Axfood AB (publ)

AXFOY

AXFOYAxfood AB (publ) US flag

Other OTC

25.22

USD

- -

1.02EPS

24.73P/E

5.44BMarket Cap

Apr 24Next Earn

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ISIN

US05459X1028

Return %

Stock

S&P500

- -

6.57

-22.52

22.75

20.61

93.55

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	171.53	177.28	727.29	194.88	204.84	217.31	227.52	240.29	254.44	276.78	344.76	375.86	- -	380.65
Basic EPS, GAAP	4.26	4.66	20.69	6.43	6.96	6.92	7.35	7.8	9.04	10.28	11.07	10.92	- -	11.33
Free Cash Flow per Basic Share	5.65	4.17	27.76	8.6	8.09	8.36	8.81	9.83	18.12	13.22	15.64	17.89	- -	24.44
Dividend per Share	2.98	2.98	15.01	4.25	8.92	5.95	7.03	7.05	7.19	7.5	7.72	8.15	- -	8.25
Book Value per Share	13.68	15.43	66.6	19.03	17.06	17.8	18.01	16.83	18.56	21.49	21.54	22.81	- -	- -
Tangible Book Value per Share	3.7	5.47	28.9	9.46	7.75	5.15	5.11	3.68	4.95	-0.57	8.96	9.82	- -	3.84
Basic Weighted Avg Shares	212	212	53	212	212	212	211	211	211	209	213	216	- -	216
Sales/Revenue/Turnover	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	82,111
Operating Margin (%)	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	4.32
Depreciation Expense	613	643	668	671	694	712	724	2,146	2,252	2,399	2,615	2,993	3,375	3,092
Net Income, GAAP	902	987	1,095	1,361	1,473	1,463	1,553	1,648	1,908	2,150	2,360	2,357	2,192	2,444
Effective Tax Rate (%)	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	21.74
Profit Margin (%)	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	2.98
Working Capital	-293	19	492	981	802	135	63	-2,079	-1,796	-4,553	-4,284	-4,867	-4,361	-6,125
LT Debt	63	61	40	36	41	61	61	4,131	4,524	4,856	7,388	7,497	13,061	7,806
Total Equity	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	5,942
Return on Invested Capital (%)	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	17.06
Return on Capital (%)	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	25.15
Return on Common Equity (%)	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	- -

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	8.3%	10.92%	3.63%
Net Income, GAAP	7.52%	6.22%	-7%
Free Cash Flow	13.24%	18.88%	1.53%
Total Cash Common Dividend	12.96%	4.28%	4.26%
Total Equity	6.72%	12.22%	2.83%

Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Ms. Simone Margulies
Full Time Employees: 18,472
Sector: Consumer Defensive
Industry: Grocery Stores
Address: SolnavAegen 4 Stockholm Sweden 113 65
IPO Date: Jan 2, 2013
Website: axfood.se
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Business: Axfood AB (publ) engages in the food retail and wholesale businesses in Sweden. It operates through Willys, Hemköp, Dagab, and Snabbgross segments. The company sells groceries through Willys, Hemköp, Eurocash, and Mat.se store chains. It is also involved in the e-commerce business; and provision of private label products. In addition, it offers home delivery of meal kits under the Middagsfrid name, as well as operates Urban Deli, a combination of restaurant and market hall; and Apohem, an online pharmacy. The company serves restaurants, fastfood operators, and cafés; and retailer-owned stores, mini-marts, service stations, and other convenience retailers. As of December 31, 2021, it owned and operated 63 Hemköp, 226 Willys, and 27 Snabbgross stores; and owned and franchised 134 Hemköp and 130 Tempo stores. The company was founded in 1958 and is headquartered in Stockholm, Sweden. Axfood AB (publ) operates as a subsidiary of Axel Johnson AB.

	Sep'23	Dec'23	Mar'24
ST Debt	3,180	2,267	2,501
LT Borrowings	- -	- -	- -
LT Finance Leases	7,312	7,497	7,806
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	216	216	216
Market Capitalization	60,366	55,777	57,570

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	171.53	177.28	727.29	194.88	204.84	217.31	227.52	240.29	254.44	276.78	344.76	375.86	- -	380.65
Basic EPS, GAAP	4.26	4.66	20.69	6.43	6.96	6.92	7.35	7.8	9.04	10.28	11.07	10.92	- -	11.33
Free Cash Flow per Basic Share	5.65	4.17	27.76	8.6	8.09	8.36	8.81	9.83	18.12	13.22	15.64	17.89	- -	24.44
Dividend per Share	2.98	2.98	15.01	4.25	8.92	5.95	7.03	7.05	7.19	7.5	7.72	8.15	- -	8.25
Book Value per Share	13.68	15.43	66.6	19.03	17.06	17.8	18.01	16.83	18.56	21.49	21.54	22.81	- -	- -
Tangible Book Value per Share	3.7	5.47	28.9	9.46	7.75	5.15	5.11	3.68	4.95	-0.57	8.96	9.82	- -	3.84
Basic Weighted Avg Shares	212	212	53	212	212	212	211	211	211	209	213	216	- -	216
Sales/Revenue/Turnover	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	82,111
Operating Margin (%)	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	4.32
Depreciation Expense	613	643	668	671	694	712	724	2,146	2,252	2,399	2,615	2,993	3,375	3,092
Net Income, GAAP	902	987	1,095	1,361	1,473	1,463	1,553	1,648	1,908	2,150	2,360	2,357	2,192	2,444
Effective Tax Rate (%)	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	21.74
Profit Margin (%)	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	2.98
Working Capital	-293	19	492	981	802	135	63	-2,079	-1,796	-4,553	-4,284	-4,867	-4,361	-6,125
LT Debt	63	61	40	36	41	61	61	4,131	4,524	4,856	7,388	7,497	13,061	7,806
Total Equity	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	5,942
Return on Invested Capital (%)	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	17.06
Return on Capital (%)	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	25.15
Return on Common Equity (%)	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	- -

	Sep'23	Dec'23	Mar'24
Total Current Assets	8,696	8,851	9,211
Accounts Receivable, Net	2,337	2,195	2,241
Cash, Cash Equivalents & STI	510	688	817
Inventories	4,237	4,247	4,384
Total Current Liabilities	13,848	13,718	15,336
Payables & Accruals	- -	- -	- -
ST Debt	3,180	2,267	2,501
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	16,593	18,468	18,674	19,739	73,474
2023	19,252	20,797	20,293	20,769	81,111
2024	20,252	20,902	21,860	- -	84,057

Year	Q1	Q2	Q3	Q4	FY
2022	3.3	2.75	3.4	- -	11.07
2023	2.2	2.93	3.38	2.42	10.92
2024	2.6	3.26	1.62	- -	- -

Axfood AB (publ)

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