Addtech AB
About the company
Addtech AB (publ.) provides technical products and solutions for the manufacturing and infrastructure sectors in Sweden, Denmark, Finland, Norway, Germany, the United Kingdom, the rest of Europe, and internationally. The company operates through six segments: Automation, Electrification, Energy, Industry, Process, and Safety. It produces and sells solutions for industrial IT and communications, such as control systems, sensors and vision products, robotics, and data collection solutions; and designs and delivers systems and solutions for the forestry, specialized vehicles, mechanical engineering, electronics industries, waste management and recycling, as well as underwater technology. The company also offers power supply and transmission, electric drivetrain solutions, advanced battery systems, and technical systems for buildings; and overhead line and substation materials for grid construction, railway related electrical infrastructure, control equipment, switchgear, and associated components for delivering electricity to industry, data centers, hospitals and defense. In addition, it is involved in the production and sale of solutions for measuring, controlling, cleaning, and streamlining industrial flows; and provision of components, products, and complete solutions that protect people, property, and critical societal systems. Addtech AB (publ.) was founded in 1906 and is headquartered in Stockholm, Sweden.
Price above modeled range
Other models: SEK 39.01–141.52 (median 117.41). The recommended value is in line with them.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price above modeled range
Free-cash-flow DCF using TTM through 30 Sep 2026 reported free cash flow, with cash, debt, and shares from the latest report. Base assumptions are 7.43% growth, 2.7% terminal growth, and 10% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is not a statistical confidence interval or investment advice. Low confidence: the modelled value is far from the market price, which usually means the model does not capture this company well (for example expected growth well above its history).
Assumptions: growth 7.43%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 7.4% (sector default 6.2%, own revenue history 6.7%, analyst revenue consensus 8.4%).
5-year outlook: relative outlook of about 1.4% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 8.4% a year; the growth assumption used is 7.4%.
Adjust assumptions
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — SEK 52.53 (-83.3%)
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EPS-based Gordon proxy
— SEK 117.41 (-62.6%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— SEK 52.53 (-83.3%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— SEK 39.01 (-87.6%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— SEK 141.52 (-55.0%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— SEK 52.06 (-83.4%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— SEK 377.06 (+20.0%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear SEK 33.24 | -845.2% |
| Base SEK 52.53 | -498.1% |
| Bull SEK 86.88 | -261.6% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At SEK 314.20 the market implies about this annual free-cash-flow growth for 5 years (terminal 2.7%, discount 10.0%).
Compare: the market implies 48.7% a year, this model assumes 7.4%. The market expects more than this model does, which is why it reads as overvalued.
Sensitivity: base value per share
How the Free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
These are assumption-based scenarios, not a confidence interval. Scroll horizontally to see all discount rates.
| Growth \ Discount | 8.0% | 9.0% | 10.0% | 11.0% | 12.0% |
|---|---|---|---|---|---|
| 3.4% | 65.00 | 51.06 | 40.95 | 33.28 | 27.25 |
| 5.4% | 72.97 | 57.65 | 46.54 | 38.10 | 31.49 |
| 7.4% | 81.54 | 64.73 | 52.53 | 43.28 | 36.03 |
| 9.4% | 90.74 | 72.32 | 58.96 | 48.83 | 40.89 |
| 11.4% | 100.61 | 80.46 | 65.85 | 54.78 | 46.10 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
5 years price change: +57.87% · SEK 314.20 · Market data through 06 Nov 2026 ; dashed line is today’s model base value (SEK 52.53). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 06 Nov 2026; last refreshed 06 Nov 2026 18:14 (1 hour ago).
08 Nov 2021Range SEK 125.18 – 352.6506 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 90 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +5.9% a year | 20 / 20 |
| Balance sheet | net debt 1.6x EBITDA | 20 / 20 |
| Margins | EBITDA margin 16% | 10 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| ADDT-B.ST (this company) | SEK 314.20 | -498.1% | 37.6 | 10.2 | 1.0% | 90 |
| EZJ.L easyJet plc | GBP 6.84 | 74.5% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.10 | 64.9% | 7.0 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.34 | 59.3% | 8.0 | 3.4 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.56 | 54.6% | – | 0.8 | 2.1% | 46 |
| DFDS.CO DFDS A/S | DKK 152.90 | 47.4% | – | 0.6 | – | 64 |
| SRP.L Serco Group plc | GBP 2.81 | 45.4% | 20.0 | 3.3 | 1.5% | 82 |
| DG.PA VINCI SA | EUR 111.60 | 42.2% | 12.9 | 2.1 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 87.45 | 41.9% | 7.1 | 1.8 | 1.3% | 100 |
| Peer median | 9.3 | 1.9 | ||||
Dividends
Paid in the last 12 months: SEK 3.60 per share · yield 1.15% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 3.600 |
| 2025 | 3.200 |
| 2024 | 2.800 |
| 2023 | 2.500 |
| 2022 | 1.800 |
| 2021 | 1.200 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 19:15
| Revenue | SEK 23,493,000,000 |
|---|---|
| EBITDA | SEK 3,782,000,000 |
| EBIT | SEK 3,182,000,000 |
| Net income | SEK 2,309,000,000 |
| Free cash flow | SEK 1,210,000,000 |
| Capital expenditures | SEK 1,772,000,000 |
| Debt | SEK 7,704,000,000 |
| Cash | SEK 1,474,000,000 |
| Working capital | SEK 3,514,000,000 |
| Shares outstanding | 276,667,000 |