Recent Insider Transactions • Jun 04
Acting CEO & Director recently bought kr152k worth of stock On the 2nd of June, Noel Abdayem bought around 20k shares on-market at roughly kr7.58 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr264k. Noel has been a buyer over the last 12 months, purchasing a net total of kr2.0m worth in shares. Recent Insider Transactions • Apr 27
Acting Chief Executive Officer recently bought kr244k worth of stock On the 23rd of April, Noel Abdayem bought around 31k shares on-market at roughly kr7.80 per share. This transaction amounted to less than 1% 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 kr281k. Noel has been a buyer over the last 12 months, purchasing a net total of kr1.8m worth in shares. Recent Insider Transactions • Apr 26
Acting Chief Executive Officer recently bought kr244k worth of stock On the 23rd of April, Noel Abdayem bought around 31k shares on-market at roughly kr7.80 per share. This transaction amounted to less than 1% 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 kr281k. Noel has been a buyer over the last 12 months, purchasing a net total of kr1.8m worth in shares. Reported Earnings • Apr 06
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: kr0.038 (down from kr0.24 in FY 2024). Revenue: kr8.10b (up 5.0% from FY 2024). Net income: kr17.0m (down 84% from FY 2024). Profit margin: 0.2% (down from 1.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 01
Humble Group AB (publ), Annual General Meeting, May 06, 2026 Humble Group AB (publ), Annual General Meeting, May 06, 2026, at 09:00 W. Europe Standard Time. Location: tm & partners premises, jakobs torg 3, se-111 52 stockholm Sweden Recent Insider Transactions • Mar 20
Acting Chief Executive Officer recently bought kr264k worth of stock On the 17th of March, Noel Abdayem bought around 37k shares on-market at roughly kr7.23 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr442k. Noel has been a buyer over the last 12 months, purchasing a net total of kr1.6m worth in shares. Annuncio • Mar 13
Humble Group AB Announces CEO Changes, Effective No Later Than September 14, 2026 Humble Group AB has decided to appoint Anders Fredriksson as the new CEO. Anders Fredriksson will assume his position no later than September 14, 2026, succeeding Noel Abdayem. Anders Fredriksson most recently comes from Löfbergs, one of the Nordic region's largest FMCG companies in the coffee sector, with operations in nine countries, where he has been Group President and CEO since 2021. Prior to that, Anders was the CEO of Norrmejerier, a food group in the dairy sector, and SEKAB, a producer of industrial ethanol and producer-owned chemicals with a European customer base. Anders holds a Master of Science degree in Engineering Physics from the Royal Institute of Technology (KTH) and an Executive MBA from the Stockholm School of Economics. Noel Abdayem will continue in his role as acting CEO until Anders assumes his position, after which he will return to an operational role at Humble Group. Recent Insider Transactions • Feb 20
Chief Financial Officer recently bought kr281k worth of stock On the 17th of February, Johan Lennartsson bought around 40k shares on-market at roughly kr7.02 per share. This transaction amounted to 10% 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 kr542k. Johan has been a buyer over the last 12 months, purchasing a net total of kr919k worth in shares. Reported Earnings • Feb 16
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: kr0.038 (down from kr0.28 in FY 2024). Revenue: kr8.10b (up 5.0% from FY 2024). Net income: kr17.0m (down 86% from FY 2024). Profit margin: 0.2% (down from 1.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Personal Products industry in Europe. 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 13% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 15
Price target decreased by 9.3% to kr8.30 Down from kr9.15, the current price target is provided by 1 analyst. New target price is 14% above last closing price of kr7.27. Stock is down 35% over the past year. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr0.115 to kr0.09 per share. Revenue forecast steady at kr8.15b. Net income forecast to grow 276% next year vs 12% growth forecast for Personal Products industry in Sweden. Consensus price target broadly unchanged at kr9.00. Share price was steady at kr8.01 over the past week. Recent Insider Transactions • Jan 02
Acting Chief Executive Officer recently bought kr442k worth of stock On the 30th of December, Noel Abdayem bought around 57k shares on-market at roughly kr7.74 per share. This transaction amounted to less than 1% 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 kr542k. Noel has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares. Recent Insider Transactions • Dec 11
