Want to see SE:CHEF full AI Analyst Report?
Top Page
Cheffelo AB
(CHEF)
Select Model
Select Model
Rating:71Outperform
Price Target:
kr133.00
▲(12.52% Upside)
Action:Upgraded
Date:08/21/26
The score is driven primarily by solid and improving financial performance (strong free cash flow, better profitability, and low leverage). Offsetting this, technical indicators point to weaker near-term momentum (below short-term moving averages with negative MACD), while valuation is supported by a high dividend yield but moderated by a ~23 P/E.
Positive Factors
Improving Revenue and Profitability
The recovery from 2022 losses to positive operating and net margins indicates stronger underlying execution. Sustained revenue growth alongside profitability can support durable earnings expansion if customer retention and fulfillment economics remain healthy.
Negative Factors
Gross Margin Pressure
The sharp gross-margin step-down could indicate input-cost pressure, weaker product mix, pricing limitations, or accounting differences. If persistent, it would constrain contribution margins and reduce the benefit of revenue growth and operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Revenue and Profitability
The recovery from 2022 losses to positive operating and net margins indicates stronger underlying execution. Sustained revenue growth alongside profitability can support durable earnings expansion if customer retention and fulfillment economics remain healthy.
Read all positive factors
Cheffelo AB (CHEF) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.49B
Dividend Yield6.21%
Average Volume (3M)42.10K
Price to Earnings (P/E)17.3
Beta (1Y)0.58
Revenue Growth16.68%
EPS Growth82.94%
CountrySE
Employees410
SectorGeneral
Sector StrengthN/A
IndustryGrocery Stores
Share Statistics
EPS (TTM)6.56
Shares Outstanding13,020,424
10 Day Avg. Volume20,835
30 Day Avg. Volume42,099
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)7.16
Revenue Forecast (FY)kr1.35B
Cheffelo AB Business Overview & Revenue Model
Company Description
Cheffelo AB (publ) engages in the supply and delivery of meal kits to various customers in Sweden, Norway, and Denmark. The company operates under the Linas Matkasse, Godtlevert, Adams Matkasse, and RetNemt brand names. The company was formerly kn...
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
74
Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.30B | 1.19B | 1.06B | 999.72M | 1.08B | 1.39B |
| Gross Profit | 236.35M | 503.87M | 457.10M | 433.19M | -33.70M | 38.67M |
| EBITDA | 158.99M | 115.48M | 93.20M | 82.42M | -97.50M | 93.93M |
| Net Income | 85.13M | 57.46M | 32.42M | 19.30M | -154.56M | 17.36M |
Balance Sheet | ||||||
| Total Assets | 728.42M | 722.08M | 746.12M | 760.92M | 776.07M | 960.86M |
| Cash, Cash Equivalents and Short-Term Investments | 142.35M | 157.07M | 114.21M | 91.92M | 56.00M | 160.73M |
| Total Debt | 78.11M | 82.72M | 110.80M | 132.75M | 152.20M | 117.28M |
| Total Liabilities | 289.86M | 281.76M | 304.01M | 322.37M | 328.48M | 352.81M |
| Stockholders Equity | 438.56M | 440.32M | 442.11M | 438.55M | 447.59M | 608.04M |
Cash Flow | ||||||
| Free Cash Flow | 161.58M | 123.23M | 74.10M | 70.77M | -62.42M | 28.25M |
| Operating Cash Flow | 167.02M | 126.18M | 85.10M | 82.20M | -40.48M | 58.19M |
| Investing Cash Flow | -14.07M | -13.78M | -10.99M | -11.44M | -24.33M | -88.09M |
| Financing Cash Flow | -120.01M | -62.71M | -49.97M | -29.35M | -43.57M | 102.56M |
Cheffelo AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr1.49B | 17.32 | ― | 6.21% | 16.68% | 82.94% | |
62 Neutral | kr435.25M | 15.96 | ― | 1.42% | 21.94% | 53.07% | |
61 Neutral | kr618.19M | -12.65 | ― | 5.23% | -1.18% | -654.08% | |
58 Neutral | kr108.42M | 13.78 | ― | 1.43% | 3.50% | 58.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr56.01B | 22.71 | 35.60% | 3.52% | 3.59% | 14.70% | |
45 Neutral | kr2.08B | -0.29 | -121.71% | 5.38% | -34.74% | -101.66% |
* General Sector Average
SE:CHEF
Cheffelo AB
113.60
50.20
79.18%
SE:AXFO
Axfood AB
255.70
-18.95
-6.90%
SE:NOBI
Nobia AB
13.39
-21.52
-61.65%
SE:NNH
New Nordic Healthbrands AB
17.50
-6.02
-25.58%
SE:ELON
Elon AB
39.20
21.55
122.10%
SE:SNX
Premium Snacks Nordic AB
31.60
-7.66
-19.52%
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.