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Teqnion ABTEQ.STCompetitor analysis, valuation and peers

Sweden · SEK·Industrials›Wholesale Distributors
Momentum strong 69
Mkt cap
$330M
US dollars, full cap
Free float
46%
of shares outstanding
$/day
$492,017
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+4.2 pp
WACC 6.2%
Hurdle
-20 pp
Req g minus delivered
Close · SEKSEK 188.40
1D-0.8%
1W+4.5%
1M+7.3%
3M+8.3%
6M+20.8%
YTD+5.8%
1Y+9.5%
ATR %3.0%
52w lowhigh1.9% off high

What Teqnion does

Employees: 614

Teqnion at a glance

Size Teqnion (TEQ.ST) is a Sweden Industrials company (Wholesale Distributors) with a market value of $330M, the 213th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 188.40 on 6 Nov 2026.

Performance Over six months the shares gained 20.8%, against -7.7% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 11.9% over the last twelve months (peer median +10.0%); the operating margin is 11.2% (peer median 3.8%).

Valuation It trades at 2.0× enterprise value to sales against a peer median of 0.6× (4th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -20 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.2 points above its cost of capital (6.2% WACC).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026TEQ.ST 122Peer median 92
Six months, rebased to 100: Teqnion against the median of its 20 peers (local-currency closes).

Teqnion financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 1.95BSEK 1.80BSEK 1.57BSEK 1.48BSEK 1.32B
Revenue growth—+15%+6%+11%—
Gross profitSEK 218MSEK 156MSEK 133MSEK 167MSEK 134M
EBITDASEK 294MSEK 228MSEK 197MSEK 223MSEK 174M
Net incomeSEK 162MSEK 98.4MSEK 95.6MSEK 125MSEK 110M
Free cash flowSEK 222MSEK 174MSEK 83.1MSEK 116MSEK 97.9M
Capital expenditureSEK 16.0MSEK 14.6MSEK 20.5MSEK 10.7MSEK 7.50M
Total debtSEK 787MSEK 643MSEK 466MSEK 361MSEK 262M

Quarterly statements and history in the cockpit →

Teqnion 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

-50%0%+50%-20%0%29088065TWM31532373000159CHSCP110480813176600250603895248070BAP74807815MEKO92746007537128TEQ.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Teqnion is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%+200%0×2×4×29088065TWM31532373000159CHSCP11046002506038957815600753TEQ.STRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Teqnion is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%0%20%2908TWM31532373CHSCP80813176600250BAP74807815MEKO92747128TEQ.STGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Teqnion is the large dot.

Teqnion competitors and peer comparison

How Teqnion 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.

Teqnion against its 20 peers (data as of 6 Nov 2026)
MeasureTEQ.STPeer medianRank in peer set
1-month return+7.3%-10.9%2nd highest of 21
6-month return+20.8%-7.7%6th highest of 21
Distance from 52-week high-1.9%-18.9%highest of 21
Revenue growth (TTM)+11.9%+10.0%10th highest of 21
Operating margin11.2%3.8%3rd highest of 21
EV / Sales2.0×0.6×4th most expensive of 21
Growth the price implies (Req g, 7 yrs)2.4%-3.3%5th most demanding of 15
Growth delivered (Del g)+22.3%+5.4%2nd highest of 15
Hurdle (Req g minus delivered)-19.9 pp-9.6 pp3rd least demanding of 15
ROIC minus cost of capital+4.2 pp+0.3 pp7th highest of 21
EV / EBITDA13.1×7.1×3rd most expensive of 13
Net debt / EBITDA2.0×1.9×9th most indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Teqnion TEQ.STSweden$330M+21%+12%11%2.0×2.4%+22.3%
Test Rite International 2908.TWTaiwan$330M+4%-1%2%0.8×9.7%-4.3%
Sato Sho-ji 8065.TJapan$331M-10%+5%3%0.3×n/an/a
Tidewater Midstream & Infrastructure TWM.TOCanada$337M+43%+16%6%0.7×-3.8%+6.1%
Yashima Denki 3153.TJapan$339M-15%+13%10%0.4×-10.6%+4.7%
Aurora 2373.TWTaiwan$342M-11%-3%7%1.1×-4.4%-3.8%
Xinjiang International Industry 000159.SZChina$342M-27%+37%4%1.6×n/an/a
CHS Inc 8 % Cum Red Pfd Registered CHSCPUnited States$316M-8%+11%1%0.1×-11.0%+0.4%
APAC Resources 1104.HKHong Kong$313M-35%+197%54%0.7×n/an/a
Kanaden 8081.TJapan$307M0%+13%4%0.2×-15.6%+6.1%
Sanyo Trading 3176.TJapan$381M+33%+7%5%0.3×-5.2%+11.8%
Nanjing Business & Tourism 600250.SSChina$388M-24%0%9%4.0×12.7%-4.9%
Shanghai Tianyong Engineering 603895.SSChina$393M-15%+28%3%5.1×n/an/a
Solum 248070.KSSouth Korea$398M-42%+16%4%0.5×n/an/a
Bapcor BAP.AXAustralia$399M+66%-3%2%0.5×7.2%+1.8%
Suzuden 7480.TJapan$271M+97%+26%6%0.6×-6.2%+0.3%
Sync-Tech System 7815.TWOTaiwan$270M-45%+9%25%8.0×9.8%+22.1%
Meko MEKO.STSweden$406M-5%-1%2%0.6×2.2%+9.4%
Kpp 9274.TJapan$411M+13%-1%2%0.3×-0.7%+8.6%
Fujian Haiqin Energy 600753.SSChina$412M-7%+193%5%1.1×n/an/a
UNISOL 7128.TJapan$420M+31%-1%2%0.3×-2.9%+24.5%

Questions

Which companies are Teqnion's closest peers?
The cockpit's peer set: Test Rite International (2908.TW), Sato Sho-ji (8065.T), Tidewater Midstream & Infrastructure (TWM.TO), Yashima Denki (3153.T), Aurora (2373.TW), Xinjiang International Industry (000159.SZ), CHS Inc 8 % Cum Red Pfd Registered (CHSCP), APAC Resources (1104.HK).
Is Teqnion expensive compared with its peers?
On ev / sales it trades at 2.0× against a peer median of 0.6×, 4th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -20 pp: the price already allows for a slowdown.
How has Teqnion stock performed?
Over six months to 6 Nov 2026 the shares returned +20.8% against -7.7% for the median peer; over one year +9.5%.

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.