Scandinavian Astor Group AB

The company maintains a conservative capital structure, with a debt-to-equity ratio of 0.23, indicating a low reliance on debt financing. Its liquidity position is strong, as evidenced by a current ratio of 2.15 and cash and equivalents of 210.93 million SEK, which provides a buffer against short-term obligations. The free cash flow is negative at -15.41 million SEK, primarily due to capital expenditures of -84.93 million SEK, suggesting significant investment in long-term assets. Profitability metrics show a return on equity of 5.27% and a return on assets of 3.38%, which are below the industry median for aerospace and defense firms. The gross profit margin is 46.75% (202.55 million SEK on 433.25 million SEK revenue), and the operating margin is 10.67% (46.24 million SEK on 433.25 million SEK revenue), indicating moderate efficiency in converting revenue to profit. The company operates through two primary segments: radar jamming systems and composite material manufacturing. Revenue is concentrated in these two pillars, with no disclosed geographic breakdown. The company operates both in Sweden and internationally, but the extent of international exposure is not quantified in the available data. Growth trajectory is positive, with a net income of 39.82 million SEK and operating income of 46.24 million SEK. Analysts have provided a mean price target of 51.00 SEK, with a median and high target also at 51.00 SEK, suggesting a consensus on valuation. The mean recommendation is 2.00, indicating a "buy" rating, with two buy ratings and no strong buy or hold ratings. Risk factors include low liquidity and dilution risk, with no immediate filing-based liquidity or dilution flags detected. The company has a low dilution potential, with basic and diluted shares outstanding being equal at 61.44 million. No adjustments were applied to the valuation metrics, indicating a clean capital structure. Recent events include the company's continued focus on defense and security solutions, with no significant filings or transcripts indicating material changes in strategy or operations. The company's subsidiaries, including Marstrom Composite AB and JPC Composite AB, continue to provide components in composites and carbon fiber for various industries.