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Swedish maker of high-precision assembly (pick-and-place) equipment and mask-writing lithography systems for chip/display makers.
Swedish maker of high-precision assembly (pick-and-place) equipment and mask-writing lithography systems for chip/display makers.
Sells expensive machines, so revenue arrives in lumps tied to customers' investment cycles, with servicing and upgrades of the installed base giving a steadier layer. Mask writers, which print the master patterns used to make displays and chips, are a high-value niche with few suppliers; assembly equipment for electronics factories is the other main business.
In one line: A Swedish niche semiconductor/display equipment maker, no direct large US peer.
Moat: narrow (IP / patents, process know-how, customer qualification). Niche leadership in mask-writing lithography for displays/semiconductors, a highly specialized technology.
Headquarters: Taby, Sweden · Founded: 1970 · Employees: 2,591
Size Mycronic (MYCR.ST) is a Sweden Industrials company (Industrial Machinery) with a market value of $5.57B, the 44th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 278.80 on 6 Nov 2026.
Performance Over six months the shares fell 3.9%, against -6.7% for the median peer and +8.2% for the Sweden market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +14.2%); the operating margin is 28.7% (peer median 13.1%).
Valuation It trades at 24.9× forward earnings against a peer median of 19.9× (8th most expensive of 20).
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 +16%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 29.1 points above its cost of capital (8.4% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 9.30B | SEK 8.00B | SEK 7.07B | SEK 5.68B | SEK 5.06B |
| Revenue growth | — | +13% | +24% | +12% | — |
| Gross profit | SEK 5.02B | SEK 4.09B | SEK 3.60B | SEK 2.70B | SEK 2.09B |
| EBITDA | SEK 3.06B | SEK 2.46B | SEK 2.30B | SEK 1.41B | SEK 922M |
| Net income | SEK 1.99B | SEK 1.56B | SEK 1.68B | SEK 998M | SEK 741M |
| Free cash flow | n/a | SEK 1.32B | SEK 1.75B | SEK 1.50B | SEK 746M |
| Capital expenditure | n/a | SEK 179M | SEK 245M | SEK 194M | SEK 149M |
| Total debt | SEK 415M | SEK 348M | SEK 220M | SEK 228M | SEK 270M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Mycronic MYCR.ST | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% |
| ASML ASML.AS | $550B | -6% | +23% | 39% | 31.1× | 28.9% |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
| Fuji 6134.T | $2.85B | -23% | +45% | 20% | 9.9× | n/a |
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 | MYCR.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.5% | -5.6% | 5th lowest of 21 |
| 6-month return | -3.9% | -6.7% | 10th highest of 20 |
| Distance from 52-week high | -23.5% | -23.8% | 10th highest of 21 |
| Revenue growth (TTM) | +16.6% | +14.2% | 9th highest of 21 |
| Operating margin | 28.7% | 13.1% | 4th highest of 21 |
| Forward P/E | 24.9× | 19.9× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 10.1% | 11.2% | 7th least demanding of 16 |
| Growth delivered (Del g) | +15.6% | +9.1% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | -5.6 pp | +2.0 pp | 6th least demanding of 16 |
| ROIC minus cost of capital | +29.1 pp | +3.8 pp | 2nd highest of 21 |
| EV / EBITDA | 16.9× | 12.6× | 7th most expensive of 15 |
| Net debt / EBITDA | -0.9× | 0.9× | 5th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mycronic MYCR.ST | Sweden | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% | +15.6% |
| Georg Fischer GF.SW | Switzerland | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% | -1.2% |
| Enpro NPO | United States | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% | +1.3% |
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% | +20.0% |
| Rotork ROR.L | United Kingdom | $5.40B | +65% | +2% | 24% | 27.9× | 27.6% | +5.2% |
| LandMark Optoelectronics 3081.TWO | Taiwan | $5.38B | -32% | +105% | 38% | 54.3× | n/a | n/a |
| Valmet VALMT.HE | Finland | $5.97B | +30% | +3% | 10% | 13.8× | 2.1% | +6.8% |
| ESAB ESAB | United States | $5.15B | -18% | +11% | 13% | 14.0× | 12.7% | +7.8% |
| Airtac International 1590.TW | Taiwan | $6.11B | -30% | +23% | 33% | 15.8× | 5.0% | +12.4% |
| Welspun WELCORP.NS | India | $6.13B | +70% | +14% | 12% | 25.5× | 24.9% | +19.0% |
| Kion KGX.DE | Germany | $5.05B | -25% | +3% | 6% | 10.4× | n/a | n/a |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 17.8× | -4.5% | +15.3% |
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |
| Horiba 6856.T | Japan | $4.79B | -17% | +12% | 17% | 14.4× | 11.2% | +12.2% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| UBTECH ROBOTICS 9880.HK | Hong Kong | $4.73B | -41% | +90% | -21% | n/a | n/a | n/a |
| AAON AAON | United States | $4.72B | -59% | +54% | 11% | 20.7× | n/a | n/a |
| Hangcha 603298.SS | China | $4.71B | -12% | +7% | 12% | 13.3× | 2.9% | +9.1% |