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Kesko Oyj (KESKOB.HE)

EUR19.46 -0.22 (-1.12%)
FI HEL Consumer Defensive Grocery Stores
Address Työpajankatu 12 580
Helsinki, FI
CEO Jorma Rauhala
Website kesko.fi
IPO 2000-01-03
ISIN FI0009000202

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Also trades on CBOE Europe · KESKBH.XD (EUR) NASDAQ Helsinki · KESKOA.HE (EUR) NASDAQ Helsinki · KESKOB.HE (EUR) Other OTC · KKOYF (USD) Other OTC · KKOYY (USD)
Description

Kesko Oyj, a Finnish corporation established in 1940 and based in Helsinki, primarily engages in grocery distribution within Finland. Its operations are divided into three core segments: Grocery Trade, Building and Technical Trade, and Car Trade. The Grocery Trade division manages both wholesale and business-to-business supply of food items, alongside the retail sale of domestic and specialty merchandise. This segment oversees an extensive network of approximately 1,200 K-food retail outlets, including well-known brands like K-Citymarket, K-Supermarket, K-Market, and Neste K. Kesko's Building and Technical Trade segment is responsible for the retail, wholesale, and B2B provision of construction materials, home improvement products, electrical supplies, and heating, electricity, plumbing, and air conditioning (HEPAC) systems. It also includes the sale of leisure goods. This segment operates under various retail banners such as K-Rauta, K-Bygg, Byggmakker, and Onninen for its building and technical offerings, and Intersport and Budget Sport for leisure items, with its presence extending across Finland, Sweden, Norway, and the Baltic states. The Car Trade segment focuses on the import, marketing, and retail of passenger vehicles from brands like Volkswagen, Audi, SEAT, CUPRA, Bentley, and Porsche, as well as Volkswagen and MAN commercial vehicles, all within Finland. Additionally, this segment provides vehicle leasing, repair and maintenance services, spare parts, accessories, and operates the K-Charge electric vehicle charging network throughout Finland.

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
EUR19.46 -0.22 (-1.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
450.4K
Beta
0.80
Float Shares
353.86M
Free Float %
88.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.08% -3.16% +1.91% -5.60% +8.47% +5.86% +0.30% +6.08% -21.61% +132.11% +536.48%
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
19.46
DCF (Unlevered) 30.34 +55.9%
DCF (Levered) 25.50 +31.0%

