ITAB Shop Concept AB (SE:ITAB)
:ITAB
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ITAB Shop Concept AB
(ITAB)
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Rating:50Neutral
Price Target:
kr14.50
▼(-16.86% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by deteriorating profitability alongside a materially more leveraged balance sheet, despite very strong recent revenue growth and supportive (but volatile) cash flow. Technicals are bearish with the stock trading below major moving averages and negative MACD. Valuation is also a headwind with a high P/E and no dividend yield data to offset it.
Positive Factors
Strong Revenue Growth
Sustained, very high top-line growth indicates successful commercial traction and expanding market penetration for store solutions. Over 2–6 months this growth supports scale economies, strengthens customer relationships for multi-store rollouts, and creates opportunities to convert one-time projects into recurring aftermarket and services revenue.
Negative Factors
Rising Leverage
Material increase in leverage materially reduces financial flexibility and raises refinancing and interest-rate risk. If margins remain compressed, higher debt servicing limits ability to fund growth initiatives or absorb shocks, elevating structural downside risk to operations and strategic investment over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained, very high top-line growth indicates successful commercial traction and expanding market penetration for store solutions. Over 2–6 months this growth supports scale economies, strengthens customer relationships for multi-store rollouts, and creates opportunities to convert one-time projects into recurring aftermarket and services revenue.
Read all positive factors
ITAB Shop Concept AB (ITAB) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.83B
Dividend YieldN/A
Average Volume (3M)215.97K
Price to Earnings (P/E)24.1
Beta (1Y)1.22
Revenue Growth64.58%
EPS Growth-42.01%
CountrySE
Employees5,400
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)0.62
Shares Outstanding255,275,510
10 Day Avg. Volume189,851
30 Day Avg. Volume215,971
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.07
Price to Sales (P/S)0.35
P/FCF Ratio5.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr24.00Price Target Upside37.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.55
Revenue Forecast (FY)kr12.90B
ITAB Shop Concept AB Business Overview & Revenue Model
Company Description
ITAB Shop Concept AB (publ) provides solution design, customized shop fittings, checkouts, consumer flow solutions, professional lighting systems, and digitally interactive solutions for the physical stores in Europe. The company also offers check...
How the Company Makes Money
ITAB makes money primarily by selling retail store solutions and related services to retailers and other customers that operate physical stores. Key revenue streams include: (1) Product and solution sales: revenue from designing and supplying phys...
ITAB Shop Concept AB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.88B | 12.78B | 6.58B | 6.14B | 6.87B | 6.25B |
| Gross Profit | 3.04B | 3.02B | 1.86B | 1.72B | 1.58B | 1.68B |
| EBITDA | 1.13B | 604.00M | 751.00M | 701.00M | 692.00M | 491.00M |
| Net Income | 159.00M | 131.00M | 311.00M | 270.00M | 243.00M | 95.00M |
Balance Sheet | ||||||
| Total Assets | 12.26B | 12.47B | 7.08B | 5.77B | 6.58B | 6.02B |
| Cash, Cash Equivalents and Short-Term Investments | 779.00M | 971.00M | 1.51B | 578.00M | 756.00M | 208.00M |
| Total Debt | 3.65B | 4.75B | 1.23B | 1.24B | 1.83B | 1.44B |
| Total Liabilities | 10.87B | 8.08B | 2.82B | 2.56B | 3.41B | 3.24B |
| Stockholders Equity | 4.31B | 4.17B | 4.13B | 3.05B | 3.01B | 2.65B |
Cash Flow | ||||||
| Free Cash Flow | 701.00M | 785.00M | 551.00M | 666.00M | 437.00M | -256.00M |
| Operating Cash Flow | 973.00M | 785.00M | 624.00M | 810.00M | 542.00M | -165.00M |
| Investing Cash Flow | -244.00M | -1.77B | -144.00M | -107.00M | -150.00M | -103.00M |
| Financing Cash Flow | -639.00M | 533.00M | 432.00M | -810.00M | 153.00M | -253.00M |
ITAB Shop Concept AB Technical Analysis
Negative
17.44
Price Trends
14.41
Positive
15.38
Negative
16.53
Negative
Market Momentum
0.24
Negative
48.91
Neutral
51.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ITAB, the sentiment is Negative. The current price of 17.44 is above the 20-day moving average (MA) of 14.73, above the 50-day MA of 14.41, and above the 200-day MA of 16.53, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 48.91 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ITAB.
ITAB Shop Concept AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr4.84B | 31.07 | 9.68% | 1.11% | 3.60% | 1.26% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | kr3.66B | 20.18 | 10.98% | 2.68% | 5.41% | -20.59% | |
55 Neutral | kr606.23M | 44.74 | 2.03% | ― | -12.78% | -87.80% | |
51 Neutral | kr5.28B | 22.25 | 10.13% | 3.29% | 0.61% | 108.21% | |
50 Neutral | kr3.83B | 24.11 | 5.45% | ― | 64.58% | -42.01% |
* Industrials Sector Average
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ITAB Shop Concept AB Corporate Events
ITAB Renames Listed Parent to Reflect Expanded European Retail Group
May 25, 2026
ITAB Shop Concept AB has changed its corporate name to ITAB Group AB after receiving approval from the Swedish Companies Registration Office, aligning the listed parent’s identity with its broader international structure. The ticker ITAB and...
ITAB shareholders back name change, capital mandates and new incentive plan at 2026 AGM
May 6, 2026
Shareholders in ITAB Shop Concept AB approved all major proposals at the 2026 AGM, including the 2025 accounts, no dividend for 2025 with profits carried forward, and discharge from liability for the board and CEO. The board and auditor Ernst You...
ITAB posts solid Q1 as HMY synergies, UK contract bolster outlook
Apr 30, 2026
ITAB Shop Concept started 2026 with stable profitability in a cautious retail market, reporting first-quarter net sales of SEK 2,922 million, up 4 percent year-on-year, largely driven by the HMY acquisition despite negative organic growth. Gross m...
ITAB Wins EUR 12 Million Shopfitting Framework Deal with Leading U.K. Grocer
Apr 28, 2026
ITAB Shop Concept AB has secured a framework agreement with a leading U.K. grocery chain to deliver and install shopfitting, equipment, and related services as part of the retailer’s store renovation and refurbishment programme. The three-ye...
ITAB Sets Date and Investor Webcast for Q1 2026 Interim Report
Apr 16, 2026
ITAB Shop Concept AB has scheduled the publication of its interim report for the first quarter of 2026 for 30 April at 7:00 a.m. CEST, underscoring its commitment to regular financial disclosure to investors. Interim President and CEO Glauco Frasc...
ITAB publishes 2025 Annual & Sustainability Report
Apr 2, 2026
ITAB Shop Concept AB has published its Annual Sustainability Report for 2025, making it available on the company’s website in both Swedish and English as a downloadable PDF and in European Single Electronic Format. The publication fulfills ...
ITAB calls 2026 AGM with broad mandate on capital, governance and incentives
Apr 1, 2026
ITAB Shop Concept AB has called its 2026 Annual General Meeting for 6 May in Jönköping, setting out procedures for shareholders to attend in person, vote by post or be represented by proxy, including requirements for nominee-registered 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.