View Past PerformanceSeamless Distribution Systems バランスシートの健全性財務の健全性 基準チェック /36Seamless Distribution Systemsの総株主資本はSEK30.4M 、総負債はSEK0.0で、負債比率は0%となります。総資産と総負債はそれぞれSEK392.2MとSEK361.7Mです。主要情報0%負債資本比率SEK 0負債インタレスト・カバレッジ・レシオn/a現金SEK 14.30mエクイティSEK 30.44m負債合計SEK 361.73m総資産SEK 392.16m財務の健全性に関する最新情報分析記事 • May 17Health Check: How Prudently Does Seamless Distribution Systems (NGM:SDS) Use Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 27Seamless Distribution Systems (NGM:SDS) Seems To Be Using A Lot Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Sep 09Here's Why Seamless Distribution Systems (NGM:SDS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • May 12Is Seamless Distribution Systems (NGM:SDS) Using Debt Sensibly?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Feb 11Is Seamless Distribution Systems (NGM:SDS) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Oct 27Is Seamless Distribution Systems (STO:SDS) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...すべての更新を表示Recent updatesお知らせ • Feb 20+ 4 more updatesSeamless Distribution Systems AB (publ) to Report Fiscal Year 2025 Final Results on Apr 30, 2026Seamless Distribution Systems AB (publ) announced that they will report fiscal year 2025 final results on Apr 30, 2026分析記事 • Jan 14Seamless Distribution Systems AB (publ)'s (NGM:SDS) Price Is Right But Growth Is Lacking After Shares Rocket 29%Despite an already strong run, Seamless Distribution Systems AB (publ) ( NGM:SDS ) shares have been powering on, with a...分析記事 • Nov 06Why Investors Shouldn't Be Surprised By Seamless Distribution Systems AB (publ)'s (NGM:SDS) 27% Share Price PlungeSeamless Distribution Systems AB (publ) ( NGM:SDS ) shareholders won't be pleased to see that the share price has had a...分析記事 • Jul 15Seamless Distribution Systems (NGM:SDS) Will Be Hoping To Turn Its Returns On Capital AroundThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...分析記事 • May 17Health Check: How Prudently Does Seamless Distribution Systems (NGM:SDS) Use Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Mar 14Seamless Distribution Systems AB (publ) (NGM:SDS) Stock Catapults 28% Though Its Price And Business Still Lag The IndustrySeamless Distribution Systems AB (publ) ( NGM:SDS ) shareholders would be excited to see that the share price has had a...分析記事 • Feb 12Return Trends At Seamless Distribution Systems (NGM:SDS) Aren't AppealingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Dec 27Seamless Distribution Systems (NGM:SDS) Seems To Be Using A Lot Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Nov 20Lacklustre Performance Is Driving Seamless Distribution Systems AB (publ)'s (NGM:SDS) Low P/SYou may think that with a price-to-sales (or "P/S") ratio of 0.4x Seamless Distribution Systems AB (publ) ( NGM:SDS...Recent Insider Transactions • Oct 27Independent Chairman recently bought kr1.0m worth of stockOn the 22nd of October, Martin Roos bought around 143k shares on-market at roughly kr7.00 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr1.6m worth in shares.分析記事 • Oct 15Seamless Distribution Systems (NGM:SDS) Will Want To Turn Around Its Return TrendsTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...New Risk • Sep 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr107.5m market cap, or US$10.6m).分析記事 • Sep 09Here's Why Seamless Distribution Systems (NGM:SDS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...分析記事 • Aug 05Seamless Distribution Systems AB (publ)'s (NGM:SDS) Share Price Boosted 29% But Its Business Prospects Need A Lift TooSeamless Distribution Systems AB (publ) ( NGM:SDS ) shareholders would be excited to see that the share price has had a...Recent Insider Transactions • Jul 31Independent Chairman recently bought kr105k worth of stockOn the 29th of July, Martin Roos bought around 18k shares on-market at roughly kr6.01 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr963k worth in shares.分析記事 • Jul 14Some Investors May Be Worried About Seamless Distribution Systems' (NGM:SDS) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...分析記事 • Jun 08Seamless Distribution Systems AB (publ) (NGM:SDS) Held Back By Insufficient Growth Even After Shares Climb 30%Those holding Seamless Distribution Systems AB (publ) ( NGM:SDS ) shares would be relieved that the share price has...Recent Insider Transactions • May 26Independent Chairman recently bought kr71k worth of stockOn the 22nd of May, Martin Roos bought around 11k shares on-market at roughly kr6.48 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr742k worth in shares.分析記事 • May 12Is Seamless Distribution Systems (NGM:SDS) Using Debt Sensibly?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Board Change • May 01Insufficient 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. No highly experienced directors. Independent Director Morten Sorby was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr33m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (kr117.5m market cap, or US$11.0m).New Risk • Apr 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr102.1m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr33m free cash flow). Market cap is less than US$10m (kr102.1m market cap, or US$9.59m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding).