ASSA ABLOY Past Earnings Performance
Past criteria checks 4/6
ASSA ABLOY has been growing earnings at an average annual rate of 8.5%, while the Building industry saw earnings declining at 4.7% annually. Revenues have been growing at an average rate of 11.7% per year. ASSA ABLOY's return on equity is 14.5%, and it has net margins of 10.5%.
Key information
8.55%
Earnings growth rate
8.55%
EPS growth rate
| Building Industry Growth | 18.77% |
| Revenue growth rate | 11.65% |
| Return on equity | 14.54% |
| Net Margin | 10.51% |
| Next Earnings Update | 17 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 05
ASSA B: European Construction Recovery And Acquisitions Will Drive More Optimistic Rating Shift
Analysts have lowered the updated price target on ASSA ABLOY to SEK 398.45 from SEK 403.67, reflecting a slightly higher discount rate and modestly reduced projected profit margin, which offset more optimistic assumptions on revenue growth and future P/E. Analyst Commentary Recent Street research on ASSA ABLOY shows a mix of constructive and cautious views, with analysts adjusting ratings and price targets around differing assumptions on valuation, execution and end market conditions.Analysis Article • May 01
Analysts Are Updating Their ASSA ABLOY AB (publ) (STO:ASSA B) Estimates After Its First-Quarter Results
Last week, you might have seen that ASSA ABLOY AB (publ) ( STO:ASSA B ) released its first-quarter result to the...
Narrative Update • Apr 21
ASSA B: Rising Fair Value Will Reflect Stronger Earnings Execution And Margin Confidence
Analysts have lifted the ASSA ABLOY price target from SEK 440 to around SEK 486, citing updated assumptions for revenue growth, profit margins and future P/E, along with recent rating upgrades that offset a previous target cut from another firm. Analyst Commentary Recent Street research around ASSA ABLOY points to a generally constructive tone, with several bullish analysts raising targets or upgrading their stance even as JPMorgan has trimmed its target by SEK 30.
Narrative Update • Apr 06
ASSA B: European Construction Recovery Hopes Will Face Rich Multiple And Margin Risks
Analysts have trimmed their fair value estimate for ASSA ABLOY from about SEK 312 to around SEK 305, reflecting a slightly higher discount rate and modestly lower expected profit margins, even as they factor in somewhat stronger revenue growth and maintain a similar future P/E profile, against a backdrop of mixed but generally constructive price target revisions across the Street. Analyst Commentary Recent Street research around ASSA ABLOY has been mixed, with some firms expressing more constructive views while others have taken a step back on valuation and execution risk.Narrative Update • Mar 23
ASSA B: European Construction Recovery Expectations Will Support More Optimistic Rating Shift
ASSA ABLOY’s analyst price target has been raised to SEK 466, reflecting analysts’ updated fair value assumptions, a slightly lower discount rate, modestly higher expected revenue growth and a higher future P/E multiple, partly offset by a marginally lower profit margin assumption. Analyst Commentary Recent Street research on ASSA ABLOY shows a mix of constructive and cautious views around the updated SEK 466 price target, with opinions largely centered on how the company might execute against its growth opportunities and how the current valuation reflects those expectations.Narrative Update • Mar 09
ASSA B: European Construction Recovery Expectations Will Test Rich Multiple And Execution Credentials
The analyst price target for ASSA ABLOY has increased by about SEK 5 to SEK 312, as analysts factor in updated assumptions on growth, margins and P/E multiples, along with recent Street research that highlights a potential recovery in European construction activity and mixed views across brokerage houses. Analyst Commentary Recent Street research on ASSA ABLOY presents a split view, with some firms lifting ratings and targets and others turning more cautious.Narrative Update • Feb 23
ASSA B: Mixed Rating Shifts Will Shape Cautious Yet Balanced Fair Outlook
