Rankings Machinery & automation Alfa Laval
Alfa Laval
77
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history−7
- FCF yield−4
- Shipbuilding cycle−3
Strengths
- Order intake+2
- Service+1
- Pricing power+1
How the score is built
From 100 to 77, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 537.20 SEK
- Median analyst target
- 610.00 SEK
- Upside to median
- +13.6%
- Analysts
- 17
- Target range
- 443.00 – 675.00 SEK
- 52-week change
- +19%
- P/E (trailing)
- 27.3
- Forward P/E
- 22.6
- PEG
- 1.84
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−6 of −30
- −2ROICROIC has fallen to 14.2% TTM from 16.8% in 2025 and 16.3% in 2024, after acquisitions of SEK 9.4bn; a P/TBV of 31.7 shows that a large part of equity is now goodwill.
- −2Quality of growthRevenue grew only 5.3% in 2024, 4.1% in 2025 and 3.9% TTM (organic 5.9% in Q2), and EPS is only +2.1% TTM. Acquisition-driven growth with no clear growth in earnings per share.
- −2Capital allocation (Fives cryogenics)The largest acquisition in years (Fives' cryogenics, SEK 9.4bn) is not yet delivering: management says low capacity utilisation in parts of Welded and Cryo weighed on the result in Q2.
Price
Today's multiples against the company's own history and its peers. · 2 findings−11 of −35
- −7Multiples vs own historyForward P/E 25.1 vs 19.9–22.1 in 2022–2025 (26.7 in 2021), trailing P/E 28.5 vs 23.3–27.6 in 2022–2025, P/B 5.1 vs 3.5–4.7 (highest in the period) and EV/EBITDA 17.4 vs 15.3–16.4 in 2022–2025. The stock is +34% over 52 weeks while EPS is +2%.
- −4FCF yieldFCF yield 2.7% TTM (P/FCF 36.7) vs 3.4–4.9% in 2023–2025; FCF fell from SEK 9.4bn in 2024 to 6.4bn TTM, and analysts expect only 7.0bn in 2026 (3.0%).
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−6 of −35
- −2Margin pressureThe adjusted EBITA margin fell to 17.0% from 17.8% in Q2 because of a negative mix in Energy (less service, more capital sales), higher-than-expected provisions, energy inflation and restructuring costs.
- −3Shipbuilding cycleMarine orders (cargo pumps) are now booked all the way into 2028, and management itself warns against extrapolating the growth, citing speculative orders and new players in the shipyard market – signs of a mature cycle. Order intake is expected lower in Q3.
- −1CurrencyNegative currency effects hit the result in Q2; with costs in Sweden and sales globally, a stronger krona continues to weigh on the margin.
Plus
Only documented strengths. · 3 findings+4 of +15
- +2Order intakeRecord order intake of SEK 22.2bn in Q2, +35% (29% organic), and sales rose 8% (6% organic) to SEK 18.1bn.
- +1ServiceService sales grew 10% organically in Q2, and service makes up over 40% of the Marine division.
- +1Pricing powerPrice increases from 1 July 2026 to cover energy inflation, and the gross margin has risen from 32.8% (2023) to 36.3% TTM.
Caveats
What the score does not capture, or where the data is weak.
Cyclical = no: earnings are spread across Energy, Food & Water and Marine/Ocean with a significant service share, but Marine follows the shipbuilding cycle, which is currently strong. ROIC and FCF are affected by the acquisition of Fives' cryogenics business (SEK 9.4bn in 2025). Q3 report 27 Oct. 2026.
Also in Machinery & automation
The highest scores in the same industry.
