Added to YB: 2024-08-26
Pitch date: 2024-08-23
KESKOB.HE [bullish]
Kesko Oyj
+8.17%
current return
Author Info
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Company Info
Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland.
Market Cap
$7.1B
Pitch Price
$17.13
Price Target
27.00 (+47%)
Dividend
5.06%
EV/EBITDA
8.35
P/E
18.71
EV/Sales
0.84
Sector
Consumer Staples Distribution and Retail
Category
turnaround
Kesko
KESKOB.HE: Diversified Finnish retailer, stable grocery backbone. Building/home improvement trade hit by construction downturn, but July sales +20% YoY. Expanding market share via acquisitions (20% in Denmark). Fair value €27/share by end 2025. Turnaround expected fall 2023, accelerating 2024.
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