Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Axfood AB is a leading Swedish food retail company, operating as the second-largest player in the market with a significant market share. Formed in 2000 through the merger of grocery chains like Hemköp, D&D Dagligvaror, Spar Sverige, and Spar Inn Snabbgross, it manages prominent brands including Willys, the country's top discount chain; Hemköp, focusing on fresh products; City Gross, a hypermarket acquired in 2024; and others like Tempo, Handlar’n, and Matöppet. The company also conducts wholesale via Snabbgross for restaurants and Dagab for purchasing and logistics, alongside e-commerce through Mat.se and partly owned ventures like Apohem and Eurocash. With over 15,000 employees, nearly 400 group-owned stores, more than 700 collaborating retailer-owned outlets, and net sales exceeding SEK 80 billion, Axfood serves approximately five million weekly customers. Its vision emphasizes affordable, good, and sustainable food, highlighted by private labels such as Garant and Eldorado, and a 27.2% share of sustainability-labeled products. Headquartered in Stockholm and principally owned by Axel Johnson Group, Axfood prioritizes customer proximity, efficiency, and societal impact in the evolving food retail landscape shaped by digitalization and sustainability trends.
kr 261.60
+kr 5.30 (+2.07%)
Live · 04:11 PM · Twelve Data
Operating margin is thin at 4.06%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 6.1%, steady but not accelerating.
Even for strong businesses, today's 24x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
23.5x earnings, 12.1x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 89.71B
▲ +6.1% YoY
Net Income (TTM)
kr 2.45B
▲ +7.0% YoY
Op. Margin
4.13%
ROIC
12.35%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 4.69B
▲ +28.1% YoY
Op. Cash Flow (TTM)
kr 6.08B
▲ +27.1% YoY
Net Debt
kr 14.32B
Cash & Equiv.
kr 1.08B
3Y CAGR: +6.7%
3Y CAGR: +14.6%
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At a P/E of 23.5 and a price-to-free-cash-flow of 12.1, Axfood AB (AXFO.XSTO) trades below a two-stage DCF intrinsic value of about SEK 586.54 per share, so at SEK 261.60 the stock looks undervalued (124.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Axfood AB scores 58/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 586.54 per share for AXFO.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 439.91. At today's SEK 261.60, that puts the stock about 124.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Axfood AB scores 58 out of 100 on Intrinsiqq's quality score, passing 2 of 8 checks, which makes it a mixed business on these measures. Recent fundamentals include a 4.1% operating margin and a 12.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Axfood AB pays a regular dividend of about SEK 8.94 per share per year (typically in quarterly installments), a yield of roughly 3.4% at the current price. That is a payout ratio of about 79.2% of earnings, so the dividend is covered, with less cushion. Axfood AB has grown the dividend at roughly 5.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AXFO.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. AXFO.XSTO currently trades below its estimated intrinsic value and scores 58/100 on quality (mixed). It also yields about 3.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.