分析記事 • Mar 05Seamless Distribution Systems AB (publ) (NGM:SDS) Shares Fly 29% But Investors Aren't Buying For GrowthSeamless Distribution Systems AB (publ) ( NGM:SDS ) shares have had a really impressive month, gaining 29% after a...Recent Insider Transactions • Feb 25Independent Chairman recently bought kr53k worth of stockOn the 22nd of February, Martin Roos bought around 7k shares on-market at roughly kr7.47 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr826k worth in shares.分析記事 • Feb 11Is Seamless Distribution Systems (NGM:SDS) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...New Risk • Feb 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr102.1m (US$9.80m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Market cap is less than US$10m (kr102.1m market cap, or US$9.80m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding).分析記事 • Dec 20Many Still Looking Away From Seamless Distribution Systems AB (publ) (STO:SDS)You may think that with a price-to-sales (or "P/S") ratio of 0.5x Seamless Distribution Systems AB (publ) ( STO:SDS...New Risk • Dec 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr103.6m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (kr103.6m market cap, or US$9.91m). Minor Risk Shareholders have been diluted in the past year (48% increase in shares outstanding).分析記事 • Oct 27Is Seamless Distribution Systems (STO:SDS) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Oct 22Third quarter 2023 earnings: Revenues miss analyst expectationsThird quarter 2023 results: Revenue: kr73.4m (down 3.4% from 3Q 2022). Net loss: kr8.31m (down kr8.45m from profit in 3Q 2022). Revenue missed analyst estimates by 7.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Oct 02Independent Chairman recently bought kr500k worth of stockOn the 28th of September, Martin Roos bought around 66k shares on-market at roughly kr7.55 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr658k worth in shares.お知らせ • Sep 29Seamless Distribution Systems AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 20.00001 million.Seamless Distribution Systems AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 20.00001 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,649,008 Price\Range: SEK 7.55 Transaction Features: Subsequent Direct ListingNew Risk • Aug 29New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr24m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (kr101.0m market cap, or US$9.25m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (kr103.0m market cap, or US$9.60m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr24m). Shareholders have been diluted in the past year (22% increase in shares outstanding).Reported Earnings • Jul 23Second quarter 2023 earnings: Revenues exceed analyst expectationsSecond quarter 2023 results: Revenue: kr80.1m (up 16% from 2Q 2022). Net income: kr106.0k (up kr1.88m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.分析記事 • Jun 02Does Seamless Distribution Systems (STO:SDS) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • May 21First quarter 2023 earnings: Revenues exceed analyst expectationsFirst quarter 2023 results: Revenue: kr70.9m (up 13% from 1Q 2022). Net loss: kr4.80m (loss narrowed 40% from 1Q 2022). Revenue exceeded analyst estimates by 10%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.お知らせ • May 12Seamless Distribution Systems Announces CEO ChangesSeamless Distribution Systems announced that Eddy Cojulun has been appointed as the company's new CEO. Eddy has more than 25 years of experience in technology and telecom, among other things, as an entrepreneur who has started, built, and sold telecom-focused software companies, including ICON Americas which was sold to Ericsson in 2015. Eddy has also worked as a CIO at Telefonica in El Salvador and as a global head of sales and delivery of IT software development at Ericsson. In recent years, Eddy has served as a Chief Sales Officer at Envirotainer until the company was successfully sold new owners after a period of strong growth. Eddy will assume his new position on June 1, 2023. Eddy takes over from Martin Schedin, who is stepping down after one year of service as interim CEO. Martin will continue in his role as CFO of the company, which he has held concurrently with the interim CEO role for one year.Recent Insider Transactions • Apr 09Independent Director recently bought kr821k worth of stockOn the 6th of April, Martin Roos bought around 95k shares on-market at roughly kr8.62 per share. This transaction amounted to 27% 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 kr1.3m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Mar 29Independent Director recently bought kr525k worth of stockOn the 24th of March, Martin Roos bought around 5k shares on-market at roughly kr105 per share. This transaction amounted to 1.5% 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 kr949k more in shares than they have sold in the last 12 months.Major Estimate Revision • Mar 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr309.0m to kr272.0m. Forecast loss of -kr1.10, down from profit of kr0.60 per share profit previously. Software industry in Sweden expected to see average net income growth of 44% next year. Consensus price target down from kr52.00 to kr21.00. Share price rose 18% to kr8.88 over the past week.分析記事 • Mar 04One Seamless Distribution Systems AB (publ) (STO:SDS) Analyst Has Been Cutting Their ForecastsToday is shaping up negative for Seamless Distribution Systems AB (publ) ( STO:SDS ) shareholders, with the covering...お知らせ • Feb 09Seamless Distribution Systems AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023Seamless Distribution Systems AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023分析記事 • Dec 22Is Seamless Distribution Systems (STO:SDS) Weighed On By Its Debt Load?