Karo Pharma (KARO.ST) Stock Price

Karo Pharma Price

Delisted·Nov 24, 2022
60.70SEK
Last traded price

Over the last 19 years Karo Pharma grew revenue by 16.0% annually, reaching 2.96 B SEK. Earnings per share have declined at 25.6% per year over the last 4 years. For Karo Pharma, the net margin of -0.6% is down versus 2.2% a few years ago. At today's price the dividend yield works out to roughly 0.49%. The payout ratio is around 7% of earnings.

Karo Pharma stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Karo Pharma 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 Karo Pharma 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 Karo Pharma's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Karo Pharma Stock Price History
DateKaro Pharma Price
Access this data via the Eulerpool API

Karo Pharma Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
1.90 B SEK
172.10 M SEK
8.89 M SEK
Jan 1, 2020
2.88 B SEK
250.08 M SEK
82.05 M SEK
Jan 1, 2021
2.96 B SEK
205.90 M SEK
-17.50 M SEK
Jan 1, 2022 (e)
4.24 B SEK
209.10 M SEK
0.00 SEK
Jan 1, 2023 (e)
4.54 B SEK
363.12 M SEK
0.00 SEK
Jan 1, 2024 (e)
4.82 B SEK
426.36 M SEK
66.76 M SEK
Jan 1, 2025 (e)
4.86 B SEK
560.76 M SEK
163.63 M SEK
Jan 1, 2026 (e)
4.91 B SEK
656.52 M SEK
409.07 M SEK

Karo Pharma Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 8, 2026, 10:21 AM
 
REVENUEB SEK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB SEK
EBITM SEK
EBIT MARGIN%
NET INCOMEM SEK
NET INCOME GROWTH%
SHARESM
201120122013201420152016201720182019202020212022e2023e2024e2025e2026e
0.030.050.030.070.350.661.621.902.882.964.244.544.824.864.91
42.42-36.17130.00402.9089.34145.8117.7151.602.7443.167.206.100.771.13
5,169.70100.00100.0040.5842.6551.9071.5868.5455.3457.6257.6257.6257.6257.6257.62
1.711.710.050.030.030.150.341.161.301.601.712.442.622.782.802.83
-25.00-59.00-60.0029.0079.00414.00172.00250.00205.00209.00363.00426.00560.00656.00
-53.19-196.67-86.968.3612.0225.639.058.676.924.937.998.8411.5313.35
-22.00-59.00-77.0095.0014.00657.008.0082.00-17.0066.00163.00409.00
168.1830.51-223.38-85.264,592.86-98.78925.00-120.73146.97150.92
224.35224.35224.35224.35224.3579.4590.76168.41222.57223.09224.35224.35224.35224.35224.35224.35
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Karo Pharma 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 Karo Pharma 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 Karo Pharma'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 Karo Pharma 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 Karo Pharma'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.

Karo Pharma stock margins

The Karo Pharma margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Karo Pharma. 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 Karo Pharma.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
51.99 %
12.15 %
2.21 %
Jan 1, 2018
71.61 %
25.65 %
40.70 %
Jan 1, 2019
68.58 %
9.05 %
0.47 %
Jan 1, 2020
55.34 %
8.67 %
2.85 %
Jan 1, 2021
57.62 %
6.95 %
-0.59 %
Jan 1, 2022 (e)
57.62 %
4.93 %
0.00 %
Jan 1, 2023 (e)
57.62 %
7.99 %
0.00 %
Jan 1, 2024 (e)
57.62 %
8.84 %
1.38 %

Karo Pharma Stock Revenue, EBIT, Earnings per Share

The Karo Pharma earnings per share therefore indicates how much revenue Karo Pharma 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
7.25 SEK
0.88 SEK
0.16 SEK
Jan 1, 2018
9.59 SEK
2.46 SEK
3.90 SEK
Jan 1, 2019
8.54 SEK
0.77 SEK
0.04 SEK
Jan 1, 2020
12.92 SEK
1.12 SEK
0.37 SEK
Jan 1, 2021
13.20 SEK
0.92 SEK
-0.08 SEK
Jan 1, 2022 (e)
18.78 SEK
0.93 SEK
0.00 SEK
Jan 1, 2023 (e)
20.13 SEK
1.62 SEK
0.00 SEK
Jan 1, 2024 (e)
21.36 SEK
1.90 SEK
0.30 SEK

