Added to YB: 2026-08-07
Pitch date: 2026-08-05
CEDER.ST [neutral]
Cedergrenska AB (publ)
+0.65%
current return
Author Info
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Company Info
Cedergrenska AB (publ) provides education services in Sweden. It operates preschool, elementary, and upper secondary schools, as well as operates gymnasiums and adult education centers.
Market Cap
SEK 587.5M
Pitch Price
SEK 46.40
Price Target
150.00 (+225%)
Dividend
9.48%
EV/EBITDA
8.90
P/E
17.98
EV/Sales
0.43
Sector
Diversified Consumer Services
Category
value
Cedergrenska AB – A Tiny, Profitable, Cheap, Serial Acquirer
CEDER.ST (overview): Swedish for-profit school serial acquirer, 54 facilities, 6.45% share of fragmented mkt. FY24/25 rev +35.8% to SEK1.23B, EBITA SEK94M (7.6% margin), net SEK20.5M, ~15% ROIC. 27x PE but only 7x EV/EBITA. Acquires at 5-8x (now 3-4x on regulatory fear). Doubling in 5yrs implies 125-221% upside on rerate. Key risk: left party (leading polls) wants schools nationalized; author cites EU property rights/Article 17 as protection. Author does not own; awaiting election clarity.
Read full article (10 min)