Professional
Added to YB: 2026-05-06
Pitch date: 2026-04-30
HAYPP.ST [neutral]
Haypp Group AB (publ)
+0.49%
current return
Author Info
Caro-Kann Capital is a research-intensive investment firm focused on small cap stocks. Visit the website.
Company Info
Haypp Group AB (publ) operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.
Market Cap
SEK 3.9B
Pitch Price
SEK 122.80
Price Target
3.7K (+2861%)
Dividend
N/A
EV/EBITDA
22.46
P/E
89.56
EV/Sales
1.05
Sector
Specialty Retail
Category
growth
Caro-Kann Capital Portfolio Holding: Haypp Group AB
HAYPP.ST (holding update): Largest online NP retailer w/ moat from scale (lower unit costs), SEO dominance (<1% marketing spend vs ad-restricted rivals), & brand partnerships. Strong mgmt (CEO owns 3.5%) executing 7+ yrs. Not demanding valuation; path to strong 3-5yr returns, 20-30x upside possible 8-12yrs. Risks: regulation, Amazon entry, execution.
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