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Stock AQ Group AB (publ) AQ.ST

AQ Group AB (publ) — Investlytic score 3/5 on the five criteria.

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60/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 3/5 criteria met. Data as of 01/11/2026.

  • ✅ Price trend passed
  • ✅ Growth passed
  • ✅ Debt passed
  • ❌ P/E failed
  • ❌ Correction failed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: 52.67%

Price change 2019 → 2020: -6.55%

Price change 2020 → 2021: 68.93%

Price change 2021 → 2022: -14.38%

Price change 2022 → 2023: 63.81%

Price change 2023 → 2024: 38.07%

Price change 2024 → 2025: 40.86%

Price change 2025 → 2026: 17.04%

Price change 2026 (year to date): 24.49%

Financial growth

Revenue CAGR (8 years): 9.96%

Earnings CAGR (8 years): 23.87%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.12

Debt/equity < 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 28.36

P/E > 25.0 (maximum threshold).

Correction (6 months)

Current correction: 8.27% from the high over 6 months.

Insufficient correction (< 10.0%).

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Criteria of the Investlytic model

- / 5
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Investlytic rating reserved for members

Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
AQ Group AB (publ)28.40.12+11.0 %🔒
Webuild S.p.A.8.61.83+13.3 %–
Exail Technologies–0.89+6.1 %–
Bilfinger SE11.10.28−2.6 %–
STEF S.a.13.01.26+6.3 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by AQ Group AB (publ) over the latest fiscal years.

Revenue
917 m USD
fiscal year 2025
Net income
68.3 m USD
fiscal year 2025
Net margin
7.5 %
fiscal year 2025
Average annual growth
+13.5 %
Revenue growth over 5 years
Average annual growth
+12.0 %
Revenue growth over 10 years
Market cap
2.0 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
2020487 m31.8 m6.5 %n/a
2021553 m37.0 m6.7 %+13.5 %
2022713 m41.5 m5.8 %+28.9 %
2023907 m63.9 m7.0 %+27.2 %
2024865 m67.2 m7.8 %-4.6 %
2025917 m68.3 m7.5 %+6.0 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by AQ Group AB (publ) over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
solid accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
7.69
safe zone (above 2.99)
Piotroski Score
6 / 9
4 to 6: average accounts
DCF Value
252.81 SEK
DCF close to share price · share price 217.60 SEK, gap +16.2 %
Net Debt / EBITDA
-0.37 x
net cash
Fiscal year20212022202320242025
Cash and investments283 m231 m426 m919 m992 m
Total Debt844 m1.0 bn717 m635 m565 m
Net Debt561 m809 m291 m-284 m-427 m
Equity2.6 bn3.2 bn3.7 bn4.4 bn4.7 bn
Total assets4.7 bn5.7 bn6.0 bn6.6 bn6.9 bn
Operating cash flow238 m208 m980 m1.2 bn921 m
Investments (capex)192 m288 m251 m185 m233 m
Free cash-flow46.0 m-80.0 m727 m1.0 bn680 m
Share buybacks00000
Dividends paid061.0 m61.0 m122 m146 m

Amounts in SEK, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)26.47 x
Price / book value3.75 x
Return on Equity (ROE)15.2 %
Return on Invested Capital (ROIC)12.4 %
Net margin7.7 %
Debt / equity0.08 x
Current ratio2.58 x
Interest coverage103.11 x
Free cash-flow yield2.5 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

AQ Group AB (publ) compared with its sector on the same exchange and with its main competitors.

Company P/E
26.8

Direct competitors

CompanyMarket cap (USD)P/ENet margin
AQ Group AB (publ)2.2 bn28.47.5 %
Garo Aktiebolag (publ) GARO.ST61.4 mn/a-1.7 %
NOTE AB (publ) NOTE.ST463 m16.77.4 %
Hanza AB (publ) HANZA.ST1.0 bn22.44.1 %
NCAB Group AB (publ) NCAB.ST1.7 bn48.75.5 %
Beijer Alma AB (publ) BEIA-B.ST1.9 bn22.27.3 %
OEM International AB (publ) OEM-B.ST2.4 bn32.711.2 %
Lagercrantz Group AB (publ) LAGR-B.ST4.6 bn35.811.3 %
Addtech AB (publ.) ADDT-B.ST8.1 bn37.99.5 %

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 06/11/2026. Competitors: comparable companies named by the data provider.

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Dividends and earnings

AQ Group AB (publ): dividend history, last distributions, stock splits and earnings releases.

Frequency
annual
Last dividend
1.80 SEK
ex-dividend on 24/04/2026
Last 12 months
1.80 SEK
number of payments: 1
Yield
0.8 %
on the last known price
Years of increases
3
consecutive
Years of payments
4
uninterrupted
00.831.672.503.332007 : 0.220 SEK2008 : 0.220 SEK20082009 : 0.220 SEK2010 : 0.220 SEK20102011 : 0.220 SEK2012 : 0.260 SEK20122013 : 0.260 SEK2014 : 0.320 SEK20142015 : 0.400 SEK2016 : 0.450 SEK20162017 : 0.550 SEK2018 : 3.30 SEK20182019 : 0.550 SEK2020 : 3.33 SEK20202021 : 0.0000 SEK2022 : 0.666 SEK20222023 : 0.666 SEK2024 : 1.33 SEK20242025 : 1.60 SEK2026 : 1.80 SEK2026

Annual dividend per share (SEK), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
24/04/20261.80 SEK30/04/2026
24/04/20251.60 SEK30/04/2025
19/04/20241.33 SEK25/04/2024
21/04/20230.666 SEK27/04/2023
22/04/20220.666 SEK28/04/2022
23/04/20203.33 SEKn/a
26/04/20190.550 SEK03/05/2019
27/04/20180.550 SEK04/05/2018

Earnings releases

DatePublished EPSExpected EPSSurprise
15/10/20262.201.97+11.7 %
14/07/20262.182.04+6.9 %
23/04/20261.921.96-2.0 %
12/02/20261.821.89-3.7 %
16/10/20251.681.73-2.9 %
15/07/20252.061.83+12.6 %

Stock splits

DateOperation
20/05/2024split: 5 shares for 1
13/06/2006split: 3 shares for 1
16/06/2004split: 2 shares for 1
12/06/2002split: 5 shares for 1

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in AQ Group AB (publ).

Free float
63.8 %
share of freely traded shares

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 31/10/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
likely
head office in the EU or EEA, listed on a European exchange
Listing exchange
Nasdaq Stockholm
IPO: 05/10/2004
ISIN code
SE0022062196
Workforce
7,733
full-time employees
Chief executive
James Ahrgren

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about AQ Group AB (publ)

What is the AQ Group AB (publ) share price?

Latest recorded price: 217.60 SEK on 06/11/2026, for a market cap of 2.0 bn USD.

What is the revenue of AQ Group AB (publ)?

917 m USD for fiscal year 2025, with net income of 68.3 m USD (net margin 7.5 %).

Does AQ Group AB (publ) pay a dividend?

Yes. Latest dividend: 1.80 SEK per share, ex-dividend on 24/04/2026. Over 12 months: 1.80 SEK. Yield on the latest known price: 0.8 %.

What is the P/E ratio of AQ Group AB (publ)?

Trailing 12-month P/E of 26.8.

Is AQ Group AB (publ) stock eligible for the French PEA?

Likely: the company is headquartered in the European Union or the European Economic Area (ISIN SE0022062196) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.

How many employees does AQ Group AB (publ) have?

7,733 full-time employees according to the latest published profile.

Who runs AQ Group AB (publ)?

James Ahrgren is the company's chief executive.

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