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Scandic Hotels Group AB (SE:SHOT)
:SHOT

Scandic Hotels Group AB (SHOT) AI Stock Analysis

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SE:SHOT

Scandic Hotels Group AB

(SHOT)

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Neutral 53 (OpenAI - 5.2)
Rating:53Neutral
Price Target:
kr86.00
▲(1.47% Upside)
Action:ReiteratedDate:02/19/26
The score is held back primarily by balance-sheet risk from very high leverage and a weak technical setup (below major moving averages with negative MACD). Offsetting factors include solid post-pandemic operating performance with strong cash generation and a high dividend yield, though the elevated P/E and thin net margins limit upside confidence.
Positive Factors
Consistent operating and free cash flow
Sustained operating and free cash flow across 2021–2025 provides durable internal funding for maintenance capex, working capital and discretionary uses. That cash conversion supports reinvestment and debt servicing capacity, underpinning the firm's long-term operational resilience.
Strong operating profitability (EBITDA)
A sustained ~30% EBITDA margin since the post‑pandemic recovery indicates efficient core hotel operations and pricing power at the operating level. High EBITDA relative to peers supports coverage of fixed costs and funds discretionary initiatives even if net margins remain compressed.
Diversified revenue streams and regional footprint
Multiple revenue streams — rooms, food & beverage, meetings/events and ancillary services — plus operations across Nordic countries and Germany reduce single‑market exposure. This diversification smooths demand cycles and supports stable revenue capture from business and leisure segments.
Negative Factors
Very high leverage and concentrated debt increase
Extremely elevated debt-to-equity and a sharp debt increase in 2025 materially raise refinancing and interest‑rate risk, constrain strategic flexibility, and increase default sensitivity during downturns. Heavy leverage limits capacity to invest or absorb shocks over the medium term.
Thin net profit margins
Despite healthy EBITDA, narrow net margins leave limited cushion for non‑operating costs, interest expense and tax. This compresses retained earnings, restricts organic capital build‑up and makes earnings more sensitive to cost inflation or transient revenue setbacks.
Free cash flow volatility and recent decline
Volatile FCF and a 2025 decline reduce predictability of debt reduction and payouts. Irregular cash conversion complicates planning for maintenance capex and debt maturities, increasing refinancing needs and the company's vulnerability during periods of tighter liquidity.

Scandic Hotels Group AB (SHOT) vs. iShares MSCI Sweden ETF (EWD)

Scandic Hotels Group AB Business Overview & Revenue Model

Company DescriptionScandic Hotels Group AB (publ), together with its subsidiaries, operates and franchises hotels in Sweden, Norway, Finland, Denmark, Germany, Poland, and other European Countries. The company operates hotels under the Scandic, Hilton, Holiday Inn, Crown Plaza, and Indigo brands. As of June 10, 2022, it operated approximately 280 hotels. The company was founded in 1963 and is headquartered in Stockholm, Sweden.
How the Company Makes MoneyScandic Hotels Group AB generates revenue primarily through its hotel operations, which include room bookings, food and beverage sales, and event hosting services. The company earns money from both direct bookings via its website and mobile app as well as through travel agencies and corporate contracts. Key revenue streams include accommodation revenue from guests, conference and meeting space rentals, and restaurant and bar sales within the hotels. Additionally, Scandic Hotels benefits from partnerships with travel agencies, online travel platforms, and corporate clients, which help to drive occupancy rates and increase overall sales. The company's focus on sustainability and customer loyalty programs also contribute to repeat business and enhanced brand reputation, further supporting its revenue generation efforts.

