GRANGEX AB (publ)
Grangex AB (publ) is a mining company engaged in the extraction and processing of iron ore, primarily generating revenue through the sale of iron ore products.
Business. GRANGEX AB (publ) is a mining company operating within the Iron & Steel industry of the Basic Materials sector. The company is headquartered in Sweden and is primarily listed on the Nasdaq Stockholm exchange under the ticker symbol GRANGX.ST. Specific details regarding its operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
GRANGEX AB (publ) is a mining company operating within the Iron & Steel industry of the Basic Materials sector. The company is headquartered in Sweden and is primarily listed on the Nasdaq Stockholm exchange under the ticker symbol GRANGX.ST. Specific details regarding its operating segments and geographic revenue mix are not available.
Grangex AB (publ) exhibits a strong liquidity position, with a current ratio of 2.3 and cash and equivalents amounting to 45.12 million SEK, which is significantly higher than the industry median. The company's price-to-book ratio of 5.62 suggests that the market is valuing the company at a premium relative to its book value, which may reflect expectations of future growth or asset revaluation.
The company's profitability metrics are concerning, with a negative return on equity of -18.08% and a negative return on assets of -8.61%. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets to generate profit. The operating income is negative at -12.85 million SEK, and the net income is also negative at -24.81 million SEK, which is below the industry median for profitability metrics.
Grangex's revenue is primarily concentrated in the mining segment, with no significant geographic diversification reported. The company's exposure to a single business segment increases its vulnerability to market fluctuations in the iron ore sector. There is no indication of geographic diversification in the provided data, which could be a risk factor for the company.
The company's growth trajectory is mixed, with a current fiscal year outlook showing a negative operating income and net income. The next fiscal year outlook is not provided, but the current performance suggests potential challenges in achieving growth. The company's capital expenditure of -4.37 million SEK indicates ongoing investment in its operations, which may be aimed at improving future profitability.
The risk assessment for Grangex indicates low liquidity and dilution risks, with no immediate filing-based liquidity or dilution flags detected. The company's debt-to-equity ratio of 0.01 suggests a conservative capital structure with minimal leverage. The absence of dilution potential and the low risk score indicate that the company is not currently facing significant financial risks.
Recent events and filings do not show any significant changes in the company's financial position or strategic direction. The latest actual EPS is -5.20 SEK, and the latest actual revenue is 22.33 million SEK, which are both negative indicators of the company's current performance.
- Grangex AB (publ) has a strong liquidity position with a current ratio of 2.3 and significant cash reserves.
- The company is currently unprofitable, with a negative return on equity and operating income.
- Revenue is concentrated in a single business segment, increasing vulnerability to market fluctuations.
- The company's capital structure is conservative, with minimal leverage and no immediate dilution risks.
- Recent financial performance indicates challenges in achieving profitability and growth.
Bull / Bear case
Generated · model-assistedGrangex AB maintains a low debt-to-equity ratio of 0.01, ranking in the top quartile compared to the Iron & Steel cohort median of 0.34.
The company demonstrates strong cash conversion at 1.22, significantly outperforming the Iron & Steel cohort median of 0.74.
Grangex AB faces low dilution and liquidity risks, providing a stable capital structure environment despite operational challenges.
Operating margin of -1.85% and net margin of -3.57% place Grangex AB in the bottom quartile of the Iron & Steel cohort.
Long-term debt surged to SEK 933.9 million in the latest period, reflecting increased leverage amidst declining profitability.
In focus — financials by report
Revenue kr 22.3M, +27,5% YoY; Operating income +36,6% YoY.
- ▍Revenue kr 22.3M, +27,5% YoY
- ▍Operating income +36,6% YoY
- ▍Net income +51,0% YoY
- ▍Free cash flow +62,1% YoY
- ▍Net margin -372.8%
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
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Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Grangex Dannemora Mine | Iron ore mine | Iron Ore | Sweden | Parent |
| Sydvaranger Mining Bjørnevatn Mine | Iron ore mine | Iron Ore | Norway | Parent |
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- GRANGEX AB (publ) Market data — financials · 2026-05-28
- GRANGEX AB (publ) Market data — analyst estimates · 2026-05-28