EQT Stock Analysis: EQT (publ) | ST
Asset Management | ST, Sweden | Market Cap: 368.530m SEK | 12M Return: -1.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 382M
Qual. Beats: -1
Rev. Trend: 77.5%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 6.8 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.
EQT AB (publ) is a global private equity and venture capital firm headquartered in Stockholm, Sweden, founded in 1994. The firm operates across two main segments: private capital and real assets, deploying capital through growth, buyout, and recapitalization transactions, with additional exposure to green funds and fintech investments.
The firm invests across a highly diversified range of sectors, including financial services, healthcare, IT and software, consumer goods, energy, industrials, TMT, and advanced manufacturing. Geographically, EQT maintains portfolio companies across Europe, Asia-Pacific, and North America, with notable country-level exposure spanning Sweden, Germany, the United Kingdom, the Nordics, and several Asian markets such as China, Japan, and Singapore.
EQTs investment tickets typically range from €2 million to €1.6 billion in companies with enterprise values between approximately €27.79 million and $250 million, taking either minority or majority stakes. As a large-cap Industrials-listed entity on the Stockholm Stock Exchange, EQT represents a publicly traded alternative asset manager, a business model that combines management fees, transaction fees, and performance-based carried interest from underlying portfolio investments to generate revenue.
- Private capital and real assets AUM growth lifts fee revenue
- Portfolio exits and realizations boost carried interest income
- Rising rates pressure valuations; buybacks support per-share metrics
| Net Income: 1.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 10.86 > 1.0 |
| NWC/Revenue: 204.9% < 20% (prev 197.0%; Δ 7.90% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.23b > Net Income 1.03b |
| Net Debt (-850.8m) to EBITDA (1.72b): -0.49 < 3 |
| Current Ratio: 6.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.17b) vs 12m ago -1.11% < -2% |
| Gross Margin: 65.40% > 18% (prev 67.79%; Δ -2.39% > 0.5%) |
| Asset Turnover: 23.92% > 50% (prev 24.35%; Δ -0.44% > 0%) |
| Interest Coverage Ratio: 16.49 > 6 (EBIT TTM 1.30b / Interest Expense TTM 78.8m) |
| A: 0.48 (Total Current Assets 6.56b - Total Current Liabilities 978.0m) / Total Assets 11.7b |
| B: 0.23 (Retained Earnings 2.73b / Total Assets 11.7b) |
| C: 0.11 (EBIT TTM 1.30b / Avg Total Assets 11.4b) |
| D: 1.95 (Book Value of Equity 7.75b / Total Liabilities 3.98b) |
| Altman-Z'' = 6.69 = AAA |
| DSRI: 3.0 (Receivables 2.88b/261.0m, Revenue 2.73b/2.69b) |
| GMI: 1.04 (GM 67.79% / 65.40%) |
| AQI: 1.01 (AQ_t 0.42 / AQ_t-1 0.42) |
| SGI: 1.01 (Revenue 2.73b / 2.69b) |
| TATA: -0.02 (NI 1.03b - CFO 1.23b) / TA 11.7b) |
| Beneish M = -1.34 (Cap -4..+1) = D |
As of July 28, 2026, the stock is trading at SEK 321.00 with a total of 1,019,986 shares traded. Over the past week, the price has changed by +1.90%, over one month by +20.18%, over three months by +3.80% and over the past year by -1.49%.
Current recommended Stop Loss: 302.30 (which is 5.8% or 2 ATR below the current price).
EQT (publ) has no consensus analysts rating.
Market Cap EUR = 33.4b (369b SEK * 0.0906 SEK.EUR)
P/E Trailing = 31.8826
P/E Forward = 28.49
P/S = 124.1094
P/B = 4.233
P/EG = 0.8387
Revenue TTM = 2.73b EUR
EBIT TTM = 1.30b EUR
EBITDA TTM = 1.72b EUR
Long Term Debt = 2.44b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 34.1m EUR (from shortTermDebt, last quarter)
Debt = 2.84b EUR (from shortLongTermDebtTotal, last quarter) + Leases 201.0m
Net Debt = -850.8m EUR (calculated: Debt 2.84b - CCE 3.69b)
Enterprise Value = 32.5b EUR (33.4b + Debt 2.84b - CCE 3.69b)
Interest Coverage Ratio = 16.49 (Ebit TTM 1.30b / Interest Expense TTM 78.8m)
EV/FCF = 26.89x (Enterprise Value 32.5b / FCF TTM 1.21b)
FCF Yield = 3.72% (FCF TTM 1.21b / Enterprise Value 32.5b)
FCF Margin = 44.39% (FCF TTM 1.21b / Revenue TTM 2.73b)
Net Margin = 37.79% (Net Income TTM 1.03b / Revenue TTM 2.73b)
Gross Margin = 65.40% ((Revenue TTM 2.73b - Cost of Revenue TTM 943.1m) / Revenue TTM)
Gross Margin QoQ = 70.89% (prev 57.90%)
Tobins Q-Ratio = 2.77 (Enterprise Value 32.5b / Total Assets 11.7b)
Interest Expense / Debt = 2.78% (Interest Expense 78.8m / Debt 2.84b)
Taxrate = 12.88% (153.3m / 1.19b)
NOPAT = 1.13b (EBIT 1.30b * (1 - 12.88%))
Current Ratio = 6.71 (Total Current Assets 6.56b / Total Current Liabilities 978.0m)
Debt / Equity = 0.37 (Debt 2.84b / totalStockholderEquity, last quarter 7.75b)
Debt / EBITDA = -0.49 (Net Debt -850.8m / EBITDA 1.72b)
Debt / FCF = -0.70 (Net Debt -850.8m / FCF TTM 1.21b)
Total Stockholder Equity = 7.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.04% (Net Income 1.03b / Total Assets 11.7b)
RoE = 13.44% (Net Income TTM 1.03b / Total Stockholder Equity 7.67b)
RoCE = 12.85% (EBIT 1.30b / Capital Employed (Equity 7.67b + L.T.Debt 2.44b))
RoIC = 9.76% (NOPAT 1.13b / Invested Capital 11.6b)
WACC = 9.24% (E(33.4b)/V(36.2b) * Re(9.82%) + D(2.84b)/V(36.2b) * Rd(2.78%) * (1-Tc(0.13)))
Discount Rate = 9.82% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 36.71 | Cagr: 2.46%
[DCF] Terminal Value 72.37% ; FCFF base≈1.21b ; Y1≈1.22b ; Y5≈1.29b
[DCF] Fair Price = 15.59 (EV 17.4b - Net Debt -850.8m = Equity 18.2b / Shares 1.17b; r=9.24% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.76 | # QB: -1
Revenue Correlation: 77.49 | Revenue CAGR: 9.87% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.24 | Chg30d=+1.42% | Revisions=-29% | GrowthEPS=+10.1% | GrowthRev=+7.9%
EPS next Year (2027-12-31): EPS=1.64 | Chg30d=-0.80% | Revisions=-62% | GrowthEPS=+32.4% | GrowthRev=+27.8%
[Analyst] Revisions Ratio: -58% (up=1, down=8)