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European manufacturer and installer of windows and doors, operating a portfolio of local brands across the Nordics and Europe.
European manufacturer and installer of windows and doors, operating a portfolio of local brands across the Nordics and Europe.
Sells through local brands that each have their own showrooms, installers and dealers, so revenue combines manufacturing margin with installation, and demand follows renovation spending more than new building. Growth has come largely by buying regional window makers and letting them keep their local brand names.
In one line: A European windows/doors group like a smaller Andersen Corporation.
Moat: narrow (brand, distribution, scale). Portfolio of strong local brands and installation networks across markets, in a fragmented, competitive category.
Headquarters: Malmo, Sweden · Founded: 1979 · Employees: 4,600
Size Inwido (INWI.ST) is a Sweden Materials company (Forest Products) with a market value of $1.16B, the 126th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 196.50 on 6 Nov 2026.
Performance Over six months the shares gained 39.2%, against -11.1% for the median peer and +8.2% for the Sweden market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +2.0%); the operating margin is 10.2% (peer median 5.3%).
Valuation It trades at 16.9× forward earnings against a peer median of 28.1× (5th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points above its cost of capital (7.1% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 9.97B | SEK 9.00B | SEK 8.84B | SEK 8.97B | SEK 9.55B |
| Revenue growth | — | +2% | -1% | -6% | — |
| Gross profit | SEK 2.50B | SEK 2.18B | SEK 2.17B | SEK 2.23B | SEK 2.29B |
| EBITDA | SEK 1.44B | SEK 1.31B | SEK 1.27B | SEK 1.30B | SEK 1.34B |
| Net income | SEK 577M | SEK 514M | SEK 538M | SEK 679M | SEK 796M |
| Free cash flow | SEK 788M | SEK 658M | SEK 595M | SEK 879M | SEK 887M |
| Capital expenditure | SEK 325M | SEK 270M | SEK 366M | SEK 308M | SEK 191M |
| Total debt | SEK 3.59B | SEK 2.80B | SEK 2.28B | SEK 2.19B | SEK 2.11B |
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 | INWI.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.4% | -5.6% | 3rd highest of 21 |
| 6-month return | +39.2% | -11.1% | 2nd highest of 21 |
| Distance from 52-week high | -0.2% | -37.3% | highest of 21 |
| Revenue growth (TTM) | +10.9% | +2.0% | 6th highest of 21 |
| Operating margin | 10.2% | 5.3% | 5th highest of 21 |
| Forward P/E | 16.9× | 28.1× | 5th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 2.5% | 20.6% | 5th least demanding of 12 |
| Growth delivered (Del g) | +6.1% | +6.5% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | -3.7 pp | +13.1 pp | 5th least demanding of 12 |
| ROIC minus cost of capital | +2.2 pp | -4.4 pp | 5th highest of 21 |
| EV / EBITDA | 9.9× | 11.7× | 6th cheapest of 11 |
| Net debt / EBITDA | 2.0× | 1.6× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Inwido INWI.ST | Sweden | $1.16B | +39% | +11% | 10% | 16.9× | 2.5% | +6.1% |
| Sakata Seed 1377.T | Japan | $1.13B | +2% | +12% | 11% | 16.2× | 0.2% | +8.5% |
| Canfor CFP.TO | Canada | $1.22B | +17% | +2% | -1% | n/a | n/a | n/a |
| Vohringer Home Technology 603226.SS | China | $1.30B | -38% | -3% | -40% | n/a | n/a | n/a |
| Der Future Science & Technology 002631.SZ | China | $1.04B | +10% | -26% | -23% | n/a | n/a | n/a |
| XIAMEN WANLI STONE STOCK 002785.SZ | China | $1.03B | -40% | -33% | -7% | 47.6× | n/a | n/a |
| Jilin Quanyangquan 600189.SS | China | $897M | +1% | +9% | 11% | 109.0× | 16.6% | -1.7% |
| Dehua TB New Decoration Material 002043.SZ | China | $1.60B | -10% | +4% | 9% | 15.2× | -1.3% | +6.6% |
| Bunka Shutter 5930.T | Japan | $779M | -1% | +3% | 6% | n/a | -12.9% | +6.4% |
| Zhejiang Tianzhen Technology 301356.SZ | China | $713M | -7% | +2% | 4% | 26.0× | 27.5% | -7.1% |
| Zhongfu Straits (Pingtan) Development 000592.SZ | China | $1.93B | -38% | -29% | -37% | n/a | 25.3% | +1.5% |
| Interfor IFP.TO | Canada | $634M | +42% | -7% | 1% | 59.2× | n/a | n/a |
| Mengtian Home 603216.SS | China | $607M | -39% | -5% | 3% | 62.7× | 39.4% | -2.6% |
| Stylam Industries STYLAMIND.NS | India | $563M | +19% | +10% | 18% | 28.1× | n/a | n/a |
| Greenlam Industries GREENLAM.NS | India | $550M | -11% | +20% | 7% | 34.9× | 28.3% | +20.7% |
| Stella-Jones SJ.TO | Canada | $2.56B | -12% | +2% | 13% | 11.8× | -9.1% | +6.5% |
| Dongguan HuaLi Industries 603038.SS | China | $498M | -27% | +15% | 6% | n/a | 20.6% | +7.5% |
| Dare Power Dekor Home 000910.SZ | China | $414M | -26% | -4% | -9% | 7.4× | n/a | n/a |
| Responsive Industries RESPONIND.NS | India | $391M | -24% | -13% | 10% | n/a | 42.5% | +13.0% |
| Suncha Technology 001211.SZ | China | $387M | -14% | +18% | 0% | n/a | n/a | n/a |
| Newtechwood 301588.SZ | China | $376M | -39% | +20% | 7% | n/a | n/a | n/a |