The analyst price target for ASSA ABLOY is updated to SEK 399.56 from SEK 377.84, with analysts pointing to revised fair value assumptions, a slightly higher discount rate, adjusted revenue growth expectations, a modestly higher profit margin outlook, and a higher future P/E multiple, along with recent mixed Street views including a SEK 30 target increase from one firm and a downgrade from another. Analyst Commentary Bullish Takeaways Bullish analysts highlight room for upside to their previous assumptions, reflected in a SEK 30 uplift in one published price target that feeds into the updated blended target of SEK 399.56.Narrative Update • Feb 08
ASSA B: Higher Fair Value Will Reflect Stronger Earnings Execution Confidence
Narrative Update The analyst fair value estimate for ASSA ABLOY moves from SEK 410.00 to SEK 440.00. This reflects updated views from analysts who have recently adjusted their price targets and growth assumptions while keeping a relatively similar future P/E framework.Narrative Update • Jan 25
ASSA B: Mixed Rating Shifts Will Support Cautious Yet Balanced Fair Outlook
Narrative Update The analyst price target for ASSA ABLOY has been adjusted slightly higher to SEK 377.84 from SEK 373.35, reflecting updated views on revenue growth, margins and future P/E assumptions. This comes even as recent Street research has included both a more cautious stance from Pareto and modest price target increases from Deutsche Bank and Morgan Stanley.Analysis Article • Jan 18
ASSA ABLOY AB (publ)'s (STO:ASSA B) Share Price Could Signal Some Risk
When close to half the companies in Sweden have price-to-earnings ratios (or "P/E's") below 22x, you may consider ASSA...Narrative Update • Jan 10
ASSA B: Higher Street Hurdles Will Expose Rich Pricing To Execution Risk
Analysts have made a modest downward tweak to their fair value estimate for ASSA ABLOY to SEK 307.55 from SEK 308.25, even though recent Street research has reflected higher price targets of SEK 340 and SEK 350, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E. Analyst Commentary The latest Street research has introduced higher price targets of SEK 340 and SEK 350, while still pairing those targets with neutral stock ratings such as Hold and Equal Weight.Analysis Article • Jan 04
These 4 Measures Indicate That ASSA ABLOY (STO:ASSA B) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Dec 20
ASSA B Will Face Limited Upside As Rich Pricing Meets Execution Risks
Analysts have raised their price target on ASSA ABLOY from about SEK 260 to roughly SEK 310, citing stronger expected revenue growth, slightly higher profit margins, and an upwardly revised future price-to-earnings multiple. Analyst Commentary Recent Street research on ASSA ABLOY has featured a series of incremental price target increases, but the prevailing stance from several bearish analysts remains one of caution rather than conviction.Analysis Article • Dec 08
Is Now The Time To Look At Buying ASSA ABLOY AB (publ) (STO:ASSA B)?
Let's talk about the popular ASSA ABLOY AB (publ) ( STO:ASSA B ). The company's shares saw a double-digit share price...Narrative Update • Dec 06
ASSA B: Modest Price Objective Increase Will Support Balanced Fair Outlook
ASSA ABLOY's analyst price target has been raised modestly, supported by analysts citing steady revenue growth, resilient profit margins, and a slightly higher future earnings multiple that together underpin fair value estimates in the SEK 340 to SEK 350 range. Analyst Commentary Recent target increases from multiple firms point to a cautiously constructive stance, with bullish analysts acknowledging solid execution while still framing the stock as fairly valued rather than compellingly mispriced.Narrative Update • Nov 21
ASSA B: Price Objective Increases Will Sustain Fair Outlook Amid Cautious Market
ASSA ABLOY's analyst price target has been modestly reduced to SEK 373.35 from SEK 375.44, as analysts cite steady profit margin and revenue projections, even though several major banks have recently made incremental price target increases. Analyst Commentary Recent street research reflects a balanced view on ASSA ABLOY, with several analysts revising their outlooks based on current market performance, valuation, and growth expectations.Narrative Update • Nov 06
