EPI-B Stock Analysis: Epiroc (publ) | ST
Farm & Heavy Construction Machinery | ST, Sweden | Market Cap: 256.507m SEK | 12M Return: 18% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 76.3M
EPS Trend: -66.8%
Rev. Trend: 51.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 8 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.
Epiroc AB is a Swedish industrial company that develops and produces equipment, tools, and services for the global mining and infrastructure industries. Operations are organized into two segments: Equipment & Service, which covers rock drilling, excavation, reinforcement, loading, haulage, and ventilation systems together with spare parts and aftermarket support, and Tools & Attachments, which supplies consumables such as drill bits, rock bolts, hydraulic breakers, ground engaging tools, and crusher buckets. The company operates across North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India.
The business model combines capital equipment sales with recurring revenue from spare parts, service agreements, remanufacturing, and digital offerings that include automation, collision avoidance, fleet connectivity, and electrification solutions. Epiroc holds a strategic collaboration with Chinas Sany Group for mining equipment and technology. Founded in 1873 and headquartered in Nacka, Sweden, the company was separated from Atlas Copco in 2018 to operate as an independent entity focused on mining and rock excavation customers.
- Mining capex cycle drives equipment order growth
- Aftermarket service revenue expands with higher margins
- Automation and electrification orders accelerate globally
| Net Income: 8.84b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.30 > 1.0 |
| NWC/Revenue: 42.14% < 20% (prev 35.60%; Δ 6.54% < -1%) |
| CFO/TA 0.11 > 3% & CFO 9.71b > Net Income 8.84b |
| Net Debt (14.5b) to EBITDA (15.6b): 0.93 < 3 |
| Current Ratio: 2.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.21b) vs 12m ago 0.31% < -2% |
| Gross Margin: 35.71% > 18% (prev 37.14%; Δ -1.43% > 0.5%) |
| Asset Turnover: 75.51% > 50% (prev 80.17%; Δ -4.66% > 0%) |
| Interest Coverage Ratio: 18.17 > 6 (EBIT TTM 12.5b / Interest Expense TTM 689.0m) |
| A: 0.31 (Total Current Assets 49.5b - Total Current Liabilities 23.2b) / Total Assets 85.9b |
| B: 0.51 (Retained Earnings 44.1b / Total Assets 85.9b) |
| C: 0.15 (EBIT TTM 12.5b / Avg Total Assets 82.6b) |
| D: 1.08 (Book Value of Equity 44.6b / Total Liabilities 41.3b) |
| Altman-Z'' = 5.83 = AAA |
| DSRI: 0.99 (Receivables 16.8b/17.3b, Revenue 62.4b/63.6b) |
| GMI: 1.04 (GM 37.14% / 35.71%) |
| AQI: 0.97 (AQ_t 0.32 / AQ_t-1 0.33) |
| SGI: 0.98 (Revenue 62.4b / 63.6b) |
| TATA: -0.01 (NI 8.84b - CFO 9.71b) / TA 85.9b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of July 29, 2026, the stock is trading at SEK 209.40 with a total of 244,944 shares traded. Over the past week, the price has changed by +5.81%, over one month by -4.38%, over three months by -0.97% and over the past year by +18.03%.
Current recommended Stop Loss: 197.50 (which is 5.7% or 1.9 ATR below the current price).
Epiroc (publ) has no consensus analysts rating.
P/E Trailing = 29.0014
P/E Forward = 24.5098
P/S = 4.1117
P/B = 5.6331
P/EG = 1.871
Revenue TTM = 62.4b SEK
EBIT TTM = 12.5b SEK
EBITDA TTM = 15.6b SEK
Long Term Debt = 14.6b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 3.55b SEK (from shortTermDebt, last fiscal year)
Debt = 23.1b SEK (from shortLongTermDebtTotal, last fiscal year) + Leases 2.77b
Net Debt = 14.5b SEK (calculated: Debt 23.1b - CCE 8.63b)
Enterprise Value = 271b SEK (257b + Debt 23.1b - CCE 8.63b)
Interest Coverage Ratio = 18.17 (Ebit TTM 12.5b / Interest Expense TTM 689.0m)
EV/FCF = 34.59x (Enterprise Value 271b / FCF TTM 7.83b)
FCF Yield = 2.89% (FCF TTM 7.83b / Enterprise Value 271b)
FCF Margin = 12.56% (FCF TTM 7.83b / Revenue TTM 62.4b)
Net Margin = 14.17% (Net Income TTM 8.84b / Revenue TTM 62.4b)
Gross Margin = 35.71% ((Revenue TTM 62.4b - Cost of Revenue TTM 40.1b) / Revenue TTM)
Gross Margin QoQ = 36.02% (prev 35.52%)
Tobins Q-Ratio = 3.15 (Enterprise Value 271b / Total Assets 85.9b)
Interest Expense / Debt = 2.98% (Interest Expense 689.0m / Debt 23.1b)
Taxrate = 23.89% (2.77b / 11.6b)
NOPAT = 9.53b (EBIT 12.5b * (1 - 23.89%))
Current Ratio = 2.13 (Total Current Assets 49.5b / Total Current Liabilities 23.2b)
Debt / Equity = 0.52 (Debt 23.1b / totalStockholderEquity, last quarter 44.6b)
Debt / EBITDA = 0.93 (Net Debt 14.5b / EBITDA 15.6b)
Debt / FCF = 1.85 (Net Debt 14.5b / FCF TTM 7.83b)
Total Stockholder Equity = 43.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.70% (Net Income 8.84b / Total Assets 85.9b)
RoE = 20.42% (Net Income TTM 8.84b / Total Stockholder Equity 43.3b)
RoCE = 21.61% (EBIT 12.5b / Capital Employed (Equity 43.3b + L.T.Debt 14.6b))
RoIC = 15.09% (NOPAT 9.53b / Invested Capital 63.1b)
WACC = 8.27% (E(257b)/V(280b) * Re(8.81%) + D(23.1b)/V(280b) * Rd(2.98%) * (1-Tc(0.24)))
Discount Rate = 8.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.82 | Cagr: 0.05%
[DCF] Terminal Value 73.36% ; FCFF base≈8.33b ; Y1≈7.40b ; Y5≈6.15b
[DCF] Fair Price = 215.2 (EV 98.4b - Net Debt 14.5b = Equity 83.9b / Shares 390.0m; r=8.35% [WACC [floored]]; 5y FCF grow -13.57% → 2.50% )
EPS Correlation: -66.82 | EPS CAGR: -2.86% | SUE: N/A | # QB: 0
Revenue Correlation: 51.85 | Revenue CAGR: 1.63% | SUE: 0.34 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=8.11 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=9.62 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+18.6% | GrowthRev=+13.1%