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Rusta ABRUSTA.STCompetitor analysis, valuation and peers

Sweden · SEK·Consumer Discretionary›Specialty Stores

Swedish discount variety retail chain selling home goods, garden, leisure and household products at low prices.

≈ A Nordic discount variety retailer like a smaller Five Below/Big LotsMomentum weak 34
Mkt cap
$1.28B
US dollars, full cap
Free float
32%
of shares outstanding
$/day
$2.30M
20-day average traded
Fwd P/E
18.7×
forward earnings
ROIC−WACC
+4.0 pp
WACC 6.7%
Hurdle
-5 pp
Req g minus delivered
Next earnings
32 days
8 Dec 2026
Close · SEKSEK 81.45
1D+1.2%
1W-0.8%
1M+9.4%
3M-0.3%
6M-16.6%
YTD-5.8%
1Y+31.3%
ATR %2.2%
52w lowhigh22.3% off high

What Rusta does

Swedish discount variety retail chain selling home goods, garden, leisure and household products at low prices.

Buys goods directly from manufacturers, mostly in Asia, and sells them through large out-of-town stores, so profit is the gap between low purchase cost and shelf price multiplied by volume. Sales peak with the garden season and Christmas. Sweden carries the business, with stores also in Norway, Finland and Germany.

In one line: A Nordic discount variety retailer like a smaller Five Below/Big Lots.

Products and services

  • Home goods retail
  • Garden/outdoor products
  • Leisure/household products

Customers

  • Value-conscious retail consumers

Where it sits in the supply chain

  • Consumer Discretionary
  • Discount retail
  • Variety/discount home-goods retail

What could go right

  • Discount retail demand in economic downturns
  • Store footprint expansion

What could go wrong

  • Consumer discretionary spending sensitivity
  • Sourcing/currency and freight cost swings

Moat: narrow (cost advantage, scale, distribution). Low-cost sourcing (largely Asia) and growing store network support a discount value proposition, though retail is competitive.

Headquarters: Uppsala, Sweden · Founded: 1985 · Employees: 5,337

Named competitors

  • Clas Ohlson CLAS-B.ST
  • Jula (private) private or unlisted
  • Biltema (private) private or unlisted

Rusta at a glance

Size Rusta (RUSTA.ST) is a Sweden Consumer Discretionary company (Specialty Stores) with a market value of $1.28B, the 118th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 81.45 on 6 Nov 2026.

Performance Over six months the shares fell 16.6%, against +1.9% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 8.2% over the last twelve months (peer median +5.6%); the operating margin is 7.5% (peer median 5.0%).

Valuation It trades at 18.7× forward earnings against a peer median of 15.9× (7th most expensive of 18).

Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.0 points above its cost of capital (6.7% WACC).

Next results Next results expected around 8 Dec 2026 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 102RUSTA.ST 82
Six months, rebased to 100: Rusta against the median of its 20 peers (local-currency closes).

Rusta financials

Reported figures in SEK; fiscal year ends 2026-04-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 12.9BSEK 12.6BSEK 11.8BSEK 11.1BSEK 10.2B
Revenue growth—+7%+6%+9%—
Gross profitSEK 4.88BSEK 4.50BSEK 4.15BSEK 3.89BSEK 3.35B
EBITDASEK 2.01BSEK 1.86BSEK 1.74BSEK 1.65BSEK 1.33B
Net incomeSEK 591MSEK 549MSEK 476MSEK 408MSEK 261M
Free cash flowSEK 1.57BSEK 1.31BSEK 807MSEK 1.27BSEK 847M
Capital expenditureSEK 501MSEK 480MSEK 396MSEK 165MSEK 172M
Total debtSEK 5.41BSEK 5.43BSEK 5.64BSEK 5.72BSEK 5.93B

Quarterly statements and history in the cockpit →

Rusta 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

-20%0%+20%+40%0%+20%2577200028183186301078BILI-A6808HZO6003358133EYEBLUESTONELNF96900116APOTEAPETSSVV0000260590PETRUSTA.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Rusta is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%+60%0×50×100×2577200028183186301078BILI-AHZOEYEBLUESTONELNF96900116APOTEA0000260590RUSTA.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Rusta is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%0%25%50%2577200028183186301078BILI-A6808600335EYE9690APOTEASVV000026PETRUSTA.STGrowth 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. Rusta is the large dot.

