ICA Gruppen (ICA.ST) Stock Price

ICA Gruppen Price

Delisted·Jan 13, 2022
536.00SEK
Last traded price

Revenue has compounded at 32.0% per year over the past 19 years to 127.96 B SEK. Earnings per share have grown at 14.2% per year over the last 18 years. ICA Gruppen's net margin stands at 3.5%, broadly stable from 3.8% several years earlier. ICA Gruppen currently offers a dividend yield of about 2.43%. The payout ratio is around 58% of earnings. The dividend has grown at 7.3% per year over the past 15 years. Analysts set a median price target of 499.29 SEK, implying 6.8% below the current price. Of 13 analysts, 0 rate the stock a buy — an overall Sell consensus.

ICA Gruppen stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of ICA Gruppen over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how ICA Gruppen stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing ICA Gruppen's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

ICA Gruppen Stock Price History
DateICA Gruppen Price
Access this data via the Eulerpool API

ICA Gruppen Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
115.35 B SEK
4.66 B SEK
3.49 B SEK
Jan 1, 2019
119.30 B SEK
4.93 B SEK
3.43 B SEK
Jan 1, 2020
126.28 B SEK
5.78 B SEK
4.15 B SEK
Jan 1, 2021
127.96 B SEK
5.80 B SEK
4.53 B SEK
Jan 1, 2022 (e)
130.70 B SEK
5.91 B SEK
4.29 B SEK
Jan 1, 2023 (e)
135.37 B SEK
6.02 B SEK
4.54 B SEK
Jan 1, 2024 (e)
135.60 B SEK
6.01 B SEK
4.56 B SEK
Jan 1, 2025 (e)
135.91 B SEK
6.05 B SEK
4.63 B SEK

ICA Gruppen Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 23, 2026, 10:50 AM
 
REVENUEB SEK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB SEK
EBITB SEK
EBIT MARGIN%
NET INCOMEB SEK
NET INCOME GROWTH%
SHARESM
2010201120122013201420152016201720182019202020212022e2023e2024e2025e
2.932.502.7365.1687.17101.22103.66109.41115.35119.30126.28127.96130.70135.37135.60135.91
22.53-14.779.132,290.1333.7916.112.405.555.433.425.861.332.143.570.170.23
-2.461.7245.1915.4313.9213.5513.4816.7517.5321.9517.0617.1117.1117.1117.1117.11
-0.070.041.2310.0512.1413.7213.9718.3320.2226.1921.5421.8922.3623.1623.2023.25
-0.35-0.25-0.122.663.593.944.525.224.664.935.785.805.916.026.016.05
-11.94-10.05-4.404.094.123.894.364.774.044.144.584.534.524.454.434.45
-0.300.100.329.442.524.863.414.133.493.434.154.534.294.544.564.63
-141.74-132.67227.272,813.27-73.3292.81-29.7021.01-15.47-1.6921.019.10-5.365.880.461.45
171.00172.00172.00201.15201.15201.15166.88203.20201.15201.15201.15201.15201.15201.15201.15201.15
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales ICA Gruppen generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue ICA Gruppen retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare ICA Gruppen's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares ICA Gruppen has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against ICA Gruppen's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

ICA Gruppen stock margins

The ICA Gruppen margin analysis displays the gross margin, EBIT margin, as well as the profit margin of ICA Gruppen. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for ICA Gruppen.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
16.75 %
4.77 %
3.77 %
Jan 1, 2018
17.53 %
4.04 %
3.03 %
Jan 1, 2019
21.95 %
4.14 %
2.88 %
Jan 1, 2020
17.06 %
4.58 %
3.29 %
Jan 1, 2021
17.11 %
4.53 %
3.54 %
Jan 1, 2022 (e)
17.11 %
4.52 %
3.28 %
Jan 1, 2023 (e)
17.11 %
4.45 %
3.35 %
Jan 1, 2024 (e)
17.11 %
4.43 %
3.36 %

ICA Gruppen Stock Revenue, EBIT, Earnings per Share

The ICA Gruppen earnings per share therefore indicates how much revenue ICA Gruppen has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
538.42 SEK
25.69 SEK
20.32 SEK
Jan 1, 2018
573.48 SEK
23.16 SEK
17.36 SEK
Jan 1, 2019
593.07 SEK
24.53 SEK
17.06 SEK
Jan 1, 2020
627.82 SEK
28.74 SEK
20.65 SEK
Jan 1, 2021
636.14 SEK
28.82 SEK
22.53 SEK
Jan 1, 2022 (e)
649.78 SEK
29.39 SEK
21.32 SEK
Jan 1, 2023 (e)
672.97 SEK
29.92 SEK
22.57 SEK
Jan 1, 2024 (e)
674.11 SEK
29.86 SEK
22.68 SEK

