1. Sweden Stocks

  2. •

    Consumer Defensive

  3. •

    Grocery Stores
Axfood AB (publ)

Axfood AB (publ)

AXFO.ST
Axfood AB (publ)SE flagStockholm Stock Exchange
259.60
SEK
-2.80
- -
56.05BMarket Cap
Axfood AB (publ)
AXFO.ST
(Stockholm Stock Exchange)

Recent

price

259.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
161.87
164.39
171.53
177.28
727.29
194.88
204.84
217.31
227.52
240.29
254.44
276.78
344.76
375.86
389.54
413
402.24
Revenue per Share
4.07
4.21
4.26
4.66
20.69
6.43
6.96
6.92
7.35
7.8
9.04
10.28
11.07
10.92
10.16
10.84
9.82
Basic EPS, GAAP
2.74
2.32
5.65
4.17
27.76
8.6
8.09
8.36
8.81
9.83
18.12
13.22
15.64
17.89
18.17
23.26
20.29
Free Cash Flow per Basic Share
2.48
2.98
2.98
2.98
15.01
4.25
8.92
5.95
7.03
7.05
7.19
7.5
7.72
8.15
8.5
8.98
8.75
Dividend per Share
11.68
12.92
13.68
15.43
66.6
19.03
17.06
17.8
18.01
16.83
18.56
21.49
21.54
22.81
23.53
25.74
- -
Book Value per Share
3.17
3.67
3.7
5.47
28.9
9.46
7.75
5.15
5.11
3.68
4.95
-0.57
8.96
9.82
0.83
2.52
-3.14
Tangible Book Value per Share
212
212
212
212
53
212
212
212
211
211
211
209
213
216
216
216
216
Basic Weighted Avg Shares
34,260
34,795
36,306
37,522
38,484
41,247
43,355
45,968
48,085
50,740
53,696
57,891
73,474
81,111
84,057
89,152
86,797
Sales/Revenue/Turnover
3.53
3.59
3.31
3.47
3.77
4.28
4.4
4.11
4.25
4.56
4.75
4.75
4.31
4.21
3.98
4.06
3.85
Operating Margin (%)
534
566
613
643
668
671
694
712
724
2,146
2,252
2,399
2,615
2,993
3,375
4,077
3,790
Depreciation Expense
862
891
902
987
1,095
1,361
1,473
1,463
1,553
1,648
1,908
2,150
2,360
2,357
2,192
2,339
2,118
Net Income, GAAP
26.45
26.61
22.38
22.3
22.8
22.18
22.23
22.01
21.78
22.73
22.18
18.9
19.25
21.86
23.08
21.64
22.9
Effective Tax Rate (%)
2.52
2.56
2.48
2.63
2.85
3.3
3.4
3.18
3.23
3.25
3.55
3.71
3.21
2.91
2.61
2.62
2.44
Profit Margin (%)
-374
-387
-293
19
492
981
802
135
63
-2,079
-1,796
-4,553
-4,284
-4,867
-4,361
-4,031
-6,185
Working Capital
36
45
63
61
40
36
41
61
61
4,131
4,524
4,856
7,388
7,497
13,061
13,178
12,664
LT Debt
2,972
3,237
3,426
3,802
4,065
4,531
4,118
4,478
4,528
4,249
4,563
5,176
6,901
7,185
7,388
7,831
6,570
Total Equity
27.01
25.01
24.14
26.14
27.65
31.14
33.64
33.54
34.59
24.84
19.8
18.95
17.39
16.12
13
12.36
13.33
Return on Invested Capital (%)
31.94
28.37
27.08
29.13
30.54
34.89
37.79
37.73
37.4
25.45
21.34
20.42
18.55
18
13.93
12.95
19.06
Return on Capital (%)
37.41
34.22
32.05
32.04
32.25
36.05
38.57
39.67
41.02
44.78
51.08
51.12
51.95
49.55
43.84
43.99
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,235
3,290
2,760
LT Borrowings
2,900
2,200
2,000
LT Finance Leases
10,161
10,352
10,664
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
216
216
216
Market Capitalization
50,495
48,723
60,333

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
8,805
8,656
8,914
Cash, Cash Equivalents & STI
735
335
374
Accounts Receivable, Net
1,533
1,496
2,292
Inventories
4,887
5,081
5,215
Total Current Liabilities
13,166
15,161
15,099
Payables & Accruals
- -
- -
- -
ST Debt
2,235
3,290
2,760
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.17%
11.94%
6%
Free Cash Flow
13.66%
7.67%
28.11%
Net Income, GAAP
5.76%
4.41%
6.71%
Sales/Revenue/Turnover
8.19%
10.96%
6.06%
Total Cash Common Dividend
12.2%
5.03%
5.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,252
21,044
20,902
21,860
84,057
2025
21,040
22,995
22,831
- -
89,152
2026
21,595
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.6
2.68
3.26
1.62
10.16
2025
2.09
2.84
2.6
- -
10.84
2026
2.42
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.25
- -
4.25
- -
8.5
2025
4.5
- -
0.23
- -
8.98
2026
4.5
- -
- -
- -
- -
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Business
Axfood AB (publ) (AXFO.ST) operates as one of Sweden's leading food retail and wholesale companies, headquartered in Stockholm and founded in 2000 through the merger of Hemköp, Dagab, and D-gruppen; the group conducts its business exclusively in Sweden across five main operating segments including Willys, Hemköp, City Gross, Snabbgross, and Dagab. Willys functions as the leading discount grocery chain with a broad product range in owned stores, franchises, and online platforms, complemented by the cross-border Eurocash chain; Hemköp provides attractively priced assortments rich in fresh products through owned and retailer-operated stores, e-commerce, and the Tempo mini-mart format; City Gross offers hypermarket experiences combining food halls with wide selections via stores and online; Snabbgross serves as a key wholesaler to restaurants, fast food outlets, and cafes with physical stores, online sales, and the consumer-focused Snabbgross Club; Dagab manages assortment, purchasing, and logistics for the group and external B2B clients while encompassing Handlar’n and Matöppet retail concepts, the partly-owned online pharmacy Apohem, and Urban Deli restaurant chain. The company maintains a strong portfolio of private labels such as Garant, Garant Ekologiska, Aware, Saklart, Func, and Fixa, alongside service trade support and e-commerce initiatives. In November 2024, Axfood completed its SEK 2 billion acquisition of City Gross from Bergendahl Food Holding, increasing its stake from 9.9% to 100% following approvals by the Swedish Competition Authority and European Commission, thereby bolstering its hypermarket presence, operational synergies in logistics and purchasing, and projected earnings per share contributions by 2026; this builds on the 2021 strategic partnership and minority investment in City Gross alongside the Bergendahls Food wholesale acquisition. Axel Johnson AB serves as the major shareholder, guiding the group's focus on affordable, sustainable food innovation and market share growth.