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AQ Group AB (publ)OM:AQ Stock Report

Market Cap SEK 20.9b
Share Price
SEK 228.00
SEK 212
7.5% overvalued intrinsic discount
1Y24.3%
7D-4.9%
1D
Portfolio Value
View

AQ Group AB (publ)

OM:AQ Stock Report

Market Cap: SEK 20.9b

AQ Group (AQ) Stock Overview

Develops, manufactures, and assembles components and systems for industrial customers in Sweden, Finland, Germany, the United States, China, France, Poland, China, Italy, the Netherlands, India, Canada, and internationally. More details

AQ fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for AQ from our risk checks.

AQ Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

AQ Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for AQ Group
Historical stock prices
Current Share PriceSEK 228.00
52 Week HighSEK 244.80
52 Week LowSEK 166.10
Beta0.72
1 Month Change1.24%
3 Month Change22.38%
1 Year Change24.25%
3 Year Change153.33%
5 Year Change257.93%
Change since IPO4,175.00%

Recent News & Updates

Narrative Update Jun 05

AQ: Future Returns Will Depend On Dividend Payouts At Elevated Earnings Multiple

AQ Group's analyst price target is restated at SEK 212. Analysts are keeping underlying assumptions on fair value, revenue growth, profit margin and forward P/E broadly unchanged, reflecting a steady view of the company.
Narrative Update May 17

AQ: Future Returns Will Rely On Dividend Payouts And Stable Earnings Multiples

Analysts have nudged their AQ Group fair value estimate to SEK212 from SEK210, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E. What's in the News AQ Group AB shareholders approved a total dividend of SEK 165,119,022, equal to SEK 1.80 per share, at the annual general meeting held on April 23, 2026 (Key Developments).
Analysis Article Apr 27

Earnings Update: Here's Why Analysts Just Lifted Their AQ Group AB (publ) (STO:AQ) Price Target To kr212

Shareholders might have noticed that AQ Group AB (publ) ( STO:AQ ) filed its quarterly result this time last week. The...
Narrative Update Apr 25

AQ: Future Returns Will Rely On Acquisitions And Steady Dividend Payouts

The analyst price target for AQ Group has been revised from SEK 204.50 to SEK 210.00. Analysts attribute this change to updated assumptions for revenue growth, profit margins and the P/E multiple, which are cited as the key factors behind the new level.

Recent updates

Narrative Update Jun 05

AQ: Future Returns Will Depend On Dividend Payouts At Elevated Earnings Multiple

AQ Group's analyst price target is restated at SEK 212. Analysts are keeping underlying assumptions on fair value, revenue growth, profit margin and forward P/E broadly unchanged, reflecting a steady view of the company.
Narrative Update May 17

AQ: Future Returns Will Rely On Dividend Payouts And Stable Earnings Multiples

Analysts have nudged their AQ Group fair value estimate to SEK212 from SEK210, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E. What's in the News AQ Group AB shareholders approved a total dividend of SEK 165,119,022, equal to SEK 1.80 per share, at the annual general meeting held on April 23, 2026 (Key Developments).
Analysis Article Apr 27

Earnings Update: Here's Why Analysts Just Lifted Their AQ Group AB (publ) (STO:AQ) Price Target To kr212

Shareholders might have noticed that AQ Group AB (publ) ( STO:AQ ) filed its quarterly result this time last week. The...
Narrative Update Apr 25

AQ: Future Returns Will Rely On Acquisitions And Steady Dividend Payouts

The analyst price target for AQ Group has been revised from SEK 204.50 to SEK 210.00. Analysts attribute this change to updated assumptions for revenue growth, profit margins and the P/E multiple, which are cited as the key factors behind the new level.
Narrative Update Apr 09

AQ: Future Returns Will Depend On Acquisitions And Gradual Dividend Increases

The analyst price target for AQ Group has shifted slightly higher to SEK204.50 from SEK203.50, with analysts citing updated assumptions for revenue growth, profit margins, and future P/E levels. What's in the News AQ Group AB (publ) has proposed a dividend of SEK 1.80 per share for 2025, compared with SEK 1.60 per share previously, with a proposed record date of April 27, 2026, and expected payment on April 30, 2026 (company announcement).
Narrative Update Mar 25

AQ: Future Returns Will Rely On Acquisitions And Steady Dividend Expansion

Analysts now keep their SEK 203.50 price target on AQ Group broadly unchanged, with only very small tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions underpinning the latest update. What's in the News AQ Group AB (publ) is actively looking for acquisitions, with management highlighting a long history of buying companies in industrial market segments that are growing, supported by what is described as a strong balance sheet and net cash position (Key Developments).
Narrative Update Mar 11

