Employees: 300
Size Haypp (HAYPP.ST) is a Sweden Industrials company (Wholesale Distributors) with a market value of $485M, the 180th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 146.80 on 6 Nov 2026.
Performance Over six months the shares gained 5.0%, against -3.8% for the median peer and +8.2% for the Sweden market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +4.1%); the operating margin is 1.3% (peer median 3.5%).
Valuation It trades at 73.5× forward earnings against a peer median of 12.4× (most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +18 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 1.6 points below its cost of capital (6.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 4.29B | SEK 3.85B | SEK 3.68B | SEK 3.17B | SEK 2.60B |
| Revenue growth | — | +5% | +16% | +22% | — |
| Gross profit | SEK 55.5M | SEK 109M | SEK 94.0M | SEK 67.7M | SEK 36.8M |
| EBITDA | SEK 192M | SEK 237M | SEK 210M | SEK 105M | SEK 78.3M |
| Net income | SEK 7.92M | SEK 42.5M | SEK 45.0M | SEK 5.04M | SEK 20.1M |
| Free cash flow | SEK 26.3M | SEK 130M | SEK 160M | SEK 78.2M | -SEK 36.0M |
| Capital expenditure | SEK 116M | SEK 89.5M | SEK 106M | SEK 60.5M | SEK 46.9M |
| Total debt | SEK 238M | SEK 189M | SEK 204M | SEK 236M | SEK 200M |
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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 | HAYPP.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -5.6% | 10th highest of 21 |
| 6-month return | +5.0% | -3.8% | 8th highest of 20 |
| Distance from 52-week high | -15.9% | -18.2% | 8th highest of 21 |
| Revenue growth (TTM) | +15.7% | +4.1% | 2nd highest of 21 |
| Operating margin | 1.3% | 3.5% | 5th lowest of 21 |
| Forward P/E | 73.5× | 12.4× | most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 35.0% | 0.7% | 2nd most demanding of 16 |
| Growth delivered (Del g) | +17.4% | +6.5% | 3rd highest of 16 |
| Hurdle (Req g minus delivered) | +17.7 pp | -5.5 pp | 2nd most demanding of 16 |
| ROIC minus cost of capital | -1.6 pp | -0.8 pp | 11th highest of 21 |
| Net debt / EBITDA | 1.1× | 2.6× | 7th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Haypp HAYPP.ST | Sweden | $485M | +5% | +16% | 1% | 73.5× | 35.0% | +17.4% |
| Shinsho 8075.T | Japan | $485M | +24% | +4% | 2% | n/a | -3.3% | -5.0% |
| Ananda Drive Techniques (Shanghai) 603350.SS | China | $481M | -21% | +6% | 4% | 22.4× | n/a | n/a |
| Huitongda Network 9878.HK | Hong Kong | $480M | -6% | +3% | 1% | 9.2× | -5.1% | +0.3% |
| BlueLinx BXC | United States | $477M | +16% | +4% | 1% | 47.7× | 13.3% | -0.9% |
| Jacquet Metals JCQ.PA | France | $493M | -4% | -2% | 3% | 12.9× | 1.4% | +6.2% |
| Siix 7613.T | Japan | $471M | +23% | 0% | 3% | 8.8× | -8.8% | +9.8% |
| Bourrelier ALBOU.PA | France | $468M | +36% | +3% | 3% | n/a | 11.5% | +1.1% |
| Wajax WJX.TO | Canada | $503M | +11% | -4% | 6% | 9.8× | -6.8% | +8.6% |
| Symphony 1223.HK | Hong Kong | $467M | -12% | +9% | 1% | n/a | n/a | n/a |
| National Petroleum 9937.TW | Taiwan | $508M | -4% | -3% | 4% | n/a | -0.2% | +4.2% |
| Xinjiang Hongtong Natural Gas 605169.SS | China | $514M | -4% | -5% | 6% | n/a | 6.6% | +31.5% |
| Zhejiang Jindao Technology 301279.SZ | China | $516M | -9% | +12% | 10% | n/a | n/a | n/a |
| Salix SALIX.ST | Sweden | $521M | n/a | +15% | 8% | n/a | 1.1% | +14.7% |
| Titan Machinery TITN | United States | $521M | +3% | -11% | 0% | n/a | -11.7% | +11.5% |
| Doright 300950.SZ | China | $522M | -24% | +9% | 7% | n/a | 37.0% | +17.4% |
| China National Complete Plant Import & Export 000151.SZ | China | $524M | -16% | +16% | 1% | 45.2× | n/a | n/a |
| Nichiden 9902.T | Japan | $532M | +22% | +9% | 5% | n/a | -3.8% | +6.5% |
| Brdr A & O Johansen A/S AOJ-B.CO | Denmark | $439M | +17% | +12% | 5% | 11.8× | 0.7% | +8.4% |
| Kunshan TopA Intelligent Equipment 300836.SZ | China | $534M | -36% | +111% | 10% | 24.0× | n/a | n/a |
| Groupe Samse SAMS.PA | France | $439M | -5% | -2% | 2% | 8.5× | 5.9% | +5.0% |