Alleima ALLEI.ST
SwedenBasic Materials · SteelNasdaq Estocolmo · SEK
97.25 SEK (−14.4%)
4 analysts
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Alleima AB is a Swedish manufacturer of high-value-added specialty steels, including stainless steel, high-temperature alloys, and tubular products, supplying sectors such as energy, aerospace, chemical, and automotive.
Listed on Nasdaq Estocolmo · Symbol ALLEI.ST · STO: ALLEI · Currency SEK
Key points
from its scores- ✓Very solid balance sheet8.2
- ✓Good share-price trend8.0
- ✓Strong growth7.3
- ✕Little competitive advantage4.3
- ✕Demanding valuation4.8
AI analysis
bottom line, main risk, context and newsSolid financial health and strong earnings growth justify the position, but demanding valuation and moderate quality limit short-term upside potential.
Alleima presents solid financial health (net cash, Net Debt/EBITDA of -0.12) and exceptional earnings growth of 170.40%, although its quality (ROE 5.47%) and valuation (P/E 31.12) are less attractive. Momentum is strong (8.04), but cash conversion (27.57%) and gross margin (20.50%) suggest a limited moat quality.
The main risk is dependence on cyclical sectors such as energy and aerospace, which could experience a slowdown and affect demand for its specialty steel products.
Context and risks
Alleima AB, based in Sweden, does not show material exposure to current macro factors. Its high-value-added specialty steel business does not significantly depend on conflict maritime routes or dollar-denominated commodities. Dollar strength could have a mixed effect on its exports, but it is not a dominant factor in its risk profile.
Is Alleima stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 49% above the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 31.1 | 19.2 | +62% |
| EV / EBITDA | 13.5 | 10.0 | +35% |
| Price / book | 1.7 | 2.3 | −26% |
| Price / sales | 1.6 | 2.2 | −29% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.8 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 97.25 SEK, −14.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.3 (sector 5.1), Growth 7.3 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 31.1
- Forward P/E
- 17.6
- EV / EBITDA
- 13.5
- Price / book
- 1.7
- Price / sales
- 1.6
- PEG
- 0.50
- Market cap
- 28.4B SEK
- Enterprise value
- 28.2B SEK
Profitability
- ROE
- 5.5%
- ROA
- 3.6%
- ROIC (approx.)
- 14.8%
- Gross margin
- 20.5%
- Operating margin
- 14.6%
- Net margin
- 5.0%
- Free cash flow
- 574.4M SEK
- FCF yield
- 2.0%
- Cash conversion
- 28%
Solvency
- Total debt
- 1.1B SEK
- Net debt
- −249.0M SEK
- Cash
- 1.3B SEK
- EBITDA
- 2.1B SEK
- Net debt / EBITDA
- −0.12
- Debt / equity
- 6.33
- Current ratio
- 2.69
- Quick ratio
- 1.13
Growth
- Revenue growth
- +2.7%
- Earnings growth
- +170.4%
- EPS (TTM)
- 3.65 SEK
- EPS (forward)
- 6.44 SEK
Dividend
- Dividend yield
- 2.2%
- Payout
- 68.5%
Risk and market
- Beta
- 1.11
- Analyst consensus
- Hold (4)
- Target price
- 97.25 SEK
- 52-week range
- 70.00 – 122.90
Recent news
All ALLEI.ST news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Alleima
Is Alleima stock cheap or expensive?
On P/E and EV / EBITDA, it trades 49% above the Basic Materials median on average. Valuation score: 4.8 out of 10 (median for Basic Materials: 5.8). Average analyst target: 97.25 SEK, −14.4% versus the price. This is not investment advice.
What score does Alleima get on MeridIAn Screener?
It scores 6.0 out of 10, rank 958 of 2,130 (better than 51% of the companies analysed). Its strongest category is Financial health (8.2) and its weakest, Quality / Moat (4.3). Analysis of 08/10/2026.
What is Alleima's P/E ratio?
Its P/E is 31.1: the share price equals 31.1 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 17.6.
How much is Alleima worth on the stock market?
Its market capitalisation is 28.4B SEK and its enterprise value, debt included, is 28.2B SEK.
How much debt does Alleima have?
It has more cash than debt: net cash of 249.0M SEK.
Does Alleima pay a dividend?
Yes: its dividend yield is 2.20% and it pays out 68% of its earnings.
How has Alleima stock performed over the last year?
It has risen 60.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 70.00 and 122.90 SEK. Past performance does not guarantee future results.
What do analysts think of Alleima?
4 analysts cover it; their average recommendation is “Hold” and their average target is 97.25 SEK (−14.4% versus the price). It is an estimate, not market data.