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HMS Networks AB (publ) (HMS.ST)

SEK488.00 +4.20 (+0.87%)
SE STO Technology Communication Equipment
Address Stationsgatan 37 302 50
Halmstad, HA, SE
CEO Staffan Dahlstrom
IPO 2007-10-19
ISIN SE0009997018

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Also trades on London Stock Exchange · 0RPZ.L (SEK) Other OTC · HMNKF (USD) Stockholm Stock Exchange · HMS.ST (SEK)
Description

HMS Networks AB (publ), a Swedish company founded in Halmstad in 1988, is a global leader in providing sophisticated industrial communication and Industrial Internet of Things (IIoT) solutions. The company's extensive product lineup is offered worldwide through its prominent brands: Anybus, Ewon, IXXAT, and Intesis. Under the Anybus umbrella, solutions include Embedded offerings that streamline multi-network connectivity through a single development project; versatile Gateways designed to connect diverse devices, machinery, systems, or entire networks; Wireless technologies for linking equipment via Bluetooth, Wi-Fi, cellular networks, and industrial Ethernet; and Edge solutions that bridge edge intelligence with adaptable cloud connectivity for industrial apparatus. The Ewon brand focuses on secure remote access, featuring the Cosy+ industrial VPN device and the flexible Flexy series of industrial and IIoT gateways for remote access and data services. Ewon also offers Extension Cards for the Flexy series, allowing for seamless adaptation to evolving communication technologies and safeguarding client investments. Furthermore, its Talk2M industrial cloud platform empowers customers with convenient access to their assets. Intesis specializes in protocol translators, interfaces for air conditioners, and cloud-based control systems for both AC and ST units. Concurrently, the Ixxat brand delivers tailored solutions for the automotive industry, embedded control systems, energy applications, and safety functionalities. HMS Networks’ comprehensive solutions cater to a broad spectrum of clients, including device manufacturers, machine builders, system integrators, and end-users.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK488.00 +4.20 (+0.87%)
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Volume Profile
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Liquidity & share structure
Average Volume
50.0K
Beta
1.10
Float Shares
30.93M
Free Float %
61.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.41% -8.43% -0.19% +26.23% +14.18% +33.90% +22.50% +13.41% +51.98% +929.67% +2,847.95%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
488.00
DCF (Unlevered) 317.29 -35.0%
DCF (Levered) 254.78 -47.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 80% Bullish
Rating 2026-05 Change
Strong Buy 0 -1
Buy 4 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.32
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Communication Equipment: +9.8%
    +16.9% Q1'26: +9.1% (vs Q1'25)
  • EPS growth Communication Equipment: +36.4%
    +36.4% Q1'26: +41.0% (vs Q1'25)
  • FCF margin FCF growth · Communication Equipment: +59.0%
    +22.6% Q1'26: +16.1% (vs Q1'25)
  • EBIT margin Communication Equipment: +4.7%
    +21.3% Q1'26: +24.4% (vs Q1'25)
  • ROIC Communication Equipment: +3.7%
    +8.8% Q1'26: +13.1% (vs Q1'25)
  • Share dilution Communication Equipment: +0.0%
    +2.9% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×
    2.36× Q1'26: 2.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.09) × ERP
WACC = 92% × Ke + 8% × Kd (4.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 317.29 Current price: 488.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
5 EPS Ana.
Dec 2027
5 Rev. Ana.
5 EPS Ana.
Dec 2028
5 Rev. Ana.
5 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
701.68M
est: 705.00M (-0.5%)
952.28M
est: 929.50M (+2.5%)
1.18B
est: 1.19B (-0.6%)
1.37B
est: 1.36B (+0.4%)
1.52B
est: 1.54B (-1.5%)
1.47B
est: 1.43B (+2.9%)
1.97B
est: 1.89B (+4.1%)
2.51B
est: 2.42B (+3.6%)
3.02B
est: 3.01B (+0.5%)
3.06B
est: 3.03B (+1.1%)
3.58B
est: 3.52B (+1.7%)
4.01B
3.94B – 4.14B
+13.9% YoY
4.42B
4.30B – 4.60B
+10.2% YoY
4.77B
4.76B – 4.78B
+8.0% YoY
5.29B
5.17B – 5.48B
+10.8% YoY
EBITDA
126.15M
est: 186.79M (-32.5%)
188.60M
est: 246.28M (-23.4%)
248.86M
est: 315.43M (-21.1%)
264.15M
est: 360.60M (-26.7%)
321.98M
est: 408.69M (-21.2%)
345.80M
est: 377.76M (-8.5%)
554.26M
est: 501.64M (+10.5%)
740.44M
est: 640.98M (+15.5%)
854.88M
est: 828.70M (+3.2%)
703.15M
est: 833.01M (-15.6%)
1.03B
est: 967.96M (+6.3%)
1.10B
1.08B – 1.14B
+13.9% YoY
1.22B
1.18B – 1.27B
+10.2% YoY
1.31B
1.31B – 1.31B
+8.0% YoY
1.46B
1.42B – 1.51B
+10.8% YoY
EBIT
92.30M
est: 151.22M (-39.0%)
149.32M
est: 199.38M (-25.1%)
202.55M
est: 255.36M (-20.7%)
237.63M
