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AAK AB
(AAK)
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Rating:66Neutral
Price Target:
kr199.00
â–²(1.32% Upside)
Action:Reiterated
Date:07/18/26
The score is driven primarily by solid underlying profitability and a conservative balance sheet, partially offset by the sharp TTM revenue decline and uneven cash-flow history. Technicals also weigh on the rating as the stock trades below major moving averages despite mixed momentum signals. Reasonable valuation and a moderate dividend provide additional support.
Positive Factors
Specialty Solutions
AAK’s customized ingredient solutions and technical application support can deepen customer relationships because performance, texture, stability, and processing requirements are application-specific. This differentiation may support repeat business and a higher-value product mix than standardized commodity oils alone.
Negative Factors
Revenue Contraction
The prolonged revenue decline is a fundamental concern because it suggests that demand, pricing, or product mix has not yet returned to a durable growth path. Continued top-line contraction could reduce operating leverage, pressure investment capacity, and make current earnings levels harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialty Solutions
AAK’s customized ingredient solutions and technical application support can deepen customer relationships because performance, texture, stability, and processing requirements are application-specific. This differentiation may support repeat business and a higher-value product mix than standardized commodity oils alone.
Read all positive factors
AAK AB (AAK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr48.39B
Dividend Yield2.92%
Average Volume (3M)734.46K
Price to Earnings (P/E)13.6
Beta (1Y)0.34
Revenue Growth-0.83%
EPS Growth7.01%
CountrySE
Employees4,000
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)13.89
Shares Outstanding261,989,000
10 Day Avg. Volume633,048
30 Day Avg. Volume734,461
Financial Highlights & Ratios
PEG Ratio-5.94
Price to Book (P/B)3.45
Price to Sales (P/S)1.49
P/FCF Ratio-155.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr195.00Price Target Upside-0.71% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)13.77
Revenue Forecast (FY)kr47.04B
AAK AB Business Overview & Revenue Model
Company Description
AAK AB (publ.) is a global company that specializes in the development and distribution of a wide array of plant-derived oils and fats. Its extensive product portfolio serves numerous industries, offering crucial ingredients for the bakery, dairy,...
How the Company Makes Money
AAK primarily makes money by manufacturing and selling specialty and commodity vegetable oils and fat-based ingredient solutions to industrial customers. A core revenue stream comes from customized specialty products (often formulated for specific...
AAK AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.56B | 46.02B | 45.05B | 46.03B | 50.42B | 35.45B |
| Gross Profit | 9.94B | 11.90B | 13.00B | 11.73B | 9.76B | 7.75B |
| EBITDA | 5.67B | 5.34B | 5.76B | 4.99B | 3.36B | 3.05B |
| Net Income | 3.62B | 3.43B | 3.54B | 2.95B | 1.77B | 1.44B |
Balance Sheet | ||||||
| Total Assets | 34.75B | 32.62B | 34.39B | 30.55B | 33.99B | 27.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.84B | 1.57B | 1.91B | 1.50B | 1.51B | 1.00B |
| Total Debt | 5.79B | 4.94B | 3.57B | 4.49B | 7.25B | 4.57B |
| Total Liabilities | 14.38B | 12.65B | 14.24B | 13.38B | 18.91B | 15.34B |
| Stockholders Equity | 20.29B | 19.90B | 20.09B | 17.12B | 15.04B | 11.78B |
Cash Flow | ||||||
| Free Cash Flow | 1.95B | -441.00M | 1.11B | 4.07B | -1.30B | -111.00M |
| Operating Cash Flow | 3.31B | 862.00M | 2.35B | 5.31B | -73.00M | 508.00M |
| Investing Cash Flow | -1.34B | -1.29B | -598.00M | -1.20B | -1.23B | -650.00M |
| Financing Cash Flow | -1.44B | 244.00M | -1.33B | -4.06B | 1.79B | -65.00M |
AAK AB Technical Analysis
Negative
196.40
Price Trends
194.22
Negative
212.03
Negative
226.35
Negative
Market Momentum
-3.58
Negative
41.29
Neutral
54.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AAK, the sentiment is Negative. The current price of 196.4 is above the 20-day moving average (MA) of 186.29, above the 50-day MA of 194.22, and below the 200-day MA of 226.35, indicating a bearish trend. The MACD of -3.58 indicates Negative momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 54.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:AAK.
AAK AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr48.39B | 13.56 | 17.93% | 2.92% | -0.83% | 7.01% | |
63 Neutral | kr1.55B | 13.57 | 3.73% | 2.11% | -2.47% | 460.15% | |
62 Neutral | kr414.17M | 15.51 | ― | 1.47% | 21.94% | 53.07% | |
58 Neutral | kr11.03B | 23.79 | ― | 2.09% | 8.24% | 53.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr55.70B | 23.09 | 35.60% | 3.46% | 3.59% | 14.70% | |
50 Neutral | kr20.36B | -488.82 | -0.15% | 2.41% | -11.64% | -102.28% |
* General Sector Average
SE:AAK
AAK AB
188.30
-51.19
-21.38%
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260.00
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83.10
4.08
5.17%
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2.59
32.95%
SE:SNX
Premium Snacks Nordic AB
30.70
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-27.46%
SE:SCST
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158.20
70.92
81.25%
AAK AB Corporate Events
AAK AB Boosts Treasury Share Holding Through Regulated Buybacks
Oct 12, 2026
AAK AB has continued its share buyback program, repurchasing its own shares on Nasdaq Stockholm between 5 and 9 October 2026 through Skandinaviska Enskilda Banken in compliance with EU Market Abuse and Safe Harbour regulations. Following these tra...
