Ovzon AB (publ)

OM:OVZON Stock Report

Market Cap: SEK 7.0b

Ovzon Future Growth

Future criteria checks 2/6

Ovzon is forecast to grow earnings and revenue by 7.4% and 1% per annum respectively. EPS is expected to grow by 7.5% per annum. Return on equity is forecast to be 11.8% in 3 years.

Key information

7.4%

Earnings growth rate

7.51%

EPS growth rate

Telecom earnings growth21.4%
Revenue growth rate1.0%
Future return on equity11.80%
Analyst coverage

Low

Last updated19 May 2026

Recent future growth updates

Analysis Article Nov 05

Ovzon AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Ovzon AB (publ) ( STO:OVZON ) missed earnings with its latest third-quarter results, disappointing overly-optimistic...
Analysis Article Aug 20

Ovzon AB (publ) Just Missed Revenue By 15%: Here's What Analysts Think Will Happen Next

OM:OVZON 1 Year Share Price vs Fair Value Explore Ovzon's Fair Values from the Community and select yours It's been a...
Analysis Article Apr 27

Earnings Update: Here's Why Analysts Just Lifted Their Ovzon AB (publ) (STO:OVZON) Price Target To kr22.50

Investors in Ovzon AB (publ) ( STO:OVZON ) had a good week, as its shares rose 5.2% to close at kr28.10 following the...
Analysis Article Nov 20

Earnings Release: Here's Why Analysts Cut Their Ovzon AB (publ) (STO:OVZON) Price Target To kr15.00

A week ago, Ovzon AB (publ) ( STO:OVZON ) came out with a strong set of third-quarter numbers that could potentially...

Recent updates

Narrative Update May 05

OVZON: Defence Reliance And New SATCOM Services Will Shape Fairly Balanced Outlook

Analysts have maintained their SEK 56.8 price target for Ovzon, supported by updated assumptions that now reflect a revenue growth rate of 1.88%, a profit margin of 30.99% and a forward P/E of 24.57x. What's in the News Ovzon introduced the Ovzon T8, described as the smallest mobile satellite terminal in its class, aimed at military, civil defense, and commercial users for mission-critical connectivity across air, land, and sea (Key Developments).
Narrative Update Apr 21

OVZON: Defence Contract Reliance Will Sustain Overvaluation Risk Despite Stable Assumptions

Analysts have kept their fair value view on Ovzon broadly unchanged, maintaining a SEK56.8 price target supported by almost identical long term assumptions on revenue growth, discount rate, profit margin and future P/E. This indicates a stable outlook in their updated analysis.
Narrative Update Apr 02

OVZON: Defence Contracts And Stable Assumptions Will Support Balanced Fair Value

Analysts kept their SEK 56.80 price target for Ovzon unchanged, reflecting largely consistent assumptions on discount rate, revenue growth, profit margin and future P/E, with only negligible technical adjustments to the underlying model inputs. What's in the News Ovzon AB received a three month order, via SES Space & Defense, to provide SATCOM services and technical support to the U.S. Department of War, valued at US$1.3 million, approximately SEK 12 million (Key Developments).
Narrative Update Mar 18

OVZON: Defence Contracts Will Sustain Earnings Expectations Despite Bearish Index Exit Risk

The latest analyst narrative on Ovzon leaves the fair value estimate broadly unchanged at SEK56.8. Analysts point to essentially stable assumptions for growth, margins and future P/E as the basis for maintaining their price target level. What's in the News Ovzon received a three month order worth US$1.3 million (about SEK 12 million) via SES Space & Defense to provide SATCOM services and technical support to the U.S. Department of War.
Narrative Update Mar 03

OVZON: Defence Contracts And Index Exit Will Shape Fairly Valued Outlook

Analysts have raised their fair value estimate for Ovzon to SEK56.80 from SEK53.30, reflecting updated assumptions around future revenue growth, profit margins and a higher forward P/E multiple. What's in the News Ovzon has been removed from the OMX Nordic Small Cap Index, which may affect index fund ownership and trading volumes for the share.
Narrative Update Feb 17

OVZON: Defence Contracts And Index Exit Will Shape Fairly Valued Outlook

Ovzon's analyst price target has been updated to SEK 53.30, as analysts refresh their assumptions around the discount rate, profit margin and forward P/E, while keeping their fair value estimate unchanged at SEK 53.30. What's in the News Ovzon has been removed from the OMX Nordic Small Cap Index, reflecting a change in the index composition rather than any stated view on the company’s fundamentals (Index Constituent Drops).
Analysis Article Feb 05

