Scandi Standard AB (SCST) AI Stock Analysis

• Market Cap: kr8.48B
• Dividend Yield: 2.56%
• Average Volume (3M): 44.02K
• Price to Earnings (P/E): 23.1
• Beta (1Y): 0.36
• Revenue Growth: 7.37%
• EPS Growth: 2.90%
• Country: SE
• Employees: 3,400
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 1.50
• Shares Outstanding: 66,060,890
• 10 Day Avg. Volume: 38,340
• 30 Day Avg. Volume: 44,022
• PEG Ratio: 0.53
• Price to Book (P/B): 2.43
• Price to Sales (P/S): 0.46
• P/FCF Ratio: 38.20
• 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: kr112.00
• Price Target Upside: 13.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 6.58
• Revenue Forecast (FY): kr15.00B

• Rating: 55 Neutral
• Price Target: kr121.00 ▲(22.10% Upside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is driven primarily by improving profitability and a healthier (though re-leveraging) balance sheet, offset by weaker/volatile free cash flow conversion. Technically, the uptrend is strong but very overextended (high RSI/Stoch), while valuation looks moderate-to-somewhat pricey at ~21x earnings with a ~2.1% yield.

Positive Factors

Integrated poultry value chain and diversified channels

Scandi Standard's vertically integrated model (sourcing, slaughtering, processing, packaging, distribution) and sales across retail, foodservice and industrial channels provides durable control of input-to-output margins, better cost pass-through and product-mix flexibility, supporting resilience across demand cycles.

Improving revenue trend and profitability

Revenue growth alongside improved profitability and mid-teens ROE in 2025 signal strengthening earnings power and more effective capital use. This step-up in top-line and returns suggests structural recovery from weaker years and supports sustainable operating performance over the medium term.

Consistent operating cash generation

Positive and improving operating cash flow demonstrates the core business consistently converts sales into cash, enabling the company to fund working capital and reinvestment needs. This underlying cash generation supports operational stability despite variability in free cash flow.

Negative Factors

Volatile and weak free cash flow conversion

Sharp falls and volatility in free cash flow reduce financial flexibility for dividends, deleveraging and strategic investment. If driven by rising capex or working-capital absorption, this pattern can persist and force greater reliance on external financing, affecting long-term returns to shareholders.

Rising debt load in 2024–2025

Although leverage remains below equity, increased debt over 2024–2025 reduces balance-sheet flexibility and raises interest and refinancing sensitivity. If margins or cash flow deteriorate, the higher debt profile could constrain strategic options and increase financial risk over the medium term.

Margin consistency concerns and low 2025 gross margin

An unusually low gross margin in 2025 and generally thin margins indicate exposure to input-cost volatility (feed, energy, labor) or pricing pressure. Persistent margin weakness would erode profitability and cash flow, undermining returns and the ability to absorb future cost shocks.

Scandi Standard AB Business Overview & Revenue Model

Company Description

Scandi Standard AB (publ) produces, markets, and sells chilled, frozen, and ready-made chicken products in Sweden, Norway, Ireland, Denmark, Finland, Germany, the United Kingdom, rest of Europe, and internationally. It operates through Ready-to-cook, Ready-to-eat, and Other segments. The company offers ready-to-cook, ready-to-eat, and other products under the Danpo, Naapurin Maalaiskana, Manor Farm, Den Stolte Hane, and Kronfågel brands. It is also involved in rearing, producing, and hatching day-old chicks; producing and selling eggs; and the provision of feeds. The company was founded in 2013 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Scandi Standard generates revenue primarily through the sale of chicken products to retail chains, food service companies, and wholesalers across the Nordic countries. Key revenue streams include fresh and frozen chicken, processed chicken products, and ready-to-eat meals. The company benefits from long-term contracts with major retailers and food service providers, ensuring a steady demand for its products. Additionally, Scandi Standard's focus on sustainability and quality enhances its brand reputation, allowing it to command premium pricing in the market. Partnerships with local farmers and suppliers also play a crucial role in maintaining a reliable supply chain, contributing to the company's profitability.

Scandi Standard AB Financial Statement Overview

Summary

Profitability and returns improved versus 2021–2022 and revenue trended upward, but margin consistency is a concern (notably an unusually low 2025 gross margin). Balance sheet leverage is moderate though debt has risen in 2024–2025, and cash-flow quality is the key drag due to volatile/weaker 2025 free cash flow versus prior years.

