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FM Mattsson (OM:FMM B) Can Margin Gains Keep Justifying Its Premium P/E

Simply Wall St · 2d ago

FM Mattsson stock came into this earnings print with a strong tailwind, up around 22% over the past month and 16% over three months, and trading on a rich P/E of 23.6x. The headline today is not the share price, however; it is the profitability reset. Net profit margin on the trailing twelve months sits at 8.4% compared with 5.7% a year earlier, while reported earnings over the past year are higher by 56.7%.

The question for you now is whether this margin story fully justifies a valuation that already looks busy against peers and a discounted cash flow estimate of SEK83.43.

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Q2 2026 Earnings Summary

  • Revenue (Q2 2026 vs. Q2 2025): SEK 554.7 million vs. SEK 503.5 million (higher year on year)
  • Net Income (Excl. Extra Items, Q2 2026 vs. Q2 2025): SEK 62.0 million vs. SEK 27.3 million (higher year on year)
  • Basic EPS (Earnings Per Share, Q2 2026 vs. Q2 2025): No Q2 2026 figure disclosed vs. SEK 0.65 in Q2 2025 (Q2 2026 not available for comparison)
  • Net Profit Margin (Trailing 12 Months vs. Prior Year): 8.4% vs. 5.7% (improved profitability over the period)

Tired of scrolling through paragraphs of earnings commentary and raw figures? See FM Mattsson’s full financial picture, including a clear view of its valuation and recent profitability trends, in our visual company report for FM Mattsson.

OM:FMM B Trailing 12-Month Revenue & Expenses Breakdown as at Aug 2026
OM:FMM B Trailing 12-Month Revenue & Expenses Breakdown as at Aug 2026

FM Mattsson earnings momentum and margin reset

For FM Mattsson, the latest figures lean in favour of a constructive view. Revenue of SEK 554.7 million for Q2 2026 compared with SEK 503.5 million a year earlier, which fits a story of steady demand in taps and fixtures. Net income excluding extra items rose to SEK 62.0 million from SEK 27.3 million. That aligns cleanly with the trailing 12 month net margin moving to 8.4% from 5.7%. Recent share price gains over 7, 30 and 90 days look directionally consistent with this profitability reset.

FM Mattsson risk checks on cyclicality concerns

The main risk narrative around FM Mattsson is exposure to construction and renovation cycles. On that front, the current data softens near term worries rather than amplifying them. Revenue is higher year on year and net income has improved. That points to solid cost control and pricing power despite cyclical sensitivities. The step up in trailing margins suggests the business is not under immediate earnings strain. There is still no Q2 2026 EPS disclosed, which leaves some opacity for per share trends, but the broad income statement direction appears supportive.

Compare FM Mattsson’s stronger margins and recent share price move with where the Street is actually anchoring its expectations. Reveal the gap between the earnings story and analyst conviction with the consensus price target analysis for FM Mattsson.

Stay Ahead With Simply Wall St

If FM Mattsson’s stronger margins and premium P/E have your attention today, register for free with Simply Wall St and add it to your Watchlist to track the share price against fair value and watch for a better entry point. Once you hold the stock, use the Portfolio Command Center to cut through market noise and keep on top of the most important updates to your positions. For a longer term view, tap into the crowd’s thinking through the Community and see how other investors are reacting to the same data. By spotting potential catalysts and risks early, you may increase your chances of staying ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.