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← CockpitCompetitor Analysis › HAYPP.ST Haypp Group ABOpen in the cockpit ↗

Haypp Group ABHAYPP.STCompetitor analysis, valuation and peers

Sweden · SEK·Industrials›Wholesale Distributors
Momentum neutral 45
Mkt cap
$485M
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$463,246
20-day average traded
Fwd P/E
73.5×
forward earnings
ROIC−WACC
-1.6 pp
WACC 6.4%
Hurdle
+18 pp
Req g minus delivered
Close · SEKSEK 146.80
1D-8.9%
1W-12.7%
1M-5.3%
3M+4.9%
6M+5.0%
YTD+2.4%
1Y-5.0%
ATR %4.3%
52w lowhigh15.9% off high

What Haypp does

Employees: 300

Haypp at a glance

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).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026HAYPP.ST 108Peer median 96
Six months, rebased to 100: Haypp against the median of its 20 peers (local-currency closes).

Haypp financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 4.29BSEK 3.85BSEK 3.68BSEK 3.17BSEK 2.60B
Revenue growth—+5%+16%+22%—
Gross profitSEK 55.5MSEK 109MSEK 94.0MSEK 67.7MSEK 36.8M
EBITDASEK 192MSEK 237MSEK 210MSEK 105MSEK 78.3M
Net incomeSEK 7.92MSEK 42.5MSEK 45.0MSEK 5.04MSEK 20.1M
Free cash flowSEK 26.3MSEK 130MSEK 160MSEK 78.2M-SEK 36.0M
Capital expenditureSEK 116MSEK 89.5MSEK 106MSEK 60.5MSEK 46.9M
Total debtSEK 238MSEK 189MSEK 204MSEK 236MSEK 200M

Quarterly statements and history in the cockpit →

Haypp competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%-10%0%80756033509878BXCJCQ7613ALBOUWJX12239937605169301279TITN3009500001519902AOJ-B300836HAYPP.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Haypp is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×60×6033509878BXCJCQ7613000151AOJ-B300836HAYPP.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Haypp is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%80759878BXCJCQ7613ALBOUWJX605169SALIXTITN3009509902HAYPP.STGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Haypp is the large dot.

Haypp competitors and peer comparison

How Haypp compares with its peers

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.

Haypp against its 20 peers (data as of 6 Nov 2026)
MeasureHAYPP.STPeer medianRank 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 margin1.3%3.5%5th lowest of 21
Forward P/E73.5×12.4×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 pp2nd most demanding of 16
ROIC minus cost of capital-1.6 pp-0.8 pp11th highest of 21
Net debt / EBITDA1.1×2.6×7th least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Haypp HAYPP.STSweden$485M+5%+16%1%73.5×35.0%+17.4%
Shinsho 8075.TJapan$485M+24%+4%2%n/a-3.3%-5.0%
Ananda Drive Techniques (Shanghai) 603350.SSChina$481M-21%+6%4%22.4×n/an/a
Huitongda Network 9878.HKHong Kong$480M-6%+3%1%9.2×-5.1%+0.3%
BlueLinx BXCUnited States$477M+16%+4%1%47.7×13.3%-0.9%
Jacquet Metals JCQ.PAFrance$493M-4%-2%3%12.9×1.4%+6.2%
Siix 7613.TJapan$471M+23%0%3%8.8×-8.8%+9.8%
Bourrelier ALBOU.PAFrance$468M+36%+3%3%n/a11.5%+1.1%
Wajax WJX.TOCanada$503M+11%-4%6%9.8×-6.8%+8.6%
Symphony 1223.HKHong Kong$467M-12%+9%1%n/an/an/a
National Petroleum 9937.TWTaiwan$508M-4%-3%4%n/a-0.2%+4.2%
Xinjiang Hongtong Natural Gas 605169.SSChina$514M-4%-5%6%n/a6.6%+31.5%
Zhejiang Jindao Technology 301279.SZChina$516M-9%+12%10%n/an/an/a
Salix SALIX.STSweden$521Mn/a+15%8%n/a1.1%+14.7%
Titan Machinery TITNUnited States$521M+3%-11%0%n/a-11.7%+11.5%
Doright 300950.SZChina$522M-24%+9%7%n/a37.0%+17.4%
China National Complete Plant Import & Export 000151.SZChina$524M-16%+16%1%45.2×n/an/a
Nichiden 9902.TJapan$532M+22%+9%5%n/a-3.8%+6.5%
Brdr A & O Johansen A/S AOJ-B.CODenmark$439M+17%+12%5%11.8×0.7%+8.4%
Kunshan TopA Intelligent Equipment 300836.SZChina$534M-36%+111%10%24.0×n/an/a
Groupe Samse SAMS.PAFrance$439M-5%-2%2%8.5×5.9%+5.0%

Questions

Which companies are Haypp's closest peers?
The cockpit's peer set: Shinsho (8075.T), Ananda Drive Techniques (Shanghai) (603350.SS), Huitongda Network (9878.HK), BlueLinx (BXC), Jacquet Metals (JCQ.PA), Siix (7613.T), Bourrelier (ALBOU.PA), Wajax (WJX.TO).
Is Haypp expensive compared with its peers?
On forward p/e it trades at 73.5× against a peer median of 12.4×, most expensive of 11 in its peer set. 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.
How has Haypp stock performed?
Over six months to 6 Nov 2026 the shares returned +5.0% against -3.8% for the median peer; over one year -5.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.