HANZA Stock Analysis: Hanza | ST
Electronic Components | ST, Sweden | Market Cap: 9.537m SEK | 12M Return: 32.2% | SE0005878543 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.0M
EPS Trend: 68.0%
Qual. Beats: 0
Rev. Trend: 94.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Hanza AB is a Sweden-based contract manufacturer that operates across Europe and North America, offering a broad range of manufacturing solutions through three segments: Main Markets, Other Markets, and Business Development & Services. Its capabilities span machining (milling, turning, EDM, grinding), sheet metal processing (punching, laser cutting, bending, welding, coating), heavy mechanics, electronics manufacturing (PCB assembly, test development), wire harness assembly, and final product assembly, supplemented by design, engineering, and business consulting services.
The company serves as a one-stop EMS (Electronics Manufacturing Services) and industrial contract manufacturing partner, allowing customers to consolidate multiple production steps with a single supplier, from prototyping to final assembly. Founded in 2008 and headquartered in Kista, Sweden, Hanza targets customers across multiple end-markets in Europe and internationally.
- Eastern European capacity ramp drives segment revenue growth
- Nearshoring trend lifts order intake from Nordic industrial clients
- Acquisition pipeline accelerates Main Markets segment expansion
| Net Income: 381.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.70 > 1.0 |
| NWC/Revenue: 18.87% < 20% (prev 10.03%; Δ 8.85% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.04b > Net Income 381.0m |
| Net Debt (2.69b) to EBITDA (1.03b): 2.60 < 3 |
| Current Ratio: 1.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (62.8m) vs 12m ago 36.16% < -2% |
| Gross Margin: 27.60% > 18% (prev 34.03%; Δ -6.43% > 0.5%) |
| Asset Turnover: 131.4% > 50% (prev 113.7%; Δ 17.71% > 0%) |
| Interest Coverage Ratio: 4.52 > 6 (EBIT TTM 596.0m / Interest Expense TTM 132.0m) |
| A: 0.19 (Total Current Assets 4.09b - Total Current Liabilities 2.30b) / Total Assets 9.58b |
| B: 0.07 (Retained Earnings 652.0m / Total Assets 9.58b) |
| C: 0.08 (EBIT TTM 596.0m / Avg Total Assets 7.22b) |
| D: 0.82 (Book Value of Equity 4.32b / Total Liabilities 5.26b) |
| Altman-Z'' = 2.87 = A |
| DSRI: 0.97 (Receivables 1.02b/613.0m, Revenue 9.48b/5.52b) |
| GMI: 1.23 (GM 34.03% / 27.60%) |
| AQI: 1.69 (AQ_t 0.33 / AQ_t-1 0.20) |
| SGI: 1.72 (Revenue 9.48b / 5.52b) |
| TATA: -0.07 (NI 381.0m - CFO 1.04b) / TA 9.58b) |
| Beneish M = -1.93 (Cap -4..+1) = B |
As of November 13, 2026, the stock is trading at SEK 162.20 with a total of 70,126 shares traded. Over the past week, the price has changed by +2.39%, over one month by -3.21%, over three months by +22.41% and over the past year by +32.24%.
Current recommended Stop Loss: 152.80 (which is 5.8% or 1.4 ATR below the current price).
Hanza has no consensus analysts rating.
P/E Trailing = 22.2548
P/E Forward = 15.3139
P/S = 1.0054
P/B = 2.3564
Revenue TTM = 9.48b SEK
EBIT TTM = 596.0m SEK
EBITDA TTM = 1.03b SEK
Long Term Debt = 1.86b SEK (from longTermDebt, last quarter)
Short Term Debt = 207.0m SEK (from shortTermDebt, last quarter)
Debt = 3.40b SEK (from shortLongTermDebtTotal, last quarter) + Leases 738.0m
Net Debt = 2.69b SEK (calculated: Debt 3.40b - CCE 710.0m)
Enterprise Value = 12.2b SEK (9.54b + Debt 3.40b - CCE 710.0m)
Interest Coverage Ratio = 4.52 (Ebit TTM 596.0m / Interest Expense TTM 132.0m)
EV/FCF = 17.42x (Enterprise Value 12.2b / FCF TTM 702.0m)
FCF Yield = 5.74% (FCF TTM 702.0m / Enterprise Value 12.2b)
FCF Margin = 7.40% (FCF TTM 702.0m / Revenue TTM 9.48b)
Net Margin = 4.02% (Net Income TTM 381.0m / Revenue TTM 9.48b)
Gross Margin = 27.60% ((Revenue TTM 9.48b - Cost of Revenue TTM 6.87b) / Revenue TTM)
Gross Margin QoQ = 45.56% (prev 45.28%)
Tobins Q-Ratio = 1.28 (Enterprise Value 12.2b / Total Assets 9.58b)
Interest Expense / Debt = 3.88% (Interest Expense 132.0m / Debt 3.40b)
Taxrate = 16.45% (75.0m / 456.0m)
NOPAT = 498.0m (EBIT 596.0m * (1 - 16.45%))
Current Ratio = 1.78 (Total Current Assets 4.09b / Total Current Liabilities 2.30b)
Debt / Equity = 0.79 (Debt 3.40b / totalStockholderEquity, last quarter 4.32b)
Debt / EBITDA = 2.60 (Net Debt 2.69b / EBITDA 1.03b)
Debt / FCF = 3.83 (Net Debt 2.69b / FCF TTM 702.0m)
Total Stockholder Equity = 3.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.28% (Net Income 381.0m / Total Assets 9.58b)
RoE = 10.56% (Net Income TTM 381.0m / Total Stockholder Equity 3.61b)
RoCE = 10.89% (EBIT 596.0m / Capital Employed (Equity 3.61b + L.T.Debt 1.86b))
RoIC = 7.09% (NOPAT 498.0m / Invested Capital 7.02b)
WACC = 6.11% (E(9.54b)/V(12.9b) * Re(7.13%) + D(3.40b)/V(12.9b) * Rd(3.88%) * (1-Tc(0.16)))
Discount Rate = 7.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.58 | Cagr: 17.33%
[DCF] Terminal Value 77.97% ; FCFF base≈596.4m ; Y1≈683.7m ; Y5≈1.01b
[DCF] Fair Price = 198.5 (EV 15.1b - Net Debt 2.69b = Equity 12.5b / Shares 62.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 67.98 | EPS CAGR: 20.27% | SUE: 0.67 | # QB: 0
Revenue Correlation: 94.50 | Revenue CAGR: 32.79% | SUE: 0.44 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.44 | Chg30d=-11.26% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=8.48 | Chg30d=+2.38% | Revisions=+40% | GrowthEPS=+51.7% | GrowthRev=+79.8%
EPS next Year (2027-12-31): EPS=10.53 | Chg30d=+1.27% | Revisions=-17% | GrowthEPS=+24.2% | GrowthRev=+16.2%
[Analyst] Revisions Ratio: +12% (up=3, down=2)