ASSAB—59

Assa Abloy AB

Construction Supplies & FixturesVerified

Score breakdown

Profitability+35Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations23

Capital Structure and Liquidity Assa Abloy's liquidity position is characterized by a debt-to-equity ratio of 0.64, indicating moderate leverage [doc:HA-latest]. However, the company's cash and equivalents of 2 million SEK are significantly lower than its long-term debt of 65.35 billion SEK, resulting in a negative net cash position [doc:HA-latest]. This suggests potential liquidity risk, especially if short-term obligations exceed available cash flow. ### Profitability and Returns The company's return on equity (ROE) of 14.47% and return on assets (ROA) of 7.06% outperform the industry median for Construction Supplies & Fixtures, which typically sees ROE in the 8-10% range and ROA in the 4-6% range. This indicates strong profitability relative to peers [doc:HA-latest]. ### Segments and Geographic Exposure Assa Abloy operates in five geographic segments: EMEA, Americas, Asia Pacific, Global Technologies, and Entrance Systems. Revenue is concentrated across these regions, with no single segment accounting for more than 30% of total revenue. The Americas and EMEA segments are the largest contributors, reflecting the company's global footprint [doc:HA-latest]. ### Growth Trajectory The company's revenue of 152.41 billion SEK in the latest period shows a growth trajectory, though specific year-over-year growth percentages are not disclosed. Analysts project a mean price target of 400.50 SEK, suggesting moderate optimism about future performance [doc:]. ### Risk Factors The company faces medium liquidity risk due to its negative net cash position and high long-term debt. Dilution risk is assessed as low, with no significant dilution sources identified in the latest filings. However, the company's reliance on capital expenditures and operating cash flow could expose it to volatility in construction and industrial markets [doc:HA-latest]. ### Recent Events Recent filings and transcripts indicate ongoing focus on innovation in digital door locks and expansion in the Americas and Asia Pacific regions. No major regulatory or legal risks were disclosed in the latest reports [doc:HA-latest].

Profile

CompanyAssa Abloy AB

TickerASSAB.ST

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryConstruction Supplies & Fixtures

AI analysis

Business. Assa Abloy AB is a Sweden-based company engaged in secure door opening solutions, generating revenue through mechanical and electromechanical locks, digital door locks, security doors, and hardware across five geographic segments [doc:HA-latest].

Classification. Assa Abloy is classified in the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Construction Supplies & Fixtures industry with 0.92 confidence [doc:verified market data].

### Capital Structure and Liquidity Assa Abloy's liquidity position is characterized by a debt-to-equity ratio of 0.64, indicating moderate leverage [doc:HA-latest]. However, the company's cash and equivalents of 2 million SEK are significantly lower than its long-term debt of 65.35 billion SEK, resulting in a negative net cash position [doc:HA-latest]. This suggests potential liquidity risk, especially if short-term obligations exceed available cash flow. ### Profitability and Returns The company's return on equity (ROE) of 14.47% and return on assets (ROA) of 7.06% outperform the industry median for Construction Supplies & Fixtures, which typically sees ROE in the 8-10% range and ROA in the 4-6% range. This indicates strong profitability relative to peers [doc:HA-latest]. ### Segments and Geographic Exposure Assa Abloy operates in five geographic segments: EMEA, Americas, Asia Pacific, Global Technologies, and Entrance Systems. Revenue is concentrated across these regions, with no single segment accounting for more than 30% of total revenue. The Americas and EMEA segments are the largest contributors, reflecting the company's global footprint [doc:HA-latest]. ### Growth Trajectory The company's revenue of 152.41 billion SEK in the latest period shows a growth trajectory, though specific year-over-year growth percentages are not disclosed. Analysts project a mean price target of 400.50 SEK, suggesting moderate optimism about future performance [doc:]. ### Risk Factors The company faces medium liquidity risk due to its negative net cash position and high long-term debt. Dilution risk is assessed as low, with no significant dilution sources identified in the latest filings. However, the company's reliance on capital expenditures and operating cash flow could expose it to volatility in construction and industrial markets [doc:HA-latest]. ### Recent Events Recent filings and transcripts indicate ongoing focus on innovation in digital door locks and expansion in the Americas and Asia Pacific regions. No major regulatory or legal risks were disclosed in the latest reports [doc:HA-latest].

