Clas Ohlson AB (SE:CLAS.B)
:CLAS.B
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Clas Ohlson AB
(CLAS.B)
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Rating:78Outperform
Price Target:
kr445.00
▲(52.71% Upside)
Action:ReiteratedDate:03/12/26
The score is driven primarily by strong financial performance—improved profitability, solid cash conversion, and better leverage—supported by a favorable uptrend in technicals. Valuation is reasonable but not particularly compelling due to a modest dividend yield, and no earnings-call or event catalysts were provided.
Positive Factors
Improved profitability and margins
Margins have meaningfully expanded versus recent history, driven by stronger gross margin and higher TTM revenue. Sustained mid-single-digit to double-digit operating margins support durable earnings power, improving cash generation and the ability to invest in the core retail business over the coming months.
Negative Factors
Profitability cyclicality
Historic swings in profitability, including a notable dip in 2023, indicate that margins and revenues are sensitive to cycle and demand shifts. If macro or category-specific trends reverse, current margin levels and earnings could deteriorate, challenging cash generation and strategic plans over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability and margins
Margins have meaningfully expanded versus recent history, driven by stronger gross margin and higher TTM revenue. Sustained mid-single-digit to double-digit operating margins support durable earnings power, improving cash generation and the ability to invest in the core retail business over the coming months.
Read all positive factors
Clas Ohlson AB (CLAS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr24.16B
Dividend Yield1.88%
Average Volume (3M)90.20K
Price to Earnings (P/E)9.4
Beta (1Y)0.58
Revenue Growth9.30%
EPS Growth38.37%
CountrySE
Employees5,000
SectorConsumer Defensive
Sector Strength42
IndustrySpecialty Retail
Share Statistics
EPS (TTM)8.09
Shares Outstanding59,840,000
10 Day Avg. Volume66,764
30 Day Avg. Volume90,205
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)7.24
Price to Sales (P/S)1.50
P/FCF Ratio10.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr335.00Price Target Upside14.96% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)18.24
Revenue Forecast (FY)kr12.47B
Clas Ohlson AB Business Overview & Revenue Model
Company Description
Clas Ohlson AB is a Swedish retail company that specializes in home improvement, hardware, and household goods. Founded in 1918, the company operates a chain of stores across Sweden, Norway, Finland, and Denmark, offering a wide range of products ...
How the Company Makes Money
Clas Ohlson generates revenue primarily through the sale of its diverse product range in physical and online retail stores. The company's revenue model is based on a mix of direct sales from its stores and e-commerce operations. Key revenue stream...
Clas Ohlson AB Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
74
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.25B | 11.63B | 10.23B | 9.02B | 8.78B | 8.28B |
| Gross Profit | 4.34B | 4.54B | 4.02B | 3.38B | 3.60B | 3.36B |
| EBITDA | 2.01B | 1.94B | 1.45B | 1.08B | 1.47B | 1.32B |
| Net Income | 1.11B | 882.20M | 508.60M | 180.60M | 522.50M | 421.30M |
Balance Sheet | ||||||
| Total Assets | 7.89B | 6.49B | 5.85B | 5.11B | 5.95B | 6.13B |
| Cash, Cash Equivalents and Short-Term Investments | 2.06B | 1.01B | 170.70M | 143.10M | 456.60M | 533.80M |
| Total Debt | 1.87B | 1.70B | 1.84B | 1.88B | 1.79B | 2.04B |
| Total Liabilities | 4.90B | 4.09B | 4.00B | 3.67B | 3.73B | 3.93B |
| Stockholders Equity | 2.99B | 2.40B | 1.85B | 1.44B | 2.22B | 2.19B |
Cash Flow | ||||||
| Free Cash Flow | 1.89B | 1.68B | 1.37B | 817.40M | 833.70M | 1.06B |
| Operating Cash Flow | 2.04B | 1.83B | 1.49B | 940.80M | 986.10M | 1.29B |
| Investing Cash Flow | -255.60M | -156.60M | -553.80M | -123.40M | -157.70M | -227.90M |
| Financing Cash Flow | -977.10M | -828.80M | -909.20M | -1.13B | -909.20M | -605.80M |
Clas Ohlson AB Technical Analysis
Positive
291.40
Price Trends
350.73
Positive
337.74
Positive
338.12
Positive
Market Momentum
2.47
Positive
54.11
Neutral
28.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CLAS.B, the sentiment is Positive. The current price of 291.4 is below the 20-day moving average (MA) of 371.33, below the 50-day MA of 350.73, and below the 200-day MA of 338.12, indicating a bullish trend. The MACD of 2.47 indicates Positive momentum. The RSI at 54.11 is Neutral, neither overbought nor oversold. The STOCH value of 28.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CLAS.B.
Clas Ohlson AB Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr24.16B | 9.43 | 42.23% | 1.88% | 9.30% | 38.37% | |
67 Neutral | kr1.11B | 14.48 | ― | 4.49% | 9.46% | 59.55% | |
64 Neutral | kr1.71B | 13.97 | 51.02% | ― | 12.45% | 118.98% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | kr6.19B | 123.28 | 2.04% | 6.24% | -2.98% | -30.48% | |
53 Neutral | kr4.29B | 36.21 | ― | ― | 5.27% | 15.33% | |
52 Neutral | kr12.90B | 19.42 | 12.33% | 3.12% | 2.80% | -8.84% |
* Consumer Defensive Sector Average
SE:CLAS.B
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Clas Ohlson AB Corporate Events
Clas Ohlson Lifts Sales, Margins and Cash Flow on Strong Nordic and Online Growth
Mar 11, 2026
Clas Ohlson reported a strong third quarter for 2025/26, with net sales up 6% to SEK 4.08 billion, driven by 8% organic growth and robust demand for both seasonal and core product ranges. Operating profit rose to SEK 659 million, lifting the opera...
Clas Ohlson Sets June 2026 Capital Markets Day in Stockholm
Mar 4, 2026
Clas Ohlson has scheduled a Capital Markets Day for investors, analysts and financial media on 3 June 2026 in Stockholm. The event, which will be accessible both in person in central Stockholm and via webcast, is expected to provide deeper insight...
Clas Ohlson Sets Date for Q3 2025/26 Interim Report and Webcast
Feb 25, 2026
Clas Ohlson will publish its interim report for the third quarter of its 2025/26 financial year on 11 March at 7:00 a.m. CET, covering the period from May 2025 to January 2026, with the report and presentation materials available on the company...
Clas Ohlson Breaks SEK 1bn Barrier in January on Strong Organic Growth
Feb 6, 2026
Clas Ohlson reported a strong start to the calendar year with January net sales rising 12% to SEK 1,005m, marking its first-ever January above the SEK 1bn threshold. Growth was driven primarily by 13% organic expansion, aided by an expanded store ...
Clas Ohlson Posts Record December Sales on Strong Nordic Demand
Jan 9, 2026
Clas Ohlson reported its highest-ever monthly sales in December, with net sales rising 5% year-on-year to 1,676 MSEK, driven by 7% organic growth and a net addition of six stores, despite negative currency effects from a weaker Norwegian krone. Fo...
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.