Chief Operating Officer recently bought kr542k worth of stock On the 9th of December, Marcus Stenkil bought around 69k shares on-market at roughly kr7.86 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Marcus has been a buyer over the last 12 months, purchasing a net total of kr273k worth in shares. Recent Insider Transactions • Nov 26
Director recently bought kr99k worth of stock On the 19th of November, Ola Cronholm bought around 14k shares on-market at roughly kr7.37 per share. This transaction amounted to 14% 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 kr254k. Insiders have collectively bought kr3.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 12
Independent Chairman of the Board recently bought kr201k worth of stock On the 10th of November, Dajana Mirborn bought around 28k shares on-market at roughly kr7.26 per share. This transaction amounted to 33% 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 kr254k. Dajana has been a buyer over the last 12 months, purchasing a net total of kr466k worth in shares. Recent Insider Transactions • Nov 04
Chief Financial Officer recently bought kr254k worth of stock On the 31st of October, Johan Lennartsson bought around 31k shares on-market at roughly kr8.07 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Johan has been a buyer over the last 12 months, purchasing a net total of kr1.5m worth in shares. Price Target Changed • Oct 27
Price target decreased by 18% to kr9.15 Down from kr11.20, the current price target is an average from 2 analysts. New target price is 5.2% above last closing price of kr8.70. Stock is down 29% over the past year. The company is forecast to post earnings per share of kr0.11 for next year compared to kr0.28 last year. Reported Earnings • Oct 26
Third quarter 2025 earnings released: kr0.033 loss per share (vs kr0.06 profit in 3Q 2024) Third quarter 2025 results: kr0.033 loss per share (down from kr0.06 profit in 3Q 2024). Revenue: kr2.10b (up 7.3% from 3Q 2024). Net loss: kr15.0m (down 156% from profit in 3Q 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Oct 24
Humble Group AB (publ) to Report Fiscal Year 2025 Final Results on Mar 31, 2026 Humble Group AB (publ) announced that they will report fiscal year 2025 final results on Mar 31, 2026 Major Estimate Revision • Oct 20
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr0.297 to kr0.23 per share. Revenue forecast steady at kr8.09b. Net income forecast to grow 117% next year vs 19% growth forecast for Personal Products industry in Sweden. Consensus price target broadly unchanged at kr11.10. Share price fell 5.8% to kr7.96 over the past week. Annuncio • Oct 17
Humble Group AB (publ) to Report Q4, 2025 Results on Feb 13, 2026 Humble Group AB (publ) announced that they will report Q4, 2025 results at 8:00 AM, Central European Standard Time on Feb 13, 2026 Recent Insider Transactions • Aug 12
Deputy CEO & Board Member recently bought kr547k worth of stock On the 4th of August, Noel Abdayem bought around 74k shares on-market at roughly kr7.37 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 kr4.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 06
Deputy CEO & Board Member recently bought kr547k worth of stock On the 4th of August, Noel Abdayem bought around 74k shares on-market at roughly kr7.37 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 kr4.0m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 20
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: kr0.01 (down from kr0.072 in 2Q 2024). Revenue: kr2.01b (up 7.6% from 2Q 2024). Net income: kr5.00m (down 84% from 2Q 2024). Profit margin: 0.2% (down from 1.7% in 2Q 2024). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 10
Price target decreased by 7.3% to kr10.80 Down from kr11.65, the current price target is an average from 3 analysts. New target price is 30% above last closing price of kr8.28. Stock is down 15% over the past year. The company is forecast to post earnings per share of kr0.34 for next year compared to kr0.28 last year. Recent Insider Transactions • May 08
Chief Executive Officer recently bought kr403k worth of stock On the 5th of May, Simon Petren bought around 50k shares on-market at roughly kr8.06 per share. This transaction amounted to less than 1% 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 kr1.0m. Simon has been a buyer over the last 12 months, purchasing a net total of kr1.9m worth in shares. Price Target Changed • May 07