ASSA B: Recovery Signs In U S Construction Will Drive Balanced Outlook
ASSA ABLOY's analyst price target has increased modestly, rising from SEK 366.06 to SEK 375.44 as analysts cite signs of end market recovery and ongoing confidence in the company’s growth outlook. Analyst Commentary Recent analyst activity reflects cautious optimism toward ASSA ABLOY's outlook, with several price target increases and an upgrade in rating tied to perceived improvements in key end markets and ongoing operational execution.Analysis Article • Oct 29
ASSA ABLOY (STO:ASSA B) Is Due To Pay A Dividend Of SEK2.95
ASSA ABLOY AB (publ) ( STO:ASSA B ) will pay a dividend of SEK2.95 on the 14th of November. This makes the dividend...Narrative Update • Oct 23
Analyst Upgrades and Higher Price Targets Signal Improved Outlook for ASSA ABLOY
ASSA ABLOY's analyst price target has been increased from SEK 355.75 to SEK 366.06, as analysts cite stronger forecasts for revenue growth and ongoing improvements in key end markets such as U.S. non-residential construction. Analyst Commentary Recent analyst actions indicate a shift in sentiment regarding ASSA ABLOY, as multiple price target increases and rating upgrades reflect evolving perspectives on the company's outlook and market dynamics.Analysis Article • Oct 15
ASSA ABLOY (STO:ASSA B) Will Pay A Dividend Of SEK2.95
The board of ASSA ABLOY AB (publ) ( STO:ASSA B ) has announced that it will pay a dividend of SEK2.95 per share on the...Narrative Update • Oct 09
North American Construction And Digital Access Will Redefine Markets
The analyst price target for ASSA ABLOY has edged up from SEK 351.41 to SEK 355.75. This reflects modest optimism as analysts cite improved market conditions and recovery in key construction segments.Narrative Update • Sep 25
North American Construction And Digital Access Will Redefine Markets
Despite optimism around stabilizing demand, improved construction activity, and resilient margins, the consensus analyst price target for ASSA ABLOY was modestly reduced from SEK356.00 to SEK351.41. Analyst Commentary Bullish analysts cite a recovery in U.S. non-residential construction, a key end market for Assa Abloy, as supporting improved sentiment.Analysis Article • Sep 04
Investor Optimism Abounds ASSA ABLOY AB (publ) (STO:ASSA B) But Growth Is Lacking
With a median price-to-earnings (or "P/E") ratio of close to 23x in Sweden, you could be forgiven for feeling...Narrative Update • Aug 27
North American Construction And Digital Access Will Redefine Markets
Analysts have modestly raised their price target for ASSA ABLOY to SEK356.00, citing improving sentiment driven by signs of recovery in the U.S. non-residential construction sector and stronger industry trends, tempered by continued caution around near-term growth and execution risks. Analyst Commentary Bullish analysts cite signs of recovery in the U.S. non-residential construction sector, a key end market, as a primary driver for upward price target revisions.Analysis Article • Aug 20
ASSA ABLOY (STO:ASSA B) Is Due To Pay A Dividend Of SEK2.95
ASSA ABLOY AB (publ)'s ( STO:ASSA B ) investors are due to receive a payment of SEK2.95 per share on 14th of November...Analysis Article • Aug 05
ASSA ABLOY (STO:ASSA B) Has Announced A Dividend Of SEK2.95
The board of ASSA ABLOY AB (publ) ( STO:ASSA B ) has announced that it will pay a dividend on the 14th of November...Analysis Article • Jul 21
ASSA ABLOY AB (publ) (STO:ASSA B) Just Reported Second-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
It's been a good week for ASSA ABLOY AB (publ) ( STO:ASSA B ) shareholders, because the company has just released its...Analysis Article • Jul 07
ASSA ABLOY (STO:ASSA B) Is Due To Pay A Dividend Of SEK2.95
The board of ASSA ABLOY AB (publ) ( STO:ASSA B ) has announced that it will pay a dividend on the 14th of November...Analysis Article • Jun 23
ASSA ABLOY's (STO:ASSA B) Dividend Will Be SEK2.95
The board of ASSA ABLOY AB (publ) ( STO:ASSA B ) has announced that it will pay a dividend on the 14th of November...
