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MilDef Group AB (publ)OM:MILDEF Stock Report

Market Cap SEK 8.5b
Share Price
SEK 181.15
SEK 208.4
13.1% undervalued intrinsic discount
1Y-29.1%
7D-5.7%
1D
Portfolio Value
View

MilDef Group AB (publ)

OM:MILDEF Stock Report

Market Cap: SEK 8.5b

MilDef Group (MILDEF) Stock Overview

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally. More details

MILDEF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends0/6

MILDEF Community Fair Values

Create Narrative

See what 35 others think this stock is worth. Follow their fair value or set your own to get alerts.

MilDef Group AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for MilDef Group
Historical stock prices
Current Share PriceSEK 181.15
52 Week HighSEK 266.60
52 Week LowSEK 110.20
Beta1.09
1 Month Change4.65%
3 Month Change38.39%
1 Year Change-29.07%
3 Year Change147.81%
5 Year Change396.30%
Change since IPO390.92%

Recent News & Updates

Analysis Article Apr 26

MilDef Group AB (publ) Just Beat EPS By 93%: Here's What Analysts Think Will Happen Next

It's been a good week for MilDef Group AB (publ) ( STO:MILDEF ) shareholders, because the company has just released its...

Recent updates

Analysis Article Apr 26

MilDef Group AB (publ) Just Beat EPS By 93%: Here's What Analysts Think Will Happen Next

It's been a good week for MilDef Group AB (publ) ( STO:MILDEF ) shareholders, because the company has just released its...
Narrative Update Apr 20

MILDEF: Helsingborg Expansion And 2026 Guidance Will Support Long Term Upside Potential

Analysts now set their fair value estimate for MilDef Group at SEK 208.40, compared with the prior SEK 206.00, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples. What's in the News MilDef issued earnings guidance for the first quarter of 2026, indicating revenue of about SEK 700 million compared with SEK 340 million, and an expected EBITA in the range of SEK 115 million to SEK 120 million, which corresponds to an EBITA margin of about 17% compared with 4.6% (Key Developments).
Narrative Update Apr 05

MILDEF: Future Dividend Policy Will Support Long Term Upside Potential

MilDef Group's analyst price target has been adjusted slightly from SEK 208 to SEK 206 as analysts refresh their models around discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News MilDef Group AB (publ) declared an annual dividend of SEK 0.7500 per share, scheduled for payment on May 28, 2026 (Key Developments).
Narrative Update Mar 22

MILDEF: Future Dividend And Steady Assumptions Will Support Long Term Upside

Analysts have kept their SEK price target for MilDef Group steady, with minor tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E. These adjustments reflect updated assumptions rather than a change in the overall valuation view.
Narrative Update Mar 08

MILDEF: Future Dividend And Stable Assumptions Will Support Long Term Upside

Analysts have kept their SEK 208 price target for MilDef Group unchanged, as small tweaks to the discount rate and forward P/E assumptions are seen as offsetting each other in their updated valuation work. What's in the News MilDef Group AB announced an annual dividend of SEK 0.75 per share.
Narrative Update Feb 22

MILDEF: Future Dividend Policy Will Support Long Term Upside Potential

Analysts have kept their SEK 208.00 price target for MilDef Group unchanged, citing only minor tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions that collectively preserve their overall view of the share's valuation. What's in the News MilDef Group AB (publ) announced an annual dividend of SEK 0.7500 per share, with payment scheduled for May 28, 2026.
Narrative Update Feb 07

MILDEF: Future Dividend And Defense Facilities Will Support Long Term Upside

Analysts have trimmed their price target on MilDef Group from SEK210 to SEK208. This reflects updated assumptions for revenue growth, profit margins and a higher future P/E multiple in their models.
Narrative Update Jan 24

MILDEF: New Bastionen Facility Will Support Stronger Long Term Defense Contracts

Analysts have trimmed their price target on MilDef Group from SEK 230.50 to SEK 210.00, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E levels. Valuation Changes Fair Value: Trimmed from SEK 230.50 to SEK 210.00, a reduction of SEK 20.50 per share.
Analysis Article Jan 16

Should You Investigate MilDef Group AB (publ) (STO:MILDEF) At kr145?

MilDef Group AB (publ) ( STO:MILDEF ), is not the largest company out there, but it led the OM gainers with a...
Narrative Update Jan 09

MILDEF: New Bastionen Facility Will Support Stronger Long Term Defense Contracts

Analysts have revised their price target for MilDef Group from SEK 267.50 to SEK 230.50, reflecting updated assumptions on revenue growth, profit margins, the discount rate, and a lower future P/E multiple. What's in the News MilDef has opened a new 6,500 square meter office and production facility in Rosersberg, north of Stockholm, called Bastionen.
Analysis Article Dec 19

Here's Why MilDef Group (STO:MILDEF) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 12

MilDef Group AB (publ) (STO:MILDEF) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

MilDef Group AB (publ) ( STO:MILDEF ) shareholders won't be pleased to see that the share price has had a very rough...
Analysis Article Sep 19

After Leaping 27% MilDef Group AB (publ) (STO:MILDEF) Shares Are Not Flying Under The Radar

MilDef Group AB (publ) ( STO:MILDEF ) shareholders are no doubt pleased to see that the share price has bounced 27% in...
Analysis Article Jul 22

MilDef Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

MilDef Group AB (publ) ( STO:MILDEF ) last week reported its latest quarterly results, which makes it a good time for...
Analysis Article Jul 02

