Clas Ohlson AB (SE:CLAS.B)
:CLAS.B
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Clas Ohlson AB
(CLAS.B)
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Rating:67Neutral
Price Target:
kr439.00
▲(50.65% Upside)
Action:Downgraded
Date:06/04/26
The score is primarily supported by strong financial performance, led by a sharp post-2023 profitability rebound and robust free cash flow. This is tempered by weak near-term technical momentum (price below short-term moving averages and subdued RSI/Stoch) and a moderate valuation (P/E ~21.6 with a ~1.86% dividend yield).
Positive Factors
Strong free cash flow
Sustained free cash flow expansion supports reinvestment in e-commerce and stores, funds discretionary returns or M&A, and provides a durable buffer against cyclical retail weakness. High FCF relative to earnings indicates quality earnings and long-term financial flexibility.
Negative Factors
Margin volatility
Historic swings in gross and net margins reduce predictability of earnings and cash flow, complicating capital allocation and guidance. Persistent margin variability raises execution risk if input costs, sourcing, or competitive pricing pressure recur over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained free cash flow expansion supports reinvestment in e-commerce and stores, funds discretionary returns or M&A, and provides a durable buffer against cyclical retail weakness. High FCF relative to earnings indicates quality earnings and long-term financial flexibility.
Read all positive factors
Clas Ohlson AB (CLAS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr25.72B
Dividend Yield1.88%
Average Volume (3M)90.20K
Price to Earnings (P/E)22.0
Beta (1Y)0.69
Revenue Growth7.63%
EPS Growth32.28%
CountrySE
Employees5,000
SectorConsumer Defensive
Sector Strength42
IndustrySpecialty Retail
Share Statistics
EPS (TTM)18.39
Shares Outstanding59,840,000
10 Day Avg. Volume66,764
30 Day Avg. Volume90,205
Financial Highlights & Ratios
PEG Ratio0.67
Price to Book (P/B)8.02
Price to Sales (P/S)2.02
P/FCF Ratio12.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr400.00Price Target Upside37.27% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)21.54
Revenue Forecast (FY)kr13.79B
Clas Ohlson AB Business Overview & Revenue Model
Company Description
Clas Ohlson AB (publ) operates as a retail enterprise with a presence in Sweden and several other international markets. The company supplies a wide variety of goods, encompassing hardware, electrical appliances, multimedia products, home essentia...
How the Company Makes Money
Clas Ohlson makes money primarily by selling products to consumers through two main channels: (1) physical retail stores and (2) e-commerce (online sales fulfilled via delivery and/or click-and-collect where available). Revenue is generated at the...
Clas Ohlson AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
86
Very Positive
| Breakdown | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.51B | 11.63B | 10.23B | 9.02B | 8.78B |
| Gross Profit | 1.53B | 4.54B | 4.02B | 3.38B | 3.60B |
| EBITDA | 2.25B | 1.94B | 1.45B | 1.08B | 1.47B |
| Net Income | 1.17B | 882.20M | 508.60M | 180.60M | 522.50M |
Balance Sheet | |||||
| Total Assets | 7.89B | 6.49B | 5.85B | 5.11B | 5.95B |
| Cash, Cash Equivalents and Short-Term Investments | 1.84B | 1.01B | 170.70M | 143.10M | 456.60M |
| Total Debt | 1.90B | 1.70B | 1.84B | 1.88B | 1.79B |
| Total Liabilities | 4.73B | 4.09B | 4.00B | 3.67B | 3.73B |
| Stockholders Equity | 3.15B | 2.40B | 1.85B | 1.44B | 2.22B |
Cash Flow | |||||
| Free Cash Flow | 1.99B | 1.68B | 1.37B | 817.40M | 833.70M |
| Operating Cash Flow | 2.12B | 1.83B | 1.49B | 940.80M | 986.10M |
| Investing Cash Flow | -312.70M | -156.60M | -553.80M | -123.40M | -157.70M |
| Financing Cash Flow | -982.40M | -828.80M | -909.20M | -1.13B | -909.20M |
Clas Ohlson AB Technical Analysis
Positive
291.40
Price Trends
408.66
Negative
382.11
Positive
359.30
Positive
Market Momentum
-1.55
Positive
49.32
Neutral
62.81
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 408.64, below the 50-day MA of 408.66, and below the 200-day MA of 359.30, indicating a neutral trend. The MACD of -1.55 indicates Positive momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 62.81 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | kr1.13B | 12.46 | ― | 4.49% | 5.91% | 116.31% | |
67 Neutral | kr25.72B | 22.00 | 42.23% | 1.88% | 7.63% | 32.28% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | kr12.59B | 16.39 | 12.33% | 3.12% | 4.58% | -15.05% | |
55 Neutral | kr5.43B | 52.20 | 2.04% | 6.24% | -0.94% | 14.56% | |
55 Neutral | kr1.01B | 6.37 | 51.02% | ― | 12.44% | 54.64% | |
53 Neutral | kr3.59B | 32.89 | ― | ― | 4.61% | ― |
* Consumer Defensive Sector Average
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Clas Ohlson AB Corporate Events
Clas Ohlson Sets New Three‑Year Profitability and Growth Targets at Capital Markets Day
Jun 3, 2026
Clas Ohlson has used its Capital Markets Day to underline how its 2022 strategy has turned it into a structurally stronger retailer with improved profitability, cash flow and returns, supported by a differentiated value-creation model and strong b...
Clas Ohlson caps record year with profit surge and major logistics investment
Jun 3, 2026
Clas Ohlson reported an 11% rise in fourth-quarter net sales to 2,611 MSEK, driven largely by 9% organic growth and strong online expansion, while operating profit jumped to 180 MSEK and margins improved. For the full year, net sales climbed 8% to...
Clas Ohlson sets 3 June date for year-end results and Capital Markets Day
May 20, 2026
Clas Ohlson will release its year-end report for the 2025/26 fiscal year on 3 June at 7:00 a.m. CEST, followed by an English-language webcast at 9:00 a.m. where CEO Kristofer Tonström and CFO Pernilla Walfridsson will present the results and ...
Clas Ohlson lifts full-year sales with strong April and store expansion
May 8, 2026
Clas Ohlson reported April net sales of 929 MSEK, up 14 per cent year-on-year, with 9 per cent organic growth, supported by acquisitions and favourable currency effects, and a net addition of eight stores to reach 249 locations. For the May 2025&#...
Clas Ohlson Schedules June 2026 Capital Markets Day to Outline Strategy
Apr 17, 2026
Clas Ohlson AB, the Swedish home improvement retailer founded in 1918, has grown from a mail-order business in Insjön to a multi-market chain with around 5,000 employees and roughly SEK 12 billion in annual sales. The company, listed on Nasda...
Clas Ohlson Secures SBTi Validation for Ambitious Net-Zero Climate Targets
Apr 17, 2026
Clas Ohlson has had its near-term, long-term and net-zero climate targets formally validated by the Science Based Targets initiative, confirming that the company’s decarbonisation roadmap aligns with established scientific criteria. The fram...
Clas Ohlson lifts March sales 11% on strong organic growth and store expansion
Apr 9, 2026
Clas Ohlson reported March net sales of SEK 902 million, up 11% year-on-year, driven mainly by 8% organic growth and supported by acquisitions, while the store network expanded to 245 locations from 239 a year earlier. For the period May 2025 to M...
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.