Mekonomen AB (MEKO) AI Stock Analysis

• Market Cap: kr7.15B
• Dividend Yield: 2.85%
• Average Volume (3M): 35.44K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 0.80
• Revenue Growth: 7.66%
• EPS Growth: 3.45%
• Country: SE
• Employees: 5,616
• Sector: Consumer Cyclical
• Sector Strength: 67
• Industry: Auto - Parts
• EPS (TTM): -0.10
• Shares Outstanding: 56,416,622
• 10 Day Avg. Volume: 35,357
• 30 Day Avg. Volume: 35,444
• PEG Ratio: N/A
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr139.91
• Price Target Upside: 10.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Mekonomen AB's overall stock score reflects strong financial performance with robust revenue growth and efficient cash management. While the technical analysis indicates moderate positive momentum, the valuation is fair without suggesting significant opportunities or risks. The company should prioritize reducing debt levels to enhance financial stability further.

Mekonomen AB Business Overview & Revenue Model

Company Description

Meko AB (publ) operates in the automotive aftermarket business in Sweden, Norway, Denmark, Poland, Estonia, Latvia, Lithuania, and Finland. It provides spare parts, consumables, and tools, as well as workshop services and car accessories under the ProMeister and Carwise brands. The company offers a range of solutions and products for the consumers and companies through its branches, affiliated workshops, and wholesale and logistics operations. It serves customers under the AutoMester, AlltiBil, BilXtra, CarPeople, Din Bilpartner, Hella Servicepartner, Inter Data Service, MECA BIlservice, Mekonomen Bilverkstad, MekoPartner, O.K. Serwis, and Speedy brands. The company was formerly known as Mekonomen AB (publ) and changed its name to Meko AB (publ) in May 2022. Meko AB (publ) was founded in 1973 and is based in Stockholm, Sweden.

How the Company Makes Money

Mekonomen AB generates revenue through multiple streams primarily associated with the automotive aftermarket industry. The company earns money by selling automotive spare parts, accessories, and tools through its extensive network of retail outlets and wholesaling to independent workshops. Additionally, Mekonomen operates its own branded service workshops, which provide maintenance and repair services, further contributing to its revenue. The company also benefits from partnerships and collaborations with car manufacturers and other industry players, which enhance its product offerings and market reach.

Mekonomen AB Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
18.55B	17.28B	14.39B	12.55B	11.76B
	Gross Profit
8.29B	1.16B	6.65B	5.84B	5.45B
	EBIT
902.00M	872.00M	759.00M	894.00M	738.00M
	EBITDA
1.98B	1.73B	1.52B	1.61B	1.54B
	Net Income Common Stockholders
433.00M	419.00M	454.00M	572.00M	432.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
607.00M	623.00M	741.00M	892.00M	420.00M
	Total Assets
16.91B	16.04B	15.77B	13.23B	12.19B
	Total Debt
5.33B	5.61B	5.84B	4.80B	4.69B
	Net Debt
4.72B	4.99B	5.10B	3.91B	4.27B
	Total Liabilities
10.29B	9.87B	9.85B	8.00B	7.60B
	Stockholders Equity
6.62B	6.04B	5.80B	5.17B	4.53B
Cash Flow		Free Cash Flow
1.16B	1.02B	840.00M	1.05B	1.47B
	Operating Cash Flow
1.38B	1.25B	1.05B	1.23B	1.63B
	Investing Cash Flow
-112.00M	213.00M	-1.53B	-201.00M	-186.00M
	Financing Cash Flow
-1.29B	-1.59B	286.00M	-569.00M	-1.34B

Mekonomen AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 127.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 127 is above the 20-day moving average (MA) of 122.62, above the 50-day MA of 122.41, and below the 200-day MA of 128.00, indicating a neutral trend. The MACD of 1.03 indicates Negative momentum. The RSI at 58.31 is Neutral, neither overbought nor oversold. The STOCH value of 69.54 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MEKO	76 Outperform	kr7.15B	16.42	6.82%	2.85%	7.66%	3.45%
Sector *	61 Neutral	$6.93B	11.84	2.89%	3.91%	2.59%	-21.68%

Mekonomen AB Corporate Events

MEKO AB to Present Q1 2025 Interim Report

MEKO AB announced that it will release its Interim Report for the first quarter of 2025 on May 15, followed by a webcast and telephone conference where the company’s President and CEO, Pehr Oscarson, along with CFO Christer Johansson, will present the results and address questions. This event is part of MEKO’s ongoing efforts to maintain transparency and engage with stakeholders, reflecting its commitment to being a leading partner in the automotive service industry.

The most recent analyst rating on (SE:MEKO) stock is a Buy with a SEK140.00 price target. To see the full list of analyst forecasts on Mekonomen AB stock, see the SE:MEKO Stock Forecast page.