View Financial HealthB3 Consulting Group 配当と自社株買い配当金 基準チェック /06B3 Consulting Group現在配当金を支払っていません。主要情報0%配当利回り0%バイバック利回り総株主利回り0%将来の配当利回り13.2%配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向0%最近の配当と自社株買いの更新Upcoming Dividend • Nov 07Upcoming dividend of kr3.50 per shareEligible shareholders must have bought the stock before 13 November 2024. Payment date: 19 November 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.3%).Upcoming Dividend • May 04Upcoming dividend of kr8.00 per share at 5.8% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%).すべての更新を表示Recent updatesお知らせ • Apr 12B3 Consulting Group AB (publ), Annual General Meeting, May 13, 2026B3 Consulting Group AB (publ), Annual General Meeting, May 13, 2026, at 14:00 W. Europe Standard Time. Location: company premises at wallingatan 2, 111 60, stockholm Swedenお知らせ • Apr 03B3 Consulting Group AB (publ), Annual General Meeting, May 07, 2025B3 Consulting Group AB (publ), Annual General Meeting, May 07, 2025, at 14:00 W. Europe Standard Time. Location: at wallingatan 2, 111 60 stockholm Swedenお知らせ • Feb 20B3 Consulting Group AB (publ) (OM:B3) signed an agreement to acquire 51% stake in Habberstad As for NOK 15.8 million.B3 Consulting Group AB (publ) (OM:B3) signed an agreement to acquire 51% stake in Habberstad As for NOK 15.8 million on February 19, 2025. A cash consideration of NOK 15.8 million will be paid by B3 Consulting Group AB (publ). As part of consideration, NOK 15.8 million is paid towards common equity of Habberstad As. The company will remain intact with current management, branding and own internal functions. No cost initiatives will be taken. For the period ending December 31, 2024, Habberstad As reported total revenue of NOK 78.6 million and EBIT of NOK 5.6 million.Upcoming Dividend • Nov 07Upcoming dividend of kr3.50 per shareEligible shareholders must have bought the stock before 13 November 2024. Payment date: 19 November 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.3%).New Risk • Oct 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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 Risks Debt is not well covered by operating cash flow (2.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (€63.5m market cap, or US$68.5m).Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: kr8.65 (vs kr1.05 in 3Q 2023)Third quarter 2024 results: EPS: kr8.65 (up from kr1.05 in 3Q 2023). Revenue: kr245.3m (up 9.9% from 3Q 2023). Net income: kr74.3m (up kr65.1m from 3Q 2023). Profit margin: 30% (up from 4.1% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €7.72, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the IT industry in Germany. Total returns to shareholders of 31% over the past three years.Buy Or Sell Opportunity • Aug 06Now 22% undervaluedOver the last 90 days, the stock has risen 4.0% to €6.72. The fair value is estimated to be €8.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 242% in the next 2 years.Reported Earnings • Jul 17Second quarter 2024 earnings released: EPS: kr0.62 (vs kr1.68 in 2Q 2023)Second quarter 2024 results: EPS: kr0.62 (down from kr1.68 in 2Q 2023). Revenue: kr266.4m (down 11% from 2Q 2023). Net income: kr5.20m (down 64% from 2Q 2023). Profit margin: 2.0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.お知らせ • Jul 10B3 Consulting Group AB (publ) (OM:B3) completed the acquisition of Webstep AB from Webstep AS.B3 Consulting Group AB (publ) (OM:B3) agreed to acquire Webstep AB from Webstep AS for SEK 50.9 million on May 23, 2024. The consideration consists of SEK 25.49 million in cash and SEK 25.49 million in non-convertible debt. As part of the consideration, SEK 50.98 million was paid towards common equity. The transaction is subject to applicable regulatory approvals and other customary closing conditions. The transaction is expected to close in H2 2024.Pareto Securities AB acted as Financial Advisor to Webstep AS. B3 Consulting Group AB (publ) (OM:B3) completed the acquisition of Webstep AB from Webstep AS on July 9, 2024.お知らせ • May 25B3 Consulting Group AB (publ) (OM:B3) agreed to acquire Webstep AB from Webstep AS for SEK 51 million.B3 Consulting Group AB (publ) (OM:B3) agreed to acquire Webstep AB from Webstep AS for SEK 50.9 million on May 23, 2024. The consideration consists of SEK 25.49 million in cash and SEK 25.49 million in non-convertible debt. As part of the consideration, SEK 50.98 million was paid towards common equity. The transaction is subject to applicable regulatory approvals and other customary closing conditions. The transaction is expected to close in H2 2024.Buy Or Sell Opportunity • Apr 26Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €5.80. The fair value is estimated to be €7.