Price target decreased by 7.3% to kr11.50 Down from kr12.40, the current price target is an average from 2 analysts. New target price is 46% above last closing price of kr7.86. Stock is down 17% over the past year. The company is forecast to post earnings per share of kr0.37 for next year compared to kr0.28 last year. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr8.33b to kr8.20b. EPS estimate also fell from kr0.473 per share to kr0.407 per share. Net income forecast to grow 51% next year vs 26% growth forecast for Personal Products industry in Sweden. Consensus price target down from kr12.40 to kr11.65. Share price fell 3.9% to kr8.27 over the past week. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr8.64b to kr8.20b. EPS estimate also fell from kr0.493 per share to kr0.433 per share. Net income forecast to grow 60% next year vs 26% growth forecast for Personal Products industry in Sweden. Consensus price target of kr12.40 unchanged from last update. Share price rose 3.4% to kr8.27 over the past week. Annuncio • Apr 15
Humble Group AB (publ), Annual General Meeting, May 21, 2025 Humble Group AB (publ), Annual General Meeting, May 21, 2025, at 09:00 W. Europe Standard Time. Location: at 7a strandvagen, strandvagen 7, stockholm Sweden New Risk • Apr 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 89% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 11
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: kr0.28 (up from kr0.28 loss in FY 2023). Revenue: kr7.72b (up 8.0% from FY 2023). Net income: kr124.0m (up kr230.0m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr7.88, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Personal Products industry in Europe. Total loss to shareholders of 58% over the past three years. Recent Insider Transactions • Feb 21
Chief Financial Officer recently bought kr1.0m worth of stock On the 19th of February, Johan Lennartsson bought around 94k shares on-market at roughly kr10.80 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Johan has been a buyer over the last 12 months, purchasing a net total of kr1.3m worth in shares. Reported Earnings • Feb 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: kr0.28 (up from kr0.28 loss in FY 2023). Revenue: kr7.72b (up 8.0% from FY 2023). Net income: kr124.0m (up kr230.0m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annuncio • Feb 12
Humble Group AB (publ) to Report Q4, 2024 Results on Feb 19, 2025 Humble Group AB (publ) announced that they will report Q4, 2024 results at 8:00 AM, Central European Standard Time on Feb 19, 2025 Recent Insider Transactions • Jan 13
Director recently bought kr576k worth of stock On the 10th of January, Ola Cronholm bought around 48k shares on-market at roughly kr12.00 per share. This transaction amounted to 92% 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 kr906k. Insiders have collectively bought kr3.5m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr12.07, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Personal Products industry in Europe. Total loss to shareholders of 54% over the past three years. Recent Insider Transactions • Nov 28
Chief Operating Officer recently bought kr678k worth of stock On the 26th of November, Marcus Stenkil bought around 65k shares on-market at roughly kr10.40 per share. This transaction amounted to 77% 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 kr906k. Marcus has been a buyer over the last 12 months, purchasing a net total of kr15k worth in shares. Price Target Changed • Nov 16
Price target increased by 13% to kr13.70 Up from kr12.10, the current price target is an average from 2 analysts. New target price is 31% above last closing price of kr10.44. Stock is up 15% over the past year. The company is forecast to post earnings per share of kr0.30 next year compared to a net loss per share of kr0.28 last year. Recent Insider Transactions • Nov 04
Chief Executive Officer recently bought kr906k worth of stock On the 31st of October, Simon Petren bought around 75k shares on-market at roughly kr12.08 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Simon has been a buyer over the last 12 months, purchasing a net total of kr2.3m worth in shares. Reported Earnings • Nov 01
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: kr0.06 (up from kr0.20 loss in 3Q 2023). Revenue: kr2.00b (up 9.3% from 3Q 2023). Net income: kr27.0m (up kr118.0m from 3Q 2023). Profit margin: 1.3% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annuncio • Oct 24
Humble Group AB (publ) to Report Q3, 2024 Results on Oct 31, 2024 Humble Group AB (publ) announced that they will report Q3, 2024 results at 8:00 AM, Central European Standard Time on Oct 31, 2024 Recent Insider Transactions • Jul 28
Chief Executive Officer recently bought kr590k worth of stock On the 24th of July, Simon Petren bought around 59k shares on-market at roughly kr10.00 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. Simon has been a buyer over the last 12 months, purchasing a net total of kr2.0m worth in shares. Reported Earnings • Jul 25
