New Risk • Jul 16
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 9.7% 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: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (kr365.1m market cap, or US$37.8m). Price Target Changed • Jul 02
Price target increased by 18% to kr71.50 Up from kr60.50, the current price target is provided by 1 analyst. New target price is 6.7% above last closing price of kr67.00. Stock is up 123% over the past year. The company is forecast to post earnings per share of kr4.55 for next year compared to kr1.03 last year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr55.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Professional Services industry in Sweden. Total returns to shareholders of 80% over the past three years. Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: kr0.16 (down from kr0.39 in 1Q 2025). Revenue: kr447.9m (up 281% from 1Q 2025). Net income: kr847.0k (down 56% from 1Q 2025). Profit margin: 0.2% (down from 1.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 83%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Major Estimate Revision • May 05
Consensus EPS estimates fall by 31%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from kr1.91b to kr1.94b. EPS estimate fell from kr7.54 to kr5.22 per share. Net income forecast to grow 414% next year vs 48% growth forecast for Professional Services industry in Sweden. Consensus price target of kr54.00 unchanged from last update. Share price was steady at kr47.60 over the past week. Annonce • Apr 09
Calviks AB (publ), Annual General Meeting, May 12, 2026 Calviks AB (publ), Annual General Meeting, May 12, 2026, at 15:00 W. Europe Standard Time. Location: calviks ab (publ) at landsvagen 57, 172 65 sundbyberg, Sweden Reported Earnings • Feb 10
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: kr2.99 (up from kr2.59 in FY 2024). Revenue: kr1.35b (up 233% from FY 2024). Net income: kr15.9m (up 27% from FY 2024). Profit margin: 1.2% (down from 3.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Price Target Changed • Jan 27
Price target increased by 23% to kr54.00 Up from kr44.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of kr45.00. Stock is up 126% over the past year. The company is forecast to post earnings per share of kr3.00 for next year compared to kr2.59 last year. Major Estimate Revision • Nov 27
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.38b to kr1.36b. EPS estimate also fell from kr3.59 per share to kr3.14 per share. Net income forecast to grow 231% next year vs 28% growth forecast for Professional Services industry in Sweden. Consensus price target of kr45.00 unchanged from last update. Share price fell 5.3% to kr46.40 over the past week. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: kr1.12 (vs kr0.83 in 3Q 2024) Third quarter 2025 results: EPS: kr1.12 (up from kr0.83 in 3Q 2024). Revenue: kr356.2m (up 231% from 3Q 2024). Net income: kr6.11m (up 49% from 3Q 2024). Profit margin: 1.7% (down from 3.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services 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 20% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.42b to kr1.37b. EPS estimate also fell from kr4.14 per share to kr3.36 per share. Net income forecast to grow 235% next year vs 33% growth forecast for Professional Services industry in Sweden. Consensus price target up from kr44.00 to kr45.00. Share price rose 32% to kr50.00 over the past week. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr45.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Professional Services industry in Sweden. Total returns to shareholders of 76% over the past three years. New Risk • Sep 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x 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 Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (kr177.1m market cap, or US$18.8m). Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.44b to kr1.42b. EPS estimate also fell from kr5.35 per share to kr4.14 per share. Net income forecast to grow 158% next year vs 27% growth forecast for Professional Services industry in Sweden. Consensus price target down from kr45.00 to kr44.00. Share price rose 11% to kr33.20 over the past week. Major Estimate Revision • Aug 14
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.48b to kr1.44b. EPS estimate also fell from kr6.12 per share to kr5.35 per share. Net income forecast to grow 208% next year vs 26% growth forecast for Professional Services industry in Sweden. Consensus price target of kr45.00 unchanged from last update. Share price was steady at kr30.90 over the past week. Reported Earnings • May 18
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: kr0.39 (down from kr1.02 in 1Q 2024). Revenue: kr118.1m (up 74% from 1Q 2024). Net income: kr1.94m (down 59% from 1Q 2024). Profit margin: 1.6% (down from 7.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services 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 1% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 03
Consensus revenue estimates increase by 181% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from kr515.1m to kr1.45b. EPS estimate increased from kr5.27 to kr6.22 per share. Net income forecast to grow 147% next year vs 26% growth forecast for Professional Services industry in Sweden. Consensus price target up from kr40.00 to kr44.00. Share price rose 8.4% to kr31.00 over the past week. Price Target Changed • Mar 31
Price target increased by 13% to kr44.00 Up from kr39.00, the current price target is provided by 1 analyst. New target price is 40% above last closing price of kr31.40. Stock is up 59% over the past year. The company is forecast to post earnings per share of kr5.75 for next year compared to kr2.59 last year. New Risk • Mar 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 8.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (kr162.0m market cap, or US$16.1m). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to kr30.80, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Professional Services industry in Sweden. Total returns to shareholders of 54% over the past year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr26.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Professional Services industry in Sweden. Total returns to shareholders of 3.1% over the past year. Reported Earnings • Feb 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: kr2.59 (up from kr0.41 in FY 2023). Revenue: kr406.9m (up 451% from FY 2023). Net income: kr12.6m (up kr11.1m from FY 2023). Profit margin: 3.1% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Sweden. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr22.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 15x in the Professional Services industry in Sweden. Total loss to shareholders of 11% over the past year. Annonce • Feb 21
Job Solution Sweden Holding AB (publ), Annual General Meeting, May 20, 2025 Job Solution Sweden Holding AB (publ), Annual General Meeting, May 20, 2025. New Risk • Dec 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr109.3m (US$9.98m) This is considered a major 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. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr109.3m market cap, or US$9.98m). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (31% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr22.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Professional Services industry in Sweden. Total loss to shareholders of 22% over the past year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr24.60, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 18x in the Professional Services industry in Sweden. Total loss to shareholders of 12% over the past year. Annonce • Jul 16
Job Solution Sweden Holding AB (publ) (OM:JOBS) signed a letter of intent to acquire 55% stake in Succedo As for NOK 9 million. Job Solution Sweden Holding AB (publ) (OM:JOBS) signed a letter of intent to acquire 55% stake in Succedo As for NOK 9 million on July 15, 2024. In addition Job Solution with an option to buy the remaining 45% over the next three years, provided that certain conditions are met. The acquisition is conditional on Job Solution carrying out satisfactory due diligence and the parties agreeing to enter into a share transfer agreement. The company is intended to be acquired on a debt-free basis where the cash goes to Job Solution. For the period ending December 31, 2023, Succedo As reported total revenue of NOK 45 million and EBIT of NOK 5 million. The expected completion of the transaction in beginning of September and then take office on October 1, 2024. New Risk • Mar 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr100.6m (US$9.68m) This is considered a major 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. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Market cap is less than US$10m (kr100.6m market cap, or US$9.68m). New Risk • Feb 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr126.0m market cap, or US$12.0m). New Risk • Jul 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr113.9m market cap, or US$10.8m).