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Price Target Changed • Nov 16Price target decreased to kr52.00Down from kr58.00, the current price target is provided by 1 analyst. New target price is 142% above last closing price of kr21.50. Stock is down 56% over the past year. The company is forecast to post a net loss per share of kr0.80 compared to earnings per share of kr0.62 last year.Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Martin Roos is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 24Third quarter 2022 earnings: Revenues exceed analyst expectationsThird quarter 2022 results: Revenue: kr90.6m (up 15% from 3Q 2021). Net income: kr145.0k (down 92% from 3Q 2021). Profit margin: 0.2% (down from 2.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.Buying Opportunity • Oct 17Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be kr27.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings is forecast to grow by 78% in the next year.Buying Opportunity • Aug 05Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be kr32.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings is forecast to grow by 78% in the next year.分析記事 • Jul 27Seamless Distribution Systems (STO:SDS) May Have Issues Allocating Its CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...Reported Earnings • Jul 22Second quarter 2022 earnings: Revenues miss analyst expectationsSecond quarter 2022 results: Revenue: kr77.8m (up 13% from 2Q 2021). Net loss: kr1.77m (loss narrowed 63% from 2Q 2021). Revenue missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 7.9%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Jun 07Independent Director recently bought kr222k worth of stockOn the 3rd of June, Martin Roos bought around 7k shares on-market at roughly kr31.34 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr420k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Apr 30Independent Director recently bought kr50k worth of stockOn the 25th of April, Martin Roos bought around 1k shares on-market at roughly kr35.85 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr88k. Insiders have collectively bought kr197k more in shares than they have sold in the last 12 months.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: kr0.80 loss per share (down from kr0.40 profit in 1Q 2021). Revenue: kr63.1m (up 2.6% from 1Q 2021). Net loss: kr7.93m (down 321% from profit in 1Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 8.2%, compared to a 18% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentThere are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Martin Roos is the most experienced director on the board, commencing their role in 2019. Independent Director Pia Hofstedt 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 experienced directors.Reported Earnings • Apr 22First quarter 2022 earnings: Revenues miss analyst expectationsFirst quarter 2022 results: Revenue: kr68.4m (up 11% from 1Q 2021). Net loss: kr7.93m (down 321% from profit in 1Q 2021). Revenue missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr41.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the IT industry in Sweden. Total returns to shareholders of 66% over the past three years.Major Estimate Revision • Feb 24Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr351.0m to kr332.0m. EPS estimate also fell from kr1.72 per share to kr1.45 per share. Net income forecast to grow 132% next year vs 16% growth forecast for IT industry in Sweden. Consensus price target down from kr80.00 to kr68.00. Share price fell 9.9% to kr36.95 over the past week.分析記事 • Feb 20Earnings Beat: Seamless Distribution Systems AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsShareholders might have noticed that Seamless Distribution Systems AB (publ) ( STO:SDS ) filed its yearly result this...Recent Insider Transactions • Feb 19Director recently bought kr88k worth of stockOn the 17th of February, Johan Wilsby bought around 2k shares on-market at roughly kr44.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr5.4m more in shares than they have sold in the last 12 months.Reported Earnings • Feb 18Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: kr0.61 (down from kr1.50 in FY 2020). Revenue: kr303.4m (up 2.6% from FY 2020). Net income: kr6.02m (down 52% from FY 2020). Profit margin: 2.0% (down from 4.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 68%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Reported Earnings • Oct 22Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: kr81.5m (up 19% from 3Q 2020). Net income: kr1.86m (up 2.8% from 3Q 2020). Profit margin: 2.3% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Sep 22Insider recently sold kr115k worth of stockOn the 13th of September, Rutger Reman sold around 3k shares on-market at roughly kr46.15 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr5.4m more than they sold in the last 12 months.Recent Insider Transactions • Aug 27Independent Director recently bought kr174k worth of stockOn the 24th of August, Pia Hofstedt bought around 4k shares on-market at roughly kr43.55 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr5.5m more in shares than they have sold in the last 12 months.Reported Earnings • Jul 23Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr72.1m (up 1.6% from 2Q 2020). Net loss: kr4.84m (down 194% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.