HMS Networks stock
HMS.STSTOHMS Networks AB (publ), TechnologyISIN SE0009997018
67Score 67 out of 100, Neutral
Price and trend
60 / 100
Price history
−8.7% in one yearThe chart shows daily closes over 19 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 2.6% below it.
Since May 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 49).
The price is 19% below its 52-week high. Largest decline in 19 years: 54% (November 2021 to October 2022).
Chart figures for advanced users
- SMA 50$52.74
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$49.32
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)49
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$38.81
- The lowest closing price of the last twelve months.
- Resistance$59.36
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- HMS Networks AB (publ) belongs to the Communication Equipment industry (Sweden) and, with a market value of $2.41B, is number 36 of 55 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $360.16M (up 16.9% year on year) and earnings of $43.8M (up 40.5%).
- For fiscal 2026, analysts expect on average revenue of $410.01M (up 13.8%) and adjusted earnings per share of $1.48 (up 55.8%).
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- MEQIRI Score 67 out of 100 (Neutral): rank 297 of 857 in Technology, median 61.
- The P/E is 43.4 (Communication Equipment median 32.5, own median of recent years 40.6).
- Our model puts fair value at $39.15, with the price 24% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Growing faster than its industryRevenue up 19.5% a year since 2020, Communication Equipment median 8.2%.Growth 91
- Earnings turn into cashFree cash flow 181% of earnings over the last 12 months.Fundamentals 90
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 90
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are growth and fundamentals, while momentum and valuation hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 66 to 67.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
What lowers it
- solid fundamentals
Valuation
Valuation signal
Modestly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $30.12 and expensive above $55.93 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $42.30 (cash-flow model) and $36.00 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 7.4%. At 8.4% the fair value would be $35.70, at 6.4% it would be $44.24.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (32.5).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 14.6% on the twelve months before. Revenue has grown strongly since 2006, at around 16% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 63%, operating 25%, net 12%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- 28 Jan 2027in 77 days
- Last reported
- 21 Oct 2026EPS reported $0.34 (expected $0.38)below expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.48−2.9%
- Revenue
- $410.01M0.0%
- Earnings per share
- $1.83−2.1%
- Revenue
- $465.96M0.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −0.4%A slightly lower gross margin is expected in the second half (north of 62%, not necessarily north of 63%), with headwind from rising semiconductor prices.
“I would expect us to be still north of 62, but not necessarily north of 63.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 14 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at HMS Networks
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 67
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Communication Equipment
The next larger and next smaller companies by market value
- Huber+SuhnerHUBN.SW $3.83B61
- Extreme NetworksEXTR $3.5B60
- Ondas HoldingsONDS $3.34B40
- Digi InternationalDGII $2.54B63
- TKH GroupTWEKA.AS $2.18B68
- CalixCALX $2.01B48
- BittiumBITTI.HE $1.36B63
- Arlo TechnologiesARLO $1.32B50
ETFs that hold HMS Networks
Held by 11 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Digital Security UCITS ETFIS4S | 0.30% | 0.40% | €1.9B |
| Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF DistX026 | 0.17% | 0.23% | €319.31M |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1CXXSC | 0.12% | 0.30% | €3.43B |
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| State Street SPDR MSCI World Small Cap UCITS ETF (Acc)ZPRS | 0.02% | 0.45% | €1.53B |
| State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR AccZPRX | 0.01% | 0.30% | €810.11M |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.01% | 0.35% | €434.1M |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingV3AA | 0.00% | 0.24% | €1.69B |
| Vanguard FTSE Global All-Cap UCITS ETF Accum USDVGLA | 0.00% | 0.07% | €3.9B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = SEK 9.9317)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 22 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.