Axfood AB (publ)

OM:AXFO Stock Report

Market Cap: SEK 50.1b

Axfood Valuation

Is AXFO 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 AXFO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AXFO (SEK232.2) is trading below our estimate of fair value (SEK775.82)

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

Key Valuation Metric

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

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

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

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AXFO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.9x
APOTEA Apotea
44.1xn/aSEK 8.5b
3038 Kobe Bussan
35.9x13.6%JP¥768.8b
COLR Colruyt Group
12.4x5.2%€4.4b
ZAB Zabka Group
35.2x30.5%zł19.5b
AXFO Axfood
21.2x9.9%SEK 50.1b

Price-To-Earnings vs Peers: AXFO is good value based on its Price-To-Earnings Ratio (21.2x) compared to the peer average (31.9x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXFO 21.2xIndustry Avg. 14.9xNo. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AXFO is expensive based on its Price-To-Earnings Ratio (21.2x) compared to the European Consumer Retailing industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is AXFO'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.

AXFO 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 AXFO'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 AXFO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 232.20
SEK 261.00
+12.4%
10.9%SEK 300.00SEK 225.00n/a5
Dec ’25SEK 233.70
SEK 255.00
+9.1%
11.3%SEK 300.00SEK 225.00n/a4
Nov ’25SEK 235.00
SEK 257.50
+9.6%
11.5%SEK 300.00SEK 225.00n/a4
Oct ’25SEK 286.50
SEK 286.25
-0.09%
8.9%SEK 320.00SEK 255.00n/a4
Sep ’25SEK 273.60
SEK 286.25
+4.6%
8.9%SEK 320.00SEK 255.00n/a4
Aug ’25SEK 265.00
SEK 286.25
+8.0%
8.9%SEK 320.00SEK 255.00n/a4
Jul ’25SEK 281.40
SEK 285.00
+1.3%
9.7%SEK 330.00SEK 250.00n/a5
Jun ’25SEK 278.70
SEK 293.00
+5.1%
9.5%SEK 330.00SEK 250.00n/a5
May ’25SEK 285.40
SEK 293.00
+2.7%
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 290.00
SEK 288.00
-0.7%
9.9%SEK 320.00SEK 245.00n/a5
Feb ’25SEK 281.90
SEK 283.00
+0.4%
11.3%SEK 320.00SEK 230.00n/a5
Jan ’25SEK 273.00
SEK 277.00
+1.5%
12.6%SEK 315.00SEK 230.00n/a5
Dec ’24SEK 262.30
SEK 271.00
+3.3%
11.1%SEK 300.00SEK 230.00SEK 233.705
Nov ’24SEK 250.00
SEK 274.00
+9.6%
11.7%SEK 300.00SEK 230.00SEK 235.005
Oct ’24SEK 250.40
SEK 267.50
+6.8%
12.2%SEK 300.00SEK 230.00SEK 286.504
Sep ’24SEK 266.50
SEK 272.50
+2.3%
10.3%SEK 300.00SEK 230.00SEK 273.604
Aug ’24SEK 267.70
SEK 272.50
+1.8%
10.3%SEK 300.00SEK 230.00SEK 265.004
Jul ’24SEK 228.20
SEK 258.75
+13.4%
12.8%SEK 300.00SEK 215.00SEK 281.404
Jun ’24SEK 235.60
SEK 263.75
+11.9%
11.9%SEK 300.00SEK 215.00SEK 278.704
May ’24SEK 254.20
SEK 257.50
+1.3%
9.9%SEK 280.00SEK 215.00SEK 285.404
Apr ’24SEK 253.20
SEK 257.50
+1.7%
9.9%SEK 280.00SEK 215.00SEK 311.204
Mar ’24SEK 245.90
SEK 256.25
+4.2%
10.0%SEK 280.00SEK 215.00SEK 290.004
Feb ’24SEK 253.30
SEK 275.00
+8.6%
5.9%SEK 295.00SEK 255.00SEK 281.903
Jan ’24SEK 285.90
SEK 293.75
+2.7%
13.3%SEK 360.00SEK 260.00SEK 273.004
Dec ’23SEK 286.50
SEK 293.75
+2.5%
13.3%SEK 360.00SEK 260.00SEK 262.304

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:10
End of Day Share Price 2024/12/20 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