Karo Pharma business model & stock analysis

Karo Pharma AB is a Swedish pharmaceutical company specializing in the manufacturing and distribution of over-the-counter drugs and health products. The company's history dates back to 1986 when it was founded as Karo Bioforskning. Over time, the company went through several restructurings and realignments until it finally became an independent company listed on the Stockholm Stock Exchange in 2017 under the name Karo Pharma AB. Karo Pharma's business model is based on a broad portfolio of over-the-counter drugs and health products tailored to the needs of consumers in different countries and for different indications. The product range includes pain relievers, cold remedies, medications for digestive disorders, and eye care products. In addition, the company also offers dietary supplements and other health products. Karo Pharma operates in three main segments: Consumer Healthcare, Prescription Pharmaceuticals, and Out-licensing. Consumer Healthcare focuses on over-the-counter drugs and health products for end consumers. Examples include VagiVital, a medication for the treatment of vaginal yeast infections, and MolluscumVital, a product for the removal of warts. In the Prescription Pharmaceuticals segment, Karo Pharma offers prescription drugs for specific indications, such as Eklira, used in the treatment of chronic obstructive pulmonary disease (COPD). The Out-licensing segment involves the licensing of products and technologies to other companies. Karo Pharma has a particular focus on the development of products based on natural active ingredients. For example, Prenoxdiazin, used for pain relief, is based on an extract from the root of peonies. Natural ingredients are preferred in the development of other products as well, to maximize their compatibility and effectiveness. Overall, Karo Pharma's portfolio includes more than 20 brands and over 100 products distributed in various countries. The company is headquartered in Stockholm and operates in several European countries, as well as in the United States and Canada. Karo Pharma emphasizes close collaboration with doctors and pharmacists to ensure that its products meet the needs of consumers optimally. In recent years, Karo Pharma has become the leading provider of over-the-counter drugs and health products in Scandinavia and now plans to expand its presence in other European countries. The company aims to strengthen its position as the leading provider of over-the-counter drugs and health products, with a focus on innovative and natural solutions, through a combination of organic growth and targeted acquisitions of companies with complementary products and technologies.

Karo Pharma SWOT Analysis

Strengths

Karo Pharma AB has a strong market presence and brand recognition in the pharmaceutical industry.

The company has an extensive portfolio of high-quality products, offering a wide range of options to its customers.

Karo Pharma AB enjoys strong relationships with healthcare professionals and key stakeholders in the industry.

Weaknesses

The company is highly dependent on a limited number of products for its revenue, which poses a risk to its financial stability.

Karo Pharma AB has limited diversification in terms of geographical presence, primarily focusing on specific regions.

The company may face challenges in adapting to rapid technological advancements in the pharmaceutical field.

Opportunities

There is a growing demand for innovative pharmaceutical products, which presents an opportunity for Karo Pharma AB to expand its product offerings.

Expansion into new geographical markets can provide Karo Pharma AB with access to new customer segments and revenue streams.

Increasing advancements in research and development offer opportunities for Karo Pharma AB to develop new, more effective drugs.

Threats

The pharmaceutical industry is highly regulated, and changes in regulations may impact Karo Pharma AB's operations and profitability.

Competition within the pharmaceutical industry is intense, and Karo Pharma AB faces the risk of losing market share to larger, more established competitors.

Economic downturns and fluctuations in currency exchange rates can affect the company's financial performance and export capabilities.

Karo Pharma 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.

Karo Pharma historical P/E ratio, EBIT multiple, and P/S ratio

Karo Pharma 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.

Karo Pharma shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
90.76 M Stocks
Jan 1, 2018
168.41 M Stocks
Jan 1, 2019
222.57 M Stocks
Jan 1, 2020
223.09 M Stocks
Jan 1, 2021
224.35 M Stocks
Jan 1, 2022 (e)
224.35 M Stocks
Jan 1, 2023 (e)
224.35 M Stocks
Jan 1, 2024 (e)
224.35 M Stocks

Karo Pharma Dividend History

2 years of dividend payments

YearAnnual DividendYoY ChangePayments
20180.30SEK 36.4%
20170.22SEK

Karo Pharma dividend payout ratio

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
117.78 %
Jan 1, 2018
6.96 %
Jan 1, 2019
62.37 %
Jan 1, 2020
62.37 %
Jan 1, 2021
43.90 %
Jan 1, 2022 (e)
56.21 %
Jan 1, 2023 (e)
54.16 %
Jan 1, 2024 (e)
51.42 %
Price targets and forecasts for Karo Pharma are not yet available.

