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Nordic distributor of industrial automation, electrical and hydraulic components sourced from many manufacturers for industrial customers.
Nordic distributor of industrial automation, electrical and hydraulic components sourced from many manufacturers for industrial customers.
Buys components from manufacturers and resells them with engineering advice, earning the resale margin; much of the business rests on long distribution agreements with the suppliers whose brands it carries. It has been extended by buying small niche distributors.
In one line: A Nordic industrial-components distributor like a smaller Applied Industrial Technologies.
Moat: narrow (distribution, scale, customer qualification). Broad supplier relationships and technical sales support create a value-added distribution moat versus pure resellers.
Headquarters: Tranas, Sweden · Founded: 1974 · Employees: 1,057
Size OEM International (OEM-B.ST) is a Sweden Industrials company (Wholesale Distributors) with a market value of $2.34B, the 72nd largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 165.00 on 6 Nov 2026.
Performance Over six months the shares gained 11.3%, against +0.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +6.6%); the operating margin is 14.7% (peer median 5.5%).
Valuation It trades at 29.9× forward earnings against a peer median of 15.2× (2nd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +4 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 14.7 points above its cost of capital (7.9% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 5.94B | SEK 5.32B | SEK 5.24B | SEK 5.14B | SEK 4.73B |
| Revenue growth | — | +1% | +2% | +9% | — |
| Gross profit | SEK 871M | SEK 752M | SEK 757M | SEK 781M | SEK 733M |
| EBITDA | SEK 1.03B | SEK 864M | SEK 864M | SEK 874M | SEK 821M |
| Net income | SEK 708M | SEK 593M | SEK 606M | SEK 607M | SEK 576M |
| Free cash flow | SEK 304M | SEK 705M | SEK 662M | SEK 745M | SEK 244M |
| Capital expenditure | SEK 350M | SEK 65.0M | SEK 35.0M | SEK 54.3M | SEK 21.4M |
| Total debt | SEK 181M | SEK 110M | SEK 140M | SEK 147M | SEK 377M |
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 |
|---|---|---|---|---|---|---|
| OEM International OEM-B.ST | $2.34B | +11% | +11% | 15% | 29.9× | 14.6% |
| Applied Industrial Technologies AIT | $10.3B | -8% | +8% | 11% | 23.0× | 8.6% |
| Addtech ADDT-B.ST | $8.66B | -2% | +4% | 13% | 30.7× | 19.3% |
| Indutrade INDT.ST | $9.94B | +39% | +6% | 12% | 28.6× | 18.4% |
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 | OEM-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -5.4% | 10th highest of 21 |
| 6-month return | +11.3% | +0.4% | 6th highest of 21 |
| Distance from 52-week high | -13.2% | -23.4% | 5th highest of 21 |
| Revenue growth (TTM) | +11.1% | +6.6% | 6th highest of 21 |
| Operating margin | 14.7% | 5.5% | 4th highest of 19 |
| Forward P/E | 29.9× | 15.2× | 2nd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 14.6% | 4.6% | 3rd most demanding of 20 |
| Growth delivered (Del g) | +10.1% | +5.9% | 7th highest of 20 |
| Hurdle (Req g minus delivered) | +4.5 pp | -1.9 pp | 6th most demanding of 20 |
| ROIC minus cost of capital | +14.7 pp | +0.3 pp | 2nd highest of 19 |
| EV / EBITDA | 22.1× | 8.9× | most expensive of 13 |
| Net debt / EBITDA | -0.2× | 2.2× | 3rd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| OEM International OEM-B.ST | Sweden | $2.34B | +11% | +11% | 15% | 29.9× | 14.6% | +10.1% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 7.8× | -4.2% | +8.8% |
| DNOW DNOW | United States | $2.40B | +2% | +70% | -3% | 23.6× | 9.8% | +11.7% |
| Boise Cascade BCC | United States | $2.44B | -1% | +1% | 3% | 24.1× | 7.7% | +3.2% |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 20.7× | 6.6% | +14.9% |
| Xinhua Winshare Publishing & Media 601811.SS | China | $2.52B | +26% | -4% | 7% | 15.2× | -11.4% | +5.4% |
| Bufab BUFAB.ST | Sweden | $2.55B | +16% | +8% | 13% | 29.2× | 18.7% | +11.2% |
| Workman 7564.T | Japan | $2.57B | -31% | +21% | 19% | 17.1× | 4.6% | +8.7% |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | n/a | 44.5% | +2.3% |
| IWATANI 8088.T | Japan | $2.73B | -4% | +5% | 5% | 7.6× | 4.3% | +10.1% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% | -2.2% |
| Marco Polo 001386.SZ | China | $2.80B | -15% | -12% | 21% | n/a | -7.2% | -5.5% |
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 15.2× | -8.2% | +4.5% |
| Jiangsu Azure 002245.SZ | China | $2.82B | -21% | +27% | 12% | 14.6× | 11.8% | +13.8% |
| Dalrymple Bay Infrastructure DBI.AX | Australia | $1.92B | +6% | +11% | 29% | 26.2× | 7.8% | +104.8% |
| Inchcape INCH.L | United Kingdom | $2.87B | -21% | +7% | 6% | 7.5× | -6.0% | +5.9% |
| ARE 5857.T | Japan | $1.89B | +1% | +38% | 7% | 9.3× | 2.0% | +29.4% |
| Travis Perkins TPK.L | United Kingdom | $1.86B | +28% | 0% | 3% | 23.2× | 8.5% | +4.3% |
| Jiangxi Tungsten Rare and Precious Equipment 600397.SS | China | $1.86B | -13% | -92% | n/a | 156.9× | n/a | n/a |
| Pengxin International Mining 600490.SS | China | $1.85B | -32% | -20% | n/a | n/a | 6.6% | -17.2% |
| Nagase & 8012.T | Japan | $2.96B | -9% | +8% | 5% | 10.9× | 3.5% | +3.2% |