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Systemair AB (publ) (SYSR.ST)

SEK83.50 -0.40 (-0.48%)
SE STO Industrials Industrial - Machinery
Address Industrivägen 3 739 30
Skinnskatteberg, SE
CEO Robert Larsson
IPO 2007-10-12
ISIN SE0016609499

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Also trades on London Stock Exchange · 0HDK.L (SEK) Stockholm Stock Exchange · SYSR.ST (SEK)
Description

Systemair AB (publ), a Swedish-based ventilation specialist, is globally active in the development, manufacturing, and distribution of a comprehensive range of air handling and climate control solutions. Its operations span diverse international markets, including Europe, the Americas, the Middle East, Asia, Africa, and Australia. The company's extensive product portfolio addresses various environmental needs. Key offerings encompass heating products like convectors, air curtains, radiant or fan heaters, and their associated controls. It provides a wide array of fans and their accessories, from inline duct and roof fans to specialized axial, explosion-proof, domestic, and smoke extract models, including those engineered for aggressive media. Residential systems are a core focus, featuring fans, heat pumps, counter-flow and rotary units, vacuum solutions, ducts, cooker hoods, filters, and various valves and grilles. Furthermore, Systemair supplies critical fire safety equipment, such as smoke and fire control dampers. For air distribution, it offers grilles, diffusers, external louvers, and air volume controls. Its air handling unit (AHU) range covers both compact and modular designs, alongside roof ventilation units and their accessories. Lastly, advanced air conditioning systems, including both hydronic and DX types, complete the offering. These versatile solutions are deployed across a broad spectrum of environments, from private homes, offices, factories, and hospitals to specialized settings like data centers, airports, multi-storey car parks, swimming pools, schools, and public buildings, with applications extending to the marine, and oil and gas sectors. The company distributes its products to ventilation contractors and through a network of distributors, marketing them under its established brands: Systemair, Frico, Fantech, and Menerga. Established in 1972, Systemair AB (publ) maintains its headquarters in Skinnskatteberg, 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
SEK83.50 -0.40 (-0.48%)
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Volume Profile
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Liquidity & share structure
Average Volume
215.8K
Beta
1.38
Float Shares
94.28M
Free Float %
45.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.24% +9.84% +8.96% +11.49% -5.89% -5.56% -9.94% +5.30% +2.35% +229.29% +317.95%
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
83.50
DCF (Unlevered) 43.35 -48.1%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.64
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 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 Industrial - Machinery: +7.4%
    +1.6% Q2'26: +9.1% (vs Q2'25)
  • EPS growth Industrial - Machinery: +15.6%
    +12.2% Q2'26: +66.0% (vs Q2'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +6.5% Q2'26: +0.0% (vs Q2'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +8.9% Q2'26: +7.4% (vs Q2'25)
  • ROIC Industrial - Machinery: +6.8%
    +14.1% Q2'26: +11.9% (vs Q2'25)
  • Share dilution Industrial - Machinery: +0.0%
    -0.3% Q2'26: -0.3% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.00× Q2'26: 0.00× (vs Q2'25)
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 (1.38) × ERP
WACC = 100% × Ke + 0% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 49.08 Current price: 83.50
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 Apr 2015
actual
Apr 2016
actual
Apr 2017
actual
Apr 2018
actual
Apr 2019
actual
Apr 2020
actual
Apr 2021
actual
Apr 2022
actual
Apr 2023
actual
Apr 2024
actual
Apr 2025
actual
Apr 2026
3 Rev. Ana.
3 EPS Ana.
Apr 2027
2 Rev. Ana.
2 EPS Ana.
Apr 2028
3 Rev. Ana.
3 EPS Ana.
Apr 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
5.88B
est: 5.80B (+1.5%)
6.11B
est: 6.12B (-0.1%)
6.86B
est: 6.84B (+0.3%)
7.30B
est: 7.32B (-0.2%)
8.33B
est: 8.23B (+1.1%)
8.91B
est: 9.07B (-1.7%)
8.52B
est: 8.48B (+0.4%)
9.63B
est: 9.57B (+0.7%)
12.06B
est: 12.30B (-2.0%)
12.26B
est: 12.19B (+0.5%)
12.30B
est: 12.43B (-1.0%)
12.32B
12.30B – 12.35B
-0.9% YoY
12.90B
12.73B – 13.06B
+4.7% YoY
13.62B
13.30B – 13.79B
+5.6% YoY
14.60B
14.57B – 14.63B
+7.2% YoY
EBITDA
574.20M
est: 707.48M (-18.8%)
508.80M
est: 746.53M (-31.8%)
623.40M
est: 835.29M (-25.4%)
566.50M
est: 893.36M (-36.6%)
724.90M
est: 1.00B (-27.9%)
943.80M
est: 1.11B (-14.8%)
945.80M
est: 1.04B (-8.7%)
1.14B
est: 1.17B (-2.2%)
1.79B
est: 1.50B (+19.0%)
1.38B
est: 1.43B (-3.7%)
1.48B
est: 1.46B (+1.0%)
1.45B
1.45B – 1.45B
-0.9% YoY
1.52B
1.50B – 1.54B
+4.7% YoY
1.60B
1.56B – 1.62B
+5.6% YoY
1.72B
1.71B – 1.72B
+7.2% YoY
EBIT
403.10M
est: 493.95M (-18.4%)
330.10M
est: 521.22M (-36.7%)
434.90M
est: 583.19M (-25.4%)
360.30M
est: 623.73M (-42.2%)
491.60M
est: 701.59M (-29.9%)
582.90M
est: 773.05M (-24.6%)
591.00M
est: 723.04M (-18.3%)
772.60M
est: 815.38M (-5.2%)
1.37B
est: 1.05B (+30.6%)
961.30M
est: 1.09B (-11.4%)
1.03B
est: 1.11B (-7.2%)
1.10B
1.10B – 1.10B
-0.9% YoY
1.15B
1.13B – 1.16B
+4.7% YoY
1.21B
1.18B – 1.23B
+5.6% YoY
1.30B
1.30B – 1.30B
+7.2% YoY
Net Income
309.80M
est: 308.60M (+0.4%)
207.20M
est: 221.27M (-6.4%)
294.20M
est: 329.29M (-10.7%)
230.50M
est: 276.32M (-16.6%)
322.30M
est: 317.77M (+1.4%)
381.50M
est: 509.83M (-25.2%)
406.20M
est: 423.93M (-4.2%)
543.90M
est: 587.25M (-7.4%)
1.04B
est: 799.75M (+30.0%)
645.60M
est: 611.40M (+5.6%)
680.70M
est: 787.00M (-13.5%)
811.19M
802.77M – 819.62M
+3.1% YoY
939.88M
938.83M – 940.93M
+15.9% YoY
1.03B
1.01B – 1.07B
+9.4% YoY
1.14B
1.11B – 1.16B
+10.7% YoY
SGA
681.80M
est: 941.10M (-27.6%)
660.50M
est: 993.05M (-33.5%)
751.70M
est: 1.11B (-32.3%)
759.80M
est: 1.19B (-36.1%)
896.60M
est: 1.34B (-32.9%)
934.00M
est: 1.47B (-36.6%)
772.40M
est: 1.38B (-43.9%)
864.00M
est: 1.55B (-44.4%)
1.14B
est: 2.00B (-42.7%)
3.21B
est: 2.44B (+31.9%)
3.37B
est: 2.49B (+35.7%)
2.46B
2.46B – 2.47B
-0.9% YoY
2.58B
2.55B – 2.61B
+4.7% YoY
2.72B
2.66B – 2.76B
+5.6% YoY
2.92B
2.91B – 2.93B
+7.2% YoY
EPS
1.49
est: 1.48 (+0.5%)
1.00
est: 1.06 (-5.9%)
1.42
est: 1.58 (-10.2%)
1.11
est: 1.33 (-16.4%)
1.55
est: 1.53 (+1.5%)
1.83
est: 2.45 (-25.3%)
1.95
est: 2.04 (-4.3%)
2.61
est: 2.82 (-7.5%)
5.00
est: 3.84 (+30.1%)
3.10
est: 2.94 (+5.5%)
3.27
est: 3.81 (-14.1%)
3.91
3.87 – 3.95
+2.8% YoY
4.53
4.52 – 4.53
+15.8% YoY
5.07
4.88 – 5.17
+11.9% YoY
5.50
5.37 – 5.59
+8.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-11 B 3/5 1/5 4/5 5/5 1/5 3/5 3/5
2026-06-10 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-09 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-08 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-05 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-04 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-03 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-02 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-06-01 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-29 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-28 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-27 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-26 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-25 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-22 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-21 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-20 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-19 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-18 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-15 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-13 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-12 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-11 B+ 3/5 3/5 4/5 5/5 3/5 2/5 2/5
2026-05-08 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-07 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-05-06 A- 4/5 3/5 4/5 5/5 3/5 3/5 2/5
2026-05-05 A- 4/5 3/5 4/5 5/5 3/5 3/5 2/5
2026-05-04 A- 4/5 3/5 4/5 5/5 3/5 3/5 2/5
2026-04-30 B+ 3/5 3/5 4/5 5/5 2/5 3/5 2/5
2026-04-29 B+ 3/5 3/5 4/5 5/5 2/5 3/5 2/5
2026-04-28 B+ 3/5 3/5 4/5 5/5 2/5 3/5 2/5
2026-04-27 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-24 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-23 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-22 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-21 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-20 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-17 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-04-16 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
710.06M
OE per share TTM
3.41
Owner's Yield
4.20%
Maintenance CapEx ratio
351.27%
Maint CapEx / Avg PPE
22.4%

