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Swedish maker of rolled aluminum strip used in car radiators/heat exchangers and other industrial applications.
Swedish maker of rolled aluminum strip used in car radiators/heat exchangers and other industrial applications.
Buys aluminium at market prices and sells strip at that price plus a processing premium, so earnings depend on volume and that premium rather than the metal price itself. Operations are in Europe, North America and Asia, close to its customers.
In one line: A niche, aluminum-rolling supplier like a smaller Novelis.
Moat: narrow (process know-how, customer qualification, scale). Metallurgical know-how and long OEM qualification cycles create switching costs in a commodity-adjacent market.
Headquarters: Finspang, Sweden · Founded: 1906
Size Granges (GRNG.ST) is a Sweden Materials company (Aluminum) with a market value of $1.83B, the 90th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 168.40 on 6 Nov 2026.
Performance Over six months the shares fell 5.8%, against -28.3% for the median peer and +8.2% for the Sweden market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 26.7% over the last twelve months (peer median +14.3%); the operating margin is 5.8% (peer median 8.1%).
Valuation It trades at 12.1× forward earnings against a peer median of 10.8× (6th most expensive of 15).
Capital Return on invested capital runs 1.3 points above its cost of capital (7.6% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 34.6B | SEK 28.3B | SEK 23.4B | SEK 22.4B | SEK 24.3B |
| Revenue growth | — | +21% | +5% | -8% | — |
| Gross profit | SEK 2.01B | SEK 2.95B | SEK 2.85B | SEK 2.73B | SEK 2.45B |
| EBITDA | SEK 2.85B | SEK 2.40B | SEK 2.37B | SEK 2.35B | SEK 2.03B |
| Net income | SEK 1.35B | SEK 1.01B | SEK 1.01B | SEK 1.01B | SEK 700M |
| Free cash flow | -SEK 568M | SEK 319M | -SEK 1.09B | SEK 1.75B | -SEK 145M |
| Capital expenditure | SEK 627M | SEK 773M | SEK 1.32B | SEK 1.23B | SEK 993M |
| Total debt | SEK 6.08B | SEK 4.89B | SEK 5.48B | SEK 3.46B | SEK 5.06B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Granges GRNG.ST | $1.83B | -6% | +27% | 6% | 12.1× | n/a |
| Constellium CSTM | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% |
| Norsk Hydro NHY.OL | $14.4B | -34% | -4% | 10% | 8.3× | 0.4% |
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 | GRNG.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.8% | -9.1% | 6th highest of 21 |
| 6-month return | -5.8% | -28.3% | 4th highest of 21 |
| Distance from 52-week high | -14.5% | -43.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +26.7% | +14.3% | 5th highest of 21 |
| Operating margin | 5.8% | 8.1% | 7th lowest of 21 |
| Forward P/E | 12.1× | 10.8× | 6th most expensive of 15 |
| ROIC minus cost of capital | +1.3 pp | +1.8 pp | 10th lowest of 21 |
| EV / EBITDA | 8.4× | 7.3× | 4th most expensive of 8 |
| Net debt / EBITDA | 1.8× | 2.0× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 12.1× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 10.7× | n/a | n/a |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 10.9× | 0.8% | +23.5% |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | n/a | -13.0% | +6.6% |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 9.2× | n/a | n/a |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 12.4× | 8.1% | +16.2% |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 6.2× | -5.3% | +15.7% |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 11.7× | n/a | n/a |
| Nantong Haixing Electronics 603115.SS | China | $1.62B | -22% | +21% | 8% | 33.5× | n/a | n/a |
| Giansun Precision Technology 001400.SZ | China | $1.41B | -35% | 0% | 10% | n/a | n/a | n/a |
| Grinm Metal Composites (Beijing) Technology 688811.SS | China | $1.27B | -30% | 0% | 11% | n/a | n/a | n/a |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 7.2× | -2.7% | +16.6% |
| Elkem ELK.OL | Norway | $1.18B | +7% | -12% | 3% | n/a | 17.0% | -7.2% |
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 8.3× | -6.8% | +8.7% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 16.9× | 6.6% | +9.2% |
| Yinbang Clad Material 300337.SZ | China | $1.06B | -38% | +45% | 3% | n/a | n/a | n/a |
| Yong Jie New Material 603271.SS | China | $1.03B | -33% | +57% | 4% | n/a | 9.1% | +20.3% |
| Guangdong Haomei New Material 002988.SZ | China | $1.01B | -22% | +16% | 1% | 55.2× | n/a | n/a |
| Century Aluminum CENX | United States | $3.31B | -43% | +10% | 15% | 3.2× | 9.9% | +9.5% |
| Yechiu Metal Recycling (China) 601388.SS | China | $1.01B | -25% | +10% | 7% | 16.2× | 2.0% | +6.2% |
| Henan Zhongfu Industrial 600595.SS | China | $3.36B | -28% | +24% | 16% | 5.7× | -10.2% | +23.3% |