Fenix Outdoor International AG Series B (SE:FOI.B)
:FOI.B
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Fenix Outdoor International AG
(FOI.B)
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Rating:53Neutral
Price Target:
kr445.00
â–¼(-5.32% Downside)
Action:Reiterated
Date:04/29/26
The score is driven primarily by weakened financial performance (sharp profitability and return deterioration despite stable revenue and gross margins). Technicals add downside pressure as the stock trades below key moving averages with bearish momentum. Valuation is a headwind due to the very high P/E, partially offset by a solid dividend yield.
Positive Factors
High gross margins
Sustained gross margins in the high-50% range provide a durable buffer against revenue swings and higher operating costs. This margin strength reflects pricing power and sourcing strength, enabling the firm to fund retail/DTC investments and absorb markdowns while preserving core profitability over months.
Negative Factors
Collapsed returns (ROE)
ROE falling to ~1.2% signals a structural decline in capital efficiency and profitability versus prior years. Persistently low returns strain the company’s ability to generate shareholder value and indicate operating or mix issues that may require sustained corrective action to restore long-term returns.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins in the high-50% range provide a durable buffer against revenue swings and higher operating costs. This margin strength reflects pricing power and sourcing strength, enabling the firm to fund retail/DTC investments and absorb markdowns while preserving core profitability over months.
Read all positive factors
Fenix Outdoor International AG (FOI.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.83B
Dividend Yield6.24%
Average Volume (3M)1.90K
Price to Earnings (P/E)28.1
Beta (1Y)0.38
Revenue Growth-0.94%
EPS Growth14.56%
CountrySE
Employees2,008
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.70
Shares Outstanding11,060,000
10 Day Avg. Volume1,917
30 Day Avg. Volume1,897
Financial Highlights & Ratios
PEG Ratio-1.85
Price to Book (P/B)1.54
Price to Sales (P/S)0.85
P/FCF Ratio17.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.65
Revenue Forecast (FY)kr834.50M
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 internationa...
How the Company Makes Money
Fenix Outdoor makes money primarily by selling outdoor products through a mix of (1) wholesale and (2) direct-to-consumer channels, supported by vertically integrated distribution and retail operations. Key revenue streams typically include: (a) B...
Fenix Outdoor International AG Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 705.14M | 694.70M | 685.60M | 739.64M | 759.24M | 649.95M |
| Gross Profit | 319.21M | 404.80M | 390.30M | 421.05M | 436.68M | 378.93M |
| EBITDA | 99.00M | 94.10M | 99.70M | 111.12M | 140.88M | 136.49M |
| Net Income | 9.47M | 4.76M | 14.60M | 31.57M | 60.59M | 56.21M |
Balance Sheet | ||||||
| Total Assets | 730.80M | 728.00M | 686.85M | 743.20M | 674.59M | 668.92M |
| Cash, Cash Equivalents and Short-Term Investments | 49.20M | 70.60M | 111.75M | 119.10M | 81.01M | 181.90M |
| Total Debt | 224.10M | 217.00M | 166.90M | 205.50M | 149.70M | 163.96M |
| Total Liabilities | 340.00M | 344.80M | 273.50M | 325.99M | 269.60M | 287.47M |
| Stockholders Equity | 390.80M | 383.20M | 413.19M | 417.22M | 404.99M | 381.45M |
Cash Flow | ||||||
| Free Cash Flow | 27.76M | 33.70M | 73.50M | 48.90M | -33.97M | 94.24M |
| Operating Cash Flow | 51.71M | 59.30M | 97.10M | 75.87M | -6.92M | 118.67M |
| Investing Cash Flow | -15.39M | -47.30M | -17.10M | -24.79M | -27.03M | -34.44M |
| Financing Cash Flow | -39.10M | -47.50M | -88.40M | -10.36M | -69.20M | -94.58M |
Fenix Outdoor International AG Technical Analysis
Positive
470.00
Price Trends
469.69
Positive
481.83
Positive
486.12
Positive
Market Momentum
7.64
Negative
62.60
Neutral
89.08
Negative
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 above the 20-day moving average (MA) of 464.03, above the 50-day MA of 469.69, and below the 200-day MA of 486.12, indicating a bullish trend. The MACD of 7.64 indicates Negative momentum. The RSI at 62.60 is Neutral, neither overbought nor oversold. The STOCH value of 89.08 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr25.68B | 9.43 | 42.23% | 1.88% | 6.95% | 31.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | kr12.84B | 24.75 | 12.33% | 3.12% | 4.58% | -15.05% | |
53 Neutral | kr5.83B | 28.12 | 2.04% | 6.24% | -0.94% | 14.56% |
* Consumer Cyclical Sector Average
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Fenix Outdoor International AG Corporate Events
Fenix Outdoor AGM Confirms Board, Cuts Dividend and Sets 2027 Pay Cap
Apr 27, 2026
Fenix Outdoor International AG held its Annual General Meeting in Solna on April 27, 2026, where shareholders approved the 2025 Annual Report and CSR report and confirmed a reduced dividend of SEK 7.5 per B share and SEK 0.75 per A share, to be di...
Fenix Outdoor Moves to Full Ownership of Devold of Norway
Apr 27, 2026
Fenix Outdoor International AG has signed a term sheet to acquire the remaining 35% stake in Devold of Norway AS for €9.6 million in cash from the Norwegian family-owned Flakk Group, adding to the 65% holding it obtained in March 2025. Once ...
Fenix Outdoor lifts Q1 earnings on cold Nordic winter and margin gains
Apr 27, 2026
Fenix Outdoor International AG reported a 5.2% rise in first-quarter total income to EUR 168.5 million, with EBITDA climbing to EUR 23.1 million and profit after tax surging to EUR 4.6 million, lifting earnings per share to EUR 0.37. The company b...
Fenix Outdoor Calls 2026 AGM, Proposes Lower Dividend and Governance Continuity
Apr 2, 2026
Fenix Outdoor International AG has called its ordinary General Meeting for 27 April 2026 in Solna, Sweden, to address the 2025 financial year. The board will seek approval of the 2025 annual report, a reduced dividend versus the prior year, discha...
Fenix Outdoor Posts Weaker 2025 Profits Despite Revenue Growth and Devold Boost
Feb 5, 2026
Fenix Outdoor International AG reported modest full-year 2025 revenue growth of 1.3% to EUR 707.7 million, but profitability weakened, with operating profit falling to EUR 33.1 million and profit after tax dropping to EUR 5.3 million, reflecting s...
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.