New Risk • Jul 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr789.2m (US$81.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 19
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: kr1.62 loss per share (further deteriorated from kr1.38 loss in 2Q 2025). Revenue: kr416.9m (up 2.2% from 2Q 2025). Net loss: kr26.3m (loss widened 18% from 2Q 2025). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 22
Dividend of kr2.00 announced Shareholders will receive a dividend of kr2.00. Ex-date: 17th November 2026 Payment date: 23rd November 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 08
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Swedish dividend payers (4.2%). Higher than average of industry peers (3.9%). Declared Dividend • Feb 19
Final dividend of kr2.00 announced Shareholders will receive a dividend of kr2.00. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 5.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 4 years and payments have been stable during that time. Earnings per share is expected to grow by 19% over the next 3 years, which should maintain adequate earnings cover for the dividend. Reported Earnings • Feb 19
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: kr5.46 (up from kr2.59 in FY 2024). Revenue: kr2.15b (up 8.3% from FY 2024). Net income: kr88.1m (up 110% from FY 2024). Profit margin: 4.1% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr72.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Specialty Retail industry in Sweden. Total returns to shareholders of 130% over the past three years. Buy Or Sell Opportunity • Oct 31
Now 20% undervalued Over the last 90 days, the stock has risen 18% to kr86.00. The fair value is estimated to be kr108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: kr0.84 (up from kr0.012 in 3Q 2024). Revenue: kr480.1m (up 6.0% from 3Q 2024). Net income: kr13.6m (up kr13.4m from 3Q 2024). Profit margin: 2.8% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 107%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 24
Bokusgruppen AB (publ), Annual General Meeting, May 07, 2026 Bokusgruppen AB (publ), Annual General Meeting, May 07, 2026. Buy Or Sell Opportunity • Oct 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to kr70.20. The fair value is estimated to be kr58.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Buy Or Sell Opportunity • Sep 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to kr70.20. The fair value is estimated to be kr58.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr71.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Specialty Retail industry in Sweden. Total returns to shareholders of 119% over the past three years. Buy Or Sell Opportunity • Aug 13
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to kr73.40. The fair value is estimated to be kr59.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Buy Or Sell Opportunity • Jul 17
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to kr70.80. The fair value is estimated to be kr56.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Reported Earnings • Jul 16
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: kr1.38 loss per share (improved from kr1.95 loss in 2Q 2024). Revenue: kr407.8m (up 16% from 2Q 2024). Net loss: kr22.3m (loss narrowed 29% from 2Q 2024). Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Price Target Changed • Jul 11
Price target increased by 10% to kr60.00 Up from kr54.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of kr61.20. Stock is up 27% over the past year. The company is forecast to post earnings per share of kr3.18 for next year compared to kr2.59 last year. Declared Dividend • May 15
Dividend of kr1.80 announced Shareholders will receive a dividend of kr1.80. Ex-date: 6th November 2025 Payment date: 12th November 2025 Dividend yield will be 7.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (140% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. EPS is expected to grow by 69% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • May 08
Now 20% undervalued Over the last 90 days, the stock has risen 7.0% to kr50.20. The fair value is estimated to be kr62.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Announcement • May 07
Bokusgruppen AB (Publ) Approves Dividend, Payable on 14 May 2025 and 12 November 2025 Bokusgruppen AB (publ) in its Annual General Meeting held on May 7, 2025 resolved on a dividend of SEK 3.60 per share, which will be paid in two parts of SEK 1.80 per share at each time. The record date for the first part of the dividend will be on 9 May 2025 and payment of the first part of the dividend is expected to take place on 14 May 2025. The record date for the second part of the dividend will be 7 November 2025 and payment of the second part of the dividend is expected to take place on 12 November 2025. Upcoming Dividend • May 01
Upcoming dividend of kr1.80 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.8%. Within top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (4.5%). Reported Earnings • Apr 27
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: kr0.23 loss per share (further deteriorated from kr0.22 loss in 1Q 2024). Revenue: kr506.3m (up 9.0% from 1Q 2024). Net loss: kr3.80m (loss widened 8.6% from 1Q 2024). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Apr 03