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: kr0.072. Revenue: kr1.87b (up 7.9% from 2Q 2023). Net income: kr32.0m (up kr32.0m from 2Q 2023). Profit margin: 1.7% (up from 0% in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 22
Independent Chairman of the Board recently bought kr160k worth of stock On the 20th of June, Dajana Mirborn bought around 16k shares on-market at roughly kr10.04 per share. This transaction amounted to 39% 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 Dajana's only on-market trade for the last 12 months. Recent Insider Transactions • May 06
Chief Financial Officer recently bought kr133k worth of stock On the 3rd of May, Johan Lennartsson bought around 14k shares on-market at roughly kr9.46 per share. This transaction amounted to 7.7% 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 kr790k. Johan has been a buyer over the last 12 months, purchasing a net total of kr493k worth in shares. Reported Earnings • May 02
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: kr0.05 (up from kr0.01 loss in 1Q 2023). Revenue: kr1.88b (up 17% from 1Q 2023). Net income: kr23.0m (up kr26.0m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 19
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: kr0.28 loss per share (further deteriorated from kr0.13 loss in FY 2022). Revenue: kr7.14b (up 46% from FY 2022). Net loss: kr106.0m (loss widened 194% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 22
Chief Financial Officer recently bought kr101k worth of stock On the 19th of February, Johan Lennartsson bought around 10k shares on-market at roughly kr10.07 per share. This transaction amounted to 5.8% 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 kr192k. Johan has been a buyer over the last 12 months, purchasing a net total of kr812k worth in shares. Reported Earnings • Feb 20
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: kr0.28 loss per share (further deteriorated from kr0.13 loss in FY 2022). Revenue: kr7.40b (up 51% from FY 2022). Net loss: kr106.0m (loss widened 194% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 20
VP & COO recently bought kr189k worth of stock On the 15th of December, Noel Abdayem bought around 17k shares on-market at roughly kr11.02 per share. This transaction amounted to less than 1% 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 kr566k. Noel has been a buyer over the last 12 months, purchasing a net total of kr3.2m worth in shares. Breakeven Date Change • Nov 08
Forecast breakeven date pushed back to 2024 The analyst covering Humble Group previously expected the company to break even in 2023. New forecast suggests losses will reduce by 89% to 2023. The company is expected to make a profit of kr408.0m in 2024. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Recent Insider Transactions • Nov 06
Insider recently bought kr566k worth of stock On the 3rd of November, Simon Petren bought around 65k shares on-market at roughly kr8.71 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr8.5m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 02
Third quarter 2023 earnings released: kr0.20 loss per share (vs kr0.90 loss in 3Q 2022) Third quarter 2023 results: kr0.20 loss per share (improved from kr0.90 loss in 3Q 2022). Revenue: kr1.86b (up 35% from 3Q 2022). Net loss: kr91.0m (loss narrowed 66% from 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 18
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be kr10.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 103% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 1,145% in the next 2 years. Buying Opportunity • Aug 24
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be kr10.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 103% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 1,145% in the next 2 years. Recent Insider Transactions • Jul 27
Insider recently bought kr106k worth of stock On the 25th of July, Simon Petren bought around 15k shares on-market at roughly kr7.08 per share. This transaction amounted to less than 1% 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 kr353k. Insiders have collectively bought kr7.6m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr1.73b (up 74% from 2Q 2022). Net income: kr0 (up kr50.0m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. New Risk • Jun 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Jun 25
Chairman of the Board recently bought kr165k worth of stock On the 21st of June, Dajana Mirborn bought around 24k shares on-market at roughly kr6.91 per share. This transaction increased Dajana's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr462k. Dajana has been a buyer over the last 12 months, purchasing a net total of kr245k worth in shares. Recent Insider Transactions • May 06
