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Why Bulten stock moves

Bulten was roughly unchanged without a company-news explanation.

Written after the close on ·

Why today

16,307 news analyzed today

Bulten was roughly unchanged without a company-news explanation.

Over the last five trading days, Bulten rose slightly, outpacing the OMX Stockholm 30, which also rose slightly.

The move was an ordinary one for Bulten, and trading volume was around its usual level.

Last session the market fell slightly, so Bulten held up better than the index.

Shares sit near their one-year high after a strong rise from the March low, and the next earnings report is due on 10 February 2027.

Today's move of −0.24% was 0.2 times a normal day's 1.4%. OMX Stockholm 30 moved −0.32% on the same day.

Bulten −0.24%OMX Stockholm 30 −0.32%In step with the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Bulten.

Ratings

Now
Buy 1Hold 0Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 84.70 SEK

Price targets
90.00

One analyst’s target is 90.00 SEK, +6% relative to the latest price of 84.70 SEK. A target is the analyst’s estimate of a future share price.

For the current fiscal year, expected earnings per share changed from 3.45 SEK three months ago to 4.72 SEK now. 2026 estimate: 4.72 SEK. 2027 estimate: 8.25 SEK. One analyst made these estimates. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. November 3: Buy about 20 thousand SEK. October 29: Buy about 164 thousand SEK. October 28: Buy about 738 thousand SEK. September 3: Buy about 4.0 m SEK. September 1: Buy about 8.3 m SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −29% and earnings per share went from 6.45 SEK to -0.55 SEK.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)-0.02.14.36.42022: 4.472022: 0.0620222023: 5.762023: 0.1020232024: 5.812024: 0.1420242025: 5.042025: -0.012025Now2026: 3.2420262027: 3.4220272022: 1.251.22023: 1.681.72024: 1.531.52025: 1.081.1Now: 1.781.8

RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK

Market cap is 0.4 times 2025 revenue, against 0.3 in 2022. Profit in 2025: -11.0 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)0.01.93.75.62022: 4.362022: 2.5320222023: 4.852023: 3.0120232024: 5.102024: 3.0520242025: 4.452025: 2.682025Now2022: 1.251.22023: 1.681.72024: 1.531.52025: 1.081.1Now: 1.781.8

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 1.8 bn SEK for shareholders. Market cap is 1.0 times that equity.

Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 1.8 bn SEKRevenue 2025: 5.0 bn SEK

What the key figures say about Bulten

The figures connect what Bulten earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share3.83 SEK
NowEarnings per share2022: 2.65222023: 4.89232024: 6.45242025: -0.55252026: 4.72262027: 8.25272022: 59.502023: 80.002024: 72.702025: 51.40

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: -0.55 SEK–6.45 SEK. Peers: Kongsberg Automotive 0.23 NOK, Relais Group 0.55 EUR, VBG Group 16.71 SEK. 2026 estimate: 4.72 SEK (4.72 SEK–4.72 SEK). 2027 estimate: 8.25 SEK (8.25 SEK–8.25 SEK).

Revenue5.0 bn SEK
NowRevenue2022: 4,474,000,000.00222023: 5,757,000,000.00232024: 5,807,000,000.00242025: 5,045,000,000.00252026: 3,237,655,110.00262027: 3,417,668,740.00272022: 59.502023: 80.002024: 72.702025: 51.40

What the company sold during the year.

2022–2025: 4.5 bn SEK–5.8 bn SEK. Peers: Kongsberg Automotive 726 m EUR, Relais Group 458 m EUR, VBG Group 5.6 bn SEK. 2026 estimate: 3.2 bn SEK (3.2 bn SEK–3.2 bn SEK). 2027 estimate: 3.4 bn SEK (3.4 bn SEK–3.4 bn SEK).

Operating margin5.5%
NowOperating margin2022: 5.72222023: 4.12232024: 4.01242025: 2.42252022: 59.502023: 80.002024: 72.702025: 51.40

The percentage of revenue left after the costs of running the business.

