MILDES Stock Overview

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally. More details

MILDES fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	6/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 29.2% below our estimate of its fair value

Earnings are forecast to grow 73% per year

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Significant insider selling over the past 3 months

Community vs My Fair Value

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MilDef Group AB (publ) Competitors

Chemring Group

LSE:CHG

UK£1.1b

Cohort

AIM:CHRT

UK£635.7m

Senior

LSE:SNR

UK£598.1m

QinetiQ Group

LSE:QQ.

UK£2.2b

Price History & Performance

Summary of share price highs, lows and changes for MilDef Group
Historical stock prices
Current Share Price	SEK 250.10
52 Week High	SEK 257.10
52 Week Low	SEK 160.20
Beta	1.35
1 Month Change	20.53%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	50.12%

Recent updates

Shareholder Returns

	MILDES	GB Aerospace & Defense	GB Market
7D	0%	5.7%	2.1%
1Y	n/a	23.1%	2.2%

Return vs Industry: Insufficient data to determine how MILDES performed against the UK Aerospace & Defense industry.

Return vs Market: Insufficient data to determine how MILDES performed against the UK Market.

Price Volatility

Is MILDES's price volatile compared to industry and market?
MILDES volatility
MILDES Average Weekly Movement	n/a
Aerospace & Defense Industry Average Movement	6.4%
Market Average Movement	5.7%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	3.1%

Stable Share Price: MILDES's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine MILDES's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1997	327	Daniel Ljunggren	www.mildef.com

MilDef Group AB (publ), together with its subsidiaries, develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally. The company offers rack mount IT equipment, rugged computers, KVM, switches, routers, power distribution, customer projects, and accessories; laptops, tablets, and handhelds; intelligent displays; special electronics; concept products; and fiber optic and keyboards. It also provides OneCIS, a tactical C2IS platform; development services; and consulting services, such as project management and facilitating, change management and benefit realization, service design and architecture, and IT advisory and security.

MilDef Group AB (publ) Fundamentals Summary

How do MilDef Group's earnings and revenue compare to its market cap?
MILDES fundamental statistics
Market cap	SEK 12.20b
Earnings (TTM)	-SEK 220.30m
Revenue (TTM)	SEK 1.20b

10.2x

P/S Ratio

-55.4x

P/E Ratio

Is MILDES overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MILDES income statement (TTM)
Revenue	SEK 1.20b
Cost of Revenue	SEK 611.80m
Gross Profit	SEK 589.10m
Other Expenses	SEK 809.40m
Earnings	-SEK 220.30m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Jul 18, 2025

Earnings per share (EPS)	-4.68
Gross Margin	49.05%
Net Profit Margin	-18.34%
Debt/Equity Ratio	12.2%

How did MILDES perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

-9%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/06 15:03
End of Day Share Price	2025/04/29 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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

MilDef Group AB (publ) is covered by 5 analysts. 5 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
Hugo Lisjo	Carnegie Commissioned Research
Daniel Lindkvist	Danske Bank
Tom Guinchard	Pareto Securities

MilDef Group BATS-CHIXE:MILDES Stock Report