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) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.56
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Grocery Stores: +6.0%
    +4.7% Q1'26: +7.1% (vs Q1'25)
  • EPS growth Grocery Stores: +8.6%
    +7.4% Q1'26: +8.3% (vs Q1'25)
  • FCF margin FCF growth · Grocery Stores: +22.1%
    +0.4% Q1'26: -1.1% (vs Q1'25)
  • EBIT margin Grocery Stores: +4.2%
    +3.3% Q1'26: +3.4% (vs Q1'25)
  • ROIC Grocery Stores: +9.0%
    +5.2% Q1'26: +5.2% (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×
    3.54× Q1'26: 3.87× (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 (0.82) × ERP
WACC = 70% × Ke + 30% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 29.95 Current price: 19.46
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
5 Rev. Ana.
5 EPS Ana.
Dec 2027
6 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
8.68B
est: 8.68B (0.0%)
10.18B
est: 10.19B (-0.1%)
10.68B
est: 10.69B (-0.1%)
10.38B
est: 10.37B (+0.1%)
10.72B
est: 10.73B (-0.1%)
10.67B
est: 10.49B (+1.7%)
11.30B
est: 11.31B (-0.1%)
11.81B
est: 11.81B (0.0%)
11.78B
est: 11.70B (+0.7%)
11.92B
est: 11.92B (0.0%)
12.47B
est: 12.49B (-0.1%)
13.08B
13.03B – 13.15B
+4.8% YoY
13.58B
13.53B – 13.69B
+3.8% YoY
14.00B
13.99B – 14.00B
+3.1% YoY
14.50B
14.44B – 14.60B
+3.6% YoY
15.00B
14.94B – 15.10B
+3.4% YoY
EBITDA
359.20M
est: 933.88M (-61.5%)
370.30M
est: 1.10B (-66.2%)
401.50M
est: 1.15B (-65.1%)
874.60M
est: 1.12B (-21.6%)
991.20M
est: 1.15B (-14.2%)
1.11B
est: 1.13B (-1.4%)
1.28B
est: 1.22B (+4.9%)
1.32B
est: 1.27B (+4.2%)
1.25B
est: 1.20B (+3.7%)
1.22B
est: 1.23B (-0.3%)
1.01B
est: 1.28B (-21.5%)
1.35B
1.34B – 1.35B
+4.8% YoY
1.40B
1.39B – 1.41B
+3.8% YoY
1.44B
1.44B – 1.44B
+3.1% YoY
1.49B
1.49B – 1.50B
+3.6% YoY
1.54B
1.54B – 1.55B
+3.4% YoY
EBIT
199.60M
est: 536.26M (-62.8%)
156.00M
est: 629.43M (-75.2%)
353.70M
est: 660.35M (-46.4%)
412.20M
est: 640.69M (-35.7%)
504.70M
est: 663.16M (-23.9%)
617.30M
est: 648.11M (-4.8%)
789.00M
est: 698.82M (+12.9%)
833.50M
est: 729.85M (+14.2%)
711.80M
est: 664.75M (+7.1%)
599.60M
est: 677.12M (-11.4%)
410.50M
est: 709.22M (-42.1%)
743.15M
739.80M – 747.13M
+4.8% YoY
771.26M
768.29M – 777.77M
+3.8% YoY
794.95M
794.54M – 795.37M
+3.1% YoY
823.76M
820.32M – 829.47M
+3.6% YoY
851.92M
848.37M – 857.83M
+3.4% YoY
Net Income
101.60M
est: 160.11M (-36.5%)
98.60M
est: 211.89M (-53.5%)
257.80M
est: 214.73M (+20.1%)
158.00M
est: 243.49M (-35.1%)
339.20M
est: 293.59M (+15.5%)
433.40M
est: 380.54M (+13.9%)
571.80M
est: 563.06M (+1.6%)
609.90M
est: 616.02M (-1.0%)
495.60M
est: 427.10M (+16.0%)
379.10M
est: 438.18M (-13.5%)
404.20M
est: 432.31M (-6.5%)
461.00M
451.40M – 471.37M
+6.6% YoY
521.18M
501.05M – 568.12M
+13.1% YoY
556.07M
525.54M – 620.37M
+6.7% YoY
603.45M
600.18M – 608.89M
+8.5% YoY
593.15M
589.93M – 598.49M
-1.7% YoY
SGA
221.60M
est: 273.98M (-19.1%)
219.20M
est: 321.58M (-31.8%)
210.10M
est: 337.38M (-37.7%)
913.40M
est: 327.33M (+179.0%)
1.00B
est: 338.81M (+196.2%)
207.40M
est: 331.13M (-37.4%)
210.60M
est: 357.04M (-41.0%)
210.20M
est: 372.89M (-43.6%)
1.00B
est: 361.89M (+177.1%)
201.00M
est: 368.62M (-45.5%)
202.10M
est: 386.10M (-47.7%)
404.57M
402.75M – 406.74M
+4.8% YoY
419.87M
418.25M – 423.42M
+3.8% YoY
432.77M
432.55M – 433.00M
+3.1% YoY
448.45M
446.58M – 451.56M
+3.6% YoY
463.78M
461.85M – 467.00M
+3.4% YoY
EPS
0.26
est: 0.40 (-35.4%)
0.25
est: 0.53 (-53.1%)
0.65
est: 0.54 (+20.5%)
0.40
est: 0.61 (-34.6%)
0.83
est: 0.74 (+12.5%)
1.09
est: 0.96 (+14.0%)
1.44
est: 1.42 (+1.8%)
1.53
est: 1.55 (-1.2%)
1.25
est: 1.07 (+16.4%)
0.95
est: 1.10 (-13.5%)
1.02
est: 1.08 (-5.9%)
1.16
1.13 – 1.18
+7.4% YoY
1.30
1.26 – 1.43
+11.3% YoY
1.38
1.32 – 1.56
+6.7% YoY
1.52
1.51 – 1.53
+9.7% YoY
1.49
1.48 – 1.50
-1.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-05-08 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-05-07 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-05-06 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-05-05 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-05-04 B 3/5 3/5 4/5 4/5 1/5 3/5 2/5
2026-04-30 B+ 3/5 3/5 4/5 4/5 2/5 3/5 2/5
2026-04-29 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-28 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-27 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-24 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-23 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-22 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-21 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-20 B+ 3/5 4/5 4/5 4/5 1/5 3/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 1/5 3/5 2/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
791.23M
OE per share TTM
1.99
Owner's Yield
9.71%
Maintenance CapEx ratio
67.21%
Maint CapEx / Avg PPE
32.9%

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 342 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Finland ETF EFNL 2.34% 5.76M 0.53%
2 Amundi Euro Stoxx Select Dividend30 UCITS ETF Dist C051.DE 2.20% 3.13M 0.25%
3 iShares Euro Dividend UCITS ETF IDVY.SW 2.19% 37.71M 0.40%
4 iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) EXSG.DE 2.18% 14.54M 0.31%
5 iShares EURO STOXX Select Dividend 30 UCITS ETF (DE) IDVA.AS 2.18% 1.04M 0.31%
6 Invesco EURO STOXX High Dividend Low Volatility UCITS ETF EUHD.L 1.39% 8.75M 0.30%
7 UBS Factor MSCI EMU Low Volatility UCITS ETF EUR dis UD02.L 1.34% 137.3K 0.25%
8 State Street SPDR EURO STOXX Low Volatility UCITS ETF (Acc) ZPRL.DE 1.00% 355.8K 0.30%
9 UBS Factor MSCI EMU Prime Value Screened UCITS ETF EUR dis UD03.L 0.80% 568.9K 0.25%
10 UBS Factor MSCI EMU Quality Screened UCITS ETF EUR dis UD04.L 0.79% 907.0K 0.25%

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
22.6K
Shares Outstanding
398.32M

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
Jorma Rauhala President, Chief Executive Officer & Member of Group Management Board 1M male
Ari Akseli President of Grocery Trade & Member of Group Management Board male
Arto Hiltunen Chief Information Officer & Vice President of IT Management male
Hanna Jaakkola Vice President of Investor Relations female
Johanna Ali President of the Car Trade Division & Member of Group Management Board female
Karoliina Partanen EVP of Communications, Brand & Stakeholder Relations and Member of Management Board female
Lasse Luukkainen EVice President of Legal & Sustainability, Member of Grp Mgt Board, General Counsel and Company Secretary male
Minttu Sinisalo Executive Vice President of HR & Member of Group Management Board female
Anu Hamalainen Executive Vice President, Chief Financial Officer & Member of Group Management Board female
Sami Kiiski President of Building & Technical Trade Division and Member of Group Management Board male
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