AFRY Stock Analysis: Afry | ST
Engineering & Construction | ST, Sweden | Market Cap: 11.484m SEK | 12M Return: -32% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.7M
EPS Trend: -78.2%
Qual. Beats: 0
Rev. Trend: -76.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Afry AB is a Sweden-based engineering, design, and advisory services firm operating across three reporting segments: Energy, Industry, and Transportation & Places. The company serves clients in infrastructure, industrial, and energy markets, with operations spanning the Nordics, North America, South America, Asia, and the rest of Europe. Its service offering covers a broad range of disciplines, including architecture and design, automation, digital and IT solutions, environmental and sustainability consulting, project management, water management, and software products, addressing end markets such as transportation infrastructure, buildings, mining and metals, pulp and paper, chemicals, life sciences, and defense.
Afry was founded in 1895 and is headquartered in Stockholm, Sweden. It was previously known as ÅF Pöyry AB (publ) before adopting its current name in June 2021, reflecting the integration of ÅF and the former Pöyry consulting business. As an engineering and consulting firm, Afrys business model is project-based, generating revenue primarily through long-term advisory, design, and engineering assignments rather than product sales.
- Energy transition backlog expands Nordic consulting order intake
- Nordic government infrastructure spending lifts Transportation segment revenue
- Competition from WSP and Ramboll pressures consulting margins
| Net Income: 791.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.83 > 1.0 |
| NWC/Revenue: 0.99% < 20% (prev 6.41%; Δ -5.42% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.50b > Net Income 791.0m |
| Net Debt (7.57b) to EBITDA (2.39b): 3.17 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (113.3m) vs 12m ago 0.0% < -2% |
| Gross Margin: -11.86% > 18% (prev 60.38%; Δ -72.24% > 0.5%) |
| Asset Turnover: 90.37% > 50% (prev 96.74%; Δ -6.37% > 0%) |
| Interest Coverage Ratio: 2.72 > 6 (EBIT TTM 1.58b / Interest Expense TTM 583.0m) |
| A: 0.01 (Total Current Assets 9.90b - Total Current Liabilities 9.65b) / Total Assets 28.3b |
| B: 0.25 (Retained Earnings 7.09b / Total Assets 28.3b) |
| C: 0.06 (EBIT TTM 1.58b / Avg Total Assets 27.9b) |
| D: 0.82 (Book Value of Equity 12.7b / Total Liabilities 15.6b) |
| Altman-Z'' = 2.12 = BBB |
| DSRI: 1.01 (Receivables 8.70b/9.03b, Revenue 25.2b/26.5b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.02 (AQ_t 0.59 / AQ_t-1 0.58) |
| SGI: 0.95 (Revenue 25.2b / 26.5b) |
| TATA: -0.06 (NI 791.0m - CFO 2.50b) / TA 28.3b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at SEK 101.60 with a total of 360,106 shares traded. Over the past week, the price has changed by -2.59%, over one month by -3.15%, over three months by -15.91% and over the past year by -32.00%.
Current recommended Stop Loss: 97.80 (which is 3.7% or 1.3 ATR below the current price).
Afry has no consensus analysts rating.
P/E Trailing = 14.5272
P/E Forward = 9.99
P/S = 0.4562
P/B = 0.8901
P/EG = 1.1452
Revenue TTM = 25.2b SEK
EBIT TTM = 1.58b SEK
EBITDA TTM = 2.39b SEK
Long Term Debt = 4.38b SEK (from longTermDebt, last quarter)
Short Term Debt = 2.02b SEK (from shortTermDebt, last quarter)
Debt = 8.77b SEK (from shortLongTermDebtTotal, last quarter) + Leases 1.47b
Net Debt = 7.57b SEK (calculated: Debt 8.77b - CCE 1.20b)
Enterprise Value = 19.1b SEK (11.5b + Debt 8.77b - CCE 1.20b)
Interest Coverage Ratio = 2.72 (Ebit TTM 1.58b / Interest Expense TTM 583.0m)
EV/FCF = 7.87x (Enterprise Value 19.1b / FCF TTM 2.42b)
FCF Yield = 12.71% (FCF TTM 2.42b / Enterprise Value 19.1b)
FCF Margin = 9.62% (FCF TTM 2.42b / Revenue TTM 25.2b)
Net Margin = 3.14% (Net Income TTM 791.0m / Revenue TTM 25.2b)
Gross Margin = -11.86% ((Revenue TTM 25.2b - Cost of Revenue TTM 28.2b) / Revenue TTM)
Gross Margin QoQ = 79.36% (prev 6.88%)
Tobins Q-Ratio = 0.67 (Enterprise Value 19.1b / Total Assets 28.3b)
Interest Expense / Debt = 6.65% (Interest Expense 583.0m / Debt 8.77b)
Taxrate = 28.43% (315.0m / 1.11b)
NOPAT = 1.13b (EBIT 1.58b * (1 - 28.43%))
Current Ratio = 1.03 (Total Current Assets 9.90b / Total Current Liabilities 9.65b)
Debt / Equity = 0.69 (Debt 8.77b / totalStockholderEquity, last quarter 12.7b)
Debt / EBITDA = 3.17 (Net Debt 7.57b / EBITDA 2.39b)
Debt / FCF = 3.13 (Net Debt 7.57b / FCF TTM 2.42b)
Total Stockholder Equity = 12.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.84% (Net Income 791.0m / Total Assets 28.3b)
RoE = 6.19% (Net Income TTM 791.0m / Total Stockholder Equity 12.8b)
RoCE = 9.23% (EBIT 1.58b / Capital Employed (Equity 12.8b + L.T.Debt 4.38b))
RoIC = 5.82% (NOPAT 1.13b / Invested Capital 19.5b)
WACC = 6.44% (E(11.5b)/V(20.3b) * Re(7.72%) + D(8.77b)/V(20.3b) * Rd(6.65%) * (1-Tc(0.28)))
Discount Rate = 7.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈2.19b ; Y1≈2.51b ; Y5≈3.69b
[DCF] Fair Price = 440.7 (EV 55.6b - Net Debt 7.57b = Equity 48.0b / Shares 109.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -78.25 | EPS CAGR: -12.03% | SUE: -0.57 | # QB: 0
Revenue Correlation: -76.81 | Revenue CAGR: -2.37% | SUE: -0.29 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.92 | Chg30d=-9.56% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=10.70 | Chg30d=+0.73% | Revisions=+40% | GrowthEPS=+30.8% | GrowthRev=-2.1%
EPS next Year (2027-12-31): EPS=13.06 | Chg30d=-6.45% | Revisions=-40% | GrowthEPS=+22.1% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: -12% (up=2, down=3)