AAK AB (publ)
STO:AAK

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AAK AB (publ)
STO:AAK
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Price: 247.4 SEK -0.32% Market Closed
Market Cap: kr64.2B

EV/EBITDA

11.4
Current
9%
Cheaper
vs 3-y average of 12.6

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11.4
=
Enterprise Value
kr63.4B
/
EBITDA
kr5.6B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11.4
=
Enterprise Value
kr63.4B
/
EBITDA
kr5.6B

Valuation Scenarios

AAK AB (publ) is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (12.6), the stock would be worth kr273.25 (10% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+30%
Average Upside
16%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11.4 kr247.4
0%
3-Year Average 12.6 kr273.25
+10%
5-Year Average 13.8 kr299
+21%
Industry Average 11.9 kr256.39
+4%
Country Average 14.9 kr320.99
+30%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr63.4B
/
Jan 2026
kr5.6B
=
11.4
Current
kr63.4B
/
Dec 2026
kr6.2B
=
10.3
Forward
kr63.4B
/
Dec 2027
kr6.6B
=
9.6
Forward
kr63.4B
/
Dec 2028
kr7B
=
9.1
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
AAK AB (publ)
STO:AAK
64.4B SEK 11.4 18.9
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 186 542.5 540 752.8
CH
Nestle SA
SIX:NESN
193.8B CHF 14 22.8
US
Mondelez International Inc
NASDAQ:MDLZ
71.8B USD 17.9 29.3
FR
Danone SA
PAR:BN
43.5B EUR 9.8 24
ZA
Tiger Brands Ltd
JSE:TBS
49.6B ZAR 9.6 13
US
Hershey Co
NYSE:HSY
38.3B USD 21.1 43.3
CN
Muyuan Foods Co Ltd
SZSE:002714
244.3B CNY 15.3 15.4
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
232.6B CNY 24.8 33
ZA
Avi Ltd
JSE:AVI
33.8B ZAR 8.9 13.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.6B CHF 19 32

Market Distribution

In line with most companies in Sweden
Percentile
38th
Based on 1 230 companies
38th percentile
11.4
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

AAK AB (publ)
Glance View

Market Cap
64.2B SEK
Industry
Food Products

AAK AB (publ), a Swedish titan in the food industry landscape, has skillfully positioned itself as a lynchpin in the global supply chain of plant-based oils and fats. Originating over a century ago, the company has leveraged its extensive experience and Scandinavian ingenuity to carve a niche in specialty ingredients, where it refines raw materials like palm, shea, and rapeseed into high-value products. These products are not just basic commodities; they are carefully crafted solutions tailored to the specific needs of various industries, including foodservice, confectionery, and cosmetics. AAK's secret sauce lies in its ability to blend science with nature, developing sustainable and innovative alternatives to traditional fats and oils, which in an age of heightened environmental awareness, appeals to increasingly conscientious consumers. The company thrives by understanding and predicting industry trends, then tailoring its diverse and flexible product portfolio to meet these market demands. This approach enables AAK to engage in long-term partnerships, offering customized solutions that enhance both product performance and consumer appeal. Its creative collaborations with major food and cosmetics companies serve as testimonies to its pivotal role in product development and value addition. Through its global presence and robust supply chain management, AAK secures its raw materials sustainably and ethically, further strengthening its commitment to corporate responsibility. It's not merely about selling a product; for AAK, it's about creating enduring value through innovation and sustainability, presenting itself as an indispensable partner to those navigating the complexities of modern consumption.

AAK Intrinsic Value
226.6 SEK
Overvaluation 8%
Intrinsic Value
Price kr247.4
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