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Employees: 517
Size Ependion (EPEN.ST) is a Sweden Information Technology company (Telecommunications Equipment) with a market value of $483M, the 181st largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 146.60 on 6 Nov 2026.
Performance Over six months the shares gained 5.6%, against -24.1% for the median peer and +8.2% for the Sweden market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 13.4% over the last twelve months (peer median +9.4%); the operating margin is 11.1% (peer median -0.5%).
Valuation It trades at 21.1× forward earnings against a peer median of 31.2× (4th cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points above its cost of capital (9.4% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 2.53B | SEK 2.23B | SEK 2.26B | SEK 2.47B | SEK 2.13B |
| Revenue growth | — | -1% | -9% | +16% | — |
| Gross profit | SEK 1.32B | SEK 1.19B | SEK 1.15B | SEK 1.22B | SEK 1.01B |
| EBITDA | SEK 517M | SEK 334M | SEK 332M | SEK 405M | SEK 277M |
| Net income | SEK 187M | SEK 147M | SEK 158M | SEK 201M | SEK 146M |
| Free cash flow | SEK 361M | SEK 349M | SEK 420M | SEK 308M | SEK 188M |
| Capital expenditure | SEK 27.4M | SEK 181M | SEK 224M | SEK 174M | SEK 121M |
| Total debt | SEK 694M | SEK 698M | SEK 703M | SEK 729M | SEK 767M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EPEN.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | -17.7% | 4th highest of 21 |
| 6-month return | +5.6% | -24.1% | highest of 21 |
| Distance from 52-week high | -10.6% | -46.3% | highest of 21 |
| Revenue growth (TTM) | +13.4% | +9.4% | 10th highest of 21 |
| Operating margin | 11.1% | -0.5% | highest of 21 |
| Forward P/E | 21.1× | 31.2× | 4th cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 10.9% | 36.0% | 2nd least demanding of 6 |
| Growth delivered (Del g) | +9.2% | -2.6% | 2nd highest of 6 |
| Hurdle (Req g minus delivered) | +1.7 pp | +32.9 pp | least demanding of 6 |
| ROIC minus cost of capital | +0.3 pp | -9.8 pp | 5th highest of 21 |
| EV / EBITDA | 10.1× | 23.4× | 2nd cheapest of 4 |
| Net debt / EBITDA | 1.0× | -6.0× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ependion EPEN.ST | Sweden | $483M | +6% | +13% | 11% | 21.1× | 10.9% | +9.2% |
| Jilin University Zhengyuan Information Technologies 003029.SZ | China | $478M | -20% | +1% | -29% | n/a | n/a | n/a |
| Sunsea AIoT Technology 002313.SZ | China | $469M | -13% | +11% | -4% | n/a | n/a | n/a |
| Beijing StarNeto Technology 002829.SZ | China | $460M | -33% | -25% | -70% | 11.3× | n/a | n/a |
| Raisecom Technology 603803.SS | China | $518M | -43% | +8% | -6% | n/a | n/a | n/a |
| Napatech A/S NAPA.OL | Norway | $434M | -19% | +35% | -29% | n/a | n/a | n/a |
| GemTek Technology 4906.TW | Taiwan | $433M | -10% | -36% | -2% | n/a | n/a | n/a |
| Invengo Information Technology 002161.SZ | China | $538M | -27% | -2% | -19% | 37.9× | 26.0% | +4.9% |
| Ningbo Bird 600130.SS | China | $428M | -16% | +26% | -1% | n/a | n/a | n/a |
| Hangzhou CNCR-IT 300250.SZ | China | $423M | -30% | +1% | -2% | n/a | 49.9% | -10.0% |
| Shenzhen Tvt Digital Technology 002835.SZ | China | $422M | -17% | +18% | 10% | n/a | n/a | n/a |
| Gilat Satellite Networks GILT | United States | $554M | -63% | +39% | 5% | 12.1× | n/a | n/a |
| QPS 464A.T | Japan | $417M | -53% | +91% | 3% | 28.2× | n/a | n/a |
| Chengdu KSW Technologies 688283.SS | China | $411M | -45% | -4% | 3% | 45.0× | n/a | n/a |
| Tatwah Smartech 002512.SZ | China | $567M | -16% | +32% | 0% | n/a | 36.0% | -2.6% |
| Satrec Initiative 099320.KS | South Korea | $405M | -70% | +18% | 5% | 34.2× | n/a | n/a |
| Shenzhen Genvict Technologies 002869.SZ | China | $404M | -27% | -26% | -39% | n/a | n/a | n/a |
| IDT International 0167.HK | Hong Kong | $401M | +4% | +2,165% | 4% | n/a | n/a | n/a |
| Sercomm 5388.TW | Taiwan | $591M | -19% | +34% | 3% | 9.3× | n/a | n/a |
| Nanjing Huamai Technology 603042.SS | China | $389M | -21% | +7% | 10% | n/a | 10.2% | -6.7% |
| Clearfield CLFD | United States | $389M | -28% | -27% | 2% | 48.5× | 42.9% | +10.0% |