(CLAS-B) Clas Ohlson (publ) - ST
Sector: Consumer Cyclical | Industry: Specialty Retail | Exchange: ST (Sweden) | Market Cap: 26.061m SEK | Total Return: 34.1% in 12m
Avg Turnover: 45.7M
EPS Trend: 94.7%
Qual. Beats: 0
Rev. Trend: 98.4%
Qual. Beats: 1
Warnings
Beneish M-Score -1.15 > -1.5 - likely earnings manipulation
Tailwinds
Confidence, Avwap Ph Week
Clas Ohlson AB (publ) is a Sweden-based omnichannel retailer selling building, electrical, multimedia, home, and leisure products across Sweden, Norway, Finland, and select international markets. The company supplements its product range with mobile phones, electronics spare parts and accessories, and batteries, while also offering trade-related services in carpentry, electrical work, plumbing, gardening, and cleaning. Distribution is carried out through a combination of physical stores, an online shopping channel, and purchase offices. Founded in 1918 and headquartered in Insjön, Sweden, Clas Ohlson operates in the Consumer Discretionary sector within the Internet & Direct Marketing Retail sub-industry, competing in the Nordic DIY and home improvement retail space alongside other regional and pan-European players.
- Nordic consumer spending weakness pressures same-store sales growth
- Online channel expansion offsets declining physical store footfall
- Competition from Jula and Biltema weighs on gross margins
| Net Income: 1.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.25 > 0.02 and ΔFCF/TA -0.94 > 1.0 |
| NWC/Revenue: 12.22% < 20% (prev 8.18%; Δ 4.04% < -1%) |
| CFO/TA 0.27 > 3% & CFO 2.12b > Net Income 1.17b |
| Net Debt (63.4m) to EBITDA (2.25b): 0.03 < 3 |
| Current Ratio: 1.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.0m) vs 12m ago 0.13% < -2% |
| Gross Margin: 12.22% > 18% (prev 39.06%; Δ -26.84% > 0.5%) |
| Asset Turnover: 174.1% > 50% (prev 179.2%; Δ -5.08% > 0%) |
| Interest Coverage Ratio: 19.23 > 6 (EBIT TTM 1.53b / Interest Expense TTM 79.4m) |
| A: 0.19 (Total Current Assets 4.53b - Total Current Liabilities 3.00b) / Total Assets 7.89b |
| B: 0.39 (Retained Earnings 3.09b / Total Assets 7.89b) |
| C: 0.21 (EBIT TTM 1.53b / Avg Total Assets 7.19b) |
| D: 0.67 (Book Value of Equity 3.15b / Total Liabilities 4.73b) |
| Altman-Z'' = 4.68 = AA |
| DSRI: 0.52 (Receivables 99.7m/177.6m, Revenue 12.5b/11.6b) |
| GMI: 3.20 (GM 39.06% / 12.22%) |
| AQI: 1.40 (AQ_t 0.13 / AQ_t-1 0.09) |
| SGI: 1.08 (Revenue 12.5b / 11.6b) |
| TATA: -0.12 (NI 1.17b - CFO 2.12b) / TA 7.89b) |
| Beneish M = -1.15 (Cap -4..+1) = D |
As of June 25, 2026, the stock is trading at SEK 411.20 with a total of 49,067 shares traded. Over the past week, the price has changed by +3.42%, over one month by -9.03%, over three months by +14.10% and over the past year by +34.10%.
Current recommended Stop Loss: 386.10 (which is 6.1% or 1.7 ATR below the current price).
Clas Ohlson (publ) has no consensus analysts rating.
P/E Trailing = 22.4412
P/E Forward = 18.622
P/S = 2.0826
P/B = 7.9362
P/EG = 3.1371
Revenue TTM = 12.5b SEK
EBIT TTM = 1.53b SEK
EBITDA TTM = 2.25b SEK
Long Term Debt = 1.34b SEK (from longTermDebtTotal, two quarters ago)
Short Term Debt = 554.4m SEK (from shortTermDebt, last quarter)
Debt = 1.90b SEK (from shortLongTermDebtTotal, last quarter) (leases 1.90b already included)
Net Debt = 63.4m SEK (calculated: Debt 1.90b - CCE 1.84b)
Enterprise Value = 26.1b SEK (26.1b + Debt 1.90b - CCE 1.84b)
Interest Coverage Ratio = 19.23 (Ebit TTM 1.53b / Interest Expense TTM 79.4m)
EV/FCF = 13.29x (Enterprise Value 26.1b / FCF TTM 1.97b)
FCF Yield = 7.52% (FCF TTM 1.97b / Enterprise Value 26.1b)
FCF Margin = 15.70% (FCF TTM 1.97b / Revenue TTM 12.5b)
Net Margin = 9.34% (Net Income TTM 1.17b / Revenue TTM 12.5b)
Gross Margin = 12.22% ((Revenue TTM 12.5b - Cost of Revenue TTM 11.0b) / Revenue TTM)
Gross Margin QoQ = -72.09% (prev 16.17%)
Tobins Q-Ratio = 3.31 (Enterprise Value 26.1b / Total Assets 7.89b)
Interest Expense / Debt = 4.18% (Interest Expense 79.4m / Debt 1.90b)
Taxrate = 20.95% (309.7m / 1.48b)
NOPAT = 1.21b (EBIT 1.53b * (1 - 20.95%))
Current Ratio = 1.51 (Total Current Assets 4.53b / Total Current Liabilities 3.00b)
Debt / Equity = 0.60 (Debt 1.90b / totalStockholderEquity, last quarter 3.15b)
Debt / EBITDA = 0.03 (Net Debt 63.4m / EBITDA 2.25b)
Debt / FCF = 0.03 (Net Debt 63.4m / FCF TTM 1.97b)
Total Stockholder Equity = 2.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.26% (Net Income 1.17b / Total Assets 7.89b)
RoE = 41.51% (Net Income TTM 1.17b / Total Stockholder Equity 2.82b)
RoCE = 36.75% (EBIT 1.53b / Capital Employed (Equity 2.82b + L.T.Debt 1.34b))
RoIC = 25.05% (NOPAT 1.21b / Invested Capital 4.82b)
WACC = 6.90% (E(26.1b)/V(28.0b) * Re(7.16%) + D(1.90b)/V(28.0b) * Rd(4.18%) * (1-Tc(0.21)))
Discount Rate = 7.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 0.35%
[DCF] Terminal Value 77.97% ; FCFF base≈1.85b ; Y1≈2.12b ; Y5≈3.12b
[DCF] Fair Price = 811.6 (EV 47.0b - Net Debt 63.4m = Equity 46.9b / Shares 57.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 94.71 | EPS CAGR: 47.15% | SUE: -0.13 | # QB: 0
Revenue Correlation: 98.42 | Revenue CAGR: 12.21% | SUE: 1.01 | # QB: 1
EPS current Quarter (2026-07-31): EPS=4.08 | Chg30d=+4.56% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-10-31): EPS=5.74 | Chg30d=+4.21% | Revisions=+33% | Analysts=2
EPS current Year (2027-04-30): EPS=21.41 | Chg30d=+4.13% | Revisions=+33% | GrowthEPS=+17.1% | GrowthRev=+10.3%
EPS next Year (2028-04-30): EPS=22.46 | Chg30d=+3.27% | Revisions=+33% | GrowthEPS=+4.9% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: +33%