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Instalco AB (publ) (INSTAL.ST)

SEK39.00 +0.40 (+1.04%)
SE STO Industrials Engineering & Construction
Address Lilla Bantorget 11 111 23
Stockholm, SE
CEO Per Sjostrand
IPO 2017-05-11
ISIN SE0017483506

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Description

Instalco AB (publ) delivers a broad spectrum of technical installation services throughout Sweden and the broader Nordic region. The company's expertise spans heating and plumbing, electrical systems, ventilation, and industrial cooling. For heating and plumbing, Instalco provides comprehensive solutions including the installation of district heating, natural gas, heat pumps, and comfort cooling. Their services also cover vital areas such as pipe replacement, preventative maintenance, water treatment, and sprinkler systems, alongside new construction, repairs, ongoing service, maintenance, renovation (ROT work), and initial project planning. Their electrical division handles the design, project planning, and assembly of various systems, from general electricity to alarms, monitoring, data networks, and technical equipment control. They specialize in energy optimization through integrated property automation, offer electric vehicle charging posts, remote reading capabilities, advanced control technology, automatics, and all related service and maintenance. In ventilation, the company offers indoor climate solutions, air treatment systems, and conducts mandatory ventilation inspections. This segment also incorporates sophisticated control technology, automatics, property automation, and detailed project planning. The cooling and industrial sector encompasses the installation of diverse cooling and heating equipment, specialized cooling for food and industrial processes, and comfort cooling. This area also extends to technical consulting, pipe and electric power installation, infrastructure development, automation, instrumentation, emission control, exhaust gas cleaning, project planning, energy management, and safety services. Instalco serves a wide array of clients, including construction companies, property owners, government and local authorities, regional bodies, and both housing and industrial enterprises. Established in 2013 as Instalco Intressenter AB (publ), the company adopted its current name in May 2019 and operates from its headquarters in Stockholm, Sweden.

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
SEK39.00 +0.40 (+1.04%)
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Volume Profile
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Liquidity & share structure
Average Volume
517.3K
Beta
1.19
Float Shares
214.98M
Free Float %
80.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.46% -0.10% +13.10% +23.43% +69.70% +51.59% +40.20% -32.76% -34.01% +201.54% +201.54%
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
39.00
DCF (Unlevered) 77.90 +99.7%
DCF (Levered) 67.09 +72.0%