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 112% in the next 2 years.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: kr0.63 (vs kr3.41 in 1Q 2023)First quarter 2024 results: EPS: kr0.63 (down from kr3.41 in 1Q 2023). Revenue: kr281.9m (down 13% from 1Q 2023). Net income: kr5.30m (down 82% from 1Q 2023). Profit margin: 1.9% (down from 8.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: kr7.12 (vs kr11.83 in FY 2022)Full year 2023 results: EPS: kr7.12 (down from kr11.83 in FY 2022). Revenue: kr1.14b (flat on FY 2022). Net income: kr60.5m (down 42% from FY 2022). Profit margin: 5.3% (down from 9.0% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany.Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €8.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 42% over the past year.Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €8.24, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 39% over the past year.Reported Earnings • Oct 28Third quarter 2023 earnings released: EPS: kr1.05 (vs kr2.17 in 3Q 2022)Third quarter 2023 results: EPS: kr1.05 (down from kr2.17 in 3Q 2022). Revenue: kr223.7m (down 5.1% from 3Q 2022). Net income: kr9.20m (down 51% from 3Q 2022). Profit margin: 4.1% (down from 7.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany.Reported Earnings • Jul 21Second quarter 2023 earnings released: EPS: kr1.68 (vs kr2.97 in 2Q 2022)Second quarter 2023 results: EPS: kr1.68 (down from kr2.97 in 2Q 2022). Revenue: kr299.8m (up 3.6% from 2Q 2022). Net income: kr14.4m (down 44% from 2Q 2022). Profit margin: 4.8% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany.New Risk • Jun 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.1m (US$99.3m) This is considered a minor 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: 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 (8.0% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (€91.1m market cap, or US$99.3m).Recent Insider Transactions • Jun 06Chairman recently bought €56k worth of stockOn the 2nd of June, Sverre Bjerkeli bought around 5k shares on-market at roughly €11.12 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. Sverre has been a buyer over the last 12 months, purchasing a net total of €4.2m worth in shares.Valuation Update With 7 Day Price Move • May 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €11.34, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in Germany. Total returns to shareholders of 14% over the past year.Upcoming Dividend • May 04Upcoming dividend of kr8.00 per share at 5.8% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%).Valuation Update With 7 Day Price Move • May 03Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €13.66, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the IT industry in Germany. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €24.75 per share.Reported Earnings • Feb 18Full year 2022 earnings released: EPS: kr11.83 (vs kr5.32 in FY 2021)Full year 2022 results: EPS: kr11.83 (up from kr5.32 in FY 2021). Revenue: kr1.15b (up 25% from FY 2021). Net income: kr103.3m (up 128% from FY 2021). Profit margin: 9.0% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to €16.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Germany. Total returns to shareholders of 116% over the past year.Recent Insider Transactions • Dec 01Insider recently sold €312k worth of stockOn the 23rd of November, Tommy Sarenbrant sold around 21k shares on-market at roughly €15.07 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €995k. Despite this recent sale, insiders have collectively bought €2.0m more than they sold in the last 12 months.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: kr2.17 (vs kr0.57 in 3Q 2021)Third quarter 2022 results: EPS: kr2.17 (up from kr0.57 in 3Q 2021). Revenue: kr235.9m (up 25% from 3Q 2021). Net income: kr18.7m (up 282% from 3Q 2021). Profit margin: 7.9% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Germany.Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: kr2.97 (vs kr1.37 in 2Q 2021)Second quarter 2022 results: EPS: kr2.97 (up from kr1.37 in 2Q 2021). Revenue: kr289.7m (up 24% from 2Q 2021). Net income: kr25.5m (up 120% from 2Q 2021). Profit margin: 8.8% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.9%, compared to a 17% growth forecast for the industry in Germany.