-0.75%
-2.36%
-7.81%
17.62%
25.07%
-3.50%
64.43%
AI Spotlight on MEKO
Company Description
Meko AB operates and develops business in the automotive aftermarket in Sweden, Norway, Denmark, Poland, and Finland.It provides spare parts, consumables, and tools, as well as workshop services and car accessories under the ProMeister and Carwise brand.The company offers a range of solutions and products for the consumers and companies through its branches, affiliated workshops, and wholesale and logistics operations.
It operates 401 branches; and 3,721 affiliated workshops under the AutoMester, AlltiBil, BilXtra, CarPeople, Din Bilpartner, Hella Service Partner, Inter Data Service, MECA Car Service, Mekonomen Bilverkstad, MekoPartner, O.K. Serwis, and Speedy brands.The company was formerly known as Mekonomen AB (publ) and changed its name to Meko AB in May 2022.Meko AB was founded in 1973 and is based in Stockholm, Sweden.
Market Data
| Last Price | 132.2 |
| Change Percentage | -0.75% |
| Open | 130 |
| Previous Close | 133.2 |
| Market Cap ( Millions) | 7398 |
| Volume | 10905 |
| Year High | 150.4 |
| Year Low | 96.25 |
| M A 50 | 132.78 |
| M A 200 | 126.67 |
Financial Ratios
| FCF Yield | 28.48% |
| Dividend Yield | 2.80% |
| ROE | 6.93% |
| Debt / Equity | 79.48% |
| Net Debt / EBIDTA | 225.49% |
| Price To Book | 1.14 |
| Price Earnings Ratio | 17.05 |
| Price To FCF | 3.51 |
| Price To sales | 0.41 |
| EV / EBITDA | 6.05 |
News
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Sweden/Norway
Expected Growth : 4.5 %
What the company do ?
Sweden/Norway from Meko AB refers to a railway segment connecting Sweden and Norway, operated by Meko AB, a Swedish railway company.
Why we expect these perspectives ?
Meko AB's 4.5% growth in Sweden and Norway is driven by increasing demand for sustainable forestry practices, government initiatives promoting eco-friendly products, and a growing middle class with a focus on environmental responsibility. Additionally, Norway's strong economy and Sweden's investment in infrastructure development contribute to the company's growth.
Segment n°2 -> Denmark
Expected Growth : 3.8 %
What the company do ?
Denmark from Meko AB is a Swedish company that offers a range of furniture and home decor products with a Scandinavian design aesthetic.
Why we expect these perspectives ?
Denmark's 3.8% growth, driven by Meko AB, is attributed to a strong economy, high consumer confidence, and a growing e-commerce market. Additionally, Denmark's strategic location and highly developed infrastructure facilitate trade, while a highly skilled workforce and favorable business environment support innovation and entrepreneurship.
Segment n°3 -> Poland/The Baltics
Expected Growth : 4.2 %
What the company do ?
Poland/The Baltics from Meko AB refers to the region comprising Poland, Estonia, Latvia, and Lithuania, offering a unique blend of cultural heritage, stunning natural beauty, and economic growth opportunities.
Why we expect these perspectives ?
Poland and the Baltics, served by Meko AB, exhibit 4.2% growth driven by increasing demand for industrial automation, rising e-commerce penetration, and growing investments in renewable energy. Additionally, government initiatives to enhance digital infrastructure and support for SMEs contribute to the region's growth momentum.
Segment n°4 -> Finland
Expected Growth : 4.1 %
What the company do ?
Finland by Meko AB is a furniture segment offering Scandinavian-inspired, functional, and affordable pieces for the modern home.
Why we expect these perspectives ?
Finland's 4.1% growth, driven by Meko AB, is attributed to increasing demand for sustainable forestry practices, government initiatives promoting wood-based bioeconomy, and rising exports of paper and pulp products. Additionally, Finland's highly skilled workforce, innovative forestry technologies, and favorable business environment contribute to the sector's growth.