est: 291.93M (-18.6%)
235.71M
est: 330.86M (-28.8%)
280.54M
est: 305.82M (-8.3%)
451.93M
est: 406.11M (+11.3%)
632.57M
est: 518.91M (+21.9%)
729.69M
est: 658.51M (+10.8%)
484.52M
est: 661.95M (-26.8%)
761.00M
est: 769.18M (-1.1%)
876.46M
861.56M – 905.79M
+13.9% YoY
966.23M
939.78M – 1.01B
+10.2% YoY
1.04B
1.04B – 1.04B
+8.0% YoY
1.16B
1.13B – 1.20B
+10.8% YoY
Net Income
60.21M
est: 75.99M (-20.8%)
100.47M
est: 103.72M (-3.1%)
142.75M
est: 169.08M (-15.6%)
171.24M
est: 163.22M (+4.9%)
206.26M
est: 200.84M (+2.7%)
223.49M
est: 215.99M (+3.5%)
354.85M
est: 358.68M (-1.1%)
507.79M
est: 489.36M (+3.8%)
570.65M
est: 454.32M (+25.6%)
309.68M
est: 390.31M (-20.7%)
435.00M
est: 580.59M (-25.1%)
749.17M
693.13M – 805.20M
+29.0% YoY
877.23M
822.96M – 931.49M
+17.1% YoY
982.75M
956.74M – 1.01B
+12.0% YoY
1.09B
1.06B – 1.14B
+11.0% YoY
SGA
226.29M
est: 203.93M (+11.0%)
305.02M
est: 268.87M (+13.4%)
371.09M
est: 344.37M (+7.8%)
421.91M
est: 393.69M (+7.2%)
472.48M
est: 446.19M (+5.9%)
434.89M
est: 412.42M (+5.4%)
546.34M
est: 547.66M (-0.2%)
669.91M
est: 699.79M (-4.3%)
870.25M
est: 863.45M (+0.8%)
972.00M
est: 867.95M (+12.0%)
1.02B
est: 1.01B (+0.9%)
1.15B
1.13B – 1.19B
+13.9% YoY
1.27B
1.23B – 1.32B
+10.2% YoY
1.37B
1.37B – 1.37B
+8.0% YoY
1.52B
1.48B – 1.57B
+10.8% YoY
EPS
1.33
est: 1.56 (-14.5%)
2.16
est: 2.12 (+1.8%)
3.06
est: 3.46 (-11.6%)
3.76
est: 3.34 (+12.6%)
4.43
est: 4.11 (+7.8%)
4.79
est: 4.42 (+8.4%)
7.61
est: 7.34 (+3.7%)
10.89
est: 10.01 (+8.7%)
12.23
est: 8.95 (+36.7%)
6.35
est: 7.69 (-17.4%)
8.67
est: 11.43 (-24.2%)
15.16
13.78 – 16.01
+32.6% YoY
17.62
16.36 – 18.52
+16.2% YoY
19.60
19.02 – 20.06
+11.3% YoY
21.70
21.07 – 22.76
+10.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-28 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-27 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-26 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-25 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-22 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-21 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-20 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-19 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-18 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-15 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-05-13 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-05-12 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-05-11 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-08 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-07 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-06 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-05 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-04 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-04-30 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-04-29 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-04-28 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-04-27 B 3/5 3/5 4/5 4/5 1/5 2/5 2/5
2026-04-24 B- 3/5 3/5 3/5 4/5 1/5 2/5 2/5
2026-04-23 B- 2/5 3/5 3/5 4/5 1/5 1/5 2/5
2026-04-22 B- 2/5 3/5 3/5 4/5 1/5 1/5 2/5
2026-04-21 B- 2/5 3/5 3/5 4/5 1/5 1/5 2/5
2026-04-20 B- 2/5 3/5 3/5 4/5 1/5 1/5 2/5
2026-04-17 B- 2/5 3/5 3/5 4/5 1/5 1/5 2/5
2026-04-16 B- 2/5 3/5 3/5 4/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
818.63M
OE per share TTM
16.29
Owner's Yield
3.03%
Maintenance CapEx ratio
52.54%
Maint CapEx / Avg PPE
11.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 75 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X - Internet of Things ETF SNSR 0.83% 1.94M 0.68%
2 iShares Digital Security UCITS ETF LOCK.L 0.33% 5.88M 0.40%
3 iShares Digital Security UCITS ETF IS4S.DE 0.33% 5.87M 0.40%
4 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA 0.16% 559.3K 0.23%
5 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE 0.16% 559.3K 0.23%
6 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.10% 3.55M 0.30%
7 iShares MSCI Europe Small-Cap ETF IEUS 0.10% 181.8K 0.41%
8 Avantis International Small Cap Equity ETF AVDS 0.07% 220.5K 0.30%
9 Schwab International Small-Cap Equity ETF SCHC 0.06% 3.40M 0.06%
10 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.05% 6.70M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
691.8K
Shares Outstanding
50.19M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Staffan Dahlstrom Co-Founder, Chief Executive Officer & President 10M male
Alexander Hess Senior Vice President Industrial Data Solutions male
Bartek Stelmasiak Candell Senior Vice President Industrial Network Technology
Joakim Nideborn Chief Financial Officer & Deputy Chief Executive Officer male
Mira Jhaveri Winther Chief Human Resource Officer
Richard Skog Chief Operating Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits