Transfer Group AB (publ)

NGM:TRNSF Stock Report

Market Cap: SEK 33.7m

Transfer Group Past Earnings Performance

Past criteria checks 4/6

Transfer Group has been growing earnings at an average annual rate of 3.6%, while the Commercial Services industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 1.6% per year. Transfer Group's return on equity is 38.2%, and it has net margins of 8.7%.

Key information

3.60%

Earnings growth rate

19.45%

EPS growth rate

Commercial Services Industry Growth25.53%
Revenue growth rate1.58%
Return on equity38.25%
Net Margin8.70%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article 9h

We Think Transfer Group's (NGM:TRNSF) Robust Earnings Are Conservative

The subdued stock price reaction suggests that Transfer Group AB (publ)'s ( NGM:TRNSF ) strong earnings didn't offer...

Recent updates

Analysis Article 9h

We Think Transfer Group's (NGM:TRNSF) Robust Earnings Are Conservative

The subdued stock price reaction suggests that Transfer Group AB (publ)'s ( NGM:TRNSF ) strong earnings didn't offer...
Analysis Article Dec 07

Risks Still Elevated At These Prices As Transfer Group AB (publ) (NGM:TRNSF) Shares Dive 45%

Transfer Group AB (publ) ( NGM:TRNSF ) shares have retraced a considerable 45% in the last month, reversing a fair...
Analysis Article Nov 06

Health Check: How Prudently Does Transfer Group (NGM:TRNSF) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Sep 05

Subdued Growth No Barrier To Transfer Group AB (publ) (NGM:TRNSF) With Shares Advancing 27%

Those holding Transfer Group AB (publ) ( NGM:TRNSF ) shares would be relieved that the share price has rebounded 27% in...
Analysis Article Jul 31

Does Transfer Group (NGM:TRNSF) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jun 14

More Unpleasant Surprises Could Be In Store For Transfer Group AB (publ)'s (NGM:TRNSF) Shares After Tumbling 33%

To the annoyance of some shareholders, Transfer Group AB (publ) ( NGM:TRNSF ) shares are down a considerable 33% in the...
Analysis Article Feb 11

Transfer Group AB (publ) (NGM:TRNSF) Stock Rockets 27% But Many Are Still Ignoring The Company

Transfer Group AB (publ) ( NGM:TRNSF ) shareholders have had their patience rewarded with a 27% share price jump in the...
Analysis Article Jan 24

Is Transfer Group (NGM:TRNSF) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 24

Transfer Group AB (publ)'s (NGM:TRNSF) Shares Leap 26% Yet They're Still Not Telling The Full Story

Transfer Group AB (publ) ( NGM:TRNSF ) shares have continued their recent momentum with a 26% gain in the last month...
Analysis Article Jul 12

Is Transfer Group (NGM:TRNSF) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article May 07

Transfer Group AB (publ) (NGM:TRNSF) Stock Rockets 31% But Many Are Still Ignoring The Company

Despite an already strong run, Transfer Group AB (publ) ( NGM:TRNSF ) shares have been powering on, with a gain of 31...
Analysis Article Feb 13

Investors Give Transfer Group AB (publ) (NGM:TRNSF) Shares A 28% Hiding

Transfer Group AB (publ) ( NGM:TRNSF ) shares have retraced a considerable 28% in the last month, reversing a fair...
Analysis Article Dec 23

A Piece Of The Puzzle Missing From Transfer Group AB (publ)'s (NGM:TRNSF) Share Price

There wouldn't be many who think Transfer Group AB (publ)'s ( NGM:TRNSF ) price-to-sales (or "P/S") ratio of 0.1x is...

Revenue & Expenses Breakdown

How Transfer Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGM:TRNSF Revenue, expenses and earnings (SEK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2621819280
31 Dec 25213-28280
30 Sep 25167-53290
30 Jun 25170-59280
31 Mar 25177-52270
31 Dec 2418531270
30 Sep 2416822240
30 Jun 2415521240
31 Mar 2413832250
31 Dec 23138-13250
30 Sep 23193-24300
30 Jun 23255-28340
31 Mar 23308-36360
31 Dec 22352-41390
30 Sep 22310-32370
30 Jun 22270-27350
31 Mar 22236-20290
31 Dec 21192-13220
30 Sep 21136-12150
30 Jun 2188-13110
31 Mar 2141-13100
31 Dec 2010-15100
31 Dec 1914-7110
31 Dec 182-430

Quality Earnings: TRNSF has high quality earnings.

Growing Profit Margin: TRNSF became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: TRNSF has become profitable over the past 5 years, growing earnings by 3.6% per year.

Accelerating Growth: TRNSF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TRNSF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (9.4%).


Return on Equity

High ROE: TRNSF's Return on Equity (38.2%) is considered high.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 14:37
End of Day Share Price 2026/06/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Transfer Group AB (publ) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.