Added to YB: 2026-04-29
Pitch date: 2026-02-24
AAK.ST [bearish]
AAK AB (publ.)
-9.11%
current return
Author Info
No bio for this author
Company Info
AAK AB (publ.) develops and sells plant-based oils and fats in Sweden and internationally. It operates through Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed segments.
Market Cap
SEK 64.1B
Pitch Price
SEK 248.20
Price Target
150.00 (-45%)
Dividend
2.24%
EV/EBITDA
12.11
P/E
18.68
EV/Sales
1.47
Sector
Food Products
Category
special_situation
AAK AB - $AAK.ST (short)
AAK.ST (short): Cocoa bean prices down ~40% from peak, headed to $2k/ton on supply glut. AAK's Chocolate & Confectionary div EBIT/ton doubled as cocoa butter substitute margins expanded w/ cocoa spike. Reversion to normal spreads = -20% to -40% downside to 150-200 SEK (vs 250 SEK now). Consensus estimates don't reflect deterioration. Pair trade: long Barry Callebaut (BARN.SW) for +100% upside as inventory deleverages, volumes rebound, BC Next Level adds 250M CHF savings.
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