AAK AAK.ST
SwedenConsumer Defensive · Packaged FoodsNasdaq Estocolmo · SEK
248.00 SEK (+34.1%)
8 analysts
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AAK AB is a Swedish specialty vegetable ingredients company (oils and fats) supplying the food, bakery, chocolate and cosmetics industries, with a business model focused on tailored solutions and stable margins.
Listed on Nasdaq Estocolmo · Symbol AAK.ST · STO: AAK · Currency SEK
Key points
from its scores- ✓Favourable backdrop8.8
- ✓Very solid balance sheet7.4
- ✓Attractive dividend7.1
- ✕Poor share-price trend2.8
- !Average business quality5.2
AI analysis
bottom line, main risk, context and newsSolid quality and balance sheet at a reasonable price, but no clear catalysts and weak momentum; wait for an improvement in cash generation or price dynamics before adding.
AAK shows a very solid balance sheet (net debt of only 0.7x EBITDA, liquidity of 2.07) and attractive profitability (ROE 18.71%, ROIC 17.20%), with a PER of 13.33 that requires no premium; the 24.40% earnings growth offsets flat revenues, but the weak cash conversion (15.48%) and negative momentum (-16.27%) limit short-term appeal.
The weak free cash flow conversion (15.48%) and negative momentum (-16.27%) suggest that earnings growth may not translate into shareholder returns if margin pressure or demand from industrial customers intensifies.
Context and risks
No recent relevant news and no material exposure to current macro factors: net debt is low (0.7x EBITDA), the processed foods business does not depend on energy commodities or conflict shipping routes, and the defensive consumer profile insulates it from rate and dollar moves.
Is AAK stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 23% below the Consumer Defensive median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 13.3 | 19.8 | −33% |
| EV / EBITDA | 9.3 | 10.8 | −14% |
| Price / book | 2.4 | 2.7 | −12% |
| Price / sales | 1.1 | 1.2 | −15% |
Sector: median of the 124 Consumer Defensive companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Consumer Defensive: 6.3).
Average analyst target: 248.00 SEK, +34.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.4 (sector 5.5), Growth 5.7 (sector 5.3).
Classic formulas with standard assumptions (2.6% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Defensive medianValuation
- P/E
- 13.3
- Forward P/E
- 13.0
- EV / EBITDA
- 9.3
- Price / book
- 2.4
- Price / sales
- 1.1
- PEG
- 2.31
- Market cap
- 48.0B SEK
- Enterprise value
- 52.5B SEK
Profitability
- ROE
- 18.7%
- ROA
- 9.2%
- ROIC (approx.)
- 17.2%
- Gross margin
- 26.2%
- Operating margin
- 9.8%
- Net margin
- 7.9%
- Free cash flow
- 873.8M SEK
- FCF yield
- 1.8%
- Cash conversion
- 15%
Solvency
- Total debt
- 5.8B SEK
- Net debt
- 4.0B SEK
- Cash
- 1.8B SEK
- EBITDA
- 5.6B SEK
- Net debt / EBITDA
- 0.70
- Debt / equity
- 28.46
- Current ratio
- 2.07
- Quick ratio
- 1.02
Growth
- Revenue growth
- −0.9%
- Earnings growth
- +24.4%
- EPS (TTM)
- 13.87 SEK
- EPS (forward)
- 14.23 SEK
Dividend
- Dividend yield
- 3.0%
- Payout
- 39.7%
Risk and market
- Beta
- 0.44
- Analyst consensus
- Buy (8)
- Target price
- 248.00 SEK
- 52-week range
- 180.40 – 277.40
Recent news
All AAK.ST news →Compare it with its sector
All 124 in Consumer Defensive →Frequently asked questions about AAK
Is AAK stock cheap or expensive?
On P/E and EV / EBITDA, it trades 23% below the Consumer Defensive median on average. Valuation score: 6.8 out of 10 (median for Consumer Defensive: 6.3). Average analyst target: 248.00 SEK, +34.1% versus the price. This is not investment advice.
What score does AAK get on MeridIAn Screener?
It scores 6.4 out of 10, rank 592 of 2,130 (better than 68% of the companies analysed). Its strongest category is Risk & Context (8.8) and its weakest, Momentum (2.8). Analysis of 08/10/2026.
What is AAK's P/E ratio?
Its P/E is 13.3: the share price equals 13.3 times earnings per share over the last 12 months. The Consumer Defensive median is 19.8. Based on the earnings analysts expect, the forward P/E is 13.0.
How much is AAK worth on the stock market?
Its market capitalisation is 48.0B SEK and its enterprise value, debt included, is 52.5B SEK.
How much debt does AAK have?
Its net debt (debt minus cash) is 4.0B SEK. That is 0.70 times its EBITDA; the Consumer Defensive median is 2.38.
Does AAK pay a dividend?
Yes: its dividend yield is 2.97% and it pays out 40% of its earnings.
How has AAK stock performed over the last year?
It has fallen 22.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 180.40 and 277.40 SEK. Past performance does not guarantee future results.
What do analysts think of AAK?
8 analysts cover it; their average recommendation is “Buy” and their average target is 248.00 SEK (+34.1% versus the price). It is an estimate, not market data.