Karo Pharma Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/23/20230.06SEK-1.21 BSEK-2022 Q4
10/25/20220.01SEK-1.06 BSEK-2022 Q3
7/20/20220.02SEK--SEK-2022 Q2
5/2/2022-0.02SEK--SEK-2022 Q1
2/25/20220.23SEK-803.88 MSEK-2021 Q4
10/28/20210.05SEK-751.10 MSEK-2021 Q3
7/22/20210.28SEK-803.88 MSEK-2021 Q2
4/21/20210.56SEK-724.71 MSEK-2021 Q1
2/18/20210.49SEK-738.92 MSEK-2020 Q4
10/30/20200.45SEK-701.36 MSEK-2020 Q3

Karo Pharma shareholder structure

% Name
105.67084%
EQT Partners AB
EQT Partners AB
0.91327%
Avanza Bank Holding AB
Avanza Bank Holding AB
0.39428%
Försäkringsaktiebolaget Skandia
Försäkringsaktiebolaget Skandia
0.39193%
State Street Global Advisors (US)
State Street Global Advisors (US)
0.22059%
Sten (Ronny)
Sten (Ronny)
0.21047%
Swedbank Robur Fonder AB
Swedbank Robur Fonder AB

Karo Pharma Executives and Management Board

17 members · avg. age 49 · 41 % women

CL

Mr. Christoffer Lorenzen (45)

Chief Executive Officer · since 2019

11.89 M SEK

Management

JJ

Mr. Jon Johnsson (45)

Chief Financial Officer

AH

Ms. Anna Hale

Chief Marketing Officer

JK

Mr. Jonathan Kimber (50)

Vice President - Operations

AE

Ms. Anna Elmblad (44)

Vice President - Strategic Marketing

SP

Ms. Sofia Pedersen (38)

Vice President - Scientific Affairs

LW

Ms. Lisa Westerdahl (46)

Vice President - Commercial Pharma Operations & Corporate Communications · since 2020

Board of Directors

BH

Dr. Bo Hansen (62)

Independent Chairman of the Board

789,000.00 SEK
EH

Ms. Erika Henriksson (39)

Director

394,000.00 SEK
VK

Mr. Vesa Koskinen (42)

Director

394,000.00 SEK
HA

Mr. Hakan Astroem (73)

Independent Director · since 2017

394,000.00 SEK
FO

Dr. Flemming Ornskov (63)

Independent Director

394,000.00 SEK
UK

Ms. Uta Kemmerich-Keil (55)

Independent Director

238,000.00 SEK

Karo Pharma Supply Chain

Karo Pharma Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
1 companies
#NameTrend
1
Venture Life Group
Supplier·Personal Products·GB
-0.60
-0.58
0.43
0.42
-0.37
0.07

Frequently asked questions about Karo Pharma

The business model of Karo Pharma AB focuses on the development, production, and marketing of pharmaceutical products. As a leading specialty pharmaceutical company in Sweden, Karo Pharma AB aims to improve the health and wellbeing of individuals through its diverse portfolio of prescription and over-the-counter medications. The company leverages its strong research and development capabilities to bring innovative and high-quality drugs to market. With a customer-centric approach, Karo Pharma AB strives to address various therapeutic areas and provide effective solutions for patients, healthcare professionals, and partners worldwide.

Karo Pharma AB is primarily active in the pharmaceutical industry.

Karo Pharma AB faces strong competition from various companies in the market. Some of its main competitors include Orifarm Group, Meda AB, and Mylan NV. These companies operate in the same pharmaceutical industry and offer similar products, making the market highly competitive. Karo Pharma AB strives to differentiate itself by focusing on providing innovative and high-quality pharmaceutical solutions. By consistently delivering effective medications and maintaining strong relationships with healthcare professionals and consumers, Karo Pharma AB aims to stay ahead of its rivals in the market.

Karo Pharma AB, a leading pharmaceutical company, has an impressive history and background. Established in 1987, the company has since grown to become a prominent player in the healthcare industry. Karo Pharma specializes in the development, production, and marketing of effective and high-quality medical products. With a strong focus on innovation and research, the company has built a robust portfolio of prescription and over-the-counter medications. Karo Pharma's commitment to excellence and customer satisfaction has propelled its success in both domestic and international markets. With a rich history of over three decades, Karo Pharma AB continues to make significant contributions to the pharmaceutical sector through its cutting-edge products and unwavering dedication to improving global healthcare.

