Boozt AB (SE:BOOZT)
:BOOZT
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Boozt AB
(BOOZT)
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Rating:68Neutral
Price Target:
kr94.00
▼(-16.44% Downside)
Action:DowngradedDate:02/08/26
The score is driven mainly by solid financial performance (notably strong 2025 cash flow and manageable leverage) and a constructive earnings outlook with significant buybacks, partially offset by gross-margin risk and historically volatile cash flow. Technical indicators are mixed with negative momentum signals, and valuation appears fair rather than compelling at a ~20 P/E with no dividend support shown.
Positive Factors
Strong free cash flow and net cash position
Sustained, very strong free cash flow strengthens financial flexibility: it funds buybacks, targeted capex, inventory rebuilds and marketing without needing external financing. Over 2–6 months this reduces refinancing risk and enables investment in growth initiatives and shareholder returns.
Negative Factors
Gross-margin pressure from promotions and FX
Structural margin risk arises if promotional intensity and adverse currency moves persist. Over the next several months, sustained promotions to defend volume or unfavorable FX rates can compress gross margin, forcing harder trade-offs between market share, pricing and long-term margin targets.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow and net cash position
Sustained, very strong free cash flow strengthens financial flexibility: it funds buybacks, targeted capex, inventory rebuilds and marketing without needing external financing. Over 2–6 months this reduces refinancing risk and enables investment in growth initiatives and shareholder returns.
Read all positive factors
Boozt AB (BOOZT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.06B
Dividend YieldN/A
Average Volume (3M)115.95K
Price to Earnings (P/E)8.9
Beta (1Y)1.06
Revenue Growth1.54%
EPS Growth72.94%
CountrySE
Employees1,106
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)3.58
Shares Outstanding63,864,105
10 Day Avg. Volume99,121
30 Day Avg. Volume115,953
Financial Highlights & Ratios
PEG Ratio-2.82
Price to Book (P/B)2.55
Price to Sales (P/S)0.86
P/FCF Ratio7.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr113.00Price Target Upside0.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.79
Revenue Forecast (FY)kr8.60B
Boozt AB Business Overview & Revenue Model
Company Description
Boozt AB (publ), together with its subsidiaries, sells fashion, apparel, shoes, , accessories, and beauty products online. It operates through three segments: Boozt.com, Booztlet.com, and Other. The company operates Boozt.com, a multi-brand websto...
How the Company Makes Money
Boozt makes money primarily by selling goods online. Its core revenue stream is net merchandise sales generated when customers purchase products on its platforms (primarily Boozt.com for full-price retail and Booztlet.com for off-price/discounted ...
Boozt AB Earnings Call Summary
Earnings Call Date:Feb 06, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Positive
The call presents a predominantly constructive outlook: management highlighted tangible operational progress (record cash generation, improved margins, AI-driven efficiencies), concrete shareholder returns (large buybacks) and a clear offensive plan for 2026 (inventory rebuild, premium positioning, Club Boozt relaunch and AI initiatives). Key risks remain notable—material FX headwinds, gross-margin pressure from promotions, intentional short-term growth drag from Booztlet and near-term cash timing effects (exit tax, HQ move). Overall, the positives (strong cash, profitability gains, strategic clarity and technology-driven efficiency) appear to outweigh the manageable near-term negatives.Positive Updates
Revenue Growth and Momentum
Net revenue grew 4% in constant currency in Q4 with a slight acceleration versus Q3. Boozt.com delivered stronger momentum (cited 7% local currency growth in Q4). Management expects acceleration through 2026 with guidance of 3%–8% constant currency growth for the year and a plan to return to double-digit growth by late 2026/2027.
Negative Updates
Currency (FX) Headwinds
Significant FX drag due to SEK appreciation: management estimates more than SEK 160 million of lost revenue in 2025 from currency movements. Current FX rates imply ~2 percentage points negative impact on group revenue for 2026 and an estimated ~0.6 percentage point negative impact on EBIT margin.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth and Momentum
Net revenue grew 4% in constant currency in Q4 with a slight acceleration versus Q3. Boozt.com delivered stronger momentum (cited 7% local currency growth in Q4). Management expects acceleration through 2026 with guidance of 3%–8% constant currency growth for the year and a plan to return to double-digit growth by late 2026/2027.