Income Statement

Revenue has generally trended upward over the period, with a notable step-up in 2025, and profitability improved versus the weaker 2021–2022 period (higher operating and net margins). However, margins remain relatively thin for a food producer, and 2025 shows an unusually low gross margin versus prior years, which raises questions about pricing/cost pressure or one-off items. Overall: improving earnings power, but margin quality and consistency are key watch items.

Balance Sheet

Leverage looks moderate with debt below equity in 2023–2025 and better than the more leveraged 2020–2021 period. Return on equity has improved to the mid-teens in 2025, supporting the view that capital is being used more effectively. The main weakness is a rising debt load in the last two years (2024–2025), which could reduce flexibility if margins soften.

Cash Flow

Operating cash flow is positive and improved in 2025, but free cash flow is volatile and fell sharply in 2025 versus 2023–2024. Cash conversion is a concern: free cash flow is low relative to net income in 2025, suggesting higher capital spending or working-capital absorption. Strength is that the business consistently generates operating cash flow; weakness is that shareholders ultimately rely on free cash flow, which has been less dependable.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.08B	13.02B	13.01B	12.12B	10.10B
Gross Profit	554.00M	5.15B	4.81B	4.42B	3.96B
EBITDA	1.05B	928.00M	901.00M	703.00M	589.00M
Net Income	367.00M	275.00M	269.00M	132.00M	104.00M
Balance Sheet
Total Assets	7.65B	7.28B	6.65B	6.96B	6.49B
Cash, Cash Equivalents and Short-Term Investments	279.00M	109.00M	4.00M	3.00M	350.00M
Total Debt	2.52B	2.05B	1.58B	2.00B	2.32B
Total Liabilities	4.96B	4.67B	4.25B	4.63B	4.54B
Stockholders Equity	2.68B	2.61B	2.40B	2.33B	1.95B
Cash Flow
Free Cash Flow	170.00M	286.00M	584.00M	131.00M	306.00M
Operating Cash Flow	871.00M	654.00M	923.00M	445.00M	613.00M
Investing Cash Flow	-802.00M	-821.00M	-373.00M	-314.00M	-478.00M
Financing Cash Flow	111.00M	271.00M	-554.00M	-468.00M	-199.00M

Scandi Standard AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 99.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SCST, the sentiment is Positive. The current price of 99.1 is below the 20-day moving average (MA) of 122.81, below the 50-day MA of 109.02, and above the 200-day MA of 98.32, indicating a bullish trend. The MACD of 5.83 indicates Positive momentum. The RSI at 79.56 is Negative, neither overbought nor oversold. The STOCH value of 77.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SCST.

Scandi Standard AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLA.B	70 Outperform	kr15.12B	18.86	12.72%	2.74%	0.81%	57.02%
NNH	64 Neutral	kr122.36M	14.93	―	―	5.91%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
MSON.B	58 Neutral	kr1.64B	164.24	-0.17%	2.34%	-2.95%	-112.90%
SCST	55 Neutral	kr8.48B	23.13	―	2.56%	7.37%	2.90%
HUMBLE	50 Neutral	kr3.26B	203.91	0.87%	―	5.99%	-38.16%

Scandi Standard AB Corporate Events

Scandi Standard Boosts Q4 Profitability and Ups Dividend on Strong Poultry Demand

Scandi Standard delivered a strong fourth quarter of 2025, with net sales rising 9% year-on-year to SEK 3,441m and EBIT climbing 46%, lifting the operating margin to 4.5% as the group benefited from substitution from other proteins and solid improvements in its core ready-to-cook segment. Ready-to-eat margins are gradually recovering, integration of acquired entities is progressing according to plan, and the group’s full-year 2025 performance shows continued top-line growth, stable EBIT margins and improved returns, underpinning a 32% higher dividend proposal of SEK 3.30 per share and a stated strong outlook for 2026, signaling increased confidence for shareholders and other stakeholders.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK122.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.

