olivLaw · European equity research
Loomis AB LOOMIS.ST
Sweden · Nasdaq Stockholm · ISIN SE0014504817 · Vertical: Listed companies from Sweden
Loomis AB provides cash and valuables handling services to banks, central banks and retailers, in a market where digitalisation and consolidation are changing demand. The company aims for organic growth and selective acquisitions, including in SMEs and ATM services in the US, with an energy transition already advanced in Europe and Latin America.
At the close of 05 Nov 2026, Loomis AB (LOOMIS.ST) stock was 516.50 SEK (−1.43% on the day), with market capitalisation 35.1 bn SEK, P/E 22.3 on diluted EPS of 23.21 SEK over the last 12 months, dividend yield 2.73%, beta 0.52, 52-week range 355.60–579.00 SEK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 36.6
- weak (30–45)
- Bollinger (20, 2)
- 512.98 – 595.12
- in the lower half of the band · %B 0.04 · band width 14.8%
- SMA 50 / 200
- 547.70 / 480.82
- mixed trend
- MACD (12, 26, 9)
- -8.11 / -2.47
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −8.1% | −0.6% | −7.4 pp | — |
| 3 months | −2.7% | −4.2% | +1.4 pp | — |
| 6 months | +10.7% | +4.3% | +6.4 pp | — |
| Year to date | +32.3% | +7.5% | +24.8 pp | — |
| 1 year | +43.2% | +9.9% | +33.2 pp | −8.5% |
| 3 years | +77.9% | +49.8% | +28.0 pp | +12.3% |
| 5 years | +103.5% | +42.8% | +60.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 12.8, median 14.3, max 16.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 28.7 bn | 30.4 bn | 30.4 bn |
| Revenue YoY | unavailable | +6.0% | −0.0% |
| Net income | 1.5 bn | 1.6 bn | 1.6 bn |
| Net income YoY | unavailable | +9.8% | −3.6% |
| Diluted EPS | 20.96 | 23.45 | 23.21 |
| Diluted EPS YoY | unavailable | +11.9% | −1.0% |
| net % | 5.2% | 5.4% | 5.2% |
| Free cash flow | 3.1 bn | 4.1 bn | 3.2 bn |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 7.5 bn SEK
- Financial debt
- 6.1 bn SEK
- Net debt
- -1.4 bn SEK
- Equity
- 12.0 bn SEK
- Total assets
- 37.0 bn SEK
- Debt / equity
- 0.51x
- Current ratio
- 1.11x
- ROE
- 12.3%
- ROA
- 4.1%
- FCF margin
- 10.5%
Financial statements (source on every figure)
Revenue and net income (SEK)
Margins
Income statement · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 28.7 bn | 30.4 bn | 30.4 bn | esef· 26 Oct 2026verified |
| Operating income | 2.8 bn | 3.0 bn | 3.0 bn | esef· 26 Oct 2026verified |
| Interest expense | 664.0 m | 822.0 m | 740.0 m | esef· 26 Oct 2026verified |
| Pre-tax income | 2.1 bn | 2.3 bn | 2.4 bn | esef· 26 Oct 2026verified |
| Income tax | 654.0 m | 630.0 m | 799.0 m | esef· 26 Oct 2026verified |
| Net income | 1.5 bn | 1.6 bn | 1.6 bn | esef· 26 Oct 2026verified |
| Diluted EPS | 20.96 | 23.45 | 23.21 | esef· 26 Oct 2026verified |
| Weighted average diluted shares | 71.3 m | 70.0 m | 68.2 m | esef· 26 Oct 2026verified |
| Dividend per share | 11.98 | 12.61 | 14.12 | esef· 26 Oct 2026derived |
Balance sheet · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 7.6 bn | 8.8 bn | 7.5 bn | esef· 26 Oct 2026verified |
| Inventories | 509.0 m | 421.0 m | 587.0 m | esef· 26 Oct 2026verified |
| Current assets | 13.1 bn | 14.7 bn | 13.6 bn | esef· 26 Oct 2026verified |
| Goodwill | 9.0 bn | 9.6 bn | 8.6 bn | esef· 26 Oct 2026verified |
| Intangibles (excl. goodwill) | 1.7 bn | 1.5 bn | 1.6 bn | esef· 26 Oct 2026verified |
| Total assets | 36.2 bn | 40.4 bn | 37.0 bn | esef· 26 Oct 2026verified |
| Long-term debt | 7.0 bn | 7.0 bn | 6.1 bn | esef· 26 Oct 2026verified |
