Employees: 613
Size Swedencare (SECARE.ST) is a Sweden Health Care company (Pharmaceuticals: Major) with a market value of $315M, the 218th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 19.28 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -27.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 2.7% over the last twelve months (peer median -1.0%); the operating margin is 7.0% (peer median 4.9%).
Valuation It trades at 23.4× forward earnings against a peer median of 16.1× (most expensive of 4).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +62%, so the hurdle is -57 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 2.73B | SEK 2.68B | SEK 2.53B | SEK 2.32B | SEK 1.83B |
| Revenue growth | — | +6% | +9% | +27% | — |
| Gross profit | SEK 193M | SEK 142M | SEK 222M | SEK 165M | SEK 121M |
| EBITDA | SEK 507M | SEK 452M | SEK 537M | SEK 475M | SEK 390M |
| Net income | SEK 86.6M | SEK 55.5M | SEK 98.9M | SEK 58.6M | SEK 94.5M |
| Free cash flow | SEK 220M | SEK 279M | SEK 318M | SEK 410M | SEK 186M |
| Capital expenditure | SEK 68.3M | SEK 51.2M | SEK 71.3M | SEK 36.1M | SEK 74.7M |
| Total debt | SEK 1.69B | SEK 1.80B | SEK 1.47B | SEK 1.66B | SEK 1.90B |
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| Measure | SECARE.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.9% | -11.0% | 10th highest of 20 |
| 6-month return | -23.3% | -27.4% | 8th highest of 20 |
| Distance from 52-week high | -51.6% | -45.8% | 5th lowest of 20 |
| Revenue growth (TTM) | +2.7% | -1.0% | 9th highest of 19 |
| Operating margin | 7.0% | 4.9% | 6th highest of 20 |
| Forward P/E | 23.4× | 16.1× | most expensive of 4 |
| Growth the price implies (Req g, 7 yrs) | 5.5% | 10.1% | 6th least demanding of 14 |
| Growth delivered (Del g) | +62.1% | +0.6% | highest of 14 |
| Hurdle (Req g minus delivered) | -56.6 pp | +9.6 pp | least demanding of 14 |
| ROIC minus cost of capital | -3.3 pp | -5.7 pp | 8th highest of 19 |
| EV / EBITDA | 9.3× | 15.3× | 4th cheapest of 8 |
| Net debt / EBITDA | 3.2× | -0.7× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Swedencare SECARE.ST | Sweden | $315M | -23% | +3% | 7% | 23.4× | 5.5% | +62.1% |
| Ocugen OCGN | United States | $314M | -39% | -11% | -1,444% | n/a | n/a | n/a |
| Kitazato 368A.T | Japan | $317M | -9% | +9% | 52% | 12.0× | -16.7% | +5.4% |
| Zhejiang Zhenyuan Share 000705.SZ | China | $312M | -25% | -33% | -5% | n/a | n/a | n/a |
| Emergent BioSolutions EBS | United States | $312M | -27% | -18% | 5% | 16.1× | -0.1% | -13.7% |
| Zhejiang Shengda Bio-Pharm 603079.SS | China | $318M | -29% | -3% | 7% | n/a | 5.7% | -0.3% |
| Shandong Sito Bio-technology 300583.SZ | China | $318M | -26% | +19% | 6% | n/a | 2.7% | +2.3% |
| GC Corp. 005250.KS | South Korea | $319M | -32% | +10% | 1% | n/a | 31.5% | +7.4% |
| Eikon Therapeutics EIKN | United States | $320M | -41% | n/a | n/a | n/a | n/a | n/a |
| Enanta Pharmaceuticals ENTA | United States | $320M | -28% | +1% | -90% | n/a | n/a | n/a |
| Ind-Swift Laboratories INDSWFTLAB.NS | India | $321M | +149% | +66% | 9% | n/a | n/a | n/a |
| 6467 6467.TW | Taiwan | $322M | n/a | n/a | -2,618% | n/a | n/a | n/a |
| Shanxi C&Y Pharmaceutical 300254.SZ | China | $308M | -44% | -6% | 9% | n/a | 10.1% | +0.6% |
| Hainan Huluwa Pharmaceutical 605199.SS | China | $322M | -21% | -32% | -58% | n/a | 2.5% | -4.9% |
| Solara Active Pharma Sciences SOLARA.NS | India | $323M | +23% | +27% | 8% | 20.2× | 37.7% | -3.2% |
| Enwei Pharmaceutical 301331.SZ | China | $326M | -20% | -7% | 5% | n/a | 15.1% | +7.3% |
| Hangzhou Tianmushan Pharmaceutical Enterprise 600671.SS | China | $327M | -10% | -19% | 5% | n/a | 22.5% | +0.5% |
| Beihai Gofar Chuanshan Biological 600538.SS | China | $328M | -38% | +10% | -8% | n/a | n/a | n/a |
| Standard Chemical & Pharmaceutical 1720.TW | Taiwan | $329M | 0% | +3% | 21% | n/a | -10.4% | +10.3% |
| Honz Pharmaceutical 300086.SZ | China | $330M | -35% | -23% | -54% | n/a | 58.0% | -12.8% |
| Shinpoong Pharmaceutical 019170.KS | South Korea | $300M | -32% | +6% | 1% | n/a | 39.9% | +3.5% |