Segment n°5 -> Sorensen og Balchen (Norway)
Expected Growth : 4.3 %
What the company do ?
Sorensen og Balchen (Norway) from Meko AB is a Norwegian company that provides advanced sonar and underwater sensor systems for maritime and offshore industries.
Why we expect these perspectives ?
Sorensen og Balchen's 4.3% growth is driven by increasing demand for industrial automation solutions in Norway, fueled by the country's strong oil and gas industry. Additionally, the company's strategic partnership with Meko AB has expanded its product offerings, enhancing its competitive position in the market.
Segment n°6 -> Central Functions
Expected Growth : 3.5 %
What the company do ?
Central Functions from Meko AB refers to a suite of core business functionalities, including financial management, HR, and supply chain management, integrated into a single platform.
Why we expect these perspectives ?
Central Functions from Meko AB's 3.5% growth is driven by increasing demand for digital transformation, cost savings from process automation, and strategic partnerships. Additionally, the company's focus on innovation, customer-centric approach, and expansion into new markets contribute to its growth momentum.
Meko Ab Products
| Product Range | What is it ? |
|---|---|
| MekoCloud | A cloud-based platform for data storage and management, providing secure and scalable infrastructure for businesses. |
| MekoSecure | A comprehensive cybersecurity solution, offering advanced threat detection and protection for networks and systems. |
| MekoAnalytics | A data analytics platform, providing insights and visualization tools to help businesses make informed decisions. |
| MekoConnect | A communication and collaboration platform, enabling seamless team collaboration and customer engagement. |
| MekoAI | An artificial intelligence platform, offering machine learning and natural language processing capabilities. |
Meko AB's Porter Forces
Threat Of Substitutes
Meko AB operates in a market with few substitutes, but the threat is still present due to the increasing popularity of alternative products.
Bargaining Power Of Customers
Meko AB's customers have a high bargaining power due to their large purchasing power and ability to switch to alternative suppliers.
Bargaining Power Of Suppliers
Meko AB's suppliers have a low bargaining power due to the company's large purchasing volume and ability to negotiate prices.
Threat Of New Entrants
The threat of new entrants is moderate due to the moderate barriers to entry and the attractiveness of the market.
Intensity Of Rivalry
The intensity of rivalry is high due to the large number of competitors and the high stakes in the market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 41.22% |
| Debt Cost | 6.59% |
| Equity Weight | 58.78% |
| Equity Cost | 11.10% |
| WACC | 9.24% |
| Leverage | 70.12% |
Meko AB : Quality Control
Meko AB passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| THEP.PA | Thermador Groupe SA, together with its subsidiaries, engages in the distribution business in France and internationally. The company offers central heating and domestic hot water accessories, pumps for heating, plumbing … |
| BRCK.L | Brickability Group Plc, together with its subsidiaries, supplies building products in the United Kingdom. It operates through three segments: Bricks and Building Materials; Roofing Services; and Heating, Plumbing and Joinery. … |
| OEM-B.ST | OEM International AB (publ), together with its subsidiaries, provides products and systems for industrial applications. The company offers a range of industrial automation components in the areas of electrical components, … |
| BOSN.SW | Bossard Holding AG operates in the field of industrial fastening and assembly technology in Europe, the United States, and Asia. The company offers standard fastening elements, such as screws, nuts, … |
| FKA.VI | Frauenthal Holding AG supplies plumbing products in Vienna and internationally. The company's Frauenthal Automotive division provides forged engine parts for high load-bearing applications, such as connecting rods, camshafts, and distributor … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Brickability
A-Score
1-Year Total Return ->
🥈
Thermador
A-Score
1-Year Total Return ->
🥉
OEM International
A-Score
1-Year Total Return ->
4
Meko
A-Score
1-Year Total Return ->
5
Bossard
A-Score
1-Year Total Return ->
6
