EPI-B Stock Analysis: Epiroc (publ) | ST
Farm & Heavy Construction Machinery | ST, Sweden | Market Cap: 271.026m SEK | 12M Return: 22.2% | SE0015658117 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 70.6M
EPS Trend: -66.8%
Rev. Trend: 51.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.3 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 equipment and consumables for the global mining and infrastructure industries, operating across North America, South America, Europe, Africa, the Middle East, Asia, Australia, and India. The company is headquartered in Nacka, Sweden, and traces its origins to 1873.
The business is organized into two segments. The Equipment & Service segment provides rock drilling, excavation, reinforcement, loading and haulage, and ventilation systems, alongside digital offerings covering automation, collision avoidance, mine planning, and electrification. The Tools & Attachments segment supplies rock drilling tools, hydraulic breakers, ground engaging tools, and related products. Aftermarket services, including service agreements, component remanufacturing, midlife upgrades, and cost-per-meter contracts, form an important recurring revenue layer across both segments.
Epiroc holds a strategic collaboration with Chinas Sany Group to co-develop mining equipment and technology. Listed on the Stockholm Stock Exchange as a large-cap Industrials name within the Construction Machinery & Heavy Transportation Equipment sub-industry, the companys earnings are closely tied to global mining capital expenditure cycles and commodity prices, with electrification and automation of mines representing a growing demand driver.
- Mining capex cycle recovery drives equipment orders higher
- Aftermarket service revenue expands margins amid equipment slowdown
- Electrification mandate boosts demand for battery-electric mining fleet
| 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 October 13, 2026, the stock is trading at SEK 227.20 with a total of 198,203 shares traded. Over the past week, the price has changed by +1.52%, over one month by +8.81%, over three months by +4.89% and over the past year by +22.18%.
Current recommended Stop Loss: 219.20 (which is 3.5% or 1.3 ATR below the current price).
Epiroc (publ) has no consensus analysts rating.
P/E Trailing = 30.643
P/E Forward = 22.6757
P/S = 4.3444
P/B = 6.0075
P/EG = 1.7432
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 = 284b SEK (271b + Debt 21.5b - CCE 8.63b)
Interest Coverage Ratio = 18.17 (Ebit TTM 12.5b / Interest Expense TTM 689.0m)
EV/FCF = 36.24x (Enterprise Value 284b / FCF TTM 7.83b)
FCF Yield = 2.76% (FCF TTM 7.83b / Enterprise Value 284b)
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 = 3.31 (Enterprise Value 284b / 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 = 8.59% (E(271b)/V(293b) * Re(9.08%) + D(21.5b)/V(293b) * Rd(3.20%) * (1-Tc(0.24)))
Discount Rate = 9.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.82 | Cagr: 0.05%
[DCF] Terminal Value 72.46% ; FCFF base≈8.33b ; Y1≈7.40b ; Y5≈6.15b
[DCF] Fair Price = 209.5 (EV 94.6b - Net Debt 12.9b = Equity 81.7b / Shares 390.0m; r=8.59% [WACC]; 5y FCF grow -13.57% → 2.50% )
EPS Correlation: -66.82 | EPS CAGR: -2.86% | SUE: N/A | # QB: 0
Revenue Correlation: 51.85 | Revenue CAGR: 1.63% | SUE: 0.34 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=8.11 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+8.0%
EPS next Year (2027-12-31): EPS=9.62 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+18.6% | GrowthRev=+14.0%