Axfood AB (publ) engages in the food retail and wholesale businesses in Sweden.
Outstanding track record with adequate balance sheet and pays a dividend.
Share Price & News
How has Axfood's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AXL1 has not had significant price volatility in the past 3 months.
7 Day Return
DE Consumer Retailing
1 Year Return
DE Consumer Retailing
Return vs Industry: AXL1 exceeded the German Consumer Retailing industry which returned -9.4% over the past year.
Return vs Market: AXL1 exceeded the German Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is Axfood's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Axfood undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AXL1 (€17.38) is trading above our estimate of fair value (€14.89)
Significantly Below Fair Value: AXL1 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AXL1 is poor value based on its PE Ratio (24.7x) compared to the Consumer Retailing industry average (17.3x).
PE vs Market: AXL1 is poor value based on its PE Ratio (24.7x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: AXL1 is poor value based on its PEG Ratio (92.5x)
Price to Book Ratio
PB vs Industry: AXL1 is overvalued based on its PB Ratio (10.1x) compared to the XE Consumer Retailing industry average (1.3x).
How is Axfood forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AXL1's forecast earnings growth (0.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: AXL1's earnings (0.3% per year) are forecast to grow slower than the German market (14.2% per year).
High Growth Earnings: AXL1's earnings are forecast to grow, but not significantly.
Revenue vs Market: AXL1's revenue (3.1% per year) is forecast to grow slower than the German market (4.2% per year).
High Growth Revenue: AXL1's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AXL1's Return on Equity is forecast to be high in 3 years time (37.5%)
How has Axfood performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AXL1 has high quality earnings.
Growing Profit Margin: AXL1's current net profit margins (3.2%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: AXL1's earnings have grown by 5.9% per year over the past 5 years.
Accelerating Growth: AXL1's earnings growth over the past year (6.1%) exceeds its 5-year average (5.9% per year).
Earnings vs Industry: AXL1 earnings growth over the past year (6.1%) exceeded the Consumer Retailing industry 2.2%.
Return on Equity
High ROE: AXL1's Return on Equity (39.5%) is considered high.
How is Axfood's financial position?
Financial Position Analysis
Short Term Liabilities: AXL1's short term assets (SEK5.4B) do not cover its short term liabilities (SEK7.5B).
Long Term Liabilities: AXL1's short term assets (SEK5.4B) do not cover its long term liabilities (SEK5.6B).
Debt to Equity History and Analysis
Debt Level: AXL1 is debt free.
Reducing Debt: AXL1 has no debt compared to 5 years ago when its debt to equity ratio was 1.6%.
Debt Coverage: AXL1 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AXL1 has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: AXL1 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AXL1's debt is covered by short term assets.
What is Axfood's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AXL1's dividend (3.73%) is higher than the bottom 25% of dividend payers in the German market (1.71%).
High Dividend: AXL1's dividend (3.73%) is low compared to the top 25% of dividend payers in the German market (4.98%).
Stability and Growth of Payments
Stable Dividend: AXL1's dividends per share have been stable in the past 10 years.
Growing Dividend: AXL1's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (92.1%), AXL1's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AXL1's dividends in 3 years are forecast to be covered by earnings (85.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Klas Balkow (54yo)
Mr. Klas Balkow has been Chief Executive Officer and President at Axfood AB since March 2017. Mr. Balkow served as Advisor of Clas Ohlson AB (publ) until March 16, 2017. Mr. Balkow served as the Chief Exec ...
|President & CEO||3yrs||no data||0.0072% SEK264.8k|
|Chief Financial Officer||2.58yrs||no data||0.0014% SEK52.8k|
|Head of Investor Relations||0.17yr||no data||no data|
|General Counsel & Company secretary||no data||no data||no data|
|Head of Corporate Communications||2.17yrs||no data||0.00081% SEK29.9k|
|Head of Human Resources||1yr||no data||0.00041% SEK15.1k|
|Head of Structure & Establishment||no data||no data||no data|
|Head of Retail Trade Development||no data||no data||no data|
|Head of Information Technology||no data||no data||0.0024% SEK88.3k|
|Head of Sustainability||no data||no data||no data|
Experienced Management: AXL1's management team is considered experienced (2.2 years average tenure).
|Vice Chairman||6.17yrs||kr528.00k||0.0038% SEK141.1k|
|Chairman of the Board||4yrs||kr686.00k||no data|
|Independent Director||no data||no data||no data|
|Independent Director||3.17yrs||kr433.00k||0.0023% SEK84.6k|
|Non-Independent Director||6.17yrs||kr433.00k||0.0076% SEK279.6k|
|Independent Director||2yrs||kr433.00k||no data|
|Independent Director||4yrs||kr433.00k||0.0034% SEK124.5k|
Experienced Board: AXL1's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AXL1 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Axfood AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Axfood AB (publ)
- Ticker: AXL1
- Exchange: DB
- Founded: 2000
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: kr40.709b
- Listing Market Cap: kr3.694b
- Shares outstanding: 209.30m
- Website: https://www.axfood.se
Number of Employees
- Axfood AB (publ)
- Norra Stationsgatan 80 C
- Stockholm County
- 107 69
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AXFO||OM (OMX Nordic Exchange Stockholm)||Yes||Share Capital||SE||SEK||Feb 2000|
|AXFO.F||OTCPK (Pink Sheets LLC)||Yes||Share Capital||US||USD||Feb 2000|
|0R6R||LSE (London Stock Exchange)||Yes||Share Capital||GB||SEK||Feb 2000|
|AXFOS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Share Capital||GB||SEK||Feb 2000|
|AXL1||DB (Deutsche Boerse AG)||Yes||Share Capital||DE||EUR||Feb 2000|
|AXFO.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Dec 2008|
Axfood AB (publ) engages in the food retail and wholesale businesses in Sweden. It operates through Willys, Hemköp, Dagab, and Axfood Snabbgross segments. The company operates its retail business through Willys, Hemköp, and Eurocash chains; and the online store, Mat.se. It is also involved in the e-commerce business; and provision of private label products. In addition, the company offers home delivery of meal kits under the Middagsfrid name, as well as operates Urban Deli, a combined restaurant and market hall concept; and Apohem, an online pharmacy solution. It serves restaurants, foodservice operators, and cafés; and retailer-owned stores, mini-marts, service stations, and other convenience retailers. The company operates 67 Hemköp group-owned and 129 Hemköp franchises stores; and 213 stores, which include 206 Willys stores and 7 Eurocash stores. It also operates cold storage warehouses; distribution centers; and 24 Axfood Snabbgross stores. The company was founded in 2000 and is based in Stockholm, Sweden. Axfood AB (publ) is a subsidiary of Axel Johnson AB.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 23:06|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.