EQT Stock Analysis: EQT (publ) | ST
Asset Management | ST, Sweden | Market Cap: 320.563m SEK | 12M Return: -6.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 405M
Qual. Beats: -1
Rev. Trend: 84.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 6.8 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.
EQT AB (publ) is a global private equity and venture capital firm headquartered in Stockholm, Sweden, founded in 1994. The firm operates across two main segments: private capital and real assets, deploying capital through growth, buyout, and recapitalization transactions, with additional exposure to green funds and fintech investments.
The firm invests across a highly diversified range of sectors, including financial services, healthcare, IT and software, consumer goods, energy, industrials, TMT, and advanced manufacturing. Geographically, EQT maintains portfolio companies across Europe, Asia-Pacific, and North America, with notable country-level exposure spanning Sweden, Germany, the United Kingdom, the Nordics, and several Asian markets such as China, Japan, and Singapore.
EQTs investment tickets typically range from €2 million to €1.6 billion in companies with enterprise values between approximately €27.79 million and $250 million, taking either minority or majority stakes. As a large-cap Industrials-listed entity on the Stockholm Stock Exchange, EQT represents a publicly traded alternative asset manager, a business model that combines management fees, transaction fees, and performance-based carried interest from underlying portfolio investments to generate revenue.
- Private capital and real assets AUM growth lifts fee revenue
- Portfolio exits and realizations boost carried interest income
- Rising rates pressure valuations; buybacks support per-share metrics
| Net Income: 728.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -1.43 > 1.0 |
| NWC/Revenue: 235.5% < 20% (prev 191.7%; Δ 43.79% < -1%) |
| CFO/TA 0.04 > 3% & CFO 450.1m > Net Income 728.0m |
| Net Debt (1.87b) to EBITDA (1.48b): 1.26 < 3 |
| Current Ratio: 6.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.18b) vs 12m ago -0.48% < -2% |
| Gross Margin: 61.69% > 18% (prev 68.19%; Δ -6.49% > 0.5%) |
| Asset Turnover: 21.22% > 50% (prev 23.11%; Δ -1.89% > 0%) |
| Interest Coverage Ratio: 11.63 > 6 (EBIT TTM 1.05b / Interest Expense TTM 90.1m) |
| A: 0.50 (Total Current Assets 6.68b - Total Current Liabilities 978.0m) / Total Assets 11.4b |
| B: 0.23 (Retained Earnings 2.63b / Total Assets 11.4b) |
| C: 0.09 (EBIT TTM 1.05b / Avg Total Assets 11.4b) |
| D: 1.95 (Book Value of Equity 7.51b / Total Liabilities 3.85b) |
| Altman-Z'' = 6.71 = AAA |
| DSRI: 1.01 (Receivables 437.0m/472.0m, Revenue 2.42b/2.65b) |
| GMI: 1.11 (GM 68.19% / 61.69%) |
| AQI: 0.85 (AQ_t 0.39 / AQ_t-1 0.46) |
| SGI: 0.91 (Revenue 2.42b / 2.65b) |
| TATA: 0.02 (NI 728.0m - CFO 450.1m) / TA 11.4b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of July 07, 2026, the stock is trading at SEK 282.70 with a total of 966,346 shares traded. Over the past week, the price has changed by -1.88%, over one month by -2.40%, over three months by -14.15% and over the past year by -6.84%.
Current recommended Stop Loss: 271.60 (which is 3.9% or 1.3 ATR below the current price).
EQT (publ) has no consensus analysts rating.
Market Cap EUR = 29.0b (321b SEK * 0.0906 SEK.EUR)
P/E Trailing = 40.0
P/E Forward = 28.49
P/S = 121.776
P/B = 3.7463
P/EG = 0.8387
Revenue TTM = 2.42b EUR
EBIT TTM = 1.05b EUR
EBITDA TTM = 1.48b EUR
Long Term Debt = 2.44b EUR (from longTermDebt, last quarter)
Short Term Debt = 37.0m EUR (from shortTermDebt, last quarter)
Debt = 2.85b EUR (from shortLongTermDebtTotal, last quarter) + Leases 201.0m
Net Debt = 1.87b EUR (calculated: Debt 2.85b - CCE 979.0m)
Enterprise Value = 30.9b EUR (29.0b + Debt 2.85b - CCE 979.0m)
Interest Coverage Ratio = 11.63 (Ebit TTM 1.05b / Interest Expense TTM 90.1m)
EV/FCF = 27.32x (Enterprise Value 30.9b / FCF TTM 1.13b)
FCF Yield = 3.66% (FCF TTM 1.13b / Enterprise Value 30.9b)
FCF Margin = 46.67% (FCF TTM 1.13b / Revenue TTM 2.42b)
Net Margin = 30.04% (Net Income TTM 728.0m / Revenue TTM 2.42b)
Gross Margin = 61.69% ((Revenue TTM 2.42b - Cost of Revenue TTM 928.5m) / Revenue TTM)
Gross Margin QoQ = 57.90% (prev 65.12%)
Tobins Q-Ratio = 2.72 (Enterprise Value 30.9b / Total Assets 11.4b)
Interest Expense / Debt = 3.16% (Interest Expense 90.1m / Debt 2.85b)
Taxrate = 18.60% (168.0m / 903.3m)
NOPAT = 852.3m (EBIT 1.05b * (1 - 18.60%))
Current Ratio = 6.83 (Total Current Assets 6.68b / Total Current Liabilities 979.0m)
Debt / Equity = 0.38 (Debt 2.85b / totalStockholderEquity, last quarter 7.51b)
Debt / EBITDA = 1.26 (Net Debt 1.87b / EBITDA 1.48b)
Debt / FCF = 1.65 (Net Debt 1.87b / FCF TTM 1.13b)
Total Stockholder Equity = 7.60b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.37% (Net Income 728.0m / Total Assets 11.4b)
RoE = 9.58% (Net Income TTM 728.0m / Total Stockholder Equity 7.60b)
RoCE = 10.42% (EBIT 1.05b / Capital Employed (Equity 7.60b + L.T.Debt 2.44b))
RoIC = 8.27% (NOPAT 852.3m / Invested Capital 10.3b)
WACC = 9.20% (E(29.0b)/V(31.9b) * Re(9.85%) + D(2.85b)/V(31.9b) * Rd(3.16%) * (1-Tc(0.19)))
Discount Rate = 9.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -16.30 | Cagr: 4.35%
[DCF] Terminal Value 70.27% ; FCFF base≈1.20b ; Y1≈1.07b ; Y5≈890.7m
[DCF] Fair Price = 9.08 (EV 12.5b - Net Debt 1.87b = Equity 10.6b / Shares 1.17b; r=9.20% [WACC]; 5y FCF grow -13.45% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.76 | # QB: -1
Revenue Correlation: 83.99 | Revenue CAGR: 13.59% | SUE: 0.00 | # QB: 0
EPS current Quarter (2025-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2025-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2025-12-31): EPS=1.14 | Chg30d=+0.07% | Revisions=-22% | GrowthEPS=+20.7% | GrowthRev=+11.7%
EPS next Year (2026-12-31): EPS=1.22 | Chg30d=-0.93% | Revisions=-70% | GrowthEPS=+8.6% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: -56% (up=2, down=11)