Karo Pharma AB has achieved several significant milestones. The company successfully acquired Weifa ASA, a leading Norwegian pharmaceutical company, thereby expanding its product portfolio and market presence. Karo Pharma AB also secured a strong financial position by successfully completing a fully underwritten rights issue. This allowed the company to strengthen its strategic focus on development, marketing, and sales of prescription and consumer healthcare products. Additionally, Karo Pharma AB successfully launched new products in key therapeutic areas, further establishing itself as a prominent player in the pharmaceutical industry. These milestones demonstrate the company's commitment to growth, innovation, and providing high-quality healthcare solutions.

Karo Pharma AB is primarily present in the Scandinavian region, including Sweden, Norway, Denmark, and Finland.

Karo Pharma AB represents values of innovation, integrity, and excellence in the pharmaceutical industry. With a strong corporate philosophy focused on delivering high-quality healthcare solutions, Karo Pharma AB aims to improve patient well-being and enhance their quality of life. The company prioritizes research and development to discover and develop innovative treatments for various medical conditions. Karo Pharma AB is committed to upholding ethical standards, fostering collaborative relationships, and maintaining a sustainable approach in all their endeavors. Through their dedication to excellence, Karo Pharma AB continues to make significant contributions to the healthcare industry.

9 analysts currently rate the Karo Pharma stock: 0 recommend buying, 3 holding and 6 selling.

Converted at the current exchange rate, the Karo Pharma share trades at 5.54 EUR (60.70 SEK).

The Karo Pharma share (KARO.ST) is listed on 5 stock exchanges, including: Frankfurt (KA6N.F), München (KA6N.MU), London (0RAQ.L).

Karo Pharma AB is a Swedish pharmaceutical company specializing in the development, manufacturing, and marketing of high-quality branded and OTC products. The company is divided into two main business areas, namely the Consumer Healthcare and Prescription Products divisions. The Consumer Healthcare division includes a wide range of OTC products available in supermarkets, drugstores, and pharmacies. Brands include products such as Tavegyl, Aqualia, Alvedon, Idomin, and Nalox, to name a few. These products cover a variety of indications, including pain and inflammation, allergies, skincare, sleep disorders, and digestive complaints. Karo Pharma's Prescription Products division is dedicated to the development and marketing of prescription drugs and medical devices in Scandinavia. The company works closely with healthcare professionals to meet the needs of patients in various therapeutic areas. Products include medications such as Riftan, Trianal, Ketogan, and Acetylcysteine, as well as medical devices such as inhalable respiratory medications and pain medications. Karo Pharma's business model is based on an "asset-light" approach, where the company acquires high-quality products and brands from third parties to sell them on local and international markets. This allows the company to focus on product development and marketing without the costly manufacturing expenses and building of production facilities. Another key component of Karo Pharma's business model is the continuous investment in research and development. The company has a strong pipeline of new products and technologies that it wants to bring to the market to increase its market presence and growth. Additionally, the company has a strong focus on utilizing innovative technologies to optimize its business processes and increase efficiency and profitability. In conclusion, Karo Pharma's business model is based on the development and marketing of innovative and high-quality drugs and medical devices, as well as branded OTC products, using an asset-light approach. The company aims to continuously grow and strengthen its market presence in national and international markets through research, development, and efficiency optimization.

The revenue cannot currently be calculated for Karo Pharma.

The profit cannot currently be calculated for Karo Pharma.

The P/E ratio cannot be calculated for Karo Pharma at the moment.

The P/S cannot be calculated for Karo Pharma currently.

The Eulerpool Quality Score for Karo Pharma is 1/10.

The ISIN of Karo Pharma is SE0007464888. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Karo Pharma is A14YW4. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Karo Pharma is KARO.ST. The ticker symbol is used to trade Karo Pharma shares on the stock exchange.

The current dividend yield of Karo Pharma is 0.49 %.

Karo Pharma paid dividends every year for the past 0 years.

Karo Pharma is assigned to the 'Health' sector.

To receive the latest dividend of Karo Pharma from amounting to 0.3 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 Karo Pharma are distributed in SEK.

All fundamentals and in-depth analysis of Karo Pharma

Our stock analysis for Karo Pharma 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 Karo Pharma. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.