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Why Gränges stock moves

Gränges barely moved, against a market down clearly.

Written after the close on ·

Why today

15,568 news analyzed today

Gränges barely moved, against a market down clearly.

No company news explains the move.

Shares fell slightly over the last five trading days while the OMX Stockholm 30 was roughly flat.

The session move was an ordinary day for Gränges.

Trading volume was about twice a normal session, with heavy trading.

Today's move of +0.18% was 0.2 times a normal day's 1.1%. OMX Stockholm 30 moved −1.01% on the same day.

Gränges +0.18%OMX Stockholm 30 −1.01%A little stronger than 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 Gränges.

Gränges earned more than expected in 5 out of 8 reports.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 5 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 4Hold 1Sell 0

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

Price targets

Latest price 168.40 SEK

Price targets
Low 195Average 217High 230

The average target is 216.80 SEK, +29% relative to the latest price of 168.40 SEK. The range is 195.00 SEK–230.00 SEK. A target is the analyst’s estimate of a future share price. 5 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction1.42.12.93.64.32025-01-30: 2.06; Expected EPS: 1.7330/1’25+1.1%2025-04-25: 2.34; Expected EPS: 2.5425/4’25+11.6%2025-07-11: 2.62; Expected EPS: 2.8411/7’25+0.5%2025-10-23: 2.27; Expected EPS: 2.4723/10’25+9.2%2026-01-29: 2.31; Expected EPS: 1.9329/1’26+0.3%2026-04-23: 2.97; Expected EPS: 2.5123/4’26+2.4%2026-07-16: 3.84; Expected EPS: 3.3016/7’26+5.2%2026-10-22: 4.00; Expected EPS: 3.3022/10’26+1.4%Next reported quarter: expected earnings per share of 3.26.→28/01

Expected EPSAbove estimateBelow estimateAs expectedSEK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 3.26 SEK (January 28). For the current fiscal year, expected earnings per share changed from 13.15 SEK three months ago to 14.02 SEK now. 2026 estimate: 14.02 SEK. 2027 estimate: 15.59 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. August 6: Sell about 1.3 m SEK. February 18: Sell about 1.4 m SEK. November 12: Buy about 477 thousand SEK. November 11: Sell about 2.8 m SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 3 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +11% and earnings per share +0%.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)01530462022: 24.492022: 0.7020222023: 22.522023: 1.0120232024: 23.502024: 1.0120242025: 28.362025: 1.012025Now2026: 36.1720262027: 41.4420272022: 9.0792023: 12.33122024: 14.00142025: 15.5116Now: 17.9418

RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK

Market cap is 0.6 times 2025 revenue, against 0.4 in 2022. Profit in 2025: 1.0 bn SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)0816242022: 17.532022: 9.3220222023: 16.692023: 7.8820232024: 21.402024: 10.5620242025: 20.632025: 10.382025Now2022: 9.0792023: 12.33122024: 14.00142025: 15.5116Now: 17.9418

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 10.3 bn SEK for shareholders. Market cap is 1.7 times that equity.

Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): 17.9 bn SEKRevenue 2025: 28.4 bn SEK

What the key figures say about Gränges

The figures connect what Gränges 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 share12.63 SEK
NowEarnings per share2022: 6.58222023: 9.48232024: 9.51242025: 9.54252026: 14.02262027: 15.59272022: 85.302023: 116.002024: 131.702025: 145.70

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

2022–2025: 6.58 SEK–9.54 SEK. Peers: Alcoa $5.75, Norsk Hydro 6.59 NOK, Billerud 0.94 SEK. 2026 estimate: 14.02 SEK (13.84 SEK–14.15 SEK). 2027 estimate: 15.59 SEK (13.90 SEK–17.01 SEK).

Revenue34.6 bn SEK
NowRevenue2022: 24,492,000,000.00222023: 22,519,000,000.00232024: 23,505,000,000.00242025: 28,362,000,000.00252026: 36,171,228,000.00262027: 41,441,420,640.00272022: 85.302023: 116.002024: 131.702025: 145.70

What the company sold during the year.

2022–2025: 22.5 bn SEK–28.4 bn SEK. Peers: Alcoa $14.3B, Norsk Hydro 206.2 bn NOK, Billerud 39.2 bn SEK. 2026 estimate: 36.2 bn SEK (35.3 bn SEK–36.7 bn SEK). 2027 estimate: 41.4 bn SEK (39.3 bn SEK–45.6 bn SEK).

Operating margin5.8%
NowOperating margin2022: 5.13222023: 7.03232024: 6.68242025: 5.70252022: 85.302023: 116.002024: 131.702025: 145.70

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

2022–2025: 5.1%–7.0%. Peers: Alcoa 11.4%, Norsk Hydro 19.6%, Billerud 0.4%.

Return on equity12.4%
NowReturn on equity2022: 8.53222023: 11.47232024: 9.89242025: 10.45252022: 85.302023: 116.002024: 131.702025: 145.70

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

2022–2025: 8.5%–11.5%. Peers: Alcoa 20.6%, Norsk Hydro 12.0%, Billerud 0.8%.

P/E13.3
NowP/E2022: 12.96222023: 12.24232024: 13.85242025: 15.27252026: 12.01262027: 10.8027

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

2022–2025: 12.2–15.3. Peers: Alcoa 6.9, Norsk Hydro 10.4, Billerud 93.8. 2026 estimate: 12.0. 2027 estimate: 10.8.

