AXFOY

Axfood AB (publ)

Consumer Defensive · $5.4B market cap

Is AXFOY undervalued?

Share price

$24.95

as of Oct 21, 2026

Fair value

$37.47

Sticker Price

Payback Price

$14.99

buy price

Undervalued

AXFOY is Undervalued: at $24.95 it trades 33% below its fair value of $37.47. Its buy price (Payback Price) is $14.99, 40% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 7% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth7.0% a year✗
Equity per share growth5.4% a year✗
Sales growth5.3% a year✗
Free cash flow growth11.5% a year✓
Return on invested capital11.8%✓

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Questions about AXFOY

What is AXFOY's fair value?

$37.47 as of Oct 21, 2026, worked out with the Free Cash Flow. Sales grew 7% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

At what price would AXFOY be a buy?

At or below its buy price of $14.99, a 60% margin of safety below its fair value.

Is AXFOY undervalued right now?

AXFOY is Undervalued: at $24.95 it trades 33% below its fair value and 66% above its buy price.

How can I check AXFOY's value myself?

Use the free Sticker Price calculator, already filled with AXFOY's numbers. Change the growth, P/E or required return and see what you'd pay. Open the calculator →

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About Axfood AB (publ)

Axfood AB (publ) is a prominent Swedish company with operations spanning both food retail and wholesale. Its business is structured across key segments: Willys, Hemköp, Dagab, and Snabbgross. The company manages various grocery store brands, including Willys, Hemköp, Eurocash, and Mat.se, and maintains a robust e-commerce presence. Beyond general food sales, Axfood develops and markets its own private label product lines. Its diverse offerings also encompass specialized ventures such as Middagsfrid, a home delivery service for meal kits, and Urban Deli, a concept blending restaurant dining with a market hall experience. Furthermore, it runs Apohem, an online pharmaceutical platform. In the wholesale sector, Axfood supplies a broad clientele, ranging from restaurants, fast-food establishments, and cafés to independent retailers, convenience stores, mini-marts, and service stations. As of December 31, 2021, Axfood's extensive network featured 226 Willys supermarkets, 27 Snabbgross stores, and a combined 197 Hemköp locations (which includes 63 directly owned and 134 owned or franchised outlets), alongside 130 Tempo stores, also either owned or franchised. Founded in 1958 and headquartered in Stockholm, Sweden, Axfood AB (publ) operates as a subsidiary of Axel Johnson AB.

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Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of Oct 21, 2026. How the Payback Price works