EPI-A Stock Analysis: Epiroc (publ) | ST
Farm & Heavy Construction Machinery | ST, Sweden | Market Cap: 302.606m SEK | 12M Return: 36.2% | SE0015658109 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 278M
EPS Trend: -68.9%
Qual. Beats: 0
Rev. Trend: 51.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 8.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Epiroc AB is a Swedish manufacturer of mining and infrastructure equipment, headquartered in Nacka and tracing its origins to 1873. The company operates in two segments: Equipment & Service, which covers rock drilling, excavation, loading, haulage, ventilation, and related digital and electrification solutions for mining and infrastructure customers; and Tools & Attachments, which supplies consumables such as drill bits, rock bolts, breakers, grapples, and ground engaging tools. It sells across the Americas, Europe, Africa, the Middle East, Asia, and Oceania.
Its business model is built around a large installed base of equipment that generates recurring aftermarket revenue through spare parts, service agreements, remanufacturing, midlife upgrades, and cost-per-meter contracts, which typically provides more stable cash flow than new machine sales. Epiroc also holds a strategic collaboration with Chinas Sany Group to co-develop mining equipment, and it competes in the industrials sector alongside other heavy-machinery OEMs that serve global mining customers.
- Mining capex upcycle lifts equipment orders and aftermarket revenue
- Service segment expansion drives recurring high-margin income growth
- Mine electrification and automation accelerate digital and battery equipment demand
| Net Income: 8.84b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.30 > 1.0 |
| NWC/Revenue: 42.14% < 20% (prev 35.60%; Δ 6.54% < -1%) |
| CFO/TA 0.11 > 3% & CFO 9.71b > Net Income 8.84b |
| Net Debt (12.9b) to EBITDA (15.6b): 0.83 < 3 |
| Current Ratio: 2.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.21b) vs 12m ago 0.31% < -2% |
| Gross Margin: 35.71% > 18% (prev 37.14%; Δ -1.43% > 0.5%) |
| Asset Turnover: 75.51% > 50% (prev 80.17%; Δ -4.66% > 0%) |
| Interest Coverage Ratio: 18.17 > 6 (EBIT TTM 12.5b / Interest Expense TTM 689.0m) |
| A: 0.31 (Total Current Assets 49.5b - Total Current Liabilities 23.2b) / Total Assets 85.9b |
| B: 0.51 (Retained Earnings 44.1b / Total Assets 85.9b) |
| C: 0.15 (EBIT TTM 12.5b / Avg Total Assets 82.6b) |
| D: 1.08 (Book Value of Equity 44.6b / Total Liabilities 41.3b) |
| Altman-Z'' = 5.83 = AAA |
| DSRI: 0.99 (Receivables 16.8b/17.3b, Revenue 62.4b/63.6b) |
| GMI: 1.04 (GM 37.14% / 35.71%) |
| AQI: 0.97 (AQ_t 0.32 / AQ_t-1 0.33) |
| SGI: 0.98 (Revenue 62.4b / 63.6b) |
| TATA: -0.01 (NI 8.84b - CFO 9.71b) / TA 85.9b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of August 25, 2026, the stock is trading at SEK 265.30 with a total of 987,874 shares traded. Over the past week, the price has changed by +6.08%, over one month by +7.15%, over three months by -1.52% and over the past year by +36.22%.
Current recommended Stop Loss: 250.80 (which is 5.5% or 2.4 ATR below the current price).
Epiroc (publ) has no consensus analysts rating.
P/E Trailing = 34.2603
P/E Forward = 29.3255
P/S = 4.8506
P/B = 6.7374
P/EG = 2.2378
Revenue TTM = 62.4b SEK
EBIT TTM = 12.5b SEK
EBITDA TTM = 15.6b SEK
Long Term Debt = 14.6b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 2.81b SEK (from shortTermDebt, last quarter)
Debt = 21.5b SEK (from shortLongTermDebtTotal, last quarter) + Leases 2.77b
Net Debt = 12.9b SEK (calculated: Debt 21.5b - CCE 8.63b)
Enterprise Value = 316b SEK (303b + Debt 21.5b - CCE 8.63b)
Interest Coverage Ratio = 18.17 (Ebit TTM 12.5b / Interest Expense TTM 689.0m)
EV/FCF = 40.28x (Enterprise Value 316b / FCF TTM 7.83b)
FCF Yield = 2.48% (FCF TTM 7.83b / Enterprise Value 316b)
FCF Margin = 12.56% (FCF TTM 7.83b / Revenue TTM 62.4b)
Net Margin = 14.17% (Net Income TTM 8.84b / Revenue TTM 62.4b)
Gross Margin = 35.71% ((Revenue TTM 62.4b - Cost of Revenue TTM 40.1b) / Revenue TTM)
Gross Margin QoQ = 36.02% (prev 35.52%)
Tobins Q-Ratio = 3.67 (Enterprise Value 316b / Total Assets 85.9b)
Interest Expense / Debt = 3.20% (Interest Expense 689.0m / Debt 21.5b)
Taxrate = 23.89% (2.77b / 11.6b)
NOPAT = 9.53b (EBIT 12.5b * (1 - 23.89%))
Current Ratio = 2.13 (Total Current Assets 49.5b / Total Current Liabilities 23.2b)
Debt / Equity = 0.48 (Debt 21.5b / totalStockholderEquity, last quarter 44.6b)
Debt / EBITDA = 0.83 (Net Debt 12.9b / EBITDA 15.6b)
Debt / FCF = 1.65 (Net Debt 12.9b / FCF TTM 7.83b)
Total Stockholder Equity = 43.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.70% (Net Income 8.84b / Total Assets 85.9b)
RoE = 20.42% (Net Income TTM 8.84b / Total Stockholder Equity 43.3b)
RoCE = 21.61% (EBIT 12.5b / Capital Employed (Equity 43.3b + L.T.Debt 14.6b))
RoIC = 15.27% (NOPAT 9.53b / Invested Capital 62.4b)
WACC = 8.48% (E(303b)/V(324b) * Re(8.91%) + D(21.5b)/V(324b) * Rd(3.20%) * (1-Tc(0.24)))
Discount Rate = 8.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.82 | Cagr: 0.05%
[DCF] Terminal Value 72.87% ; FCFF base≈8.33b ; Y1≈7.40b ; Y5≈6.15b
[DCF] Fair Price = 101.7 (EV 96.3b - Net Debt 12.9b = Equity 83.4b / Shares 820.0m; r=8.48% [WACC]; 5y FCF grow -13.57% → 2.50% )
EPS Correlation: -68.92 | EPS CAGR: -2.38% | SUE: -0.77 | # QB: 0
Revenue Correlation: 51.85 | Revenue CAGR: 1.63% | SUE: 0.40 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.18 | Chg30d=+2.91% | Revisions=+12% | Analysts=6
EPS current Year (2026-12-31): EPS=8.35 | Chg30d=-0.67% | Revisions=+12% | GrowthEPS=+15.3% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=9.99 | Chg30d=-0.19% | Revisions=+47% | GrowthEPS=+19.6% | GrowthRev=+13.1%
[Analyst] Revisions Ratio: +31% (up=22, down=11)