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Axfood AB (publ) (AXFO.ST)

SEK227.50 -39.80 (-14.89%)
SE STO Consumer Defensive Grocery Stores
Address Norra Stationsgatan 80 C 107 69
Stockholm, SE
CEO Simone Margulies
Website axfood.se
IPO 2000-02-21
ISIN SE0006993770

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Also trades on CBOE Europe · AXFOS.XD (SEK) Other OTC · AXFOF (USD) Other OTC · AXFOY (USD) Stockholm Stock Exchange · AXFO.ST (SEK)
Description

Axfood AB (publ) is a leading Swedish entity specializing in both food retail and wholesale activities. The company's operations are divided into key segments such as Willys, Hemköp, Dagab, and Axfood Snabbgross. For its retail presence, Axfood manages the Willys, Hemköp, and Eurocash supermarket chains, in addition to the online grocery platform Mat.se. Beyond its core retail and e-commerce ventures, the firm also develops and markets private label products. Its extensive offerings include the Middagsfrid meal kit home delivery service, the combined restaurant and market hall concept Urban Deli, and the online pharmacy solution Apohem. On the wholesale side, Axfood serves a wide range of clients, including restaurants, various foodservice operators, cafés, independently owned retail stores, convenience stores, mini-marts, and service stations. The company directly owns and operates 65 Hemköp, 219 Willys, and 26 Snabbgross outlets, while also overseeing 133 Hemköp and 126 Tempo franchise locations. Founded in 1958 and based in Stockholm, Sweden, Axfood AB (publ) is a subsidiary of Axel Johnson AB.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK227.50 -39.80 (-14.89%)
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Volume Profile
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Liquidity & share structure
Average Volume
345.8K
Beta
0.60
Float Shares
105.25M
Free Float %
48.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.11% -2.37% -6.42% -19.82% -2.30% -8.56% -5.72% +8.56% +16.33% +75.84% +1,377.87%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
227.50
DCF (Unlevered) 526.81 +131.6%
DCF (Levered) 434.13 +90.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 14% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 5 0
Sell 0 0
Strong Sell 1 +1
Quality scores
Altman Z-Score
3.64
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Grocery Stores: +6.0%
    +6.1% ★ Q1'26: +2.6% (vs Q1'25)
  • ✓
    EPS growth Grocery Stores: +8.6%
    +6.7% Q1'26: +15.9% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Grocery Stores: +22.1%
    +5.9% ★ Q1'26: +2.5% (vs Q1'25)
  • ✗
    EBIT margin Grocery Stores: +4.2%
    +4.1% Q1'26: +3.8% (vs Q1'25)
  • ✗
    ROIC Grocery Stores: +9.0%
    +12.9% ★ Q1'26: +11.6% (vs Q1'25)
  • ✓
    Share dilution Grocery Stores: +0.1%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Grocery Stores: 0.58×
    1.99× Q1'26: 2.18× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.62) × ERP
WACC = 79% × Ke + 21% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 526.81 Current price: 227.50
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
7 Rev. Ana.
6 EPS Ana. 		Dec 2027
7 Rev. Ana.
6 EPS Ana. 		Dec 2028
6 Rev. Ana.
6 EPS Ana. 		Dec 2029
5 Rev. Ana.
4 EPS Ana. 		Dec 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
41.25B
est: 41.10B (+0.4%)
43.36B
est: 43.41B (-0.1%)
45.97B
est: 45.93B (+0.1%)
48.09B
est: 48.00B (+0.2%)
50.74B
est: 50.77B (-0.1%)
53.70B
est: 53.75B (-0.1%)
57.89B
est: 57.49B (+0.7%)
73.47B
est: 73.44B (+0.0%)
81.11B
est: 82.36B (-1.5%)
84.06B
est: 84.14B (-0.1%)
89.15B
est: 89.46B (-0.3%)
92.69B
92.25B – 93.20B
+3.6% YoY
97.17B
96.43B – 97.82B
+4.8% YoY
101.23B
100.82B – 101.64B
+4.2% YoY
103.49B
102.84B – 104.12B
+2.2% YoY
107.40B
106.73B – 108.05B
+3.8% YoY
EBITDA
2.43B
est: 3.40B (-28.7%)
2.62B
est: 3.59B (-27.1%)
2.63B
est: 3.80B (-30.8%)
2.81B
est: 3.97B (-29.4%)
4.46B
est: 4.20B (+6.0%)
4.76B
est: 4.45B (+7.0%)
5.10B
est: 4.76B (+7.2%)
5.78B
est: 6.08B (-5.0%)
6.41B
est: 6.79B (-5.5%)
6.68B
est: 6.93B (-3.7%)
7.74B
est: 7.37B (+4.9%)
7.64B
7.60B – 7.68B
+3.6% YoY
8.01B
7.95B – 8.06B
+4.8% YoY
8.34B
8.31B – 8.38B
+4.2% YoY
8.53B
8.48B – 8.58B
+2.2% YoY
8.85B
8.80B – 8.90B
+3.8% YoY
EBIT
1.75B
est: 1.80B (-2.6%)
1.90B
est: 1.90B (+0.2%)
1.89B
est: 2.01B (-5.8%)
2.05B
est: 2.10B (-2.4%)
2.29B
est: 2.22B (+3.3%)
2.51B
est: 2.35B (+6.8%)
2.71B
est: 2.51B (+7.7%)
3.19B