AQ: Future Upside Will Depend On Acquisitions And Steady Dividend Progress

Analysts have kept their SEK 203.50 price target for AQ Group broadly unchanged, reflecting only very small tweaks to assumptions on the discount rate, revenue growth, profit margin and future P/E. Their overall valuation view remains effectively the same.
Narrative Update Feb 25

AQ: Future Upside Will Rely On Accretive Acquisitions And Firmer Margins

The analyst price target for AQ Group has been adjusted slightly higher from SEK 200 to SEK 203.5. Analysts cite updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind this change. What's in the News AQ Group AB (publ) has proposed a dividend of SEK 1.80 per share for 2025, compared with SEK 1.60 per share previously, which may be relevant if you focus on income from your holdings.
Analysis Article Feb 17

Analysts Are Updating Their AQ Group AB (publ) (STO:AQ) Estimates After Its Yearly Results

There's been a notable change in appetite for AQ Group AB (publ) ( STO:AQ ) shares in the week since its yearly report...
Narrative Update Feb 10

AQ: Steady Pricing Will Rely On Slightly Firmer Margins And P E Expectations

Analysts have kept their fair value estimate for AQ Group steady at SEK 200.0 per share, explaining that slightly higher assumed discount rates and a modestly lower revenue growth outlook are being offset by marginally stronger profit margin expectations and a small uptick in the future P/E multiple. Valuation Changes Fair value estimate remains unchanged at SEK 200.0 per share.
Narrative Update Jan 27

AQ: Steady Assumptions Will Guide Future P/E And Fairness Of Pricing

Analysts have kept the AQ Group fair value estimate steady at SEK 200.0, explaining the unchanged price target by only marginal adjustments to the discount rate, long term revenue growth, profit margin and future P/E inputs in their models. Valuation Changes Fair Value: Fair value estimate held steady at SEK 200.0 per share.
Narrative Update Jan 12

AQ: Updated Return Assumptions Will Shape Future P/E And Fair Value

Analysts have adjusted their price target for AQ Group from €190 to €200, citing revised assumptions on discount rates, revenue growth, profit margins and future P/E expectations to better reflect recent updates to their models. Valuation Changes Fair Value Estimate: raised from €190 to €200, reflecting a modest upward adjustment in the implied share value.
Analysis Article Jan 09

AQ Group AB (publ)'s (STO:AQ) Business Is Yet to Catch Up With Its Share Price

AQ Group AB (publ)'s ( STO:AQ ) price-to-earnings (or "P/E") ratio of 26.3x might make it look like a sell right now...
Analysis Article Oct 16

AQ Group (STO:AQ) Could Easily Take On More Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Sep 19

Calculating The Intrinsic Value Of AQ Group AB (publ) (STO:AQ)

Key Insights AQ Group's estimated fair value is kr208 based on 2 Stage Free Cash Flow to Equity Current share price of...
Analysis Article Sep 03

AQ Group AB (publ)'s (STO:AQ) Shares May Have Run Too Fast Too Soon

AQ Group AB (publ)'s ( STO:AQ ) price-to-earnings (or "P/E") ratio of 25.4x might make it look like a sell right now...
Analysis Article Aug 07

Returns Are Gaining Momentum At AQ Group (STO:AQ)

OM:AQ 1 Year Share Price vs Fair Value Explore AQ Group's Fair Values from the Community and select yours What are the...
Analysis Article Jul 18

AQ Group AB (publ) Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next

It's been a good week for AQ Group AB (publ) ( STO:AQ ) shareholders, because the company has just released its latest...
Analysis Article May 10

Subdued Growth No Barrier To AQ Group AB (publ) (STO:AQ) With Shares Advancing 27%

AQ Group AB (publ) ( STO:AQ ) shareholders would be excited to see that the share price has had a great month, posting...
Analysis Article Apr 26

AQ Group AB (publ) (STO:AQ) Just Released Its First-Quarter Earnings: Here's What Analysts Think

It's been a good week for AQ Group AB (publ) ( STO:AQ ) shareholders, because the company has just released its latest...
Analysis Article Apr 17

Increases to CEO Compensation Might Be Put On Hold For Now at AQ Group AB (publ) (STO:AQ)

Key Insights AQ Group's Annual General Meeting to take place on 23rd of April Salary of kr2.63m is part of CEO James...
Analysis Article Apr 15

