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Kakel Max AB
(KAKEL)
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Rating:63Neutral
Price Target:
kr12.00
▲(27.66% Upside)
Action:Reiterated
Date:08/30/26
The score is primarily supported by improving fundamentals (strong recent revenue growth, solid operating/free cash flow, and low leverage), but it is held back by continued weak profitability and a sharp gross-margin decline. Technical indicators add modest support (price above major moving averages with neutral RSI), while valuation remains a downside factor due to negative earnings and no provided dividend yield.
Positive Factors
Strong Revenue Rebound
The sharp revenue rebound indicates improving demand or execution and can support operating leverage if growth persists. Sustained top-line expansion would strengthen the company’s market position and provide a base for restoring profitability.
Negative Factors
Persistent Unprofitability
Recurring operating and net losses show that revenue growth has not yet translated into sustainable earnings. Continued unprofitability can constrain reinvestment, weaken returns on capital, and reduce the company’s ability to absorb future cost or demand pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Rebound
The sharp revenue rebound indicates improving demand or execution and can support operating leverage if growth persists. Sustained top-line expansion would strengthen the company’s market position and provide a base for restoring profitability.
Read all positive factors
Kakel Max AB (KAKEL) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr32.82M
Dividend Yield19.61%
Average Volume (3M)3.13K
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue Growth16.14%
EPS Growth90.16%
CountrySE
Employees61
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding3,038,818
10 Day Avg. Volume3,660
30 Day Avg. Volume3,128
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)0.54
Price to Sales (P/S)0.15
P/FCF Ratio2.61
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)N/A
Revenue Forecast (FY)N/A
Kakel Max AB Business Overview & Revenue Model
Company Description
Kakel Max AB (publ) operates within the Swedish market for building ceramics. The company supplies a variety of tiles along with other accessories for bathrooms. Its products are distributed through project clients, various retailers, and its own ...
Kakel Max AB Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
76
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 179.56M | 175.38M | 143.48M | 155.29M | 176.21M | 151.14M |
| Gross Profit | 13.76M | 57.20M | 46.30M | 50.81M | 60.38M | 48.91M |
| EBITDA | 7.58M | 4.46M | 3.22M | 8.94M | 13.83M | 8.01M |
| Net Income | -679.00K | -1.41M | -5.51M | 848.00K | 5.36M | 1.39M |
Balance Sheet | ||||||
| Total Assets | 96.32M | 97.12M | 95.33M | 95.71M | 98.67M | 90.90M |
| Cash, Cash Equivalents and Short-Term Investments | 3.12M | 6.72M | 1.59M | 5.36M | 4.92M | 3.85M |
| Total Debt | 1.28M | 13.19M | 16.13M | 14.93M | 11.11M | 14.63M |
| Total Liabilities | 47.43M | 47.19M | 43.99M | 38.86M | 42.67M | 40.31M |
| Stockholders Equity | 48.88M | 49.93M | 51.34M | 56.85M | 56.00M | 50.59M |
Cash Flow | ||||||
| Free Cash Flow | 10.76M | 10.26M | -2.62M | 1.25M | 4.53M | -908.00K |
| Operating Cash Flow | 11.09M | 13.61M | 828.00K | 4.31M | 10.35M | 248.00K |
| Investing Cash Flow | -2.40M | -3.34M | -10.94M | -3.06M | -5.82M | -1.16M |
| Financing Cash Flow | -9.49M | -5.14M | -487.00K | -804.00K | -3.47M | -6.98M |
Kakel Max AB Technical Analysis
Negative
9.40
Price Trends
10.98
Negative
11.03
Negative
10.60
Positive
Market Momentum
-0.06
Positive
43.21
Neutral
23.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KAKEL, the sentiment is Negative. The current price of 9.4 is below the 20-day moving average (MA) of 11.16, below the 50-day MA of 10.98, and below the 200-day MA of 10.60, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.21 is Neutral, neither overbought nor oversold. The STOCH value of 23.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:KAKEL.
Kakel Max AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr10.66B | 20.20 | 9.57% | 2.99% | 4.80% | -6.52% | |
75 Outperform | kr4.40B | 25.74 | 15.87% | 2.25% | 6.17% | 56.62% | |
63 Neutral | kr32.82M | -46.96 | ― | 19.61% | 16.14% | 90.16% | |
60 Neutral | kr374.01M | -58.34 | ― | 29.79% | 31.24% | -39.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr439.87M | -9.55 | ― | 5.23% | -1.18% | -654.08% | |
49 Neutral | kr528.08M | -8.21 | ― | ― | 7.99% | 33.84% |
* General Sector Average
SE:KAKEL
Kakel Max AB
10.80
1.75
19.34%
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104.00
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91.84%
SE:ELON
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29.60
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55.79%
SE:CDON
CDON AB
46.90
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-26.72%
SE:OBAB
Online Brands Nordic AB
14.55
2.35
19.26%
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.