Board Change • Jun 20
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 Per Adolfsson 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. Annonce • May 08
Precio Fishbone AB (publ), Annual General Meeting, May 06, 2026 Precio Fishbone AB (publ), Annual General Meeting, May 06, 2026. Upcoming Dividend • Apr 30
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 13 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (4.1%). In line with average of industry peers (2.8%). New Risk • Apr 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 228% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 228% Paying a dividend despite having no free cash flows. Earnings have declined by 30% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (kr176.2m market cap, or US$19.2m). Declared Dividend • Mar 02
Dividend increased to kr0.50 Dividend of kr0.50 is 11% higher than last year. Ex-date: 7th May 2026 Payment date: 13th May 2026 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is not covered by earnings (149% earnings payout ratio). However, it is well covered by cash flows (20% cash payout ratio). 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 grow by 66% to bring the payout ratio under control. However, EPS has declined by 32% over the last 5 years so the company would need to reverse this trend. Annonce • Feb 28
Precio Fishbone AB (publ) announces Annual dividend, payable on May 13, 2026 Precio Fishbone AB (publ) announced Annual dividend of SEK 0.5000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr24.00, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 18x in the IT industry in Sweden. Total returns to shareholders of 2.1% over the past three years. New Risk • Nov 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr751k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 147% Cash payout ratio: 367% Earnings have declined by 26% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Significant insider selling over the past 3 months (kr751k sold). Market cap is less than US$100m (kr189.0m market cap, or US$20.0m). Recent Insider Transactions • Sep 24
Independent Chairman of the Board recently sold kr208k worth of stock On the 19th of September, Patrik Salen sold around 10k shares on-market at roughly kr20.80 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Patrik has been a net buyer over the last 12 months, purchasing a net total of kr154k worth of shares. New Risk • Sep 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 147% Cash payout ratio: 271% Dividend yield: 2.4% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 147% Cash payout ratio: 271% Earnings have declined by 26% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (kr169.8m market cap, or US$18.1m). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr19.00, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 17x in the IT industry in Sweden. Total loss to shareholders of 26% over the past three years. New Risk • May 14
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: 2.6% Last year net profit margin: 6.4% 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: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (kr198.2m market cap, or US$20.4m). Upcoming Dividend • May 02
Upcoming dividend of kr0.45 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Swedish dividend payers (4.1%). Lower than average of industry peers (2.3%). Declared Dividend • Apr 11
Dividend of kr0.45 announced Shareholders will receive a dividend of kr0.45. Ex-date: 8th May 2025 Payment date: 14th May 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. Annonce • Apr 10
Precio Fishbone AB (publ) announces Annual dividend, payable on May 14, 2025 Precio Fishbone AB (publ) announced Annual dividend of SEK 0.4500 per share payable on May 14, 2025, ex-date on May 08, 2025 and record date on May 09, 2025. Annonce • Feb 28
Precio Fishbone AB (publ), Annual General Meeting, May 07, 2025 Precio Fishbone AB (publ), Annual General Meeting, May 07, 2025. Recent Insider Transactions • Nov 14
Independent Chairman of the Board recently bought kr242k worth of stock On the 11th of November, Patrik Salen bought around 10k shares on-market at roughly kr24.23 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Patrik's only on-market trade for the last 12 months. Annonce • Oct 02
Precio Fishbone AB (publ) (OM:PRCO B) acquired Data 4 Development B.V. for €0.075 million. Precio Fishbone AB (publ) (OM:PRCO B) acquired Data 4 Development B.V. for €0.075 million on September 30, 2024. The maximum purchase price, excluding debt, is €0.075 million, including an earn-out.
In 2023, Data 4 Development had a turnover of €0.29 million, with a net profit of €0.017 million.
