AVTECH Sweden AB (publ)

AVT-B.ST

Aerospace & Defense · Industrials

Price

kr 3.54

-1.36 (-27.73%)

Market Cap

kr 200.2M

Exchange

Stockholm Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Strong

Growth

Exceptional

Cash Flow

Strong

Stability

Good

Valuation

Strong

Dividends

Weak

Track this stock — start free trial

Winston Score History

The full picture

AVTECH Sweden AB is a Swedish technology company that helps airlines fly more efficiently. Its main product is a system called Aventus, which gives pilots real-time weather and wind data so they can choose better flight paths. Airlines are the core customers, and the company operates in the aviation software industry.

AVTECH makes money by charging airlines subscription or license fees to use its software tools. The company is based in Stockholm, Sweden, and its products are used by airlines across Europe and beyond, though it remains a small-cap business. Its competitive edge comes from specialized expertise in aviation weather data and established relationships with airlines and air navigation service providers, which makes switching costs relatively high. The main growth driver is the global push to reduce aviation fuel consumption and carbon emissions, since AVTECH's tools directly help airlines burn less fuel — but the risk is that larger aerospace or weather data companies could develop competing products and crowd out a small player.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+2.7% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

kr 6M/ year

↑ Rising (+13% vs prior year)

12.2% of revenue

3.0x the sector average (4%)

Investing heavily in future products and technology

Insider Activity

11.6%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

kr 37M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

AVTECH Sweden AB (publ) is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 56.5M (2021) → 56.5M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

37.6%

Modest — 37.6% gross margin

Profit after running costs

Operating Margin

29.1%

Excellent — 29.1% operating margin

Return on the money invested

ROCE

26.0%

Exceptional — 26.0% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+31.6%

Fast-growing sales (+31.6% YoY)

Profit growth

EPS YoY

+28.6%

Earnings growing fast (+28.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

70%

Modest — 70% of profit becomes cash

Spare cash per sale

FCF Margin

24.4%

Converts sales into free cash efficiently (24.4%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

11.7x

Attractive valuation — P/E 11.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+1.6

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

1.98%

Small dividend — 1.98% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial