View Past PerformanceCombinedX バランスシートの健全性財務の健全性 基準チェック /66CombinedXの総株主資本はSEK506.1M 、総負債はSEK93.1Mで、負債比率は18.4%となります。総資産と総負債はそれぞれSEK893.8MとSEK387.7Mです。 CombinedXの EBIT はSEK55.7Mで、利息カバレッジ比率16.9です。現金および短期投資はSEK62.7Mです。主要情報18.40%負債資本比率SEK 93.10m負債インタレスト・カバレッジ・レシオ16.9x現金SEK 62.70mエクイティSEK 506.10m負債合計SEK 387.70m総資産SEK 893.80m財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Christian Hellman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Feb 12CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026CombinedX AB (publ) announced Annual dividend of SEK 1.0000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.お知らせ • Nov 27CombinedX AB (publ), Annual General Meeting, May 06, 2026CombinedX AB (publ), Annual General Meeting, May 06, 2026.お知らせ • May 13CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS.CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS on May 12, 2025. As part of consideration, NOK 113.75 million, divided into one-third shares and two-thirds cash. The number of newly issued shares in CombinedX is 1,016,034 1 , which corresponds to a dilution of 5.3%. The shares received are subject to the sellers' lock-up until the end of 2027, which contains customary exceptions. In addition, the sellers may receive an annual additional purchase price of a maximum of NOK 18.75 million/year based on profit growth in 2025, 2026 and 2027, a total maximum of NOK 56.25 million. The sellers have committed to reinvest 20% of the additional purchase price paid in shares in CombinedX, however, a maximum of 2 million NOK per year, with a lock-up, which contains customary exceptions, until the end of 2027. The sellers consist of the founders of, and employees of, Align, all of whom are operational key personnel within Align, which ensures continuity and commitment to the continued operations. The acquisition is expected to contribute to an increase in CombinedX’s EBITA margin and earnings per share. CombinedX intends to raise SEK 35 million in new acquisition credits and finance the remaining cash from its own cash. The number of shares is calculated based on a volume-weighted average price 15 trading days prior to the day of signing the LOI on April 9, 2025, corresponding to 36.54 SEK/share, with deduction for the decided dividend of 1.40 SEK/share, and the average price of NOK/SEK during the same period, corresponding to 1.05 NOK/SEK. The expected completion of the transaction in May, 2025.お知らせ • Feb 14CombinedX AB (publ), Annual General Meeting, May 07, 2025CombinedX AB (publ), Annual General Meeting, May 07, 2025.Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: kr0.20 (vs kr0.84 in 3Q 2023)Third quarter 2024 results: EPS: kr0.20 (down from kr0.84 in 3Q 2023). Revenue: kr196.8m (up 28% from 3Q 2023). Net income: kr3.70m (down 74% from 3Q 2023). Profit margin: 1.9% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany.Reported Earnings • Jul 22Second quarter 2024 earnings released: EPS: kr0.56 (vs kr1.01 in 2Q 2023)Second quarter 2024 results: EPS: kr0.56 (down from kr1.01 in 2Q 2023). Revenue: kr251.9m (up 31% from 2Q 2023). Net income: kr10.2m (down 41% from 2Q 2023). Profit margin: 4.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 42% over the past year.Reported Earnings • May 08First quarter 2024 earnings released: EPS: kr1.02 (vs kr1.05 in 1Q 2023)First quarter 2024 results: EPS: kr1.02 (down from kr1.05 in 1Q 2023). Revenue: kr225.4m (up 7.7% from 1Q 2023). Net income: kr17.4m (down 2.8% from 1Q 2023). Profit margin: 7.7% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany.Upcoming Dividend • May 01Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%).New Risk • Apr 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (€86.1m market cap, or US$93.5m).Recent Insider Transactions • Feb 27Independent Chairman of the Board recently sold €929k worth of stockOn the 23rd of February, Niklas Hellberg sold around 250k shares on-market at roughly €3.72 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Niklas' only on-market trade for the last 12 months.Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr4.15 (vs kr2.13 in FY 2022)Full year 2023 results: EPS: kr4.15 (up from kr2.13 in FY 2022). Revenue: kr767.3m (up 18% from FY 2022). Net income: kr70.9m (up 101% from FY 2022). Profit margin: 9.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany.Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: kr0.84 (vs kr0.43 in 3Q 2022)Third quarter 2023 results: EPS: kr0.84 (up from kr0.43 in 3Q 2022). Revenue: kr154.0m (down 6.2% from 3Q 2022). Net income: kr14.4m (up 99% from 3Q 2022). Profit margin: 9.4% (up from 4.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany.Upcoming Dividend • Apr 28Upcoming dividend of kr1.05 per share at 2.9% yieldEligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.1%).Board Change • Feb 14No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 02No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 12CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million.CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million on January 10, 2023. The purchase price SEK 26 million to be paid in cash, SEK 5 million in new shares. To carry out set-off issue of 175,118 shares towards sellers of absfront. Of maximum purchase price, SEK 7.5 million is earn-out, deal to positively affect co's revenue, ebitda-margin in 2023.CombinedX AB (publ) (OM:CX) completed the acquisition of Absfront AB for SEK 38.5 million on January 10, 2023.Board Change • Nov 21No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.財務状況分析短期負債: K13の 短期資産 ( SEK398.4M ) が 短期負債 ( SEK257.0M ) を超えています。長期負債: K13の短期資産 ( SEK398.4M ) が 長期負債 ( SEK130.7M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: K13の 純負債対資本比率 ( 6% ) は 満足できる 水準であると考えられます。負債の削減: K13の負債対資本比率は、過去 5 年間で32.7%から18.4%に減少しました。債務返済能力: K13の負債は 営業キャッシュフロー によって 十分にカバー されています ( 108.5% )。インタレストカバレッジ: K13の負債に対する 利息支払い は EBIT ( 16.9 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend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2026/05/21 10:53終値2026/05/21 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CombinedX AB (publ) 1 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。1 アナリスト機関Fredrik NilssonRedeye
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Christian Hellman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 12CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026CombinedX AB (publ) announced Annual dividend of SEK 1.0000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.
