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Swedish home-improvement and hardware retail chain selling tools, electronics and household goods in stores and online.
Swedish home-improvement and hardware retail chain selling tools, electronics and household goods in stores and online.
Buys goods in bulk, a part of them sold under its own labels, and sells them through its own stores and website, so profit depends on the gross margin of the mix. Sweden and Norway are its biggest markets.
In one line: A Nordic Ace Hardware/Harbor Freight hybrid.
Moat: narrow (brand, distribution, scale). Well-known Nordic retail brand with dense store network, though facing e-commerce and discount competition.
Headquarters: Insjon, Sweden · Founded: 1918 · Employees: 5,229
Size Clas Ohlson (CLAS-B.ST) is a Sweden Consumer Discretionary company (Home Improvement Chains) with a market value of $3.49B, the 54th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 538.50 on 6 Nov 2026.
Performance Over six months the shares gained 32.8%, against +14.6% for the median peer and +8.2% for the Sweden market (cap-weighted) — 2nd highest of 8 in its peer set.
Growth Revenue grew 9.8% over the last twelve months (peer median +3.9%); the operating margin is 12.7% (peer median 5.5%).
Valuation It trades at 23.7× forward earnings against a peer median of 12.5× (2nd most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 33.6 points above its cost of capital (7.7% WACC).
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 13.0B | SEK 12.5B | SEK 11.6B | SEK 10.2B | SEK 9.02B |
| Revenue growth | — | +8% | +14% | +13% | — |
| Gross profit | SEK 1.64B | SEK 2.76B | SEK 3.93B | SEK 3.42B | SEK 2.75B |
| EBITDA | SEK 2.37B | SEK 2.25B | SEK 1.92B | SEK 1.97B | SEK 1.24B |
| Net income | SEK 1.26B | SEK 1.17B | SEK 882M | SEK 509M | SEK 181M |
| Free cash flow | SEK 2.05B | SEK 1.99B | SEK 1.71B | SEK 1.37B | SEK 853M |
| Capital expenditure | SEK 316M | SEK 182M | SEK 152M | SEK 119M | SEK 123M |
| Total debt | SEK 1.86B | SEK 1.90B | SEK 1.70B | SEK 1.84B | SEK 1.88B |
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 |
|---|---|---|---|---|---|---|
| Clas Ohlson CLAS-B.ST | $3.49B | +33% | +10% | 13% | 23.7× | 6.8% |
| Byggmax BMAX.ST | $393M | +42% | +2% | 6% | 13.7× | -0.4% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Rusta RUSTA.ST | $1.28B | -17% | +8% | 8% | 18.7× | 2.5% |
| Europris EPR.OL | $1.44B | -9% | +3% | 9% | 15.2× | -4.3% |
| Kesko KESKOA.HE | $11.3B | +23% | +6% | 5% | 20.6× | 4.8% |
| Currys CURY.L | $1.97B | +16% | +6% | 2% | 10.4× | 4.3% |
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 | CLAS-B.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.3% | +6.9% | highest of 8 |
| 6-month return | +32.8% | +14.6% | 2nd highest of 8 |
| Distance from 52-week high | 0.0% | -7.0% | highest of 8 |
| Revenue growth (TTM) | +9.8% | +3.9% | highest of 8 |
| Operating margin | 12.7% | 5.5% | highest of 8 |
| Forward P/E | 23.7× | 12.5× | 2nd most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 6.8% | -1.7% | 2nd most demanding of 8 |
| Growth delivered (Del g) | +8.6% | +3.3% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | -1.8 pp | -4.5 pp | 3rd most demanding of 8 |
| ROIC minus cost of capital | +33.6 pp | -0.5 pp | highest of 8 |
| EV / EBITDA | 14.3× | 6.4× | most expensive of 8 |
| Net debt / EBITDA | -0.1× | 2.4× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Clas Ohlson CLAS-B.ST | Sweden | $3.49B | +33% | +10% | 13% | 23.7× | 6.8% | +8.6% |
| Floor & Decor FND | United States | $5.34B | -1% | +2% | 6% | 27.3× | 17.7% | +14.1% |
| HORNBACH Holding AG & Co. KGaA HBH.DE | Germany | $1.66B | +18% | +5% | 4% | 10.2× | -3.6% | +3.4% |
| Kingfisher KGF.L | United Kingdom | $8.17B | +34% | +1% | 5% | 13.9× | 5.7% | +1.0% |
| DCM 3050.T | Japan | $1.40B | +10% | +5% | 6% | 12.5× | -1.7% | +2.9% |
| Komeri 8218.T | Japan | $1.21B | +17% | +3% | 6% | 11.8× | -6.8% | 0.0% |
| Sangetsu 8130.T | Japan | $1.15B | +4% | +4% | 10% | 13.7× | -10.8% | +7.3% |
| Kohnan Shoji 7516.T | Japan | $925M | +15% | +6% | 5% | 10.1× | 0.4% | +3.3% |