Professional
Added to YB: 2026-05-15
Pitch date: 2026-04-21
KESKOB.HE [bullish]
Kesko Oyj
-0.3%
current return
Author Info
Upslope Capital is an alternative investment management firm based in Colorado. They manage a global long/short public equity investment strategy. Follow on Twitter/X.
Company Info
Kesko Oyj engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland.
Market Cap
EUR 8.0B
Pitch Price
EUR 20.30
Price Target
N/A
Dividend
4.42%
EV/EBITDA
9.57
P/E
19.89
EV/Sales
0.93
Sector
Consumer Staples Distribution and Retail
Category
turnaround
Upslope Capital Management New Position: Kesko Oyj
KESKOB.HE (new position): #2 Finnish grocer w/ 35% share (65% op profit), building products (26%), VW auto dealers. 30-40%+ share, unique entrepreneurial model. Grocery ballast funds expansion in building products during downturn. Trough macro in building could double op profit ahead. 16x P/E mid-range (12-22x hist) on depressed cyclical earnings. Risks: discount grocer competition (Lidl), extended macro weakness, regulation, M&A execution + leverage.
Read full article (1 min)