Major Estimate Revision • Jul 29
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from €171.7m to €178.9m. EPS estimate increased from €0.503 to €0.585 per share. Net income forecast to grow 59% next year vs 22% growth forecast for Hospitality industry in Sweden. Consensus price target up from kr179 to kr192. Share price rose 5.1% to kr184 over the past week. Reported Earnings • Jul 22
Second quarter 2026 earnings: Revenues exceed analyst expectations Second quarter 2026 results: Revenue: €45.9m (up 14% from 2Q 2025). Net income: €3.39m (up €3.15m from 2Q 2025). Profit margin: 7.4% (up from 0.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.8%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Sweden. Anuncio • Jul 01
Kambi Group plc (OM:KAMBI) commences an Equity Buyback Plan for 2,770,994 shares, representing 10% of its issued share capital, under the authorization approved on June 18, 2026. Kambi Group plc (OM:KAMBI) commences a share repurchases on June 22, 2026, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 18, 2026. As per the mandate, the company is authorized to repurchase up to 2,770,994 shares representing 10% of its 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 minimum price that may be paid for the shares is SEK 1 per share and the maximum price that may be paid for the shares is SEK 1,000 per share. The purpose of the buyback is is to ensure added value for the Company’s shareholders and to give the Board increased flexibility with the Company’s capital structure. Repurchased shares will be used to either cancel the shares, use them as consideration for an acquisition or transfer them to employees under company incentive plans. The authority shall expire on the date of the 2027 Annual General Meeting, but in any case shall not exceed the period of 18 months, but not so as to prejudice the completion of a purchase contracted before that date. As of May 22, 2026, the company had 27,709,944 issue.
On June 18, 2026, the company announced a share repurchase program, Under the program, the company will repurchase SEK 100 million (€9.2 million) worth of its shares. Repurchased shares will be cancelled at a future date. The program will run until November 23, 2026. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr174, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Hospitality industry in Sweden. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr154 per share. Recent Insider Transactions • May 28
Chief Executive Officer recently bought kr3.3m worth of stock On the 20th of May, Werner Becher bought around 21k shares on-market at roughly kr156 per share. This transaction amounted to 21% 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 Werner's only on-market trade for the last 12 months. New Risk • May 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to kr159, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Hospitality industry in Sweden. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr148 per share. Anuncio • Apr 09
Kambi Group plc, Annual General Meeting, May 21, 2026 Kambi Group plc, Annual General Meeting, May 21, 2026, at 13:30 W. Europe Standard Time. Location: avenue 77 complex, triq in-negozju, zone 3, central business district, birkirkara, cbd 3010, malta, Sweden Reported Earnings • Mar 30
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €0.24 (down from €0.52 in FY 2024). Revenue: €162.0m (down 8.2% from FY 2024). Net income: €6.81m (down 56% from FY 2024). Profit margin: 4.2% (down from 8.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 25
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from €172.0m to €173.7m. EPS estimate increased from €0.507 to €0.60 per share. Net income forecast to grow 145% next year vs 19% growth forecast for Hospitality industry in Sweden. Consensus price target broadly unchanged at kr147. Share price was steady at kr102 over the past week. Reported Earnings • Feb 19
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €0.24 (down from €0.52 in FY 2024). Revenue: €162.0m (down 8.2% from FY 2024). Net income: €6.81m (down 56% from FY 2024). Profit margin: 4.2% (down from 8.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to kr108. The fair value is estimated to be kr135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 178% in the next 2 years. Anuncio • Dec 08
Kambi Group plc to Report Fiscal Year 2025 Final Results on Mar 26, 2026 Kambi Group plc announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Mar 26, 2026 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr134, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Hospitality industry in Sweden. Total loss to shareholders of 32% over the past three years. New Risk • Nov 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Nov 06
Third quarter 2025 earnings: Revenues miss analyst expectations Third quarter 2025 results: Revenue: €37.4m (down 13% from 3Q 2024). Net income: €1.02m (down 59% from 3Q 2024). Profit margin: 2.7% (down from 5.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.9%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Jul 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 24
Second quarter 2025 earnings: Revenues miss analyst expectations Second quarter 2025 results: Revenue: €40.5m (down 12% from 2Q 2024). Net income: €244.0k (down 95% from 2Q 2024). Profit margin: 0.6% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Anuncio • Jun 27
Kambi Group plc (OM:KAMBI) commences an Equity Buyback Plan for 2,990,362 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2025. Kambi Group plc (OM:KAMBI) commences a share repurchases on June 19, 2025, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 19, 2025. As per the mandate, the company is authorized to repurchase up to 2,990,362 shares representing 10% of its share capital. The minimum price that may be paid for the shares is SEK 1 per share and the maximum price that may be paid for the shares is SEK 1,000 per share. The authority shall expire on the date of the 2026 Annual General Meeting, but in any case shall not exceed the period of 18 months, but not so as to prejudice the completion of a purchase contracted before that date. As of April 10, 2025, the company had 29,903,619 issue.