Final dividend of kr1.80 announced Shareholders will receive a dividend of kr1.80. Ex-date: 8th May 2025 Payment date: 14th May 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio). However, it is well covered by cash flows (27% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control. EPS is expected to grow by 61% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: kr25.94 (vs kr2.51 in FY 2023) Full year 2024 results: EPS: kr25.94 (up from kr2.51 in FY 2023). Revenue: kr19.9b (up kr18.0b from FY 2023). Net income: kr419.0m (up kr378.4m from FY 2023). Profit margin: 2.1% (in line with FY 2023). Revenue is expected to decline by 91% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Sweden are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 06
Bokusgruppen AB (publ), Annual General Meeting, May 07, 2025 Bokusgruppen AB (publ), Annual General Meeting, May 07, 2025. Upcoming Dividend • Nov 01
Upcoming dividend of kr1.65 per share Eligible shareholders must have bought the stock before 07 November 2024. Payment date: 13 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.2%. Within top quartile of Swedish dividend payers (4.5%). Higher than average of industry peers (4.0%). Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr3.49 to kr2.62 per share. Revenue forecast steady at kr1.97b. Net income forecast to grow 17% next year vs 33% growth forecast for Specialty Retail industry in Sweden. Consensus price target of kr54.00 unchanged from last update. Share price rose 6.0% to kr53.00 over the past week. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: kr0.012 (vs kr0.35 in 3Q 2023) Third quarter 2024 results: EPS: kr0.012 (down from kr0.35 in 3Q 2023). Revenue: kr452.8m (up 8.8% from 3Q 2023). Net income: kr200.0k (down 97% from 3Q 2023). Profit margin: 0% (down from 1.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Jul 17
Second quarter 2024 earnings released: kr1.95 loss per share (vs kr1.94 loss in 2Q 2023) Second quarter 2024 results: kr1.95 loss per share (further deteriorated from kr1.94 loss in 2Q 2023). Revenue: kr350.3m (up 2.4% from 2Q 2023). Net loss: kr31.5m (flat on 2Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Specialty Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Declared Dividend • May 09
Dividend of kr1.65 announced Shareholders will receive a dividend of kr1.65. Ex-date: 7th November 2024 Payment date: 13th November 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 57% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Upcoming Dividend • May 01
Upcoming dividend of kr1.65 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.0%. Within top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (3.5%). Reported Earnings • Apr 24
First quarter 2024 earnings released: kr0.22 loss per share (vs kr0.55 loss in 1Q 2023) First quarter 2024 results: kr0.22 loss per share (improved from kr0.55 loss in 1Q 2023). Revenue: kr464.4m (up 3.9% from 1Q 2023). Net loss: kr3.50m (loss narrowed 60% from 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Specialty Retail industry in Sweden. Announcement • Mar 26
Bokusgruppen AB (Publ) Proposes Dividend for 2023, Payable on 15 May 2024 and November 13, 2024 The board of directors of Bokusgruppen AB (publ) proposes to its general meeting to be held on 7 May 2024 a dividend to the shareholders of SEK 3.30 per share, corresponding to a total amount of SEK 53,299,045.80, which will be paid in two parts of SEK 1.65 per share at each time. It is proposed that the record date at Euroclear Sweden AB for the first part of the dividend shall be on 10 May 2024. If the general meeting resolves in accordance with the board of director's proposal, payment of the first part of the dividends is expected to take place on 15 May 2024, and the last day of trading in the share with a right to the first part of the dividends will be 7 May 2024. The first day of trading in the share without right to the first part of the dividends will be 8 May 2024. It is proposed that the record date at Euroclear Sweden AB for the second part of the dividend shall be on 8 November 2024. If the general meeting resolves in accordance with the board of directors' proposal, payment of the second part of the dividends is expected to take place on 13 November 2024, and the last day of trading in the share with a right to the second part of the dividends will be 6 November 2024. First day of trading in the share without right to the second part of the dividends will be 7 November 2024. Recent Insider Transactions • Mar 25
Independent Director recently bought kr379k worth of stock On the 22nd of March, Mattias Björk bought around 9k shares on-market at roughly kr43.66 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.5m more in shares than they have sold in the last 12 months. Declared Dividend • Feb 21
Final dividend of kr1.65 announced Shareholders will receive a dividend of kr1.65. Ex-date: 8th May 2024 Payment date: 15th May 2024 Dividend yield will be 8.2%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (385% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 327% to bring the payout ratio under control, which is more than the 51% EPS growth achieved over the last 5 years. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: kr2.51 (vs kr1.85 in FY 2022) Full year 2023 results: EPS: kr2.51 (up from kr1.85 in FY 2022). Revenue: kr1.87b (up 2.7% from FY 2022). Net income: kr40.6m (up 36% from FY 2022). Profit margin: 2.2% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr38.50, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 26x in the Specialty Retail industry in Sweden. Total returns to shareholders of 15% over the past year. New Risk • Jan 31
