Anuncio • May 15
Drillcon AB (publ), Annual General Meeting, May 13, 2026 Drillcon AB (publ), Annual General Meeting, May 13, 2026. Location: orebro Sweden Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr97.8m (down 3.8% from 1Q 2025). Net income: kr1.52m (up kr3.21m from 1Q 2025). Profit margin: 1.6% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Feb 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 205% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.01% net profit margin). Market cap is less than US$100m (kr171.3m market cap, or US$18.9m). Buy Or Sell Opportunity • Feb 17
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at kr3.98. The fair value is estimated to be kr5.20, 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. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at kr4.12. The fair value is estimated to be kr5.20, 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. Meanwhile, the company has become profitable. Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr90.1m (up 11% from 3Q 2024). Net income: kr321.0k (up kr838.0k from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Aug 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 242% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 242% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (kr174.4m market cap, or US$18.3m). Recent Insider Transactions • Aug 15
Chairman recently bought kr76k worth of stock On the 13th of August, Carl Ostring bought around 20k shares on-market at roughly kr3.81 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Carl has been a buyer over the last 12 months, purchasing a net total of kr498k worth in shares. Reported Earnings • Aug 12
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: kr98.0m (down 15% from 2Q 2024). Net loss: kr4.68m (down 176% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Declared Dividend • May 08
Dividend of kr0.25 announced Dividend of kr0.25 is the same as last year. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 5.2%, which is lower than the industry average of 7.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 38% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Anuncio • May 07
Drillcon AB (publ) announces Annual dividend, payable on May 15, 2025 Drillcon AB (publ) announced Annual dividend of SEK 0.2500 per share payable on May 15, 2025, ex-date on May 09, 2025 and record date on May 12, 2025. New Risk • May 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: 3.8% Last year net profit margin: 5.4% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (kr209.6m market cap, or US$21.9m). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr4.87, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Metals and Mining industry in Sweden. Total loss to shareholders of 17% over the past three years. Anuncio • Feb 12
Drillcon AB (publ), Annual General Meeting, May 08, 2025 Drillcon AB (publ), Annual General Meeting, May 08, 2025. Recent Insider Transactions • Dec 18
Director recently bought kr70k worth of stock On the 16th of December, Agne Ahlenius bought around 15k shares on-market at roughly kr4.55 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr220k. Insiders have collectively bought kr1.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 04
Director recently bought kr220k worth of stock On the 2nd of December, Agne Ahlenius bought around 48k shares on-market at roughly kr4.56 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr972k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 25
Chairman recently bought kr73k worth of stock On the 21st of November, Carl Ostring bought around 16k shares on-market at roughly kr4.51 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr132k. Carl has been a buyer over the last 12 months, purchasing a net total of kr660k worth in shares. Recent Insider Transactions • Nov 06
Chairman recently bought kr132k worth of stock On the 1st of November, Carl Ostring bought around 28k shares on-market at roughly kr4.76 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Carl has been a buyer over the last 12 months, purchasing a net total of kr441k worth in shares. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr81.2m (down 33% from 3Q 2023). Net loss: kr517.0k (down 107% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr4.99, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 12x in the Metals and Mining industry in Sweden. Total loss to shareholders of 31% over the past three years. Upcoming Dividend • May 10
Upcoming dividend of kr0.25 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. Trailing yield: 4.0%. Lower than top quartile of Swedish dividend payers (4.4%). In line with average of industry peers (4.1%). Reported Earnings • May 06
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr107.5m (flat on 1Q 2023). Net income: kr2.88m (up kr4.78m from 1Q 2023). Profit margin: 2.7% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 21
Chairman recently bought kr56k worth of stock On the 18th of December, Carl Ostring bought around 10k shares on-market at roughly kr5.64 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Carl has been a buyer over the last 12 months, purchasing a net total of kr159k worth in shares. Reported Earnings • Sep 01
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr129.2m (up 23% from 2Q 2022). Net income: kr6.17m (up kr10.1m from 2Q 2022). Profit margin: 4.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 09
Chairman recently bought kr88k worth of stock On the 1st of March, Carl Ostring bought around 14k shares on-market at roughly kr6.30 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Carl has been a buyer over the last 12 months, purchasing a net total of kr290k worth in shares. Recent Insider Transactions • Nov 30
Chairman recently bought kr72k worth of stock On the 23rd of November, Carl Ostring bought around 15k shares on-market at roughly kr4.95 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Carl has been a buyer over the last 12 months, purchasing a net total of kr323k worth in shares. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Agne Ahlenius was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 11
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr100.6m (up 5.2% from 1Q 2021). Net loss: kr2.77m (down kr2.96m from profit in 1Q 2021). 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. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Agne Ahlenius was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 03
Chairman recently bought kr122k worth of stock On the 1st of March, Carl Ostring bought around 20k shares on-market at roughly kr6.12 per share. This was the largest purchase by an insider in the last 3 months. This was Carl's only on-market trade for the last 12 months. Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.15 loss per share (down from kr0.30 profit in FY 2020). Revenue: kr376.0m (up 22% from FY 2020). Net loss: kr6.87m (down 151% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr7.10, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total returns to shareholders of 42% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: kr0.02 loss per share (vs kr0.04 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: kr87.2m (up 26% from 3Q 2020). Net loss: kr776.0k (loss narrowed 56% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2021 earnings released: kr0.06 loss per share (vs kr0.027 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr95.1m (up 36% from 2Q 2020). Net loss: kr2.49m (loss widened 110% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • May 13
Inaugural dividend of kr0.70 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 26 May 2021. The company last paid an ordinary dividend in May 2019. The average dividend yield among industry peers is 4.2%. Is New 90 Day High Low • Mar 02
New 90-day high: kr8.62 The company is up 39% from its price of kr6.22 on 02 December 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: kr7.60 The company is up 18% from its price of kr6.42 on 10 November 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: kr7.18 The company is up 18% from its price of kr6.10 on 22 October 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: kr6.86 The company is up 12% from its price of kr6.12 on 29 September 2020. The Swedish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: kr0.04 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: kr69.5m (down 24% from 3Q 2019). Net loss: kr1.76m (down 120% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.