Scandic Hotels Group AB Financial Statement Overview

Summary
Operating recovery and cash generation are solid (positive net income since 2022, ~30% EBITDA margin in 2022–2025, consistently strong operating and free cash flow). However, the balance sheet is a major risk with extremely high leverage (very high debt-to-equity, with a sharp debt increase in 2025), and net margins remain thin (~2–3%) with a weaker 2025 gross margin data point.
Income Statement
66
Positive
Profitability has largely normalized after the 2020–2021 loss period, with positive net income since 2022 and solid operating profitability (EBITDA margin ~30% in 2022–2025). Revenue rebounded sharply in 2022 and then stabilized in 2023–2024, with a strong re-acceleration in 2025 (annual revenue growth ~40%). Offsetting this, net profit margins remain thin (~2–3%), and the 2025 gross margin data point is notably weaker versus prior years, suggesting potential cost pressure or non-recurring items that reduce confidence in margin stability.
Balance Sheet
22
Negative
Leverage is the key weakness: debt-to-equity is extremely high across the period (roughly mid-teens to 30x+), and 2025 shows a particularly sharp jump in total debt alongside relatively modest equity. While returns on equity were strong in 2022–2024 (reflecting the earnings recovery), the capital structure remains heavily debt-loaded, which reduces financial flexibility and increases sensitivity to downturns and refinancing conditions.
Cash Flow
63
Positive
Cash generation is a clear strength, with consistently strong operating cash flow and free cash flow from 2021–2025. Free cash flow generally tracks earnings reasonably well, supporting reported profitability quality. The main drawback is volatility in free cash flow growth (notably a decline in 2025) and operating cash flow not consistently fully covering accounting earnings in every year, indicating some working-capital or timing swings.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue22.29B21.96B21.93B19.23B10.09B
Gross Profit2.79B13.38B11.13B12.15B5.91B
EBITDA6.78B6.75B6.57B5.80B2.64B
Net Income625.00M643.00M532.00M394.00M-1.68B
Balance Sheet
Total Assets52.53B53.84B53.96B50.95B44.76B
Cash, Cash Equivalents and Short-Term Investments950.00M846.00M1.34B317.00M216.00M
Total Debt85.70B45.38B45.57B42.92B38.85B
Total Liabilities49.56B50.47B51.79B48.67B43.60B
Stockholders Equity2.90B3.27B2.06B2.20B1.11B
Cash Flow
Free Cash Flow5.27B6.39B5.87B5.80B3.19B
Operating Cash Flow6.40B6.39B6.39B6.43B3.70B
Investing Cash Flow-1.12B-1.06B-521.00M-635.00M-513.00M
Financing Cash Flow-5.22B-5.80B-4.84B-5.67B-2.95B

Scandic Hotels Group AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price84.75
Price Trends
50DMA
91.33
Negative
100DMA
90.15
Negative
200DMA
86.10
Negative
Market Momentum
MACD
-1.56
Positive
RSI
39.71
Neutral
STOCH
27.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SHOT, the sentiment is Negative. The current price of 84.75 is below the 20-day moving average (MA) of 88.68, below the 50-day MA of 91.33, and below the 200-day MA of 86.10, indicating a bearish trend. The MACD of -1.56 indicates Positive momentum. The RSI at 39.71 is Neutral, neither overbought nor oversold. The STOCH value of 27.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SHOT.

Scandic Hotels 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
70
Outperform
kr37.64B11.996.23%2.15%2.86%
65
Neutral
kr13.60B23.8616.20%1.79%1.80%28.19%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
53
Neutral
kr18.17B29.1321.87%5.28%1.45%34.85%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:SHOT
Scandic Hotels Group AB
84.75
2.28
2.76%
SE:PNDX.B
Pandox AB
195.00
1.58
0.82%
SE:SKIS.B
SkiStar AB Class B
172.20
4.75
2.83%

Scandic Hotels Group AB Corporate Events

Scandic Hotels posts solid 2025 growth as expansion and Dalata integration boost scale
Feb 18, 2026

Scandic Hotels Group reported modest top-line growth for the fourth quarter and full year 2025, with net sales up about 2 percent in the quarter and 1.5 percent for the year, driven by organic growth, higher occupancy and improved RevPAR. Profitability softened slightly as operating profit and adjusted EBITDA declined year-on-year, pressured by a weak Finnish market, higher central costs tied to commercial initiatives and one-off restructuring and transaction expenses, although free cash flow improved and leverage fell to zero times adjusted EBITDA.

The board proposed a dividend of SEK 2.60 per share, representing roughly 53 percent of net profit excluding IFRS 16, underscoring confidence in Scandic’s cash generation and balance sheet strength. Operationally, the group expanded its footprint with new hotels in Stuttgart and Florø, advanced its entry into Dalata Hotel Group’s operations under a management agreement ahead of a planned 2026 integration, and signed new pipeline projects in Hamburg, Stavanger and Tromsø, leaving Scandic nearly 25 percent larger in room count and reinforcing its growth ambitions in Germany and key Nordic cities despite regional demand challenges.