Read all positive updates
Company Guidance
Management guided 2026 to constant‑currency net revenue growth of 3–8% and an adjusted EBIT margin of 5.3–6.5% (guidance already factors in FX headwinds), with growth momentum expected to accelerate through the year toward double‑digit growth in H2 and a mid‑term ambition of 10% EBIT; they expect at least a 20bp margin improvement at the low end of the revenue range and further operational leverage on higher revenue. Management warned FX will shave more than ~2 percentage points off group revenue (EUR/DKK down ~4% vs 2025 average, ~50% of revenue) and roughly 0.6ppt off EBIT at current rates. CapEx is guided at SEK 165–185m (including a SEK 40m one‑off insurance compliance spend and SEK 40–50m warehouse investments), cash conversion is expected around ~70% (2025 included a record FCF year with >SEK 1bn in the quarter), free cash flow in 2026 will be relatively moderate due to timing items and moving costs, and an exit‑tax cash outflow of SEK 180m (SEK 112m payable in 2026) creates a multi‑year tax asset. Finally, they plan to return capital (SEK 300m in buybacks in 2026, >5% of market cap; combined buybacks ~SEK 750m for ’25–’26, ~14% of market cap), expect admin cost ratio to rise ~0.5pp (HQ move adds SEK 10–15m in salary conversion costs offset by lower social charges on LTIP) and will fund inventory, people and commercial initiatives (e.g., Club Boozt relaunch in April) to drive the plan.Boozt AB Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
74
Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.29B | 8.24B | 7.75B | 6.74B | 5.81B |
| Gross Profit | 1.88B | 3.21B | 1.71B | 2.67B | 2.35B |
| EBITDA | 753.00M | 744.00M | 562.00M | 480.60M | 428.00M |
| Net Income | 301.00M | 342.00M | 233.00M | 186.05M | 188.70M |
Balance Sheet | |||||
| Total Assets | 5.70B | 6.29B | 5.96B | 5.99B | 5.06B |
| Cash, Cash Equivalents and Short-Term Investments | 1.10B | 1.17B | 1.46B | 1.76B | 1.55B |
| Total Debt | 778.00M | 878.00M | 965.00M | 1.11B | 842.60M |
| Total Liabilities | 2.91B | 3.31B | 3.24B | 3.49B | 2.76B |
| Stockholders Equity | 2.79B | 2.98B | 2.72B | 2.50B | 2.18B |
Cash Flow | |||||
| Free Cash Flow | 985.00M | 14.00M | 9.00M | 285.20M | -131.90M |
| Operating Cash Flow | 1.03B | 251.00M | 130.00M | 805.30M | 244.20M |
| Investing Cash Flow | -161.00M | -239.00M | -124.00M | -715.20M | -609.40M |
| Financing Cash Flow | -942.00M | -299.00M | -321.00M | 119.70M | 216.00M |
Boozt AB Technical Analysis
Positive
112.50
Price Trends
90.30
Positive
98.54
Negative
95.37
Positive
Market Momentum
1.00
Negative
66.36
Neutral
90.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BOOZT, the sentiment is Positive. The current price of 112.5 is above the 20-day moving average (MA) of 90.03, above the 50-day MA of 90.30, and above the 200-day MA of 95.37, indicating a bullish trend. The MACD of 1.00 indicates Negative momentum. The RSI at 66.36 is Neutral, neither overbought nor oversold. The STOCH value of 90.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BOOZT.
Boozt AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr6.93B | 12.87 | 25.41% | 2.02% | 6.44% | 0.49% | |
70 Outperform | kr1.79B | 17.16 | 23.44% | 4.95% | 9.20% | 11.72% | |
68 Neutral | kr6.06B | 8.86 | ― | ― | 1.54% | 72.94% | |
64 Neutral | kr1.66B | 13.97 | 51.02% | ― | 12.45% | 118.98% | |
57 Neutral | kr1.19B | 23.88 | 10.85% | 1.87% | 11.38% | 16.09% | |
56 Neutral | kr785.93M | -12.12 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Boozt AB Corporate Events
Boozt AB Releases Comprehensive 2025 Annual Report for Boozt Group
Mar 23, 2026
Boozt AB has published its 2025 annual report for the Boozt Group, providing shareholders with a comprehensive overview of the year’s performance and strategic direction. The report includes key sections on the company’s business model...
Boozt AB Calls 2026 AGM With Expanded Postal Voting Options
Mar 23, 2026
Boozt AB has convened its Annual General Meeting for 23 April 2026 in Malmö and will allow shareholders to participate either in person, by proxy, or via postal voting in line with its articles of association. The notice sets out detailed reg...
Boozt Strengthens Board With New E-Commerce and Capital Markets Expertise
Mar 16, 2026
Boozt AB’s Nomination Committee has proposed the re-election of existing board members Henrik Theilbjørn, Jón Björnsson, Cecilia Lannebo, Julie Wiese and Fiona Mullan, alongside the election of Hans J. Carstensen and Johannes ...
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.