ICA Gruppen business model & stock analysis

ICA Group AB is a leading company in the Swedish and Nordic retail industry. The company's history dates back to 1917 when ICA - one of the first grocery stores in Sweden - was opened. The three letters "ICA" stand for "Industriell Co-operative Association," referring to the company's original cooperative structure. Today, ICA Group AB is a publicly traded company and operates a total of approximately 1,300 stores in Sweden, Norway, and Estonia. It employs over 23,000 employees and generates a revenue of over SEK 122 billion (approximately 12 billion euros). The business model of ICA Group AB is based on providing customers with the best possible service and a wide range of products. The company's various divisions include retail food, property management, and financial services. In the retail sector, ICA Group AB owns and operates various concepts such as ICA Supermarket, ICA Kvantum, and ICA Nära, tailored to different target groups. Supermarkets offer a wide range of products including fresh produce, meat, and baked goods, while ICA Kvantum markets focus on higher quality standards and a larger selection of organic and fair trade products. ICA Nära stores are designed to meet the needs of customers in rural areas or smaller towns and offer a smaller, yet carefully selected range of products. ICA Group AB also distributes a variety of private label brands, including the budget-friendly ICA Basic product line, as well as the higher-end brands ICA Selection and ICA Gott Liv. These private labels allow the company to improve its margins and differentiate itself from competitors. ICA Group AB also has a strong presence in other areas. For example, the company owns and operates the real estate manager ICA Fastigheter, which owns various commercial and residential properties in Sweden and Norway. In addition, ICA Banken, the banking subsidiary of ICA Group AB, offers financial products such as loans, savings accounts, and credit cards. Overall, ICA Group AB is a key player in the retail industry and a significant company in Sweden. The company has a long history and a wide range of products, allowing it to cater to various needs and market segments while standing out from the competition.

ICA Gruppen SWOT Analysis

Strengths

ICA Gruppen AB is one of the leading retail companies in Sweden, with a strong market presence and established brand reputation.

The company has a wide range of products and services, including grocery stores, pharmacies, and financial services, providing a one-stop shopping experience for customers.

ICA Gruppen has a well-developed supply chain and distribution network, ensuring efficient operations and timely delivery of goods.

Weaknesses

The company's reliance on the Swedish market makes it vulnerable to economic downturns or changes in consumer behavior within the country.

ICA Gruppen faces intense competition from both traditional retailers and online platforms, which puts pressure on profitability and market share.

The company may face challenges in adapting to rapidly changing consumer trends and preferences, requiring constant innovation and updating of product offerings.

Opportunities

ICA Gruppen can expand its market presence by targeting emerging markets or exploring international expansion opportunities.

The increasing focus on sustainability and ethical consumption provides an opportunity for the company to enhance its corporate social responsibility initiatives and attract environmentally conscious customers.

ICA Gruppen can leverage technological advancements to improve its online presence, develop e-commerce capabilities, and enhance customer engagement through digital channels.

Threats

The retail industry is subject to changing regulations and policies, which can impact ICA Gruppen's operations and profitability.

The rise of e-commerce and online shopping poses a threat to traditional brick-and-mortar retailers, including ICA Gruppen.

Changing consumer preferences and shopping habits, such as increased demand for convenience and home delivery, can pose challenges for the company to adapt and meet customer expectations.

ICA Gruppen Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

ICA Gruppen historical P/E ratio, EBIT multiple, and P/S ratio

ICA Gruppen annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

ICA Gruppen shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
203.20 M Stocks
Jan 1, 2018
201.15 M Stocks
Jan 1, 2019
201.15 M Stocks
Jan 1, 2020
201.15 M Stocks
Jan 1, 2021
201.15 M Stocks
Jan 1, 2022 (e)
201.15 M Stocks
Jan 1, 2023 (e)
201.15 M Stocks
Jan 1, 2024 (e)
201.15 M Stocks