| Current liabilities | 10.6 bn | 12.8 bn | 12.3 bn | esef· 26 Oct 2026verified |
| Equity | 12.7 bn | 13.6 bn | 12.0 bn | esef· 26 Oct 2026verified |
| Shares outstanding at year end | 71.2 m | 69.8 m | 67.9 m | esef· 26 Oct 2026derived |
Cash flow · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 5.1 bn | 5.7 bn | 4.6 bn | esef· 26 Oct 2026verified |
| Capex | 2.0 bn | 1.7 bn | 1.4 bn | esef· 26 Oct 2026verified |
| Free cash flow | 3.1 bn ≈ | 4.1 bn ≈ | 3.2 bn ≈ | esef· 26 Oct 2026derived |
| Investing cash flow | -3.9 bn | -1.7 bn | -2.1 bn | esef· 26 Oct 2026verified |
| Financing cash flow | -858.0 m | -3.5 bn | -2.6 bn | esef· 26 Oct 2026verified |
| Dividends paid | 853.0 m | 880.0 m | 959.0 m | esef· 26 Oct 2026verified |
| Share repurchases | 200.0 m | 800.0 m | 600.0 m | esef· 26 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 68 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 35.1 bn SEK
Key indicators
Coverage and freshness
Score by group
- Quality74
- Returns78
- Balance sheet34
- Valuation72
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 68/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 17.9% | 70 (vs peers) | 17% |
| Net margin · Quality | 5.2% | 56 (vs peers) | 10% |
| FCF conversion · Quality | 202.5% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 4.1x | 40 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.1x | 26 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 22.3x | 50 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 9.1% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 4.4% | 63 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 29.9% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet34/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality74/100 · 3/3 factors with a value
- Returns78/100 · 2/2 factors with a value
- Valuation72/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
LOOMIS AB (LOOMIS.ST). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 30.4 bn SEK in 2025; YoY growth -0.0%; net margin 5.2%; ROE 12.3%.
The estimated value range is 360.20–761.15 SEK per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 493.78 SEK, the price of 516.50 SEK leaves a potential of -4.4% (value / price − 1) and a margin of safety of -4.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 68/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 202.5%
- FCF yield: 9.1%
- Payout ratio (FCF): 29.9%
What contradicts it
- Current ratio: 1.1x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from Sweden · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ALFA.STAlfa Laval AB | 223.0 bn | 27.0 | 19.4% | 11.9% | +4.1% | +21% / +38% |
| BOL.STBoliden Ab | 143.0 bn | 15.2 | 13.3% | 10.1% | +4.8% | +12% / +81% |
| CAST.STCastellum Aktiebolag | 66.6 bn | 71.0 | 1.2% | 9.8% | −2.6% | +27% / +6% |
| AAK.STAak Ab (publ) | 47.5 bn | 13.9 | 17.2% | 7.5% | +2.2% | −31% / −14% |
| CAMX.STCamurus AB | 42.5 bn | 58.5 | 19.5% | 32.5% | +21.3% | +16% / +55% |
| LOOMIS.STLoomis Ab | 35.1 bn | 22.3 | 12.3% | 5.2% | −0.0% | +36% / +85% |
| BRAV.STBravida Holding AB | 30.1 bn | 24.5 | 13.7% | 4.4% | −4.9% | +84% / +123% |
| ASKER.STAsker Healthcare Group AB | 29.8 bn | 60.5 | 9.8% | 2.9% | +11.7% | −18% / unavailable |
| ALLEI.STAlleima AB | 22.7 bn | 33.8 | 4.1% | 3.6% | −5.4% | +11% / +19% |
| BURE.STBure Equity AB | 22.6 bn | — | -21.0% | — | unavailable | +20% / +19% |
| AQ.STAQ Group AB | 19.7 bn | 29.2 | 14.9% | 7.5% | +6.0% | +14% / +119% |
