Recent Insider Transactions • Jul 18
President & CEO recently bought kr301k worth of stock On the 16th of July, Teemu Salmi bought around 5k shares on-market at roughly kr60.26 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Teemu's only on-market trade for the last 12 months. Board Change • Jul 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Asa Schwarz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Jun 05
Enea AB Announces Chief Financial Officer Changes Enea AB announced the appointment of Sophie Reinius as Chief Financial Officer. She will join the company in the fourth quarter of 2026 and succeed Ulf Stigberg, who has decided to step down. Sophie Reinius holds a Bachelor of Science in Finance and a Master of Laws and brings more than 20 years of experience from large international technology companies. She currently serves as CFO and Acting CEO of Formpipe. Prior to that, she was Group CFO of Arelion and Coromatic Group, and CFO of Net4Mobility. She has also held various positions at Microsoft, Philips and Schneider Electric. Ulf Stigberg will remain in the role of CFO until Sophie Reinius assumes the position. Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Asa Schwarz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 20
Enea AB (publ) to Report Fiscal Year 2026 Results on Feb 04, 2027 Enea AB (publ) announced that they will report fiscal year 2026 results on Feb 04, 2027 Anuncio • Mar 19
Enea AB (publ), Annual General Meeting, May 07, 2026 Enea AB (publ), Annual General Meeting, May 07, 2026. Anuncio • Jan 08
Enea AB (publ) to Report Fiscal Year 2025 Final Results on Apr 15, 2026 Enea AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 15, 2026 Anuncio • Jul 29
Enea AB (publ) (OM:ENEA) commences an Equity Buyback Plan for 452,264 shares, representing 2.3% of its issued share capital, under the authorization approved on May 6, 2025. Enea AB (publ) (OM:ENEA) commences share repurchases on May 6, 2025, under the program mandated by the shareholders in the Annual General Meeting held on July 21, 2025. As per the mandate, the company is authorized to repurchase up to 452,264 ordinary shares, representing 2.30% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The purpose of the authorizations above to acquire and transfer ordinary shares, including any deviation from the shareholders’ preferential rights in connection with transfer, is to continuously be able to adjust the capital structure of the Company to the capital needs of the Company, to enable financing, in whole or in part, in connection with acquisitions of businesses and for financing and/or securing delivery of ordinary shares in long-term incentive programs. The share repurchase program will expire at the company’s next Annual General Meeting 2026. As of April 2, 2025, the company had 21,202.484 shares in issue and 1,516,349 shares in treasury.
On July 15, 2025, the company announced a share repurchase program. Under the program, the company will repurchase SEK 50 million worth of its shares. The purpose of the repurchase program is to enable the company to adapt its capital structure to its capital needs over time, and thereby contribute to an increased shareholder value. Repurchase may take place during the period from and July 21, 2025, to Annual General Meeting in 2025. Reported Earnings • Jul 18
Second quarter 2025 earnings released: kr0.43 loss per share (vs kr1.64 profit in 2Q 2024) Second quarter 2025 results: kr0.43 loss per share (down from kr1.64 profit in 2Q 2024). Revenue: kr227.8m (down 3.6% from 2Q 2024). Net loss: kr8.60m (down 125% from profit in 2Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings have declined by 35% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risks Shares are highly illiquid. Earnings have declined by 35% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Board Change • Jul 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Åsa Schwarz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to kr67.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in the United Kingdom. Total loss to shareholders of 43% over the past three years. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Åsa Schwarz was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 24
Enea AB (publ) to Report Q2, 2025 Results on Jul 16, 2025 Enea AB (publ) announced that they will report Q2, 2025 results on Jul 16, 2025 Anuncio • Apr 04
Enea AB (publ) to Report Q1, 2025 Results on Apr 24, 2025 Enea AB (publ) announced that they will report Q1, 2025 results at 7:20 AM, Central European Standard Time on Apr 24, 2025 Anuncio • Apr 03
Enea AB (publ), Annual General Meeting, May 06, 2025 Enea AB (publ), Annual General Meeting, May 06, 2025, at 16:30 W. Europe Standard Time. Location: at victoria towers, arne beurlings torg 3 in kista, stockholm Sweden Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: kr6.95 (vs kr25.80 loss in FY 2023) Full year 2024 results: EPS: kr6.95 (up from kr25.80 loss in FY 2023). Revenue: kr920.2m (flat on FY 2023). Net income: kr143.1m (up kr693.8m from FY 2023). Profit margin: 16% (up from net loss in FY 2023). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings have declined by 51% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 51% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Anuncio • Nov 07
