SEB SA (SK) AI Stock Analysis

• Market Cap: €2.57B
• Dividend Yield: 5.71%
• Average Volume (3M): 74.88K
• Price to Earnings (P/E): 11.0
• 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): 4.8
• Revenue Forecast (FY): €8.35B

• Rating: 59 Neutral
• Price Target: €49.00 ▲(0.91% 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

Product Range & Market Position

SEB's broad portfolio across consumer and professional kitchen segments, plus emphasis on innovation, sustainability and user-friendly design, supports diversified revenue channels and resilience versus single-product players. Durable brand and channel partnerships sustain market reach over months.

Improving Leverage / Capital Base

Debt-to-equity falling to near 1x and a steady equity base provide financial flexibility and lower solvency risk, enabling SEB to absorb shocks, fund operations or targeted investments without immediate refinancing stress over the next several months.

Positive EPS Trend

Reported EPS growth despite flat-to-slightly-negative revenue indicates operating leverage or effective cost control. This supports continued earnings resilience, dividend capacity and managerial execution focus, helping stabilize fundamentals over a 2–6 month horizon.

Negative Factors

Sharply Deteriorating Cash Flow

The rapid fall in operating and free cash flow materially reduces financial flexibility, constrains reinvestment and dividend funding, and raises the risk that working-capital swings or required capex will force tough trade-offs or external financing within the medium term.

Revenue Weakness & Inconsistency

A 2025 revenue decline after years of inconsistent growth undermines scale benefits and forecasting reliability. Structural demand softness or mix shifts can suppress margins and complicate product investment and channel strategies over the next several months.

Weakened Profitability and Returns

Material decline in net income and lower shareholder returns point to margin pressure and reduced internal capital generation. This limits ability to self-fund strategic initiatives and weakens ROE, creating a persistent headwind for medium-term earnings recovery.

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 51.07, below the 50-day MA of 49.44, and below the 200-day MA of 60.01, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 37.16 is Neutral, neither overbought nor oversold. The STOCH value of 2.50 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	€268.47M	16.76	14.30%	3.72%	0.82%	-34.14%
ALU10	60 Neutral	€20.37M	-10.17	―	―	3.32%	-104.56%
SK	59 Neutral	€2.57B	11.03	4.41%	5.71%	1.71%	-67.48%
CBDG	49 Neutral	€6.13B	69.65	―	1.84%	―	―