(MEKO) Mekonomen - Ratings and Ratios

Meko AB, a leading player in the Nordic automotive aftermarket, operates through a diverse portfolio of brands, including Mekonomen, MECA, and BilXtra, among others. The companys extensive distribution network and retail operations enable it to cater to a broad customer base, comprising workshops, car dealers, retailers, and wholesalers, across eight countries, including Sweden, Norway, and Poland.

With a rich history dating back to 1973, Meko AB has established itself as a prominent force in the industry, leveraging its expertise in logistics and supply chain management to deliver a wide range of products, including spare parts, car accessories, and workshop equipment. The companys commitment to providing maintenance and repair services, as well as other related services, has earned it a reputation for reliability and customer satisfaction.

Analyzing the , we observe that the stock is currently trading at 119.80 SEK, with a 20-day Simple Moving Average (SMA) of 117.64 SEK, indicating a bullish trend. The 50-day SMA is at 118.91 SEK, further supporting this trend. However, the 200-day SMA at 126.48 SEK suggests that the stock is currently below its long-term average, potentially indicating a buying opportunity. With an Average True Range (ATR) of 3.13, representing a 2.62% daily volatility, the stock is experiencing moderate fluctuations.

Examining the , we note that Meko AB has a market capitalization of 6343.07M SEK, with a Price-to-Earnings (P/E) ratio of 14.50, indicating a relatively reasonable valuation. The Return on Equity (RoE) stands at 6.78%, suggesting a decent level of profitability. Given the absence of a forward P/E ratio, we will rely on historical data to inform our forecast.

Based on the technical and fundamental analysis, our forecast suggests that Meko ABs stock is poised for a potential rebound, driven by its bullish trend and reasonable valuation. As the company continues to expand its operations and enhance its services, we anticipate a gradual increase in its stock price, potentially reaching 130-135 SEK in the short to medium term, representing a 8-12% upside from current levels.