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Employees: 3,431
Size Hanza (HANZA.ST) is a Sweden Materials company (Steel) with a market value of $978M, the 135th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 152.20 on 6 Nov 2026.
Performance Over six months the shares fell 11.1%, against -22.8% for the median peer and +8.2% for the Sweden market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 72.0% over the last twelve months (peer median +3.1%); the operating margin is 7.7% (peer median 5.0%).
Valuation It trades at 18.8× forward earnings against a peer median of 17.5× (6th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points below its cost of capital (10.0% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 9.48B | SEK 6.03B | SEK 4.85B | SEK 4.14B | SEK 3.55B |
| Revenue growth | — | +24% | +17% | +17% | — |
| Gross profit | SEK 727M | SEK 386M | SEK 275M | SEK 367M | SEK 222M |
| EBITDA | SEK 1.16B | SEK 663M | SEK 466M | SEK 466M | SEK 309M |
| Net income | SEK 381M | SEK 246M | SEK 111M | SEK 214M | SEK 121M |
| Free cash flow | SEK 704M | SEK 317M | SEK 305M | SEK 31.0M | -SEK 34.0M |
| Capital expenditure | SEK 335M | SEK 202M | SEK 267M | SEK 298M | SEK 180M |
| Total debt | SEK 2.66B | SEK 2.10B | SEK 1.01B | SEK 689M | SEK 696M |
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 | HANZA.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -6.5% | 7th lowest of 21 |
| 6-month return | -11.1% | -22.8% | 5th highest of 20 |
| Distance from 52-week high | -16.3% | -39.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +72.0% | +3.1% | highest of 19 |
| Operating margin | 7.7% | 5.0% | 6th highest of 19 |
| Forward P/E | 18.8× | 17.5× | 6th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 10.4% | 4.0% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +22.8% | +8.4% | highest of 10 |
| Hurdle (Req g minus delivered) | -12.4 pp | +3.1 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | -0.8 pp | -3.2 pp | 7th highest of 21 |
| EV / EBITDA | 9.9× | 6.8× | 2nd most expensive of 7 |
| Net debt / EBITDA | 1.7× | 0.3× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 18.8× | 10.4% | +22.8% |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | n/a | n/a | n/a |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 15.4× | 0.6% | -3.9% |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | n/a | n/a | n/a |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 14.2× | 1.6% | +8.5% |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 27.5× | 9.7% | -2.4% |
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 5% | 40.0× | n/a | n/a |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% | +0.9% |
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 5% | 41.5× | 26.1% | +15.8% |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | n/a | 8.4% | +14.0% |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 35.0× | n/a | n/a |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -18% | n/a | n/a | n/a |
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 8% | 10.5× | -14.8% | +20.5% |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 23% | n/a | n/a | n/a |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 2% | n/a | n/a | n/a |
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | n/a | n/a | n/a | n/a |
| Jiangsu Shagang 002075.SZ | China | $1.09B | -25% | -4% | 1% | n/a | n/a | n/a |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 1% | 35.8× | n/a | n/a |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 0% | 14.5× | 9.2% | +1.2% |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | n/a | n/a | n/a |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 17.5× | -4.8% | +8.4% |