Assa Abloy ASSA B
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Full analysis: 5 Apr 2026
Latest news check: 18 Jul 2026
General analysis — not personal advice.
HOLD
6/10
Confidence
Keep the position; wait for the outcome of Latour’s book-build and the Q2 report before adding. Any weakness tied to the overhang may offer a better entry than buying ahead of the placement.
Maintain HOLD: strong profitability/cash generation and improved credit outlook, but Latour’s accelerated sell-down introduces a near-term overhang and could pressure the share/raise volatility. FX and cyclical exposure remain key risks into Q2.
Market sentiment
6/10
→
Trend: Stable
Sentiment remains broadly positive on quality, margins and cash flow, but is tempered by FX headwinds, slightly lower estimates, and a new ownership overhang from Latour’s planned sell-down.
Risk assessment
5/10
Dilution:
Low
Strong cash flow; no equity raise signals.
Jurisdiction:
Low
Mostly developed markets; low political risk.
Execution:
Medium
High M&A pace requires continuous integration execution.
Recent changes
- ▼ Sentiment drops from 7 to 6 and the trend shifts from improving to stable, driven by a new shareholder overhang (Latour), FX headwinds, and slightly lowered estimates.
About the company
Assa Abloy is a global leader in locks, door environments, entrance automation, and digital access control. The company is profitable with record-high margins and grows through both organic initiatives and frequent bolt-on acquisitions. Near-term results are often influenced by FX moves and the construction/housing cycle, especially in North America and Europe.
Sector:
Access and security solutions
Type:
Industrial
Next report
27 Oct 2026
Q3
Catalysts
27 Oct 2026
Q3 report
High
Horizon:
Bull case
Strong operating leverage and record margins confirm pricing power despite currency headwinds.
Bear case
Currency headwinds and weakness in Asia may continue to pressure reported growth.
Signal rationale (informational)
Maintain HOLD: strong profitability/cash generation and improved credit outlook, but Latour’s accelerated sell-down introduces a near-term overhang and could pressure the share/raise volatility. FX and cyclical exposure remain key risks into Q2.
Recent news
- Q2 report on 17 July beat expectations across the board with record 17.0 % margin and 4 % organic growth. Shares rose approximately 4.7–4.9 % to 348 SEK. Next report Q3 on 27 October.
Price & valuation
Last close
SEK 362
1 week
-1.2 %
3 months
+6.5 %
12 months
+9.7 %
From 52w high
-8.4 %
From 52w low
+13.5 %
Exchange
Stockholm
Type
Industrials
Sector
Access and security solutions
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.