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to €10.70, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 100% over the past year.Board Change • May 20High number of new directorsIndependent Director Leif Frykman was the last director to join the board, commencing their role in 2022.Recent Insider Transactions • May 04Insider recently sold €303k worth of stockOn the 29th of April, Fredrik Blomgren sold around 24k shares on-market at roughly €12.80 per share. In the last 3 months, there was an even bigger sale from another insider worth €383k. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: kr3.38 (vs kr0.71 in 1Q 2021)First quarter 2022 results: EPS: kr3.38 (up from kr0.71 in 1Q 2021). Revenue: kr292.4m (up 28% from 1Q 2021). Net income: kr29.0m (up 392% from 1Q 2021). Profit margin: 9.9% (up from 2.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 20% growth forecast for the industry in Germany.Recent Insider Transactions • Feb 23Insider recently sold €383k worth of stockOn the 21st of February, Tommy Sarenbrant sold around 42k shares on-market at roughly €9.11 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €714k more than they bought in the last 12 months.Reported Earnings • Feb 21Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: kr5.32 (up from kr2.89 in FY 2020). Revenue: kr921.9m (up 8.3% from FY 2020). Net income: kr45.3m (up 98% from FY 2020). Profit margin: 4.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the industry in Germany.Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS kr0.57 (vs kr0.45 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr189.0m (up 16% from 3Q 2020). Net income: kr4.90m (up 32% from 3Q 2020). Profit margin: 2.6% (up from 2.3% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 29x in the IT industry in Germany.Reported Earnings • Aug 25Second quarter 2021 earnings released: EPS kr1.37 (vs kr0.76 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr234.4m (up 7.2% from 2Q 2020). Net income: kr11.6m (up 97% from 2Q 2020). Profit margin: 4.9% (up from 2.7% in 2Q 2020). The increase in margin was driven by higher revenue.決済の安定と成長配当データの取得安定した配当: B37の 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: B37の配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場B3 Consulting Group 配当利回り対市場B37 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (B37)0%市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (IT)2.2%アナリスト予想 (B37) (最長3年)13.2%注目すべき配当: B37は最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: B37は最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: B37 German市場において目立った配当金を支払っていません。株主配当金キャッシュフローカバレッジ: B37が配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 18:02終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋B3 Consulting Group AB (publ) 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関null nullABG Sundal Colliernull nullABG Sundal Collier SponsoredVincent EdholmPareto Securities1 その他のアナリストを表示
Upcoming Dividend • Nov 07Upcoming dividend of kr3.50 per shareEligible shareholders must have bought the stock before 13 November 2024. Payment date: 19 November 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.3%).
Upcoming Dividend • May 04Upcoming dividend of kr8.00 per share at 5.8% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%).
お知らせ • Apr 12B3 Consulting Group AB (publ), Annual General Meeting, May 13, 2026B3 Consulting Group AB (publ), Annual General Meeting, May 13, 2026, at 14:00 W. Europe Standard Time. Location: company premises at wallingatan 2, 111 60, stockholm Sweden
お知らせ • Apr 03B3 Consulting Group AB (publ), Annual General Meeting, May 07, 2025B3 Consulting Group AB (publ), Annual General Meeting, May 07, 2025, at 14:00 W. Europe Standard Time. Location: at wallingatan 2, 111 60 stockholm Sweden
お知らせ • Feb 20B3 Consulting Group AB (publ) (OM:B3) signed an agreement to acquire 51% stake in Habberstad As for NOK 15.8 million.B3 Consulting Group AB (publ) (OM:B3) signed an agreement to acquire 51% stake in Habberstad As for NOK 15.8 million on February 19, 2025. A cash consideration of NOK 15.8 million will be paid by B3 Consulting Group AB (publ). As part of consideration, NOK 15.8 million is paid towards common equity of Habberstad As. The company will remain intact with current management, branding and own internal functions. No cost initiatives will be taken. For the period ending December 31, 2024, Habberstad As reported total revenue of NOK 78.6 million and EBIT of NOK 5.6 million.
Upcoming Dividend • Nov 07Upcoming dividend of kr3.50 per shareEligible shareholders must have bought the stock before 13 November 2024. Payment date: 19 November 2024. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.3%).
