Kesko Oyj
About the company
Kesko Oyj engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade division is involved in the wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; offer online grocery services; and operates as a foodservice provider and wholesaler, as well as store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Kespro. The Building and Technical Trade division engages in the wholesale, retail, and B2B trade of building and home improvement, and HEPAC and electrical products and services; and operates retail stores chain under the K-Rauta, K-Bygg, Byggmakker, and Davidsen, as well as serves technical trade customers under Onninen brand names. The Car Trade division is involved in the import, market, and retail of Volkswagen, Audi, SEAT, CUPRA, Bentley, and Porsche passenger cars, as well as Volkswagen commercial vehicles under K-Auto brand name; purchase and retail of used cars; operation of leasing business for private and corporate customers; and other services, including repair and maintenance, as well as sale of spare parts and accessories; charging network for electric vehicles under the K- Lataus name; and sports trade comprising Intersport and budget sport chains. Kesko Oyj was founded in 1940 and is headquartered in Helsinki, Finland.
Price below modeled range
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price below modeled range
Showing the EV/Sales (Rule of 40) you selected on the company card, using 4.71% growth, 2.4% terminal growth and 9.2% discount. The range varies these assumptions slightly; it is illustrative, not investment advice. Low confidence: the modelled value is far from the market price, which usually means the model does not capture this company well (for example expected growth well above its history).
Assumptions: growth 4.71%, discount rate 9.20%, terminal growth 2.40% (sector defaults). See a worked example.
Blended growth assumption: 4.7% (sector default 5.3%, own revenue history 1.8%, analyst revenue consensus 5.8%).
5-year outlook: relative outlook of about 7.7% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 5.8% a year; the growth assumption used is 4.7%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — EUR 17.34 (-34.8%)
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EPS-based Gordon proxy
— EUR 16.71 (-37.1%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— EUR 17.34 (-34.8%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— EUR 14.87 (-44.1%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— EUR 30.45 (+14.6%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— EUR 17.26 (-35.1%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— EUR 87.56 (+229.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear EUR 63.43 | 58.1% |
| Base EUR 87.56 | 69.6% |
| Bull EUR 111.69 | 76.2% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
6 months price change: +30.77% · EUR 26.58 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (EUR 87.56). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (1 hour, 48 minutes ago).
07 May 2026Range EUR 18.80 – 26.6005 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 72 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +2.5% a year | 12 / 20 |
| Balance sheet | net debt 2.7x EBITDA | 10 / 20 |
| Margins | EBITDA margin 10% | 10 / 20 |
Peers in Consumer Staples
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| KESKOB.HE (this company) | EUR 26.58 | -53.3% | 24.0 | 3.7 | 3.4% | 72 |
| ORK.OL Orkla ASA | NOK 102.60 | 31.9% | 14.6 | 2.3 | 9.7% | 82 |
| WN.TO George Weston Limited | CAD 109.72 | 26.2% | 39.8 | 9.1 | 1.2% | 72 |
| KHC Kraft Heinz | USD 25.32 | 25.2% | – | 0.8 | 6.3% | 36 |
| CA.PA Carrefour SA | EUR 13.64 | 23.8% | 29.2 | 0.8 | 8.7% | 72 |
| ABF.L Associated British Foods plc | GBP 19.90 | 18.8% | 15.1 | 1.2 | 3.2% | 82 |
| ADM Archer Daniels Midland | USD 70.47 | 16.8% | 13.7 | 1.4 | 3.0% | 64 |
| AXFO.ST Axfood AB | SEK 283.80 | 7.9% | 25.0 | 8.2 | 3.1% | 70 |
| DLTR Dollar Tree | USD 137.94 | 0.3% | 16.3 | 7.7 | – | 72 |
| Peer median | 16.3 | 1.9 | ||||
Dividends
Paid in the last 12 months: EUR 0.90 per share · yield 3.39% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.900 |
| 2025 | 0.930 |
| 2024 | 0.770 |
| 2023 | 1.080 |
| 2022 | 1.060 |
| 2021 | 0.750 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 14:12
| Revenue | EUR 13,033,500,000 |
|---|---|
| EBITDA | EUR 1,308,400,000 |
| EBIT | EUR 695,700,000 |
| Net income | EUR 441,899,999 |
| Free cash flow | EUR 630,400,000 |
| Capital expenditures | EUR 433,500,000 |
| Debt | EUR 3,823,600,000 |
| Cash | EUR 251,300,000 |
| Working capital | EUR -176,400,000 |
| Shares outstanding | 398,281,000 |
| Reported dividends per share | EUR 0.8999 |