On June 18, 2025, the company announced repurchase program. Under the program, the company will repurchase up to £15 million worth of its shares in two parts. The company has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. Under the first program, the company will purchase up to 996,787 shares for £5 million. The program will run from the date of this announcement until August 15, 2025. Under the second program, the company will purchase up to 1,993,575 shares for £10 million. The program will run from August 18, 2025 and will expire on November 21, 2025. The purchased shares will be used for company's future obligations arising from its employee share option program. The purchased shares will be held as treasury shares until the future exercise of employee share options. Anuncio • May 20
Kambi Group plc Appoints Anna Nordell Westling as Additional New Directors Kambi Group plc at its AGM held on 19 May 2025 appointed Anna Nordell Westling and Ronnie Bodinger as additional new Directors. Major Estimate Revision • May 07
Consensus EPS estimates fall by 25%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €167.2m to €169.2m. EPS estimate fell from €0.374 to €0.28 per share. Net income forecast to shrink 24% next year vs 25% growth forecast for Hospitality industry in Sweden . Consensus price target broadly unchanged at kr172. Share price fell 7.0% to kr110 over the past week. Reported Earnings • May 02
First quarter 2025 earnings: Revenues miss analyst expectations First quarter 2025 results: Revenue: €41.5m (down 4.0% from 1Q 2024). Net income: €798.0k (down 75% from 1Q 2024). Profit margin: 1.9% (down from 7.5% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.1%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr113, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 12x in the Hospitality industry in Sweden. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr179 per share. Anuncio • Apr 10
Kambi Group plc, Annual General Meeting, May 19, 2025 Kambi Group plc, Annual General Meeting, May 19, 2025, at 13:00 Central European Standard Time. Location: at avenue 77 complex, a4, triq in-negozju, zone 3, central business district, birkirkara, cbd 3010, Malta Reported Earnings • Mar 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.52 (up from €0.49 in FY 2023). Revenue: €176.4m (up 1.8% from FY 2023). Net income: €15.4m (up 3.7% from FY 2023). Profit margin: 8.8% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Mar 05
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €172.2m to €168.0m. EPS estimate also fell from €0.658 per share to €0.38 per share. Net income forecast to shrink 36% next year vs 31% growth forecast for Hospitality industry in Sweden . Consensus price target broadly unchanged at kr172. Share price fell 4.1% to kr106 over the past week. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.52 (up from €0.49 in FY 2023). Revenue: €176.4m (up 1.8% from FY 2023). Net income: €15.4m (up 3.7% from FY 2023). Profit margin: 8.8% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Anuncio • Jan 16
Kambi Group plc Appoints Mattias Frithiof as Senior Vice President Investor Relations & Sustainability Kambi Group plc announced the appointment of Mattias Frithiof as Senior Vice President (SVP) Investor Relations & Sustainability, effective 16 January 2025. Frithiof brings over 15 years of experience in investor relations and finance to his new role at Kambi having previously worked at financial institutions including Moody’s and Swedbank. He joins Kambi from Stockholm-listed audiobook and e-book streaming services company Storytel, where he served as Head of Investor Relations. Based in Stockholm and reporting to Kambi CFO David Kenyon, Frithiof will lead and execute Kambi's investor relations strategy, building and maintaining strong relationships with investors, sell-side analysts and other key stakeholders. He will be responsible for communicating Kambi’s financial performance and growth strategy to the analyst and shareholder communities, as well as leading Kambi’s corporate social responsibility (CSR) strategy. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr117, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Hospitality industry in Sweden. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr169 per share. Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €177.8m to €175.0m. EPS estimate also fell from €0.57 per share to €0.469 per share. Net income forecast to grow 14% next year vs 31% growth forecast for Hospitality industry in Sweden. Consensus price target of kr180 unchanged from last update. Share price fell 3.3% to kr102 over the past week. Recent Insider Transactions • Nov 29
