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← CockpitCompetitor Analysis › ROKO-B.ST Roko AB Class BOpen in the cockpit ↗

Roko AB Class BROKO-B.STCompetitor analysis, valuation and peers

Sweden · SEK·Financials›Financial Conglomerates

Swedish holding company that acquires and permanently owns small and medium-sized profitable businesses across Europe.

≈ A Nordic compounder/serial acquirer similar to Lifco or IndutradeMomentum strong 61
Mkt cap
$2.97B
US dollars, full cap
Free float
61%
of shares outstanding
$/day
$3.19M
20-day average traded
P/B
4.58×
price to book
ROE
14.5%
delivered
Implied ROE
12.3%
what the price asks
Next earnings
90 days
4 Feb 2027
Close · SEKSEK 1,990
1D-1.2%
1W-2.7%
1M+6.2%
3M+4.3%
6M+13.7%
YTD+14.6%
1Y+8.4%
ATR %3.1%
52w lowhigh8.3% off high

What Roko does

Swedish holding company that acquires and permanently owns small and medium-sized profitable businesses across Europe.

In one line: A Nordic compounder/serial acquirer similar to Lifco or Indutrade.

Products and services

  • Portfolio of acquired niche businesses (various industries)

Customers

  • End customers of its various portfolio businesses

Where it sits in the supply chain

  • Financials
  • Diversified holding company
  • Buy-and-hold acquisition of niche SMEs

What could go right

  • Deal flow of profitable SME acquisitions
  • Decentralized operating model discipline

What could go wrong

  • Overpaying in competitive M&A market
  • Integration/governance risk across many units

Moat: narrow (scale, distribution). Decentralized ownership of many niche, market-leading small businesses, each with its own local moat.

Headquarters: Stockholm, Sweden · Founded: 2019 · Employees: 1,582

Named competitors

Roko at a glance

Size Roko (ROKO-B.ST) is a Sweden Financials company (Financial Conglomerates) with a market value of $2.97B, the 61st largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 1,990 on 6 Nov 2026.

Performance Over six months the shares gained 13.7%, against +5.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 20.3% over the last twelve months (peer median +18.3%); the operating margin is 18.2% (peer median 31.6%).

Valuation It trades at 4.58× book value against a peer median of 0.94× (most expensive of 20).

Price implies The share price implies a return on equity of about 12.3%; Roko delivers 14.5%, so the price asks less than the business earns today.

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026ROKO-B.ST 112Peer median 108
Six months, rebased to 100: Roko against the median of its 20 peers (local-currency closes).

Roko financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 7.75BSEK 6.45BSEK 6.18BSEK 5.61BSEK 4.32B
Revenue growth—+4%+10%+30%—
Gross profitSEK 3.51BSEK 2.63BSEK 2.38BSEK 2.21BSEK 1.52B
EBITDASEK 1.89BSEK 1.58BSEK 1.43BSEK 1.29BSEK 982M
Net incomeSEK 863MSEK 755MSEK 702MSEK 541MSEK 386M
Free cash flowSEK 1.25BSEK 1.02BSEK 1.04BSEK 862MSEK 466M
Capital expenditureSEK 79.0MSEK 67.0MSEK 70.0MSEK 93.0MSEK 50.0M
Total debtSEK 3.40BSEK 4.20BSEK 4.06BSEK 4.01BSEK 5.02B

Quarterly statements and history in the cockpit →

Roko 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

-20%0%+20%-20%0%KYIVASSTGBDC600032BIONPURRBURE3396FMONCMFKINV-ACGEOSTOR-BINDIGRIDAIILTIPZEGMAINOBDC8YZROKO-B.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Roko is the large dot.

Fundamentals: return on equity against price-to-book

-150%-100%-50%0%50%20×40×KYIVASSTGBDC600032BIONPURR3396MFKINV-AINDIGRIDMAINROKO-B.STReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Roko is the large dot.

Capital: ROE delivered against the ROE the price implies

-150%-100%-50%0%50%-100%0%KYIVASSTGBDC600032BIONBUREKINV-AAIILROKO-B.STROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Roko is the large dot.