Enea AB (publ) Announces Resignation of Mats Lindoff as Board Member Enea AB (publ) announced that the board member Mats Lindoff is resigning from the Board of Directors at his own request effective immediately. He is resigning for personal reasons. According to Enea’s articles of association, the Board of Directors should have at least five and not more than seven members. After Mats Lindoff has left the Board of Directors, it will have six members pursuant to the articles of association. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.18 (vs kr0.95 in 3Q 2023) Third quarter 2024 results: EPS: kr0.18 (down from kr0.95 in 3Q 2023). Revenue: kr217.1m (flat on 3Q 2023). Net income: kr3.70m (down 82% from 3Q 2023). Profit margin: 1.7% (down from 9.5% in 3Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 20
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr239.4m (up 15% from 2Q 2023). Net income: kr34.0m (up kr654.0m from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Board Change • May 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Åsa Schwarz was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Anuncio • May 01
Enea AB (publ) to Report Fiscal Year 2024 Results on Jan 30, 2025 Enea AB (publ) announced that they will report fiscal year 2024 results on Jan 30, 2025 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.53 (vs kr1.67 in 1Q 2023) First quarter 2024 results: EPS: kr0.53 (down from kr1.67 in 1Q 2023). Revenue: kr206.0m (down 17% from 1Q 2023). Net income: kr10.6m (down 71% from 1Q 2023). Profit margin: 5.1% (down from 14% in 1Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 22
Full year 2023 earnings released: kr25.80 loss per share (vs kr5.05 profit in FY 2022) Full year 2023 results: kr25.80 loss per share (down from kr5.05 profit in FY 2022). Revenue: kr913.0m (down 1.6% from FY 2022). Net loss: kr550.7m (down kr659.7m from profit in FY 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 49% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr1.06b market cap, or US$98.9m). Anuncio • Mar 21
Enea AB (publ) Appoints Osvaldo Aldao as Chief Product and Technology Officer Enea AB (publ) appointed Osvaldo Aldao as Chief Product and Technology Officer, who brings more than 25 years of experience working with communications service providers in Latin America, Europe and Asia, from senior leadership roles in sales and product management at Enea and Ericsson. Osvaldo Aldao has more than 25 years’ international experience in the telecoms industry, having held senior global positions in sales, product management and technology development in Europe and Latin America. Prior to this appointment, Osvaldo was VP Product Management at Enea since 2021, and his previous positions at Ericsson included Head of Portfolio, Communications Services, Head of IoT Accelerator and Head of Sales Support. Osvaldo holds a Masters of Science in Telecommunications and Electronic Engineering from the Institute of Technology, Buenos Aires, Argentina. Buy Or Sell Opportunity • Mar 08
Now 20% overvalued Over the last 90 days, the stock has fallen 4.7% to kr53.10. The fair value is estimated to be kr44.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 03
Full year 2023 earnings released: kr25.85 loss per share (vs kr5.05 profit in FY 2022) Full year 2023 results: kr25.85 loss per share (down from kr5.05 profit in FY 2022). Revenue: kr934.6m (flat on FY 2022). Net loss: kr550.7m (down kr659.7m from profit in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Anuncio • Dec 20
Enea Appoints Ulf Stigberg as CFO Enea announced that Ulf Stigberg has been appointed Chief Financial Officer. He has been acting CFO since July 19 this year when previous CFO Ola Burmark left to seek new endeavors outside Enea. Ulf has more than 25 years of experience in the telecom-industry, and was CFO and co-founder of Aptilo which was acquired by Enea in 2020. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (kr997.5m market cap, or US$89.2m). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: kr0.95 (vs kr1.69 in 3Q 2022) Third quarter 2023 results: EPS: kr0.95 (down from kr1.69 in 3Q 2022). Revenue: kr220.6m (down 3.8% from 3Q 2022). Net income: kr20.4m (down 44% from 3Q 2022). Profit margin: 9.2% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 23
Independent Chairman recently bought kr399k worth of stock On the 18th of September, Kjell Duveblad bought around 10k shares on-market at roughly kr39.90 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr2.0m. Kjell has been a buyer over the last 12 months, purchasing a net total of kr867k worth in shares. Recent Insider Transactions • Sep 14
Acting President & CEO recently bought kr2.0m worth of stock On the 6th of September, Anders Lidbeck bought around 45k shares on-market at roughly kr45.40 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Anuncio • Jul 25
Enea AB (publ) (OM:ENEA) commences an Equity Buyback Plan for 2,148,571 shares, representing 9.83% of its issued share capital, under the authorization approved on May 4, 2023. Enea AB (publ) (OM:ENEA) commences share repurchases on July 19, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase up to 2,148,571 ordinary shares, representing 9.83% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The purpose of the authorizations above to acquire and transfer ordinary shares, including any deviation from the shareholders’ preferential rights in connection with transfer, is to continuously be able to adjust the capital structure of the Company to the capital needs of the Company, to enable financing, in whole or in part, in connection with acquisitions of businesses and for financing and/or securing delivery of ordinary shares in long-term incentive programs. The share repurchase program will expire at the company’s next Annual General Meeting 2024. As of March 31, 2022, the company had 21,858,231 shares in issue of which 21,615,231 are ordinary shares and 243,000 are series C shares. The Company holds 12,952 ordinary share and all 243,000 outstanding series C-shares in treasury.
