Boozt AB (SE:BOOZT)
:BOOZT
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Boozt AB
(BOOZT)
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Rating:68Neutral
Price Target:
kr124.00
▲(10.22% Upside)
Action:ReiteratedDate:04/27/26
The score is driven by solid financial performance (growth, steady profitability, low leverage) and a supportive earnings update with improved margin guidance and efficiency initiatives. These positives are tempered by a very expensive valuation (high P/E) and technically overbought conditions that raise near-term pullback risk.
Positive Factors
Strong cash generation
Consistently high LTM free cash flow and a cash buffer deliver durable financial flexibility. This enables reinvestment in inventory and logistics, funds shareholder returns via buybacks, and reduces reliance on external financing—supporting medium‑term strategic moves and resilience against cyclical retail swings.
Negative Factors
Margin pressure & sensitivity
Declining gross margin increases structural exposure to cost and mix shocks. With modest net margins, profitability depends on maintaining pricing power, low markdowns and tight logistics. Any sustained increase in freight or discounting could materially compress operating returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently high LTM free cash flow and a cash buffer deliver durable financial flexibility. This enables reinvestment in inventory and logistics, funds shareholder returns via buybacks, and reduces reliance on external financing—supporting medium‑term strategic moves and resilience against cyclical retail swings.
Read all positive factors
Boozt AB (BOOZT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr7.20B
Dividend YieldN/A
Average Volume (3M)115.95K
Price to Earnings (P/E)140.9
Beta (1Y)1.05
Revenue Growth0.17%
EPS Growth-5.89%
CountrySE
Employees1,106
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)0.30
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)6.49
Revenue Forecast (FY)kr8.66B
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:Apr 24, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 14, 2026
Earnings Call Sentiment Positive
The call conveyed a cautiously optimistic tone: management reported a clear recovery in momentum (4% CC growth) driven by an expanded, more inspirational assortment, strong March trading, AI-led efficiency gains, cleaner inventory and an upgraded EBIT margin guidance (+30 bps). Key positives include improved customer engagement (40% more style variants purchased), recommendation CTR uplift (1.5% → 5%), significant AI adoption (40% of customer inquiries), and financial flexibility (SEK 754m LTM FCF and a SEK 200m buyback). Offsetting risks are the soft start to the quarter, FX headwinds that affected reported gross margin (~70 bps), seasonally negative Q1 free cash flow and constrained high-quality inventory for H1 that pushes the substantial upside into H2. Regional and channel weaknesses (Booztlet decline; Finland flat) and hedging costs temper near-term visibility. Overall, the positives (momentum, assortment, tech-driven efficiency, improved guidance and cash returns) outweigh the manageable short-term negatives, with management flagging that the main upside is expected in the second half of the year.Positive Updates
Quarterly Revenue Growth
Q1 2026 constant currency revenue growth of 4%, with March materially stronger after a soft start to the year.
Negative Updates
Weak Start to the Quarter
January and February trading were soft due to cold weather and limited inventory, constraining early-quarter momentum and growth contribution from Q1.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue Growth
Q1 2026 constant currency revenue growth of 4%, with March materially stronger after a soft start to the year.
