EQT Stock Analysis: EQT (publ) | ST
Asset Management | ST, Sweden | Market Cap: 352.721m SEK | 12M Return: -14.9% | SE0012853455 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 426M
Qual. Beats: -1
Rev. Trend: 77.5%
Warnings
Tailwinds
Seasonality 7 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 is a Stockholm-based global private equity and venture capital firm, founded in 1994, that specializes in private capital and real asset segments. The firm invests across the full company lifecycle, from seed and early venture stages through growth, buyouts, recapitalizations, and distressed situations, and also allocates capital to green and fintech-focused funds. Its investment activities span a broad range of sectors, including financial services, healthcare, IT and software, industrials, TMT, consumer products, energy, advanced manufacturing, and various business and support services.
EQT pursues both minority and majority stakes in portfolio companies, with deal sizes ranging from around €2 million to €1.6 billion in companies with enterprise values roughly between €28 million and €250 million. Geographically, the firm maintains portfolio companies and assets across Europe, Asia-Pacific, and North America, with notable country-level exposure spanning Western, Central, and Eastern Europe, as well as major Asia-Pacific markets such as China, Japan, India, Singapore, Hong Kong, and Australia.
As a private equity manager, EQT generates revenue primarily through management fees on assets under management and performance-based carried interest on fund returns, a standard fee structure in the alternatives industry. The firm operates in the GICS Industrials sector under the Environmental & Facilities Services sub-industry classification, reflecting its broader real-asset investment activities alongside its core private capital operations.
- EQT X flagship fund closes above EUR 22 billion target
- Fee-earning AUM expansion lifts management fee revenue
- Real assets infrastructure segment outpaces private capital growth
| Net Income: 1.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 10.86 > 1.0 |
| NWC/Revenue: 204.9% < 20% (prev 197.0%; Δ 7.90% < -1%) |
| CFO/TA 0.10 > 3% & CFO 1.23b > Net Income 1.03b |
| Net Debt (-850.8m) to EBITDA (1.72b): -0.49 < 3 |
| Current Ratio: 6.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.17b) vs 12m ago -1.11% < -2% |
| Gross Margin: 65.40% > 18% (prev 67.79%; Δ -2.39% > 0.5%) |
| Asset Turnover: 23.92% > 50% (prev 24.35%; Δ -0.44% > 0%) |
| Interest Coverage Ratio: 16.49 > 6 (EBIT TTM 1.30b / Interest Expense TTM 78.8m) |
| A: 0.48 (Total Current Assets 6.56b - Total Current Liabilities 978.0m) / Total Assets 11.7b |
| B: 0.23 (Retained Earnings 2.73b / Total Assets 11.7b) |
| C: 0.11 (EBIT TTM 1.30b / Avg Total Assets 11.4b) |
| D: 1.95 (Book Value of Equity 7.75b / Total Liabilities 3.98b) |
| Altman-Z'' = 6.69 = AAA |
| DSRI: 1.15 (Receivables 304.0m/261.0m, Revenue 2.73b/2.69b) |
| GMI: 1.04 (GM 67.79% / 65.40%) |
| AQI: 1.01 (AQ_t 0.42 / AQ_t-1 0.42) |
| SGI: 1.01 (Revenue 2.73b / 2.69b) |
| TATA: -0.02 (NI 1.03b - CFO 1.23b) / TA 11.7b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of October 07, 2026, the stock is trading at SEK 288.40 with a total of 2,078,377 shares traded. Over the past week, the price has changed by +1.41%, over one month by -7.59%, over three months by +2.02% and over the past year by -14.86%.
Current recommended Stop Loss: 279.50 (which is 3.1% or 1.3 ATR below the current price).
EQT (publ) has no consensus analysts rating.
Market Cap EUR = 31.3b (353b SEK * 0.0888 SEK.EUR)
P/E Trailing = 28.002
P/E Forward = 31.8471
P/S = 118.7852
P/B = 4.2619
P/EG = 0.9377
Revenue TTM = 2.73b EUR
EBIT TTM = 1.30b EUR
EBITDA TTM = 1.72b EUR
Long Term Debt = 2.44b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 34.0m EUR (from shortTermDebt, last quarter)
Debt = 2.84b EUR (from shortLongTermDebtTotal, last quarter) + Leases 201.0m
Net Debt = -850.8m EUR (calculated: Debt 2.84b - CCE 3.69b)
Enterprise Value = 30.5b EUR (31.3b + Debt 2.84b - CCE 3.69b)
Interest Coverage Ratio = 16.49 (Ebit TTM 1.30b / Interest Expense TTM 78.8m)
EV/FCF = 25.18x (Enterprise Value 30.5b / FCF TTM 1.21b)
FCF Yield = 3.97% (FCF TTM 1.21b / Enterprise Value 30.5b)
FCF Margin = 44.39% (FCF TTM 1.21b / Revenue TTM 2.73b)
Net Margin = 37.79% (Net Income TTM 1.03b / Revenue TTM 2.73b)
Gross Margin = 65.40% ((Revenue TTM 2.73b - Cost of Revenue TTM 943.1m) / Revenue TTM)
Gross Margin QoQ = 70.89% (prev 57.90%)
Tobins Q-Ratio = 2.60 (Enterprise Value 30.5b / Total Assets 11.7b)
Interest Expense / Debt = 2.78% (Interest Expense 78.8m / Debt 2.84b)
Taxrate = 12.88% (153.3m / 1.19b)
NOPAT = 1.13b (EBIT 1.30b * (1 - 12.88%))
Current Ratio = 6.71 (Total Current Assets 6.56b / Total Current Liabilities 978.0m)
Debt / Equity = 0.37 (Debt 2.84b / totalStockholderEquity, last quarter 7.75b)
Debt / EBITDA = -0.49 (Net Debt -850.8m / EBITDA 1.72b)
Debt / FCF = -0.70 (Net Debt -850.8m / FCF TTM 1.21b)
Total Stockholder Equity = 7.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.04% (Net Income 1.03b / Total Assets 11.7b)
RoE = 13.44% (Net Income TTM 1.03b / Total Stockholder Equity 7.67b)
RoCE = 12.85% (EBIT 1.30b / Capital Employed (Equity 7.67b + L.T.Debt 2.44b))
RoIC = 9.76% (NOPAT 1.13b / Invested Capital 11.6b)
WACC = 9.03% (E(31.3b)/V(34.2b) * Re(9.63%) + D(2.84b)/V(34.2b) * Rd(2.78%) * (1-Tc(0.13)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 36.71 | Cagr: 2.46%
[DCF] Terminal Value 73.08% ; FCFF base≈1.21b ; Y1≈1.22b ; Y5≈1.29b
[DCF] Fair Price = 15.08 (EV 17.9b - Net Debt -850.8m = Equity 18.8b / Shares 1.25b; r=9.03% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.76 | # QB: -1
Revenue Correlation: 77.49 | Revenue CAGR: 9.87% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.26 | Chg30d=-1.07% | Revisions=+50% | GrowthEPS=+12.4% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=1.73 | Chg30d=-1.68% | Revisions=-10% | GrowthEPS=+37.1% | GrowthRev=+32.7%
[Analyst] Revisions Ratio: +24% (up=9, down=5)