ICA Gruppen Dividend History

15 years of dividend payments · 9 consecutive increases

YearAnnual DividendYoY ChangePayments
202113.00SEK 8.3%
202012.00SEK 4.3%
201911.50SEK 4.5%
201811.00SEK 4.8%
201710.50SEK 5.0%
201610.00SEK 5.3%
20159.50SEK 18.8%
20148.00SEK 28.0%
20126.25SEK 4.2%
20116.00SEK 0.0%

ICA Gruppen dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
51.66 %
Jan 1, 2018
63.38 %
Jan 1, 2019
67.40 %
Jan 1, 2020
58.12 %
Jan 1, 2021
57.71 %
Jan 1, 2022 (e)
61.08 %
Jan 1, 2023 (e)
58.97 %
Jan 1, 2024 (e)
59.25 %

Current ICA Gruppen forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
0.00 % (0)
Hold
46.15 % (6)
Sell
53.85 % (7)
12M Price Target
499.29
Last Price
536.00
Currency
SEK
12M Return Potential
-6.85 %
LTM Return
0 %

ICA Gruppen Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
10/28/20216.21SEK-32.62 BSEK-2021 Q3
8/18/20215.17SEK-32.86 BSEK-2021 Q2
4/29/20214.71SEK-30.89 BSEK-2021 Q1
2/10/20214.76SEK-32.80 BSEK-2020 Q4
10/23/20206.23SEK-31.50 BSEK-2020 Q3
8/19/20205.28SEK-32.68 BSEK-2020 Q2
4/29/20204.55SEK-30.74 BSEK-2020 Q1
2/6/20204.96SEK-31.44 BSEK-2019 Q4
10/24/20196.05SEK-30.22 BSEK-2019 Q3
8/15/20193.94SEK-31.09 BSEK-2019 Q2

ICA Gruppen shareholder structure

% Name
91.34387%
Murgröna Holding AB (publ)
Murgröna Holding AB (publ)
2.29478%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.22088%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.18375%
AMF Pensionsförsäkring AB
AMF Pensionsförsäkring AB
0.70274%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
0.63615%
Jönsson (Leif)
Jönsson (Leif)
...

ICA Gruppen Executives and Management Board

52 members · avg. age 57 · 29 % women

PS

Mr. Per Stromberg (58)

Chief Executive Officer · since 2013

23.53 M SEK

Management

AS

Mr. Anders Svensson (56)

Deputy Chief Executive Officer, Chief Executive Officer of ICA Sweden · since 2014

SL

Mr. Sven Lindskog (57)

Chief Financial Officer · since 2014

GB

Mr. Giedrius Bandzevicius

Chief Executive Officer - Rimi Baltic · since 2021

MH

Ms. Marie Halling (57)

Chief Executive Officer of ICA Bank · since 2014

AN

Mr. Anders Nyberg (65)

Chief Executive Officer of Apotek Hjartat · since 2015

AN

Ms. Anna Nyberg (48)

Chief Executive Officer of ICA Real Estate · since 2020

Board of Directors

CS

Mr. Claes-Goran Sylven (61)

Independent Chairman of the Board · since 2013

1.30 M SEK
CW

Ms. Cecilia Wennborg (57)

Independent Director · since 2005

825,000.00 SEK
BS

Mr. Bo Sandstrom (45)

Independent Director · since 2019

700,000.00 SEK
LO

Dr. Lars Otterbeck (72)

Independent Chairman of the Board · since 2005

696,000.00 SEK
LE

Mr. Lennart Evrell (66)

Independent Director · since 2019

650,000.00 SEK
AJ

Ms. Andrea Joosen (57)

Independent Director · since 2010

650,000.00 SEK

Frequently asked questions about ICA Gruppen

ICAGruppen AB operates as a Swedish retail company. Its business model revolves around operating grocery retail stores, pharmacies, and fast-food restaurants across Sweden, Estonia, Latvia, and Lithuania. The company's strategy focuses on offering a wide range of high-quality products and services to meet customers' needs. By emphasizing customer satisfaction and convenience, ICAGruppen aims to build long-term relationships with its customers and create value for its shareholders. Through continuous innovation and cost efficiency, ICAGruppen strives to maintain its position as a leading player in the retail industry within its markets.

ICA Gruppen AB is primarily active in the retail industry.

ICA Gruppen AB faces competition from several key players in the market. Its main competitors include Axfood AB, Coop Sverige AB, and Svenska Dagbladet AB. These companies are also prominent in the retail and grocery industry, offering similar products and services to customers. However, ICA Gruppen AB stands out with its strong market presence, extensive network of stores, and diverse product range. The company's continuous efforts in innovation, customer-centric approach, and strategic partnerships help maintain its competitive position in the market.