分析記事 • May 06Is Seamless Distribution Systems (STO:SDS) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Apr 25First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr64.5m (down 24% from 1Q 2020). Net income: kr3.59m (up 8.8% from 1Q 2020). Profit margin: 5.6% (up from 3.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to kr48.60, the stock trades at a trailing P/E ratio of 32.4x. Average forward P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 227% over the past three years.Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improved over the past weekAfter last week's 19% share price gain to kr55.40, the stock trades at a trailing P/E ratio of 36.9x. Average forward P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 399% over the past three years.Recent Insider Transactions • Mar 22Independent Director recently bought kr5.3m worth of stockOn the 19th of March, Tomas Klevbo bought around 108k shares on-market at roughly kr49.16 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.分析記事 • Mar 08Do Seamless Distribution Systems's (STO:SDS) Earnings Warrant Your Attention?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to kr36.80, the stock is trading at a trailing P/E ratio of 22.4x, down from the previous P/E ratio of 28.1x. This compares to an average P/E of 26x in the IT industry in Sweden. Total returns to shareholders over the past three years are 259%.Is New 90 Day High Low • Feb 22New 90-day low: kr38.50The company is down 23% from its price of kr49.70 on 24 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 13% over the same period.分析記事 • Feb 09Should Weakness in Seamless Distribution Systems AB (publ)'s (STO:SDS) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?With its stock down 21% over the past three months, it is easy to disregard Seamless Distribution Systems (STO:SDS...分析記事 • Jan 22Have Insiders Been Buying Seamless Distribution Systems AB (publ) (STO:SDS) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...Is New 90 Day High Low • Jan 18New 90-day low: kr41.30The company is down 36% from its price of kr64.80 on 20 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 17% over the same period.分析記事 • Jan 05We Wouldn't Rely On Seamless Distribution Systems's (STO:SDS) Statutory Earnings As A GuideStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...Is New 90 Day High Low • Dec 30New 90-day low: kr45.80The company is down 14% from its price of kr53.00 on 01 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 19% over the same period.分析記事 • Dec 18Seamless Distribution Systems (STO:SDS) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Dec 03Here's Why I Think Seamless Distribution Systems (STO:SDS) Is An Interesting StockLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of kr13.2m, up 24% from the prior year. Total revenue was kr306.9m over the last 12 months, up 47% from the prior year.Valuation Update With 7 Day Price Move • Oct 14Market bids up stock over the past weekAfter last week's 23% share price gain to kr58.80, the stock is trading at a trailing P/E ratio of 30.8x, up from the previous P/E ratio of 25.1x. This compares to an average P/E of 26x in the IT industry in Sweden. Total returns to shareholders over the past three years are 218%.Is New 90 Day High Low • Oct 14New 90-day high: kr58.80The company is up 97% from its price of kr29.90 on 16 July 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 20% over the same period.Is New 90 Day High Low • Sep 22New 90-day high: kr51.00The company is up 82% from its price of kr28.00 on 24 June 2020. The Swedish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 29% over the same period.財務状況分析短期負債: SDSの 短期資産 ( SEK227.4M ) が 短期負債 ( SEK108.9M ) を超えています。長期負債: SDSの短期資産 ( SEK227.4M ) は 長期負債 ( SEK252.9M ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: SDSは負債がありません。負債の削減: SDS負債比率が64.2%であった 5 年前と比べて負債がありません。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: SDSは、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: フリーキャッシュフローが毎年13.3 % の歴史的率で成長し続ける場合、 SDSのキャッシュランウェイは 1 年未満になります。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 15:10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Seamless Distribution Systems AB (publ) 0 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。2 アナリスト機関Forbes GoldmanRedeyeAnton HoofRedeye
分析記事 • May 17Health Check: How Prudently Does Seamless Distribution Systems (NGM:SDS) Use Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 27Seamless Distribution Systems (NGM:SDS) Seems To Be Using A Lot Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Sep 09Here's Why Seamless Distribution Systems (NGM:SDS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • May 12Is Seamless Distribution Systems (NGM:SDS) Using Debt Sensibly?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Feb 11Is Seamless Distribution Systems (NGM:SDS) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Oct 27Is Seamless Distribution Systems (STO:SDS) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Feb 20+ 4 more updatesSeamless Distribution Systems AB (publ) to Report Fiscal Year 2025 Final Results on Apr 30, 2026Seamless Distribution Systems AB (publ) announced that they will report fiscal year 2025 final results on Apr 30, 2026
分析記事 • Jan 14Seamless Distribution Systems AB (publ)'s (NGM:SDS) Price Is Right But Growth Is Lacking After Shares Rocket 29%Despite an already strong run, Seamless Distribution Systems AB (publ) ( NGM:SDS ) shares have been powering on, with a...
