Transtema Group AB (TRANS.ST) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+3757.2%

SEK 174.54

vs SEK 4.53 price

Levered DCF

SEK 34.10

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.6

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-2.45×	-58×	4.06×	7.73×	17.44×	84.45×	4.77×	-5.21×
P/B	0.77×	0.96×	0.96×	2.57×	6.17×	2.23×	1.41×	0.9×
P/S	0.12×	0.21×	0.2×	0.41×	0.91×	0.25×	0.1×	0.27×
EV / EBITDA	6.84×	5.34×	2.19×	4.37×	7.61×	3.72×	2.1×	7.56×
Gross margin	-3.6%	53.7%	52.2%	52.2%	65.8%	58.7%	56.6%	41.3%
Operating margin	-3.8%	1.6%	3.2%	6.3%	7.4%	2.1%	0.3%	-6.7%
Net margin	-4.9%	-0.4%	4.9%	5.2%	5.2%	0.3%	2.1%	-5.3%
Current ratio	1.05×	1.08×	1.02×	1.1×	1.17×	0.9×	0.82×	0.96×
Debt / equity	1.66×	0.74×	0.64×	0.82×	0.69×	1.22×	3.03×	1.02×
Interest coverage	-1.89×	0.73×	3.94×	4.93×	11.9×	2.67×	0.31×	-18.37×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-31.5%	-1.7%	23.7%	33.2%	35.3%	2.4%	29.6%	-17.2%
Return on invested capital	-9.3%	3.9%	7.6%	12.9%	22.0%	7.8%	1.0%	-7.9%
Return on assets	-9.0%	-0.6%	7.7%	8.0%	10.3%	0.5%	3.5%	-4.9%
Free cash flow yield	-25.3%	30.3%	2.3%	9.8%	12.7%	42.0%	43.7%	-4.0%
Earnings yield	-40.8%	-1.7%	24.6%	12.9%	5.7%	1.1%	21.0%	-19.2%
Enterprise value	SEK 967.1M	SEK 823.3M	SEK 825.4M	SEK 1.2B	SEK 1.5B	SEK 486.6M	SEK 440.9M	SEK 597.5M
Net debt / EBITDA	4.65×	1.87×	0.77×	0.8×	-0.03×	1×	1.4×	3.89×
Cash conversion cycle (days)	13	-2	17	7	1	10	4	69