Cheffelo AB (publ)

OM:CHEF Stock Report

Market Cap: SEK 336.0m

Cheffelo Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: CHEF (SEK26.7) is trading below our estimate of fair value (SEK124.93)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CHEF. This is calculated by dividing CHEF's market cap by their current earnings.
What is CHEF's PE Ratio?
PE Ratio14x
EarningsSEK 24.27m
Market CapSEK 335.98m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CHEF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.2x
SNX Premium Snacks Nordic
26.1xn/aSEK 239.9m
SKMO Skåne-möllan
33.1xn/aSEK 525.8m
MSON B Midsona
39.2x53.0%SEK 1.2b
SCST Scandi Standard
18.4x19.6%SEK 5.5b
CHEF Cheffelo
14x23.0%SEK 338.5m

Price-To-Earnings vs Peers: CHEF is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (29.2x).

Price to Earnings Ratio vs Industry

How does CHEF's PE Ratio compare vs other companies in the European Food Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CHEF 14.0xIndustry Avg. 13.8xNo. of Companies19PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CHEF is expensive based on its Price-To-Earnings Ratio (14x) compared to the European Food industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is CHEF'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.

CHEF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: CHEF is good value based on its Price-To-Earnings Ratio (14x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).

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 CHEF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 26.70
SEK 35.00
+31.1%
13.0%SEK 41.00SEK 30.00n/a3
Jan ’26SEK 25.20
SEK 35.00
+38.9%
13.0%SEK 41.00SEK 30.00n/a3
Dec ’25SEK 24.80
SEK 35.00
+41.1%
13.0%SEK 41.00SEK 30.00n/a3
Nov ’25SEK 26.20
SEK 35.33
+34.9%
12.7%SEK 41.00SEK 30.00n/a3
Oct ’25SEK 26.60
SEK 35.33
+32.8%
12.7%SEK 41.00SEK 30.00n/a3
Sep ’25SEK 28.30
SEK 32.50
+14.8%
7.7%SEK 35.00SEK 30.00n/a2
Aug ’25SEK 26.90
SEK 27.50
+2.2%
9.1%SEK 30.00SEK 25.00n/a2
Jul ’25SEK 22.50
SEK 27.50
+22.2%
9.1%SEK 30.00SEK 25.00n/a2
Jun ’25SEK 24.20
SEK 27.50
+13.6%
9.1%SEK 30.00SEK 25.00n/a2
May ’25SEK 21.20
SEK 27.50
+29.7%
9.1%SEK 30.00SEK 25.00n/a2
Apr ’25SEK 25.30
SEK 27.50
+8.7%
9.1%SEK 30.00SEK 25.00n/a2
Mar ’25SEK 25.60
SEK 27.50
+7.4%
9.1%SEK 30.00SEK 25.00n/a2
Feb ’25SEK 18.50
SEK 18.00
-2.7%
11.1%SEK 20.00SEK 16.00n/a2
Jan ’25SEK 16.30
SEK 18.00
+10.4%
11.1%SEK 20.00SEK 16.00SEK 25.202
Dec ’24SEK 14.05
SEK 18.00
+28.1%
11.1%SEK 20.00SEK 16.00SEK 24.802
Nov ’24SEK 13.90
SEK 17.00
+22.3%
17.6%SEK 20.00SEK 14.00SEK 26.202
Oct ’24SEK 12.15
SEK 17.00
+39.9%
17.6%SEK 20.00SEK 14.00SEK 26.602
Sep ’24SEK 13.45
SEK 17.00
+26.4%
17.6%SEK 20.00SEK 14.00SEK 28.302
Aug ’24SEK 11.00
SEK 17.00
+54.5%
17.6%SEK 20.00SEK 14.00SEK 26.902
Jul ’24SEK 11.85
SEK 18.50
+56.1%
8.1%SEK 20.00SEK 17.00SEK 22.502
Jun ’24SEK 11.85
SEK 18.50
+56.1%
8.1%SEK 20.00SEK 17.00SEK 24.202
May ’24SEK 7.00
SEK 14.00
+100.0%
21.4%SEK 17.00SEK 11.00SEK 21.202
Apr ’24SEK 7.31
SEK 14.00
+91.5%
21.4%SEK 17.00SEK 11.00SEK 25.302
Mar ’24SEK 8.30
SEK 16.00
+92.8%
31.3%SEK 21.00SEK 11.00SEK 25.602
Feb ’24SEK 6.13
SEK 16.55
+170.0%
26.9%SEK 21.00SEK 12.10SEK 18.502
Jan ’24SEK 5.46
SEK 16.55
+203.1%
26.9%SEK 21.00SEK 12.10SEK 16.302

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 21:30
End of Day Share Price 2025/01/08 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

Cheffelo AB (publ) is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cédric RossiBryan Garnier & Co
Clement GenelotBryan Garnier & Co
Stefan WårdPareto Securities