New Narrative • Nov 07
Smart Locks And Tactical Focus Propel Future Profitability In A Challenging Landscape
Strong growth strategy through acquisitions and launch of high-tech products posits increased revenue and potential earnings growth by expanding product offerings.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How ASSA ABLOY makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 150,220 | 15,789 | 33,007 | 6,883 |
| 31 Dec 25 | 152,409 | 14,701 | 34,354 | 6,883 |
| 30 Sep 25 | 153,678 | 14,683 | 35,553 | 6,101 |
| 30 Jun 25 | 152,949 | 14,533 | 35,031 | 6,101 |
| 31 Mar 25 | 152,902 | 14,636 | 34,676 | 6,101 |
| 31 Dec 24 | 150,162 | 15,639 | 32,439 | 6,101 |
| 30 Sep 24 | 147,556 | 15,326 | 30,601 | 5,712 |
| 30 Jun 24 | 147,019 | 14,713 | 30,433 | 5,712 |
| 31 Mar 24 | 143,525 | 14,372 | 29,399 | 5,712 |
| 31 Dec 23 | 140,716 | 13,633 | 28,948 | 5,712 |
| 30 Sep 23 | 136,661 | 13,402 | 29,259 | 4,834 |
| 30 Jun 23 | 131,601 | 13,567 | 27,564 | 4,834 |
| 31 Mar 23 | 126,593 | 13,146 | 26,051 | 4,834 |
| 31 Dec 22 | 120,793 | 13,291 | 23,878 | 4,834 |
| 30 Sep 22 | 113,501 | 12,605 | 23,136 | 3,936 |
| 30 Jun 22 | 105,610 | 11,447 | 21,622 | 3,936 |
| 31 Mar 22 | 99,793 | 11,505 | 20,245 | 3,936 |
| 31 Dec 21 | 95,007 | 10,900 | 19,302 | 3,936 |
| 30 Sep 21 | 92,682 | 9,329 | 19,701 | 3,902 |
| 30 Jun 21 | 90,977 | 11,373 | 19,154 | 3,902 |
| 31 Mar 21 | 87,281 | 9,560 | 18,896 | 3,902 |
| 31 Dec 20 | 87,649 | 9,171 | 19,625 | 3,902 |
| 30 Sep 20 | 89,298 | 10,217 | 20,059 | 3,566 |
| 30 Jun 20 | 91,107 | 8,476 | 20,236 | 3,566 |
| 31 Mar 20 | 94,697 | 9,638 | 20,432 | 3,566 |
| 31 Dec 19 | 94,029 | 9,993 | 19,554 | 3,566 |
| 30 Sep 19 | 92,249 | 9,103 | 19,863 | 2,893 |
| 30 Jun 19 | 89,406 | 8,790 | 19,095 | 2,893 |
| 31 Mar 19 | 87,003 | 3,008 | 18,802 | 2,893 |
| 31 Dec 18 | 84,048 | 2,753 | 17,989 | 2,893 |
| 30 Sep 18 | 80,990 | 3,510 | 17,596 | 2,244 |
| 30 Jun 18 | 78,298 | 3,280 | 16,833 | 2,244 |
| 31 Mar 18 | 76,545 | 8,678 | 15,832 | 2,244 |
| 31 Dec 17 | 76,137 | 8,633 | 15,688 | 2,244 |
| 30 Sep 17 | 75,512 | 7,113 | 15,964 | 2,218 |
| 30 Jun 17 | 75,037 | 7,065 | 15,872 | 2,218 |
| 31 Mar 17 | 73,544 | 6,907 | 15,530 | 2,218 |
| 31 Dec 16 | 71,293 | 6,623 | 15,016 | 2,218 |
| 30 Sep 16 | 70,109 | 7,879 | 14,315 | 1,932 |
| 30 Jun 16 | 69,550 | 7,843 | 13,981 | 1,932 |
| 31 Mar 16 | 68,738 | 7,712 | 13,760 | 1,932 |
| 31 Dec 15 | 68,099 | 7,693 | 13,507 | 1,932 |
| 30 Sep 15 | 65,646 | 7,461 | 13,393 | 1,545 |
| 30 Jun 15 | 62,909 | 7,142 | 12,788 | 1,545 |
Quality Earnings: ASSA B has high quality earnings.
Growing Profit Margin: ASSA B's current net profit margins (10.5%) are higher than last year (9.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ASSA B's earnings have grown by 8.5% per year over the past 5 years.
Accelerating Growth: ASSA B's earnings growth over the past year (7.9%) is below its 5-year average (8.5% per year).
Earnings vs Industry: ASSA B earnings growth over the past year (7.9%) exceeded the Building industry -0.5%.
Return on Equity
High ROE: ASSA B's Return on Equity (14.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 09:00 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
ASSA ABLOY AB (publ) is covered by 42 analysts. 20 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 |
|---|---|
| null null | ABG Sundal Collier |
| Allan Smylie | Barclays |
| George Featherstone | Barclays |