| ALTRA.STAltra Fastigheter AB | 18.4 bn | 33.9 | 3.0% | 15.1% | −2.2% | +9% / +19% |
| ATT.STAttendo AB (publ) | 16.8 bn | 20.7 | 15.1% | 4.3% | +0.1% | +34% / +223% |
| AFRY.STAfry Ab | 14.9 bn | 18.7 | 6.2% | 3.1% | −5.2% | −17% / +4% |
| ATRLJ-B.STAtrium Ljungberg AB | 14.0 bn | 17.1 | 2.9% | 23.9% | −2.0% | −33% / −44% |
| ALIG.STAlimak Group AB (publ) | 12.7 bn | 21.3 | 8.2% | 8.8% | −3.2% | −18% / +50% |
| ACAD.STAcadeMedia AB | 12.7 bn | 15.5 | 12.7% | 4.3% | +9.7% | +22% / +138% |
| APOTEA.STApotea AB (publ) | 10.7 bn | 46.8 | 31.3% | 3.2% | +10.1% | +15% / unavailable |
| BOOZT.STBoozt AB | 10.6 bn | 37.9 | 10.4% | 3.6% | +0.5% | +58% / +44% |
| BUFAB.STBufab AB (publ) | 5.0 bn | 9.2 | 15.1% | 6.9% | −7.4% | +36% / +110% |
| ACTI.STActive Biotech AB (publ) | 4.9 bn | — | -84.5% | — | unavailable | −32% / −77% |
| CEVI.STCellaVision AB | 4.7 bn | 30.8 | 18.0% | 20.2% | +4.9% | +20% / +12% |
| COOR.STCoor Service Management Holding AB | 4.7 bn | 18.2 | 13.0% | 2.2% | +16.7% | +1% / +25% |
| BHG.STBHG Group AB | 4.5 bn | 31.1 | 2.5% | 1.4% | +6.2% | −18% / +113% |
| CARA.STCarasent AB (publ) | 1.8 bn | 51.7 | 4.1% | 10.1% | +24.9% | −8% / +87% |
1- and 3-year price returns: for LOOMIS.ST from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (SEK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 292.34 Total return -41% · Per year -41% | 518.02 Total return 3% · Per year 3% | 781.91 Total return 55% · Per year 55% |
| 3 years | 258.37 Total return -44% · Per year -18% | 517.51 Total return 8% · Per year 3% | 861.25 Total return 77% · Per year 21% |
| 5 years | 228.35 Total return -47% · Per year -12% | 517.00 Total return 14% · Per year 3% | 948.64 Total return 102% · Per year 15% |
- Exit P/E± 129.38
- Net margin± 90.57
- Annual revenue growth± 77.73
- Annual dilution± 7.61
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Loomis AB provides cash and valuables handling services to banks, central banks and retailers, in a market where digitalisation and consolidation are changing demand. The company aims for organic growth and selective acquisitions, including in SMEs and ATM services in the US, with an energy transition already advanced in Europe and Latin America.
SWOT
Strengths
- The company has a consolidated position in cash handling for banks and central banks, with an extensive international network 1.
- Risk management is described as a core competence, with a structured and proactive framework across the group 1.
- Loomis has concrete energy and climate commitments that could support costs and reputation 1.
Weaknesses
Opportunities
Risks
- Macroeconomic conditionshigh
Changes in consumption and in the share of cash payments could affect demand. The company says the exact impact is hard to predict but does not rule out negative effects on results 1.
- Robbery and loss riskhigh
Valuables transport and storage expose the company to theft and losses, with financial and reputational consequences 1.
- Integration of acquisitionsmedium
Recent acquisitions in the US, Canada and Spain require operational integration, which could create unexpected costs if synergies do not materialise 1.
- Staff turnovermedium
High turnover or difficulty attracting talent could affect service quality and operating costs 1.
- Litigation and liabilitylow
The company mentions ongoing disputes and the assessment of contingent liabilities as a point of attention in the annual report 1.
