IAR Systems Group AB (publ) (IAR-B.ST)

IAR Systems Group AB (publ) (IAR-B.ST) — VMCI valuation read

IAR Systems Group AB (publ) sits at VMCI 55/100, with the Technology sector median at 50. That 5-point spread is the first thing to note on IAR-B.ST: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on IAR-B.ST are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on IAR-B.ST: IAR-B.ST trades at 18.0x earnings, 0% above the Technology median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Technology median (10.0%). The Risk read: net debt to EBITDA of 1.8x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

IAR-B.ST rose 4.0% over the trailing 7 days, with a -20.0% read on a 30-day basis.