Synsam AB (SE:SYNSAM)
:SYNSAM
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Synsam AB
(SYNSAM)
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Rating:69Neutral
Price Target:
kr75.00
▲(13.12% Upside)
Action:DowngradedDate:02/21/26
The score is primarily supported by improving financial performance and strong, recurring free cash flow. It is tempered by balance-sheet leverage (and rising debt) plus mixed technical momentum signals, while valuation appears fair with a moderate dividend yield.
Positive Factors
Steady revenue growth
Multi-year top-line growth (2020–2025) shows expanding customer penetration and execution across stores and digital channels. Persistent revenue gains support scale advantages in purchasing, distribution and marketing, helping sustain margins and fund reinvestment over the medium term.
Negative Factors
Meaningful leverage and rising debt
Elevated and rising leverage constrains financial flexibility and increases interest exposure, limiting capacity for strategic investments or cushioning downturns. Continued debt build elevates refinancing and covenant risks and reduces the firm's ability to deploy FCF to growth rather than servicing debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Multi-year top-line growth (2020–2025) shows expanding customer penetration and execution across stores and digital channels. Persistent revenue gains support scale advantages in purchasing, distribution and marketing, helping sustain margins and fund reinvestment over the medium term.
Read all positive factors
Synsam AB (SYNSAM) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr10.26B
Dividend Yield2.71%
Average Volume (3M)223.29K
Price to Earnings (P/E)21.5
Beta (1Y)0.47
Revenue Growth10.01%
EPS Growth18.11%
CountrySE
Employees3,739
SectorServices
Sector StrengthN/A
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.85
Shares Outstanding147,864,490
10 Day Avg. Volume186,482
30 Day Avg. Volume223,288
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)4.00
Price to Sales (P/S)1.38
P/FCF Ratio9.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr75.00Price Target Upside13.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.04
Revenue Forecast (FY)kr7.61B
Synsam AB Business Overview & Revenue Model
Company Description
Synsam AB (publ), through its subsidiaries, operates as an optical retailer in the Nordic Region. The company offers glasses, sunglasses, sports glasses, and contact lenses, as well as glasses and contact lens subscriptions, and eye examination se...
How the Company Makes Money
Synsam AB generates revenue through multiple streams primarily focused on the sale of eyewear products and vision care services. Key revenue sources include the retail sale of prescription glasses, contact lenses, and sunglasses, which are often s...
Synsam AB Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.07B | 6.43B | 5.91B | 5.35B | 4.73B |
| Gross Profit | 727.00M | 4.84B | 4.46B | 4.07B | 3.64B |
| EBITDA | 1.55B | 1.48B | 1.35B | 1.22B | 1.19B |
| Net Income | 454.00M | 366.00M | 311.00M | 328.00M | 51.00M |
Balance Sheet | |||||
| Total Assets | 7.95B | 8.24B | 8.04B | 8.02B | 7.60B |
| Cash, Cash Equivalents and Short-Term Investments | 600.00M | 420.00M | 582.00M | 444.00M | 755.00M |
| Total Debt | 3.96B | 3.42B | 3.25B | 3.40B | 3.13B |
| Total Liabilities | 5.51B | 5.69B | 5.52B | 5.43B | 5.12B |
| Stockholders Equity | 2.44B | 2.56B | 2.52B | 2.58B | 2.48B |
Cash Flow | |||||
| Free Cash Flow | 991.00M | 556.00M | 903.00M | 308.00M | 708.00M |
| Operating Cash Flow | 1.27B | 933.00M | 1.15B | 690.00M | 980.00M |
| Investing Cash Flow | -318.00M | -398.00M | -270.00M | -385.00M | -283.00M |
| Financing Cash Flow | -759.00M | -672.00M | -712.00M | -631.00M | -780.00M |
Synsam AB Technical Analysis
Positive
66.30
Price Trends
65.94
Positive
65.63
Positive
61.46
Positive
Market Momentum
0.75
Negative
60.46
Neutral
66.12
Neutral
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 66.3 is below the 20-day moving average (MA) of 66.76, above the 50-day MA of 65.94, and above the 200-day MA of 61.46, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 60.46 is Neutral, neither overbought nor oversold. The STOCH value of 66.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SYNSAM.
