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Cheffelo AB
(CHEF)
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Rating:69Neutral
Price Target:
kr136.00
▲(8.63% Upside)
Action:Downgraded
Date:08/17/26
The score is driven primarily by solid financial performance, led by strong free-cash-flow generation and conservative leverage, offset by historical margin volatility. Technical indicators are mostly neutral with slightly negative momentum. Valuation is supported by a high dividend yield but moderated by a mid-to-high P/E ratio.
Positive Factors
Strong Cash Generation
Strong operating and free cash flow gives Cheffelo internal funding capacity for operations, technology and logistics. Rising free cash flow and close conversion to net income indicate that reported profitability is translating into liquidity.
Negative Factors
Margin Volatility
Uneven gross margins indicate sensitivity to ingredient prices, menu pricing, customer mix or fulfillment costs. Persistent variability can make earnings less predictable and may limit the durability of recent operating-margin improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Strong operating and free cash flow gives Cheffelo internal funding capacity for operations, technology and logistics. Rising free cash flow and close conversion to net income indicate that reported profitability is translating into liquidity.
Read all positive factors
Cheffelo AB (CHEF) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.61B
Dividend Yield5.65%
Average Volume (3M)56.74K
Price to Earnings (P/E)24.0
Beta (1Y)0.59
Revenue Growth10.90%
EPS Growth54.98%
CountrySE
Employees417
SectorGeneral
Sector StrengthN/A
IndustryGrocery Stores
Share Statistics
EPS (TTM)5.19
Shares Outstanding13,020,424
10 Day Avg. Volume64,614
30 Day Avg. Volume56,744
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.33
Price to Sales (P/S)0.86
P/FCF Ratio8.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.51
Revenue Forecast (FY)kr1.34B
Cheffelo AB Business Overview & Revenue Model
Company Description
Cheffelo AB (CHEF) is a Sweden-based food retail and services company focused on direct-to-consumer meal-kit subscriptions. The company sells curated recipes and pre-portioned ingredients packaged as meal kits and delivered to customers, operating...
How the Company Makes Money
Cheffelo primarily makes money by selling meal kits (recipe boxes) directly to consumers through subscription and recurring-order models. Customers typically select a plan (e.g., number of meals/portions and dietary preferences) and receive regula...
Cheffelo AB Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.23B | 1.19B | 1.06B | 999.72M | 1.08B | 1.39B |
| Gross Profit | 304.58M | 503.87M | 457.10M | 433.19M | -33.70M | 38.67M |
| EBITDA | 138.39M | 115.48M | 93.20M | 82.42M | -97.50M | 93.93M |
| Net Income | 66.82M | 57.46M | 32.42M | 19.30M | -154.56M | 17.36M |
Balance Sheet | ||||||
| Total Assets | 817.48M | 722.08M | 746.12M | 760.92M | 776.07M | 960.86M |
| Cash, Cash Equivalents and Short-Term Investments | 221.01M | 157.07M | 114.21M | 91.92M | 56.00M | 160.73M |
| Total Debt | 85.96M | 82.72M | 110.80M | 132.75M | 152.20M | 117.28M |
| Total Liabilities | 325.43M | 281.76M | 304.01M | 322.37M | 328.48M | 352.81M |
| Stockholders Equity | 492.04M | 440.32M | 442.11M | 438.55M | 447.59M | 608.04M |
Cash Flow | ||||||
| Free Cash Flow | 151.31M | 123.23M | 74.10M | 70.77M | -62.42M | 28.25M |
| Operating Cash Flow | 160.40M | 126.18M | 85.10M | 82.20M | -40.48M | 58.19M |
| Investing Cash Flow | -14.61M | -13.78M | -10.99M | -11.44M | -24.33M | -88.09M |
| Financing Cash Flow | -62.70M | -62.71M | -49.97M | -29.35M | -43.57M | 102.56M |
Cheffelo AB Peers Comparison
UnderperformOutperform
Sector (55)
SE:CHEF
Cheffelo AB
124.80
78.58
170.01%
SE:NNH
New Nordic Healthbrands AB
18.00
-4.93
-21.49%
SE:SNX
Premium Snacks Nordic AB
32.45
1.87
6.11%
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.