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Mekonomen AB
(MEKO)
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Rating:51Neutral
Price Target:
kr77.00
â–²(4.76% Upside)
Action:Reiterated
Date:07/24/26
The score is held back primarily by sharply weakened profitability and elevated valuation (P/E ~99), despite strong recent revenue growth and comparatively resilient free cash flow. Technical signals are broadly neutral, offering limited near-term confirmation of a strong trend.
Positive Factors
Strong Revenue Growth
Material top-line expansion indicates continued demand for Mekonomen's aftermarket products and services. Growth across a large Nordic distribution and workshop platform can strengthen scale, supplier purchasing power, and customer reach over the medium term.
Negative Factors
Sharp Profitability Compression
The steep decline in operating and net margins means revenue growth is currently converting poorly into earnings. Persistent cost pressure or higher charges could limit reinvestment capacity and make future profitability less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Material top-line expansion indicates continued demand for Mekonomen's aftermarket products and services. Growth across a large Nordic distribution and workshop platform can strengthen scale, supplier purchasing power, and customer reach over the medium term.
Read all positive factors
Mekonomen AB (MEKO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.20B
Dividend Yield5.23%
Average Volume (3M)65.57K
Price to Earnings (P/E)32.1
Beta (1Y)0.41
Revenue Growth-0.93%
EPS Growth-50.66%
CountrySE
Employees5,800
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)2.32
Shares Outstanding56,416,622
10 Day Avg. Volume68,612
30 Day Avg. Volume65,569
Financial Highlights & Ratios
PEG Ratio-1.24
Price to Book (P/B)0.69
Price to Sales (P/S)0.22
P/FCF Ratio5.08
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)8.02
Revenue Forecast (FY)kr18.40B
Mekonomen AB Business Overview & Revenue Model
Company Description
Based in Stockholm, Sweden, Meko AB (publ) has been active in the automotive aftermarket sector since its inception in 1973. The company offers a broad spectrum of automotive products, including spare parts, consumables, and tools, alongside car a...
How the Company Makes Money
MEKO primarily makes money through the automotive aftermarket value chain by selling products and services tied to vehicle maintenance and repair. Its main revenue stream is the distribution and sale of automotive spare parts, consumables, and acc...
Mekonomen AB Financial Statement Overview
Summary
Income Statement
43
Neutral
Balance Sheet
48
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.28B | 18.37B | 18.55B | 17.28B | 14.39B | 12.55B |
| Gross Profit | 7.83B | 7.88B | 8.29B | 1.16B | 6.65B | 5.84B |
| EBITDA | 1.55B | 1.50B | 1.98B | 1.73B | 1.52B | 1.61B |
| Net Income | 128.00M | 36.00M | 433.00M | 419.00M | 454.00M | 572.00M |
Balance Sheet | ||||||
| Total Assets | 17.27B | 17.52B | 16.91B | 16.04B | 15.77B | 13.23B |
| Cash, Cash Equivalents and Short-Term Investments | 537.00M | 566.00M | 607.00M | 623.00M | 741.00M | 892.00M |
| Total Debt | 6.40B | 6.56B | 5.33B | 5.60B | 5.91B | 4.80B |
| Total Liabilities | 11.01B | 11.51B | 10.29B | 9.87B | 9.85B | 8.00B |
| Stockholders Equity | 6.11B | 5.86B | 6.45B | 6.04B | 5.80B | 5.17B |
Cash Flow | ||||||
| Free Cash Flow | 1.02B | 800.00M | 1.16B | 1.02B | 840.00M | 1.05B |
| Operating Cash Flow | 1.15B | 1.01B | 1.38B | 1.25B | 1.05B | 1.23B |
| Investing Cash Flow | 380.00M | -280.00M | -112.00M | 213.00M | -1.53B | -201.00M |
| Financing Cash Flow | -1.44B | -737.00M | -1.29B | -1.59B | 286.00M | -569.00M |
Mekonomen AB Technical Analysis
Positive
73.50
Price Trends
76.03
Negative
75.25
Negative
72.47
Positive
Market Momentum
-0.64
Negative
49.47
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MEKO, the sentiment is Positive. The current price of 73.5 is below the 20-day moving average (MA) of 73.96, below the 50-day MA of 76.03, and above the 200-day MA of 72.47, indicating a neutral trend. The MACD of -0.64 indicates Negative momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:MEKO.
Mekonomen AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr10.39B | 62.78 | 28.57% | 0.64% | 28.63% | 18.57% | |
68 Neutral | kr3.19B | 13.67 | 9.28% | 3.03% | -0.28% | 51.30% | |
67 Neutral | kr13.43B | 16.16 | 16.75% | 3.98% | 1.89% | 31.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | kr1.48B | -1.42 | -68.99% | 3.90% | -22.70% | -1999.96% | |
51 Neutral | kr4.20B | 32.11 | 2.14% | 5.23% | -0.93% | -50.66% | |
48 Neutral | kr511.57M | -4.36 | -11.64% | 4.39% | -19.07% | 43.95% |
* Consumer Cyclical Sector Average
SE:MEKO
Mekonomen AB
74.50
-5.38
-6.73%
SE:MIPS
MIPS AB
392.40
7.33
1.90%
SE:BOAT
Nimbus Group AB
12.00
-3.15
-20.79%
SE:BILI.A
Bilia AB Class A
147.50
36.24
32.57%
SE:BMAX
Byggmax Group AB
54.40
-0.07
-0.13%
SE:BULTEN
Bulten AB
70.50
15.50
28.18%
Mekonomen AB Corporate Events
MEKO boosts margins and cuts leverage despite flat sales in first half 2026
Jul 23, 2026
MEKO reported modest top-line development for the second quarter of 2026, with net sales up 1 percent to SEK 4,562 million, driven entirely by favorable currency effects as organic growth was flat. Despite subdued revenue momentum, profitability i...
MEKO schedules Q2 2026 interim report and investor webcast
Jul 9, 2026
MEKO AB will publish its interim report for the second quarter of 2026 on July 23 at 07:30 CET and will host an English-language webcast and telephone conference at 09:00 CET the same day, led by President and CEO Pehr Oscarson and CFO Christer Jo...
MEKO Restarts Search for Danish Managing Director After Candidate Withdraws
May 22, 2026
MEKO AB has reversed its previously announced appointment of Mikael Bjørnskov as Managing Director of its Danish operations after both parties reassessed the conditions for the role and Bjørnskov withdrew his candidacy. The company will ...
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.