Scandi Standard Continues Buy-Backs to Fund 2025 Incentive Plan

Scandi Standard has continued its share buy-back programme, repurchasing 25,000 ordinary shares on Nasdaq Stockholm between 27 January and 2 February 2026 for a total consideration of about SEK 2.68 million at weighted average prices ranging from roughly SEK 105 to SEK 109 per share. Since the programme began in late December 2025, the company has bought back 95,000 shares out of an authorised maximum of 474,000, and now holds 715,141 treasury shares out of 66,060,890 outstanding, with the stated purpose of securing share delivery and cost hedging for its 2025 long-term incentive plan in accordance with EU market abuse rules and Nasdaq’s safe-harbour framework, signalling continued use of equity-based remuneration and active capital management for stakeholders.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK118.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.

Scandi Standard Sets Date for Q4 2025 Results and Investor Call

Scandi Standard has announced that it will publish its report for the fourth quarter of 2025 on 5 February 2026, followed by a conference call and audio webcast for investors and analysts hosted by CEO Jonas Tunestål and CFO Fredrik Sylwan. The scheduled presentation underlines the company’s ongoing engagement with the financial community and will give stakeholders an opportunity to assess recent performance and strategic developments in its Nordic and European poultry operations.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK117.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.

Scandi Standard Buys Back 25,000 Shares to Support 2025 Incentive Plan

Scandi Standard has continued its share buy-back programme, repurchasing 25,000 ordinary shares on Nasdaq Stockholm between 20 and 26 January 2026 at a total transaction value of about SEK 2.55 million, bringing the number of shares acquired since the programme began in December 2025 to 70,000 out of an authorised maximum of 474,000. The company now holds 690,141 of its own shares, and states that the repurchases are intended to secure delivery of shares and hedge costs for its 2025 long-term incentive plan, with transactions executed independently by ABG Sundal Collier under EU market abuse and safe harbour rules, a move that modestly increases capital returns to shareholders while supporting management incentive alignment.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK104.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.

Scandi Standard Steps Up Share Buy-Backs to Fund 2025 Incentive Scheme

Scandi Standard has continued to execute on its previously announced share buy-back programme, repurchasing 25,000 ordinary shares on Nasdaq Stockholm between 13 and 19 January 2026 for a total of approximately SEK 2.45 million, at weighted average prices just below SEK 100 per share. Since the programme started in December 2025, the company has bought back 45,000 shares out of an authorised maximum of 474,000, bringing its total treasury holding to 665,141 shares out of 66,060,890 outstanding, with the transactions carried out by ABG Sundal Collier under EU market abuse and Nasdaq safe-harbour rules to secure shares and hedge costs for the group’s 2025 long-term incentive plan, signalling continued commitment to equity-based compensation and capital management that may modestly reduce free float over time.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK104.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.

Scandi Standard Steps Up Share Buy-Back to Fund 2025 Incentive Plan

Scandi Standard has repurchased 20,000 of its own ordinary shares on Nasdaq Stockholm between 7 and 12 January 2026, at a total transaction value of about SEK 1.96 million, as part of the share buy-back programme launched in December 2025 that allows for up to 474,000 shares to be bought back. The repurchases, executed independently by ABG Sundal Collier AB and conducted under EU market abuse and safe-harbour rules, are intended to secure share delivery and hedge costs for the company’s 2025 long-term incentive programme, bringing Scandi Standard’s treasury shareholding to 640,141 ordinary shares out of a total 66,060,890 outstanding, and signalling continued use of equity-based remuneration for management and key staff.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK104.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.

Scandi Standard Secures Second Straight CDP ‘A’ for Climate Work

Scandi Standard, the Nordic and Irish poultry producer with operations across seven European countries and a portfolio of leading local chicken brands, underpins its growth strategy on the rising demand for locally produced food while expanding exports to international markets. The company has been awarded an ‘A’ rating for climate action by CDP for the second consecutive year, reflecting its integration of climate initiatives into daily operations, structured governance and science-based targets, and the embedding of climate objectives into financial processes and incentives. Management says this forward-looking approach to climate and sustainability strengthens the group’s competitiveness and helps it meet growing expectations from customers, investors and regulators, underscoring sustainability as a core driver of long-term value creation.

The most recent analyst rating on (SE:SCST) stock is a Hold with a SEK105.00 price target. To see the full list of analyst forecasts on Scandi Standard AB stock, see the SE:SCST Stock Forecast page.