Absolent Group (Sweden) Today
| ABSO Stock | SEK 232.00 2.00 0.85% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Absolent Group is selling for under 232.00 as of the 26th of November 2024; that is 0.85 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 231.0. Absolent Group has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Absolent Group AB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
Absolent Group AB develops, manufactures, and sells filtration technology worldwide. Absolent Group AB is a subsidiary of Melker Schrling AB. Absolent Group operates under Industrial Equipment And Light Machinery classification in Sweden and is traded on Stockholm Stock Exchange. The company has 11.32 M outstanding shares. More on Absolent Group AB
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Absolent Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Absolent Group's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Absolent Group or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Axel Berntsson |
| Business Concentration | Diversified Industrials, Industrials (View all Sectors) |
Absolent Group AB (ABSO) is traded on Stockholm Exchange in Sweden and employs 456 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.49 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Absolent Group's market, we take the total number of its shares issued and multiply it by Absolent Group's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Absolent Group AB operates under Industrials sector and is part of Diversified Industrials industry. The entity has 11.32 M outstanding shares.
Absolent Group AB has accumulated about 233.23 M in cash with 114.51 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.32.
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Ownership AllocationThe market capitalization of Absolent Group AB is kr5.49 Billion. Absolent Group AB shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 72.42 percent of Absolent Group AB outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
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Absolent Group AB Risk Profiles
Although Absolent Group's alpha and beta are two of the key measurements used to evaluate Absolent Group's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.29 | |||
| Standard Deviation | 1.73 | |||
| Variance | 2.99 | |||
| Risk Adjusted Performance | (0.22) |
Absolent Stock Against Markets
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Absolent Group Corporate Management
Elected by the shareholders, the Absolent Group's board of directors comprises two types of representatives: Absolent Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Absolent. The board's role is to monitor Absolent Group's management team and ensure that shareholders' interests are well served. Absolent Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Absolent Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joakim MSc | CoFounder Director | Profile | |
| Karin Lundqvist | Chief Officer | Profile | |
| Johan MBA | Chief Officer | Profile | |
| Robert Wiktoren | Chief Officer | Profile | |
| Jan Berndtsson | Chief Officer | Profile |
Additional Tools for Absolent Stock Analysis
When running Absolent Group's price analysis, check to measure Absolent Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Absolent Group is operating at the current time. Most of Absolent Group's value examination focuses on studying past and present price action to predict the probability of Absolent Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolent Group's price. Additionally, you may evaluate how the addition of Absolent Group to your portfolios can decrease your overall portfolio volatility.