Roko competitors and peer comparison

Head to head with its named competitors (ROKO-B.ST vs LIFCO-B.ST vs INDT.ST vs ADDT-B.ST)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Roko ROKO-B.ST$2.97B+14%+20%15%4.58×12.3%
Lifco LIFCO-B.ST$13.1B+1%+7%19%5.87×42.2%
Indutrade INDT.ST$9.94B+39%+6%16%5.09×43.2%
Addtech ADDT-B.ST$8.66B-2%+4%30%10.00×76.9%
Bure Equity BURE.ST$2.30B+12%-3%22%0.88×9.2%

How Roko 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.

Roko against its 20 peers (data as of 6 Nov 2026)
MeasureROKO-B.STPeer medianRank in peer set
1-month return+6.2%+4.5%6th highest of 21
6-month return+13.7%+5.4%8th highest of 21
Return on equity14.5%5.3%7th highest of 20
Price / book4.58×0.94×most expensive of 20
Trailing P/E33.7×17.9×4th most expensive of 17
ROE the price implies12.3%9.2%8th most demanding of 20
ROE delivered14.5%4.9%7th highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Roko ROKO-B.STSweden$2.97B+14%+20%15%4.58×12.3%14.5%
Kyivstar KYIVUnited States$2.96B-4%+26%20%2.13×18.0%20.2%
Strive ASSTUnited States$2.73B+35%+650%-138%2.72×48.9%-137.9%
Golub Capital BDC GBDCUnited States$3.31B-3%-9%4%0.89×6.7%4.5%
Zhejiang Provincial New Energy Investment 600032.SSChina$2.59B-27%-6%2%1.31×8.5%2.3%
BB Biotech BION.SWSwitzerland$3.45B+13%+125%39%0.87×4.6%38.7%
Hyperliquid Strategies PURRUnited States$2.45B+104%n/a34%0.94×18.9%33.9%
Bure Equity BURE.STSweden$2.30B+12%-3%22%0.88×9.2%21.8%
Legend 3396.HKHong Kong$4.03B+34%+27%5%0.49×5.9%4.6%
Financiere Moncey FMONC.PAFrance$2.19B-21%n/a0%0.95×8.1%0.2%
Wendel MF.PAFrance$4.14B0%-13%-4%1.11×12.4%-3.9%
Kinnevik KINV-A.STSweden$2.04B+27%+675%-23%0.72×7.6%-22.9%
Georgia Capital CGEO.LUnited Kingdom$2.03B+20%n/a32%0.94×10.4%31.7%
Storskogen STOR-B.STSweden$1.97B+25%+2%5%0.88×9.0%5.3%
IndiGrid Infrastructure Trust INDIGRID.NSIndia$1.72B-1%+52%7%2.69×20.1%n/a
Authum Investment & Infrastucture AIIL.NSIndia$5.14B+16%-23%10%2.59×37.9%10.0%
Tamburi Investment Partners TIP.MIItaly$1.72B+5%+353%0%0.96×10.0%0.0%
Zegona Communications ZEG.LUnited Kingdom$5.17B-5%+55%n/an/an/an/a
Main Street Capital MAINUnited States$5.33B+6%+3%15%1.68×12.3%14.9%
Blue Owl Capital OBDCUnited States$5.39B-4%+1%4%0.77×7.1%3.9%
Yangzijiang Maritime Development 8YZ.SISingapore$1.59B-14%+18%7%0.94×3.5%6.9%

Questions

Who are Roko's main competitors?
Named competitors: Lifco (LIFCO-B.ST), Indutrade (INDT.ST), Addtech (ADDT-B.ST), Bure Equity (BURE.ST). The cockpit's measured peer set (industry) also includes Kyivstar (KYIV), Strive (ASST), Golub Capital BDC (GBDC), Zhejiang Provincial New Energy Investment (600032.SS), BB Biotech (BION.SW), Hyperliquid Strategies (PURR).
Is Roko expensive compared with its peers?
On price / book it trades at 4.58× against a peer median of 0.94×, most expensive of 20 in its peer set. The share price implies a return on equity of about 12.3%; Roko delivers 14.5%, so the price asks less than the business earns today.
How has Roko stock performed?
Over six months to 6 Nov 2026 the shares returned +13.7% against +5.4% for the median peer; over one year +8.4%.

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.