2022–2025: 2.4%–5.7%. Peers: Kongsberg Automotive 4.3%, Relais Group 6.5%, VBG Group 10.6%.

Return on equity4.3%
NowReturn on equity2022: 3.06222023: 5.71232024: 6.73242025: -0.64252022: 59.502023: 80.002024: 72.702025: 51.40

Profit as a percentage of shareholders’ money in the company.

2022–2025: −0.6%–6.7%. Peers: Kongsberg Automotive 10.3%, Relais Group 8.2%, VBG Group 10.1%.

P/E22.1
NowP/E2022: 22.45222023: 16.36232024: 11.2724252026: 17.93262027: 10.2727

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 11.3–22.5. Peers: Kongsberg Automotive 8.8, Relais Group 21.3, VBG Group 17.2. 2026 estimate: 17.9. 2027 estimate: 10.3.

Market cap per unit of revenue (P/S)0.35
NowMarket cap per unit of revenue (P/S)2022: 0.28222023: 0.29232024: 0.26242025: 0.21252026: 0.55262027: 0.5227

What investors pay for each unit the company sells.

2022–2025: 0.21–0.29. Peers: Relais Group 0.48, VBG Group 1.28. 2026 estimate: 0.55. 2027 estimate: 0.52.

Dividend per share0.00 SEK
NowDividend per share2017: 4.50172018: 3.75182019: 4.00192020: 0.00202021: 2.00212022: 2.25222023: 2.50232024: 2.50242025: 2.7525

Money paid to shareholders per share, summed by calendar year.

2017–2025: 0.00 SEK–4.50 SEK.

Dividend yield0.0%
NowDividend yield2022: 3.78222023: 3.12232024: 3.44242025: 5.3525

The ordinary yearly dividend as a percentage of the share price.

2022–2025: 3.1%–5.4%. Peers: Kongsberg Automotive 0.0%, Relais Group 1.3%, VBG Group 2.5%.

Net debt / EBITDA1.85
NowNet debt / EBITDA2022: 2.61222023: 2.91232024: 2.62242025: 3.3025

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 2.61–3.30. Peers: Kongsberg Automotive 1.95, Relais Group 5.18, VBG Group 1.18.

More key figures
Market cap / equity (P/B)2.55
NowMarket cap / equity (P/B)2022: 0.69222023: 0.93232024: 0.76242025: 0.6325

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 0.63–0.93. Peers: Relais Group 2.02, VBG Group 1.68.

EV / EBIT16.6
2025EV / EBIT2022: 12.41222023: 11.25232024: 8.79242025: 16.6125

Market cap plus net debt, divided by operating earnings. This includes debt.

2022–2025: 8.8–16.6.

Free cash flow per share5.53 SEK
NowFree cash flow per share2022: 1.48222023: 9.67232024: 5.48242025: 12.29252022: 59.502023: 80.002024: 72.702025: 51.40

Cash left after investments, divided by the number of shares.

2022–2025: 1.48 SEK–12.29 SEK. Peers: Kongsberg Automotive 0.04 EUR, Relais Group 2.15 EUR, VBG Group 3.51 SEK.

Equity ratio38.7%
2025Equity ratio2022: 41.30222023: 37.16232024: 39.36242025: 38.7525

The percentage of assets financed by shareholders’ equity.

2022–2025: 37.2%–41.3%.

What to watch next, and why

The earnings report shows how Bulten's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Bulten's revenue and profit have changed.

    Add to calendar
More about Bulten

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Johanna Andersson, senior executive (closely associated)Buyabout 20 thousand SEK
  • Axel Berntsson, CEOBuyabout 164 thousand SEK
  • Axel Berntsson, CEOBuyabout 738 thousand SEK
  • Axel Berntsson, CEOBuyabout 4.0 m SEK
  • Ulf Liljedahl, chair (closely associated)Buyabout 8.3 m SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day7.9%

Normal day1.4%

On its last 15 report days Bulten usually moved about 7.9%. On a normal day it moves 1.4%.

