M46 Stock Overview

Manufactures and sells stainless steels, special alloys, medical wire, and industrial heating products in Europe, North America, Asia, and internationally. More details

M46 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 45.1% below our estimate of its fair value

Earnings are forecast to grow 16.64% per year

Risk Analysis

No risks detected for M46 from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Alleima AB (publ) Competitors

Eisen- und Hüttenwerke

DB:EIS

€211.2m

Aurubis

XTRA:NDA

€3.4b

K+S

XTRA:SDF

€1.9b

Sto SE KGaA

XTRA:STO3

€695.3m

Price History & Performance

Summary of share price highs, lows and changes for Alleima
Historical stock prices
Current Share Price	SEK 6.24
52 Week High	SEK 7.06
52 Week Low	SEK 5.40
Beta	1.1
1 Month Change	1.38%
3 Month Change	3.31%
1 Year Change	-5.87%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	64.08%

Recent updates

Shareholder Returns

	M46	DE Metals and Mining	DE Market
7D	-7.5%	-3.0%	-2.0%
1Y	-5.9%	-23.1%	6.9%

Return vs Industry: M46 exceeded the German Metals and Mining industry which returned -23.1% over the past year.

Return vs Market: M46 underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is M46's price volatile compared to industry and market?
M46 volatility
M46 Average Weekly Movement	4.6%
Metals and Mining Industry Average Movement	12.0%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.3%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: M46 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: M46's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1862	6,299	Goran Bjorkman	www.alleima.com

Alleima AB (publ) manufactures and sells stainless steels, special alloys, medical wire, and industrial heating products in Europe, North America, Asia, and internationally. It operates in three divisions: Tube, Kanthal, and Strip. The company offers tubes for extraction and production of oil and gas, advanced stainless steel, umbilical tubes, control lines, corrosion-resistant alloys, and oil country tubular goods; hollow solid round bar, high-pressure and composite tubing, semi-finished ingots and blooms, and billets; hydraulic- and instrumentation tubing, heat exchangers, process piping, high-temperature applications, and high-pressure equipment for fertilizer production; and metallic and ceramic heating elements; diffusion cassettes, lithium-ion batteries, ceramics and steels, and various electronic appliances.

Alleima AB (publ) Fundamentals Summary

How do Alleima's earnings and revenue compare to its market cap?
M46 fundamental statistics
Market cap	€1.60b
Earnings (TTM)	€115.51m
Revenue (TTM)	€1.71b

13.9x

P/E Ratio

0.9x

P/S Ratio

Is M46 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
M46 income statement (TTM)
Revenue	SEK 19.64b
Cost of Revenue	SEK 15.63b
Gross Profit	SEK 4.01b
Other Expenses	SEK 2.68b
Earnings	SEK 1.33b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 24, 2025

Earnings per share (EPS)	5.31
Gross Margin	20.42%
Net Profit Margin	6.77%
Debt/Equity Ratio	6.1%

How did M46 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

38%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 05:49
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Alleima AB (publ) is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Patrick Mann	BofA Global Research
Olof Krook Larshammar	Danske Bank
Viktor Trollsten	Danske Bank