Chief Financial Officer recently bought kr101k worth of stock On the 4th of May, Johan Lennartsson bought around 13k shares on-market at roughly kr7.57 per share. This transaction amounted to 20% 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 kr462k. Johan has been a buyer over the last 12 months, purchasing a net total of kr764k worth in shares. Breakeven Date Change • Apr 27
Forecast to breakeven in 2023 The 2 analysts covering Humble Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr94.0m in 2023. Recent Insider Transactions • Mar 31
Director recently bought kr98k worth of stock On the 29th of March, Ola Cronholm bought around 16k shares on-market at roughly kr6.15 per share. This transaction amounted to 28% 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 kr876k. Insiders have collectively bought kr6.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 17
Chief Executive Officer recently bought kr203k worth of stock On the 15th of March, Simon Petren bought around 26k shares on-market at roughly kr7.81 per share. This transaction amounted to less than 1% 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 kr876k. Simon has been a buyer over the last 12 months, purchasing a net total of kr1.0m worth in shares. Breakeven Date Change • Mar 04
Forecast breakeven date moved forward to 2023 The 2 analysts covering Humble Group previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of kr75.1m in 2023. Major Estimate Revision • Mar 01
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr6.67b to kr6.76b. Forecast to become profitable, with EPS estimate increasing from -kr1.99 to kr0.63 per share. Personal Products industry in Sweden expected to see average net income growth of 8.4% next year. Consensus price target of kr21.50 unchanged from last update. Share price fell 12% to kr9.20 over the past week. Reported Earnings • Feb 24
Full year 2022 earnings released: kr0.26 loss per share (vs kr1.39 loss in FY 2021) Full year 2022 results: kr0.26 loss per share (improved from kr1.39 loss in FY 2021). Revenue: kr4.89b (up 212% from FY 2021). Net loss: kr71.0m (loss narrowed 79% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 08
Chief Analytics Officer recently bought kr479k worth of stock On the 4th of January, Kristoffer Zinn bought around 50k shares on-market at roughly kr9.66 per share. This transaction increased Kristoffer's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr831k. Insiders have collectively bought kr12m more in shares than they have sold in the last 12 months. Breakeven Date Change • Jan 01
Forecast to breakeven in 2025 The 2 analysts covering Humble Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of kr28.0m in 2025. Average annual earnings growth of 35% is required to achieve expected profit on schedule. Recent Insider Transactions • Dec 27
Chief Executive Officer recently bought kr419k worth of stock On the 23rd of December, Simon Petren bought around 44k shares on-market at roughly kr9.52 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. Simon has been a buyer over the last 12 months, purchasing a net total of kr2.3m worth in shares. Reported Earnings • Nov 24
Third quarter 2022 earnings released: kr0.89 loss per share (vs kr0.63 loss in 3Q 2021) Third quarter 2022 results: kr0.89 loss per share (further deteriorated from kr0.63 loss in 3Q 2021). Revenue: kr1.40b (up 244% from 3Q 2021). Net loss: kr236.0m (loss widened 95% from 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. Annuncio • Nov 23
Humble Group AB (publ) to Report Q4, 2022 Results on Feb 22, 2023 Humble Group AB (publ) announced that they will report Q4, 2022 results on Feb 22, 2023 Price Target Changed • Nov 16
Price target decreased to kr27.17 Down from kr32.83, the current price target is an average from 3 analysts. New target price is 134% above last closing price of kr11.59. Stock is down 64% over the past year. The company is forecast to post a net loss per share of kr2.87 next year compared to a net loss per share of kr1.38 last year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 1 independent director (5 non-independent directors). Chairman of the Board Peter Werme is the most experienced director on the board, commencing their role in 2010. Independent Director Björn Widegren was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Price Target Changed • Aug 30
Price target decreased to kr30.50 Down from kr33.83, the current price target is an average from 2 analysts. New target price is 137% above last closing price of kr12.85. Stock is down 50% over the past year. The company is forecast to post a net loss per share of kr2.73 next year compared to a net loss per share of kr1.38 last year.