Synsam AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr1.90B | 14.95 | ― | 1.24% | 4.25% | 127.31% | |
69 Neutral | kr10.26B | 21.47 | ― | 2.71% | 10.01% | 18.11% | |
56 Neutral | kr11.53B | -216.77 | -1.61% | ― | 72.20% | -166.05% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
54 Neutral | kr1.18B | 40.00 | ― | 7.11% | -12.29% | -18.24% | |
53 Neutral | kr4.06B | 39.47 | ― | ― | 5.27% | 15.33% | |
46 Neutral | kr1.75B | -14.32 | ― | ― | 8.40% | -101.19% |
* Services Sector Average
SE:SYNSAM
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Synsam AB Corporate Events
Synsam Delivers Record 2025 Earnings on Strong Nordic Growth and Subscription Expansion
Feb 20, 2026
Synsam Group reported a strong fourth quarter and record earnings for 2025, with net sales rising nearly 10 percent for both the quarter and full year, driven by 11.4 percent organic growth and expanding subscription and cash businesses. Profitabi...
Synsam Steps Up Share Buy-Backs to Fine-Tune Capital Structure
Feb 16, 2026
Synsam AB, the Nordic optical retail group listed on Nasdaq Stockholm, has been expanding its presence with more than 600 stores and about 4,000 employees, generating rolling twelve-month sales of roughly SEK 6.9 billion to September 2025. Its str...
Synsam Tightens Capital Structure With Continued Share Buy-Backs
Feb 9, 2026
Synsam AB, a major Nordic optical retailer listed on Nasdaq Stockholm, continues to position itself as an innovative player through subscription services and digitalization in the eye care and eyewear market. With thousands of employees and hundre...
Synsam Steps Up Capital Structure Adjustments With New Share Buy-Backs
Feb 2, 2026
Synsam AB has continued to execute its previously announced share buy-back programme, repurchasing 125,000 shares on Nasdaq Stockholm between 26 and 30 January 2026 as part of a plan of up to SEK 160 million aimed at adjusting its capital structur...
Synsam Continues Share Buy-Back Programme, Lifts Treasury Shareholding
Jan 26, 2026
Synsam AB has repurchased 115,000 of its own shares on Nasdaq Stockholm between 19 and 23 January 2026 under its ongoing share buy-back programme of up to SEK 160 million, which is intended to adjust the company’s capital structure by reduci...
Synsam Continues Share Buy-Back to Adjust Capital Structure
Jan 12, 2026
Synsam AB has repurchased 70,000 of its own shares on Nasdaq Stockholm between 5 and 9 January 2026, as part of its ongoing share buy-back programme of up to SEK 160 million aimed at adjusting the company’s capital structure by reducing its ...
Synsam Continues Share Buy-Back to Adjust Capital Structure
Jan 5, 2026
Synsam AB has continued to execute its previously announced share buy-back programme, repurchasing 55,000 of its own shares on Nasdaq Stockholm between 29 December 2025 and 2 January 2026 as part of a capital structure adjustment aimed at reducing...
Synsam Increases Treasury Stock Through Late-December Share Buybacks
Dec 29, 2025
Synsam AB has continued its share buyback programme, repurchasing its own shares on Nasdaq Stockholm over 22–23 December 2025 through DNB Carnegie Investment Bank acting as its agent. Following these transactions, the company’s treasur...
Synsam Expands Treasury Stock Through Continued Share Buybacks
Dec 22, 2025
Synsam AB has continued to execute its share buyback programme, repurchasing additional shares on Nasdaq Stockholm during the period 15–19 December 2025 through DNB Carnegie Investment Bank acting on its behalf. Following these transactions,...
Synsam AB Executes Share Buy-Back to Optimize Capital Structure
Dec 15, 2025
Synsam AB has repurchased 100,000 of its own shares as part of a share buy-back program aimed at adjusting its capital structure. This initiative, which aligns with EU regulations, reflects Synsam’s strategic efforts to optimize its financia...
Synsam AB Executes Share Buy-Back to Optimize Capital Structure
Nov 24, 2025
Synsam AB has repurchased 90,000 of its own shares between November 17 and November 21, 2025, as part of a share buy-back program aimed at adjusting the company’s capital structure. This initiative, which is compliant with EU regulations, is...
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.