olivLaw · European equity research
KID ASA KID.OL
Norway · Euronext Oslo Børs · ISIN NO0010743545 · Vertical: Listed companies from Norway
KID ASA is one of the largest interior textile and home furnishing retailers in the Nordics, operating the Kid Interior and Hemtex brands. In 2025 the group grew revenue while moving its common warehouse to Sweden, a transition that temporarily reduced product availability in stores. For investors the current relevance lies in how quickly the new warehouse can be made to deliver its promised efficiencies.
At the close of 06 Nov 2026, KID ASA (KID.OL) stock was 146.20 NOK (+2.09% on the day), with market capitalisation 5.9 bn NOK, P/E 25.9 on diluted EPS of 5.64 NOK over the last 12 months, dividend yield 5.13%, beta 0.21, 52-week range 114.00–146.20 NOK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 75.3
- overbought (≥ 70)
- Bollinger (20, 2)
- 130.20 – 144.18
- above the upper band · %B 1.14 · band width 10.2%
- SMA 50 / 200
- 127.33 / 125.68
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 4.06 / 3.71
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +20.8% | −0.6% | +21.5 pp | — |
| 3 months | +10.4% | −4.2% | +14.6 pp | — |
| 6 months | +15.1% | +4.3% | +10.8 pp | — |
| Year to date | +8.0% | +7.5% | +0.5 pp | — |
| 1 year | +9.9% | +9.9% | +0.0 pp | −4.7% |
| 3 years | +57.2% | +49.8% | +7.4 pp | +12.7% |
| 5 years | +23.1% | +42.8% | −19.8 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 13.7, median 15.2, max 24.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3.4 bn | 3.8 bn | 3.9 bn |
| Revenue YoY | unavailable | +10.9% | +4.2% |
| Net income | 313.8 m | 398.6 m | 229.2 m |
| Net income YoY | unavailable | +27.0% | −42.5% |
| Diluted EPS | 7.72 | 9.81 | 5.64 |
| Diluted EPS YoY | unavailable | +27.1% | −42.5% |
| net % | 9.2% | 10.5% | 5.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 0 NOK
- Financial debt
- 722.4 m NOK
- Net debt
- 722.4 m NOK
- Equity
- 1.5 bn NOK
- Total assets
- 4.6 bn NOK
- Debt / equity
- 0.50x
- Current ratio
- 0.87x
- ROE
- 15.3%
- ROA
- 5.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (NOK)
Margins
Income statement · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 3.4 bn | 3.8 bn | 3.9 bn | esef· 21 Oct 2026verified |
| Operating income | 480.4 m | 555.3 m | 393.8 m | esef· 21 Oct 2026verified |
| Depreciation & amortisation | 404.1 m | 471.7 m | 555.3 m | esef· 21 Oct 2026verified |
| EBITDA | 884.5 m ≈ | 1.0 bn ≈ | 949.1 m ≈ | esef· 21 Oct 2026derived |
| Interest expense | 87.5 m | 101.1 m | 119.9 m | esef· 21 Oct 2026verified |
| Pre-tax income | 402.5 m | 498.1 m | 287.9 m | esef· 21 Oct 2026verified |
| Income tax | 88.7 m | 99.6 m | 58.6 m | esef· 21 Oct 2026verified |
| Net income | 313.8 m | 398.6 m | 229.2 m | esef· 21 Oct 2026verified |
| Diluted EPS | 7.72 | 9.81 | 5.64 | esef· 21 Oct 2026verified |
| Dividend per share | 5.75 | 6.50 | 7.50 | esef· 21 Oct 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 225.1 m | 228.5 m | 0 | esef· 21 Oct 2026verified |
| Receivables | 105.0 m | 160.4 m | 169.8 m | esef· 21 Oct 2026verified |
| Inventories | 576.3 m | 775.9 m | 934.5 m | esef· 21 Oct 2026verified |
| Current assets | 906.4 m | 1.2 bn | 1.1 bn | esef· 21 Oct 2026verified |
| Property, plant & equipment, net | 303.2 m | 383.5 m | 487.2 m | esef· 21 Oct 2026verified |
| Goodwill | 70.2 m | 71.3 m | 75.8 m | esef· 21 Oct 2026verified |
| Total assets | 3.9 bn | 4.4 bn | 4.6 bn | esef· 21 Oct 2026verified |
| Short-term debt | 30.0 m | 30.0 m | 142.4 m | esef· 21 Oct 2026verified |
| Long-term debt | 491.7 m | 461.7 m | 580.0 m | esef· 21 Oct 2026verified |
| Current liabilities | 1.1 bn | 1.2 bn | 1.3 bn | esef· 21 Oct 2026verified |
| Total liabilities | 2.6 bn | 2.9 bn | 3.1 bn | esef· 21 Oct 2026verified |
| Equity | 1.3 bn | 1.5 bn | 1.5 bn | esef· 21 Oct 2026verified |
| Shares outstanding at year end | 40.7 m | 40.6 m | 40.6 m | esef· 21 Oct 2026derived |
Cash flow · NOK
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 55 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 5.9 bn NOK
Key indicators
Coverage and freshness
Score by group
- Quality70
- Returns73
- Balance sheet39
- Valuation53
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 55/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 15.8% | 77 (vs peers) | 16% |
| Net margin · Quality | 5.8% | 58 (vs peers) | 10% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 0.8x | 60 (vs peers) | 16% |
| Interest coverage · Balance sheet | 3.3x | 27 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 0.9x | 6 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 25.9x | 35 (vs peers) | 16% |
| EV/EBITDA · Valuation | 7.0x | 71 (vs peers) | 16% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 5.1% | 73 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet39/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality70/100 · 2/3 factors with a value
- Returns· partial73/100 · 1/2 factors with a value
- Valuation53/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KID ASA (KID.OL). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 3.9 bn NOK in 2025; YoY growth 4.2%; net margin 5.8%; ROE 15.3%; net debt/EBITDA 0.8x.
