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Employees: 2,387
Size Nederman (NMAN.ST) is a Sweden Industrials company (Industrial Machinery) with a market value of $512M, the 177th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 143.00 on 6 Nov 2026.
Performance Over six months the shares gained 21.8%, against -25.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 6.0% over the last twelve months (peer median +7.1%); the operating margin is 7.6% (peer median 3.3%).
Valuation It trades at 20.7× forward earnings against a peer median of 12.8× (2nd most expensive of 6).
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 +9%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points above its cost of capital (6.4% WACC).
Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 5.54B | SEK 5.78B | SEK 5.90B | SEK 6.19B | SEK 5.18B |
| Revenue growth | — | -2% | -5% | +19% | — |
| Gross profit | SEK 2.17B | SEK 2.18B | SEK 2.23B | SEK 2.15B | SEK 1.79B |
| EBITDA | SEK 714M | SEK 816M | SEK 847M | SEK 860M | SEK 675M |
| Net income | SEK 224M | SEK 274M | SEK 345M | SEK 341M | SEK 329M |
| Free cash flow | SEK 291M | SEK 260M | SEK 434M | SEK 472M | SEK 275M |
| Capital expenditure | SEK 182M | SEK 226M | SEK 265M | SEK 196M | SEK 171M |
| Total debt | SEK 2.66B | SEK 2.48B | SEK 2.48B | SEK 2.12B | SEK 2.13B |
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 | NMAN.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.8% | -10.2% | highest of 21 |
| 6-month return | +21.8% | -25.4% | 2nd highest of 21 |
| Distance from 52-week high | -17.1% | -49.2% | highest of 21 |
| Revenue growth (TTM) | -6.0% | +7.1% | 7th lowest of 21 |
| Operating margin | 7.6% | 3.3% | 9th highest of 21 |
| Forward P/E | 20.7× | 12.8× | 2nd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 4.4% | 10.9% | 4th least demanding of 12 |
| Growth delivered (Del g) | +9.5% | +5.5% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -5.1 pp | +17.2 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +0.6 pp | -3.9 pp | 6th highest of 21 |
| EV / EBITDA | 9.9× | 36.0× | 3rd cheapest of 7 |
| Net debt / EBITDA | 2.9× | -0.8× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nederman NMAN.ST | Sweden | $512M | +22% | -6% | 8% | 20.7× | 4.4% | +9.5% |
| IQE IQE.L | United Kingdom | $514M | -39% | +20% | -11% | n/a | n/a | n/a |
| Hyster-Yale HY | United States | $509M | -24% | -11% | -1% | n/a | 32.0% | +6.0% |
| Wuxi Chemical Equipment 001332.SZ | China | $517M | -50% | -10% | 11% | n/a | 10.2% | +7.3% |
| Daiwa 6459.T | Japan | $507M | -19% | 0% | 15% | n/a | n/a | n/a |
| Sinko Industries 6458.T | Japan | $507M | -8% | +2% | 15% | 11.6× | -1.4% | +8.7% |
| Zhejiang Galaxis Technology 2729.HK | Hong Kong | $518M | -74% | +26% | -4% | n/a | n/a | n/a |
| Shenzhen Jasic Technology 300193.SZ | China | $506M | -17% | +21% | 14% | n/a | -0.1% | +4.5% |
| Beijing SinoHytec 2402.HK | Hong Kong | $519M | -56% | +82% | -204% | n/a | n/a | n/a |
| Hefei Taihe Intelligent Technology 603656.SS | China | $505M | -6% | +15% | 5% | n/a | 30.5% | +5.5% |
| Suzhou Thvow Technology 002564.SZ | China | $521M | -33% | -9% | 4% | n/a | 27.5% | -19.9% |
| Shandong Shuangyi Technology 300690.SZ | China | $521M | -26% | +15% | 15% | 19.1× | 10.9% | -6.3% |
| Guangdong Jinma Entertainment 300756.SZ | China | $521M | -59% | -8% | 0% | 21.5× | n/a | n/a |
| HNAC Technology 300490.SZ | China | $525M | -57% | +79% | 0% | n/a | n/a | n/a |
| Zhejiang Fengmao Technology 301459.SZ | China | $500M | -13% | +4% | 8% | 12.8× | n/a | n/a |
| Genbyte Technology 003028.SZ | China | $499M | -16% | +10% | 1% | 8.7× | -15.9% | +6.6% |
| Fujian Raynen Technology 603933.SS | China | $526M | -31% | +29% | 3% | n/a | n/a | n/a |
| BGRIMM Technology 600980.SS | China | $499M | -25% | +13% | 11% | n/a | 12.9% | +19.1% |
| Cashway Fintech 603106.SS | China | $526M | -24% | -36% | 8% | n/a | n/a | n/a |
| Wuxi Xuelang Environmental Technology 300385.SZ | China | $499M | -38% | -23% | -47% | n/a | 9.5% | -22.0% |
| Sunyes Manufacturing (Zhejiang) 002388.SZ | China | $499M | +32% | 0% | 2% | n/a | 25.0% | -1.1% |