New major risk - Revenue and earnings growth Revenue has declined by 1.1% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 1.1% over the past year. Minor Risks Dividend is not well covered by earnings (385% payout ratio). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (kr560.4m market cap, or US$53.9m). Buy Or Sell Opportunity • Jan 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to kr34.80. The fair value is estimated to be kr28.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 308% in the next 2 years. Recent Insider Transactions • Nov 24
Independent Director recently bought kr494k worth of stock On the 20th of November, Mattias Björk bought around 16k shares on-market at roughly kr31.74 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.4m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: kr0.35 (vs kr0.037 in 3Q 2022) Third quarter 2023 results: EPS: kr0.35 (up from kr0.037 in 3Q 2022). Revenue: kr416.1m (down 1.2% from 3Q 2022). Net income: kr5.70m (up kr5.10m from 3Q 2022). Profit margin: 1.4% (up from 0.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in Sweden. Upcoming Dividend • Nov 02
Upcoming dividend of kr1.50 per share at 10.0% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 15 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 10.0%. Within top quartile of Swedish dividend payers (5.5%). Higher than average of industry peers (4.2%). Recent Insider Transactions • Sep 17
Independent Director recently bought kr332k worth of stock On the 13th of September, Mattias Björk bought around 11k shares on-market at roughly kr29.68 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.9m more in shares than they have sold in the last 12 months. New Risk • Jul 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (kr507.1m market cap, or US$49.5m). Reported Earnings • Jul 14
Second quarter 2023 earnings released: kr1.94 loss per share (vs kr0.46 loss in 2Q 2022) Second quarter 2023 results: kr1.94 loss per share (further deteriorated from kr0.46 loss in 2Q 2022). Revenue: kr342.1m (flat on 2Q 2022). Net loss: kr31.4m (loss widened 324% from 2Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Sweden. Board Change • Jun 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Chairman Mårten Andersson is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • May 19
Director recently bought kr2.3m worth of stock On the 16th of May, Mattias Björk bought around 66k shares on-market at roughly kr34.14 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr5.5m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of kr1.50 per share at 8.2% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 15 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.2%. Within top quartile of Swedish dividend payers (5.1%). Higher than average of industry peers (4.4%). Reported Earnings • Apr 28
First quarter 2023 earnings released: kr0.55 loss per share (vs kr0.66 loss in 1Q 2022) First quarter 2023 results: kr0.55 loss per share (improved from kr0.66 loss in 1Q 2022). Revenue: kr446.9m (up 1.4% from 1Q 2022). Net loss: kr8.80m (loss narrowed 17% from 1Q 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in Sweden. Recent Insider Transactions • Mar 16
Director recently bought kr179k worth of stock On the 14th of March, Mattias Björk bought around 5k shares on-market at roughly kr35.88 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr1.2m. Insiders have collectively bought kr3.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 22
Director recently bought kr1.2m worth of stock On the 17th of February, Mattias Björk bought around 32k shares on-market at roughly kr36.54 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.1m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 19
Full year 2022 earnings released: EPS: kr1.85 (vs kr3.31 in FY 2021) Full year 2022 results: EPS: kr1.85 (down from kr3.31 in FY 2021). Revenue: kr1.82b (down 2.4% from FY 2021). Net income: kr29.8m (down 41% from FY 2021). Profit margin: 1.6% (down from 2.7% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Specialty Retail industry in Sweden. Price Target Changed • Nov 16
Price target decreased to kr56.00 Down from kr72.50, the current price target is provided by 1 analyst. New target price is 45% above last closing price of kr38.65. Stock is down 3.4% over the past year. The company is forecast to post earnings per share of kr3.48 for next year compared to kr3.31 last year. Upcoming Dividend • Nov 07
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 18 November 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 7.7%. Within top quartile of Swedish dividend payers (5.7%). Higher than average of industry peers (5.4%). Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr1.96b to kr1.89b. EPS estimate also fell from kr3.92 per share to kr3.48 per share. Net income forecast to shrink 20% next year vs 3.1% growth forecast for Specialty Retail industry in Sweden . Consensus price target down from kr72.50 to kr56.00. Share price fell 4.1% to kr38.85 over the past week. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: kr0.037 (vs kr0.98 in 3Q 2021) Third quarter 2022 results: EPS: kr0.037 (down from kr0.98 in 3Q 2021). Revenue: kr421.0m (down 1.7% from 3Q 2021). Net income: kr600.0k (down 96% from 3Q 2021). Profit margin: 0.1% (down from 3.7% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Specialty Retail industry in Sweden.