Skane-moellan AB (SKMO) AI Stock Analysis

• Market Cap: kr531.30M
• Dividend Yield: 2.43%
• Average Volume (3M): 272.00
• Price to Earnings (P/E): 47.9
• Beta (1Y): -0.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 28
• Sector: Services
• Sector Strength: N/A
• Industry: Packaged Foods
• EPS (TTM): 0.24
• Shares Outstanding: 11,000,000
• 10 Day Avg. Volume: 114
• 30 Day Avg. Volume: 272
• PEG Ratio: -1.87
• Price to Book (P/B): 4.10
• Price to Sales (P/S): 2.75
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: kr50.00 ▼(-13.49% Downside)
• Action: Reiterated Date: 02/01/26
• Date: Action: Reiterated 02/01/26

The score is primarily supported by strong financial stability (zero debt and solid equity), but is held back by deteriorating operating trends and volatile free cash flow. Technicals remain weak with the stock below major moving averages, and valuation is unfavorable given the high P/E with only a modest dividend yield.

Positive Factors

Balance Sheet Strength

Zero reported debt and stable equity give durable financial flexibility. This capital structure reduces refinancing and interest-rate risk, supports capital allocation for maintenance or selective growth, and provides a cushion to withstand cyclical swings in grain prices or demand over 2–6 months.

Operating Cash Flow

Consistent positive operating cash flow demonstrates the business can convert sales into cash to cover operations and working capital. That enduring cash generation capacity supports near-term investment, supplier relationships, and operational continuity even if revenue growth is muted.

Consistent Profitability

Sustained positive earnings and operating margins, albeit reduced, indicate the core milling business remains economically viable. Continued profitability underpins the firm's ability to fund operations, pay modest dividends, and retain management flexibility through industry cycles.

Negative Factors

Revenue Decline

A multi-year downward revenue trend signals structural demand or market-share pressures. Persisting volume or price declines reduce scale benefits, limit margin recovery, and constrain the company's ability to reinvest in product mix upgrades or efficiency improvements over the medium term.

Volatile Free Cash Flow

Large swings in free cash flow undermine planning for capex, debt servicing (if needed) and distributions. Even with positive operating cash flow, inconsistent post-investment cash limits the firm's ability to pursue steady growth initiatives or absorb supply-chain shocks without external financing.

Margin Compression & Lower Returns

Material margin and ROE deterioration signal weakening profitability power. Lower returns reduce internal funding capacity, impair competitive reinvestment, and leave less buffer against commodity cost swings—constraints that weigh on sustainable earnings recovery.

Skane-moellan AB Business Overview & Revenue Model

Company Description

Skåne-möllan AB (publ) engages in the production and sale of flour and cereal products to bakeries, food industries, and consumers in Sweden. It offers organic wheat, organic cut rye, whole grain wheat, bakery wheat, graham, rye, and barley flour products; heat treated grain products; oat flour and oat flakes; and oat kernels. The company sells its flour products under the Möllarens brands. Skåne-möllan AB (publ) was founded in 1971 and is based in Tågarp, Sweden.

How the Company Makes Money

Skane-moellan AB Financial Statement Overview

Summary

Balance sheet is a major strength with zero debt and stable equity, providing high financial flexibility. However, operating performance has weakened: revenue declined (notably -6.5% in 2025) and net margins compressed to ~4.7%. Cash generation is mixed with positive operating cash flow but highly volatile free cash flow (down to zero in 2025).

Income Statement

The company remains profitable, but operating performance has weakened. Revenue has been slightly down for several years and fell more sharply in 2025 (-6.5% vs. 2024). Profitability has compressed meaningfully from 2020–2021 levels (net margin ~10%) to 2025 (net margin ~4.7%), with EBIT also down notably versus 2024. Strengths are consistent positive earnings and still-positive operating margins, but the recent trend shows decelerating demand and margin pressure.

Balance Sheet

Balance sheet strength is a clear positive: total debt is reported at zero across all periods, and equity is stable (~SEK 158–163m) with a low-risk capital structure. Returns on equity remain positive but have stepped down from the 2020–2022 range (roughly mid-teens) to ~7.0% in 2025, reflecting weaker profitability rather than leverage. Overall, financial flexibility is high with limited balance-sheet risk.

Cash Flow

Cash generation is mixed. Operating cash flow is positive in most years and improved in 2025 (SEK 24.8m), supporting reported earnings (cash flow above net income in 2025). However, free cash flow has been volatile: strong in 2023–2024 but dropped to zero in 2025 (a -100% decline), indicating heavier investment or working-capital drag. The business can generate cash, but consistency of cash available after reinvestment is a key weakness.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	252.90M	236.40M	265.00M	271.13M	271.96M	213.96M
Gross Profit	46.40M	39.00M	47.20M	44.58M	54.82M	51.39M
EBITDA	22.10M	11.80M	23.20M	21.70M	31.02M	32.59M
Net Income	15.80M	11.10M	16.20M	14.79M	20.78M	21.91M
Balance Sheet
Total Assets	184.40M	187.30M	194.70M	200.94M	193.90M	190.49M
Cash, Cash Equivalents and Short-Term Investments	48.50M	67.20M	60.20M	61.63M	44.30M	72.43M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	32.30M	29.00M	31.60M	38.80M	31.07M	33.36M
Stockholders Equity	152.10M	158.30M	163.10M	162.14M	162.83M	157.13M
Cash Flow
Free Cash Flow	23.60M	0.00	13.36M	33.72M	-12.35M	19.29M
Operating Cash Flow	25.10M	24.80M	19.80M	41.03M	-6.78M	33.37M
Investing Cash Flow	-7.00M	-2.40M	-5.80M	-8.31M	-5.94M	2.22M
Financing Cash Flow	0.00	-15.40M	-15.40M	-15.40M	-15.40M	-13.20M

Skane-moellan AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASE	61 Neutral	kr720.93M	17.14	―	―	34.18%	242.91%
SKMO	58 Neutral	kr531.30M	47.86	―	2.43%	―	―
NNH	57 Neutral	kr122.36M	14.93	―	―	5.91%	―
SNX	56 Neutral	kr519.58M	20.68	―	0.51%	22.02%	127.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SCST	55 Neutral	kr8.48B	23.13	―	2.56%	7.37%	2.90%