EQT AB (publ) (EQT.ST) stock analysis

In our weekly check, EQT AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3.

About EQT AB (publ)

EQT AB (publ) is a Financial Services company (Asset Management) based in Sweden, listed on STO as EQT.ST.

What our checks show for EQT.ST

Red flags

• The net margin fell by 29.3 points over 5 years, to 27.7%: the company keeps less of each sale as profit.
• The gross margin fell by 25.9 points, to 51.2%: costs are rising faster than prices.
• The stock has fallen as much as 65% from a peak. Would you have held through that?

Warning signs

• Operating cash flow is only 0.56x net profit: part of the reported profit does not arrive as cash.
• Free cash flow covers the dividend only 1 times.
• The stock is still below its previous peak.
• Beta 1.4: the stock usually moves more than the market, both up and down.

Strengths

• Net debt is only 1.1x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 20.2 times over.
• Analysts expect earnings per share to grow about 49.7% a year over the next years.
• Analysts expect revenue to grow about 19.8% a year over the next years.
• Analysts expect the net margin to improve by 25.1 points from today's 27.7%.
• Revenue grew 20.7% a year over the last 3 years.

Similar companies

INDU-C.ST · BLK · BX · BN.TO · REM.JO · INVE-B.ST

Questions

What grade does EQT AB (publ) (EQT.ST) have?

In our weekly check, EQT AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of EQT.ST stock?

This week's biggest flags for EQT AB (publ): Margins falling, Gross margin falling, Deep past fall. In total 7 of 25 checks show a warning or a red flag.

What does EQT AB (publ) do?

EQT AB (publ) is a Financial Services company (Asset Management) based in Sweden, listed on STO as EQT.ST.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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