AAK Expands Treasury Share Position Through Ongoing Buybacks
Oct 5, 2026
AAK AB has continued its share buyback program, repurchasing its own shares on Nasdaq Stockholm between September 28 and October 2, 2026, via Skandinaviska Enskilda Banken. Following these transactions, the company holds 2,330,767 of its own share...
AAK Increases Treasury Stock Through Ongoing Share Buyback on Nasdaq Stockholm
Sep 28, 2026
AAK AB has continued its share buyback program, repurchasing its own shares on Nasdaq Stockholm between September 21 and 25, 2026 through Skandinaviska Enskilda Banken. After these transactions, the company holds 2,210,463 treasury shares out of a...
AAK steps up share buy-backs to optimize capital structure
Sep 21, 2026
AAK AB has continued to execute its share buy-back programme, repurchasing 113,432 own shares on Nasdaq Stockholm between 14 and 18 September 2026. The transactions, carried out by Skandinaviska Enskilda Banken on AAK’s behalf, are part of a...
AAK Schedules Analyst Call for Third-Quarter 2026 Interim Results
Sep 21, 2026
AAK AB, a Sweden-headquartered producer of plant-based oils and value-added ingredients, serves global food and consumer goods manufacturers through a co-development model and an extensive network of sales offices, innovation centers and productio...
AAK steps up share buy-backs to optimise capital structure
Sep 14, 2026
AAK AB has continued its ongoing share buy-back programme, repurchasing 111,376 of its own shares on Nasdaq Stockholm between 7 and 11 September 2026 through Skandinaviska Enskilda Banken. Following these transactions, the company now holds 1,982,...
AAK Expands Treasury Share Holding Through Regulated Buybacks
Sep 7, 2026
AAK AB has continued its share buyback program, repurchasing its own shares on Nasdaq Stockholm between August 31 and September 4, 2026, through Skandinaviska Enskilda Banken acting on its behalf. These transactions have increased AAK’s trea...
AAK Steps Up Share Buy-Back to Optimize Capital Structure
Aug 31, 2026
AAK AB has continued its share buy-back programme, repurchasing 118,148 shares between August 24 and 28, 2026, on Nasdaq Stockholm through Skandinaviska Enskilda Banken. These transactions lift the company’s holding of treasury shares to 1,7...
AAK Steps Up Share Buybacks to Refine Capital Structure
Aug 24, 2026
AAK AB has repurchased 115,088 of its own shares on Nasdaq Stockholm between August 17 and 21, 2026, as part of a previously announced share buyback program. The transactions, executed by Skandinaviska Enskilda Banken on AAK’s behalf, are co...
AAK Steps Up Share Buy-Back, Holding Surges Past 1.5 Million Shares
Aug 17, 2026
AAK AB has continued executing its previously announced share buy-back programme, repurchasing 117,271 shares on Nasdaq Stockholm between 10 and 14 August 2026 through Skandinaviska Enskilda Banken. Following these transactions, the company now ho...
AAK Steps Up Share Buy-Back to Fine-Tune Capital Structure
Aug 10, 2026
AAK AB has repurchased 113,045 of its own shares on Nasdaq Stockholm between August 3 and 7, 2026, as part of an ongoing share buy-back program of up to 5,000,000 shares or SEK 1,000 million. The transactions, executed by SEB on AAK’s behalf...
AAK Advances Share Buy-Back to Optimize Capital Structure
Aug 3, 2026
AAK AB has continued executing its share buy-back program, repurchasing 112,572 own shares on Nasdaq Stockholm between July 27 and July 31, 2026, via Skandinaviska Enskilda Banken. Following these transactions, the company holds 1,295,961 treasury...
AAK Steps Up Share Buy-Back to Optimize Capital Structure
Jul 27, 2026
AAK AB has continued executing its previously announced share buy-back programme, repurchasing 122,830 shares on Nasdaq Stockholm between 20 and 24 July 2026. The transactions, carried out by SEB on AAK’s behalf under EU market abuse and saf...
AAK steps up share buybacks to optimize capital structure
Jul 20, 2026
AAK AB has repurchased 117,853 of its own shares on Nasdaq Stockholm during the period 13–17 July 2026 as part of an ongoing share buyback programme. The transactions were executed by Skandinaviska Enskilda Banken on behalf of AAK and carrie...
AAK Delivers Higher Profits and Cash Flow Despite Currency Headwinds in Q2 2026
Jul 17, 2026
AAK AB reported second-quarter 2026 volumes of 486,000 metric tons, down 1 percent year-on-year, with net sales slipping 1 percent to SEK 11.2 billion on negative currency effects, though sales rose at constant exchange rates. Operating profit exc...
AAK Increases Treasury Stock Through Continued Share Buybacks
Jul 13, 2026
AAK AB has continued its share buyback program on Nasdaq Stockholm, repurchasing its own shares between July 6 and July 10, 2026 through Skandinaviska Enskilda Banken acting on its behalf. The transactions, executed under the EU Market Abuse and S...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.