Fenix Outdoor International AG (FOI.B) AI Stock Analysis

• Market Cap: kr7.00B
• Dividend Yield: 6.24%
• Average Volume (3M): 1.90K
• Price to Earnings (P/E): 83.3
• Beta (1Y): 0.32
• Revenue Growth: -2.98%
• EPS Growth: -30.48%
• Country: SE
• Employees: 2,008
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 16.71
• Shares Outstanding: 11,060,000
• 10 Day Avg. Volume: 1,917
• 30 Day Avg. Volume: 1,897
• PEG Ratio: -1.04
• Price to Book (P/B): 1.97
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 11.07
• 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: 57 Neutral
• Price Target: kr543.00 ▲(15.53% Upside)

Fenix Outdoor International AG's overall stock score is driven by strong revenue growth and effective cost management, though profitability and operational efficiency remain challenges. The technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation, offset by a strong dividend yield. The absence of significant earnings call data or corporate events leaves these areas unassessed.

Positive Factors

Free Cash Flow Growth

A >100% jump in free cash flow over the trailing twelve months indicates materially improved cash generation capacity. Durable FCF growth strengthens the company's ability to fund capex, sustain dividends, reduce leverage or invest in brands, improving long-term financial flexibility.

Revenue Expansion

Substantial revenue expansion signals durable demand and successful multi-channel reach across owned retail, e‑commerce and wholesale. Sustained top-line growth supports scale advantages, inventory turnover and potential longer-term share gains in the outdoor apparel and gear market.

Manageable Leverage & Equity Base

Moderate leverage combined with a healthy equity ratio provides a stable capital structure that can absorb cyclical shocks. This gives management room to invest in product, retail footprint and sustainability initiatives without forcing immediate financing or severe cost cutting.

Negative Factors

Low Net Profit Margin

A sub-1% net margin indicates weak ability to convert sales into retained earnings. Over the medium term this constrains reinvestment, dividend sustainability and buffer against cost inflation; improving operational efficiency is required to make growth profitable.

Weak Return on Equity

ROE near 1.4% signals poor capital efficiency: the company is not generating commensurate returns on shareholders' equity. Persistently low ROE undermines long-term shareholder value creation unless margins, asset turnover, or capital allocation improve materially.

Cash Conversion Concerns

Low operating cash flow relative to reported net income suggests earnings quality or working capital drag. Structurally weak cash conversion limits free cash flow reliability, constraining funding for growth initiatives and increasing reliance on external financing over time.

Fenix Outdoor International AG Business Overview & Revenue Model

Company Description

Fenix Outdoor International AG, together with its subsidiaries, develops, manufactures, and sells outdoor products primarily in Switzerland, Sweden, other Nordic countries, Germany, Benelux, other European countries, the Americas, and internationally. The company operates through three segments: Brands, Global Sales, and Frilufts. It offers apparel, daypacks, backpacks, sleeping bags, tents, stoves, bags, outdoor shoes and boots, lanterns, fuel, and accessories. The company sells its products under the Fjällräven, Tierra, Primus, Hanwag, and Royal Robbins brand names through 95 stores in Sweden, Norway, Germany, Finland, Denmark, and the United Kingdom, as well as through Brandretail, the e-com and brand retail shops. Fenix Outdoor International AG was founded in 1960 and is based in Zug, Switzerland.

How the Company Makes Money

Fenix Outdoor International AG generates revenue primarily through the sale of outdoor clothing, footwear, and gear under its various brands. The company operates a multi-channel distribution model, including direct-to-consumer sales through branded retail stores and e-commerce platforms, as well as wholesale partnerships with third-party retailers. Key revenue streams include sales from flagship stores, online sales, and wholesale accounts. Significant partnerships with retailers and distributors in various regions contribute to its market reach and sales volume. Additionally, the company's focus on sustainable and high-quality products helps to attract a loyal customer base, further enhancing its earnings potential.

Fenix Outdoor International AG Financial Statement Overview

Summary

Fenix Outdoor International AG demonstrates robust revenue growth and effective cost management, but faces challenges in profitability and operational efficiency. The balance sheet is stable with moderate leverage, while cash flow generation is improving. Continued focus on enhancing profit margins and cash conversion will be crucial for sustaining growth.

Income Statement

Fenix Outdoor International AG shows a strong revenue growth of 310.95% in the TTM, indicating a significant expansion. However, the net profit margin is relatively low at 0.86%, suggesting challenges in converting revenue into profit. The gross profit margin remains stable around 57%, reflecting efficient cost management. EBIT and EBITDA margins have decreased compared to previous years, indicating potential operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio of 0.56 in the TTM suggests a moderate level of leverage, which is manageable. The return on equity has decreased to 1.42%, indicating lower profitability on shareholders' equity. The equity ratio remains healthy, showing a strong equity base relative to total assets, which provides financial stability.

Cash Flow

The free cash flow growth rate is impressive at 109.12% in the TTM, indicating improved cash generation. However, the operating cash flow to net income ratio is low at 0.37, suggesting potential issues in converting income into cash. The free cash flow to net income ratio is relatively strong at 0.73, showing good cash flow management relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	685.94M	685.60M	739.64M	759.24M	649.95M	562.97M
Gross Profit	299.39M	390.30M	421.05M	436.68M	378.93M	321.40M
EBITDA	94.13M	99.70M	111.12M	140.88M	136.49M	105.39M
Net Income	7.83M	14.60M	31.57M	60.59M	56.21M	33.60M
Balance Sheet
Total Assets	740.03M	686.85M	743.20M	674.59M	668.92M	651.71M
Cash, Cash Equivalents and Short-Term Investments	45.72M	111.75M	119.10M	81.01M	181.90M	191.06M
Total Debt	207.52M	166.90M	205.50M	149.70M	163.96M	195.27M
Total Liabilities	333.84M	273.50M	325.99M	269.60M	287.47M	297.90M
Stockholders Equity	406.19M	413.19M	417.22M	404.99M	381.45M	353.69M
Cash Flow
Free Cash Flow	42.86M	73.50M	48.90M	-33.97M	94.24M	88.83M
Operating Cash Flow	65.21M	97.10M	75.87M	-6.92M	118.67M	109.99M
Investing Cash Flow	-51.17M	-17.10M	-24.79M	-27.03M	-34.44M	-21.55M
Financing Cash Flow	-35.58M	-88.40M	-10.36M	-69.20M	-94.58M	18.85M

Fenix Outdoor International AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 470.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FOI.B, the sentiment is Positive. The current price of 470 is below the 20-day moving average (MA) of 497.03, below the 50-day MA of 491.49, and below the 200-day MA of 508.20, indicating a bullish trend. The MACD of 6.36 indicates Negative momentum. The RSI at 64.93 is Neutral, neither overbought nor oversold. The STOCH value of 68.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FOI.B.

Fenix Outdoor International AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEWA.B	66 Neutral	kr14.16B	17.21	12.33%	3.12%	2.80%	-8.84%
CLAS.B	63 Neutral	kr19.32B	18.94	46.00%	1.88%	9.30%	38.37%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOI.B	57 Neutral	kr7.00B	83.34	2.04%	6.24%	-2.98%	-30.48%