(MEKO) Mekonomen - Ratings and Ratios

Meko AB (publ), operating as Mekonomen AB until May 2022, is a leading player in the European automotive aftermarket, serving customers across Sweden, Norway, Denmark, Poland, the Baltics, and Finland. The companys multi-brand strategy includes prominent names like Mekonomen, FTZ, Koivunen, and Fixus, offering a comprehensive range of automotive products and services. These include spare parts, accessories, tools, and workshop equipment, along with maintenance and repair services. Their distribution network spans branches, affiliated workshops, and wholesale operations, catering to workshops, dealers, and retailers. Established in 1973 and headquartered in Stockholm, Meko AB has a strong regional presence with over 300 branches, solidifying its position in the market.

From a technical standpoint, Meko ABs stock (ST:MEKO) is trading near its SMA20 of 120.58, slightly below the SMA50 of 123.22, and significantly below the SMA200 of 127.15. This positioning suggests a potential downtrend. The ATR of 3.64 indicates moderate volatility, with expected price fluctuations within that range. Fundamentally, with a market cap of 6,692.34M SEK, the stock has a P/E of 15.33, a P/B of 1.04, and a P/S of 0.36, reflecting a undervalued position. The RoE of 6.56% is relatively low, which may indicate profitability challenges. Over the next three months, the stock is expected to face resistance at 125 and support at 120, with potential price targets of 115 and 130. Investors may remain cautious due to broader macroeconomic uncertainties and the companys profitability concerns.