OEM International AB (publ)

OEM-B.ST

Industrial - Distribution · Industrials

Price

kr 168.80

+0.00 (+0.00%)

Market Cap

kr 23.42B

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 Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Strong

Stability

Exceptional

Valuation

Good

Dividends

Weak

Track this stock — start free trial

Winston Score History

The full picture

OEM International is a Swedish industrial distributor that sells technical components to manufacturers and engineers across Europe. The company sources products like pneumatics, hydraulics, electronics, and drive systems from hundreds of suppliers and resells them to industrial customers who need these parts to build machines and equipment. It acts as a middleman between component makers and the factories that use those parts.

OEM makes money by buying components in bulk and selling them at a markup, earning a roughly 20% gross margin on each sale. The company operates mainly in the Nordic countries and broader Europe, and its competitive edge comes from offering a very wide product range and strong supplier relationships that smaller distributors cannot easily replicate. With a market cap around 22 billion Swedish kronor, it is a mid-sized but well-run business. The key risk is that industrial demand is cyclical, meaning a slowdown in European manufacturing activity could quickly reduce order volumes and pressure margins.

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

+16.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+31.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

kr 0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

19.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

kr 282M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Growth + cash flow

OEM International AB (publ) is a rare growth stock that's already generating positive cash flow while growing at 17%. 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

+0.3% over 4y

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

Diluted shares outstanding: 138.6M (2021) → 139.0M (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

14.4%

Thin — 14.4% gross margin

Profit after running costs

Operating Margin

14.4%

Healthy — 14.4% operating margin

Return on the money invested

ROCE

26.6%

Exceptional — 26.6% 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

+6.6%

Slow sales growth (+6.6% YoY)

Profit growth

EPS YoY

+12.1%

Earnings growing (+12.1% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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

110%

Turns 110% of profit into real cash

Spare cash per sale

FCF Margin

7.6%

Modest free cash flow (7.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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

0.05

Conservative — low debt load (0.05)

Covers its interest

Interest Cover

104.88x

Comfortably covers interest (104.9x)

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)

35.1x

Pricey — P/E 35.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+7.7

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (35.1 → 27.4)

Full breakdown available with your free trial

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

Try free

Dividends

Dividend

Dividend Yield

1.04%

Small dividend — 1.04% yield

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

Dividend record

Dividend Growth

-66.7%

Dividend cut (-66.7% YoY) — warning sign

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