Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Studsvik AB
Physical assets are 31.1% of total assets, a mixed footprint. Capex is 0.78x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.91x, which is below 1.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 3.02x.
Physical asset ratio
31.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.02x
Revenue per dollar of the physical asset base.
Capex / D&A
0.78x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
SEK 18.77
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
11.53x
Price SEK 216.50.
Fixed-charge coverage
0.91x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
5.1%
Latest free cash flow divided by current market cap (SEK 1.81B).
ROIC
7.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.16x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 13.9% | 5.84x | 1.66x | SEK 15.33 | 0.06x | SEK 48.31M | 5.6% | 0.27x |
| 2019 | 17.9% | 4.57x | 1.12x | SEK 12.84 | -0.18x | -SEK 46.19M | — | 0.01x |
| 2020 | 18.0% | 5.37x | 0.80x | SEK 15.69 | 0.84x | SEK 60.48M | 11.4% | 0.34x |
| 2021 | 23.0% | 4.01x | 1.99x | SEK 24.03 | 1.89x | SEK 55.16M | 20.4% | 0.43x |
| 2022 | 21.5% | 3.86x | 0.83x | SEK 27.89 | 1.68x | -SEK 24.49M | 13.0% | 0.35x |
| 2023 | 25.2% | 3.48x | 1.45x | SEK 22.94 | 0.49x | SEK 40.70M | 13.5% | 0.31x |
| 2024 | 27.6% | 3.12x | 2.06x | SEK 18.74 | 0.01x | -SEK 45.71M | 3.0% | 0.09x |
| 2025 | 31.1% | 3.02x | 0.78x | SEK 18.77 | 0.91x | SEK 92.50M | 7.3% | 0.16x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: SEK 292.34M
Inventory: SEK 20.20M
Total assets: SEK 1.01B
Goodwill: SEK 206.28M
Intangibles: SEK 26.43M
Liabilities: SEK 618.90M
Tangible book: SEK 154.29M
Shares: 8,218,611
Revenue: SEK 883.30M
Capex: SEK 27.40M
D&A: SEK 35.15M
EBITDA: SEK 81.51M
Interest: SEK 19.70M
Short-term debt: SEK 39.50M
Free cash flow: SEK 92.50M
Operating income: SEK 46.37M
Invested capital: SEK 452.10M
Tax rate: 28.6%