SEB SA (SK) AI Stock Analysis

• Market Cap: €2.54B
• Dividend Yield: 5.71%
• Average Volume (3M): 74.88K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.44
• Revenue Growth: 1.71%
• EPS Growth: -67.48%
• Country: FR
• Employees: 32,237
• Sector: Financial
• Sector Strength: 70
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 4.46
• Shares Outstanding: 55,337,770
• 10 Day Avg. Volume: 104,604
• 30 Day Avg. Volume: 74,882
• PEG Ratio: 2.24
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 120.97
• 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: €70.00
• Price Target Upside: 44.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 5.22
• Revenue Forecast (FY): €8.36B

• Rating: 59 Neutral
• Price Target: €56.00 ▲(15.32% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is held back primarily by weakening profitability and especially the sharp deterioration in operating and free cash flow in 2024–2025, which reduces financial flexibility. Offsetting this, technical signals are moderately constructive in the short-to-medium term, and valuation (moderate P/E plus a high dividend yield) provides meaningful support.

Positive Factors

Diversified product mix & dual market focus

SEB's broad product range across small appliances and larger cooking equipment and its presence in both consumer and professional channels create durable demand diversification. This reduces reliance on any single segment, helps smooth revenue cycles, and supports longer-term brand resilience and cross-selling.

Omnichannel distribution and retail partnerships

Established retail, e-commerce and distributor relationships provide stable, repeatable sales channels. Such omnichannel reach improves market access, lowers customer acquisition friction, and sustains product adoption over time versus single-channel competitors, supporting consistent revenue streams.

Moderated leverage and stable equity base

Improved leverage and a stable equity base enhance financial flexibility and capacity to fund product development or strategic initiatives. Lower relative debt reduces refinancing pressure and supports longer-term investment and liquidity cushions despite near-term cash volatility.

Negative Factors

Severe cash flow deterioration

The sharp multi-year fall in operating and free cash flow materially reduces financial flexibility to invest, pay down debt, or fund dividends. Persistent weak FCF constrains strategic options, raises refinancing and working-capital risks, and can force cost cuts or asset sales over time.

Weakened profitability and recent revenue decline

Sustained margin pressure and a drop in revenue reduce internal funding for R&D, marketing and capital expenditure. Lower profitability undermines returns on invested capital and limits the firm's ability to maintain competitive investments, making recovery dependent on structural fixes.

Deteriorating cash conversion and operational volatility

Declining cash conversion signals operational or working-capital issues—inventory, receivables or cost inefficiencies—that can persistently erode free cash. Structural conversion weakness increases funding needs, destabilizes cash flow forecasting, and raises the bar for sustainable margin improvement.

SEB SA Business Overview & Revenue Model

Company Description

SEB SA (SK) is a leading player in the manufacturing and distribution of kitchen appliances, focusing on innovation and quality. The company operates primarily in the home and professional kitchen sectors, offering a wide range of products including small appliances like blenders, food processors, and coffee machines, as well as larger cooking equipment. SEB SA (SK) is known for its commitment to sustainability and user-friendly design, catering to both consumer and commercial markets.

How the Company Makes Money

SEB SA (SK) generates revenue through the sale of its diverse range of kitchen appliances and equipment. The company's revenue model is primarily based on direct sales to consumers via retail partnerships, e-commerce platforms, and its own branded stores. Key revenue streams include the sale of small kitchen appliances, which are often marketed through innovative advertising campaigns and seasonal promotions. Additionally, SEB SA (SK) benefits from partnerships with major retailers and distributors, enhancing its market reach. The company also explores opportunities in product licensing and collaborations with culinary professionals, which contribute to brand visibility and sales growth.

SEB SA Financial Statement Overview

Summary

Financials are mixed: revenue has been relatively stable but weakened in 2025, profitability is down versus 2023, and cash flow is the key risk with operating cash flow and free cash flow falling sharply in 2024–2025 (free cash flow near breakeven in 2025). Leverage has improved versus earlier years, but weaker returns reduce support from the balance sheet.

Income Statement

Revenue has been relatively stable but inconsistent, with strong growth in 2021 followed by flat-to-modest growth in 2022–2024 and a decline in 2025. Profitability weakened versus prior years: net income fell from 386.2M (2023) to 232.0M (2024) before a modest rebound to 244.6M (2025). Margins were solid in 2021–2023, but the 2024 margin profile was notably lower than 2023, indicating pressure on pricing, costs, or mix.

Balance Sheet

Leverage is meaningful but not extreme: debt-to-equity was around ~0.93–1.05 in 2022–2024 (improving from 1.60 in 2020 and 1.28 in 2021), suggesting balance sheet risk has moderated over time. Equity has been relatively steady (~3.2–3.3B in 2022–2025), providing a stable capital base. Returns to shareholders have cooled from 12.1% (2023) to 7.1% (2024), reflecting softer profitability and reducing the balance sheet’s earnings support.

Cash Flow

Cash generation is volatile and recently weak. Operating cash flow dropped sharply from 1.02B (2023) to 532.5M (2024) and then to 204.4M (2025), while free cash flow declined from 845.3M (2023) to 359.0M (2024) and just 22.3M (2025). Cash conversion also deteriorated: free cash flow relative to net income fell from 0.83 (2023) to 0.67 (2024), and the sharp 2025 free-cash-flow contraction raises concerns about working capital swings, investment needs, or reduced operating efficiency.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.17B	8.27B	8.01B	7.96B	8.06B
Gross Profit	582.90M	3.36B	3.18B	3.00B	3.07B
EBITDA	865.20M	804.00M	913.60M	775.70M	959.90M
Net Income	244.60M	232.00M	386.20M	316.20M	453.80M
Balance Sheet
Total Assets	9.51B	9.32B	9.25B	9.13B	10.12B
Cash, Cash Equivalents and Short-Term Investments	1.12B	1.14B	1.53B	1.34B	2.33B
Total Debt	3.46B	3.05B	3.29B	3.31B	3.84B
Total Liabilities	6.03B	5.78B	5.79B	5.68B	6.83B
Stockholders Equity	3.24B	3.28B	3.20B	3.17B	2.99B
Cash Flow
Free Cash Flow	22.30M	359.00M	845.30M	43.20M	360.50M
Operating Cash Flow	204.40M	532.50M	1.02B	276.00M	573.40M
Investing Cash Flow	-295.50M	-361.10M	-355.40M	-366.40M	357.80M
Financing Cash Flow	107.50M	-592.30M	-420.80M	-909.50M	-488.50M

SEB SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 48.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SK, the sentiment is Negative. The current price of 48.56 is below the 20-day moving average (MA) of 51.19, below the 50-day MA of 49.49, and below the 200-day MA of 60.19, indicating a bearish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 35.33 is Neutral, neither overbought nor oversold. The STOCH value of 7.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:SK.

SEB SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
RBO	67 Neutral	€264.41M	19.95	14.30%	3.72%	0.82%	-34.14%
ALU10	60 Neutral	€21.90M	-856.67	―	―	3.32%	-104.56%
SK	59 Neutral	€2.54B	10.31	4.41%	5.71%	1.71%	-67.48%
CBDG	49 Neutral	€6.07B	152.53	―	1.84%	―	―