The estimated value range is 73.57–178.18 NOK per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 111.44 NOK, the price of 146.20 NOK leaves a potential of -23.8% (value / price − 1) and a margin of safety of -31.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 55/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 15.8%
- EV/EBITDA: 7.0x
- Shareholder yield (distributions): 5.1%
What contradicts it
- Interest coverage: 3.3x
- Current ratio: 0.9x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from Norway · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 79.8 bn | 20.3 | 7.9% | 21.4% | +42.5% | +36% / +59% |
| AFG.OLAf Gruppen Asa | 21.5 bn | 19.8 | 39.7% | 3.4% | +4.4% | +8% / +69% |
| ELK.OLElkem Asa | 19.2 bn | 39.3 | 1.9% | 2.7% | −15.7% | +10% / +73% |
| ATEA.OLAtea Asa | 18.5 bn | 21.4 | 19.7% | 2.3% | +8.1% | +11% / +36% |
| AKSO.OLAker Solutions Asa | 17.4 bn | 6.8 | 22.5% | 4.1% | +19.2% | +18% / −12% |
| AUSS.OLAustevoll Seafood Asa | 16.6 bn | 37.1 | 1.6% | 1.1% | +11.1% | −7% / +10% |
| BRG.OLBorregaard Asa | 15.6 bn | 25.1 | 11.4% | 8.0% | +1.3% | −18% / −9% |
| BONHR.OLBonheur ASA | 11.2 bn | 7.8 | 17.1% | 11.4% | −10.8% | +17% / +44% |
| AFK.OLArendals Fossekompani Asa | 10.3 bn | — | -2.3% | -3.1% | −14.9% | +39% / +31% |
| B2I.OLB2 Impact Asa | 8.8 bn | 14.3 | 11.0% | 16.4% | +2.6% | +40% / +238% |
| KID.OLKid Asa | 5.9 bn | 25.9 | 15.3% | 5.8% | +4.2% | +8% / +34% |
| AKVA.OLAkva Group Asa | 5.7 bn | 31.2 | 13.7% | 4.2% | +24.4% | +74% / +152% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| BOUV.OLBouvet Asa | 5.0 bn | 14.2 | 80.7% | 9.2% | −0.2% | −19% / −16% |
| CLOUD.OLCloudberry Clean Energy Asa | 4.0 bn | 61.9 | 1.3% | 13.1% | +34.0% | −5% / +29% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.6 bn | 10.7 | 34.9% | 16.8% | +12.4% | −13% / +20% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −18% / −11% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +61% / +15% |
| APR.OLAppear Asa | 1.4 bn | 10.5 | 30.1% | 16.1% | +32.3% | −53% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 108.9 | 2.9% | 8.6% | +7.9% | −8% / −48% |
| CAPSL.OLCapsol Technologies Asa | 884.6 m | — | -89.4% | -114.8% | −25.0% | −33% / −66% |
| BOR.OLBorgestad Asa | 553.2 m | 36.1 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 234.6 m | 4.8 | 22.1% | 9.3% | +15.7% | −33% / −55% |
| DELIA.OLDellia Group Asa | 73.5 m | 1.5 | 22.6% | 7.7% | +140.0% | −62% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.1 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
1- and 3-year price returns: for KID.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (NOK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 86.17 Total return -38% · Per year -38% | 152.37 Total return 8% · Per year 8% | 229.53 Total return 62% · Per year 62% |
| 3 years | 83.16 Total return -34% · Per year -13% | 165.49 Total return 26% · Per year 8% | 273.80 Total return 103% · Per year 27% |
| 5 years | 80.25 Total return -30% · Per year -7% | 179.74 Total return 45% · Per year 8% | 326.60 Total return 153% · Per year 20% |
- Exit P/E± 41.37
- Net margin± 28.96
- Annual revenue growth± 23.84
- Annual dilution± 2.43
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
KID ASA is one of the largest interior textile and home furnishing retailers in the Nordics, operating the Kid Interior and Hemtex brands. In 2025 the group grew revenue while moving its common warehouse to Sweden, a transition that temporarily reduced product availability in stores. For investors the current relevance lies in how quickly the new warehouse can be made to deliver its promised efficiencies.
