Kesko KESKOB.HE
Kesko is a Finnish retail and wholesale conglomerate with operations in grocery, building and home improvement, and automotive sectors. Kesko shows weak financial health (score 3.64) due to high leverage (Net Debt/EBITDA of 4.15) and low operating margin (5.51), but 6% revenue growth and 29.7% momentum (score 8.02) support the thesis, with reasonable valuation (P/E 22.13, FCF yield 4.85%).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Kesko is a Finnish retail and wholesale conglomerate with operations in grocery, building and home improvement, and automotive sectors. Kesko shows weak financial health (score 3.64) due to high leverage (Net Debt/EBITDA of 4.15) and low operating margin (5.51), but 6% revenue growth and 29.7% momentum (score 8.02) support the thesis, with reasonable valuation (P/E 22.13, FCF yield 4.85%).
Score by category
| Category | Score |
|---|---|
| Financial health | 3.0 |
| Quality / Moat | 4.9 |
| Valuation | 5.4 |
| Growth | 5.8 |
| Dividend | 5.8 |
| Momentum | 8.0 |
| Risk & Context | 7.0 |
OVERALL SCORE: 5.5/10
Context and risks
The macro context of rising rates in Europe (ECB hiking) affects Kesko due to its high leverage (Net Debt/EBITDA of 4.15) and sensitivity to rates in a discretionary consumer sector (construction and home). However, the effect is moderate because the grocery business is defensive and the oil rally does not directly affect it.
News considered in the analysis
- Kesko Oyj (HLSE:KESKOB) After August Sales Growth Is The Stock Fully Valued — Artículo de opinión de Simply Wall St. sobre si la acción está totalmente valorada tras el crecimiento de ventas de agosto; no aporta información nueva sobre beneficios o valoración.
- Kesko (HLSE:KESKOB) Stock May Be Trading At A Premium On Earnings — Opinión de Simply Wall St. sobre la valoración relativa al PER; no es un hecho material, es una interpretación de analista sin datos nuevos.
- 3 Dividend Stocks From a Value Pro — Lista genérica de acciones con dividendo de Barron's; no aporta información específica sobre Kesko más allá de ser mencionada como valor con dividendo.
- Kesko Oyj (KKOYY) Q4 2025 Earnings Call Highlights: Strong Sales Growth Amid Market Challenges — La llamada de resultados del Q4 2025 destaca un fuerte crecimiento de ventas en un entorno de mercado desafiante; el crecimiento de ingresos del 6% y de beneficios del 10.3% ya están reflejados en las notas cuantitativas, pero la confirmación de la fortaleza operativa es moderadamente positiva.
Verdict: Hold: the defensive grocery business and positive momentum offset high leverage and rate pressure, but elevated debt limits upside potential.
Main risk: High leverage (Net Debt/EBITDA of 4.15) with the ECB raising rates is the biggest risk, as it will increase the cost of debt and could pressure the already thin operating margin of 5.51%.
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