Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Addtech AB (ADDT-B.ST)

Price updated 06 Nov 2026 09:55; TTM through 30 Sep 2026; TTM financials updated 06 Nov 2026 12:45.

Starts from TTM through 30 Sep 2026 financials in SEK and a share price of SEK 316.20. Growth begins at 7.4% a year (the valuation's blended assumption) and fades to 2.7% by year 10. Margins held at EBITDA 16.1%, net 9.8%, free cash flow 5.2% of revenue. Bear and bull move starting growth by 2.4 points and long-run growth by 1 point.

Year 1 uses analyst consensus revenue growth (8.4%); year 2 is halfway back to the model's own path.
SEK 52.53Model fair value (Free-cash-flow DCF); range SEK 33.24 to SEK 86.88
-83%Fair value vs today's price
HighModel confidence
75%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF is somewhat apart; trailing-twelve-month data; profit and cash flow steady for 3 years.

-2.6%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
SEK 39.10BRevenue in year 10 (base)
SEK 3.84BNet income in year 10 (base)
SEK 2.01BFree cash flow in year 10 (base)
SEK 5.33Dividend per share in year 10 (base)
SEK 197.14Implied share price in year 10 (base), today SEK 316.20
2.3%Year-10 free cash flow per share vs today's price

Free cash flow over time

SEK 0 SEK 703.00M SEK 1.41B SEK 2.11B SEK 2.81B FY2023 FY2024 FY2025 FY2026 TTM through 30 Sep 2026 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 6.1% SEK 1.71B 3.5%
Base 8.4% SEK 2.01B 5.2%
Bull 10.8% SEK 2.36B 6.9%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 30 Sep 2026– SEK 23.49BSEK 3.78BSEK 2.31BSEK 1.21B 8.354.373.2030.67316.20
Year 18.4% SEK 25.47BSEK 4.10BSEK 2.50BSEK 1.31B 9.054.743.4736.24299.97
Year 27.7% SEK 27.43BSEK 4.42BSEK 2.70BSEK 1.41B 9.745.113.7442.25276.80
Year 36.4% SEK 29.18BSEK 4.70BSEK 2.87BSEK 1.50B 10.365.433.9748.64245.34
Year 45.9% SEK 30.88BSEK 4.97BSEK 3.04BSEK 1.59B 10.975.754.2155.41207.71
Year 55.3% SEK 32.53BSEK 5.24BSEK 3.20BSEK 1.68B 11.566.064.4362.53164.01
Year 64.8% SEK 34.09BSEK 5.49BSEK 3.35BSEK 1.76B 12.116.354.6470.00171.89
Year 74.3% SEK 35.55BSEK 5.72BSEK 3.49BSEK 1.83B 12.636.624.8477.79179.24
Year 83.8% SEK 36.88BSEK 5.94BSEK 3.63BSEK 1.90B 13.106.875.0285.86185.96
Year 93.2% SEK 38.07BSEK 6.13BSEK 3.74BSEK 1.96B 13.537.095.1994.20191.96
Year 102.7% SEK 39.10BSEK 6.29BSEK 3.84BSEK 2.01B 13.897.285.33102.77197.14

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.