Ovzon (STO:OVZON) Is Experiencing Growth In Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
New Narrative Feb 05

Rising Defense And Public Safety Demand Will Support Long Term Satellite Communications Upside

Catalysts About Ovzon Ovzon provides secure, integrated satellite communication solutions for mission critical Defense, National Security and Public Safety customers. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 03

OVZON: Defence Contracts And Index Exit Will Shape Future Balanced Outlook

Analysts have adjusted their price target on Ovzon to reflect updated revenue growth assumptions of 26.39% and a profit margin outlook of 41.84%, while keeping the fair value estimate steady at 53.3 and slightly lowering the future P/E expectation to 14.23x. What's in the News Ovzon has been removed from the OMX Nordic Small Cap Index, which may affect how some index-linked investors gain exposure to the stock (Key Developments).
Narrative Update Jan 19

OVZON: Future Defence Contracts And Index Exit Will Shape Balanced Outlook

Analysts have raised their price target on Ovzon from SEK 44.50 to SEK 53.30, citing updated assumptions that include a slightly higher discount rate, more moderate revenue growth, a marginally stronger profit margin and a higher future P/E multiple. What's in the News Ovzon AB has been removed from the OMX Nordic Small Cap Index, which may affect how index funds and some institutional investors hold or trade the share.
Analysis Article Jan 12

Ovzon AB (publ)'s (STO:OVZON) P/S Is Still On The Mark Following 25% Share Price Bounce

Despite an already strong run, Ovzon AB (publ) ( STO:OVZON ) shares have been powering on, with a gain of 25% in the...
Analysis Article Dec 22

Ovzon (STO:OVZON) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 28

Market Participants Recognise Ovzon AB (publ)'s (STO:OVZON) Revenues

Ovzon AB (publ)'s ( STO:OVZON ) price-to-sales (or "P/S") ratio of 6.1x may look like a poor investment opportunity...
Analysis Article Nov 05

Ovzon AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Ovzon AB (publ) ( STO:OVZON ) missed earnings with its latest third-quarter results, disappointing overly-optimistic...
Analysis Article Aug 20

Ovzon AB (publ) Just Missed Revenue By 15%: Here's What Analysts Think Will Happen Next

OM:OVZON 1 Year Share Price vs Fair Value Explore Ovzon's Fair Values from the Community and select yours It's been a...
Analysis Article Jul 11

Why Investors Shouldn't Be Surprised By Ovzon AB (publ)'s (STO:OVZON) 26% Share Price Surge

Despite an already strong run, Ovzon AB (publ) ( STO:OVZON ) shares have been powering on, with a gain of 26% in the...
Analysis Article Jun 14

Analyst Forecasts For Ovzon AB (publ) (STO:OVZON) Are Surging Higher

Ovzon AB (publ) ( STO:OVZON ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Jun 01

Ovzon (STO:OVZON) Is Making Moderate Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
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New Narrative May 12

Advanced Satellite Deployment Will Open US And European Markets

Expansion into Europe and the USA and stronger Swedish krona impacts suggest potential revenue growth and improved net margins.
Analysis Article Apr 27

Earnings Update: Here's Why Analysts Just Lifted Their Ovzon AB (publ) (STO:OVZON) Price Target To kr22.50

Investors in Ovzon AB (publ) ( STO:OVZON ) had a good week, as its shares rose 5.2% to close at kr28.10 following the...
Analysis Article Apr 18

We Think Some Shareholders May Hesitate To Increase Ovzon AB (publ)'s (STO:OVZON) CEO Compensation

Key Insights Ovzon will host its Annual General Meeting on 24th of April Total pay for CEO Per Noren includes kr5.47m...
Analysis Article Mar 18

Ovzon AB (publ) (STO:OVZON) Looks Just Right With A 63% Price Jump

Despite an already strong run, Ovzon AB (publ) ( STO:OVZON ) shares have been powering on, with a gain of 63% in the...
Analysis Article Dec 30

Investors Appear Satisfied With Ovzon AB (publ)'s (STO:OVZON) Prospects As Shares Rocket 25%

Ovzon AB (publ) ( STO:OVZON ) shares have had a really impressive month, gaining 25% after a shaky period beforehand...
Analysis Article Nov 20

Earnings Release: Here's Why Analysts Cut Their Ovzon AB (publ) (STO:OVZON) Price Target To kr15.00

A week ago, Ovzon AB (publ) ( STO:OVZON ) came out with a strong set of third-quarter numbers that could potentially...
Analysis Article Nov 07