On July 18, 2023, the company announced a share repurchase program. Under the program, the company will repurchase SEK 25 million worth of its shares. The purpose of the repurchase program is to enable the company to adapt its capital structure to its capital needs over time, and thereby contribute to an increased shareholder value. Repurchase may take place during the period from and including July 19, 2023, up to and including October 25, 2023. Recent Insider Transactions • Jul 25
Independent Chairman recently bought kr468k worth of stock On the 19th of July, Kjell Duveblad bought around 10k shares on-market at roughly kr46.76 per share. This transaction increased Kjell's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kjell's only on-market trade for the last 12 months. Recent Insider Transactions • Jul 21
Independent Chairman recently bought kr468k worth of stock On the 19th of July, Kjell Duveblad bought around 10k shares on-market at roughly kr46.76 per share. This transaction increased Kjell's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kjell's only on-market trade for the last 12 months. Reported Earnings • Jul 19
Second quarter 2023 earnings released: kr28.70 loss per share (vs kr2.16 profit in 2Q 2022) Second quarter 2023 results: kr28.70 loss per share (down from kr2.16 profit in 2Q 2022). Revenue: kr217.4m (flat on 2Q 2022). Net loss: kr620.0m (down kr666.2m from profit in 2Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. New Risk • Jul 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. 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 profits are expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (kr1.00b market cap, or US$98.3m). Anuncio • Jul 06
Enea AB (Publ) Announces Resignation of Jan Frykhammar from the Board of Directors Enea AB (publ) announced that the board member Jan Frykhammar is resigning from the Board of Directors at his own request effective immediately. He is resigning for personal reasons. Anuncio • Jun 15
Enea AB (Publ) Announces CFO Changes Enea AB (publ) announces the appointment of Ulf Stigberg as interim CFO at Enea from July 19, 2023. As previously announced, Ola Burmark, Enea’s current CFO, will leave the Group for a similar role in a privately held company. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: kr0.47 (vs kr0.60 loss in 1Q 2022) First quarter 2023 results: EPS: kr0.47 (up from kr0.60 loss in 1Q 2022). Revenue: kr254.0m (up 18% from 1Q 2022). Net income: kr10.2m (up kr23.2m from 1Q 2022). Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr79.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total loss to shareholders of 47% over the past three years. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: kr5.04 (vs kr9.30 in FY 2021) Full year 2022 results: EPS: kr5.04 (down from kr9.30 in FY 2021). Revenue: kr964.8m (down 1.2% from FY 2021). Net income: kr108.9m (down 46% from FY 2021). Profit margin: 11% (down from 21% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr107, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr137 per share. Anuncio • Feb 01
Enea Announces Resignation of Ola Burmark as CFO Ola Burmark will leave his position as CFO at Enea for a similar role in a privately held company. Recruitment of a new CFO has started. Ola Burmark remains in his role as CFO at Enea during his notice period, or up to six months. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 17% share price gain to kr99.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the IT industry in the United Kingdom. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr142 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Mats Lindoff was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to kr94.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the IT industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: kr1.69 (vs kr2.32 in 3Q 2021) Third quarter 2022 results: EPS: kr1.69 (down from kr2.32 in 3Q 2021). Revenue: kr252.9m (down 2.4% from 3Q 2021). Net income: kr36.6m (down 27% from 3Q 2021). Profit margin: 14% (down from 19% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr78.30, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the IT industry in the United Kingdom. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr151 per share. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 19% share price gain to kr110, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the IT industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr175 per share. Reported Earnings • Jul 16
