Axfood AB (publ)

BATS-CHIXE:AXFOS Stock Report

Market Cap: SEK 50.1b

Axfood Valuation

Is AXFOS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AXFOS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AXFOS (SEK235) is trading below our estimate of fair value (SEK764.44)

Significantly Below Fair Value: AXFOS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AXFOS?

Key metric: As AXFOS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AXFOS. This is calculated by dividing AXFOS's market cap by their current earnings.
What is AXFOS's PE Ratio?
PE Ratio21.2x
EarningsSEK 2.37b
Market CapSEK 50.10b

Price to Earnings Ratio vs Peers

How does AXFOS's PE Ratio compare to its peers?

The above table shows the PE ratio for AXFOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.9x
SBRY J Sainsbury
35.9x20.6%UK£6.3b
MKS Marks and Spencer Group
15.2x9.3%UK£7.7b
TSCO Tesco
13x1.5%UK£24.6b
CBOX Cake Box Holdings
15.6xn/aUK£77.0m
AXFOS Axfood
21.2x9.9%SEK 50.1b

Price-To-Earnings vs Peers: AXFOS is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the peer average (19.9x).

Price to Earnings Ratio vs Industry

How does AXFOS's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXFOS is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the European Consumer Retailing industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is AXFOS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AXFOS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AXFOS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AXFOS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 261.00
0%
10.9%SEK 300.00SEK 225.00n/a5
Dec ’25n/a
SEK 255.00
0%
11.3%SEK 300.00SEK 225.00n/a4
Nov ’25n/a
SEK 257.50
0%
11.5%SEK 300.00SEK 225.00n/a4
Oct ’25SEK 284.20
SEK 286.25
+0.7%
8.9%SEK 320.00SEK 255.00n/a4
Sep ’25n/a
SEK 286.25
0%
8.9%SEK 320.00SEK 255.00n/a4
Aug ’25n/a
SEK 286.25
0%
8.9%SEK 320.00SEK 255.00n/a4
Jul ’25n/a
SEK 285.00
0%
9.7%SEK 330.00SEK 250.00n/a5
Jun ’25n/a
SEK 293.00
0%
9.5%SEK 330.00SEK 250.00n/a5
May ’25n/a
SEK 293.00
0%
9.5%SEK 330.00SEK 250.00n/a5
Apr ’25n/a
SEK 290.00
0%
10.6%SEK 330.00SEK 245.00n/a5
Mar ’25n/a
SEK 288.00
0%
9.9%SEK 320.00SEK 245.00n/a5
Feb ’25n/a
SEK 283.00
0%
11.3%SEK 320.00SEK 230.00n/a5
Jan ’25n/a
SEK 277.00
0%
12.6%SEK 315.00SEK 230.00n/a5
Dec ’24n/a
SEK 271.00
0%
11.1%SEK 300.00SEK 230.00n/a5
Nov ’24n/a
SEK 274.00
0%
11.7%SEK 300.00SEK 230.00n/a5
Oct ’24n/a
SEK 267.50
0%
12.2%SEK 300.00SEK 230.00SEK 284.204
Sep ’24n/a
SEK 272.50
0%
10.3%SEK 300.00SEK 230.00n/a4
Aug ’24n/a
SEK 272.50
0%
10.3%SEK 300.00SEK 230.00n/a4
Jul ’24n/a
SEK 258.75
0%
12.8%SEK 300.00SEK 215.00n/a4
Jun ’24SEK 242.90
SEK 263.75
+8.6%
11.9%SEK 300.00SEK 215.00n/a4
May ’24SEK 253.80
SEK 257.50
+1.5%
9.9%SEK 280.00SEK 215.00n/a4
Apr ’24SEK 253.70
SEK 257.50
+1.5%
9.9%SEK 280.00SEK 215.00n/a4
Mar ’24SEK 246.20
SEK 256.25
+4.1%
10.0%SEK 280.00SEK 215.00n/a4
Feb ’24SEK 270.40
SEK 275.00
+1.7%
5.9%SEK 295.00SEK 255.00n/a3
Jan ’24SEK 289.00
SEK 293.75
+1.6%
13.3%SEK 360.00SEK 260.00n/a4
Dec ’23SEK 284.10
SEK 293.75
+3.4%
13.3%SEK 360.00SEK 260.00n/a4

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:11
End of Day Share Price 2024/12/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Axfood AB (publ) is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Anna SchumacherBNP Paribas Exane
Robert JoyceBNP Paribas Exane