Returns Are Gaining Momentum At AQ Group (STO:AQ)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 02

We Think AQ Group (STO:AQ) Can Manage Its Debt With Ease

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 17

Estimating The Intrinsic Value Of AQ Group AB (publ) (STO:AQ)

Key Insights The projected fair value for AQ Group is kr178 based on 2 Stage Free Cash Flow to Equity Current share...
User avatar
New Narrative Mar 11

Operational Efficiency Will Improve Through Expansion Into Electrification And Med-Tech

Strategic acquisitions and expansion in growth sectors like electrification and med-tech are set to enhance AQ Group's revenue and operational scale.
Analysis Article Mar 04

Does AQ Group (STO:AQ) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Jan 14

AQ Group's (STO:AQ) Returns On Capital Are Heading Higher

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article Dec 24

These 4 Measures Indicate That AQ Group (STO:AQ) Is Using Debt Safely

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 27

Little Excitement Around AQ Group AB (publ)'s (STO:AQ) Earnings

With a price-to-earnings (or "P/E") ratio of 19.3x AQ Group AB (publ) ( STO:AQ ) may be sending bullish signals at the...
Analysis Article Aug 29

Investors Don't See Light At End Of AQ Group AB (publ)'s (STO:AQ) Tunnel

AQ Group AB (publ)'s ( STO:AQ ) price-to-earnings (or "P/E") ratio of 17.9x might make it look like a buy right now...
Analysis Article Aug 04

Is AQ Group (STO:AQ) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 04

AQ Group (STO:AQ) Shareholders Will Want The ROCE Trajectory To Continue

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Analysis Article May 10

Even With A 26% Surge, Cautious Investors Are Not Rewarding AQ Group AB (publ)'s (STO:AQ) Performance Completely

AQ Group AB (publ) ( STO:AQ ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
Analysis Article Apr 19

We Think AQ Group (STO:AQ) Can Manage Its Debt With Ease

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Apr 01

AQ Group's (STO:AQ) Shareholders Will Receive A Bigger Dividend Than Last Year

AQ Group AB (publ)'s ( STO:AQ ) dividend will be increasing from last year's payment of the same period to SEK6.66 on...
Analysis Article Oct 23

Is Now The Time To Put AQ Group (STO:AQ) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Jul 15

AQ Group (STO:AQ) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...

Shareholder Returns

AQSE ElectricalSE Market
7D-4.9%-6.4%-2.1%
1Y24.3%-12.6%9.3%

Return vs Industry: AQ exceeded the Swedish Electrical industry which returned 2.6% over the past year.

Return vs Market: AQ exceeded the Swedish Market which returned 10.5% over the past year.

Price Volatility

Is AQ's price volatile compared to industry and market?
AQ volatility
AQ Average Weekly Movement4.9%
Electrical Industry Average Movement12.3%
Market Average Movement6.2%
10% most volatile stocks in SE Market13.9%
10% least volatile stocks in SE Market3.5%

Stable Share Price: AQ has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: AQ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19867,815James Ahrgrenwww.aqgroup.com

AQ Group AB (publ) develops, manufactures, and assembles components and systems for industrial customers in Sweden, Finland, Germany, the United States, China, France, Poland, China, Italy, the Netherlands, India, Canada, and internationally. It operates through two segments, Component and System. The company offers electric cabinets for food processing, control and power equipment for ship cranes, control equipment for automated handling of goods in ports, and monitoring and control systems for motors and generators; and wiring systems and electromechanical modules for the railway, car, truck, bus, engine, agriculture and forestry, construction and mining, material handling, and general engineering industries.

AQ Group AB (publ) Fundamentals Summary

How do AQ Group's earnings and revenue compare to its market cap?
AQ fundamental statistics
Market capSEK 20.92b
Earnings (TTM)SEK 689.00m
Revenue (TTM)SEK 9.14b
30.4x
P/E Ratio
2.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AQ income statement (TTM)
RevenueSEK 9.14b
Cost of RevenueSEK 4.46b
Gross ProfitSEK 4.68b
Other ExpensesSEK 3.99b
EarningsSEK 689.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 14, 2026

Earnings per share (EPS)7.51
Gross Margin51.24%
Net Profit Margin7.54%
Debt/Equity Ratio0.4%

How did AQ perform over the long term?

See historical performance and comparison

Dividends

0.8%
Current Dividend Yield
24%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 04:45
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AQ Group AB (publ) is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Johan WallABG Sundal Collier Sponsored
Jakob SöderblomDNB Carnegie
Albin NordmarkNordea Markets