AAK AB (SE:AAK)
:AAK
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AAK AB
(AAK)
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Rating:64Neutral
Price Target:
kr288.00
▲(10.43% Upside)
Action:ReiteratedDate:04/30/26
Overall score reflects solid financial stability and profitability (strong balance sheet and ROE), supported by a strong technical uptrend. These positives are offset by weak/volatile operating signals (TTM revenue drop and gross-margin volatility) and inconsistent cash generation, with valuation appearing fair rather than compelling.
Positive Factors
Conservative balance sheet
Low leverage and growing equity provide durable financial flexibility. With debt-to-equity around 0.18–0.27 the company can fund working-capital swings, invest in product development, and withstand cyclical feedstock shocks without immediate refinancing pressure, supporting multi-month resilience.
Negative Factors
Sharp TTM revenue decline
A 77% TTM revenue drop is a material structural risk: it reduces scale economics, strains fixed-cost absorption and covenant headroom, and may reflect lost contracts or demand deterioration. Recovery could take multiple quarters and materially affect sustainable cash generation and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and growing equity provide durable financial flexibility. With debt-to-equity around 0.18–0.27 the company can fund working-capital swings, invest in product development, and withstand cyclical feedstock shocks without immediate refinancing pressure, supporting multi-month resilience.
Read all positive factors
AAK AB (AAK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr69.49B
Dividend Yield1.92%
Average Volume (3M)462.66K
Price to Earnings (P/E)16.4
Beta (1Y)0.38
Revenue Growth-0.02%
EPS Growth-2.42%
CountrySE
Employees4,000
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)13.29
Shares Outstanding260,659,000
10 Day Avg. Volume462,417
30 Day Avg. Volume462,663
Financial Highlights & Ratios
PEG Ratio-5.94
Price to Book (P/B)3.45
Price to Sales (P/S)1.49
P/FCF Ratio-155.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr293.25Price Target Upside12.44% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)14.83
Revenue Forecast (FY)kr47.50B
AAK AB Business Overview & Revenue Model
Company Description
AAK AB (AAK) is a leading provider of value-adding vegetable oils and fats, serving various sectors including food, confectionery, and cosmetics. The company specializes in producing high-quality, customized solutions tailored to meet the specific...
How the Company Makes Money
AAK makes money by selling specialty oils and fat-based ingredients and solutions to business customers, generating revenue primarily from (1) product sales of tailored vegetable oil and fat formulations and (2) service-driven, customer-specific s...
AAK AB Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.67B | 46.02B | 45.05B | 46.03B | 50.42B | 35.45B |
| Gross Profit | 4.27B | 4.46B | 13.00B | 11.73B | 9.76B | 7.75B |
| EBITDA | 5.66B | 5.64B | 5.76B | 4.99B | 3.36B | 3.05B |
| Net Income | 3.46B | 3.43B | 3.54B | 2.95B | 1.77B | 1.44B |
Balance Sheet | ||||||
| Total Assets | 34.76B | 32.62B | 34.39B | 30.55B | 33.99B | 27.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 1.57B | 1.91B | 1.50B | 1.51B | 1.00B |
| Total Debt | 3.90B | 5.30B | 3.57B | 4.49B | 7.25B | 4.57B |
| Total Liabilities | 13.24B | 12.65B | 14.24B | 13.38B | 18.91B | 15.34B |
| Stockholders Equity | 21.45B | 19.90B | 20.09B | 17.12B | 15.04B | 11.78B |
Cash Flow | ||||||
| Free Cash Flow | 1.43B | -441.00M | 1.11B | 4.07B | -1.30B | -111.00M |
| Operating Cash Flow | 2.75B | 862.00M | 2.35B | 5.31B | -73.00M | 508.00M |
| Investing Cash Flow | -1.31B | -1.29B | -598.00M | -1.20B | -1.23B | -650.00M |
| Financing Cash Flow | -1.03B | 244.00M | -1.33B | -4.06B | 1.79B | -65.00M |
AAK AB Technical Analysis
Positive
260.80
Price Trends
241.36
Positive
249.76
Negative
253.66
Negative
Market Momentum
2.09
Negative
59.73
Neutral
44.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AAK, the sentiment is Positive. The current price of 260.8 is above the 20-day moving average (MA) of 237.76, above the 50-day MA of 241.36, and above the 200-day MA of 253.66, indicating a neutral trend. The MACD of 2.09 indicates Negative momentum. The RSI at 59.73 is Neutral, neither overbought nor oversold. The STOCH value of 44.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:AAK.
AAK AB Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr15.40B | 18.03 | 14.28% | 2.74% | 0.47% | 20.22% | |
72 Outperform | kr4.81B | 11.69 | 58.76% | 2.54% | 51.48% | 83.42% | |
68 Neutral | kr11.63B | 16.37 | 12.96% | 1.56% | 15.74% | 15.67% | |
65 Neutral | kr9.60B | 23.89 | ― | 2.56% | 8.70% | 47.82% | |
64 Neutral | kr69.49B | 16.42 | 18.20% | 1.92% | -0.02% | -2.42% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | kr60.00B | 33.20 | 31.10% | 3.05% | 5.73% | 15.74% |
* Consumer Defensive Sector Average
SE:AAK
AAK AB
260.00
21.86
9.18%
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AAK AB Corporate Events
AAK Delivers Solid Q1 2026 Profit Growth Despite Currency Headwinds
Apr 28, 2026
AAK AB reported first-quarter 2026 volumes up 3 percent to 515,000 metric tons, reflecting continued demand growth for its specialty oils and fats portfolio. Despite a 3 percent decline in reported net sales to SEK 11.39 billion due to adverse cur...
AAK Highlights Global Innovation in Plant-Based Oils and Fats
Apr 13, 2026
AAK AB, a specialist in plant-based oils and fats, operates as an ingredient house that tailors functional and sensory properties to meet diverse application needs. With 16 innovation centers worldwide and a decentralized innovation-driven structu...
AAK AB Calls Hybrid Annual General Meeting for May 8, 2026
Apr 7, 2026
AAK AB has called its shareholders to the Annual General Meeting to be held on May 8, 2026, in Malmö, Sweden, with on-site registration starting an hour before proceedings. The meeting will be conducted in a hybrid format, allowing shareholde...
AAK Increases Share Capital Following Employee Warrant Conversions
Mar 31, 2026
AAK AB has increased its total number of shares and votes to 260,659,002 after 108,000 new shares were issued in March 2026 through the conversion of subscription warrants in its employee incentive program, Warrants Program series 2022/2027. The c...
AAK Schedules Investor Call for First-Quarter 2026 Results
Mar 20, 2026
AAK AB, a Malmö-headquartered producer of plant-based oils for food and other consumer applications, positions itself as a co-development partner to customers, using its global network of sales offices, innovation centers, and production faci...
AAK Increases Share Capital After Employee Warrant Conversions
Feb 27, 2026
AAK AB has increased its total number of shares and votes following the exercise of warrants under its long-term incentive program for employees, the Warrants Program series 2022/2027. During February 2026, the program led to the conversion of sub...
AAK Delivers Resilient 2025 Profits Amid Volume Decline and Launches Aggressive Capital Return Program
Feb 5, 2026
AAK reported softer full-year 2025 volumes but resilient profitability, as volumes excluding the divested North American foodservice site in Hillside fell 3 percent to 2.01 million tonnes, while operating profit excluding items affecting comparabi...
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.