The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

HMS.ST

Concerning the House

HMS Networks AB (publ) provides industrial information and communication technology solutions worldwide. The company offers industrial data products, including HMI and panel meters, industrial controllers, network diagnostics, network security, and remote gateway products; industrial network connectivity products comprising embedded network interfaces, functional safety, gateways and protocol converters, industrial PC interfaces, industrial wireless, and switches and infrastructure products; building automation gateway products that include AC cloud control, AC, AW heat pump, and protocol converter gateways; vehicle and medical communication products, such as computing gateways, infrastructure components, and PC interfaces; and related software, tools, and accessories. Its products are used for battery energy storage, EV charging, factory to building, HVAC control, lighting control, mobile robots, PLCs, robot controllers, and smart metering applications. The company also provides building control and connectivity; CAN connectivity, access, and diagnostics; functional safety; industrial network connectivity, diagnostics, infrastructure, and security; industrial remote access; machine visualization/control; and vehicle network connectivity solutions. It sells its products under the Anybus, Ixxat, Ewon, Intesis, Red Lion, and N-Tron brands. The company serves automotive, building and factory automation, food and beverage, medical, packaging, power generation, process automation, transport and infrastructure, warehouse and distribution, and water/wastewater industries. HMS Networks AB (publ) was founded in 1988 and is headquartered in Halmstad, Sweden.

Sweden · www.hms-networks.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$890.00M$843.00M$951.00M$971.00M
Gross profit$561.00M$521.00M$598.00M$606.00M
Operating income$188.00M$138.00M$235.00M$237.00M
Net income$115.00M$84.00M$72.00M$162.00M
Diluted EPS2.291.671.433.23
Free cash flow$155.00M$168.00M$186.00M$156.00M
CapEx-$32.00M-$33.00M-$45.00M-$94.00M
Quotation

$490.00

· +0.00 (+0.0%)

52w hi$589.50
52w lo$381.84
Vol15.30K
As ofAug 13
The Verdict

Hold

Our score +0.19

Short-0.11
Medium+0.38
Long+0.42

computed 2026-08-13

By the Numbers

HMS Networks AB (publ)

Technology · Communication Equipment

Market cap$24.60B
Enterprise value$26.74B
Trailing P/E44.42x
Forward P/E41.56x
EV / EBITDA26.28x
P / S (ttm)6.46x
Profit margin14.5%
Return on equity15.8%
Revenue growth+17.6%
Earnings growth+84.9%
Debt / equity59.19
Risk Metrics
Beta vs SPX0.43
Corr SPX0.19
Annual vol38.2%
Annual ret+18.3%
Sharpe0.48
Max DD-34.1%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.23
Sector+0.15
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$491.00$496.00$489.00$490.0015.30K
Aug 12$489.40$498.60$485.20$490.0049.25K
Aug 11$486.80$488.40$475.60$483.8037.23K
Aug 10$489.80$496.40$483.00$486.0026.99K
Aug 7$490.20$498.20$488.00$492.0017.49K