AXFO Stock Analysis: Axfood | ST
Grocery Stores | ST, Sweden | Market Cap: 58.018m SEK | 12M Return: -5.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 79.3M
EPS Trend: -57.1%
Qual. Beats: 0
Rev. Trend: 99.1%
Qual. Beats: -6
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Axfood AB is a Swedish food retail and wholesale company headquartered in Stockholm, operating through five segments: Willys, Hemköp, City Gross, Snabbgross, and Dagab. The company sells groceries through multiple store chains, including Willys, HANDLARN, Hemköp, Eurocash, City Gross, and Tempo, and also runs e-commerce operations alongside private label products.
In addition to grocery retail, Axfood operates Urban Deli, a restaurant-store-market hall concept, as well as Apohem, an online pharmacy. It serves restaurants, fast food operators, cafés, and independent retailer-owned stores through its Snabbgross wholesale arm and Matöppet network. The company was incorporated in 1997 and is a subsidiary of Axretail AB.
As a food retailer in the consumer staples sector, Axfood benefits from demand patterns that are typically non-cyclical, with grocery sales remaining relatively stable across economic cycles. The Swedish grocery market is dominated by a small number of large chains, and Axfoods multi-banner strategy allows it to target different price points and customer segments, from discount (Willys) to premium convenience (Hemköp, Urban Deli).
- Willys discount chain gains market share in Sweden
- Private label expansion supports gross margin resilience
- Swedish food inflation moderates pressuring like-for-like sales
| Net Income: 2.41b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 3.05 > 1.0 |
| NWC/Revenue: -7.37% < 20% (prev -7.67%; Δ 0.29% < -1%) |
| CFO/TA 0.18 > 3% & CFO 6.61b > Net Income 2.41b |
| Net Debt (28.7b) to EBITDA (7.83b): 3.67 < 3 |
| Current Ratio: 0.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (216.8m) vs 12m ago 0.0% < -2% |
| Gross Margin: 14.77% > 18% (prev 14.58%; Δ 0.19% > 0.5%) |
| Asset Turnover: 246.8% > 50% (prev 239.1%; Δ 7.67% > 0%) |
| Interest Coverage Ratio: 6.41 > 6 (EBIT TTM 3.73b / Interest Expense TTM 582.0m) |
| A: -0.18 (Total Current Assets 9.75b - Total Current Liabilities 16.4b) / Total Assets 37.2b |
| B: 0.14 (Retained Earnings 5.29b / Total Assets 37.2b) |
| C: 0.10 (EBIT TTM 3.73b / Avg Total Assets 36.4b) |
| D: 0.20 (Book Value of Equity 6.12b / Total Liabilities 30.8b) |
| Altman-Z'' = 0.20 = B |
| DSRI: 1.62 (Receivables 2.56b/1.50b, Revenue 89.7b/84.8b) |
| GMI: 0.99 (GM 14.58% / 14.77%) |
| AQI: 0.94 (AQ_t 0.20 / AQ_t-1 0.22) |
| SGI: 1.06 (Revenue 89.7b / 84.8b) |
| TATA: -0.11 (NI 2.41b - CFO 6.61b) / TA 37.2b) |
| Beneish M = -2.53 (Cap -4..+1) = A |
As of July 14, 2026, the stock is trading at SEK 265.40 with a total of 206,723 shares traded. Over the past week, the price has changed by +2.23%, over one month by +0.34%, over three months by -16.46% and over the past year by -5.36%.
Current recommended Stop Loss: 259.70 (which is 2.1% or 1.2 ATR below the current price).
Axfood has no consensus analysts rating.
P/E Trailing = 24.1854
P/E Forward = 16.2338
P/S = 0.6468
P/B = 9.2563
P/EG = 4.8872
Revenue TTM = 89.7b SEK
EBIT TTM = 3.73b SEK
EBITDA TTM = 7.83b SEK
Long Term Debt = 1.70b SEK (from longTermDebt, last quarter)
Short Term Debt = 3.65b SEK (from shortTermDebt, last quarter)
Debt = 29.1b SEK (from shortLongTermDebtTotal, last quarter) + Leases 13.0b
Net Debt = 28.7b SEK (calculated: Debt 29.1b - CCE 384.0m)
Enterprise Value = 86.7b SEK (58.0b + Debt 29.1b - CCE 384.0m)
Interest Coverage Ratio = 6.41 (Ebit TTM 3.73b / Interest Expense TTM 582.0m)
EV/FCF = 17.81x (Enterprise Value 86.7b / FCF TTM 4.87b)
FCF Yield = 5.61% (FCF TTM 4.87b / Enterprise Value 86.7b)
FCF Margin = 5.43% (FCF TTM 4.87b / Revenue TTM 89.7b)
Net Margin = 2.69% (Net Income TTM 2.41b / Revenue TTM 89.7b)
Gross Margin = 14.77% ((Revenue TTM 89.7b - Cost of Revenue TTM 76.5b) / Revenue TTM)
Gross Margin QoQ = 14.88% (prev 14.42%)
Tobins Q-Ratio = 2.33 (Enterprise Value 86.7b / Total Assets 37.2b)
Interest Expense / Debt = 2.00% (Interest Expense 582.0m / Debt 29.1b)
Taxrate = 21.65% (676.0m / 3.12b)
NOPAT = 2.92b (EBIT 3.73b * (1 - 21.65%))
Current Ratio = 0.60 (Total Current Assets 9.75b / Total Current Liabilities 16.4b)
Debt / Equity = 4.76 (Debt 29.1b / totalStockholderEquity, last quarter 6.12b)
Debt / EBITDA = 3.67 (Net Debt 28.7b / EBITDA 7.83b)
Debt / FCF = 5.90 (Net Debt 28.7b / FCF TTM 4.87b)
Total Stockholder Equity = 6.70b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.63% (Net Income 2.41b / Total Assets 37.2b)
RoE = 35.98% (Net Income TTM 2.41b / Total Stockholder Equity 6.70b)
RoCE = 44.41% (EBIT 3.73b / Capital Employed (Equity 6.70b + L.T.Debt 1.70b))
RoIC = 12.12% (NOPAT 2.92b / Invested Capital 24.1b)
WACC = 3.86% (E(58.0b)/V(87.1b) * Re(5.01%) + D(29.1b)/V(87.1b) * Rd(2.00%) * (1-Tc(0.22)))
Discount Rate = 5.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 57.95 | Cagr: 0.05%
[DCF] Terminal Value 77.97% ; FCFF base≈4.35b ; Y1≈4.98b ; Y5≈7.33b
[DCF] Fair Price = 378.0 (EV 110b - Net Debt 28.7b = Equity 81.6b / Shares 215.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -57.06 | EPS CAGR: -3.16% | SUE: -0.73 | # QB: 0
Revenue Correlation: 99.15 | Revenue CAGR: 4.88% | SUE: -1.95 | # QB: -6
EPS current Quarter (2026-06-30): EPS=3.21 | Chg30d=-3.33% | Revisions=-40% | Analysts=4
EPS next Quarter (2026-09-30): EPS=3.79 | Chg30d=-2.98% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=12.46 | Chg30d=-1.75% | Revisions=-50% | GrowthEPS=+9.5% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=13.87 | Chg30d=-2.00% | Revisions=-50% | GrowthEPS=+11.4% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: -77% (up=0, down=10)