Cloetta AB (CLA.B) AI Stock Analysis

• Market Cap: kr12.03B
• Dividend Yield: 2.74%
• Average Volume (3M): 523.54K
• Price to Earnings (P/E): 16.6
• Beta (1Y): 0.25
• Revenue Growth: 0.81%
• EPS Growth: 57.02%
• Country: SE
• Employees: 2,559
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Confectioners
• EPS (TTM): 0.68
• Shares Outstanding: 282,884,060
• 10 Day Avg. Volume: 306,057
• 30 Day Avg. Volume: 523,545
• PEG Ratio: 1.65
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 11.96
• 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: 73 Outperform
• Price Target: kr43.00 ▲(9.36% Upside)

Cloetta AB's overall stock score reflects strong financial performance and positive earnings call insights, with robust cash flow and strategic market focus. Technical indicators suggest caution due to overbought conditions, and valuation metrics indicate fair pricing. The company's resilience in core markets and commitment to profitable growth are significant strengths, though challenges in non-Nordic markets and high cocoa prices remain concerns.

Positive Factors

Strong Free Cash Flow

Robust free cash flow indicates strong cash generation ability, supporting reinvestment in growth initiatives and providing financial flexibility.

Profitability Improvements

Sustained profitability improvements demonstrate effective cost management and operational efficiency, enhancing long-term financial health.

Successful Product Launches

Successful product launches align with consumer trends, driving revenue growth and strengthening brand positioning in the market.

Negative Factors

Challenges in Non-Nordic Markets

Persistent challenges in non-Nordic markets could hinder revenue diversification and growth, impacting overall market expansion efforts.

Branded Package Segment Decline

Decline in branded package sales suggests potential issues in product appeal or market competition, affecting long-term segment growth.

Impact of High Cocoa Prices

High cocoa prices increase production costs, potentially squeezing margins and necessitating pricing strategies that could impact demand.

Cloetta AB Business Overview & Revenue Model

Company Description

Cloetta AB (publ) operates as a confectionary company. It manufactures and markets chocolate confectionery products, including pralines, chocolate wafers, dragees, plates, and countlines under the Kexchoklad, Polly, Center, Plopp, Tupla, Royal, Sportlunch, Bridge, Lonka, Sinas, Snippers, and Lonka soft nougat brands. The company also provides confectionery products comprising foams, wine gums, liquorice, toffees, hard boiled candies, and lollypops under the Malaco, Red Band, Ahlgrens bilar, Venco, Chewits, and Juleskum brands. In addition, it offers pastilles under the Läkerol, Mynthon, and King brands, as well as chewing gums under the Jenkki, Sportlife, and Xylifresh brands. Further, the company produces and sells dry roasted nuts under the Nutisal brand. It sells its products through a network of grocery retail trade, service trade, e-commerce, and other sales channels. Cloetta AB (publ) was founded in 1862 and is headquartered in Sundbyberg, Sweden.

How the Company Makes Money

Cloetta generates revenue primarily through the sale of its confectionery products across various segments, including retail, food service, and online platforms. The company benefits from multiple revenue streams, including direct sales to retailers, partnerships with distributors, and private label agreements. Key factors contributing to its earnings include brand loyalty, effective marketing strategies, and a robust supply chain that ensures product availability. Additionally, Cloetta focuses on product innovation and expanding its product lines, which helps attract new customers and retain existing ones, thereby enhancing its profitability.

Cloetta AB Financial Statement Overview

Summary

Cloetta AB demonstrates solid financial health with strong operational margins and cash flow generation. The income statement shows a stable gross profit margin and healthy EBIT and EBITDA margins. However, the net profit margin is relatively low, and the recent revenue decline is a concern. The balance sheet reflects a moderate debt-to-equity ratio, and cash flow is robust with significant free cash flow growth.

Income Statement

Cloetta AB's income statement shows a stable gross profit margin of 35.6% in TTM, indicating efficient production processes. However, the net profit margin is relatively low at 7.6%, suggesting room for improvement in cost management. The revenue growth rate is negative at -22.1% for TTM, which is a concern, but historical data shows positive growth trends. EBIT and EBITDA margins are healthy, indicating strong operational performance.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.454, indicating a balanced approach to leveraging. Return on equity is solid at 12.2%, showcasing effective use of equity to generate profits. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.

Cash Flow

Cloetta AB's cash flow statement is strong, with a significant free cash flow growth rate of 19.2% in TTM, indicating robust cash generation capabilities. The operating cash flow to net income ratio is 0.19, suggesting efficient conversion of income to cash. The free cash flow to net income ratio is high at 82.3%, reflecting strong cash retention from profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.58B	8.61B	8.30B	6.87B	6.05B	5.70B
Gross Profit	3.05B	2.87B	2.60B	2.13B	2.15B	1.98B
EBITDA	1.23B	1.14B	1.05B	661.00M	854.00M	702.00M
Net Income	716.00M	477.00M	437.00M	275.00M	472.00M	265.00M
Balance Sheet
Total Assets	10.34B	11.14B	10.68B	10.32B	9.55B	9.26B
Cash, Cash Equivalents and Short-Term Investments	339.00M	953.00M	658.00M	583.00M	692.00M	396.00M
Total Debt	1.64B	2.51B	2.48B	2.48B	2.37B	2.48B
Total Liabilities	4.77B	5.71B	5.58B	5.32B	5.03B	5.08B
Stockholders Equity	5.57B	5.43B	5.10B	4.99B	4.51B	4.18B
Cash Flow
Free Cash Flow	794.00M	602.00M	496.00M	305.00M	664.00M	366.00M
Operating Cash Flow	940.00M	765.00M	778.00M	519.00M	858.00M	656.00M
Investing Cash Flow	-133.00M	-91.00M	-280.00M	-213.00M	-191.00M	-289.00M
Financing Cash Flow	-1.20B	-367.00M	-379.00M	-406.00M	-436.00M	-476.00M

Cloetta AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CLA.B, the sentiment is Positive. The current price of 39.32 is below the 20-day moving average (MA) of 39.90, above the 50-day MA of 37.66, and above the 200-day MA of 33.56, indicating a bullish trend. The MACD of 0.97 indicates Negative momentum. The RSI at 76.40 is Negative, neither overbought nor oversold. The STOCH value of 91.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CLA.B.

Cloetta AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLA.B	73 Outperform	kr12.03B	16.59	12.72%	2.74%	0.81%	57.02%
DUNI	71 Outperform	kr5.03B	15.38	9.65%	4.83%	3.79%	39.15%
VIVA	71 Outperform	kr3.20B	18.55	―	4.40%	19.47%	46.15%
SCST	68 Neutral	kr6.44B	20.80	―	2.56%	7.37%	2.90%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HUMBLE	59 Neutral	kr3.50B	79.43	0.87%	―	5.99%	-38.16%
MSON.B	58 Neutral	kr1.29B	-323.64	-0.17%	2.34%	-2.95%	-112.90%

Cloetta AB Corporate Events

Cloetta AB Reports Strong Profitability Growth in Q3 2025

Cloetta AB reported a strong increase in profitability for the July-September 2025 quarter, driven by strategic focus on margin enhancement and cost control, despite a slight decline in net sales. The company is on track to meet its mid-term EBIT margin target of 12% by 2027, with notable growth in its Pick & mix segment and improved operating profits.

The most recent analyst rating on ($SE:CLA.B) stock is a Buy with a SEK41.00 price target. To see the full list of analyst forecasts on Cloetta AB stock, see the SE:CLA.B Stock Forecast page.