Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Short SellingSee which listed companies have disclosed short interest
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Kesko

25.66 EUR-1.12 %6.11, 17.29
15,995 following

KESKOB

NASDAQ Helsinki

Retailers

Consumer Goods & Services

Overview
Financials & Estimates
Dividend
Short Selling
Investor views
Compare
-1.12 %
+15.57 %
+22.35 %
+25.87 %
+36.53 %
+44.88 %
+59.09 %
-10.18 %
+879.70 %

Kesko operates in the retail sector. The company offers services primarily aimed at the food, construction and technology industries. The largest activities are found in the development of store concepts, channel sales, e-commerce sites and business models. The majority of operations are found in the Nordic and Baltic markets. The head office is located in Helsinki.

Read more
Market cap
11.2B EUR
Turnover
22.6M EUR
P/E (adj.) (26e)
22.2
EV/EBIT (adj.) (26e)
21.56
P/B (26e)
3.14
EV/S (26e)
1.15
Dividend yield-% (26e)
3.59 %
Coverage
Recommendation
Reduce
Target price
25.00 EUR
Updated
06.11.2026
Arttu Heikura
Arttu Heikura

Analyst

Latest research

Latest analysis report

Released: 06.11.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types

Forum discussions
Arttu has published a new company report regarding the rights issue. Kesko published the terms for the rights issue related to financing the Dahl acquisition. Targeting gross proceeds of approximately EUR 652m, the issue is slightly larger than our previous assumption. We have updated...
yesterday
by Sijoittaja-alokas
20
At least from a retail investor’s perspective, the 11:1 subscription ratio chosen for the rights issue is a bit silly. Most likely, a retail investor holds a number of shares divisible by ten, meaning a 10:1 ratio, for example, would have been considerably clearer. That way, accounts...
11/5/2026, 9:04 PM
by roastbeef
10
That’s what needs to be considered here. Kesko-Dahl is interesting, especially since I believe in strong, boom years ahead for the construction industry. On the other hand, the increased cyclicality on the other side of the scale isn’t quite as appealing. Maybe I’ll subscribe for...
11/5/2026, 4:21 PM
by CoktailJet
9
I don’t quite get why people here are dumping their Kesko shares from their equity savings accounts (OST)? What does it matter if your holding isn’t evenly divisible by 11? Why sell Kesko off an equity savings account just because you won’t be able to buy subscription rights on it...
11/5/2026, 3:03 PM
by Hammer
9
Personally, I’m just trying to weigh the pros and cons here, and I’m not going to sell or buy Kesko shares just because my holding isn’t evenly divisible by 11. I’m just considering the different options and their financial viability. The fact that exercising subscription rights ...
11/5/2026, 3:39 PM
by Ekisetä
6
I’m wondering the same thing. I think I ended up with something like 10.09 subscription rights since I had one share over a multiple of 11, meaning I get to subscribe for 10 shares. Selling off the entire position just because of that leftover 0.09 doesn’t make any sense. In any ...
11/5/2026, 3:12 PM
by Hammer
6
You don’t theoretically lose many euros if the holding isn’t evenly divisible by 11 and a fraction remains unexercised because of it. I don’t understand these sales purely for that reason either.
11/5/2026, 3:06 PM
by Lohis
6
Read more on our forum
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.1
2027

Quarterly dividend

3.2
2027

Annual report '26

23.3
2027

General meeting '27

Kesko: Handles i dag uden tegningsretter
Research06.11.2026, 07.45
by Arttu Heikura

Kesko: Handles i dag uden tegningsretter

Kesko har offentliggjort vilkårene for fortegningsemissionen i forbindelse med finansieringen af opkøbet af Dahl.

Kesko
Regulatory press release05.11.2026, 09.00

Inside information: Kesko Corporation's Board of Directors has resolved on a rights issue of B shares of approximately €650 million and publishes the terms and conditions of the rights issue

Kesko
Analyst Comment03.11.2026, 07.05
by Arttu Heikura

Kesko gennemførte Dahl-virksomhedskøbet

Meddelelsen har ikke nogen indvirkning på vores estimater eller vores syn på selskabet.