ICA Gruppen AB is a multinational retail company headquartered in Solna, Sweden. Founded in 1938, ICA Gruppen has a rich history and has grown to become one of the leading retail companies in the Nordic region. The company operates in various segments, including food retail, pharmacy, and real estate. ICA Gruppen operates multiple retail brands, such as ICA, Rimi, and Maxi, providing a wide range of products and services to its customers. With a strong focus on sustainability and customer satisfaction, ICA Gruppen AB has established itself as a trusted and reliable name in the retail industry.

ICA Gruppen AB, a leading retail company in Sweden, has accomplished several significant milestones. Over the years, the company has been focused on enhancing customer experience, expanding its market presence, and driving sustainability initiatives. Notable achievements include the launch of an e-commerce platform for ICA Sweden, offering convenient online shopping options for customers. ICA Gruppen AB has also made strides in sustainability by setting ambitious climate and energy targets, receiving recognition for its sustainable business practices. The company's commitment to quality and innovation has earned it numerous accolades, highlighting its position as a trusted and forward-thinking retail player in the market.

ICA Gruppen AB is primarily present in Sweden and the Baltic countries, including Estonia, Latvia, and Lithuania. In Sweden, ICA Gruppen AB operates through its various retail formats, such as ICA Kvantum, ICA Supermarket, and ICA Nära, serving customers across the country. The company has a significant market presence in the Baltic countries as well, with a focus on retail operations and a strong customer base.

ICA Gruppen AB represents a set of core values and a corporate philosophy that guide its operations. The company is committed to acting responsibly and ethically, placing a high emphasis on sustainability and social responsibility. ICA Gruppen AB aims to create long-term value for its stakeholders, including customers, employees, shareholders, and society as a whole. The company strives for innovation, fostering a customer-centric approach, and maintaining strong relationships with its partners. With a focus on delivering quality products and services, ICA Gruppen AB is dedicated to being a trusted and reliable partner in the retail industry.

Analysts currently set an average price target of 465.63 SEK for the ICA Gruppen stock (median: 499.29 SEK), implying -13.1 % versus the latest price. The consensus is based on 13 analyst ratings.

13 analysts currently rate the ICA Gruppen stock: 0 recommend buying, 6 holding and 7 selling.

Converted at the current exchange rate, the ICA Gruppen share trades at 48.44 EUR (536.00 SEK).

The company ICA Gruppen AB is a Swedish company specializing in retail. It was founded in 1938 and has since become one of the largest companies in Scandinavia. ICA operates various retail chains in Sweden, Norway, and the Baltics, including ICA, Rimi, and Apotek Hjärtat. Overall, ICA Gruppen AB has a wide range of products and services in various areas. The company's business model is based on providing quality products at reasonable prices and creating high customer satisfaction. It balances traditional retail and modern e-commerce to meet the diverse needs of its customers. ICA Gruppen AB is a well-known and reputable company with a high level of brand recognition. It invests in marketing and advertising campaigns to keep its customers informed and attract new ones. The company's business model focuses on continuous development and adaptation to changing customer needs and requirements, guided by a culture of innovation, efficiency, and customer orientation.

The revenue cannot currently be calculated for ICA Gruppen.

The profit cannot currently be calculated for ICA Gruppen.

The P/E ratio cannot be calculated for ICA Gruppen at the moment.

The P/S cannot be calculated for ICA Gruppen currently.

The Eulerpool Quality Score for ICA Gruppen is 6/10.

The ISIN of ICA Gruppen is SE0000652216. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of ICA Gruppen is A0HMWS. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of ICA Gruppen is ICA.ST. The ticker symbol is used to trade ICA Gruppen shares on the stock exchange.

The current dividend yield of ICA Gruppen is 2.43 %.

ICA Gruppen pays a dividend, distributed in the months of , , , .

ICA Gruppen paid dividends every year for the past 0 years.

ICA Gruppen is assigned to the 'Non-cyclical consumption' sector.

To receive the latest dividend of ICA Gruppen from amounting to 13 SEK, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

The dividends of ICA Gruppen are distributed in SEK.

All fundamentals and in-depth analysis of ICA Gruppen

Our stock analysis for ICA Gruppen stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ICA Gruppen. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.