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Nordic private education operator running preschools, compulsory schools and adult education across Sweden and the Nordics.
Nordic private education operator running preschools, compulsory schools and adult education across Sweden and the Nordics.
Paid per pupil: in Sweden each municipality passes a set per-child voucher to the school the family chooses, and preschools and adult education are funded similarly by public money or contracts. Revenue follows enrolment and public funding rules, and staff costs are the biggest expense. Sweden carries most of the business, with smaller operations elsewhere in the Nordics.
In one line: A Nordic for-profit K-12/preschool operator like a smaller Bright Horizons.
Moat: narrow (scale, brand, regulatory licence). Largest Nordic private-education operator benefiting from voucher-funded school-choice systems and scale in compliance/staffing.
Headquarters: Stockholm, Sweden · Founded: 1996 · Employees: 17,745
Size AcadeMedia (ACAD.ST) is a Sweden Consumer Discretionary company (Other Consumer Services) with a market value of $1.22B, the 121st largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 124.80 on 6 Nov 2026.
Performance Over six months the shares gained 20.0%, against -13.7% for the median peer and +8.2% for the Sweden market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +4.1%); the operating margin is 6.8% (peer median 15.9%).
Valuation It trades at 9.9× forward earnings against a peer median of 15.5× (5th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | SEK 20.3B | SEK 19.7B | SEK 18.5B | SEK 16.7B | SEK 14.9B |
| Revenue growth | — | +6% | +11% | +12% | — |
| Gross profit | SEK 1.37B | SEK 1.34B | SEK 1.29B | SEK 900M | SEK 728M |
| EBITDA | SEK 3.84B | SEK 3.75B | SEK 3.65B | SEK 3.06B | SEK 2.65B |
| Net income | SEK 1.00B | SEK 955M | SEK 821M | SEK 632M | SEK 578M |
| Free cash flow | SEK 3.83B | SEK 3.46B | SEK 3.34B | SEK 3.13B | SEK 2.52B |
| Capital expenditure | SEK 456M | SEK 390M | SEK 341M | SEK 305M | SEK 324M |
| Total debt | SEK 15.5B | SEK 14.9B | SEK 12.1B | SEK 13.1B | SEK 11.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| AcadeMedia ACAD.ST | $1.22B | +20% | +8% | 7% | 9.9× | -1.8% |
| Bright Horizons Family Solutions BFAM | $2.57B | -24% | +7% | 10% | 9.8× | 5.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ACAD.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +23.6% | -4.5% | highest of 21 |
| 6-month return | +20.0% | -13.7% | 4th highest of 21 |
| Distance from 52-week high | -3.5% | -36.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +8.0% | +4.1% | 9th highest of 21 |
| Operating margin | 6.8% | 15.9% | 5th lowest of 21 |
| Forward P/E | 9.9× | 15.5× | 5th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -1.8% | 1.8% | 8th least demanding of 16 |
| Growth delivered (Del g) | +8.7% | +25.6% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | -10.6 pp | -24.3 pp | 4th most demanding of 16 |
| ROIC minus cost of capital | -0.0 pp | +3.6 pp | 7th lowest of 20 |
| EV / EBITDA | 6.9× | 7.3× | 8th cheapest of 16 |
| Net debt / EBITDA | 3.8× | -0.1× | most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AcadeMedia ACAD.ST | Sweden | $1.22B | +20% | +8% | 7% | 9.9× | -1.8% | +8.7% |
| Strategic Education STRA | United States | $1.16B | -35% | +4% | 16% | 7.9× | -12.6% | +4.3% |
| Zhang Jia Jie Tourism 000430.SZ | China | $1.15B | -22% | +20% | -81% | n/a | n/a | n/a |
| Shoucheng 0697.HK | Hong Kong | $1.33B | -27% | -1% | 16% | 15.5× | 21.2% | +15.3% |
| CATARC Automotive Proving Ground 301215.SZ | China | $1.10B | -12% | +23% | 43% | n/a | n/a | n/a |
| Changbai Mountain Tourism 603099.SS | China | $1.54B | +8% | +2% | 20% | 71.9× | 15.4% | +39.7% |
| Afya AFYA | United States | $960M | -25% | +17% | 32% | 5.9× | -16.3% | +23.2% |
| Sats SATS.OL | Norway | $937M | +10% | +5% | 18% | 15.2× | -5.9% | +10.6% |
| Voyageurs du Monde ALVDM.PA | France | $896M | +28% | +4% | 8% | 18.1× | 1.8% | +46.3% |
| Saga SAGA.L | United Kingdom | $1.67B | +56% | +37% | 16% | 18.6× | 12.6% | +14.3% |
| Trainline TRN.L | United Kingdom | $887M | -5% | +1% | 27% | 7.9× | -8.0% | +46.5% |
| Perdoceo Education PRDO | United States | $1.68B | -25% | +12% | 25% | 9.1× | -16.0% | +4.2% |
| Webbeds WEB.AX | Australia | $871M | +45% | +20% | 25% | 15.7× | 4.5% | +50.3% |
| Flight Centre Travel FLT.AX | Australia | $1.72B | +17% | +3% | 7% | 11.4× | 8.5% | +48.5% |
| Dongguan Kingsun Optoelectronic 002638.SZ | China | $849M | -16% | -24% | -34% | n/a | n/a | n/a |
| Shaanxi Tourism Culture Industry 603402.SS | China | $832M | -36% | -18% | 54% | 18.7× | -15.9% | +27.6% |
| TripAdvisor TRIP | United States | $820M | -38% | -4% | 5% | 10.1× | -6.6% | +25.6% |
| China Travel International Investment Hong Kong 0308.HK | Hong Kong | $809M | 0% | -7% | 11% | 23.4× | 5.4% | +15.7% |
| Mader MAD.AX | Australia | $806M | -29% | +15% | 9% | 15.7× | 5.2% | +26.9% |
| Caissa Tourism 000796.SZ | China | $805M | -36% | +42% | -10% | n/a | n/a | n/a |
| Dalian Sunasia Tourism 600593.SS | China | $793M | +19% | +5% | 32% | n/a | n/a | n/a |