AAK AB (SE:AAK)
:AAK
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AAK AB
(AAK)
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Select Model
Rating:62Neutral
Price Target:
kr237.00
▼(-9.13% Downside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by solid profitability and a healthy balance sheet, offset by materially weaker and volatile cash generation in 2025 and a lack of revenue growth. Technicals are neutral-to-slightly weak (below key longer-term averages with negative MACD), while valuation is reasonable with a modest dividend yield.
Positive Factors
Sustained Operating Profitability
Consistently double-digit operating margins indicate durable unit economics and pricing power in specialty oils. Sustained operating profitability supports reinvestment in R&D and customer solutions, underwriting long-term competitiveness even if top-line growth slows.
Negative Factors
Volatile Cash Generation
A sudden reversal to negative free cash flow in 2025 signals weaker cash conversion or heavier working-capital/investment needs. Persistent cash volatility undermines capacity for consistent shareholder returns, limits crisis buffers and raises funding risk for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Operating Profitability
Consistently double-digit operating margins indicate durable unit economics and pricing power in specialty oils. Sustained operating profitability supports reinvestment in R&D and customer solutions, underwriting long-term competitiveness even if top-line growth slows.
Read all positive factors
AAK AB (AAK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr60.34B
Dividend Yield1.92%
Average Volume (3M)462.66K
Price to Earnings (P/E)20.0
Beta (1Y)0.41
Revenue Growth4.79%
EPS Growth-1.93%
CountrySE
Employees4,000
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)3.63
Shares Outstanding259,629,200
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
kr283.50Price Target Upside8.70% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)14.81
Revenue Forecast (FY)kr46.81B
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
72
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.02B | 45.05B | 46.03B | 50.42B | 35.45B |
| Gross Profit | 4.41B | 13.00B | 11.73B | 9.76B | 7.75B |
| EBITDA | 5.64B | 5.76B | 4.99B | 3.36B | 3.05B |
| Net Income | 3.43B | 3.54B | 2.95B | 1.77B | 1.44B |
Balance Sheet | |||||
| Total Assets | 32.62B | 34.39B | 30.55B | 33.99B | 27.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.57B | 1.91B | 1.50B | 1.51B | 1.00B |
| Total Debt | 5.30B | 3.57B | 4.49B | 7.25B | 4.57B |
| Total Liabilities | 12.65B | 14.24B | 13.38B | 18.91B | 15.34B |
| Stockholders Equity | 19.90B | 20.09B | 17.12B | 15.04B | 11.78B |
Cash Flow | |||||
| Free Cash Flow | -441.00M | 1.11B | 4.07B | -1.30B | -111.00M |
| Operating Cash Flow | 862.00M | 2.35B | 5.31B | -73.00M | 508.00M |
| Investing Cash Flow | -1.29B | -598.00M | -1.20B | -1.23B | -650.00M |
| Financing Cash Flow | 244.00M | -1.33B | -4.06B | 1.79B | -65.00M |
AAK AB Technical Analysis
Negative
260.80
Price Trends
243.26
Negative
253.01
Negative
254.53
Negative
Market Momentum
-5.29
Positive
42.11
Neutral
42.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:AAK, the sentiment is Negative. The current price of 260.8 is above the 20-day moving average (MA) of 233.36, above the 50-day MA of 243.26, and above the 200-day MA of 254.53, indicating a bearish trend. The MACD of -5.29 indicates Positive momentum. The RSI at 42.11 is Neutral, neither overbought nor oversold. The STOCH value of 42.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | kr5.07B | 17.51 | 58.76% | 2.54% | 48.79% | 38.02% | |
70 Outperform | kr14.62B | 14.56 | 14.28% | 2.74% | 0.81% | 57.02% | |
65 Neutral | kr68.00B | 27.92 | 31.10% | 3.05% | 6.28% | -10.08% | |
63 Neutral | kr10.40B | 17.78 | 12.96% | 1.56% | 10.83% | 16.24% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | kr60.34B | 20.04 | 18.20% | 1.92% | 4.79% | -1.93% | |
55 Neutral | kr9.34B | 17.69 | ― | 2.56% | 7.37% | 2.90% |
* Consumer Defensive Sector Average
SE:AAK
AAK AB
232.40
-43.89
-15.89%
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314.70
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50.65
23.09
83.78%
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-8.26%
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18.84%
SE:SCST
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83.60%
AAK AB Corporate Events
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...
AAK Increases Share Capital After Employee Warrant Conversions
Dec 30, 2025
AAK AB has increased its total number of shares and votes during December 2025 by 375,000 following employee participation in its long-term incentive program, Warrants Program series 2022/2027, which allowed conversion of subscription warrants int...
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.