HMS Stock Analysis: HMS Networks (publ) | ST
Communication Equipment | ST, Sweden | Market Cap: 23.832m SEK | 12M Return: -5.5% | SE0009997018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.7M
EPS Trend: 71.8%
Qual. Beats: 0
Rev. Trend: 96.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.9 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.
HMS Networks AB (publ), founded in 1988 and headquartered in Halmstad, Sweden, provides industrial information and communication technology (ICT) solutions worldwide. Its portfolio spans industrial data products (HMI, panel meters, controllers, network diagnostics and security, remote gateways), network connectivity hardware (embedded interfaces, protocol converters, gateways, switches, wireless, industrial PC interfaces), building automation gateways, and vehicle and medical communication products, sold under the Anybus, Ixxat, Ewon, Intesis, Red Lion, and N-Tron brands.
The companys products are used by customers across automotive, factory and building automation, food and beverage, medical, packaging, power generation, process automation, transport and infrastructure, warehouse and distribution, and water/wastewater industries, supporting applications such as battery energy storage, EV charging, HVAC and lighting control, mobile robots, PLCs, robot controllers, and smart metering.
HMS operates in the industrial communications segment of the broader Industrial Internet of Things (IIoT) and factory automation market, where its multi-brand, OEM-oriented model lets it address both legacy fieldbus protocols and modern Ethernet/IP-based industrial networks across diverse end markets.
- Factory automation demand drives industrial connectivity revenue growth
- Building automation and EV charging segments expand on energy transition
- Red Lion and N-Tron acquisitions expand US industrial market share
| Net Income: 553.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 3.74 > 1.0 |
| NWC/Revenue: 7.75% < 20% (prev 6.35%; Δ 1.40% < -1%) |
| CFO/TA 0.16 > 3% & CFO 1.15b > Net Income 553.0m |
| Net Debt (2.15b) to EBITDA (1.28b): 1.67 < 3 |
| Current Ratio: 1.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.3m) vs 12m ago 0.24% < -2% |
| Gross Margin: 62.97% > 18% (prev 62.90%; Δ 0.07% > 0.5%) |
| Asset Turnover: 56.82% > 50% (prev 50.11%; Δ 6.71% > 0%) |
| Interest Coverage Ratio: 7.26 > 6 (EBIT TTM 1.01b / Interest Expense TTM 139.0m) |
| A: 0.04 (Total Current Assets 1.42b - Total Current Liabilities 1.12b) / Total Assets 7.00b |
| B: 0.29 (Retained Earnings 2.05b / Total Assets 7.00b) |
| C: 0.15 (EBIT TTM 1.01b / Avg Total Assets 6.93b) |
| D: 1.28 (Book Value of Equity 3.93b / Total Liabilities 3.07b) |
| Altman-Z'' = 3.56 = A |
| DSRI: 0.91 (Receivables 736.0m/704.0m, Revenue 3.94b/3.43b) |
| GMI: 1.00 (GM 62.90% / 62.97%) |
| AQI: 1.02 (AQ_t 0.73 / AQ_t-1 0.72) |
| SGI: 1.15 (Revenue 3.94b / 3.43b) |
| TATA: -0.08 (NI 553.0m - CFO 1.15b) / TA 7.00b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of November 14, 2026, the stock is trading at SEK 472.60 with a total of 23,472 shares traded. Over the past week, the price has changed by +0.51%, over one month by -15.61%, over three months by -3.55% and over the past year by -5.54%.
Current recommended Stop Loss: 453.40 (which is 4.1% or 1.3 ATR below the current price).
HMS Networks (publ) has no consensus analysts rating.
P/E Trailing = 43.1244
P/E Forward = 25.0
P/S = 6.0528
P/B = 6.0672
P/EG = 0.8085
Revenue TTM = 3.94b SEK
EBIT TTM = 1.01b SEK
EBITDA TTM = 1.28b SEK
Long Term Debt = 1.46b SEK (from longTermDebt, last quarter)
Short Term Debt = 359.0m SEK (from shortTermDebt, last quarter)
Debt = 2.22b SEK (from shortLongTermDebtTotal, last quarter) + Leases 239.0m
Net Debt = 2.15b SEK (calculated: Debt 2.22b - CCE 74.0m)
Enterprise Value = 26.0b SEK (23.8b + Debt 2.22b - CCE 74.0m)
Interest Coverage Ratio = 7.26 (Ebit TTM 1.01b / Interest Expense TTM 139.0m)
EV/FCF = 25.98x (Enterprise Value 26.0b / FCF TTM 1.00b)
FCF Yield = 3.85% (FCF TTM 1.00b / Enterprise Value 26.0b)
FCF Margin = 25.40% (FCF TTM 1.00b / Revenue TTM 3.94b)
Net Margin = 14.05% (Net Income TTM 553.0m / Revenue TTM 3.94b)
Gross Margin = 62.97% ((Revenue TTM 3.94b - Cost of Revenue TTM 1.46b) / Revenue TTM)
Gross Margin QoQ = 62.70% (prev 63.77%)
Tobins Q-Ratio = 3.71 (Enterprise Value 26.0b / Total Assets 7.00b)
Interest Expense / Debt = 6.26% (Interest Expense 139.0m / Debt 2.22b)
Taxrate = 32.89% (271.0m / 824.0m)
NOPAT = 677.2m (EBIT 1.01b * (1 - 32.89%))
Current Ratio = 1.27 (Total Current Assets 1.42b / Total Current Liabilities 1.12b)
Debt / Equity = 0.56 (Debt 2.22b / totalStockholderEquity, last quarter 3.93b)
Debt / EBITDA = 1.67 (Net Debt 2.15b / EBITDA 1.28b)
Debt / FCF = 2.15 (Net Debt 2.15b / FCF TTM 1.00b)
Total Stockholder Equity = 3.71b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.98% (Net Income 553.0m / Total Assets 7.00b)
RoE = 14.92% (Net Income TTM 553.0m / Total Stockholder Equity 3.71b)
RoCE = 19.54% (EBIT 1.01b / Capital Employed (Equity 3.71b + L.T.Debt 1.46b))
RoIC = 10.97% (NOPAT 677.2m / Invested Capital 6.17b)
WACC = 9.05% (E(23.8b)/V(26.1b) * Re(9.50%) + D(2.22b)/V(26.1b) * Rd(6.26%) * (1-Tc(0.33)))
Discount Rate = 9.50% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.72 | Cagr: 1.57%
[DCF] Terminal Value 75.74% ; FCFF base≈888.8m ; Y1≈1.02b ; Y5≈1.50b
[DCF] Fair Price = 357.6 (EV 20.1b - Net Debt 2.15b = Equity 17.9b / Shares 50.2m; r=9.05% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 71.76 | EPS CAGR: 18.01% | SUE: -0.23 | # QB: 0
Revenue Correlation: 96.89 | Revenue CAGR: 11.87% | SUE: -0.05 | # QB: 0
EPS current Quarter (2027-03-31): EPS=4.84 | Chg30d=-2.37% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=14.66 | Chg30d=-2.94% | Revisions=-57% | GrowthEPS=+6.8% | GrowthRev=+13.9%
EPS next Year (2027-12-31): EPS=18.49 | Chg30d=+1.26% | Revisions=+12% | GrowthEPS=+26.1% | GrowthRev=+13.7%
[Analyst] Revisions Ratio: -21% (up=4, down=7)