分析記事 • Nov 06Why Investors Shouldn't Be Surprised By Seamless Distribution Systems AB (publ)'s (NGM:SDS) 27% Share Price PlungeSeamless Distribution Systems AB (publ) ( NGM:SDS ) shareholders won't be pleased to see that the share price has had a...
分析記事 • Jul 15Seamless Distribution Systems (NGM:SDS) Will Be Hoping To Turn Its Returns On Capital AroundThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
分析記事 • May 17Health Check: How Prudently Does Seamless Distribution Systems (NGM:SDS) Use Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Mar 14Seamless Distribution Systems AB (publ) (NGM:SDS) Stock Catapults 28% Though Its Price And Business Still Lag The IndustrySeamless Distribution Systems AB (publ) ( NGM:SDS ) shareholders would be excited to see that the share price has had a...
分析記事 • Feb 12Return Trends At Seamless Distribution Systems (NGM:SDS) Aren't AppealingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Dec 27Seamless Distribution Systems (NGM:SDS) Seems To Be Using A Lot Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Nov 20Lacklustre Performance Is Driving Seamless Distribution Systems AB (publ)'s (NGM:SDS) Low P/SYou may think that with a price-to-sales (or "P/S") ratio of 0.4x Seamless Distribution Systems AB (publ) ( NGM:SDS...
Recent Insider Transactions • Oct 27Independent Chairman recently bought kr1.0m worth of stockOn the 22nd of October, Martin Roos bought around 143k shares on-market at roughly kr7.00 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr1.6m worth in shares.
分析記事 • Oct 15Seamless Distribution Systems (NGM:SDS) Will Want To Turn Around Its Return TrendsTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
New Risk • Sep 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (kr107.5m market cap, or US$10.6m).
分析記事 • Sep 09Here's Why Seamless Distribution Systems (NGM:SDS) Is Weighed Down By Its Debt LoadWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
分析記事 • Aug 05Seamless Distribution Systems AB (publ)'s (NGM:SDS) Share Price Boosted 29% But Its Business Prospects Need A Lift TooSeamless Distribution Systems AB (publ) ( NGM:SDS ) shareholders would be excited to see that the share price has had a...
Recent Insider Transactions • Jul 31Independent Chairman recently bought kr105k worth of stockOn the 29th of July, Martin Roos bought around 18k shares on-market at roughly kr6.01 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr963k worth in shares.
分析記事 • Jul 14Some Investors May Be Worried About Seamless Distribution Systems' (NGM:SDS) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
分析記事 • Jun 08Seamless Distribution Systems AB (publ) (NGM:SDS) Held Back By Insufficient Growth Even After Shares Climb 30%Those holding Seamless Distribution Systems AB (publ) ( NGM:SDS ) shares would be relieved that the share price has...
Recent Insider Transactions • May 26Independent Chairman recently bought kr71k worth of stockOn the 22nd of May, Martin Roos bought around 11k shares on-market at roughly kr6.48 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr742k worth in shares.
