Synsam AB (SYNSAM) AI Stock Analysis

• Market Cap: kr8.21B
• Dividend Yield: 3.28%
• Average Volume (3M): 118.88K
• Price to Earnings (P/E): 20.6
• Beta (1Y): 0.78
• Revenue Growth: 10.06%
• EPS Growth: 15.71%
• Country: SE
• Employees: 3,739
• Sector: Services
• Sector Strength: N/A
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 0.79
• Shares Outstanding: 147,864,490
• 10 Day Avg. Volume: 138,909
• 30 Day Avg. Volume: 118,877
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• 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: kr60.00
• Price Target Upside: 7.72% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: kr60.00 ▲(7.72% Upside)

Synsam AB's strong financial performance is the most significant factor, supported by robust revenue and profit growth, and efficient cash flow management. The technical analysis indicates a neutral to slightly bearish trend, while the valuation is fair with a reasonable P/E ratio and attractive dividend yield. The absence of earnings call data and corporate events does not impact the overall score.

Synsam AB Business Overview & Revenue Model

Company Description

Synsam AB (SYNSAM) is a leading optical retailer in the Nordic region, specializing in the sale of prescription glasses, contact lenses, sunglasses, and other optical products. The company operates a network of stores across Sweden, Norway, Denmark, and Finland, offering a diverse range of eyewear products and optician services. Synsam is known for its focus on high-quality products, customer service, and innovative eyewear solutions.

How the Company Makes Money

Synsam AB generates revenue primarily through the sale of optical products, including prescription glasses, contact lenses, sunglasses, and accessories. The company's revenue model is based on both direct retail sales through its network of physical stores and online platforms. Additionally, Synsam offers optician services, eye examinations, and vision correction solutions, which contribute to its earnings. The company may also engage in strategic partnerships with eyewear brands and suppliers to enhance its product offerings, though specific details on such partnerships are not disclosed. Synsam's focus on customer experience, product innovation, and expanding its reach in the Nordic market are key factors that drive its revenue growth.

Synsam AB Financial Statement Overview

Summary

Synsam AB shows strong financial health with impressive revenue and profit growth, strong operational margins, and efficient cash flow management. The balance sheet is stable, though the debt level requires monitoring.

Income Statement

Synsam AB demonstrates strong revenue growth with a 11.8% increase from 2023 to 2024 and a further 2.9% in the TTM period. The gross profit margin remains healthy at approximately 59.4% for TTM, indicating effective cost management. The net profit margin is solid at 6.0% for TTM, showing profitability, albeit with slight fluctuations. The EBIT and EBITDA margins are robust, underscoring operational efficiency, with EBIT at 15.0% and EBITDA at 24.5% for TTM.

Balance Sheet

The balance sheet shows a stable equity ratio of around 30.3% in TTM, reflecting decent financial stability. The debt-to-equity ratio is slightly elevated at 1.40, which could pose some leverage risk, yet remains manageable. Return on equity is strong at 16.0% for TTM, indicating good returns on shareholder investments.

Cash Flow

The company has exhibited a healthy free cash flow growth of 13.1% in the TTM period, highlighting strong cash generation capabilities. The operating cash flow to net income ratio of 2.58 in TTM indicates efficient cash flow management. Furthermore, the free cash flow to net income ratio is robust at 1.58, displaying effective cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.43B	5.91B	5.35B	4.73B	3.86B
Gross Profit	4.84B	4.46B	4.07B	3.64B	2.91B
EBITDA	1.48B	1.35B	1.40B	879.00M	904.00M
Net Income	366.00M	311.00M	328.00M	51.00M	-195.20M
Balance Sheet
Total Assets	8.24B	8.04B	8.02B	7.60B	7.26B
Cash, Cash Equivalents and Short-Term Investments	420.00M	582.00M	444.00M	755.00M	808.60M
Total Debt	3.42B	3.25B	3.40B	3.13B	7.05B
Total Liabilities	5.69B	5.52B	5.43B	5.12B	8.83B
Stockholders Equity	2.56B	2.52B	2.58B	2.48B	-1.57B
Cash Flow
Free Cash Flow	556.00M	903.00M	308.00M	708.00M	737.70M
Operating Cash Flow	933.00M	1.15B	690.00M	980.00M	898.50M
Investing Cash Flow	-398.00M	-270.00M	-385.00M	-283.00M	-165.50M
Financing Cash Flow	-672.00M	-712.00M	-631.00M	-780.00M	-131.60M

Synsam AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 55.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SYNSAM, the sentiment is Positive. The current price of 55.7 is above the 20-day moving average (MA) of 54.24, above the 50-day MA of 54.76, and above the 200-day MA of 47.45, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 59.26 is Neutral, neither overbought nor oversold. The STOCH value of 84.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SYNSAM.

Synsam AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYNSAM	73 Outperform	kr8.21B	20.57		3.28%	10.06%	15.71%
BRE2	68 Neutral	kr3.12B	28.15		2.76%	9.75%	12.84%
BETCO	67 Neutral	kr8.46B	24.05		―	7.06%	1.68%
EWRK	66 Neutral	kr1.88B	15.96		6.42%	-13.04%	-7.85%
FG	64 Neutral	kr1.88B	189.47		4.89%	3.60%	-100.91%
Sector *	56 Neutral	$1.82B	6.14	5.30%	2.64%	5.38%	-37.86%

Synsam AB Corporate Events

Synsam Secures New Loan Facilities to Optimize Financing

Synsam has secured new five-year loan facilities totaling SEK 3,500 million to refinance existing bank loans, which is expected to reduce future financing costs. This strategic refinancing involves partnerships with Danske Bank, Nordea, and Swedbank, and will result in certain financial expenses in Q2 2025, impacting the company’s financial items.

The most recent analyst rating on (SE:SYNSAM) stock is a Hold with a SEK55.00 price target. To see the full list of analyst forecasts on Synsam AB stock, see the SE:SYNSAM Stock Forecast page.

Synsam AB: Ownership Transition and Board Changes

Theia Holdings, owned by CVC Capital Partners, has sold its entire 16.5% stake in Synsam AB, marking a significant change in the company’s ownership structure. This sale concludes CVC’s involvement as a major shareholder, leading to changes in Synsam’s board of directors, with CVC representatives stepping down. The transition is seen as a new phase in Synsam’s growth journey, with the company continuing to build on its established success in the optical retail industry.

The most recent analyst rating on (SE:SYNSAM) stock is a Hold with a SEK55.00 price target. To see the full list of analyst forecasts on Synsam AB stock, see the SE:SYNSAM Stock Forecast page.

Synsam AB Adjusts Share Count Following Cancellation

Synsam AB has announced a change in the number of shares and votes following the cancellation of 2,135,506 own shares, resulting in a new total of 147,864,494 shares and votes as of May 30, 2025. This adjustment reflects the company’s strategic financial decisions and could impact its market positioning and shareholder value.

The most recent analyst rating on (SE:SYNSAM) stock is a Hold with a SEK55.00 price target. To see the full list of analyst forecasts on Synsam AB stock, see the SE:SYNSAM Stock Forecast page.