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 35 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.20% 179.2K 0.38%
2 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.20% 179.2K 0.38%
3 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.08% 330.9K 0.48%
4 WisdomTree International SmallCap Dividend Fund DLS 0.07% 776.6K 0.58%
5 Schwab International Small-Cap Equity ETF SCHC 0.03% 1.67M 0.06%
6 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.02% 2.82M 0.06%
7 WisdomTree International Equity Fund DWM 0.01% 79.6K 0.48%
8 Dimensional - International Small Cap ETF DFIS 0.01% 470.6K 0.39%
9 Vanguard FTSE Europe Shares ETF VEQ.AX 0.00% 22.0K 0.35%
10 FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD 0.00% 32.5K 0.41%

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
167.1K
Shares Outstanding
207.53M

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
Anders Ulff Chief Financial Officer & Secretary to the Board male
Annika Ahlstrand Director Marketing & Communication female
Bjorn-Osvald Skandsen Chief Digital Sales Officer male
Eddie Exelin Group Legal Counsel male
Henrik Rosander Group Human Resources Director male
Lee Morgan Group Sustainability Director male
Martin Dahlgren Vice President of Products & Technologies male
Morten Schmelzer Head of Group Public Affairs & Technical Marketing Director
Olle Glassel Vice President of Sales male
Robert Larsson CEO & President 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