Epiroc EPI A
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Full analysis: 5 Apr 2026
Latest news check: 18 Jul 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Hold existing position; consider adding on a clear dip (e.g., 10%+) or after a strong Q1 print.
Hold: high-quality, profitable industrial with structural tailwinds.
- Near-term upside is capped by premium valuation and earnings sensitivity.
- Next key checkpoint is the Q1 report on 29 April 2026 to validate orders/margins.
Market sentiment
4/10
↓
Trend: Declining
Sentiment has weakened materially after the margin/order miss versus expectations and the sharp share-price reaction, even though cash flow and mining demand are still viewed as resilient.
Risk assessment
4/10
Dilution:
Low
Strong cash flow, no equity raise signals
Jurisdiction:
Low
Sweden-based, globally diversified operations
Execution:
Low
Proven delivery and stable margins
Recent changes
- Epiroc reported Q1 2026 with a strong order intake beat, but weaker revenue and EBIT versus last year. The market reacted positively to order strength and improved net debt/EBITDA.
About the company
Epiroc is a Swedish industrial company supplying mining and infrastructure equipment with a strong focus on automation, digitalization, and electrification. The business is supported by a large aftermarket (service/spares) and is mature, profitable, and margin-stable.
Sector:
Mining and infrastructure equipment (automation/electrification)
Type:
Industrial
Next report
28 Oct 2026
Q3
Catalysts
28 Oct 2026
Q3 2026 report
High
Q4 2027
New automation and electrification orders
Medium
Unknown
Ericsson Private LTE/5G – system integration
High
Horizon:
Bull case
High mining activity and a growing service/aftermarket base can keep earnings and cash flow resilient even in a more mixed macro backdrop.
Bear case
Minor margin misses and signs of slowing order momentum can keep the stock volatile given a premium valuation, especially if construction/infrastructure demand fails to recover.
Signal rationale (informational)
Hold: high-quality, profitable industrial with structural tailwinds.
- Near-term upside is capped by premium valuation and earnings sensitivity.
- Next key checkpoint is the Q1 report on 29 April 2026 to validate orders/margins.
Recent news
- Epiroc released Q2 2026 on 17 July: orders of SEK 17.3bn and revenue of SEK 16.7bn with strong organic growth, but adjusted EBIT/margin came in slightly below expectations; the share fell about 6–8% on the day and attention has shifted to margin pressure and sequentially softer order momentum after an exceptionally strong Q1.
Price & valuation
Last close
SEK 255
1 week
+0.6 %
3 months
-6.3 %
12 months
+30.7 %
From 52w high
-8.2 %
From 52w low
+35.1 %
Exchange
Stockholm
Type
Industrials
Sector
Mining and infrastructure equipment (automation/electrification)
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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.