est: 3.21B (-0.4%)
3.42B
est: 3.50B (-2.4%)
3.30B
est: 3.58B (-7.7%)
3.66B
est: 3.81B (-3.9%)
3.94B
3.92B – 3.96B
+3.6% YoY
4.13B
4.10B – 4.16B
+4.8% YoY
4.31B
4.29B – 4.32B
+4.2% YoY
4.40B
4.37B – 4.43B
+2.2% YoY
4.57B
4.54B – 4.60B
+3.8% YoY
Net Income
1.36B
est: 1.40B (-2.7%)
1.47B
est: 1.55B (-5.1%)
1.46B
est: 1.52B (-3.6%)
1.55B
est: 1.60B (-2.8%)
1.65B
est: 1.71B (-3.7%)
1.91B
est: 1.93B (-1.1%)
2.15B
est: 2.10B (+2.5%)
2.36B
est: 2.54B (-7.1%)
2.36B
est: 2.39B (-1.3%)
2.19B
est: 2.30B (-4.9%)
2.34B
est: 2.41B (-3.0%)
2.71B
2.61B – 2.79B
+12.4% YoY
3.04B
2.95B – 3.16B
+12.0% YoY
3.18B
2.95B – 3.47B
+4.8% YoY
3.19B
3.16B – 3.21B
+0.2% YoY
3.38B
3.35B – 3.41B
+6.0% YoY
SGA
4.49B
est: 4.67B (-4.0%)
4.72B
est: 4.93B (-4.4%)
5.24B
est: 5.22B (+0.4%)
5.61B
est: 5.45B (+2.8%)
6.13B
est: 5.77B (+6.2%)
6.62B
est: 6.11B (+8.3%)
6.88B
est: 6.53B (+5.2%)
7.86B
est: 8.35B (-5.8%)
8.64B
est: 9.24B (-6.4%)
9.48B
est: 9.43B (+0.4%)
10.31B
est: 10.03B (+2.8%)
10.39B
10.34B – 10.45B
+3.6% YoY
10.90B
10.81B – 10.97B
+4.8% YoY
11.35B
11.31B – 11.40B
+4.2% YoY
11.60B
11.53B – 11.68B
+2.2% YoY
12.04B
11.97B – 12.12B
+3.8% YoY
EPS
6.43
est: 6.45 (-0.3%)
6.96
est: 7.16 (-2.8%)
6.92
est: 7.00 (-1.2%)
7.35
est: 7.37 (-0.2%)
7.80
est: 7.89 (-1.2%)
9.04
est: 8.89 (+1.6%)
10.19
est: 9.67 (+5.3%)
11.07
est: 11.72 (-5.5%)
10.92
est: 11.07 (-1.4%)
10.16
est: 10.63 (-4.4%)
10.84
est: 11.18 (-3.0%)
12.54
12.05 – 12.87
+12.2% YoY
14.03
13.61 – 14.59
+11.9% YoY
14.91
13.58 – 15.98
+6.3% YoY
14.71
14.59 – 14.83
-1.4% YoY
15.59
15.46 – 15.71
+6.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-28 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-27 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-26 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-25 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-22 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-21 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-20 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-19 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-18 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-15 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-13 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-12 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-11 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-08 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-07 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-06 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-05 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-04 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-30 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
5.81B
OE per share TTM
26.79
Owner's Yield
10.20%
Maintenance CapEx ratio
86.54%
Maint CapEx / Avg PPE
19.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 139 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 NYLI International Small-Mid Cap Equity ETF NISM 1.18% 295.3K 0.70%
2 UBS S&P Dividend Aristocrats ESG Elite UCITS ETF USD dis UBUM.DE 0.55% 1.13M 0.30%
3 iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE 0.40% 2.72M 0.20%
4 iShares OMX Stockholm Capped UCITS ETF OM3X.DE 0.35% 749.7K 0.10%
5 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA 0.21% 726.8K 0.23%
6 Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE 0.21% 726.8K 0.23%
7 iShares MSCI Europe Small-Cap ETF IEUS 0.19% 338.3K 0.41%
8 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.19% 6.45M 0.30%
9 State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE 0.15% 1.18M 0.30%
10 Xtrackers FTSE Developed ex US Multifactor ETF DEEF 0.15% 81.5K 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
243.9K
Shares Outstanding
215.92M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Simone Margulies President & Chief Executive Officer 14M female
Anders Lexmon Chief Financial Officer — male
Carl Stenbeck Head of Strategy & Business Development — male
Eva Pettersson Managing Director of Axfood Snabbgross — female
Karin Hedlund Head of IT — female
Alexander Bergendorf Head of Investor Relations — male
Nicholas Pettersson Managing Director of Willys — male
Sandra Branstad General Counsel & Company Secretary — female
Sara Kraft Westrell Head of Corporate Communications — female
Monica Langbo Head of Human Resources — female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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