Director recently bought kr537k worth of stock On the 21st of November, Lars Patrick Clase bought around 5k shares on-market at roughly kr107 per share. This transaction amounted to 8.3% 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 kr2.4m more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 24
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €175.0m to €177.8m. EPS estimate increased from €0.469 to €0.57 per share. Net income forecast to shrink 18% next year vs 39% growth forecast for Hospitality industry in Sweden . Consensus price target of kr180 unchanged from last update. Share price rose 2.6% to kr108 over the past week. Recent Insider Transactions • Nov 22
Managing Director of Kambi Sportsbook recently bought kr810k worth of stock On the 13th of November, Erik Logdberg bought around 8k shares on-market at roughly kr107 per share. This transaction amounted to 12% 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 kr1.5m more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €179.0m to €175.0m. EPS estimate also fell from €0.544 per share to €0.469 per share. Net income forecast to grow 14% next year vs 28% growth forecast for Hospitality industry in Sweden. Consensus price target down from kr186 to kr180. Share price fell 8.9% to kr107 over the past week. Anuncio • Nov 13
Kambi Group plc to Report Fiscal Year 2024 Results on Mar 27, 2025 Kambi Group plc announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Mar 27, 2025 New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.0% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Anuncio • Sep 06
Genius Sports Addresses Media Speculation Regarding Potential Acquisition of Kambi Group In response to these rumours, Mark Locke, Chief Executive Officer of Genius Sports Limited (NYSE:GENI) issued the following statement: ‘As policy, we do not comment on unfounded and ill-informed rumours. To prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi Group plc (OM:KAMBI)’. Major Estimate Revision • Aug 05
Consensus EPS estimates increase by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.441 to €0.546. Revenue forecast steady at €179.3m. Net income forecast to shrink 1.2% next year vs 12% growth forecast for Hospitality industry in Sweden . Consensus price target broadly unchanged at kr184. Share price fell 2.2% to kr119 over the past week. Major Estimate Revision • Jul 31
Consensus EPS estimates increase by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €175.4m to €179.2m. EPS estimate increased from €0.441 to €0.599 per share. Net income forecast to grow 5.9% next year vs 12% growth forecast for Hospitality industry in Sweden. Consensus price target up from kr183 to kr187. Share price rose 6.4% to kr126 over the past week. Reported Earnings • Jul 25
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €0.15 (up from €0.083 in 2Q 2023). Revenue: €45.7m (up 6.6% from 2Q 2023). Net income: €4.66m (up 83% from 2Q 2023). Profit margin: 10% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 136%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 15
Now 21% undervalued Over the last 90 days, the stock has risen 23% to kr109. The fair value is estimated to be kr139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Anuncio • Jul 01
Kambi Group plc Appoints Werner Becher as CEO, Effective July 25, 2024 The Board of Kambi Group plc (Kambi) has appointed former Sportradar chief Werner Becher as the Company’s new CEO, succeeding the outgoing Kristian Nylén. Becher will officially assume the position on 25 July, 2024 the day after the publication of Kambi’s Second Quarter 2024 report. Following a thorough search and selection process comprised of a strong pool of candidates, Becher has been assigned to lead Kambi into its next phase of growth, having previously held senior positions within the sports betting industry, both in B2B and B2C companies, alongside earlier experience gained in the technology sector. Becher was a key figure at global sports data and betting supplier Sportradar for four years from 2019, initially as Managing Director of its US-facing Betting arm before assuming the position of CEO of its Europe, Middle East and Africa and Latin America business. Becher played a pivotal role in the successful Nasdaq IPO of Sportradar in September 2021. Becher was previously CEO of European betting and gaming operator Interwetten for eight years, where he led the company through a period of sustained growth. Most recently, Becher served as an independent investor and advisor. On joining Kambi, Becher will be tasked with building on the Company’s success and its position of the industry’s leading sports betting partner. Kambi recently embarked on a modularisation strategy which has seen it open up its platform, incubate its AI-pricing division, Tzeract, and acquire highly complementary businesses in Abios and Shape Games. The hire of Becher comes after Kambi co-founder Nylén announced in January he would, upon the appointment of a successor, step down from the position he has held since 2010. In May, Nylén was elected to the Kambi Board of Directors at the Company’s Annual General Meeting. Nylén will provide ongoing support to Becher to ensure a seamless handover. Anuncio • May 23