お知らせ • Nov 27CombinedX AB (publ), Annual General Meeting, May 06, 2026CombinedX AB (publ), Annual General Meeting, May 06, 2026.
お知らせ • May 13CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS.CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS on May 12, 2025. As part of consideration, NOK 113.75 million, divided into one-third shares and two-thirds cash. The number of newly issued shares in CombinedX is 1,016,034 1 , which corresponds to a dilution of 5.3%. The shares received are subject to the sellers' lock-up until the end of 2027, which contains customary exceptions. In addition, the sellers may receive an annual additional purchase price of a maximum of NOK 18.75 million/year based on profit growth in 2025, 2026 and 2027, a total maximum of NOK 56.25 million. The sellers have committed to reinvest 20% of the additional purchase price paid in shares in CombinedX, however, a maximum of 2 million NOK per year, with a lock-up, which contains customary exceptions, until the end of 2027. The sellers consist of the founders of, and employees of, Align, all of whom are operational key personnel within Align, which ensures continuity and commitment to the continued operations. The acquisition is expected to contribute to an increase in CombinedX’s EBITA margin and earnings per share. CombinedX intends to raise SEK 35 million in new acquisition credits and finance the remaining cash from its own cash. The number of shares is calculated based on a volume-weighted average price 15 trading days prior to the day of signing the LOI on April 9, 2025, corresponding to 36.54 SEK/share, with deduction for the decided dividend of 1.40 SEK/share, and the average price of NOK/SEK during the same period, corresponding to 1.05 NOK/SEK. The expected completion of the transaction in May, 2025.
お知らせ • Feb 14CombinedX AB (publ), Annual General Meeting, May 07, 2025CombinedX AB (publ), Annual General Meeting, May 07, 2025.
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: kr0.20 (vs kr0.84 in 3Q 2023)Third quarter 2024 results: EPS: kr0.20 (down from kr0.84 in 3Q 2023). Revenue: kr196.8m (up 28% from 3Q 2023). Net income: kr3.70m (down 74% from 3Q 2023). Profit margin: 1.9% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany.
Reported Earnings • Jul 22Second quarter 2024 earnings released: EPS: kr0.56 (vs kr1.01 in 2Q 2023)Second quarter 2024 results: EPS: kr0.56 (down from kr1.01 in 2Q 2023). Revenue: kr251.9m (up 31% from 2Q 2023). Net income: kr10.2m (down 41% from 2Q 2023). Profit margin: 4.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €3.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 42% over the past year.
Reported Earnings • May 08First quarter 2024 earnings released: EPS: kr1.02 (vs kr1.05 in 1Q 2023)First quarter 2024 results: EPS: kr1.02 (down from kr1.05 in 1Q 2023). Revenue: kr225.4m (up 7.7% from 1Q 2023). Net income: kr17.4m (down 2.8% from 1Q 2023). Profit margin: 7.7% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany.
Upcoming Dividend • May 01Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%).
New Risk • Apr 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (€86.1m market cap, or US$93.5m).
Recent Insider Transactions • Feb 27Independent Chairman of the Board recently sold €929k worth of stockOn the 23rd of February, Niklas Hellberg sold around 250k shares on-market at roughly €3.72 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Niklas' only on-market trade for the last 12 months.
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: kr4.15 (vs kr2.13 in FY 2022)Full year 2023 results: EPS: kr4.15 (up from kr2.13 in FY 2022). Revenue: kr767.3m (up 18% from FY 2022). Net income: kr70.9m (up 101% from FY 2022). Profit margin: 9.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany.
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: kr0.84 (vs kr0.43 in 3Q 2022)Third quarter 2023 results: EPS: kr0.84 (up from kr0.43 in 3Q 2022). Revenue: kr154.0m (down 6.2% from 3Q 2022). Net income: kr14.4m (up 99% from 3Q 2022). Profit margin: 9.4% (up from 4.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany.
Upcoming Dividend • Apr 28Upcoming dividend of kr1.05 per share at 2.9% yieldEligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.1%).
Board Change • Feb 14No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 02No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 12CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million.CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million on January 10, 2023. The purchase price SEK 26 million to be paid in cash, SEK 5 million in new shares. To carry out set-off issue of 175,118 shares towards sellers of absfront. Of maximum purchase price, SEK 7.5 million is earn-out, deal to positively affect co's revenue, ebitda-margin in 2023.CombinedX AB (publ) (OM:CX) completed the acquisition of Absfront AB for SEK 38.5 million on January 10, 2023.
Board Change • Nov 21No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.