SinterCast (SINT.ST) — 2026-W168

Analysis date: 2026-05-31 | Country: SE | Currency: SEK

Recommendation Summary

Field	Value
Rating	Buy
Intrinsic Value	135.0 SEK
24m Target	122.0 SEK
Price at Analysis	108.5 SEK
Buffett Score	15/20
ROIC	31.1%
Economic Profit	+16.4M SEK
Implied Upside (IV)	24.4%

Research history · this company (3 notes)

2026-W168 · 2026-05-31 · SINT.STviewingBuy · ROIC 31% · tgt 122 SEKΔ tgt +11% · IV +23% · HOLD→Buy · MEDIUM→high convSinterCast: Starkt värdeskapande ROIC 31.13% >> WACC 8%

2026-06-15 · 2026-06-15 · SINT.STHOLD · tgt 110 SEK 2026-06-09 · 2026-06-09 · SINT.STHOLD · tgt 110 SEKfirst note

0. Company Identification

Ticker: SINT.ST | Name: SinterCast | Country: SE | Sector: Industrial/Commercial

1. What the Company Sells

SinterCast operates in the Nordic market. ROIC 31.1% vs WACC 8% → EP +16.4M SEK.

2. Who Pays and Why They Stay

Customers pay for products/services based on value proposition and brand strength.

3. Revenue Model

Revenue generated through product/service sales. Scalability and recurring revenue characteristics vary by segment.

4. Margin and Cash Mechanics

ROIC 31.1% vs WACC 8.0% → Economic Profit +16.4M SEK.

5. Supply-side Dependencies

Raw materials, suppliers, distribution channels, and human capital.

6. Competitive Position

Moat strength: 5/5. Brand strength, technology, and customer relationships drive competitive advantage.

7. Growth Engine

Market penetration, geographic expansion, and product development.

8. Business Model Risks

Top risks: Cyclical demand, competitive pressure, raw material costs, macro exposure.

9. History, Management & ESG

Established Nordic industrial company with stable management.

10. Synthesis and Recommendation

Buy — SinterCast: Strong value creation, ROIC 31.1% >> WACC 8%, attractive at current price.

mttssn research · SinterCast (SINT.ST) · 2026-W168 · 2026-05-31