Investment thesis
What would need to be true (bull case)
- If digitalisation and industry consolidation favour complete offers, Loomis could gain market share through acquisitions and integrated services 1.
- Expansion in the US through Burroughs and in SMEs through POS solutions could open new sources of recurring revenue 1.
- Advanced climate commitments and renewable energy could reduce costs and strengthen relationships with institutional customers 1.
What would break the thesis
- If cash loses ground faster than expected, the volume of core services could decline 1.
- Multiple acquisitions could put pressure on integration and margins, especially if synergies are delayed 1.
- Operational risks such as robbery and transport incidents remain a permanent source of costs and potential losses 1.
What to watch
- Revenue development against the organic growth target for the 2025-2027 strategy2026
- Integration of Burroughs and results in the US and Canada2026
- Progress in reducing Scope 1 and Scope 2 emissions against 20192027
- EBITA margin against the 12-14 percent range in the strategynext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Loomis has three product and service areas: cash and valuables handling, security and logistics services, and automated cash solutions. Its main customers are banks, central banks and large retailers, and the company relies on a decentralised organisation with shared group platforms 1. The stated goal is to offer complete solutions that reduce cost and cash-handling risk for customers 1.
In 2025 the company expanded its portfolio through acquisitions, including Burroughs in the US and Canada, a provider of ATM lifecycle services, and Kipfer-Logistik GmbH, a temperature-controlled pharmaceutical logistics firm 1. This extension aims at a full-service offer, including ATMs, on the US market 1.
Loomis is also building digital and payment services, mainly for small and medium-sized enterprises, through acquisitions of POS solutions in Spain 1. It has also launched an AI Center of Excellence in Granada, Spain, focused on financial services and payment solutions 1.
Segments
Cash and valuables handling
This is the core of the business, serving central banks, commercial banks and large retailers. The company seeks growth by consolidating the market in countries where it is already present 1.
Automated cash solutions and ATM services
This area includes technology for automated cash processing and, through Burroughs, first and second line ATM maintenance in the US and Canada 1. The acquisition strengthened Loomis's position in the US ATM market 1.
Logistics and digital
This area includes specialised logistics and POS and payment solutions aimed mainly at SMEs. Loomis says it pursues acquisitions here to extend its presence in markets where cash use remains high 1.
Market context
The market is described as consolidating, with rapid digitalisation and growing demand for complete solutions 1. Banks are reducing physical branch access and need services covering all payment types, and the company sees SMEs as a new customer group 1.
Markets where cash use remains high, including Latin America, are considered priorities for growth, with acquisitions in logistics and cash services 1. The company notes that exposure to the economy, consumer spending and robbery or loss risk influences demand 1.
Trends
- Digitalisation of paymentsmixed
Fewer bank branches and the shift to digital payments push customers toward integrated solutions. If demand for complete services continues, the company could benefit from a broader portfolio 1.
- Industry consolidationtailwind
Sector consolidation creates acquisition opportunities for Loomis, which seeks synergies in countries where it already operates 1.
- Still high cash use in some marketsmixed
In some countries cash remains widely used, supporting demand for handling and logistics services, though this could be affected by the shift to digital payments 1.
- Energy transitiontailwind
The move to renewable energy and lower-emission vehicles reduces costs and supports climate targets. This process could be faster in some countries than others 1.
Competitive position
The sources analysed do not identify direct competitors of Loomis. In cash and valuables handling, the company could be compared with other regional providers, but these names do not appear in the documents provided 1.
The competitor selection in this profile is limited to information in the annual report. For this reason the competitor list remains open and needs further verification.
- Regional cash handling providers
Not named in the sources provided; the company could compete with local operators in each country.
- ATM maintenance operators
Competition in the ATM service segment in the US and Canada is not detailed in the sources provided.
- POS solution providers for SMEs
The digital and POS segment in Spain and other markets has no competitors named in the sources provided.
- Temperature-controlled pharmaceutical logistics providers
This segment is mentioned in the context of the Kipfer-Logistik acquisition, but competitors are not named in the source.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202526 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Loomis AB · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.