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Stock AAK AB (publ.) AAK.ST

AAK AB (publ.) — Investlytic score 3/5 on the five criteria.

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60/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 3/5 criteria met. Data as of 01/11/2026.

  • ❌ Price trend failed
  • ✅ Growth passed
  • ✅ Debt passed
  • ✅ P/E passed
  • ❌ Correction failed

Price trend

Overall trend (8 years): insufficient progression (less than x1.5).

Price change 2018 → 2019: 45.07%

Price change 2019 → 2020: -6.74%

Price change 2020 → 2021: 17.65%

Price change 2021 → 2022: -8.93%

Price change 2022 → 2023: 26.40%

Price change 2023 → 2024: 40.39%

Price change 2024 → 2025: -16.41%

Price change 2025 → 2026: -32.94%

Price change 2026 (year to date): -31.70%

Financial growth

Revenue CAGR (8 years): 7.58%

Earnings CAGR (8 years): 14.59%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.25

Debt/equity < 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 13.45

P/E < 25.0 (maximum threshold).

Correction (6 months)

Current correction: 33.65% from the high over 6 months.

Excessive correction (> 20.0%).

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Criteria of the Investlytic model

- / 5
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Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
AAK AB (publ.)13.40.25+7.8 %🔒
L.d.c. S.a.11.30.28+7.2 %★ 5/5
Interparfums S.A.25.30.21+7.5 %–
Coty Inc.18.91.15+3.2 %–
Rémy Cointreau S.A.33.50.39+0.9 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by AAK AB (publ.) over the latest fiscal years.

Revenue
4.7 bn USD
fiscal year 2025
Net income
349 m USD
fiscal year 2025
Net margin
7.5 %
fiscal year 2025
Average annual growth
+10.5 %
Revenue growth over 5 years
Average annual growth
+8.6 %
Revenue growth over 10 years
Market cap
4.7 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
20202.8 bn159 m5.6 %n/a
20213.6 bn146 m4.0 %+26.9 %
20225.1 bn180 m3.5 %+42.2 %
20234.7 bn300 m6.4 %-8.7 %
20244.6 bn360 m7.8 %-2.1 %
20254.7 bn349 m7.5 %+2.2 %

Amounts converted to USD. Source: published annual accounts, collected on 30/10/2026.

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Accounts and financial health

Balance sheet and cash flow published by AAK AB (publ.) over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
solid accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
4.08
safe zone (above 2.99)
Piotroski Score
5 / 9
4 to 6: average accounts
DCF Value
456.83 SEK
DCF above share price · share price 176.90 SEK, gap +158.2 %
Net Debt / EBITDA
0.61 x
low debt
Fiscal year20212022202320242025
Cash and investments1.0 bn1.5 bn1.5 bn1.9 bn1.6 bn
Total Debt4.6 bn7.2 bn4.5 bn3.6 bn4.9 bn
Net Debt3.6 bn5.7 bn3.0 bn1.7 bn3.4 bn
Equity11.8 bn15.0 bn17.1 bn20.1 bn19.9 bn
Total assets27.2 bn34.0 bn30.6 bn34.4 bn32.6 bn
Operating cash flow508 m-73.0 m5.3 bn2.4 bn862 m
Investments (capex)613 m1.2 bn1.2 bn1.2 bn1.3 bn
Free cash-flow-111 m-1.3 bn4.1 bn1.1 bn-441 m
Share buybacks00000
Dividends paid590 m646 m714 m960 m1.3 bn

Amounts in SEK, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)13.00 x
Price / book value2.16 x
Return on Equity (ROE)17.1 %
Return on Invested Capital (ROIC)12.6 %
Net margin7.7 %
Debt / equity0.25 x
Current ratio2.24 x
Interest coverage16.42 x
Free cash-flow yield6.2 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 03/11/2026.

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Valuation and competitors

AAK AB (publ.) compared with its sector on the same exchange and with its main competitors.

Company P/E
13.4

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 30/10/2026. Competitors: comparable companies named by the data provider.

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Dividends and earnings

AAK AB (publ.): dividend history, last distributions, stock splits and earnings releases.

Frequency
annual
Last dividend
9.35 SEK
ex-dividend on 11/05/2026
Last 12 months
9.35 SEK
number of payments: 1
Yield
1.9 %
on the last known price
Years of increases
17
consecutive
Years of payments
18
uninterrupted
02.344.677.019.352007 : 0.0000 SEK2008 : 0.667 SEK20082009 : 0.667 SEK2010 : 1.42 SEK20102011 : 0.750 SEK2012 : 0.792 SEK20122013 : 0.875 SEK2014 : 1.00 SEK20142015 : 1.12 SEK2016 : 1.29 SEK20162017 : 1.46 SEK2018 : 1.62 SEK20182019 : 1.85 SEK2020 : 2.10 SEK20202021 : 2.30 SEK2022 : 2.50 SEK20222023 : 2.75 SEK2024 : 3.70 SEK20242025 : 5.00 SEK2026 : 9.35 SEK2026

Annual dividend per share (SEK), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
11/05/20269.35 SEK18/05/2026
09/05/20255.00 SEK15/05/2025
10/05/20243.70 SEK16/05/2024
05/05/20232.75 SEK11/05/2023
19/05/20222.50 SEK25/05/2022
10/05/20212.30 SEK14/05/2021
27/11/20202.10 SEK03/12/2020
16/05/20191.85 SEK22/05/2019

Earnings releases

DatePublished EPSExpected EPSSurprise
23/10/20263.163.43-7.9 %
17/07/20263.033.37-10.1 %
28/04/20263.573.60-0.8 %
05/02/20263.633.58+1.4 %
23/10/20253.493.66-4.6 %
17/07/20252.463.48-29.3 %

Stock splits

DateOperation
13/06/2018split: 6 shares for 1

Factual data: ex-dividend history and earnings calendar, as of 03/11/2026. A past dividend does not guarantee the next one.

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PEA and practical information

PEA eligibility
likely
head office in the EU or EEA, listed on a European exchange
Listing exchange
Nasdaq Stockholm
IPO: 29/09/2005
ISIN code
SE0011337708
Workforce
4,000
full-time employees
Chief executive
Johan Westman

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about AAK AB (publ.)

What is the AAK AB (publ.) share price?

Latest recorded price: 176.90 SEK on 30/10/2026, for a market cap of 4.7 bn USD.

What is the revenue of AAK AB (publ.)?

4.7 bn USD for fiscal year 2025, with net income of 349 m USD (net margin 7.5 %).

Does AAK AB (publ.) pay a dividend?

Yes. Latest dividend: 9.35 SEK per share, ex-dividend on 11/05/2026. Over 12 months: 9.35 SEK. Yield on the latest known price: 1.9 %.

What is the P/E ratio of AAK AB (publ.)?

Trailing 12-month P/E of 13.4.

Is AAK AB (publ.) stock eligible for the French PEA?

Likely: the company is headquartered in the European Union or the European Economic Area (ISIN SE0011337708) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.

How many employees does AAK AB (publ.) have?

4,000 full-time employees according to the latest published profile.

Who runs AAK AB (publ.)?

Johan Westman is the company's chief executive.

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