Added to YB: 2026-06-24
Pitch date: 2026-06-04
IDUN-B.ST [bullish]
Idun Industrier AB (publ)
Author Info
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Company Info
Idun Industrier AB (publ), an investment holding company, invests in and develops industrial and service businesses in Sweden, rest of Nordic countries, rest of Europe, and internationally.
Market Cap
SEK 3.9B
Pitch Price
N/A
Price Target
420.00
Dividend
0.34%
EV/EBITDA
13.39
P/E
65.74
EV/Sales
2.14
Sector
Industrial Conglomerates
Category
value
Idun Industrier: The Next Great Swedish Serial Acquirer That Nobody Talks About?
IDUN-B.ST: Swedish serial acquirer buying niche industrials at 5-8x EBITA; compounded attributable EBITA/share 16.6% since 2016. Under-earning on cyclical trough + deliberate M&A slowdown, both temporary. ~16x run-rate EV/attrib EBITA vs peers 21x, 5.3% FCF yield. Exceptional 44% mgmt/board ownership. ~15% IRR base case, more on re-rate. Add <SEK300, trim >SEK420. Risks: cycle stalls, key-person, 79% voting control.
Read full article (21 min)