Market Cool On MilDef Group AB (publ)'s (STO:MILDEF) Revenues Pushing Shares 30% Lower

MilDef Group AB (publ) ( STO:MILDEF ) shareholders won't be pleased to see that the share price has had a very rough...
Analysis Article May 03

Investors Appear Satisfied With MilDef Group AB (publ)'s (STO:MILDEF) Prospects As Shares Rocket 27%

Despite an already strong run, MilDef Group AB (publ) ( STO:MILDEF ) shares have been powering on, with a gain of 27...
Analysis Article Apr 13

MilDef Group AB (publ) (STO:MILDEF) Released Earnings Last Week And Analysts Lifted Their Price Target To kr184

Investors in MilDef Group AB (publ) ( STO:MILDEF ) had a good week, as its shares rose 9.1% to close at kr212 following...
Analysis Article Apr 02

MilDef Group (STO:MILDEF) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Feb 18

MilDef Group AB (publ) (STO:MILDEF) Stocks Shoot Up 30% But Its P/S Still Looks Reasonable

MilDef Group AB (publ) ( STO:MILDEF ) shares have continued their recent momentum with a 30% gain in the last month...
User avatar
New Narrative Feb 11

Acquiring Roda Will Open Central European Markets In Defense Sector

Strategic shift to defense sector and acquisition expansion likely to improve revenue and margins amid growing defense spending.
Analysis Article Dec 04

Analyst Forecasts For MilDef Group AB (publ) (STO:MILDEF) Are Surging Higher

Celebrations may be in order for MilDef Group AB (publ) ( STO:MILDEF ) shareholders, with the analysts delivering a...
Analysis Article Nov 21

MilDef Group AB (publ) (STO:MILDEF) Stocks Shoot Up 25% But Its P/S Still Looks Reasonable

MilDef Group AB (publ) ( STO:MILDEF ) shares have continued their recent momentum with a 25% gain in the last month...
Analysis Article Nov 19

This Just In: Analysts Are Boosting Their MilDef Group AB (publ) (STO:MILDEF) Outlook for Next Year

MilDef Group AB (publ) ( STO:MILDEF ) shareholders will have a reason to smile today, with the analysts making...
Analysis Article Oct 30

MilDef Group AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

The third-quarter results for MilDef Group AB (publ) ( STO:MILDEF ) were released last week, making it a good time to...
Analysis Article Aug 19

MilDef Group AB (publ) (STO:MILDEF) Looks Just Right With A 26% Price Jump

MilDef Group AB (publ) ( STO:MILDEF ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Jul 29

MilDef Group AB (publ) Just Beat EPS By 147%: Here's What Analysts Think Will Happen Next

MilDef Group AB (publ) ( STO:MILDEF ) just released its latest second-quarter results and things are looking bullish...
Analysis Article May 01

MilDef Group AB (publ) Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

MilDef Group AB (publ) ( STO:MILDEF ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article Apr 19

Is Now The Time To Look At Buying MilDef Group AB (publ) (STO:MILDEF)?

MilDef Group AB (publ) ( STO:MILDEF ), is not the largest company out there, but it saw significant share price...

Shareholder Returns

MILDEFSE Aerospace & DefenseSE Market
7D-5.7%6.7%-1.6%
1Y-29.1%13.0%13.5%

Return vs Industry: MILDEF underperformed the Swedish Aerospace & Defense industry which returned 13% over the past year.

Return vs Market: MILDEF underperformed the Swedish Market which returned 13.5% over the past year.

Price Volatility

Is MILDEF's price volatile compared to industry and market?
MILDEF volatility
MILDEF Average Weekly Movement12.4%
Aerospace & Defense Industry Average Movement8.1%
Market Average Movement6.3%
10% most volatile stocks in SE Market13.5%
10% least volatile stocks in SE Market3.7%

Stable Share Price: MILDEF's share price has been volatile over the past 3 months compared to the Swedish market.

Volatility Over Time: MILDEF's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
1997514Daniel Ljunggrenmildef.com

MilDef Group AB (publ), together with its subsidiaries, develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally. The company offers IT equipment, rugged computers, KVM, switches, routers, power distribution, customer projects, and accessories; laptops, tablets, and handhelds; intelligent displays; special electronics; concept products; and fiber optic and keyboards. It also provides OneCIS, a tactical C2IS platform; development services; and consulting services, such as project management and facilitating, change management and benefit realization, service design and architecture, and IT advisory and security.

MilDef Group AB (publ) Fundamentals Summary

How do MilDef Group's earnings and revenue compare to its market cap?
MILDEF fundamental statistics
Market capSEK 8.53b
Earnings (TTM)SEK 218.90m
Revenue (TTM)SEK 2.41b
39.0x
P/E Ratio
3.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MILDEF income statement (TTM)
RevenueSEK 2.41b
Cost of RevenueSEK 1.34b
Gross ProfitSEK 1.07b
Other ExpensesSEK 851.80m
EarningsSEK 218.90m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 16, 2026

Earnings per share (EPS)4.65
Gross Margin44.36%
Net Profit Margin9.07%
Debt/Equity Ratio30.9%

How did MILDEF perform over the long term?

See historical performance and comparison

Dividends

0.4%
Current Dividend Yield
16%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 05:00
End of Day Share Price 2026/06/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MilDef Group AB (publ) is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mads Brinkmann AndersenBerenberg
Daniel LindkvistDanske Bank
Hugo LisjoDNB Carnegie Commissioned Research