EPISODE · Oct 8, 2025 · 8 MIN
Teqnion AB - $TEQ.ST
from Nordic small cap stocks · host Nordic small caps
Teqnion is a small serial acquirer from Sweden. They have experienced difficulties on a subsidiary level for quite some years. Management has even made som mistakes regarding capital deployment as well as some governance issues. Despite these concerns, I believe in a strong incremental return on capital of around 15%. The reinvestment rate sits at 100%, and corresponds to a shareholder CAGR of 15% if the multiple stays flat. This may be an opportunity to get in on a long term compounder in its absolute infancy, if you can stomach the risks.Not financial advice.
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Teqnion AB - $TEQ.ST
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