AXFO

AxfoodOM:AXFO Stock Report

Market Cap

kr45.6b

7D

-0.9%

1Y

5.3%

Updated

19 Sep, 2021

Data

Company Financials +
AXFO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends5/6

AXFO Overview

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

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 is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: AXFO's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

AXFO

-0.9%

SE Consumer Retailing

-1.2%

SE Market


1 Year Return

5.3%

AXFO

5.7%

SE Consumer Retailing

33.3%

SE Market

Return vs Industry: AXFO matched the Swedish Consumer Retailing industry which returned 5.7% over the past year.

Return vs Market: AXFO underperformed the Swedish Market which returned 33.3% over the past year.


Shareholder returns

AXFOIndustryMarket
7 Day-0.9%-0.9%-1.2%
30 Day-7.4%-4.0%-1.6%
90 Day-6.4%4.0%6.4%
1 Year7.2%5.3%12.7%5.7%37.8%33.3%
3 Year46.0%32.8%40.2%21.8%70.0%53.3%
5 Year73.2%43.9%39.8%14.5%104.0%65.4%

Long-Term 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

Axfood Fundamentals Summary

How do Axfood's earnings and revenue compare to its market cap?
AXFO fundamental statistics
Market Capkr45.58b
Earnings (TTM)kr1.97b
Revenue (TTM)kr54.17b

23.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXFO income statement (TTM)
Revenuekr54.17b
Cost of Revenuekr45.43b
Gross Profitkr8.74b
Expenseskr6.77b
Earningskr1.97b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 21, 2021

Earnings per share (EPS)9.41
Gross Margin16.13%
Net Profit Margin3.63%
Debt/Equity Ratio10.1%

How did AXFO perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

80%

Payout Ratio

Does AXFO pay a reliable dividends?

See AXFO dividend history and benchmarks
When do you need to buy AXFO by to receive an upcoming dividend?
Axfood dividend dates
Ex Dividend DateSep 23 2021
Dividend Pay DateSep 29 2021
Days until Ex dividend3 days
Days until Dividend pay date9 days

Does AXFO pay a reliable dividends?

See AXFO dividend history and benchmarks

Valuation

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

29.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AXFO (SEK218) is trading below our estimate of fair value (SEK308.19)

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


Price To Earnings Ratio

PE vs Industry: AXFO is poor value based on its PE Ratio (23.2x) compared to the European Consumer Retailing industry average (19.7x).

PE vs Market: AXFO is good value based on its PE Ratio (23.2x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: AXFO is poor value based on its PEG Ratio (5.8x)


Price to Book Ratio

PB vs Industry: AXFO is overvalued based on its PB Ratio (12.4x) compared to the XE Consumer Retailing industry average (2.3x).


Future Growth

How is Axfood forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXFO's forecast earnings growth (4% per year) is above the savings rate (0.3%).

Earnings vs Market: AXFO's earnings (4% per year) are forecast to grow slower than the Swedish market (5.8% per year).

High Growth Earnings: AXFO's earnings are forecast to grow, but not significantly.

Revenue vs Market: AXFO's revenue (6.2% per year) is forecast to grow faster than the Swedish market (4% per year).

High Growth Revenue: AXFO's revenue (6.2% 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 high in 3 years time (37.7%)


Past Performance

How has Axfood performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXFO has high quality earnings.

Growing Profit Margin: AXFO's current net profit margins (3.6%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: AXFO's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: AXFO's earnings growth over the past year (12.9%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: AXFO earnings growth over the past year (12.9%) underperformed the Consumer Retailing industry 18.6%.


Return on Equity

High ROE: AXFO's Return on Equity (49.2%) is considered outstanding.


Financial Health

How is Axfood's financial position?


Financial Position Analysis

Short Term Liabilities: AXFO's short term assets (SEK6.5B) do not cover its short term liabilities (SEK9.6B).

Long Term Liabilities: AXFO's short term assets (SEK6.5B) exceed its long term liabilities (SEK6.0B).


Debt to Equity History and Analysis

Debt Level: AXFO's debt to equity ratio (10.1%) is considered satisfactory.

Reducing Debt: AXFO's debt to equity ratio has reduced from 13.1% to 10.1% over the past 5 years.

Debt Coverage: AXFO's debt is well covered by operating cash flow (1260.9%).

Interest Coverage: AXFO's interest payments on its debt are well covered by EBIT (26.3x coverage).


Balance Sheet


Dividend

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

3.44%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 20 2021Ex Dividend DateSep 23 2021Dividend Pay DateSep 29 20216 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AXFO's dividend (3.44%) is higher than the bottom 25% of dividend payers in the Swedish market (0.89%).

High Dividend: AXFO's dividend (3.44%) is low compared to the top 25% of dividend payers in the Swedish market (3.52%).


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 (79.7%), 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 (78.6% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Klas Balkow (56 yo)

4.5yrs

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

Experienced Management: AXFO's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: AXFO's board of directors are considered experienced (5.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AXFO insiders have bought more shares than they have sold 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: 1958
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: kr45.585b
  • Shares outstanding: 209.10m
  • Website: https://www.axfood.se

Number of Employees


Location

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

Listings


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 W...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 17:32
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.