Obermatt

Troax Group

STO:TROAX · SE0012729366
MachinerySmall

360

30
EV / EBIT25
Price / Owner Earnings1
Owner Earnings Yield34
Dividend Yield73
Price/Sales38
EV / Gross Profit20
Price/Book38
Return on Capital59
Cash Return on Capital41
Return on Equity51
EBIT Margin71
Gross Profitability51
Cash Conversion86
Accruals11
Owner Earnings Margin46
Sales growth94
Profit Growth42
Long-Term EPS Growth61
Owner Earnings Growth21
Reinvestment90
Price momentum17
Debt load5
Refinancing41
Debt Payback12
Liquidity57
Analyst ratings100
Opinion Changes50
Price Target Upside63
Market mood5
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Troax Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySweden
IndustryMachinery
SizeSmall
TypePublic Company
ExchangeOM
Founded2012
Employees189
ISINSE0012729366
Last UpdateApr 2, 2026
Index & Theme
Physical Security

Description

Troax Group AB (publ) manufactures mesh panels, fencing systems, and other protective solutions. Business Segments The company operates through business segments: Property Protection, Machine Guarding and Warehouse Partitioning. Property Protectio…

Analysis

Hope premium

Troax Group AB (publ) is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 51.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 19% a year, against analyst forecasts of 12%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is stretched. The company scores 8/20 on our value-creation score: creating some value. Analysts lean positive.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
38
2023202420252026

All-time high

65

Mar 2026

All-time low

6

Jan 2023

Average rank

29

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
38
9
5
5
Price/Earnings
55
15
9
12
Price/Book
38
13
8
3
Dividend Yield
73
43
33
35
Value (overall)
53
14
6
3

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →