Latour LATO B
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Full analysis: 6 Apr 2026
Latest news check: 20 Jul 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Hold; consider adding gradually if buybacks continue at a meaningful pace and the share trades at a clear discount versus a conservative NAV scenario. Note the ex-dividend price adjustment and that buybacks may support the price short-term but do not remove portfolio/market risk.
Hold remains: the buyback program and improved analyst tone can provide support, but the case still hinges on listed portfolio performance and NAV stabilization. Risk/reward could become more attractive if a discount to a more market-based valuation of the industrial operations is recognized, but uncertainty around valuation assumptions argues for waiting for the next report/updated NAV picture.
Market sentiment
7/10
↑
Trend: Improving
Sentiment has improved slightly following the divestments (stronger balance sheet and clearer capital allocation) and insider buying, though valuation/NAV debate and dependence on the listed portfolio remain key topics.
Risk assessment
4/10
Dilution:
Low
Strong cash flows, no recent equity issuance
Jurisdiction:
Low
Mainly Sweden/EU, stable regulation
Execution:
Low
Long track record of successful acquisitions
Recent changes
- ▲ The sentiment score increased from 6 to 7, indicating a modest improvement in market perception without changing the recommendation.
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Show all changes (4) — follow the company freeAbout the company
Investment AB Latour is a Swedish investment company with two legs: wholly owned industrial businesses and a portfolio of listed holdings. The group is profitable with conservative leverage and a long track record of active ownership. Its focus is long-term value creation through industrial development and capital allocation.
Sector:
Investment company (industrial operations and listed portfolio)
Type:
Finance
Next report
19 Aug 2026
Q2
Catalysts
19 Aug 2026
Q2/H1 report 2026
High
Horizon:
Bull case
The Q1 report could confirm resilient order intake and stable margins
- NAV discount/premium may improve if the market re-rates quality
- Continued M&A pace in industrial operations can support news flow
Bear case
Weaker macro cycle could pressure industrial order intake
- Equity volatility can reduce the value of listed holdings
- Shares may lag if NAV valuation does not recover
Signal rationale (informational)
Hold remains: the buyback program and improved analyst tone can provide support, but the case still hinges on listed portfolio performance and NAV stabilization. Risk/reward could become more attractive if a discount to a more market-based valuation of the industrial operations is recognized, but uncertainty around valuation assumptions argues for waiting for the next report/updated NAV picture.
Recent news
- Latour acquired Swiss LaminAir via Swegon with roughly 100 MSEK in revenue. Portfolio companies Assa Abloy and Alimak released Q2 reports with mixed results. Fagerhult announced a cost-saving program. The share traded around 198 SEK in mid-July.
Price & valuation
Last close
SEK 193
1 week
-5.1 %
3 months
-0.5 %
12 months
-23.3 %
From 52w high
-23.3 %
From 52w low
+3.0 %
Exchange
Stockholm
Type
Finance
Sector
Investment company (industrial operations and listed portfolio)
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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.