EQT Stock Analysis: EQT (publ) | ST
Asset Management | ST, Sweden | Market Cap: 355.713m SEK | 12M Return: -8.8% | SE0012853455 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 447M
Qual. Beats: -1
Rev. Trend: 77.5%
Warnings
Tailwinds
Seasonality 7 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: 1.15 (Receivables 304.0m/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 = -2.86 (Cap -4..+1) = A |
As of September 27, 2026, the stock is trading at SEK 284.90 with a total of 1,281,536 shares traded. Over the past week, the price has changed by -5.00%, over one month by -15.36%, over three months by +7.39% and over the past year by -8.76%.
Current recommended Stop Loss: 263.70 (which is 7.4% or 2.7 ATR below the current price).
EQT (publ) has no consensus analysts rating.
Market Cap EUR = 31.5b (356b SEK * 0.0885 SEK.EUR)
P/E Trailing = 28.4363
P/E Forward = 31.8471
P/S = 119.7929
P/B = 4.2619
P/EG = 0.9377
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 = 34.0m 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 = 30.6b EUR (31.5b + Debt 2.84b - CCE 3.69b)
Interest Coverage Ratio = 16.49 (Ebit TTM 1.30b / Interest Expense TTM 78.8m)
EV/FCF = 25.31x (Enterprise Value 30.6b / FCF TTM 1.21b)
FCF Yield = 3.95% (FCF TTM 1.21b / Enterprise Value 30.6b)
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 = 2.61 (Enterprise Value 30.6b / 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 = 9.03% (E(31.5b)/V(34.3b) * Re(9.62%) + D(2.84b)/V(34.3b) * Rd(2.78%) * (1-Tc(0.13)))
Discount Rate = 9.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 36.71 | Cagr: 2.46%
[DCF] Terminal Value 73.10% ; FCFF base≈1.21b ; Y1≈1.22b ; Y5≈1.29b
[DCF] Fair Price = 15.09 (EV 18.0b - Net Debt -850.8m = Equity 18.8b / Shares 1.25b; r=9.03% [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=1.28 | Chg30d=+0.06% | Revisions=+50% | GrowthEPS=+13.7% | GrowthRev=+11.2%
EPS next Year (2027-12-31): EPS=1.76 | Chg30d=+2.22% | Revisions=-10% | GrowthEPS=+37.7% | GrowthRev=+33.5%
[Analyst] Revisions Ratio: +24% (up=9, down=5)