OM:AXFO

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Executive Summary

Axfood AB (publ) engages in the food retail and wholesale businesses in Sweden.


Snowflake Analysis

Outstanding track record established dividend payer.


Similar Companies

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: AXFO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.6%

AXFO

0.8%

SE Consumer Retailing

3.4%

SE Market


1 Year Return

10.2%

AXFO

-1.8%

SE Consumer Retailing

5.4%

SE Market

Return vs Industry: AXFO exceeded the Swedish Consumer Retailing industry which returned -2.6% over the past year.

Return vs Market: AXFO exceeded the Swedish Market which returned 3.8% over the past year.


Shareholder returns

AXFOIndustryMarket
7 Day-1.6%0.8%3.4%
30 Day-4.5%-2.0%6.6%
90 Day8.8%-1.2%-5.9%
1 Year12.3%10.2%1.4%-1.8%6.8%5.4%
3 Year54.2%38.7%-1.3%-10.9%10.7%-4.3%
5 Year89.5%53.8%1.1%-14.3%25.7%1.4%

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

Valuation

Is Axfood undervalued compared to its fair value and its price relative to the market?

24.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AXFO (SEK201.6) is trading above our estimate of fair value (SEK150.79)

Significantly Below Fair Value: AXFO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AXFO is poor value based on its PE Ratio (24.9x) compared to the Consumer Retailing industry average (20x).

PE vs Market: AXFO is poor value based on its PE Ratio (24.9x) compared to the Swedish market (18x).


Price to Earnings Growth Ratio

PEG Ratio: AXFO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AXFO is overvalued based on its PB Ratio (14.2x) compared to the XE Consumer Retailing industry average (1.6x).


Next Steps

Future Growth

How is Axfood forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXFO's earnings are forecast to decline over the next 3 years (-0.4% per year).

Earnings vs Market: AXFO's earnings are forecast to decline over the next 3 years (-0.4% per year).

High Growth Earnings: AXFO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AXFO's revenue (2.2% per year) is forecast to grow slower than the Swedish market (6% per year).

High Growth Revenue: AXFO's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AXFO's Return on Equity is forecast to be very high in 3 years time (41.3%).


Next Steps

Past Performance

How has Axfood performed over the past 5 years?

5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXFO has high quality earnings.

Growing Profit Margin: AXFO's current net profit margins (3.3%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: AXFO's earnings have grown by 5.3% per year over the past 5 years.

Accelerating Growth: AXFO's earnings growth over the past year (8.3%) exceeds its 5-year average (5.3% per year).

Earnings vs Industry: AXFO earnings growth over the past year (8.3%) exceeded the Consumer Retailing industry -1.1%.


Return on Equity

High ROE: AXFO's Return on Equity (54%) is considered outstanding.


Next Steps

Financial Health

How is Axfood's financial position?


Financial Position Analysis

Short Term Liabilities: AXFO's short term assets (SEK5.8B) do not cover its short term liabilities (SEK9.2B).

Long Term Liabilities: AXFO's short term assets (SEK5.8B) exceed its long term liabilities (SEK5.6B).


Debt to Equity History and Analysis

Debt Level: AXFO's debt to equity ratio (19.4%) is considered satisfactory.

Reducing Debt: AXFO's debt to equity ratio has increased from 13.4% to 19.4% over the past 5 years.

Debt Coverage: AXFO's debt is well covered by operating cash flow (673.7%).

Interest Coverage: AXFO's interest payments on its debt are well covered by EBIT (22.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Axfood's current dividend yield, its reliability and sustainability?

3.60%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: AXFO's dividend (3.6%) is higher than the bottom 25% of dividend payers in the Swedish market (1.76%).

High Dividend: AXFO's dividend (3.6%) is low compared to the top 25% of dividend payers in the Swedish market (6.11%).


Stability and Growth of Payments

Stable Dividend: AXFO's dividends per share have been stable in the past 10 years.

Growing Dividend: AXFO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.4%), AXFO's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AXFO's dividends in 3 years are forecast to be covered by earnings (86.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Klas Balkow (54yo)

3.17yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Klas Balkow
President & CEO3.17yrsno data0.0096% SEK4.0m
Anders Lexmon
Chief Financial Officer2.75yrsno data0.0046% SEK1.9m
Alexander Bergendorf
Head of Investor Relations0.33yrno datano data
Sandra Brånstad
General Counsel & Company secretaryno datano datano data
Sara Westrell
Head of Corporate Communications2.33yrsno data0.0014% SEK594.9k
Monica Längbo
Head of Human Resources1.25yrsno data0.0010% SEK421.9k
Lars-Åke Johansson
Head of Structure & Establishmentno datano datano data
Bengt Andersson
Head of Retail Trade Developmentno datano datano data
Jan Lindmark
Head of Information Technologyno datano data0.0024% SEK1.0m
Åsa Domeij
Head of Sustainabilityno datano datano data

2.3yrs

Average Tenure

55yo

Average Age

Experienced Management: AXFO's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lars Olofsson
Vice Chairman6.33yrskr528.00k0.0038% SEK1.6m
Maria Livfors
Chairman of the Board4.17yrskr686.00kno data
Christian Luiga
Independent Director0.17yrno datano data
Christer Åberg
Independent Director3.33yrskr433.00k0.0023% SEK966.3k
Caroline Berg
Non-Independent Director6.33yrskr433.00k0.0076% SEK3.2m
Jesper Lien
Independent Director2.17yrskr433.00kno data
Stina Andersson
Director2.17yrskr433.00kno data
Fabian Bengtsson
Independent Director4.17yrskr433.00k0.0034% SEK1.4m

3.8yrs

Average Tenure

51yo

Average Age

Experienced Board: AXFO's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AXFO insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Axfood AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axfood AB (publ)
  • Ticker: AXFO
  • Exchange: OM
  • Founded: 2000
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: kr42.195b
  • Shares outstanding: 209.30m
  • Website: https://www.axfood.se

Number of Employees


Location

  • Axfood AB (publ)
  • Norra Stationsgatan 80 C
  • Stockholm
  • Stockholm County
  • 107 69
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXFOOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKFeb 2000
AXFO.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDFeb 2000
0R6RLSE (London Stock Exchange)YesShare CapitalGBSEKFeb 2000
AXFOSBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBSEKFeb 2000
AXL1DB (Deutsche Boerse AG)YesShare CapitalDEEURFeb 2000
AXFO.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2008

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 22:38
End of Day Share Price2020/05/27 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.