(EPI-B) Epiroc (publ) - ST
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: ST (Sweden) | Market Cap: 309.730m SEK | Total Return: 33% in 12m
Avg Turnover: 59.8M
EPS Trend: -80.3%
Rev. Trend: 67.9%
Qual. Beats: -2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Epiroc AB is a Sweden-based industrial company specializing in equipment, tools, and service solutions for the mining and infrastructure sectors. The company operates through two primary segments: Equipment & Service, which focuses on drilling, excavation, and haulage machinery, and Tools & Attachments, which provides rock drilling consumables and hydraulic equipment for demolition and recycling.
The business model emphasizes a high proportion of recurring revenue through aftermarket services, including component remanufacturing, service agreements, and digital monitoring solutions. This focus on the installed base helps mitigate the cyclicality inherent in heavy equipment sales by providing steady cash flow from replacement parts and maintenance.
Epiroc integrates advanced technology into its portfolio, including automation, electrification, and collision avoidance systems, to address the mining industrys transition toward safer and carbon-neutral operations. The company maintains a global footprint across all major mining regions and engages in strategic partnerships, such as its collaboration with Sany Group, to advance equipment development.
- Mining electrification and automation demand drives high-margin service revenue
- Aftermarket service contracts provide resilient cash flow during commodity cycles
- Strategic acquisitions expand digital mining solutions and market share
- Global infrastructure spending and metal demand influence equipment order intake
| Net Income: 8.51b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -1.11 > 1.0 |
| NWC/Revenue: 46.34% < 20% (prev 43.88%; Δ 2.46% < -1%) |
| CFO/TA 0.12 > 3% & CFO 9.95b > Net Income 8.51b |
| Net Debt (13.4b) to EBITDA (14.5b): 0.93 < 3 |
| Current Ratio: 2.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.21b) vs 12m ago 0.08% < -2% |
| Gross Margin: 36.06% > 18% (prev 36.78%; Δ -0.71% > 0.5%) |
| Asset Turnover: 74.00% > 50% (prev 80.39%; Δ -6.39% > 0%) |
| Interest Coverage Ratio: 20.17 > 6 (EBIT TTM 11.4b / Interest Expense TTM 566.0m) |
| A: 0.34 (Total Current Assets 47.9b - Total Current Liabilities 19.7b) / Total Assets 83.5b |
| B: 0.54 (Retained Earnings 45.4b / Total Assets 83.5b) |
| C: 0.14 (EBIT TTM 11.4b / Avg Total Assets 82.2b) |
| D: 1.22 (Book Value of Equity 45.9b / Total Liabilities 37.6b) |
| Altman-Z'' = 6.20 = AAA |
| DSRI: 1.06 (Receivables 16.6b/16.6b, Revenue 60.8b/65.0b) |
| GMI: 1.02 (GM 36.78% / 36.06%) |
| AQI: 0.98 (AQ_t 0.32 / AQ_t-1 0.32) |
| SGI: 0.94 (Revenue 60.8b / 65.0b) |
| TATA: -0.02 (NI 8.51b - CFO 9.95b) / TA 83.5b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at SEK 236.20 with a total of 478,769 shares traded.
Over the past week, the price has changed by +5.16%,
over one month by +3.96%,
over three months by +23.65% and
over the past year by +32.99%.
Epiroc (publ) has no consensus analysts rating.
P/E Trailing = 33.1721
P/E Forward = 27.7008
P/S = 5.0932
P/B = 6.0988
P/EG = 2.1129
Revenue TTM = 60.8b SEK
EBIT TTM = 11.4b SEK
EBITDA TTM = 14.5b SEK
Long Term Debt = 14.6b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 3.95b SEK (from shortTermDebt, last quarter)
Debt = 22.6b SEK (from shortLongTermDebtTotal, last quarter) + Leases 2.77b
Net Debt = 13.4b SEK (calculated: Debt 22.6b - CCE 9.21b)
Enterprise Value = 323b SEK (310b + Debt 22.6b - CCE 9.21b)
Interest Coverage Ratio = 20.17 (Ebit TTM 11.4b / Interest Expense TTM 566.0m)
EV/FCF = 40.51x (Enterprise Value 323b / FCF TTM 7.98b)
FCF Yield = 2.47% (FCF TTM 7.98b / Enterprise Value 323b)
FCF Margin = 13.12% (FCF TTM 7.98b / Revenue TTM 60.8b)
Net Margin = 13.99% (Net Income TTM 8.51b / Revenue TTM 60.8b)
Gross Margin = 36.06% ((Revenue TTM 60.8b - Cost of Revenue TTM 38.9b) / Revenue TTM)
Gross Margin QoQ = 35.52% (prev 36.23%)
Tobins Q-Ratio = 3.87 (Enterprise Value 323b / Total Assets 83.5b)
Interest Expense / Debt = 2.50% (Interest Expense 566.0m / Debt 22.6b)
Taxrate = 23.47% (2.61b / 11.1b)
NOPAT = 8.74b (EBIT 11.4b * (1 - 23.47%))
Current Ratio = 2.43 (Total Current Assets 47.9b / Total Current Liabilities 19.7b)
Debt / Equity = 0.49 (Debt 22.6b / totalStockholderEquity, last quarter 45.9b)
Debt / EBITDA = 0.93 (Net Debt 13.4b / EBITDA 14.5b)
Debt / FCF = 1.68 (Net Debt 13.4b / FCF TTM 7.98b)
Total Stockholder Equity = 41.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.35% (Net Income 8.51b / Total Assets 83.5b)
RoE = 20.36% (Net Income TTM 8.51b / Total Stockholder Equity 41.8b)
RoCE = 20.23% (EBIT 11.4b / Capital Employed (Equity 41.8b + L.T.Debt 14.6b))
RoIC = 13.50% (NOPAT 8.74b / Invested Capital 64.7b)
WACC = 8.30% (E(310b)/V(332b) * Re(8.77%) + D(22.6b)/V(332b) * Rd(2.50%) * (1-Tc(0.23)))
Discount Rate = 8.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 36.80 | Cagr: 0.07%
[DCF] Terminal Value 74.36% ; FCFF base≈8.24b ; Y1≈7.75b ; Y5≈7.21b
[DCF] Fair Price = 257.4 (EV 114b - Net Debt 13.4b = Equity 100b / Shares 390.0m; r=8.35% [WACC [floored]]; 5y FCF grow -7.49% → 2.50% )
EPS Correlation: -80.30 | EPS CAGR: -3.91% | SUE: N/A | # QB: 0
Revenue Correlation: 67.90 | Revenue CAGR: 2.93% | SUE: -1.80 | # QB: -2
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+6.3%
EPS next Year (2027-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+11.8%