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A small Swedish serial enquirer, punching above its weight!
Teqnion Rundown $TEQ 📊
Efficiency
- Gross Margin: 43.1%
- Operating Margin: 10%
- ROC: 17.8%
- FCF/Net Income: 91.16%
Growth 5Y
- Rev: 46.35%
- Net Income: 52.25%
- FCF: 34.24%
Valuation
- FCF Yield: 3.64%
- EV/EBIT: 22.48
- P/S: 2.08
Let's dive in 👇
The Company
Teqnion, a Swedish serial acquirer founded in 2006, is the epitome of trust & support in business! With 24 businesses (22 in Sweden, 1 in the UK, & 1 in Ireland) under their umbrella, their approach is to let companies flourish independently. To date, they recently acquired two more businesses.
Strategies
- Are to acquire healthy companies with good future prospects.
- To support and further develop acquired companies.
Competitive Advantages
- Diversified portfolio providing stability in stormy markets.
- Solid B2B & B2G strategy for reliable partnerships.
- High barriers to entry due to government compliance rules.
Their competitive advantages appear intact by their high gross margin and ROC.
Price Action
$TEQ has returned 625% in the last 3 years compounding at 93% on average every year. Compared to its serial acquirer peers (ADDT B, INDT and LIFCO), TEQ has performed better.
$TEQ is a fascinating company, go see my full analysis in my newsletter about: (link below)
- Management
- Performance
- Comp advantages
- Growth Opportunities
- Financial Health
- Valuation
My blog - "Against the Grain", https://againsthegrain.substack.com/
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