The most recent analyst rating on (SE:SHOT) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

Scandic Hotels to Add New Scandic Go Economy Hotel in Central Stavanger
Feb 5, 2026

Scandic Hotels Group is expanding its economy-brand footprint in Norway with a new 152-room Scandic Go hotel in central Stavanger, slated to begin redevelopment in 2027 and open in 2028 within the Ankerkvartalet complex. The project, developed in partnership with property owner SVG Property, underscores Scandic’s strategy to lead the fast-growing economy hotel segment by converting existing urban buildings into affordable, design-focused, self-service hotels that cater to both business and leisure travelers in one of Norway’s key economic hubs. The Stavanger property, Scandic’s sixth hotel in the city and third Scandic Go in Norway after Oslo and Tromsø, will prioritize sustainability through Nordic Swan Ecolabel certification and extensive use of recycled materials, reinforcing the group’s environmental positioning while tapping into expected continued growth in the Norwegian hotel market.

The most recent analyst rating on (SE:SHOT) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

Scandic Hotels Sets February 18 Webcast for Q4 and Year-End 2025 Results
Feb 4, 2026

Scandic Hotels Group has scheduled the presentation of its Q4 and full-year 2025 results for February 18, 2026, with the report to be published early that morning and discussed in an English-language webcast and telephone conference later the same day. President and CEO Jens Mathiesen together with CFO Pär Christiansen will lead the presentation, which will be accessible online, offering investors and other stakeholders an opportunity to review the company’s latest financial performance and pose questions directly to management.

The most recent analyst rating on (SE:SHOT) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

Scandic to Open New Scandic Go Economy Hotel in Growing Tromsø Market
Jan 15, 2026

Scandic Hotels Group is expanding its presence in Norway with a new Scandic Go hotel in central Tromsø, its second under the economy brand in the country, under a long-term lease with property owner Nordlyskvartalet AS. The approximately 170-room new-build, scheduled to start construction after summer 2026 and open in 2028 as part of a mixed-use development, will make Tromsø the first non-capital city to host all three of Scandic’s brands, reinforcing the group’s push into the fast-growing economy segment and consolidating its position in a destination with strong tourism growth. Designed for modern, price-conscious travelers with self-service, 24/7 street‑food‑inspired offerings and practical amenities, the hotel will follow Scandic’s sustainability profile by targeting Nordic Swan Ecolabel certification and prioritizing recycled materials, signaling continued investment in environmentally responsible growth and a deeper, long-term commitment to the Tromsø market alongside its existing Scandic Ishavshotel and The Dock 69°39 by Scandic.

The most recent analyst rating on (SE:SHOT) stock is a Buy with a SEK101.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

Scandic Hotels Expands into Stuttgart with New Hotel Opening
Dec 3, 2025

Scandic Hotels Group AB has opened its first hotel in Stuttgart, Germany, marking an important expansion in a key European business hub known for its automotive and technology industries. The new Scandic Stuttgart Europaviertel hotel, with 174 rooms, aims to cater to both business and leisure travelers, enhancing Scandic’s presence in Germany where it now operates eight hotels. This opening aligns with Scandic’s growth strategy to add 10,000 new rooms by 2030, including significant expansion in Germany.

The most recent analyst rating on (SE:SHOT) stock is a Sell with a SEK85.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

Scandic Hotels Expands with New Franchise in Florø
Dec 1, 2025

Scandic Hotels Group has opened its first franchise hotel in Florø, Norway, marking a significant step in its growth strategy which emphasizes expanding through franchise hotels. This move strengthens Scandic’s presence in western Norway and aligns with its plan to add 10,000 new rooms by 2030, half of which will be under the Scandic Go brand. The partnership with the Helle family aims to enhance the guest experience and solidify Scandic’s position as a leading hotel company in the Nordics. This expansion is part of Scandic’s broader strategy to grow its portfolio and provide more options for guests, contributing to its ambitious growth targets.

The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK89.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.

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: Feb 19, 2026