+6.61% Why? +16.86% +6.23% −5.02%

10,000 SEK in Bulten bought on November 7, 2016 is worth 12,800 SEK today, with dividends reinvested.

What would 10,000 SEK in Bulten be worth today? →

What would 10,000 SEK in Bulten be worth today?

12,800 SEK

with dividends reinvested, bought on November 7, 2016.

At worst it was worth 4,880 SEK (March 30, 2020).

The five biggest days of the journey

· +20.5% · the whole market fell 0.4% the same day · report day

· +16.9% · the whole market fell 0.3% the same day · report day

· −15.4% · the whole market fell 10.6% the same day

· −12.7% · the whole market rose 0.7% the same day · report day

· −12.6% · the whole market was unchanged the same day · report day

Earlier days

  • +1.93% market −0.11% Bulten rose slightly over the trading week while the broader Stockholm market was roughly flat. Read →

    Bulten rose slightly over the trading week while the broader Stockholm market was roughly flat.

    The move was ordinary for the stock, and the latest close sits near its highest level of the past year.

    Company news in the window was limited to a CEO share purchase on Thursday 29 October, which came before the week began.

    Peer stocks in the same consumer cyclical sector, meaning companies whose sales rise and fall with the economy, rose more over the same days, which suggests sector sentiment helped.

  • −2.64% market +0.83% Bulten fell sharply, while the market rose clearly. Read →

    Bulten fell sharply, while the market rose clearly.

    No company news from the last session explains the move.

    Over the last five trading days, Bulten rose slightly, a little more than the OMX Stockholm 30.

    The fall likely reflects a quiet, thinly traded session rather than new company news.

    Earlier news included the CEO buying shares for about SEK 0.9m and a large block trade by DNB Carnegie, both before the last session.

  • +4.09% market +0.48% Bulten rose sharply, more than the market. Read →

    Bulten rose sharply, more than the market.

    The market rose only slightly over the same day, so Bulten clearly outperformed it.

    No company news from that session clearly explains the move.

    Over the last five trading days Bulten rose sharply, a big move for the stock.

    The CEO bought about SEK 0.9m of shares on 28 and 29 October, which may have supported sentiment.

  • −0.60% market −0.29% Bulten fell with the market. Read →

    Bulten fell with the market.

    Over the last five trading days Bulten rose clearly, moving more than OMX Stockholm 30, which also rose.

    The move was an ordinary one for Bulten, within its usual daily range.

    The latest close sits near its highest level of the past year, well above its March low.

    Earlier, the company reported strong third-quarter sales and a rise in operating profit, which likely supported the rally.

  • +5.19% market +3.01% Bulten rose clearly over the week, more than the broader Stockholm market. Read →

    Bulten rose clearly over the week, more than the broader Stockholm market.

    The move was ordinary in size for the stock.

    Its CEO Axel Berntsson bought about SEK 0.9 million of shares on 29 October, a sign of confidence in the company, though insider buying is not a guarantee.

    The stock has been near its one-year high, which may partly reflect strong third-quarter results from 21 October, with net sales up 40.7% and operating profit up sharply.

  • +1.09% market +0.41% Bulten rose, an ordinary day for the stock. Read →

    Bulten rose, an ordinary day for the stock.

    The shares moved more than OMX Stockholm 30, which also rose slightly over the same session.

    Trading volume was well above its usual level.

    Over the last five trading days Bulten rose sharply, a big move for this stock and one of about eight of that size in the past year.

    The rise likely reflects the strong third-quarter report, with net sales up 40.7% and operating earnings (profit before interest and tax) rising to SEK 67 million from SEK 12 million.

  • +2.07% market +0.41% Bulten rose sharply, with no clear company news to explain it. Read →

    Bulten rose sharply, with no clear company news to explain it.

    Over the same day, OMX Stockholm 30 rose only slightly, so Bulten moved well ahead of the market.

    Trading was well above normal, and the move came after its strong quarterly report earlier this week.

