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Kjell Group AB (SE:KJELL)
:KJELL
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Kjell Group AB (KJELL) AI Stock Analysis

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SE:KJELL

Kjell Group AB

(KJELL)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
kr10.50
▲(18.24% Upside)
Action:ReiteratedDate:04/28/26
The score is held back primarily by weak financial performance (sharp margin compression, sizable losses, and negative free cash flow). Technicals are a positive offset with the stock trading above key moving averages and a positive MACD. Valuation remains pressured due to negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Omni‑channel Retail Footprint
Kjell's combined physical-store and e-commerce model provides durable customer access across Nordic markets. Stores enable in-person service, higher basket sizes and immediate fulfilment while online extends reach and lowers marginal distribution costs. This multi-channel setup supports repeat purchases and resilience versus single-channel peers over the medium term.
Negative Factors
Gross Margin Compression
A sustained drop in gross margin from historical levels cuts deeply into intrinsic earnings power. Lower gross margins reduce the room for operating leverage and investment, meaning comparable revenue yields materially less profit. Unless pricing, mix or sourcing dynamics improve, recovery of profitability will be harder and slower.
Read all positive and negative factors
Positive Factors
Negative Factors
Omni‑channel Retail Footprint
Kjell's combined physical-store and e-commerce model provides durable customer access across Nordic markets. Stores enable in-person service, higher basket sizes and immediate fulfilment while online extends reach and lowers marginal distribution costs. This multi-channel setup supports repeat purchases and resilience versus single-channel peers over the medium term.
Read all positive factors

Kjell Group AB (KJELL) vs. iShares MSCI Sweden ETF (EWD)

Kjell Group AB Business Overview & Revenue Model

Company Description
Kjell Group Ab (Publ) engages in the sale of consumer electronics accessories in Sweden, Norway, and Denmark. The company sells its products through a chain of stores and online channels. As of June 30, 2021, it operated 107 service points in Swed...
How the Company Makes Money
Kjell Group AB primarily makes money by selling consumer electronics accessories and related products through a multi-channel model that includes company-operated retail stores and e-commerce. Revenue is generated at the point of sale from a broad...

Kjell Group AB Financial Statement Overview

Summary
Financial results show a clear downturn: TTM revenue is down (-3.1%), gross margin has compressed to ~29% (vs ~39–42% historically), and profitability is deeply negative (EBIT margin ~-16%, net margin ~-17%). The balance sheet has moderate leverage (debt-to-equity ~0.66) but returns are sharply negative (ROE ~-44%), and cash flow quality has weakened with negative TTM free cash flow.
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
34
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.31B2.38B2.58B2.56B2.61B2.40B
Gross Profit678.18M932.74M1.05B1.08B1.10B1.02B
EBITDA76.95M88.99M206.04M255.01M295.14M285.53M
Net Income-402.26M-388.13M-19.89M12.40M71.20M62.42M
Balance Sheet
Total Assets2.17B2.16B2.45B2.42B2.45B2.56B
Cash, Cash Equivalents and Short-Term Investments172.29M271.20M178.83M196.28M117.62M193.77M
Total Debt635.68M979.25M728.18M748.87M789.35M858.18M
Total Liabilities1.22B1.38B1.45B1.41B1.45B1.68B
Stockholders Equity956.80M782.35M1.01B1.01B998.78M889.45M
Cash Flow
Free Cash Flow-46.00M80.05M121.20M235.61M198.04M103.21M
Operating Cash Flow31.28M167.05M139.16M259.71M242.25M152.29M
Investing Cash Flow-87.69M-102.20M-17.96M-24.10M-118.15M-291.94M
Financing Cash Flow118.80M38.26M-139.41M-155.15M-204.40M-10.25M

Kjell Group AB Technical Analysis

Technical Analysis Sentiment
Positive
Last Price8.88
Price Trends
50DMA
9.03
Positive
100DMA
8.43
Positive
200DMA
8.52
Positive
Market Momentum
MACD
0.29
Negative
RSI
71.91
Negative
STOCH
91.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:KJELL, the sentiment is Positive. The current price of 8.88 is below the 20-day moving average (MA) of 9.04, below the 50-day MA of 9.03, and above the 200-day MA of 8.52, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 71.91 is Negative, neither overbought nor oversold. The STOCH value of 91.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:KJELL.

Kjell Group AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
kr870.14M17.68-10.58%-127.66%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
59
Neutral
kr452.83M-2.913.51%-3.35%
51
Neutral
kr968.62M-4.47-42.09%-9.73%-1023.75%
42
Neutral
kr283.62M-4.69-10.28%-2880.54%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:KJELL
Kjell Group AB
10.16
0.68
7.20%
SE:ALCA
Alcadon Group AB
35.50
18.70
111.31%
SE:4C
4C Group AB
7.41
-7.74
-51.09%
SE:INFREA
Infrea AB
15.05
2.14
16.58%
SE:UNIBAP
Unibap AB
9.50
4.75
100.00%
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.Date of analysis: Apr 28, 2026