Second quarter 2022 earnings released: EPS: kr2.15 (vs kr2.39 in 2Q 2021) Second quarter 2022 results: EPS: kr2.15 (down from kr2.39 in 2Q 2021). Revenue: kr221.8m (down 5.2% from 2Q 2021). Net income: kr46.2m (down 11% from 2Q 2021). Profit margin: 21% (down from 22% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 6.3%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 23% share price decline to kr94.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the IT industry in the United Kingdom. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: kr9.30 (vs kr6.63 in FY 2020) Full year 2021 results: EPS: kr9.30 (up from kr6.63 in FY 2020). Revenue: kr976.5m (up 6.6% from FY 2020). Net income: kr200.3m (up 41% from FY 2020). Profit margin: 21% (up from 16% in FY 2020). Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Apr 27
Now 47% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be kr228, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Mats Lindoff was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: kr9.30 (vs kr6.63 in FY 2020) Full year 2021 results: EPS: kr9.30 (up from kr6.63 in FY 2020). Revenue: kr976.5m (up 6.6% from FY 2020). Net income: kr200.3m (up 41% from FY 2020). Profit margin: 21% (up from 16% in FY 2020). Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 15% share price gain to kr210, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the IT industry in the United Kingdom. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr353 per share. Recent Insider Transactions • Feb 05
Insider recently sold kr743k worth of stock On the 2nd of February, Daniel Forsgren sold around 3k shares on-market at roughly kr250 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr7.4m more than they bought in the last 12 months. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr9.32 (up from kr6.63 in FY 2020). Revenue: kr1.00b (up 9.3% from FY 2020). Net income: kr200.3m (up 41% from FY 2020). Profit margin: 20% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 21%, compared to a 18% growth forecast for the industry in the United Kingdom. Anuncio • Feb 02
Enea AB (publ) to Report Fiscal Year 2022 Results on Feb 02, 2023 Enea AB (publ) announced that they will report fiscal year 2022 results on Feb 02, 2023 Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS kr2.32 (vs kr1.45 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr259.0m (up 24% from 3Q 2020). Net income: kr50.2m (up 61% from 3Q 2020). Profit margin: 19% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Executive Departure • Oct 12
Chief Financial Officer Bjorn Westberg has left the company During their tenure, earnings grew by 8.6% annually compared to the industry average of 4.7%. On the 1st of October, Bjorn Westberg left the company after 2.8 years in the role. As of June 2021, Bjorn still personally held 17.89k shares (kr3.6m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Recent Insider Transactions • Jul 26
Insider recently sold kr3.2m worth of stock On the 20th of July, Indranil Chatterjee sold around 14k shares on-market at roughly kr231 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr7.7m more than they bought in the last 12 months. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr2.41 (vs kr2.18 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: kr226.4m (down 6.1% from 2Q 2020). Net income: kr52.0m (up 11% from 2Q 2020). Profit margin: 23% (up from 19% in 2Q 2020). The increase in margin was driven by lower expenses. Executive Departure • May 12
Independent Director has left the company On the 6th of May, Anders Skarin's tenure in the role of Independent Director ended. We don't have any record of a personal shareholding under Anders' name. Anders is the only executive to leave the company over the last 12 months. Recent Insider Transactions • May 01
Insider recently sold kr1.3m worth of stock On the 27th of April, Daniel Forsgren sold around 5k shares on-market at roughly kr255 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr6.5m more than they bought in the last 12 months. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS kr6.62 (vs kr8.47 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr929.1m (down 8.2% from FY 2019). Net income: kr142.3m (down 16% from FY 2019). Profit margin: 15% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 26% share price gain to kr238, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 40x in the IT industry in the United Kingdom. Total returns to shareholders of 213% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr331 per share. Analyst Estimate Surprise Post Earnings • Oct 26
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 4.7% at kr206.4m. Revenue is forecast to grow 11% over the next year, compared to a 6.2% growth forecast for the IT industry in the United Kingdom. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of kr123.1m, down 37% from the prior year. Total revenue was kr937.6m over the last 12 months, down 5.2% from the prior year. Recent Insider Transactions • Oct 26
President & CEO recently bought kr486k worth of stock On the 21st of October, Jan Häglund bought around 3k shares on-market at roughly kr162 per share. This was the largest purchase by an insider in the last 3 months. This was Jan's only on-market trade for the last 12 months.