    Analysts at SB1 Markets had already raised their target price, a fair-value estimate, after that report.

    Over the last five trading days, Bulten rose very sharply while the market fell, a move that was rare for the stock this past year.

  • +13.67% market −3.67% Bulten rose very sharply over the last five trading days, moving against a market that fell sharply. Read →

    Bulten rose very sharply over the last five trading days, moving against a market that fell sharply.

    The move was very big for this stock, roughly five times a normal five-day stretch.

    Bulten's third-quarter report, published early in the week, showed net sales up 40.7% and operating profit (EBIT, earnings before interest and tax) rising to SEK 67 million from SEK 12 million, which likely drove the rally.

    Analyst SB1 Markets raised its target price, the share price it sees as fair, after the report.

  • +2.11% market −2.51% Bulten rose sharply after strong quarterly results and an analyst target raise. Read →

    Bulten rose sharply after strong quarterly results and an analyst target raise.

    Bulten rose clearly while the OMX Stockholm 30 fell sharply, so it moved against the market.

    Over the last five trading days, Bulten rose very sharply while the market fell clearly.

    The move was very big for Bulten, roughly five times a normal five-day stretch, and trading volume was well above usual.

    Likely drivers are the strong third-quarter report, with net sales up 40.7% and operating profit well above last year, and SB1 Markets raising its target price after it.

  • +6.61% market +0.17% Bulten rose sharply that day, its Q3 report driving the move while the broader market stayed roughly flat. Read →

    Bulten rose sharply that day, its Q3 report driving the move while the broader market stayed roughly flat.

    Bulten moved clearly against the market, which was roughly unchanged, so the move looks company-specific rather than market-wide.

    The third-quarter report showed net sales up about 41% and operating profit (EBIT, earnings before interest and tax) rising sharply, with the operating margin widening to 8.1%.

    Volume was about six times a normal session, and the move was very big for a report day, which is typical for Bulten.

  • +2.21% market +1.25% Bulten rose clearly without any company news that day; the move came alongside a broad market gain. Read →

    Bulten rose clearly without any company news that day; the move came alongside a broad market gain.

    Over the last five trading days Bulten rose slightly, a little more than OMX Stockholm 30, which also edged up.

    The next thing to watch is the Q3 report on 21 October 2026.

  • +2.36% market +1.19% Bulten AB rose slightly over the last five trading days, a little more than the broader OMX Stockholm 30 index, which also edged up. Read →

    Bulten AB rose slightly over the last five trading days, a little more than the broader OMX Stockholm 30 index, which also edged up.

    The main company news was a leadership change: CFO Anna Åkerblad announced her resignation, staying on until the end of October, which the market may read as a modest concern, though the move was small.

    Next, watch the Q3 report on 21 October, which is the event most likely to move the shares.

  • −1.73% market −0.62% Bulten fell clearly without any new company news on the day itself. Read →

    Bulten fell clearly without any new company news on the day itself.

    Over the last five trading days the shares were roughly unchanged while OMX Stockholm 30 rose clearly, so Bulten lagged the market.

    The most likely driver of the session's drop is general selling pressure in cyclical industrial stocks; the earlier news, including the CFO Anna Åkerblad's resignation and a new Buy rating from SB1 Markets, was already known when the session opened.

    Investors will watch the Q3 report on 21 October, when the new CFO situation and the company's results will be in focus.

  • +5.81% market −0.02% Bulten rose very sharply while the Stockholm market was roughly flat, and no clear company event explains it. Read →

    Bulten rose very sharply while the Stockholm market was roughly flat, and no clear company event explains it.

    Bulten makes fasteners (bolts and similar parts), so its shares tend to follow industrial demand, the auto sector and investor sentiment about its restructuring.

    The day's company news was mostly routine: a nomination committee for the 2027 annual meeting and a small shareholder disclosure.

    Over the last five trading days the shares rose slightly, a little more than the market's slight gain.

    The CFO's departure, announced the day before, is more likely to weigh on sentiment than to explain a rise.

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