Read all positive updates
Company Guidance
Management confirmed full-year constant‑currency revenue guidance of 3–8% (now skewed to the high end after Q1’s 4% CC growth) and raised adjusted EBIT margin guidance by 30 bps to 5.6–6.8% (≈SEK 30m uplift) reflecting favorable FX, while noting FX is still expected to be ~1 percentage point negative to revenue for the year with a small negative on EBIT if current rates hold; they aim for a double‑digit growth cadence in H2 and will ramp inventory accordingly (quarterly inventory turnover improved to 0.4). Q1 operational metrics supporting the outlook included 35% more SS26 styles (~135,000 launches) with customers buying 40% more style variants, >100 new brands added (200+ planned for 2026), Boozt +6% CC (Booztlet declining), Norway +13%, women’s active customers +3% in Q1, and cross‑category buyers up 7–9%. Cash/returns guidance and capacity: ended Q1 with SEK 239m cash, repurchased SEK 97m of shares in Q1, initiated a SEK 200m buyback program, reported LTM free cash flow of SEK 754m, and have hedged >50% of NOK exposure. AI and efficiency metrics that underpin margin guidance include 40% of customer service inquiries handled by AI, 20% reduction in manual product categorization, 5–10% added warehouse capacity, recommendation CTR up from 1.5% to 5%, and a 130% higher conversion for users of the Virtual Shopping Assistant.Boozt AB Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.30B | 8.29B | 8.24B | 7.75B | 6.74B | 5.81B |
| Gross Profit | 1.03B | 1.88B | 3.21B | 1.71B | 2.67B | 2.35B |
| EBITDA | 760.00M | 753.00M | 744.00M | 562.00M | 480.60M | 428.00M |
| Net Income | 307.00M | 301.00M | 342.00M | 233.00M | 186.05M | 188.70M |
Balance Sheet | ||||||
| Total Assets | 5.68B | 5.70B | 6.29B | 5.96B | 5.99B | 5.06B |
| Cash, Cash Equivalents and Short-Term Investments | 239.00M | 1.10B | 1.17B | 1.46B | 1.76B | 1.55B |
| Total Debt | 713.00M | 778.00M | 878.00M | 965.00M | 1.11B | 842.60M |
| Total Liabilities | 2.95B | 2.91B | 3.31B | 3.24B | 3.49B | 2.76B |
| Stockholders Equity | 2.73B | 2.79B | 2.98B | 2.72B | 2.50B | 2.18B |
Cash Flow | ||||||
| Free Cash Flow | 807.00M | 985.00M | 14.00M | 9.00M | 285.20M | -131.90M |
| Operating Cash Flow | 927.00M | 1.03B | 251.00M | 130.00M | 805.30M | 244.20M |
| Investing Cash Flow | -176.00M | -161.00M | -239.00M | -124.00M | -715.20M | -609.40M |
| Financing Cash Flow | -902.00M | -942.00M | -299.00M | -321.00M | 119.70M | 216.00M |
Boozt AB Technical Analysis
Positive
112.50
Price Trends
92.26
Positive
98.30
Positive
96.41
Positive
Market Momentum
4.64
Negative
79.05
Negative
84.59
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 95.88, above the 50-day MA of 92.26, and above the 200-day MA of 96.41, indicating a bullish trend. The MACD of 4.64 indicates Negative momentum. The RSI at 79.05 is Negative, neither overbought nor oversold. The STOCH value of 84.59 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | kr7.22B | 12.87 | 25.41% | 2.02% | 4.69% | 2.75% | |
70 Outperform | kr1.71B | 17.16 | 23.44% | 4.95% | 5.48% | 26.69% | |
68 Neutral | kr7.20B | 140.91 | ― | ― | 0.17% | -5.89% | |
64 Neutral | kr1.98B | 19.34 | 51.02% | ― | 15.48% | 101.83% | |
57 Neutral | kr1.14B | 23.88 | 10.85% | 1.87% | 12.89% | 20.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | kr779.17M | -8.55 | ― | ― | 8.14% | 46.36% |
* General Sector Average
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Boozt AB Corporate Events
Boozt launches new SEK 200 million share buyback after completing SEK 800 million capital return
Apr 24, 2026
Boozt AB has completed its previously announced SEK 800 million capital return commitment and is launching a new share buyback programme of up to SEK 200 million, authorised by its 2026 Annual General Meeting. The move underscores the company̵...
Boozt AB Publishes Interim Financial Report for Q1 2026
Apr 23, 2026
Boozt AB has released its interim financial report for the first quarter of 2026, covering the period from 1 January to 31 March. The report includes a CEO commentary, key figures and ratios, and a detailed financial review, along with an outlook ...
Boozt AGM Backs Board, Withholds Dividend and Expands Capital Mandates
Apr 23, 2026
Boozt AB’s annual general meeting approved the 2025 accounts and decided to retain SEK 1.26 billion in available funds, opting against a dividend to support financial flexibility. Shareholders granted discharge from liability to the board an...
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.