KKOYF - Kesko: Long-Term Upside In Trading And Groceries

2024-06-16 09:19:08 ET

Summary

• Despite some volatility in earnings, Kesko has a history of meeting estimates and offers potential for growth and capital appreciation.
• Kesko is a solid long-term investment with good upside potential, offering a 6% dividend yield and market dominance in Finland.
• The company operates in groceries, building/trade, and automotive sectors, with a strong presence in food service and Northern Europe.

Dear readers/followers,

I cover Kesko ( OTCPK:KKOYF ) on a fairly regular basis nowadays because the company makes for what I consider to be a very attractive investment with a good long-term upside in a sector that Is extremely conservative - groceries (and some trading). Some of the company is building trade and automotive - and this is not conservative or non-volatile as such given the correlation to automotive and construction, but grocery certainly is.

In this article, I'll update for Q1'24, and show you why Kesko represents a very solid long-term investment with good upside potential. And while it looks for that upside valuation potential, you're still getting paid a dividend yield of 6% that is extremely well-covered at this time - and you're also not paying and sort of massive premium for owning the second-largest grocer in Finland....

For further details see: