Plejd

Grid & electrical equipment · SwedenRank 123 of 829Prices 30 Sep 2026Model 1.470+ zone

15070100

In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.

How the score is built

From 100 to 80, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.

100Start

80Score

Hover or select a step to see what drove it. Steps with findings open them below.

As of 30 Sep 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.

Every deduction and every plus, with its source. Open a step to read them.

Is the company getting stronger, not just bigger? · 1 finding−3 of −30

Quality of growth
Q1 2026 (+40%, 35% margin) was lifted by wholesalers building inventory; Q2 fell back to a 22.5% margin and +30%.
placera.se
−3

Today's multiples against the company's own history and its peers. · 1 finding−18 of −35

Valuation
P/E 48 vs 36–45 in 2022–25; P/S 9.3 vs 3–8; forward P/E 32; EV/EBITDA 32; P/FCF 46 (in line with history).
stockanalysis.com
−18

Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−11 of −35

Customers are shifting
Growth in installations (end-customer demand) slowed from 46.7% to 27.5%.
placera.se
−5
Customer concentration
Sold through a few electrical wholesalers (Ahlsell, Rexel, Solar, Elektroskandia); Sweden and Norway make up about 90% of revenue.
placera.se
−5
Insider trading
The HR chief sold shares worth SEK 2.9m in May 2026. A larger insider sale reported by Affärsvärlden is behind a paywall and was not checked.
placera.se
−1

Only documented strengths. · 3 findings+6 of +15

Net cash and ROIC
Net cash SEK 138m; ROIC up from 11% (2023) to 30%.
stockanalysis.com
+2
Ownership
Insiders (the founders) own 38.6% – strong alignment of interests.
stockanalysis.com
+2
New markets
Germany +167%, Netherlands +75%, Finland +35% – growth outside the core markets.
placera.se
+2