Kesko

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Regulatory press release02.11.2026, 13.00

K-ryhmä: Kesko has acquired Dahl in Sweden and the Brødrene Dahl companies in Norway and Denmark

Kesko
Analyst Comment02.11.2026, 06.56
by Arttu Heikura

Væksten på Keskon ja Tokmannis det marquébillede accelererede i september

Det for Kesko og Tokmann centrale finneds marked for stormagasiner og hypermarkeder voksede med 3 % i september.

KeskoTokmanni Group
Regulatory press release30.10.2026, 09.30

K-ryhmä: Resolutions of Kesko Corporation's Extraordinary General Meeting

Kesko
Kesko Q3'26: Blikket er rettet mod værdiskabelsen muliggjort af Dahl
Research30.10.2026, 06.10
by Arttu Heikura

Kesko Q3'26: Blikket er rettet mod værdiskabelsen muliggjort af Dahl

Keskos Q3-regnskabsmeddelelse overgik vores forventninger en smule, særligt trukket af Bygge- og boligsektoren.

Kesko
Kesko Q3'26: Growth across all business areas11:33
Video29.10.2026, 14.30
by Arttu Heikura

Kesko Q3'26: Growth across all business areas

Kesko reported that revenue increased significantly from the comparison period, particularly driven by the building and technical trade. Kesko is optimistic about the future. CEO Jorma Rauhala discusses the earnings release in an interview with analyst Arttu Heikura.

Kesko
Kort kommentar til Kesko Q3'26: Resultatet oversteg estimaterne en smule, udsigterne for næste år er positive
Analyst Comment29.10.2026, 07.50
by Arttu Heikura

Kort kommentar til Kesko Q3'26: Resultatet oversteg estimaterne en smule, udsigterne for næste år er positive

Resultatet steg i forhold til sammenligningsperioden, særligt trukket af en stærk udvikling inden for RT-handlen.

Kesko
Regulatory press release29.10.2026, 07.00

Kesko interim report 1.1.-30.9.2026: Kesko's profit improved significantly - technical trade continues as the driver

Kesko
Regulatory press release27.10.2026, 18.00

Estimated completion date of Kesko's Dahl acquisition specified: 2 November 2026

Kesko
Regulatory press release27.10.2026, 16.45

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (26.10.2026)

Kesko
Regulatory press release26.10.2026, 16.45

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (23.10.2026)

Kesko
Regulatory press release22.10.2026, 16.15

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (21.10.2026)

Kesko
Regulatory press release19.10.2026, 14.00

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (16.10.2026)

Kesko
Regulatory press release17.10.2026, 10.30

Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (15.10.2026)

Kesko
Kesko Q3'26 preview: God indtjeningstakt er allerede i kursen
Research15.10.2026, 06.35
by Arttu Heikura

Kesko Q3'26 preview: God indtjeningstakt er allerede i kursen

Vi forventer, at koncernens resultatforbedring er fortsat, denne gang understøttet af alle hovedforretningsområder.

Kesko
Keskon omsætning vækst i september fortsatte stærkere end ventet
Analyst Comment14.10.2026, 07.43
by Arttu Heikura

Keskon omsætning vækst i september fortsatte stærkere end ventet

Keskon omsætning voksede med 5 % i september.

Kesko
Press release14.10.2026, 07.00

K-ryhmä: Kesko's sales in September

Kesko
Kesko: Finansieringsstrukturen for Dahl-virksomhedshandlen begynder at falde på plads
Analyst Comment09.10.2026, 06.40
by Arttu Heikura

Kesko: Finansieringsstrukturen for Dahl-virksomhedshandlen begynder at falde på plads

For at gennemføre emissionen indkalder selskabet til en ekstraordinær generalforsamling.

Kesko