Want to see SE:CLAS.B full AI Analyst Report?
Top Page
Clas Ohlson AB
(CLAS.B)
Select Model
Select Model
Rating:75Outperform
Price Target:
kr506.00
▲(8.44% 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 much stronger net and EBIT margins indicates improved operating execution and earnings power. If maintained, this combination can support reinvestment, strengthen the company’s position in practical home-improvement retail, and provide a durable base for earnings growth.
Negative Factors
Historical margin volatility
The sharp 2023 profitability dip shows that earnings quality is not entirely stable across trading conditions. Even after recovery, renewed cost, pricing, or demand pressure could cause substantial swings in profit because retail margins provide limited protection when operating performance weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit growth
Sustained revenue expansion alongside much stronger net and EBIT margins indicates improved operating execution and earnings power. If maintained, this combination can support reinvestment, strengthen the company’s position in practical home-improvement retail, and provide a durable base for earnings growth.
Read all positive factors
Clas Ohlson AB (CLAS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr28.62B
Dividend Yield1.55%
Average Volume (3M)83.90K
Price to Earnings (P/E)22.7
Beta (1Y)0.71
Revenue Growth9.82%
EPS Growth33.55%
CountrySE
Employees5,229
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)19.87
Shares Outstanding59,840,000
10 Day Avg. Volume134,945
30 Day Avg. Volume83,901
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 Target
kr440.00Price Target Upside-5.70% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)22.61
Revenue Forecast (FY)kr14.01B
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 products to consumers through two main channels: (1) physical retail stores and (2) e-commerce (online sales fulfilled via delivery and/or click-and-collect where available). Revenue is generated at the...
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 | 1.45B | 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
426.70
Positive
418.06
Positive
379.79
Positive
Market Momentum
10.34
Negative
54.26
Neutral
55.03
Neutral
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 443.17, above the 50-day MA of 426.70, and above the 200-day MA of 379.79, indicating a bullish trend. The MACD of 10.34 indicates Negative momentum. The RSI at 54.26 is Neutral, neither overbought nor oversold. The STOCH value of 55.03 is Neutral, 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 | kr28.62B | 22.66 | 41.64% | 2.38% | 9.82% | 33.55% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr12.97B | 23.47 | ― | 2.21% | 6.50% | 14.07% | |
53 Neutral | kr118.31M | -25.10 | -4.08% | ― | -13.70% | 92.84% | |
53 Neutral | kr439.87M | -9.55 | ― | 5.23% | -1.18% | -654.08% | |
51 Neutral | kr1.48B | -2.32 | -45.33% | ― | -5.59% | -1230.42% | |
49 Neutral | kr528.08M | -8.21 | ― | ― | 7.99% | 33.84% |
* General Sector Average
SE:CLAS.B
Clas Ohlson AB
450.20
128.07
39.76%
SE:DSNO
Desenio Group AB
0.12
-0.01
-7.69%
SE:KJELL
Kjell Group AB
15.50
7.45
92.50%
SE:ELON
Elon AB
29.60
10.60
55.79%
SE:RUSTA
Rusta AB
84.50
15.49
22.45%
SE:CDON
CDON AB
46.90
-17.10
-26.72%
Clas Ohlson AB Corporate Events
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...
Clas Ohlson posts double-digit summer sales growth but flags currency hedging headwinds
Jul 7, 2026
Clas Ohlson reported a strong start to the summer trading period, with June net sales rising 20% year-on-year to SEK 1,104 million, driven mainly by 14% organic growth and further supported by acquisitions and currency effects. Total net sales for...
Clas Ohlson Details Governance and Sustainability in 2025/26 Annual Report
Jul 3, 2026
Clas Ohlson AB is a Swedish retail company that offers a broad range of practical products for home, electrical, leisure and hardware needs. The group’s operations are documented through an annual report structure that covers its business mo...
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.