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 1 0
Buy 3 0
Hold 1 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.84
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -0.7% Q1'26: +3.1% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    -2.3% Q1'26: +68.8% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +7.1% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +4.1% Q1'26: +4.5% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +10.8% Q1'26: +6.6% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +1.4% Q1'26: +4.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    0.60× Q1'26: 3.55× (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 (1.17) × ERP
WACC = 94% × Ke + 6% × Kd (25.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 77.87 Current price: 39.00
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 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
4 Rev. Ana.
4 EPS Ana.
Dec 2027
4 Rev. Ana.
4 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Revenue
3.11B
est: 3.15B (-1.2%)
4.41B
est: 4.38B (+0.7%)
5.69B
est: 5.67B (+0.5%)
7.12B
est: 6.96B (+2.3%)
8.89B
est: 8.73B (+1.9%)
12.06B
est: 11.82B (+2.1%)
14.28B
est: 14.12B (+1.1%)
13.69B
est: 13.81B (-0.8%)
13.60B
est: 13.36B (+1.8%)
14.62B
14.15B – 14.96B
+9.4% YoY
15.73B
14.77B – 16.48B
+7.6% YoY
16.50B
16.24B – 16.75B
+4.8% YoY
EBITDA
254.00M
est: 310.76M (-18.3%)
410.00M
est: 432.06M (-5.1%)
582.00M
est: 558.54M (+4.2%)
742.00M
est: 685.97M (+8.2%)
912.00M
est: 860.42M (+6.0%)
1.13B
est: 1.17B (-3.2%)
1.46B
est: 1.32B (+10.2%)
1.24B
est: 1.30B (-4.5%)
1.09B
est: 1.25B (-12.9%)
1.37B
1.33B – 1.40B
+9.4% YoY
1.48B
1.39B – 1.55B
+7.6% YoY
1.55B
1.52B – 1.57B
+4.8% YoY
EBIT
238.00M
est: 214.90M (+10.7%)
330.00M
est: 298.78M (+10.4%)
487.00M
est: 386.24M (+26.1%)
607.00M
est: 474.36M (+28.0%)
714.00M
est: 595.00M (+20.0%)
747.00M
est: 805.69M (-7.3%)
943.00M
est: 837.86M (+12.5%)
648.00M
est: 819.13M (-20.9%)
558.00M
est: 792.76M (-29.6%)
867.47M
839.60M – 887.62M
+9.4% YoY
933.40M
876.40M – 977.84M
+7.6% YoY
978.65M
963.42M – 993.88M
+4.8% YoY
Net Income
171.00M
est: 197.55M (-13.4%)
249.00M
est: 290.52M (-14.3%)
370.00M
est: 376.55M (-1.7%)
456.00M
est: 457.26M (-0.3%)
546.00M
est: 550.75M (-0.9%)
520.00M
est: 570.72M (-8.9%)
601.00M
est: 546.00M (+10.1%)
345.00M
est: 487.42M (-29.2%)
343.00M
est: 420.58M (-18.4%)
554.21M
516.40M – 699.23M
+31.8% YoY
740.83M
644.36M – 928.79M
+33.7% YoY
843.75M
818.41M – 987.83M
+13.9% YoY
SGA
256.00M
est: 122.78M (+108.5%)
308.00M
est: 170.70M (+80.4%)
338.00M
est: 220.67M (+53.2%)
398.00M
est: 271.02M (+46.9%)
521.00M
est: 339.94M (+53.3%)
968.00M
est: 460.31M (+110.3%)
est: 392.17M (-100.0%)
est: 383.40M (-100.0%)
est: 371.06M (-100.0%)
406.03M
392.98M – 415.46M
+9.4% YoY
436.89M
410.21M – 457.69M
+7.6% YoY
458.07M
450.94M – 465.20M
+4.8% YoY
EPS
0.74
est: 0.75 (-1.1%)
1.04
est: 1.10 (-5.5%)
1.52
est: 1.43 (+6.6%)
1.80
est: 1.73 (+4.0%)
2.10
est: 2.09 (+0.7%)
1.99
est: 2.16 (-7.9%)
2.29
est: 2.07 (+10.8%)
1.31
est: 1.83 (-28.6%)
1.28
est: 1.58 (-19.1%)
2.24
1.93 – 2.61
+41.7% YoY
2.89
2.41 – 3.47
+28.7% YoY
3.27
3.06 – 3.69
+13.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-05-11 A- 4/5 5/5 4/5 4/5 1/5 3/5 3/5
2026-05-08 A- 4/5 5/5 4/5 4/5 1/5 3/5 3/5
2026-05-07 A- 4/5 5/5 4/5 4/5 1/5 3/5 3/5
2026-05-06 A- 4/5 5/5 4/5 4/5 1/5 3/5 3/5
2026-05-05 A- 4/5 5/5 4/5 4/5 1/5 3/5 3/5
2026-05-04 A- 4/5 5/5 4/5 4/5 1/5 3/5 3/5
2026-04-30 A- 4/5 5/5 4/5 4/5 2/5 3/5 3/5
2026-04-29 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-28 A- 4/5 5/5 4/5 4/5 2/5 3/5 3/5
2026-04-27 A- 4/5 5/5 4/5 4/5 2/5 3/5 3/5
2026-04-24 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-23 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-22 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-21 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-20 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-17 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-16 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
785.87M
OE per share TTM
2.92
Owner's Yield
7.51%
Maintenance CapEx ratio
311.59%
Maint CapEx / Avg PPE
6.3%

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 77 ETFs in our universe

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
90.0K
Shares Outstanding
268.44M

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
Per Sjostrand Founder, President, CEO & Director 6M male
Christina Kassberg Chief Financial Officer female
Fredrik Trahn Head of Communications & Sustainability male
Johan Larsson Head of Division North male
Mathilda Eriksson Head of IR
Patrik Persson Chief Operating Officer of Sweden male
Anders Lundin President of Tech & Consulting male
Roger Aksnes Head of Division Norway 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