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← CockpitCompetitor Analysis › LINDEX.HE Lindex Group plc Class BOpen in the cockpit ↗

Lindex Group plc Class BLINDEX.HECompetitor analysis, valuation and peers

Finland · EUR·Consumer Discretionary›Apparel/Footwear Retail
Momentum leader 84
Mkt cap
$456M
US dollars, full cap
Free float
68%
of shares outstanding
$/day
$462,246
20-day average traded
Fwd P/E
12.4×
forward earnings
ROIC−WACC
+0.9 pp
WACC 5.0%
Hurdle
-11 pp
Req g minus delivered
Next earnings
91 days
5 Feb 2027
Close · EUR€2.48
1D-1.0%
1W-0.2%
1M+16.5%
3M+7.8%
6M+16.2%
YTD+0.2%
1Y-8.3%
ATR %2.7%
52w lowhigh12.4% off high

What Lindex does

Employees: 5,937

Lindex at a glance

Size Lindex (LINDEX.HE) is a Finland Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $456M, the 53rd largest of 65 Finland companies the cockpit tracks. Shares closed at €2.48 on 6 Nov 2026.

Performance Over six months the shares gained 16.2%, against -6.3% for the median peer and -2.9% for the Finland market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 4.0% over the last twelve months (peer median +6.9%); the operating margin is 7.4% (peer median 3.5%).

Valuation It trades at 12.4× forward earnings against a peer median of 12.8× (7th cheapest of 15).

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 +4%, so the hurdle is -11 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.9 points above its cost of capital (5.0% WACC).

Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 2026LINDEX.HE 117Peer median 94
Six months, rebased to 100: Lindex against the median of its 20 peers (local-currency closes).

Lindex financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€979M€952M€940M€952M€982M
Revenue growth—+1%-1%-3%—
Gross profit€248M€235M€240M€242M€253M
EBITDA€186M€181M€179M€179M€193M
Net income€39.0M€26.2M€13.2M€51.7M€102M
Free cash flow€138M€92.7M€51.6M€36.8M-€7.60M
Capital expenditure€29.4M€30.6M€38.4M€65.4M€62.7M
Total debt€627M€678M€686M€659M€622M

Quarterly statements and history in the cockpit →

Lindex competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%0023563709CAL002762ARVINDFASN7606UNIABFRLSHOEDEBSGCOCTRNSMCPRVRCSFIXJILLREDTAPEDBISTYLEBAAZALINDEX.HE6-month return →1-month return →
Up and to the right = strong over both horizons. Lindex is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%10×20×30×3709CALARVINDFASN7606UNISHOEDEBSGCOCTRNJILLSTYLEBAAZALINDEX.HERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Lindex is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%3709CALARVINDFASN7606UNISHOEGCOCTRNSMCPRVRCSFIXDBILINDEX.HEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Lindex is the large dot.

Lindex competitors and peer comparison

How Lindex compares with its peers

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.

Lindex against its 20 peers (data as of 6 Nov 2026)
MeasureLINDEX.HEPeer medianRank in peer set
1-month return+16.5%-0.9%highest of 21
6-month return+16.2%-6.3%4th highest of 20
Distance from 52-week high-12.4%-29.3%3rd highest of 21
Revenue growth (TTM)+4.0%+6.9%9th lowest of 21
Operating margin7.4%3.5%8th highest of 20
Forward P/E12.4×12.8×7th cheapest of 15
Growth the price implies (Req g, 7 yrs)-7.2%5.8%3rd least demanding of 15
Growth delivered (Del g)+3.8%+6.3%5th lowest of 15
Hurdle (Req g minus delivered)-11.0 pp-6.9 pp5th least demanding of 15
ROIC minus cost of capital+0.9 pp-2.3 pp7th highest of 20
EV / EBITDA5.1×7.7×4th cheapest of 14
Net debt / EBITDA2.9×3.0×10th least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Lindex LINDEX.HEFinland$456M+16%+4%7%12.4×-7.2%+3.8%
Shenzhen Pengfei Green Energy Development 002356.SZChina$458M-29%-23%n/an/an/an/a
EEKA Fashion 3709.HKHong Kong$442M-20%-4%8%6.8×-19.3%+2.6%
Caleres CALUnited States$438M-6%+7%4%6.6×0.4%+5.4%
Jinfa Labi Maternity & Baby Articles 002762.SZChina$429M-4%+12%-14%n/an/an/a
Arvind Fashions ARVINDFASN.NSIndia$486M-25%+13%8%26.8×16.6%+22.5%
United Arrows 7606.TJapan$426M-1%+8%6%10.1×-10.9%+6.2%
Universal Store UNI.AXAustralia$425M+24%+13%17%14.1×4.0%+12.3%
Purple Style Labs PERNIASPOP.NSIndia$417Mn/a+14%-14%n/an/an/a
Aditya Birla Fashion and Retail ABFRL.NSIndia$503M-42%-27%-8%n/an/an/a
Shoe Station SHOEUnited States$395M-19%-4%3%13.2×8.0%+3.1%
boohoo DEBS.LUnited Kingdom$526M+46%+120%0%29.6×n/an/a
Genesco GCOUnited States$390M+3%+3%1%11.6×14.5%+6.4%
Citi Trends CTRNUnited States$375M-3%+11%1%22.1×49.7%+0.9%
Smcp SMCP.PAFrance$368M-17%-1%9%6.3×-6.7%+6.9%
RVRC RVRC.STSweden$596M-1%+5%21%14.4×7.6%+17.6%
Stitch Fix SFIXUnited States$346M-23%+6%-2%n/a10.2%-8.5%
J.Jill JILLUnited States$333M+70%-2%8%10.3×-5.4%+6.9%
Redtape REDTAPE.NSIndia$624M-18%+14%14%n/a10.2%+18.1%
Designer Brands DBIUnited States$329M-8%-1%3%12.5×2.3%+5.3%
Baazar Style Retail STYLEBAAZA.NSIndia$314M-6%+35%5%33.4×n/an/a

Questions

Which companies are Lindex's closest peers?
The cockpit's peer set: Shenzhen Pengfei Green Energy Development (002356.SZ), EEKA Fashion (3709.HK), Caleres (CAL), Jinfa Labi Maternity & Baby Articles (002762.SZ), Arvind Fashions (ARVINDFASN.NS), United Arrows (7606.T), Universal Store (UNI.AX), Purple Style Labs (PERNIASPOP.NS).
Is Lindex expensive compared with its peers?
On forward p/e it trades at 12.4× against a peer median of 12.8×, 7th cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -11 pp: the price already allows for a slowdown.
How has Lindex stock performed?
Over six months to 6 Nov 2026 the shares returned +16.2% against -6.3% for the median peer; over one year -8.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.