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.
/
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.
Kesko Oyj Class B shares represent the publicly traded class B stock of Kesko Oyj, a Finland-based retail conglomerate operating across three primary divisions: Grocery, Building and Technical, and Car. The Grocery segment dominates revenue generation, supplying customers through a chain of locally tailored K-food retailers such as K-Citymarket, K-Supermarket, K-Market, and Neste K stores in Finland. The Building and Technical division offers construction materials, leisure and athletic goods, and infrastructure tools, with operations spanning Scandinavia and Eastern Europe via both digital platforms and physical stores. The Car division functions as an importer, leaser, and seller of premium European brands including Volkswagen, SEAT, Audi, and Porsche, alongside used vehicles through online and in-store channels. Classified in the consumer defensive sector and grocery stores industry, Kesko Oyj Class B serves as a mid-cap stock with around 398 million shares outstanding, playing a key role in Northern European retail markets by blending traditional brick-and-mortar presence with e-commerce adaptation.
€19.48
+€0.21 (+1.12%)
EOD Jul 2, 2026
Operating margin is thin at 4.43%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 4.7%, steady but not accelerating. Free cash flow declined 27% despite revenue growth, conversion is weakening.
Free cash flow declined 27% versus the prior year, cash generation momentum has weakened. Net debt of €3.41B represents 9.0x FCF, leverage limits flexibility.
18.9x earnings, 16.2x 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)
€12.68B
▲ +4.7% YoY
Net Income (TTM)
€408M
▲ +6.6% YoY
Op. Margin
4.42%
▲ +0.3pp YoY
ROIC
7.00%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€480M
▼ -27.0% YoY
Op. Cash Flow (TTM)
€495M
▼ -37.0% YoY
Net Debt
€3.41B
Cash & Equiv.
€166M
3Y CAGR: +1.8%
3Y CAGR: -12.5%
Continue Research
At a P/E of 18.9 and a price-to-free-cash-flow of 16.2, Kesko Oyj Class B (KESKOB.XHEL) trades above a two-stage DCF intrinsic value of about €12.32 per share, so at €19.48 the stock looks overvalued (36.8% above 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, Kesko Oyj Class B scores 32/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.6%; 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 €12.32 per share for KESKOB.XHEL, 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 €9.24. At today's €19.48, that puts the stock about 36.8% above 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.
Kesko Oyj Class B scores 32 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 4.4% operating margin and a 7.0% 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 metric-by-metric breakdown is on the quality scorecard.
Yes, Kesko Oyj Class B pays a regular dividend of about €0.90 per share per year (typically in quarterly installments), a yield of roughly 4.6% at the current price. That is a payout ratio of about 87.9% of earnings, so the dividend is stretched at this level. Kesko Oyj Class B has grown the dividend at roughly 5.6% 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 KESKOB.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. KESKOB.XHEL currently trades above its estimated intrinsic value and scores 32/100 on quality (lower-quality). It also yields about 4.6%. 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.