Cedergrenska AB (CEDER) AI Stock Analysis

• Market Cap: kr470.99M
• Dividend Yield: 9.52%
• Average Volume (3M): 8.42K
• Price to Earnings (P/E): 30.0
• Beta (1Y): 0.46
• Revenue Growth: 45.29%
• EPS Growth: 151.67%
• Country: SE
• Employees: 1,198
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): 0.41
• Shares Outstanding: 12,660,939
• 10 Day Avg. Volume: 7,199
• 30 Day Avg. Volume: 8,420
• PEG Ratio: 0.10
• Price to Book (P/B): 2.44
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 6.18
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: kr42.00 ▼(-12.50% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by improving financial performance—revenue growth, a return to profitability, and strong free cash flow—partly offset by rising leverage and thin net margins. Technical indicators are currently a headwind (below key moving averages with negative MACD), while valuation is supported by a very high dividend yield despite a relatively high P/E.

Positive Factors

Free cash flow generation

Sustained, high free cash flow (≈86m TTM) and near-parity FCF-to-net-income (~0.95) provide durable internal funding for capex, dividends and deleveraging. Strong cash conversion improves financial resilience and reduces reliance on external financing over the medium term.

Revenue growth and profitability rebound

Double-digit top-line growth and a return to net profitability signal recovering demand and tighter cost control. This sustained improvement supports operating leverage, reduces structural loss risk, and makes earnings generation more predictable over the next several quarters.

Improving returns and operating margin

A notable rise in ROE (≈19% TTM) alongside an improved EBIT margin (~4.2%) indicates better capital efficiency and operational improvement. These metrics point to a structurally stronger business model able to extract more profit from revenue as scale and mix improvements persist.

Negative Factors

Rising leverage

Leverage doubling to about 1.0x D/E reduces balance-sheet flexibility and raises refinancing and interest-rate sensitivity. With higher debt, the company is more exposed to demand shocks or margin compression, which could constrain investment, dividends or strategic options over the medium term.

Thin net margins and margin volatility

Very thin net margins (~2.2% TTM) and reported gross-margin swings mean earnings are highly sensitive to cost inflation or pricing pressure. Even modest adverse shifts in costs or enrollment can materially erode profitability and cash flow sustainability over the next several quarters.

Inconsistent cash coverage and working-capital volatility

Operating cash coverage has been uneven (≈0.75 TTM), reflecting working-capital timing and volatility. This reduces predictability of free cash flow, complicates planning for debt service or dividends, and heightens risk when paired with the company’s higher leverage.

Cedergrenska AB Business Overview & Revenue Model

Company Description

Cedergrenska AB (publ) provides preschool and post-secondary education services. The company operates primary schools, preschools, marine polytechnic schools, and gymnasiums, as well as provides teacher trainee programs. It operates through 24 schools and preschools in Sweden. The company was founded in 2017 and is based in Stocksund, Sweden.

How the Company Makes Money

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Cedergrenska AB Financial Statement Overview

Summary

Fundamentals are improving: revenue is up ~10.3% (TTM) and profitability has rebounded from a 2023 loss to positive net income with a healthier EBIT margin (~4.2%). Free cash flow is a major strength (~86m TTM) with solid cash conversion (~0.95 FCF/NI). Offsets are still-thin net margins (~2.2%) and higher leverage (debt-to-equity ~1.0), which increases sensitivity to margin or demand weakness.

Income Statement

Top-line momentum is solid, with revenue up 10.3% in TTM (Trailing-Twelve-Months) and a strong multi-year step-up versus 2021. Profitability has improved meaningfully from the 2023 loss to positive net income in 2024–TTM, and operating profitability is now healthier (TTM EBIT margin ~4.2%). Offsetting this, net margins remain thin (TTM ~2.2%) and gross margin volatility (notably higher in 2025 annual vs TTM) suggests earnings can be sensitive to cost pressures.

Balance Sheet

Returns have improved alongside the earnings recovery, with return on equity rising to ~19.0% in TTM (Trailing-Twelve-Months) from negative in 2023. However, leverage has increased: debt-to-equity moved up to ~1.0 in TTM from ~0.50 in the latest annual period and far lower levels in 2024, reducing balance-sheet flexibility. Equity remains positive, but the higher debt load raises risk if margins or enrollment trends soften.

Cash Flow

Cash generation is a key strength: operating cash flow is strong in TTM (Trailing-Twelve-Months) (~104m) with solid free cash flow (~86m), and free cash flow growth is very high versus the prior period. Cash conversion is healthy, with free cash flow close to reported earnings (free cash flow to net income ~0.95). A watch-out is that cash flow coverage versus operating profit is not consistently strong (TTM coverage ~0.75; lower in prior annual periods), implying working-capital timing and volatility can meaningfully influence cash results.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2022	Jun 2021
Income Statement
Total Revenue	1.50B	1.23B	845.32M	817.27M	733.46M	577.62M
Gross Profit	374.99M	396.35M	211.15M	186.35M	180.23M	162.63M
EBITDA	107.85M	105.82M	66.53M	47.78M	54.48M	52.71M
Net Income	32.76M	20.52M	6.57M	-6.99M	2.26M	15.48M
Balance Sheet
Total Assets	458.90M	466.42M	296.09M	301.63M	344.60M	340.97M
Cash, Cash Equivalents and Short-Term Investments	36.70M	128.60M	61.66M	34.96M	41.98M	78.67M
Total Debt	117.80M	90.39M	25.06M	49.69M	78.57M	87.02M
Total Liabilities	340.30M	286.62M	161.47M	168.37M	204.35M	202.87M
Stockholders Equity	119.40M	179.01M	134.53M	132.99M	139.98M	137.81M
Cash Flow
Free Cash Flow	85.61M	70.59M	67.98M	17.77M	31.77M	32.73M
Operating Cash Flow	104.04M	81.69M	77.27M	23.31M	41.73M	46.94M
Investing Cash Flow	-103.40M	-27.80M	-20.14M	-1.45M	-69.97M	-50.22M
Financing Cash Flow	-31.23M	13.05M	-30.43M	-28.88M	-8.45M	59.92M

Cedergrenska AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 48.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CEDER, the sentiment is Negative. The current price of 48 is above the 20-day moving average (MA) of 39.90, above the 50-day MA of 41.17, and above the 200-day MA of 39.12, indicating a bearish trend. The MACD of -0.94 indicates Positive momentum. The RSI at 39.21 is Neutral, neither overbought nor oversold. The STOCH value of 37.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CEDER.

Cedergrenska AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CEDER	65 Neutral	kr470.99M	29.95	18.97%	9.52%	45.29%	151.67%
ACAD	64 Neutral	kr9.86B	12.30	12.65%	2.31%	9.02%	29.93%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TELLUS	54 Neutral	kr106.58M	20.53	128.49%	―	8.31%	―