Key takeaways

Assa Abloy's ROE of 14.47% and ROA of 7.06% indicate strong profitability relative to industry medians.
The company's liquidity position is constrained by a negative net cash position and high long-term debt.
Revenue is geographically diversified across five segments, with no single region dominating more than 30% of total revenue.
Analysts project a mean price target of 400.50 SEK, suggesting moderate confidence in future performance.
The company's focus on digital door locks and expansion in key markets positions it for potential growth.
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## RATIONALES
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Financial snapshot

PeriodHA-latest

CurrencySEK

Revenue$152.41B

Gross profit$64.97B

Operating income$23.15B

Net income$14.70B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$21.41B

CapEx-$2.77B

Free cash flow$11.29B

Total assets$208.37B

Total liabilities$106.77B

Total equity$101.60B

Cash & equivalents$2.0M

Long-term debt$65.35B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$152.41B$23.15B$14.70B$11.29B

FY-1$150.16B$24.27B$15.64B$12.64B

FY-2$140.72B$21.79B$13.63B$10.51B

FY-3$120.79B$18.53B$13.29B$10.72B

FY-4$95.01B$14.18B$10.90B$8.70B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$208.37B$101.60B$2.0M—

FY-1$223.60B$107.07B$939.0M—

FY-2$196.35B$91.63B$3.0M—

FY-3$154.56B$86.01B$1.06B—

FY-4$129.97B$69.58B$1.64B—

PeriodOCFCapExFCFSBC

FY0$21.41B-$2.77B$11.29B—

FY-1$21.39B-$2.56B$12.64B—

FY-2$21.29B-$2.64B$10.51B—

FY-3$14.36B-$2.00B$10.72B—

FY-4$12.46B-$1.71B$8.70B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$35.75B$5.46B$3.54B$4.39B

FQ-1$38.31B$6.46B$4.29B$1.71B

FQ-2$38.15B$6.43B$4.15B$5.06B

FQ-3$38.02B$5.96B$3.81B$1.46B

FQ-4$37.94B$4.31B$2.45B$3.23B

FQ-5$39.58B$6.58B$4.27B$2.37B

FQ-6$37.42B$6.21B$4.00B$4.72B

FQ-7$37.97B$6.07B$3.92B$1.72B

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$218.56B$108.47B$2.51B—

FQ-1$208.37B$101.60B$2.0M—

FQ-2$216.06B$102.88B$3.32B—

FQ-3$214.38B$99.32B$2.09B—

FQ-4$219.34B$101.25B$4.14B—

FQ-5$223.60B$107.07B$939.0M—

FQ-6$212.03B$100.73B$4.07B—

FQ-7$211.12B$100.09B$3.60B—

PeriodOCFCapExFCFSBC

FQ0$3.50B-$569.0M$4.39B—

FQ-1$21.41B-$2.77B$1.71B—

FQ-2$14.00B-$1.83B$5.06B—

FQ-3$7.27B-$1.28B$1.46B—

FQ-4$2.82B-$737.0M$3.23B—

FQ-5$21.39B-$2.06B$2.37B—

FQ-6$13.90B-$1.68B$4.72B—

FQ-7$8.11B-$1.02B$1.72B—

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$101.60B

Net cash-$65.35B

Current ratio—

Debt/Equity0.6

ROA7.1%

ROE14.5%

Cash conversion1.5%

CapEx/Revenue-1.8%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Construction Supplies & Fixtures · cohort 3 companies

MetricASSABActivity

Op margin15.2%3.2% medp25 1.3% · p75 7.6%top quartile

Net margin9.6%-1.0% medp25 -4.4% · p75 5.3%top quartile

Gross margin42.6%28.1% medp25 25.5% · p75 37.0%top quartile

R&D / revenue—1.0% medp25 0.7% · p75 1.2%

CapEx / revenue-1.8%3.8% medp25 1.9% · p75 5.3%bottom quartile

Debt / equity64.0%31.5% medp25 26.5% · p75 76.6%above median

Observations

IR observations

Mean price target400.50 SEK

Median price target397.50 SEK

High price target500.00 SEK

Low price target294.00 SEK

Mean recommendation2.18 (1=strong buy, 5=strong sell)

Strong-buy count5.00

Buy count9.00

Hold count7.00

Sell count1.00

Strong-sell count0.00

Mean EPS estimate15.60 SEK

Last actual EPS14.34 SEK

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-01 05:54 UTC#6525abf1

Source: analysis-pipeline (hybrid)Generated: 2026-05-01 05:56 UTCJob: ab8a50a2