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Employees: 1,132
Size Troax (TROAX.ST) is a Sweden Industrials company (Metal Fabrication) with a market value of $908M, the 137th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 148.60 on 6 Nov 2026.
Performance Over six months the shares gained 46.3%, against -24.3% for the median peer and +8.2% for the Sweden market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 0.3% over the last twelve months (peer median +12.5%); the operating margin is 8.0% (peer median 4.2%).
Valuation It trades at 39.4× forward earnings against a peer median of 30.0× (4th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +17 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 4.3 points below its cost of capital (9.4% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 3.07B | SEK 2.90B | SEK 3.19B | SEK 3.03B | SEK 3.02B |
| Revenue growth | — | -9% | +5% | 0% | — |
| Gross profit | SEK 1.02B | SEK 1.05B | SEK 1.18B | SEK 1.15B | SEK 995M |
| EBITDA | SEK 803M | SEK 568M | SEK 676M | SEK 709M | SEK 649M |
| Net income | SEK 28.5M | SEK 149M | SEK 358M | SEK 410M | SEK 391M |
| Free cash flow | n/a | SEK 261M | SEK 363M | SEK 489M | SEK 430M |
| Capital expenditure | n/a | SEK 123M | SEK 123M | SEK 142M | SEK 91.3M |
| Total debt | SEK 2.22B | SEK 1.55B | SEK 907M | SEK 916M | SEK 796M |
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 | TROAX.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.9% | -8.2% | 2nd highest of 21 |
| 6-month return | +46.3% | -24.3% | highest of 21 |
| Distance from 52-week high | -9.9% | -48.3% | highest of 21 |
| Revenue growth (TTM) | -0.3% | +12.5% | 3rd lowest of 21 |
| Operating margin | 8.0% | 4.2% | 9th highest of 21 |
| Forward P/E | 39.4× | 30.0× | 4th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 28.3% | 13.7% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +11.1% | +11.2% | 4th lowest of 8 |
| Hurdle (Req g minus delivered) | +17.2 pp | +5.1 pp | 2nd most demanding of 8 |
| ROIC minus cost of capital | -4.3 pp | -2.2 pp | 6th lowest of 21 |
| EV / EBITDA | 13.6× | 18.5× | 3rd cheapest of 5 |
| Net debt / EBITDA | 2.5× | -0.1× | 3rd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Troax TROAX.ST | Sweden | $908M | +46% | 0% | 8% | 39.4× | 28.3% | +11.1% |
| Ningbo Sunrise Elc Technology 002937.SZ | China | $908M | -42% | +12% | 8% | 26.2× | 21.4% | +11.2% |
| Ningxia Guoyun New Energy 000595.SZ | China | $903M | -16% | +142% | 21% | n/a | n/a | n/a |
| Hunan Corun New Energy 600478.SS | China | $901M | -53% | +46% | 4% | n/a | n/a | n/a |
| Guangzhou Newlife New Material 301323.SZ | China | $896M | -15% | +26% | 13% | 31.4× | n/a | n/a |
| Lucky Harvest 002965.SZ | China | $923M | -21% | +18% | 0% | 59.4× | n/a | n/a |
| Shandong Golden Empire Precision Machinery Technology 603270.SS | China | $886M | -4% | +35% | 5% | 30.0× | n/a | n/a |
| Changjiang & Jinggong Steel Building (Group) 600496.SS | China | $931M | -25% | +1% | 3% | 9.7× | -1.5% | +12.7% |
| Zhejiang JW Precision Machinery 300984.SZ | China | $931M | -29% | +9% | 4% | 78.7× | n/a | n/a |
| Evergreen Steel 2211.TW | Taiwan | $943M | -24% | +9% | 21% | 9.5× | -9.2% | +10.4% |
| Jiangsu LiXing General Steel Ball 300421.SZ | China | $866M | -30% | +4% | 4% | n/a | 35.0% | +7.1% |
| Hsino Tower 601096.SS | China | $961M | -31% | -7% | 3% | 22.4× | n/a | n/a |
| Gibraltar Industries ROCK | United States | $964M | -20% | +14% | 11% | 7.9× | 7.3% | +1.9% |
| Chongqing Millison Technologies 301307.SZ | China | $851M | -18% | +13% | -11% | 54.7× | n/a | n/a |
| Zhejiang Huayuan Auto Technology 301535.SZ | China | $836M | -30% | +66% | 12% | n/a | 22.2% | +17.2% |
| Juli Sling 002342.SZ | China | $989M | -66% | +19% | 3% | n/a | n/a | n/a |
| Kennametal India KENNAMET.NS | India | $832M | +27% | +29% | 17% | 37.5× | n/a | n/a |
| Jiangsu NanFang Precision 002553.SZ | China | $813M | -29% | +5% | 13% | n/a | n/a | n/a |
| China Harzone Industry 300527.SZ | China | $1.03B | -18% | -12% | 1% | n/a | n/a | n/a |
| HuiZhou Intelligence Technology 002122.SZ | China | $802M | -10% | +10% | -16% | n/a | n/a | n/a |
| Sanwei 603033.SS | China | $1.04B | -40% | +10% | -6% | n/a | 13.7% | +21.1% |