Equity Brief · Basic Materials2026-10-27
GRNG.ST·Basic Materials

Last results 22 Oct 2026

Gränges AB (publ)

I · AI Analysis

The brief

Gränges develops, produces, and distributes clad and unclad rolled aluminum products under the Gränges Endure brand, primarily for automotive heat exchangers, HVAC systems, battery and electrification applications, specialty packaging, and industrial uses [Yahoo Finance]. Founded in 1896 and headquartered in Stockholm, the company operates across three continents with approximately 3,536 employees [Yahoo Finance].

Gränges AB is a Swedish manufacturer of rolled aluminum products serving automotive heat exchangers, HVAC, battery systems, and industrial applications across the Americas, Asia, and Europe [Yahoo Finance]. The company just reported record third-quarter 2026 earnings, with profit up 50% year-over-year and revenue growth of 36.8% [Yahoo Finance] [Affärsvärlden]. Despite the strong results, the stock showed little initial reaction and trades at SEK 171.50, well below the analyst consensus median target of SEK 220 [Yahoo Finance] [Analyst consensus].

Strong revenue and earnings growth in latest quarter, but negative free cash flow and forward P/E above trailing P/E suggest near-term headwinds.

The brief AI analysisConfidence 7/10

Sentinellis health

Moderate concerns

6.2/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

14% of score0.0/10
Net margin+3.9%· need ≥ 5.4%, the lower third of metals & mining in our libraryGross margin+25.1%· need ≥ 26.7%, the lower third of metals & mining in our library

Returns on capital

14% of score3.3/10
ROIC+9.8%· need > 10%Return on equity+12.0%

Growth & momentum

19% of score10.0/10
Revenue growth+36.8%Operating margin trend+0.0pp YoY

Balance sheet

29% of score10.0/10
Current ratio1.5xNet debt / EBITDA1.8x· mid-cycle 2.3xInterest coverage7.3xDebt / equity0.51

Cash generation

14% of score0.0/10
Free cash flowSEK -346.0M· need positiveCash vs reported profitSEK 293.0M vs SEK 1.3B· need OCF > net income

Value creation

10% of score10.0/10
ROIC vs cost of capital+2.7pp

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

SEK 18.3B

Revenue (TTM)

SEK 34.6B

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

6 stories · ranked by relevance

  • Company2026-10-23

    Gränges (OM:GRNG) Stock Drifts Despite Record Q3 Earnings Strength - Yahoo Finance

    Yahoo Finance

  • Company2026-10-22

    Earnings call transcript: Gränges posts record Q3 2026 profit as shares rise - Investing.com

    Investing.com

  • Company2026-10-21

    Earnings To Watch: Granges AB (OSTO:GRNG) Q3 2026 -- GF Value Sees 16% Upside - Yahoo Finance

    Yahoo Finance

  • Company2026-10-23

    Gränges maintains sales volume growth in Q3 - Recycling Today

    Recycling Today

  • Company2026-10-22

    Gränges AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026 - www.marketscreener.com

    marketscreener.com

  • Company2026-10-22

    Gränges Q3 2026 Earnings Call Is Live - TradingView

    TradingView

Premium · Free with any account

Free cash flow was negative SEK 346 million over the trailing twelve months, indicating the company is consuming rather than generating cash despite positive earnings [Sentinellis calculation].

1 of 5 risks in this report

Risks

5

Opportunities

5

Leadership

10

9 more findings in the full report — free with any account.

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III · Related

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Produced 27 Oct 2026, 10:56 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated