Duni AB (SE:DUNI)
:DUNI
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Duni AB
(DUNI)
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Rating:57Neutral
Price Target:
kr94.00
▼(-11.15% Downside)
Action:ReiteratedDate:04/25/26
The score is primarily driven by solid but not accelerating financial performance (improved margins, softer TTM growth, and only moderate free-cash-flow conversion with some data confidence concerns). Technicals are a meaningful drag due to a below-trend price and bearish momentum despite oversold readings. Valuation is mixed: a high P/E is tempered by an attractive dividend yield.
Positive Factors
Margin improvement
Sustained gross margin expansion to ~24% and a stable net margin imply stronger pricing, better product mix (higher-value sustainable/design solutions) and improved cost control. These are durable drivers that support cash generation and resilience across business cycles.
Negative Factors
Softening revenue trend
A cooling top-line (TTM revenue decline and earnings below the 2023 peak) suggests demand or market-share pressures. Slower or negative revenue momentum limits scalability benefits and constrains persistent margin expansion and reinvestment capacity over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin improvement
Sustained gross margin expansion to ~24% and a stable net margin imply stronger pricing, better product mix (higher-value sustainable/design solutions) and improved cost control. These are durable drivers that support cash generation and resilience across business cycles.
Read all positive factors
Duni AB (DUNI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr4.11B
Dividend Yield4.83%
Average Volume (3M)33.72K
Price to Earnings (P/E)33.1
Beta (1Y)0.50
Revenue Growth-1.56%
EPS Growth16.94%
CountrySE
Employees2,717
SectorConsumer Cyclical
Sector Strength84
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)6.02
Shares Outstanding46,999,030
10 Day Avg. Volume32,003
30 Day Avg. Volume33,717
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)1.45
Price to Sales (P/S)0.64
P/FCF Ratio26.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr108.00Price Target Upside2.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.66
Revenue Forecast (FY)kr7.73B
Duni AB Business Overview & Revenue Model
Company Description
Duni AB (publ) develops, manufactures, and sells concepts and products for the serving and packaging of meals. The company's products include napkins, table coverings, take away boxes and bowls, take away bags and wraps, plates, amuse bouche, cutl...
How the Company Makes Money
Duni AB generates revenue mainly through the sale of dining and food packaging products to business customers in foodservice and retail channels, as well as to selected consumer/retail outlets. Its revenue model is primarily product-based: (1) Tab...
Duni AB Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
63
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.58B | 7.68B | 7.58B | 7.72B | 6.98B | 5.06B |
| Gross Profit | 1.87B | 1.88B | 1.73B | 1.72B | 1.19B | 929.00M |
| EBITDA | 621.00M | 792.00M | 695.00M | 948.00M | 621.00M | 430.00M |
| Net Income | 283.00M | 312.00M | 257.00M | 390.00M | 200.00M | 76.00M |
Balance Sheet | ||||||
| Total Assets | 8.72B | 8.06B | 7.57B | 6.91B | 7.34B | 6.40B |
| Cash, Cash Equivalents and Short-Term Investments | 258.00M | 331.00M | 323.00M | 488.00M | 372.00M | 396.00M |
| Total Debt | 2.53B | 1.80B | 1.11B | 952.00M | 1.57B | 1.61B |
| Total Liabilities | 4.57B | 4.02B | 3.36B | 2.93B | 3.60B | 3.68B |
| Stockholders Equity | 3.49B | 3.40B | 3.51B | 3.42B | 3.21B | 2.63B |
Cash Flow | ||||||
| Free Cash Flow | 208.00M | 186.00M | 221.00M | 1.02B | -83.00M | -11.00M |
| Operating Cash Flow | 482.00M | 437.00M | 437.00M | 1.19B | 48.00M | 66.00M |
| Investing Cash Flow | -429.00M | -797.00M | -458.00M | -171.00M | 208.00M | -104.00M |
| Financing Cash Flow | -67.00M | 382.00M | -144.00M | -893.00M | -298.00M | 64.00M |
Duni AB Technical Analysis
Positive
105.80
Price Trends
97.15
Positive
99.65
Positive
96.30
Positive
Market Momentum
0.49
Negative
59.10
Neutral
80.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DUNI, the sentiment is Positive. The current price of 105.8 is above the 20-day moving average (MA) of 96.78, above the 50-day MA of 97.15, and above the 200-day MA of 96.30, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 59.10 is Neutral, neither overbought nor oversold. The STOCH value of 80.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:DUNI.