Rusta competitors and peer comparison

Head to head with its named competitors (RUSTA.ST vs CLAS-B.ST)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Rusta RUSTA.ST$1.28B-17%+8%8%18.7×2.5%
Clas Ohlson CLAS-B.ST$3.49B+33%+10%13%23.7×6.8%

How Rusta 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.

Rusta against its 20 peers (data as of 6 Nov 2026)
MeasureRUSTA.STPeer medianRank in peer set
1-month return+9.4%+1.3%6th highest of 21
6-month return-16.6%+1.9%6th lowest of 21
Distance from 52-week high-22.3%-27.4%9th highest of 21
Revenue growth (TTM)+8.2%+5.6%9th highest of 21
Operating margin7.5%5.0%9th highest of 20
Forward P/E18.7×15.9×7th most expensive of 18
Growth the price implies (Req g, 7 yrs)2.5%-0.3%6th most demanding of 17
Growth delivered (Del g)+7.3%+4.7%7th highest of 17
Hurdle (Req g minus delivered)-4.8 pp-5.0 pp8th most demanding of 17
ROIC minus cost of capital+4.0 pp+3.2 pp9th highest of 19
EV / EBITDA8.6×7.3×5th most expensive of 13
Net debt / EBITDA2.4×1.4×7th most indebted of 17

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
Rusta RUSTA.STSweden$1.28B-17%+8%8%18.7×2.5%+7.3%
SILICON 2 257720.KSSouth Korea$1.30B-39%+55%19%7.2×-14.8%+62.2%
Chengdu Fusen Noble-House Industrial 002818.SZChina$1.26B-8%-22%42%11.2×-2.7%-1.0%
Nextage 3186.TJapan$1.25B-26%+24%4%11.2×-0.1%+22.0%
Kidswant Digital Technology 301078.SZChina$1.24B-25%+5%5%21.8×-0.6%+4.2%
Bilia BILI-A.STSweden$1.37B+9%+1%3%14.6×0.9%+6.0%
Sun Art Retail 6808.HKHong Kong$1.37B-24%-10%0%n/a1.6%-9.4%
MarineMax HZOUnited States$1.16B+21%-6%2%32.8×n/an/a
Sinomach Automobile 600335.SSChina$1.16B-14%-11%2%n/a-10.9%-4.2%
Itochu Enex 8133.TJapan$1.41B+3%+2%3%n/a-7.1%+2.9%
National Vision EYEUnited States$1.42B-22%+8%4%16.3×15.6%+3.0%
Bluestone Jewellery and Lifestyle BLUESTONE.NSIndia$1.15B+41%+38%9%132.9×n/an/a
Leon's Furniture LNF.TOCanada$1.43B+16%0%8%13.3×-3.3%+3.0%
TUHU Car 9690.HKHong Kong$1.14B-13%+16%0%21.3×-17.8%+12.7%
Chow Sang Sang Holdings International 0116.HKHong Kong$1.13B+7%+16%20%3.1×n/an/a
Apotea APOTEA.STSweden$1.11B+42%+9%4%37.2×7.9%+9.4%
Pets At Home PETS.LUnited Kingdom$1.51B+48%-1%7%15.9×9.2%+5.2%
Savers Value Village SVVUnited States$1.52B+22%+10%8%18.2×12.9%+15.0%
FIYTA Precision Technology 000026.SZChina$1.05B+1%+2%n/a52.4×5.3%-3.8%
Luk Fook Holdings (International) 0590.HKHong Kong$1.58B-9%+29%20%6.1×n/an/a
Pet Valu PET.TOCanada$1.03B+6%+6%16%13.0×-3.5%+12.6%

Questions

Who are Rusta's main competitors?
Named competitors: Clas Ohlson (CLAS-B.ST), Jula (private) (private or unlisted), Biltema (private) (private or unlisted). The cockpit's measured peer set (industry) also includes SILICON 2 (257720.KS), Chengdu Fusen Noble-House Industrial (002818.SZ), Nextage (3186.T), Kidswant Digital Technology (301078.SZ), Bilia (BILI-A.ST), Sun Art Retail (6808.HK).
Is Rusta expensive compared with its peers?
On forward p/e it trades at 18.7× against a peer median of 15.9×, 7th most expensive of 18 in its peer set. For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has Rusta stock performed?
Over six months to 6 Nov 2026 the shares returned -16.6% against +1.9% for the median peer; over one year +31.3%.

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.