Lifco AB (publ)
LIFCO-B.ST · STO
Company research
Lifco AB (publ) is a Sweden-based diversified industrial conglomerate headquartered in Enköping, Sweden, and listed on the Stockholm Stock Exchange since 2014, operating as a subsidiary of Carl Bennet AB. Founded in 1946, the company operates through three core business segments — Dental, Demolition & Tools, and Systems Solutions — serving niche markets across Sweden, Germany, the United Kingdom, Norway, Italy, North America, Asia, Australia, and other international markets. With over 257 subsidiaries and approximately 7,400 full-time employees, Lifco's business model is centered on acquiring and developing market-leading, profitable niche businesses with strong cash flows and sustainable earnings growth potential. Under the leadership of CEO Per Waldemarson, Lifco has grown into a large-cap company with a market capitalization of approximately SEK 139 billion and trailing twelve-month revenues of SEK 28.25 billion.
Research reports
Deep, multi-section equity research-style report covering Lifco’s serial acquirer model, radical decentralization, segment economics, long-term ROCE/FCF-driven compounding, detailed M&A and valuation analysis (including peer comps and scenario work), and a balanced thesis that is positive on long-run compounding but explicit about premium valuation and key risks.
TacticalVC · May 23, 2026Lifco sustained 23% EBITA margins across three segmentsCase-study style research note that analyzes Lifco’s history as a serial acquirer, its acquisition filter, non-integration approach, and the structural drivers behind sustaining 22–23% EBITA margins and very strong market-cap growth, framing Lifco as a high-quality compounder with disciplined ROIC-focused capital allocation and highlighting margin resilience as the core investment thesis.
Flash · April 24, 2026Lifco AB (publ) (LIFCO-B.ST) Stock Research ReportFull-length research report with an executive summary, business and segment breakdowns, recent financial performance (including Q1 2026), valuation metrics, 5‑year scenario analysis with explicit price targets, and a qualitative scorecard, presenting Lifco as a “premier industrial compounder” with strong margins and ROCE while flagging FX, cyclicality, and premium multiples as the main risks.
Bourse123 · February 18, 2026LIFCO AB - L’Acquéreur Silencieux de StockholmLong-form French-language equity analysis that profiles Lifco as a Swedish “serial acquirer” with high margins, strong ROIC and disciplined acquisition runway, compares it to peers like Constellation Software and Roper, and concludes with a neutral/watch-list stance due to elevated valuation and governance concentration despite recognizing the business as high quality.