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Clas Ohlson AB
(CLAS.B)
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Rating:75Outperform
Price Target:
kr549.00
▲(17.66% Upside)
Action:Upgraded
Date:09/06/26
The score is driven primarily by strong financial performance—materially improved margins, healthier leverage, and robust free cash flow. Technicals add support via a clear uptrend and positive momentum without overbought signals. Valuation is the main constraint, with a mid-20s P/E and a modest dividend yield limiting upside on a purely valuation basis.
Positive Factors
Revenue and profit growth
Sustained revenue expansion alongside materially higher net and EBIT margins indicates stronger earnings power than in earlier periods. If maintained, this combination gives Clas Ohlson greater capacity to fund operations, absorb normal retail volatility, and reinvest in its store and e-commerce model.
Negative Factors
Margin volatility
The sharp historical margin swing shows that profitability has not been consistently stable across the cycle. Although current margins are strong, a recurrence of the earlier deterioration would reduce earnings resilience and could limit the cash available for reinvestment, debt management, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit growth
Sustained revenue expansion alongside materially higher net and EBIT margins indicates stronger earnings power than in earlier periods. If maintained, this combination gives Clas Ohlson greater capacity to fund operations, absorb normal retail volatility, and reinvest in its store and e-commerce model.
Read all positive factors
Clas Ohlson AB (CLAS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr31.02B
Dividend Yield1.41%
Average Volume (3M)66.83K
Price to Earnings (P/E)24.6
Beta (1Y)0.63
Revenue Growth9.82%
EPS Growth33.55%
CountrySE
Employees5,500
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)19.87
Shares Outstanding59,840,000
10 Day Avg. Volume57,739
30 Day Avg. Volume66,834
Financial Highlights & Ratios
PEG Ratio0.67
Price to Book (P/B)8.02
Price to Sales (P/S)2.02
P/FCF Ratio13.06
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)22.62
Revenue Forecast (FY)kr14.12B
Clas Ohlson AB Business Overview & Revenue Model
Company Description
Clas Ohlson AB (publ) operates as a retail enterprise with a presence in Sweden and several other international markets. The company supplies a wide variety of goods, encompassing hardware, electrical appliances, multimedia products, home essentia...
How the Company Makes Money
Clas Ohlson makes money primarily by selling physical consumer goods at retail prices through a multi-channel model: (1) brick-and-mortar retail stores and (2) online sales via its e-commerce platforms. Revenue is generated when the company purcha...
Clas Ohlson AB Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.98B | 12.51B | 11.63B | 10.23B | 9.02B | 8.78B |
| Gross Profit | 3.83B | 5.97B | 4.54B | 4.02B | 3.38B | 3.60B |
| EBITDA | 2.38B | 2.25B | 1.94B | 1.61B | 1.08B | 1.47B |
| Net Income | 1.26B | 1.17B | 882.20M | 508.60M | 180.60M | 522.50M |
Balance Sheet | ||||||
| Total Assets | 8.56B | 7.89B | 6.49B | 5.85B | 5.11B | 5.95B |
| Cash, Cash Equivalents and Short-Term Investments | 2.20B | 1.84B | 1.01B | 170.70M | 143.10M | 456.60M |
| Total Debt | 1.86B | 1.90B | 1.70B | 1.84B | 1.88B | 1.79B |
| Total Liabilities | 5.06B | 4.73B | 4.09B | 4.00B | 3.67B | 3.73B |
| Stockholders Equity | 3.49B | 3.15B | 2.40B | 1.85B | 1.44B | 2.22B |
Cash Flow | ||||||
| Free Cash Flow | 2.04B | 1.94B | 1.68B | 1.37B | 817.40M | 833.70M |
| Operating Cash Flow | 2.31B | 2.12B | 1.83B | 1.49B | 940.80M | 986.10M |
| Investing Cash Flow | -447.20M | -312.70M | -156.60M | -553.80M | -123.40M | -157.70M |
| Financing Cash Flow | -984.90M | -982.40M | -828.80M | -909.20M | -1.13B | -909.20M |
Clas Ohlson AB Technical Analysis
Positive
466.60
Price Trends
442.20
Positive
426.05
Positive
397.14
Positive
Market Momentum
14.89
Negative
71.01
Negative
92.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CLAS.B, the sentiment is Positive. The current price of 466.6 is above the 20-day moving average (MA) of 457.75, above the 50-day MA of 442.20, and above the 200-day MA of 397.14, indicating a bullish trend. The MACD of 14.89 indicates Negative momentum. The RSI at 71.01 is Negative, neither overbought nor oversold. The STOCH value of 92.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CLAS.B.
Clas Ohlson AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr31.02B | 24.56 | 41.64% | 1.41% | 9.82% | 33.55% | |
61 Neutral | kr12.51B | 21.11 | ― | 2.21% | 8.20% | 40.01% | |
59 Neutral | kr658.31M | -14.29 | ― | 5.23% | -1.18% | -654.08% | |
58 Neutral | kr539.34M | -6.76 | ― | ― | 7.12% | 8.47% | |
56 Neutral | kr121.26M | -51.46 | -2.54% | ― | -8.90% | 67.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr1.86B | -53.59 | -2.25% | ― | -2.34% | 93.68% |
* General Sector Average
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Clas Ohlson AB Corporate Events
Clas Ohlson Posts Double-Digit Sales Growth on Organic Momentum and Acquisitions
Oct 7, 2026
Clas Ohlson reported a strong September with net sales rising 19% year-on-year to SEK 1,119 million, driven primarily by 12% organic growth, alongside acquisition and currency tailwinds. The store base increased by 10 units to 252 locations, under...
Clas Ohlson reports management share sales linked to LTIP 2023
Sep 18, 2026
Clas Ohlson has disclosed that members of its Group Management have sold shares in the company following allocations from the share-based LTIP 2023 incentive programme, which has recently concluded. The transactions were mainly executed to cover t...
Clas Ohlson AGM Approves SEK 14 Dividend and New Long-Term Incentive Plan
Sep 11, 2026
Clas Ohlson AB held its Annual General Meeting for the 2025/26 financial year on 11 September 2026, where shareholders approved the company’s balance sheet and income statement and backed a substantial total dividend of SEK 14 per share, spl...
Clas Ohlson Delivers Best‑Ever First Quarter on Strong Organic and Online Growth
Sep 3, 2026
Clas Ohlson reported its strongest first quarter ever, with net sales up 16% to 3,278 MSEK and operating profit up 42% to 393 MSEK, driven by 11% organic growth, expanding online sales and robust demand across all five prioritised product niches. ...
Clas Ohlson Schedules Q1 2026/27 Interim Report and Webcast Presentation
Aug 20, 2026
Clas Ohlson has announced that it will publish its interim report for the first quarter of the 2026/27 financial year, covering the period from May to July 2026, on 3 September. The company will host a webcasted presentation in English that mornin...
Clas Ohlson posts double-digit summer sales growth on organic gains and acquisitions
Aug 7, 2026
Nordic retailer Clas Ohlson reported a strong July, with net sales rising 15 per cent year-on-year to 1,164 MSEK, driven primarily by 10 per cent organic growth and supported by acquisitions and positive currency effects. The company’s store...
Clas Ohlson Sets September Date for Annual General Meeting
Aug 5, 2026
Clas Ohlson AB has called its shareholders to the Annual General Meeting, which will be held on 11 September 2026 at Tegera Arena in Leksand, Sweden. The meeting will allow both physical attendance and postal advance voting, reflecting the company...
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.