Duni AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr15.40B | 18.03 | 14.28% | 2.74% | 0.47% | 20.22% | |
69 Neutral | kr170.72B | 14.34 | 14.26% | 3.13% | -6.16% | 0.85% | |
69 Neutral | kr1.83B | 5.56 | -0.17% | 2.34% | -3.99% | 123.69% | |
67 Neutral | kr170.72B | 14.34 | ― | 3.14% | -6.16% | 0.85% | |
65 Neutral | kr9.60B | 23.89 | ― | 2.56% | 8.70% | 47.82% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | kr4.11B | 33.11 | 9.34% | 4.83% | -1.56% | 16.94% |
* Consumer Cyclical Sector Average
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Duni AB Corporate Events
Duni narrows sales decline but profits weaken in tough first quarter
Apr 24, 2026
Duni AB reported first-quarter 2026 net sales of SEK 1,764m, down from SEK 1,863m a year earlier, with currency-adjusted sales almost flat and organic decline narrowing to 1.2% despite persistently weak European demand. Operating income slipped to...
Duni Group Publishes 2025 Annual and Sustainability Report Ahead of May AGM
Apr 23, 2026
Duni Group has published its complete 2025 Annual and Sustainability Report in both English and Swedish, making it available to investors and other stakeholders on the company’s website. The release underscores the group’s continued em...
Duni Group Sets Date for Q1 2026 Interim Report and Investor Call
Apr 17, 2026
Duni AB will publish its interim report for the period 1 January to 31 March 2026 on Friday, 24 April at 7:45 a.m. CET, providing investors and other stakeholders with an update on the company’s early-year trading and financial performance. ...
Duni AB Sets May 18 Date for AGM, Enables Postal Voting for Shareholders
Apr 9, 2026
Duni AB, the Malmö-based tableware and take-away packaging group, has called its Annual General Meeting for 18 May 2026 at Studio Malmö, offering shareholders the option to attend in person or exercise their voting rights by post in line...
Duni Group Executive to Exit as Food Packaging Chief, Succession Search Begins
Mar 20, 2026
Duni Group has announced a change in its management team as Nicklas Lauwell, Chief Officer Business Area Food Packaging Solutions and member of the Group Management Team, will leave the company to become Club director for Swedish football club IFK...
Duni Group Buys Solserv to Boost Nordic Industrial Packaging and Composting Offering
Feb 27, 2026
Duni Group has agreed to acquire 100% of Solserv Solutions Services Europe AB, a Swedish provider of rapid composting machines, industrial packaging machinery, aftermarket services, and consumables. The deal, executed under the Duniform brand, is...
Duni Group Lifts Full-Year Sales on Acquisitions but Margins Squeezed by Weak Restaurant Market
Feb 6, 2026
Duni Group reported higher full-year 2025 net sales of SEK 7,685 million, up 1.4% (6.0% at constant currencies), driven primarily by three acquisitions – Poppies, LinePack and ByGreen – even as organic growth declined and operating inc...
Duni AB to Present 2025 Year-End Results via Teleconference and Webcast
Jan 30, 2026
Duni AB has announced that it will publish its year-end report for the period 1 January to 31 December 2025 on Friday, 6 February at 7:45 a.m. CET. The company will present the results the same day at 10:00 a.m. CET via a telephone conference that...
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.