Ovzon AB (publ)'s (STO:OVZON) Stock Retreats 27% But Revenues Haven't Escaped The Attention Of Investors

To the annoyance of some shareholders, Ovzon AB (publ) ( STO:OVZON ) shares are down a considerable 27% in the last...
Analysis Article Sep 17

Investors Still Waiting For A Pull Back In Ovzon AB (publ) (STO:OVZON)

Ovzon AB (publ)'s ( STO:OVZON ) price-to-sales (or "P/S") ratio of 5.9x may look like a poor investment opportunity...
Analysis Article Aug 22

Analysts Have Just Cut Their Ovzon AB (publ) (STO:OVZON) Revenue Estimates By 11%

Today is shaping up negative for Ovzon AB (publ) ( STO:OVZON ) shareholders, with the analysts delivering a substantial...
Analysis Article Aug 21

Ovzon AB (publ) (STO:OVZON) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

As you might know, Ovzon AB (publ) ( STO:OVZON ) last week released its latest quarterly, and things did not turn out...
Analysis Article Jun 11

Investors Appear Satisfied With Ovzon AB (publ)'s (STO:OVZON) Prospects As Shares Rocket 26%

Ovzon AB (publ) ( STO:OVZON ) shares have continued their recent momentum with a 26% gain in the last month alone...
Analysis Article May 22

Is Ovzon (STO:OVZON) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 22

Why Investors Shouldn't Be Surprised By Ovzon AB (publ)'s (STO:OVZON) 29% Share Price Surge

Those holding Ovzon AB (publ) ( STO:OVZON ) shares would be relieved that the share price has rebounded 29% in the last...
Analysis Article Mar 03

Analysts Just Published A Bright New Outlook For Ovzon AB (publ)'s (STO:OVZON)

Celebrations may be in order for Ovzon AB (publ) ( STO:OVZON ) shareholders, with the analysts delivering a significant...
Analysis Article Dec 27

After Leaping 158% Ovzon AB (publ) (STO:OVZON) Shares Are Not Flying Under The Radar

Ovzon AB (publ) ( STO:OVZON ) shareholders are no doubt pleased to see that the share price has bounced 158% in the...

Earnings and Revenue Growth Forecasts

OM:OVZON - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20289702683974284
12/31/20279632603613924
12/31/20261,0292532923204
3/31/2026912211304346N/A
12/31/2025741137289337N/A
9/30/2025571-25208256N/A
6/30/2025464-85-2743N/A
3/31/2025367-12325120N/A
12/31/2024345-162-10851N/A
9/30/2024330-79-4291N/A
6/30/2024309-76-4433N/A
3/31/2024312-84-645-12N/A
12/31/2023304-60-689-14N/A
9/30/2023314-115-489-56N/A
6/30/2023320-83-494-42N/A
3/31/2023328-43-302-50N/A
12/31/2022370-36-275-112N/A
9/30/2022341-15-461-61N/A
6/30/2022308-30-290-88N/A
3/31/2022265-85-427-124N/A
12/31/2021202-84-350-76N/A
9/30/2021169-118-759-262N/A
6/30/2021153-136-569-175N/A
3/31/2021151-149-684-186N/A
12/31/2020170-104-651-154N/A
9/30/2020200-54-49217N/A
6/30/20202253-740-36N/A
3/31/202024642-469-1N/A
12/31/201924029N/A10N/A
9/30/201921939N/A-18N/A
6/30/201921413N/A-19N/A
3/31/201921511N/A-8N/A
12/31/2018208-26N/A-60N/A
9/30/2018208-25N/A-27N/A
6/30/2018205-23N/A-27N/A
3/31/2018198-4N/A-2N/A
12/31/20172016N/A35N/A
12/31/201620925N/A21N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OVZON's forecast earnings growth (7.4% per year) is above the savings rate (2%).

Earnings vs Market: OVZON's earnings (7.4% per year) are forecast to grow slower than the Swedish market (8.4% per year).

High Growth Earnings: OVZON's earnings are forecast to grow, but not significantly.

Revenue vs Market: OVZON's revenue (1% per year) is forecast to grow faster than the Swedish market (-0.03% per year).

High Growth Revenue: OVZON's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OVZON's Return on Equity is forecast to be low in 3 years time (11.8%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 00:41
End of Day Share Price 2026/05/20 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

Ovzon AB (publ) is covered by 4 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.

AnalystInstitution
null nullABG Sundal Collier
null nullABG Sundal Collier Sponsored
Mikael LaséenCarnegie Investment Bank AB