SWOT
Strengths
- Brands with recognition across the Nordics and a continuously renewed assortment, according to source 1.
- A broad base of loyal customers through the member programme and a growing online channel.
- A high gross margin and a clear dividend policy supported by stable cash flows.
Weaknesses
- Dependence on external suppliers in Asia exposes the group to disruptions and cost pressure.
- The warehouse transition reduced product availability in stores in the second half of the year.
- The former warehouse in Lier has no final solution yet, which adds operational complexity.
Opportunities
- If the new warehouse reaches its efficiencies, the group could support stronger sales growth.
- Extending Hemtex into EU markets, with German and English websites, could open new segments.
- The Extended format and larger stores could expand the full range offered in each market.
Threats
- Falling demand for interior products in a slower market could weigh on sales.
- Supply chain pressure and sustainability regulation could raise costs.
- Competition from large furniture retailers and online platforms could limit margins.
Risks
- Warehouse executionhigh
If the efficiencies of the new warehouse are delayed, deliveries and product availability could remain below expectations, according to source 1.
- Supplier dependencehigh
Most goods come from Asia through external suppliers, which exposes the group to disruptions and cost changes.
- Currency and interest rate riskmedium
The group hedges currency risk up to nine to eleven months forward and manages interest rate risk with a swap, according to source 1.
- Sustainability requirementsmedium
EU reporting and supply chain rules could raise compliance costs.
- Declining demandlow
A weaker interior market could reduce like-for-like sales below the stated goals.
Investment thesis
What would need to be true (bull case)
- If the new warehouse runs at full capacity, the group could turn the transition into a long-term efficiency advantage, as stated in source 1.
- Online growth and the Extended format could support revenue growth on a like-for-like basis.
- A high dividend policy with semi-annual payments could sustain interest from income-focused investors.
What would break the thesis
- If the logistics transition drags on, costs and lost sales could weigh on the coming quarters.
- Dependence on Asian suppliers and sustainability pressure could compress margins.
- If the interior market stays weak, the like-for-like growth target could prove hard to reach.
What to watch
- Recovery of product availability in stores after the warehouse transition2026
- Opening of Extended stores in Norway and Sweden2026
- Launch of German and English Hemtex websites for EU markets2026
- Approval of the proposed 2025 dividend at the annual general meetingMay 2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Kid Group buys, imports and sells textiles and furniture for the home through physical stores and online, operating in Norway, Sweden, Finland and Estonia. Source 1 reports 283 stores at year-end 2025 and 2,395 employees, and the assortment covers curtains, bed linen, decorations and furniture. The group owns no factories and relies on external suppliers, mainly in Asia.
Segments
Kid Interior and Hemtex
Retail is split between the Kid Interior brand, with 160 stores at year-end 2025, and Hemtex, with 123 stores, according to source 1. Both brands use the same omnichannel model and the same common warehouse.
Online sales
The online channel exceeded 500 million Norwegian kroner in 2025 and represented 13.2% of total revenues, according to source 1. Its development depends on product availability after the logistics transition.
Extended concept
The larger Extended format had 14 units in Norway and one in Sweden at year-end 2025, and the group plans to open a fifteenth store in Norway and a second in Sweden in 2026, according to source 1.
Market context
The core market is the Nordic region, where the group competes with furniture and home decor retailers, and its stated medium-term aim is like-for-like growth of 4-5% in a normalised market, according to source 1. The 4.2% revenue growth in 2025 followed a strong 2024.
Trends
- Omnichannel retailtailwind
Customers combine store visits with online purchases, and product availability from the warehouse affects both channels directly, which makes the new warehouse central to this trend.
- Supply chain sustainabilitymixed
Requirements on working conditions and emissions across the value chain increase pressure on retailers, and source 1 shows that purchased goods account for most of the group's CO2e emissions.
- Logistics costs and transitionheadwind
Moving the warehouse brought higher costs and less accurate deliveries, and the end result depends on how fast the efficiencies promised for 2026 are achieved.
- Demand for comfortable homestailwind
Demand for interior products and outdoor furniture has remained a growth driver, as source 1 shows through the development of the seasonal assortment and outdoor categories.
Competitive position
Source 1 does not explicitly name competitors, but the competitive field includes Nordic textile and furniture retailers with store networks and online channels. The group's declared advantage is a broad assortment at affordable prices and a store network in major population centres.
- IKEA
Furniture and home decor retailer present in the Nordics with a comparable home assortment, cited as a general market reference and not taken from source 1.
- JYSK
Furniture and home textile chain with presence in the Nordic countries, cited as a general market reference and not taken from source 1.
- Lindex Group
Swedish retailer with a presence in home and textile categories, cited as a general reference and not taken from source 1.
- Rusta
Swedish chain of home and hardware stores, cited as a general reference and not taken from source 1.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202521 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / KID ASA · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.