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← CockpitCompetitor Analysis › MMGR-B.ST Momentum Group AB Class BOpen in the cockpit ↗

Momentum Group AB Class BMMGR-B.STCompetitor analysis, valuation and peers

Sweden · SEK·Industrials›Wholesale Distributors
Momentum neutral 45
Mkt cap
$650M
US dollars, full cap
Free float
66%
of shares outstanding
$/day
$1.49M
20-day average traded
Fwd P/E
29.4×
forward earnings
ROIC−WACC
+8.4 pp
WACC 5.7%
Hurdle
-17 pp
Req g minus delivered
Next earnings
105 days
19 Feb 2027
Close · SEKSEK 130.40
1D-1.1%
1W+1.7%
1M+5.2%
3M-9.4%
6M+13.8%
YTD-15.2%
1Y-18.6%
ATR %2.8%
52w lowhigh19.4% off high

What Momentum does

Employees: 907

Momentum at a glance

Size Momentum (MMGR-B.ST) is a Sweden Industrials company (Wholesale Distributors) with a market value of $650M, the 160th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 130.40 on 6 Nov 2026.

Performance Over six months the shares gained 13.8%, against -10.8% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 5.5% over the last twelve months (peer median +4.7%); the operating margin is 9.5% (peer median 5.3%).

Valuation It trades at 29.4× forward earnings against a peer median of 12.8× (3rd most expensive of 15).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -17 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 8.4 points above its cost of capital (5.7% WACC).

Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026MMGR-B.ST 115Peer median 90
Six months, rebased to 100: Momentum against the median of its 20 peers (local-currency closes).

Momentum financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 3.22BSEK 3.10BSEK 2.87BSEK 2.30BSEK 1.74B
Revenue growth—+8%+25%+32%—
Gross profitSEK 431MSEK 277MSEK 271MSEK 442MSEK 344M
EBITDASEK 483MSEK 445MSEK 415MSEK 337MSEK 259M
Net incomeSEK 204MSEK 187MSEK 178MSEK 170MSEK 137M
Free cash flowSEK 404MSEK 330MSEK 314MSEK 248MSEK 130M
Capital expenditureSEK 16.0MSEK 18.0MSEK 10.0MSEK 12.0MSEK 5.00M
Total debtSEK 727MSEK 622MSEK 486MSEK 561MSEK 198M

Quarterly statements and history in the cockpit →

Momentum 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%0%+20%THEP688320DBM81590013166033258125000652603353ADENMTG301052ALLIGO-B60106180618117SGLLV0013769824MMGR-B.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Momentum is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%+40%20×40×THEP688320DBM8159001316ADENMTG301052601061SGLLVMMGR-B.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Momentum is the large dot.

Capital: growth delivered against growth the price implies

-20%-10%0%+10%+20%-20%0%20%THEPDBM81590013168125ADENMTGALLIGO-B60106181170013769824MMGR-B.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. Momentum is the large dot.

Momentum competitors and peer comparison

How Momentum 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.

Momentum against its 20 peers (data as of 6 Nov 2026)
MeasureMMGR-B.STPeer medianRank in peer set
1-month return+5.2%-5.3%4th highest of 21
6-month return+13.8%-10.8%6th highest of 21
Distance from 52-week high-19.4%-22.8%9th highest of 21
Revenue growth (TTM)+5.5%+4.7%10th highest of 21
Operating margin9.5%5.3%6th highest of 21
Forward P/E29.4×12.8×3rd most expensive of 15
Growth the price implies (Req g, 7 yrs)3.8%-0.6%3rd most demanding of 15
Growth delivered (Del g)+21.2%+11.0%highest of 15
Hurdle (Req g minus delivered)-17.5 pp-11.9 pp5th least demanding of 15
ROIC minus cost of capital+8.4 pp-0.0 pp5th highest of 21
EV / EBITDA14.7×7.2×2nd most expensive of 11
Net debt / EBITDA1.4×0.3×4th most indebted of 12

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
Momentum MMGR-B.STSweden$650M+14%+6%10%29.4×3.8%+21.2%
Thermador Groupe THEP.PAFrance$646M-9%+8%12%11.7×-2.4%+4.9%
Zhejiang He Chuan Technology 688320.SSChina$638M-15%+45%-10%46.2×n/an/a
Doman Building Materials DBM.TOCanada$633M-1%+2%5%13.6×2.0%+14.1%
Tachibana Eletech 8159.TJapan$629M+43%+10%4%12.2×3.0%+7.1%
Lubair Aviation Technology 001316.SZChina$672M-25%+32%20%17.5×-0.8%+11.0%
Shanghai Bloom Technology 603325.SSChina$628M-19%-34%14%n/an/an/a
Wakita & 8125.TJapan$621M+4%+4%6%n/a0.1%+4.7%
Tianjin TEDA Resources Recycling 000652.SZChina$683M-27%-66%3%n/an/an/a
Hunan Heshun Petroleum 603353.SSChina$684M-38%-10%-2%n/an/an/a
ADENTRA ADEN.TOCanada$610M+2%+1%4%9.1×-0.4%+20.3%
Meier Tobler MTG.SWSwitzerland$610M+41%+2%4%22.6×5.5%+0.4%
Guomai Culture & Media 301052.SZChina$603M+26%-34%-19%29.4×n/an/a
CITIC Niya Wine 600084.SSChina$701M-22%+5%-17%n/an/an/a
Alligo ALLIGO-B.STSweden$600M-15%+5%6%13.2×0.5%+9.7%
CITIC Metal 601061.SSChina$706M-32%+19%1%12.4×-22.1%+13.0%
Seika 8061.TJapan$594M-13%+12%8%12.2×4.2%+8.6%
Central Automotive Products 8117.TJapan$716M+7%+14%24%11.2×-3.4%+11.1%
Ricegrowers SGLLV.AXAustralia$730M+24%-2%6%19.8×-4.4%+12.0%
Jiangxi Bestoo Energy 001376.SZChina$734M-34%+10%22%n/a-2.1%+17.4%
Senshu Electric 9824.TJapan$736M+17%+13%7%12.4×-5.1%+12.8%

Questions

Which companies are Momentum's closest peers?
The cockpit's peer set: Thermador Groupe (THEP.PA), Zhejiang He Chuan Technology (688320.SS), Doman Building Materials (DBM.TO), Tachibana Eletech (8159.T), Lubair Aviation Technology (001316.SZ), Shanghai Bloom Technology (603325.SS), Wakita & (8125.T), Tianjin TEDA Resources Recycling (000652.SZ).
Is Momentum expensive compared with its peers?
On forward p/e it trades at 29.4× against a peer median of 12.8×, 3rd most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -17 pp: the price already allows for a slowdown.
How has Momentum stock performed?
Over six months to 6 Nov 2026 the shares returned +13.8% against -10.8% for the median peer; over one year -18.6%.

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.