New Risk • Oct 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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 Risks Debt is not well covered by operating cash flow (2.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (€63.5m market cap, or US$68.5m).
Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: kr8.65 (vs kr1.05 in 3Q 2023)Third quarter 2024 results: EPS: kr8.65 (up from kr1.05 in 3Q 2023). Revenue: kr245.3m (up 9.9% from 3Q 2023). Net income: kr74.3m (up kr65.1m from 3Q 2023). Profit margin: 30% (up from 4.1% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €7.72, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the IT industry in Germany. Total returns to shareholders of 31% over the past three years.
Buy Or Sell Opportunity • Aug 06Now 22% undervaluedOver the last 90 days, the stock has risen 4.0% to €6.72. The fair value is estimated to be €8.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 242% in the next 2 years.
Reported Earnings • Jul 17Second quarter 2024 earnings released: EPS: kr0.62 (vs kr1.68 in 2Q 2023)Second quarter 2024 results: EPS: kr0.62 (down from kr1.68 in 2Q 2023). Revenue: kr266.4m (down 11% from 2Q 2023). Net income: kr5.20m (down 64% from 2Q 2023). Profit margin: 2.0% (down from 4.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
お知らせ • Jul 10B3 Consulting Group AB (publ) (OM:B3) completed the acquisition of Webstep AB from Webstep AS.B3 Consulting Group AB (publ) (OM:B3) agreed to acquire Webstep AB from Webstep AS for SEK 50.9 million on May 23, 2024. The consideration consists of SEK 25.49 million in cash and SEK 25.49 million in non-convertible debt. As part of the consideration, SEK 50.98 million was paid towards common equity. The transaction is subject to applicable regulatory approvals and other customary closing conditions. The transaction is expected to close in H2 2024.Pareto Securities AB acted as Financial Advisor to Webstep AS. B3 Consulting Group AB (publ) (OM:B3) completed the acquisition of Webstep AB from Webstep AS on July 9, 2024.
お知らせ • May 25B3 Consulting Group AB (publ) (OM:B3) agreed to acquire Webstep AB from Webstep AS for SEK 51 million.B3 Consulting Group AB (publ) (OM:B3) agreed to acquire Webstep AB from Webstep AS for SEK 50.9 million on May 23, 2024. The consideration consists of SEK 25.49 million in cash and SEK 25.49 million in non-convertible debt. As part of the consideration, SEK 50.98 million was paid towards common equity. The transaction is subject to applicable regulatory approvals and other customary closing conditions. The transaction is expected to close in H2 2024.
Buy Or Sell Opportunity • Apr 26Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €5.80. The fair value is estimated to be €7.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 112% in the next 2 years.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: kr0.63 (vs kr3.41 in 1Q 2023)First quarter 2024 results: EPS: kr0.63 (down from kr3.41 in 1Q 2023). Revenue: kr281.9m (down 13% from 1Q 2023). Net income: kr5.30m (down 82% from 1Q 2023). Profit margin: 1.9% (down from 8.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Germany.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: kr7.12 (vs kr11.83 in FY 2022)Full year 2023 results: EPS: kr7.12 (down from kr11.83 in FY 2022). Revenue: kr1.14b (flat on FY 2022). Net income: kr60.5m (down 42% from FY 2022). Profit margin: 5.3% (down from 9.0% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany.
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €8.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 42% over the past year.
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €8.24, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 39% over the past year.
Reported Earnings • Oct 28Third quarter 2023 earnings released: EPS: kr1.05 (vs kr2.17 in 3Q 2022)Third quarter 2023 results: EPS: kr1.05 (down from kr2.17 in 3Q 2022). Revenue: kr223.7m (down 5.1% from 3Q 2022). Net income: kr9.20m (down 51% from 3Q 2022). Profit margin: 4.1% (down from 7.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany.
Reported Earnings • Jul 21Second quarter 2023 earnings released: EPS: kr1.68 (vs kr2.97 in 2Q 2022)Second quarter 2023 results: EPS: kr1.68 (down from kr2.97 in 2Q 2022). Revenue: kr299.8m (up 3.6% from 2Q 2022). Net income: kr14.4m (down 44% from 2Q 2022). Profit margin: 4.8% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany.