Market cap per unit of revenue (P/S)0.52
NowMarket cap per unit of revenue (P/S)2022: 0.37222023: 0.55232024: 0.60242025: 0.55252026: 0.50262027: 0.4327

What investors pay for each unit the company sells.

2022–2025: 0.37–0.60. Peers: Alcoa 0.73, Norsk Hydro 0.65, Billerud 0.56. 2026 estimate: 0.50. 2027 estimate: 0.43.

Dividend per share3.30 SEK
NowDividend per share2017: 2.13172018: 2.66182019: 2.84192020: 0.00202021: 1.10212022: 2.25222023: 2.50232024: 3.00242025: 3.2025

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

2017–2025: 0.00 SEK–3.20 SEK.

Dividend yield2.0%
NowDividend yield2022: 2.64222023: 2.16232024: 2.28242025: 2.2025

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

2022–2025: 2.2%–2.6%. Peers: Alcoa 1.0%, Norsk Hydro 4.4%, Billerud 2.3%.

Net debt / EBITDA1.88
NowNet debt / EBITDA2022: 2.04222023: 1.24232024: 1.93242025: 1.7725

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 1.24–2.04. Peers: Alcoa 0.14, Norsk Hydro 0.28, Billerud 2.29.

More key figures
Market cap / equity (P/B)1.60
NowMarket cap / equity (P/B)2022: 1.11222023: 1.40232024: 1.37242025: 1.6025

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

2022–2025: 1.11–1.60. Peers: Alcoa 1.27, Norsk Hydro 1.26, Billerud 0.78.

EV / EBIT12.4
2025EV / EBIT2022: 11.66222023: 9.66232024: 12.26242025: 12.4525

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

2022–2025: 9.7–12.4.

Free cash flow per share-3.25 SEK
NowFree cash flow per share2022: 1.03222023: 19.42232024: -7.86242025: 5.34252022: 85.302023: 116.002024: 131.702025: 145.70

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

2022–2025: -7.86 SEK–19.42 SEK. Peers: Alcoa $3.37, Norsk Hydro 3.40 NOK, Billerud 0.61 SEK.

Equity ratio47.1%
2025Equity ratio2022: 46.80222023: 52.78232024: 47.87242025: 47.0625

The percentage of assets financed by shareholders’ equity.

2022–2025: 46.8%–52.8%.

The dividend explained

A dividend is money paid to shareholders. Gränges paid 3.30 SEK per share in the twelve months through November 6, 2026.

On the ex-dividend day, May 13, 2026, Gränges traded without the right to the 1.70 SEK dividend. The price went from 178.80 SEK to 180.60 SEK; including the dividend, the day's change was +2.0%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2017: 2.13 SEK2018: 2.66 SEK2019: 2.84 SEK2020: 0.00 SEK2021: 1.10 SEK2022: 2.25 SEK2023: 2.50 SEK2024: 3.00 SEK2025: 3.20 SEK2026 so far: 1.70 SEK

What to watch next, and why

From the ex-day, Gränges trades without entitlement to the next dividend.

  • The dividend explained

    From the ex-day, Gränges trades without entitlement to the next dividend.

  • Earnings report

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

    Add to calendar
More about Gränges

Insider trades

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

  • Fredrik Spens, senior executiveSellabout 1.3 m SEK
  • Oskar Hellström, senior executiveSellabout 1.4 m SEK
  • Jörgen Rosengren, CEOBuyabout 477 thousand SEK
  • Jörgen Rosengren, CEOSellabout 2.8 m SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day3.9%

Normal day1.1%

On its last 15 report days Gränges usually moved about 3.9%. On a normal day it moves 1.1%.

+1.40% +5.25% +2.43% +0.33%

10,000 SEK in Gränges bought on November 7, 2016 is worth 27,900 SEK today, with dividends reinvested.

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

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

27,900 SEK

with dividends reinvested, bought on November 7, 2016.

At worst it was worth 6,110 SEK (April 3, 2020).

The five biggest days of the journey

· +19.1% · the whole market rose 3.4% the same day

· −14.4% · the whole market fell 10.6% the same day

· +13.6% · the whole market rose 1.1% the same day · report day

· −13.4% · the whole market fell 0.6% the same day · report day

· +12.8% · the whole market rose 1.4% the same day · report day

Earlier days

  • +2.56% market +3.01% Gränges rose clearly over the last five trading days, moving in line with the broader Stockholm market, which also rose clearly. Read →

    Gränges rose clearly over the last five trading days, moving in line with the broader Stockholm market, which also rose clearly.

    The main driver was the strong third-quarter report published on 22 October, with record earnings and better cash flow, which analysts welcomed and some raised their target prices on.

    Within the week the stock was roughly flat in the last session and moved less than the market, which fell slightly.

    Next, watch the full-year report due on Thursday 28 January 2027.

  • +2.12% market +0.96% Gränges rose, moving well ahead of a roughly flat market. Read →

    Gränges rose, moving well ahead of a roughly flat market.

    No company news from that session explains the move, so it looks more like trading-driven.

    Over the last five trading days the stock was roughly unchanged, while the market was also roughly flat.

    Trading volume was well below its usual level, so the move may have been driven by few trades.

Learn more · Why does a stock fall on the ex-dividend date? · Why do stocks go up and down?

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