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Mekonomen AB
(MEKO)
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Rating:50Neutral
Price Target:
kr69.00
â–¼(-6.12% Downside)
Action:Reiterated
Date:10/24/26
The score is held back primarily by sharply weakened profitability and rising leverage despite strong revenue growth and still-solid free cash flow. Technicals also lean bearish with the stock below key moving averages and a negative MACD. Valuation is balanced between a high P/E and a supportive ~5.66% dividend yield.
Positive Factors
Strong Revenue Growth
Revenue expansion shows that Mekonomen continues to reach customers across its Nordic aftermarket channels despite weaker profitability. A larger sales base can support purchasing scale, broader workshop relationships, and operating leverage if margins stabilize over the next several quarters.
Negative Factors
Severely Compressed Profitability
Very low net and operating margins leave limited room for cost increases, execution mistakes, or softer demand before earnings are materially affected. The decline from historical margins also makes future profits less predictable and weakens the returns generated from the company’s growing revenue base.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue expansion shows that Mekonomen continues to reach customers across its Nordic aftermarket channels despite weaker profitability. A larger sales base can support purchasing scale, broader workshop relationships, and operating leverage if margins stabilize over the next several quarters.
Read all positive factors
Mekonomen AB (MEKO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.93B
Dividend Yield5.59%
Average Volume (3M)97.20K
Price to Earnings (P/E)30.1
Beta (1Y)0.40
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. Volume36,635
30 Day Avg. Volume97,202
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)7.74
Revenue Forecast (FY)kr18.19B
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
Mekonomen makes money primarily through the automotive aftermarket value chain by selling products and enabling repair services. Key revenue streams include: (1) Sale and distribution of spare parts and consumables: The company generates revenue b...
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 | 1.49B | 1.89B | 1.73B | 1.59B | 1.67B |
| 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
70.47
Negative
73.49
Negative
72.05
Negative
Market Momentum
-0.18
Negative
51.64
Neutral
46.46
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 above the 20-day moving average (MA) of 68.49, above the 50-day MA of 70.47, and above the 200-day MA of 72.05, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 51.64 is Neutral, neither overbought nor oversold. The STOCH value of 46.46 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | kr10.86B | 63.63 | 27.68% | 0.61% | 40.83% | 23.91% | |
68 Neutral | kr3.68B | 13.75 | 10.43% | 2.63% | 2.24% | 51.71% | |
63 Neutral | kr12.66B | 15.29 | 16.34% | 4.33% | 0.64% | 15.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | kr500.92M | -6.15 | -8.25% | 4.39% | -12.35% | 29.91% | |
50 Neutral | kr3.93B | 30.09 | 2.14% | 5.59% | -0.93% | -50.66% | |
50 Neutral | kr1.74B | -1.50 | -92.45% | 3.42% | -22.17% | -19131.83% |
* Consumer Cyclical Sector Average
SE:MEKO
Mekonomen AB
69.80
-4.52
-6.08%
SE:MIPS
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409.80
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19.47%
SE:BOAT
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5.86%
SE:BILI.A
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8.98%
SE:BMAX
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37.25%
SE:BULTEN
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70.16%
Mekonomen AB Corporate Events
MEKO AB Sets 2027 AGM Nomination Committee Amid Strong Nordic Aftermarket Presence
Oct 7, 2026
MEKO AB, a market leader in Northern Europe’s independent automotive aftermarket, operates an extensive network of 600 branches and 20,000 workshop customers across eight countries. Through brands including Mekonomen, MECA, FTZ, Inter-Team, ...
MEKO Confirms Andrew Long as Managing Director for Danish Operations
Sep 14, 2026
MEKO AB has appointed Andrew Long as Managing Director of its Danish operations, formalising a role he has held on an interim basis since December 2025. The appointment underscores MEKO’s commitment to consolidating its market-leading positi...
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.