Axfood AB (publ)

LSE:0R6R Stock Report

Market Cap: SEK 50.7b

Axfood Valuation

Is 0R6R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 0R6R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R6R (SEK234.9) is trading below our estimate of fair value (SEK791.04)

Significantly Below Fair Value: 0R6R is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R6R?

Key metric: As 0R6R is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R6R. This is calculated by dividing 0R6R's market cap by their current earnings.
What is 0R6R's PE Ratio?
PE Ratio21.4x
EarningsSEK 2.37b
Market CapSEK 50.68b

Price to Earnings Ratio vs Peers

How does 0R6R's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R6R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
SBRY J Sainsbury
43.1x21.5%UK£5.9b
MKS Marks and Spencer Group
15.1x7.1%UK£7.7b
TSCO Tesco
12.5x1.5%UK£23.7b
CBOX Cake Box Holdings
15.6xn/aUK£77.0m
0R6R Axfood
21.4x9.7%SEK 50.7b

Price-To-Earnings vs Peers: 0R6R is good value based on its Price-To-Earnings Ratio (21.4x) compared to the peer average (21.6x).

Price to Earnings Ratio vs Industry

How does 0R6R's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0R6R 21.4xIndustry Avg. 14.8xNo. of Companies9PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R6R is expensive based on its Price-To-Earnings Ratio (21.4x) compared to the European Consumer Retailing industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0R6R'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.

0R6R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.4x
Fair PE Ratio17.7x

Price-To-Earnings vs Fair Ratio: 0R6R is expensive based on its Price-To-Earnings Ratio (21.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.7x).

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 0R6R forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 234.90
SEK 255.00
+8.6%
11.3%SEK 300.00SEK 225.00n/a4
Nov ’25SEK 235.70
SEK 257.50
+9.2%
11.5%SEK 300.00SEK 225.00n/a4
Oct ’25SEK 286.70
SEK 286.25
-0.2%
8.9%SEK 320.00SEK 255.00n/a4
Sep ’25SEK 273.46
SEK 286.25
+4.7%
8.9%SEK 320.00SEK 255.00n/a4
Aug ’25SEK 265.60
SEK 286.25
+7.8%
8.9%SEK 320.00SEK 255.00n/a4
Jul ’25SEK 280.46
SEK 285.00
+1.6%
9.7%SEK 330.00SEK 250.00n/a5
Jun ’25SEK 278.37
SEK 293.00
+5.3%
9.5%SEK 330.00SEK 250.00n/a5
May ’25SEK 286.75
SEK 293.00
+2.2%
9.5%SEK 330.00SEK 250.00n/a5
Apr ’25SEK 311.20
SEK 290.00
-6.8%
10.6%SEK 330.00SEK 245.00n/a5
Mar ’25SEK 291.37
SEK 288.00
-1.2%
9.9%SEK 320.00SEK 245.00n/a5
Feb ’25SEK 281.79
SEK 283.00
+0.4%
11.3%SEK 320.00SEK 230.00n/a5
Jan ’25SEK 272.74
SEK 277.00
+1.6%
12.6%SEK 315.00SEK 230.00n/a5
Dec ’24SEK 262.04
SEK 271.00
+3.4%
11.1%SEK 300.00SEK 230.00n/a5
Nov ’24SEK 250.04
SEK 274.00
+9.6%
11.7%SEK 300.00SEK 230.00SEK 235.705
Oct ’24SEK 251.57
SEK 267.50
+6.3%
12.2%SEK 300.00SEK 230.00SEK 286.704
Sep ’24SEK 266.38
SEK 272.50
+2.3%
10.3%SEK 300.00SEK 230.00SEK 273.464
Aug ’24SEK 267.12
SEK 272.50
+2.0%
10.3%SEK 300.00SEK 230.00SEK 265.604
Jul ’24SEK 228.22
SEK 258.75
+13.4%
12.8%SEK 300.00SEK 215.00SEK 280.464
Jun ’24SEK 233.84
SEK 263.75
+12.8%
11.9%SEK 300.00SEK 215.00SEK 278.374
May ’24SEK 256.21
SEK 257.50
+0.5%
9.9%SEK 280.00SEK 215.00SEK 286.754
Apr ’24SEK 252.97
SEK 257.50
+1.8%
9.9%SEK 280.00SEK 215.00SEK 311.204
Mar ’24SEK 247.20
SEK 256.25
+3.7%
10.0%SEK 280.00SEK 215.00SEK 291.374
Feb ’24SEK 255.00
SEK 275.00
+7.8%
5.9%SEK 295.00SEK 255.00SEK 281.793
Jan ’24SEK 289.50
SEK 293.75
+1.5%
13.3%SEK 360.00SEK 260.00SEK 272.744
Dec ’23SEK 286.50
SEK 293.75
+2.5%
13.3%SEK 360.00SEK 260.00SEK 262.044
Nov ’23SEK 270.84
SEK 293.75
+8.5%
13.3%SEK 360.00SEK 260.00SEK 250.044

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

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