Cedergrenska AB (CEDER) AI Stock Analysis

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Cedergrenska AB

(Nasdaq OMX AB:CEDER)

Select Model

Rating:62Neutral

Price Target:SEK 55.00▲(6.18% Upside)

Action:reiterated

Date:08/29/26

Cedergrenska scores in the moderate range. The dominant driver is financial performance: excellent revenue growth and high-quality cash generation are undermined by very thin margins (~1.4% net) and a materially weaker balance sheet, where debt more than doubled and equity fell, pushing leverage to ~1.45x. Valuation provides meaningful support, with a modest 12.1x P/E and a 9.8% dividend yield, though the payout's durability warrants monitoring given the leverage. Technically the stock is neutral — holding above its 100- and 200-day averages but below the 50-day with a negative MACD and mid-range RSI. No earnings call commentary or corporate events were available, so those factors were excluded and their weight redistributed.

Positive Factors

Revenue ExpansionThe substantial multi-year increase in revenue indicates that Cedergrenska has expanded the scale of its education operations and reached a larger operating base. This growth can support stronger cost absorption, broader organizational capabilities, and improved earnings potential if the company maintains disciplined execution.

Negative Factors

Higher LeverageThe sharp increase in debt alongside declining equity materially reduces the company’s capital cushion and increases financial risk. Greater leverage can absorb more operating cash through debt servicing, limit flexibility for school investment, and make the business more sensitive to weaker earnings or cash generation.

Cedergrenska AB (CEDER) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 655.84M
Dividend Yield: 8.49%
Average Volume (3M): 23.33K
Price to Earnings (P/E): 18.5
Beta (1Y): 0.50
Revenue Growth: 30.37%
EPS Growth: 18.97%
Country: Sweden
Employees: 1,684
Sector: Consumer Defensive
Sector Strength: 62
Industry: Education & Training Services

Cedergrenska AB Business Overview & Revenue Model

Company Description

Cedergrenska AB (publ) specializes in delivering educational services, spanning from early childhood (preschool) to post-secondary levels. Its operations encompass a variety of institutions such as primary schools, preschools, marine polytechnic scho...

How the Company Makes Money

Cedergrenska AB’s primary revenue model is expected to be tied to running schools and delivering education services, where income is typically generated per enrolled student and/or through education-related funding arrangements. However, specific det...

Cedergrenska AB Financial Statement Overview

Summary

Growth and cash generation are strong: revenue has nearly tripled in five years (up ~30% most recently), operating cash flow rose to SEK 96.2m with SEK 66.0m of free cash flow, and cash conversion is roughly 4x net income. However, profitability is thin and inconsistent — a ~1.4% net margin and ~3.6% operating margin on SEK 1.60bn of revenue — and the balance sheet has weakened sharply, with total debt more than doubling to SEK 185.8m while equity fell to SEK 128.5m, lifting debt-to-equity to ~1.45x from 0.50x. The blended profile is one of attractive expansion and cash flow offset by rising leverage and minimal margin cushion.

Income Statement

60Neutral

Balance Sheet

46Neutral

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2022
Income Statement
Total Revenue	1.60B	1.60B	1.23B	845.32M	733.46M	817.27M
Gross Profit	272.70M	57.50M	396.35M	211.15M	180.23M	186.35M
EBITDA	139.20M	139.10M	105.82M	66.92M	54.48M	47.78M
Net Income	22.40M	22.60M	20.52M	6.57M	2.26M	-6.99M
Balance Sheet
Total Assets	523.00M	523.00M	466.42M	296.09M	344.60M	301.63M
Cash, Cash Equivalents and Short-Term Investments	125.10M	125.10M	128.60M	61.66M	41.98M	34.96M
Total Debt	185.80M	185.80M	90.39M	25.06M	78.57M	49.69M
Total Liabilities	392.30M	392.30M	286.62M	161.47M	204.35M	168.37M
Stockholders Equity	128.50M	128.50M	179.01M	134.53M	139.98M	132.99M
Cash Flow
Free Cash Flow	65.90M	66.00M	70.59M	67.98M	31.77M	17.77M
Operating Cash Flow	96.10M	96.20M	81.69M	77.27M	41.73M	23.31M
Investing Cash Flow	-120.20M	-120.20M	-27.80M	-20.14M	-69.97M	-1.45M
Financing Cash Flow	20.50M	20.50M	13.05M	-30.43M	-8.45M	-28.88M

Cedergrenska AB Technical Analysis

Technical Analysis SentimentPositive

Last Price51.80

Price Trends

50DMA45.93Positive

100DMA46.07Positive

200DMA43.64Positive

Market Momentum

MACD1.81Negative

RSI70.96Negative

STOCH70.61Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CEDER, the sentiment is Positive. The current price of 51.80 is above the 20-day moving average (MA) of 47.36, above the 50-day MA of 45.93, and above the 200-day MA of 43.64, indicating a bullish trend. The MACD of 1.81 indicates Negative momentum. The RSI at 70.96 is Negative, neither overbought nor oversold. The STOCH value of 70.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CEDER.

Cedergrenska AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

SE:CEDER against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:ZZ.B	74Outperform	SEK 4.60B	10.10	48.04%	5.22%	32.85%	101.50%
SE:MSON.B	67Neutral	SEK 1.39B	8.38	5.43%	2.30%	-1.42%	―
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SE:CEDER	62Neutral	SEK 655.84M	18.55	15.82%	8.49%	30.37%	18.97%
SE:SECARE	60Neutral	SEK 3.18B	36.89	1.24%	1.41%	2.73%	36.67%
SE:HAYPP	56Neutral	SEK 4.78B	-119.79	-5.78%	―	22.68%	-165.33%
SE:HUMBLE	52Neutral	SEK 2.75B	-5.91	-9.80%	―	3.05%	-1130.58%

* Consumer Defensive Sector Average

Performance Comparison

SE:CEDER and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:CEDER	Cedergrenska AB	51.80	12.02	30.21%
SE:ZZ.B	Zinzino AB Class B	115.00	-2.06	-1.76%
SE:MSON.B	Midsona AB Class B	9.56	1.05	12.35%
SE:HAYPP	Haypp Group AB	152.80	-7.60	-4.74%
SE:SECARE	Swedencare AB	19.92	-14.77	-42.57%
SE:HUMBLE	Humble Group AB	6.07	-1.52	-20.03%

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.

Date of analysis: Aug 29, 2026

Cedergrenska AB AI Stock Analysis