HMS Stock Analysis: HMS Networks (publ) | ST
Communication Equipment | ST, Sweden | Market Cap: 27.807m SEK | 12M Return: 29.6% | SE0009997018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.0M
EPS Trend: 44.5%
Qual. Beats: 0
Rev. Trend: 93.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
HMS Networks AB (publ), founded in 1988 and headquartered in Halmstad, Sweden, provides industrial information and communication technology (ICT) solutions worldwide. Its portfolio spans industrial data products (HMI, panel meters, controllers, network diagnostics and security, remote gateways), network connectivity hardware (embedded interfaces, protocol converters, gateways, switches, wireless, industrial PC interfaces), building automation gateways, and vehicle and medical communication products, sold under the Anybus, Ixxat, Ewon, Intesis, Red Lion, and N-Tron brands.
The companys products are used by customers across automotive, factory and building automation, food and beverage, medical, packaging, power generation, process automation, transport and infrastructure, warehouse and distribution, and water/wastewater industries, supporting applications such as battery energy storage, EV charging, HVAC and lighting control, mobile robots, PLCs, robot controllers, and smart metering.
HMS operates in the industrial communications segment of the broader Industrial Internet of Things (IIoT) and factory automation market, where its multi-brand, OEM-oriented model lets it address both legacy fieldbus protocols and modern Ethernet/IP-based industrial networks across diverse end markets.
- Factory automation demand drives industrial connectivity revenue growth
- Building automation and EV charging segments expand on energy transition
- Red Lion and N-Tron acquisitions expand US industrial market share
| Net Income: 553.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 4.28 > 1.0 |
| NWC/Revenue: 11.40% < 20% (prev 6.15%; Δ 5.25% < -1%) |
| CFO/TA 0.16 > 3% & CFO 1.07b > Net Income 553.0m |
| Net Debt (2.39b) to EBITDA (1.21b): 1.97 < 3 |
| Current Ratio: 1.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.2m) vs 12m ago 0.03% < -2% |
| Gross Margin: 63.30% > 18% (prev 62.73%; Δ 0.58% > 0.5%) |
| Asset Turnover: 55.64% > 50% (prev 48.44%; Δ 7.20% > 0%) |
| Interest Coverage Ratio: 7.68 > 6 (EBIT TTM 945.0m / Interest Expense TTM 123.0m) |
| A: 0.06 (Total Current Assets 1.31b - Total Current Liabilities 879.0m) / Total Assets 6.80b |
| B: 0.30 (Retained Earnings 2.05b / Total Assets 6.80b) |
| C: 0.14 (EBIT TTM 945.0m / Avg Total Assets 6.84b) |
| D: 1.19 (Book Value of Equity 3.70b / Total Liabilities 3.11b) |
| Altman-Z'' = 3.58 = A |
| DSRI: 0.91 (Receivables 663.0m/636.0m, Revenue 3.81b/3.33b) |
| GMI: 0.99 (GM 62.73% / 63.30%) |
| AQI: 1.02 (AQ_t 0.74 / AQ_t-1 0.73) |
| SGI: 1.14 (Revenue 3.81b / 3.33b) |
| TATA: -0.08 (NI 553.0m - CFO 1.07b) / TA 6.80b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of September 27, 2026, the stock is trading at SEK 549.00 with a total of 39,546 shares traded. Over the past week, the price has changed by +2.62%, over one month by +10.42%, over three months by +6.81% and over the past year by +29.59%.
Current recommended Stop Loss: 516.40 (which is 5.9% or 2.2 ATR below the current price).
HMS Networks (publ) has no consensus analysts rating.
P/E Trailing = 50.4095
P/E Forward = 29.4118
P/S = 7.3056
P/B = 7.3839
P/EG = 0.8085
Revenue TTM = 3.81b SEK
EBIT TTM = 945.0m SEK
EBITDA TTM = 1.21b SEK
Long Term Debt = 1.73b SEK (from longTermDebt, last quarter)
Short Term Debt = 281.0m SEK (from shortTermDebt, last quarter)
Debt = 2.44b SEK (from shortLongTermDebtTotal, last quarter) + Leases 246.0m
Net Debt = 2.39b SEK (calculated: Debt 2.44b - CCE 47.0m)
Enterprise Value = 30.2b SEK (27.8b + Debt 2.44b - CCE 47.0m)
Interest Coverage Ratio = 7.68 (Ebit TTM 945.0m / Interest Expense TTM 123.0m)
EV/FCF = 32.33x (Enterprise Value 30.2b / FCF TTM 934.0m)
FCF Yield = 3.09% (FCF TTM 934.0m / Enterprise Value 30.2b)
FCF Margin = 24.53% (FCF TTM 934.0m / Revenue TTM 3.81b)
Net Margin = 14.53% (Net Income TTM 553.0m / Revenue TTM 3.81b)
Gross Margin = 63.30% ((Revenue TTM 3.81b - Cost of Revenue TTM 1.40b) / Revenue TTM)
Gross Margin QoQ = 63.77% (prev 62.41%)
Tobins Q-Ratio = 4.44 (Enterprise Value 30.2b / Total Assets 6.80b)
Interest Expense / Debt = 5.05% (Interest Expense 123.0m / Debt 2.44b)
Taxrate = 31.09% (249.0m / 801.0m)
NOPAT = 651.2m (EBIT 945.0m * (1 - 31.09%))
Current Ratio = 1.49 (Total Current Assets 1.31b / Total Current Liabilities 879.0m)
Debt / Equity = 0.66 (Debt 2.44b / totalStockholderEquity, last quarter 3.70b)
Debt / EBITDA = 1.97 (Net Debt 2.39b / EBITDA 1.21b)
Debt / FCF = 2.56 (Net Debt 2.39b / FCF TTM 934.0m)
Total Stockholder Equity = 3.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.08% (Net Income 553.0m / Total Assets 6.80b)
RoE = 15.42% (Net Income TTM 553.0m / Total Stockholder Equity 3.59b)
RoCE = 17.76% (EBIT 945.0m / Capital Employed (Equity 3.59b + L.T.Debt 1.73b))
RoIC = 10.57% (NOPAT 651.2m / Invested Capital 6.16b)
WACC = 9.37% (E(27.8b)/V(30.2b) * Re(9.89%) + D(2.44b)/V(30.2b) * Rd(5.05%) * (1-Tc(0.31)))
Discount Rate = 9.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.45 | Cagr: 3.29%
[DCF] Terminal Value 74.73% ; FCFF base≈820.4m ; Y1≈940.4m ; Y5≈1.38b
[DCF] Fair Price = 304.0 (EV 17.6b - Net Debt 2.39b = Equity 15.3b / Shares 50.2m; r=9.37% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 44.46 | EPS CAGR: 9.96% | SUE: 0.72 | # QB: 0
Revenue Correlation: 93.22 | Revenue CAGR: 10.01% | SUE: 0.19 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3.87 | Chg30d=+0.80% | Revisions=-29% | Analysts=4
EPS current Year (2026-12-31): EPS=15.11 | Chg30d=+0.03% | Revisions=+25% | GrowthEPS=+10.0% | GrowthRev=+13.8%
EPS next Year (2027-12-31): EPS=18.26 | Chg30d=+1.61% | Revisions=+25% | GrowthEPS=+20.9% | GrowthRev=+13.5%
[Analyst] Revisions Ratio: +0% (up=3, down=3)