分析記事 • May 12Is Seamless Distribution Systems (NGM:SDS) Using Debt Sensibly?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Board Change • May 01Insufficient 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. No highly experienced directors. Independent Director Morten Sorby was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Apr 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr33m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (48% increase in shares outstanding). Market cap is less than US$100m (kr117.5m market cap, or US$11.0m).
New Risk • Apr 07New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr102.1m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr33m free cash flow). Market cap is less than US$10m (kr102.1m market cap, or US$9.59m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding).
分析記事 • Mar 05Seamless Distribution Systems AB (publ) (NGM:SDS) Shares Fly 29% But Investors Aren't Buying For GrowthSeamless Distribution Systems AB (publ) ( NGM:SDS ) shares have had a really impressive month, gaining 29% after a...
Recent Insider Transactions • Feb 25Independent Chairman recently bought kr53k worth of stockOn the 22nd of February, Martin Roos bought around 7k shares on-market at roughly kr7.47 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr826k worth in shares.
分析記事 • Feb 11Is Seamless Distribution Systems (NGM:SDS) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
New Risk • Feb 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr102.1m (US$9.80m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Market cap is less than US$10m (kr102.1m market cap, or US$9.80m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding).
分析記事 • Dec 20Many Still Looking Away From Seamless Distribution Systems AB (publ) (STO:SDS)You may think that with a price-to-sales (or "P/S") ratio of 0.5x Seamless Distribution Systems AB (publ) ( STO:SDS...
New Risk • Dec 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr103.6m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (kr103.6m market cap, or US$9.91m). Minor Risk Shareholders have been diluted in the past year (48% increase in shares outstanding).
分析記事 • Oct 27Is Seamless Distribution Systems (STO:SDS) Using Debt Sensibly?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Oct 22Third quarter 2023 earnings: Revenues miss analyst expectationsThird quarter 2023 results: Revenue: kr73.4m (down 3.4% from 3Q 2022). Net loss: kr8.31m (down kr8.45m from profit in 3Q 2022). Revenue missed analyst estimates by 7.0%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Oct 02Independent Chairman recently bought kr500k worth of stockOn the 28th of September, Martin Roos bought around 66k shares on-market at roughly kr7.55 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Martin has been a buyer over the last 12 months, purchasing a net total of kr658k worth in shares.
お知らせ • Sep 29Seamless Distribution Systems AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 20.00001 million.Seamless Distribution Systems AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 20.00001 million. Security Name: Shares Security Type: Common Stock Securities Offered: 2,649,008 Price\Range: SEK 7.55 Transaction Features: Subsequent Direct Listing
New Risk • Aug 29New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr24m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr24m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (kr101.0m market cap, or US$9.25m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).
New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (kr103.0m market cap, or US$9.60m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr24m). Shareholders have been diluted in the past year (22% increase in shares outstanding).
Reported Earnings • Jul 23Second quarter 2023 earnings: Revenues exceed analyst expectationsSecond quarter 2023 results: Revenue: kr80.1m (up 16% from 2Q 2022). Net income: kr106.0k (up kr1.88m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
分析記事 • Jun 02Does Seamless Distribution Systems (STO:SDS) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • May 21First quarter 2023 earnings: Revenues exceed analyst expectationsFirst quarter 2023 results: Revenue: kr70.9m (up 13% from 1Q 2022). Net loss: kr4.80m (loss narrowed 40% from 1Q 2022). Revenue exceeded analyst estimates by 10%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.
お知らせ • May 12Seamless Distribution Systems Announces CEO ChangesSeamless Distribution Systems announced that Eddy Cojulun has been appointed as the company's new CEO. Eddy has more than 25 years of experience in technology and telecom, among other things, as an entrepreneur who has started, built, and sold telecom-focused software companies, including ICON Americas which was sold to Ericsson in 2015. Eddy has also worked as a CIO at Telefonica in El Salvador and as a global head of sales and delivery of IT software development at Ericsson. In recent years, Eddy has served as a Chief Sales Officer at Envirotainer until the company was successfully sold new owners after a period of strong growth. Eddy will assume his new position on June 1, 2023. Eddy takes over from Martin Schedin, who is stepping down after one year of service as interim CEO. Martin will continue in his role as CFO of the company, which he has held concurrently with the interim CEO role for one year.