Precio Fishbone AB (publ) (OM:PRCO B) completed the acquisition of Data 4 Development B.V. for €0.075 million on September 30, 2024. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: kr0.26 (vs kr0.46 in 2Q 2023) Second quarter 2024 results: EPS: kr0.26 (down from kr0.46 in 2Q 2023). Revenue: kr45.4m (down 38% from 2Q 2023). Net income: kr2.39m (down 43% from 2Q 2023). Profit margin: 5.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jul 15
Chief Executive Officer recently sold kr337k worth of stock On the 10th of July, Christer Johansson sold around 12k shares on-market at roughly kr28.50 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr40m. Christer has been a net seller over the last 12 months, reducing personal holdings by kr8.4m. Recent Insider Transactions • Jul 05
Chief Executive Officer recently sold kr40m worth of stock On the 28th of June, Christer Johansson sold around 1m shares on-market at roughly kr28.50 per share. This transaction amounted to 96% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christer has been a net seller over the last 12 months, reducing personal holdings by kr8.1m. Buy Or Sell Opportunity • Jul 02
Now 24% overvalued Over the last 90 days, the stock has fallen 23% to kr27.40. The fair value is estimated to be kr22.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 48%. Buy Or Sell Opportunity • Jun 27
Now 21% overvalued Over the last 90 days, the stock has fallen 28% to kr26.80. The fair value is estimated to be kr22.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 48%. New Risk • Jun 06
New major risk - Revenue and earnings growth Earnings have declined by 23% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 95% Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (kr253.8m market cap, or US$24.4m). Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr47.2m (down 37% from 1Q 2023). Net income: kr4.03m (down 19% from 1Q 2023). Profit margin: 8.5% (up from 6.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 01
Upcoming dividend of kr10.00 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 6.7% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: kr19.26 (vs kr1.67 in FY 2022) Full year 2023 results: EPS: kr19.26 (up from kr1.67 in FY 2022). Revenue: kr213.5m (down 19% from FY 2022). Net income: kr177.1m (up kr161.8m from FY 2022). Profit margin: 83% (up from 5.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 09
Upcoming dividend of kr3.80 per share at 3.6% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 22 February 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (4.6%). Higher than average of industry peers (2.3%). Upcoming Dividend • Jan 12
Upcoming dividend of kr3.80 per share at 3.6% yield Eligible shareholders must have bought the stock before 19 January 2024. Payment date: 25 January 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (4.9%). Higher than average of industry peers (2.8%). Recent Insider Transactions • Dec 20
Chief Executive Officer recently bought kr128k worth of stock On the 14th of December, Christer Johansson bought around 3k shares on-market at roughly kr38.00 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. This was Christer's only on-market trade for the last 12 months. Annonce • Dec 15
Monterro AB entered into an agreement to acquire 80% stake in Fishbone Systems AB from Precio Fishbone AB (publ) (OM:PRCO B) for SEK 168 million. Monterro AB entered into an agreement to acquire 80% stake in Fishbone Systems AB from Precio Fishbone AB (publ) (OM:PRCO B) for SEK 168 million on December 13, 2023. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr31.00, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 14x in the IT industry in Sweden. Total loss to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr37.00, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 16x in the IT industry in Sweden. Total loss to shareholders of 7.1% over the past three years. Upcoming Dividend • Apr 14
Upcoming dividend of kr1.30 per share at 3.8% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 27 April 2023. Trailing yield: 3.8%. Lower than top quartile of Swedish dividend payers (4.9%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: kr1.67 (vs kr1.87 in FY 2021) Full year 2022 results: EPS: kr1.67 (down from kr1.87 in FY 2021). Revenue: kr260.1m (up 4.1% from FY 2021). Net income: kr15.4m (down 10% from FY 2021). Profit margin: 5.9% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr42.00, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 15x in the IT industry in Sweden. Total loss to shareholders of 23% over the past three years. Reported Earnings • Aug 27
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr67.1m (up 2.0% from 2Q 2021). Net income: kr4.68m (down 16% from 2Q 2021). Profit margin: 7.0% (down from 8.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Apr 28
Upcoming dividend of kr1.90 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 11 May 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Swedish dividend payers (4.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: kr1.87 (down from kr2.20 in FY 2020). Revenue: kr248.6m (flat on FY 2020). Net income: kr17.1m (down 15% from FY 2020). Profit margin: 6.9% (down from 8.1% in FY 2020). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 31%. 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. Reported Earnings • Nov 07
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr50.5m (down 3.3% from 3Q 2020). Net income: kr1.68m (down 44% from 3Q 2020). Profit margin: 3.3% (down from 5.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr65.8m (up 1.7% from 2Q 2020). Net income: kr5.58m (up 5.3% from 2Q 2020). Profit margin: 8.5% (up from 8.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 11
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: kr64.2m (down 2.5% from 1Q 2020). Net income: kr4.94m (down 2.9% from 1Q 2020). Profit margin: 7.7% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 30
Upcoming dividend of kr2.90 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 14 May 2021. Trailing yield: 3.0%. Lower than top quartile of Swedish dividend payers (3.5%). Higher than average of industry peers (2.0%). Recent Insider Transactions • Apr 02
Insider recently sold kr1.5m worth of stock On the 31st of March, Anders Fagerlund sold around 25k shares on-market at roughly kr60.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr1.5m more than they bought in the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day high: kr63.00 The company is up 3.0% from its price of kr61.00 on 24 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 13% over the same period. Reported Earnings • Feb 23
Full year 2020 earnings released: EPS kr2.20 (vs kr2.02 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr250.0m (up 2.3% from FY 2019). Net income: kr20.2m (up 9.0% from FY 2019). Profit margin: 8.1% (up from 7.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 22
New 90-day low: kr56.60 The company is down 7.0% from its price of kr60.80 on 23 October 2020. The Swedish market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS kr0.33 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr52.2m (up 3.9% from 3Q 2019). Net income: kr3.02m (up 27% from 3Q 2019). Profit margin: 5.8% (up from 4.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Oct 24
New 90-day high: kr60.80 The company is up 32% from its price of kr46.00 on 24 July 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 22% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: kr57.60 The company is up 31% from its price of kr44.10 on 08 July 2020. The Swedish market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 25% over the same period. Is New 90 Day High Low • Sep 19
New 90-day high: kr53.00 The company is up 20% from its price of kr44.10 on 18 June 2020. The Swedish market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 29% over the same period.