New Risk • Jun 29New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.1m (US$99.3m) This is considered a minor 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: 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 (8.0% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (€91.1m market cap, or US$99.3m).
Recent Insider Transactions • Jun 06Chairman recently bought €56k worth of stockOn the 2nd of June, Sverre Bjerkeli bought around 5k shares on-market at roughly €11.12 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. Sverre has been a buyer over the last 12 months, purchasing a net total of €4.2m worth in shares.
Valuation Update With 7 Day Price Move • May 31Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €11.34, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in Germany. Total returns to shareholders of 14% over the past year.
Upcoming Dividend • May 04Upcoming dividend of kr8.00 per share at 5.8% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%).
Valuation Update With 7 Day Price Move • May 03Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €13.66, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the IT industry in Germany. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €24.75 per share.
Reported Earnings • Feb 18Full year 2022 earnings released: EPS: kr11.83 (vs kr5.32 in FY 2021)Full year 2022 results: EPS: kr11.83 (up from kr5.32 in FY 2021). Revenue: kr1.15b (up 25% from FY 2021). Net income: kr103.3m (up 128% from FY 2021). Profit margin: 9.0% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to €16.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Germany. Total returns to shareholders of 116% over the past year.
Recent Insider Transactions • Dec 01Insider recently sold €312k worth of stockOn the 23rd of November, Tommy Sarenbrant sold around 21k shares on-market at roughly €15.07 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €995k. Despite this recent sale, insiders have collectively bought €2.0m more than they sold in the last 12 months.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: kr2.17 (vs kr0.57 in 3Q 2021)Third quarter 2022 results: EPS: kr2.17 (up from kr0.57 in 3Q 2021). Revenue: kr235.9m (up 25% from 3Q 2021). Net income: kr18.7m (up 282% from 3Q 2021). Profit margin: 7.9% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the IT industry in Germany.
Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: kr2.97 (vs kr1.37 in 2Q 2021)Second quarter 2022 results: EPS: kr2.97 (up from kr1.37 in 2Q 2021). Revenue: kr289.7m (up 24% from 2Q 2021). Net income: kr25.5m (up 120% from 2Q 2021). Profit margin: 8.8% (up from 5.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.9%, compared to a 17% growth forecast for the industry in Germany.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to €10.70, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 100% over the past year.
Board Change • May 20High number of new directorsIndependent Director Leif Frykman was the last director to join the board, commencing their role in 2022.
Recent Insider Transactions • May 04Insider recently sold €303k worth of stockOn the 29th of April, Fredrik Blomgren sold around 24k shares on-market at roughly €12.80 per share. In the last 3 months, there was an even bigger sale from another insider worth €383k. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: kr3.38 (vs kr0.71 in 1Q 2021)First quarter 2022 results: EPS: kr3.38 (up from kr0.71 in 1Q 2021). Revenue: kr292.4m (up 28% from 1Q 2021). Net income: kr29.0m (up 392% from 1Q 2021). Profit margin: 9.9% (up from 2.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 20% growth forecast for the industry in Germany.
Recent Insider Transactions • Feb 23Insider recently sold €383k worth of stockOn the 21st of February, Tommy Sarenbrant sold around 42k shares on-market at roughly €9.11 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €714k more than they bought in the last 12 months.
Reported Earnings • Feb 21Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: kr5.32 (up from kr2.89 in FY 2020). Revenue: kr921.9m (up 8.3% from FY 2020). Net income: kr45.3m (up 98% from FY 2020). Profit margin: 4.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the industry in Germany.
Reported Earnings • Nov 11Third quarter 2021 earnings released: EPS kr0.57 (vs kr0.45 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr189.0m (up 16% from 3Q 2020). Net income: kr4.90m (up 32% from 3Q 2020). Profit margin: 2.6% (up from 2.3% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 29x in the IT industry in Germany.
Reported Earnings • Aug 25Second quarter 2021 earnings released: EPS kr1.37 (vs kr0.76 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr234.4m (up 7.2% from 2Q 2020). Net income: kr11.6m (up 97% from 2Q 2020). Profit margin: 4.9% (up from 2.7% in 2Q 2020). The increase in margin was driven by higher revenue.