Kambi Group plc Approves Board Changes Kambi Group plc held its Annual General Meeting on 21 May 2024. The company approved the Kristian Nylén and Benjie Cherniak were appointed as additional new Directors. The Board extends its gratitude to Lars Stugemo and Cecilia de Leeuw for their dedicated service and contributions. Recent Insider Transactions • Apr 30
Director recently bought kr743k worth of stock On the 24th of April, Lars Patrick Clase bought around 8k shares on-market at roughly kr92.88 per share. This transaction amounted to 15% 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 kr1.1m. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months. Reported Earnings • Mar 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €0.49 (down from €0.86 in FY 2022). Revenue: €173.3m (up 4.4% from FY 2022). Net income: €14.9m (down 44% from FY 2022). Profit margin: 8.6% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Mar 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to kr101. The fair value is estimated to be kr126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.6% net profit margin). Significant insider selling over the past 3 months (kr3.5m sold). Reported Earnings • Feb 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €0.49 (down from €0.86 in FY 2022). Revenue: €173.3m (up 4.4% from FY 2022). Net income: €14.9m (down 44% from FY 2022). Profit margin: 8.6% (down from 16% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €178.6m to €175.7m. EPS estimate also fell from €0.587 per share to €0.515 per share. Net income forecast to shrink 17% next year vs 21% growth forecast for Hospitality industry in Sweden . Consensus price target broadly unchanged at kr208. Share price was steady at kr138 over the past week. Recent Insider Transactions • Dec 04
Chief Executive Officer recently bought kr898k worth of stock On the 28th of November, Kristian Nylen bought around 6k shares on-market at roughly kr163 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. Kristian has been a buyer over the last 12 months, purchasing a net total of kr510k worth in shares. Anuncio • Nov 17
Kambi Group plc Announces Resignation of Lars Stugemo from Board Kambi Group plc’s announced that Lars Stugemo notified the Nomination Committee that he does not intend to seek re-election at the Kambi Annual General Meeting (AGM) 2024 and has therefore decided to step down. Stugemo will leave the Board with immediate effect and continue to serve as a member of the Nomination Committee nominated by Kambi’s shareholder Veralda Investment Ltd. Ström brings vast industry experience to the role as Chair, having founded Kindred Group in 1997 and then later co-founding Kambi alongside CEO Kristian Nylén in 2010. Ström has also been a Kambi Board member since its formation. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr175, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Hospitality industry in Sweden. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr203 per share. Reported Earnings • Nov 02
Third quarter 2023 earnings: Revenues in line with analyst expectations Third quarter 2023 results: Revenue: €42.1m (up 15% from 3Q 2022). Net income: €3.55m (up 37% from 3Q 2022). Profit margin: 8.4% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Sweden. Major Estimate Revision • Aug 02
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €188.8m to €186.4m. EPS estimate also fell from €0.798 per share to €0.69 per share. Net income forecast to grow 5.0% next year vs 15% growth forecast for Hospitality industry in Sweden. Consensus price target up from kr215 to kr224. Share price fell 5.4% to kr192 over the past week. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: €0.083 (vs €0.11 in 2Q 2022) Second quarter 2023 results: EPS: €0.083 (down from €0.11 in 2Q 2022). Revenue: €42.9m (up 24% from 2Q 2022). Net income: €2.55m (down 24% from 2Q 2022). Profit margin: 5.9% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to kr197, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Hospitality industry in Sweden. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr99.68 per share. Major Estimate Revision • Apr 24
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €190.3m to €202.4m. EPS estimate increased from €0.866 to €1.03 per share. Net income forecast to grow 7.6% next year vs 19% growth forecast for Hospitality industry in Sweden. Consensus price target broadly unchanged at kr222. Share price was steady at kr182 over the past week. 
