MilDef Group AB Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, MilDef Group AB stock has a consensus rating of "Strong Buy" and an average price target of kr 223.00. The average 1-year stock price forecast is 16.54% higher than the current stock price, while the lowest is kr 210.00 (+9.75%) and the highest is kr 242.00 (+26.47%).

Price Target: kr 223.00 (+16.54%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	kr 210.00	kr 223.00	kr 220.00	kr 242.00
Change	+9.75%	+16.54%	+14.97%	+26.47%

* Price targets were last updated on Apr 24, 2026.

Analyst Ratings

The average analyst rating for MilDef Group AB stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	Jun '26
Strong Buy	2	3	3	3	3	2
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	4	4	4	4	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Buy Maintains kr 190.00 → kr 210.00	Buy	Maintains	kr 190.00 → kr 210.00	+9.75%	Apr 24, 2026

Financial Forecast

Revenue This Year

3.00B

from 2.05B

46.69%

from 2.05B

Revenue Next Year

3.47B

from 3.00B

15.73%

from 3.00B

EPS This Year

6.56

from 3.04

115.81%

from 3.04

EPS Next Year

8.59

from 6.56

30.92%

from 6.56

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	469.60M	738.80M	1.15B	1.20B	2.05B	3.00B
Revenue Growth	17.84%	57.33%	55.83%	4.31%	70.31%	46.69%
Gross Profit	210.10M	352.30M	556.30M	589.10M	920.10M	1.32B
Gross Margin	44.74%	47.69%	48.32%	49.05%	44.99%	43.90%
Operating Income	-3.40M	29.80M	105.90M	120.50M	212.10M	438.46M
Net Income	-700.00K	14.20M	69.00M	-220.30M	147.70M	301.48M
EPS	-	-	-	-	3.04	6.56
EPS Growth	-	-	-	-	24.06%	115.81%
Forward PE	-	-	26.56	36.61	20.14	29.17
Dividend / Share	0.75	-	0.50	0.50	0.75	1.33
Dividend Growth	-	-	-	-	50.00%	77.78%
Free Cash Flow	-73.33M	-130.95M	-17.74M	272.50M	-170.95M	219.67M
No. Analysts	-	-	-	-	-	4

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is SEK.

Revenue Forecast

Revenue	2026	2027	2028
High	3.0B
Avg	3.0B
Low	3.0B

Revenue Growth

Revenue Growth	2026	2027	2028
High	47.8%
Avg	46.7%
Low	45.9%

EPS Forecast

EPS	2026	2027	2028
High	7.52
Avg	6.56
Low	5.80

EPS Growth

EPS Growth	2026	2027	2028
High	147.4%
Avg	115.8%
Low	90.8%