Recent Insider Transactions • Apr 09Independent Director recently bought kr821k worth of stockOn the 6th of April, Martin Roos bought around 95k shares on-market at roughly kr8.62 per share. This transaction amounted to 27% 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 kr1.3m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Mar 29Independent Director recently bought kr525k worth of stockOn the 24th of March, Martin Roos bought around 5k shares on-market at roughly kr105 per share. This transaction amounted to 1.5% 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 kr949k more in shares than they have sold in the last 12 months.
Major Estimate Revision • Mar 04Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr309.0m to kr272.0m. Forecast loss of -kr1.10, down from profit of kr0.60 per share profit previously. Software industry in Sweden expected to see average net income growth of 44% next year. Consensus price target down from kr52.00 to kr21.00. Share price rose 18% to kr8.88 over the past week.
分析記事 • Mar 04One Seamless Distribution Systems AB (publ) (STO:SDS) Analyst Has Been Cutting Their ForecastsToday is shaping up negative for Seamless Distribution Systems AB (publ) ( STO:SDS ) shareholders, with the covering...
お知らせ • Feb 09Seamless Distribution Systems AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023Seamless Distribution Systems AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023
分析記事 • Dec 22Is Seamless Distribution Systems (STO:SDS) Weighed On By Its Debt Load?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Price Target Changed • Nov 16Price target decreased to kr52.00Down from kr58.00, the current price target is provided by 1 analyst. New target price is 142% above last closing price of kr21.50. Stock is down 56% over the past year. The company is forecast to post a net loss per share of kr0.80 compared to earnings per share of kr0.62 last year.
Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Martin Roos is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 24Third quarter 2022 earnings: Revenues exceed analyst expectationsThird quarter 2022 results: Revenue: kr90.6m (up 15% from 3Q 2021). Net income: kr145.0k (down 92% from 3Q 2021). Profit margin: 0.2% (down from 2.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Oct 17Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 36%. The fair value is estimated to be kr27.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings is forecast to grow by 78% in the next year.
Buying Opportunity • Aug 05Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be kr32.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.3% in a year. Earnings is forecast to grow by 78% in the next year.
分析記事 • Jul 27Seamless Distribution Systems (STO:SDS) May Have Issues Allocating Its CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Reported Earnings • Jul 22Second quarter 2022 earnings: Revenues miss analyst expectationsSecond quarter 2022 results: Revenue: kr77.8m (up 13% from 2Q 2021). Net loss: kr1.77m (loss narrowed 63% from 2Q 2021). Revenue missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 7.9%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Jun 07Independent Director recently bought kr222k worth of stockOn the 3rd of June, Martin Roos bought around 7k shares on-market at roughly kr31.34 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr420k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Apr 30Independent Director recently bought kr50k worth of stockOn the 25th of April, Martin Roos bought around 1k shares on-market at roughly kr35.85 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr88k. Insiders have collectively bought kr197k more in shares than they have sold in the last 12 months.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: kr0.80 loss per share (down from kr0.40 profit in 1Q 2021). Revenue: kr63.1m (up 2.6% from 1Q 2021). Net loss: kr7.93m (down 321% from profit in 1Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 8.2%, compared to a 18% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentThere are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Martin Roos is the most experienced director on the board, commencing their role in 2019. Independent Director Pia Hofstedt 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 experienced directors.
Reported Earnings • Apr 22First quarter 2022 earnings: Revenues miss analyst expectationsFirst quarter 2022 results: Revenue: kr68.4m (up 11% from 1Q 2021). Net loss: kr7.93m (down 321% from profit in 1Q 2021). Revenue missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 17%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to kr41.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the IT industry in Sweden. Total returns to shareholders of 66% over the past three years.
Major Estimate Revision • Feb 24Consensus EPS estimates fall by 16%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr351.0m to kr332.0m. EPS estimate also fell from kr1.72 per share to kr1.45 per share. Net income forecast to grow 132% next year vs 16% growth forecast for IT industry in Sweden. Consensus price target down from kr80.00 to kr68.00. Share price fell 9.9% to kr36.95 over the past week.
分析記事 • Feb 20Earnings Beat: Seamless Distribution Systems AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsShareholders might have noticed that Seamless Distribution Systems AB (publ) ( STO:SDS ) filed its yearly result this...
Recent Insider Transactions • Feb 19Director recently bought kr88k worth of stockOn the 17th of February, Johan Wilsby bought around 2k shares on-market at roughly kr44.00 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr5.4m more in shares than they have sold in the last 12 months.
Reported Earnings • Feb 18Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: kr0.61 (down from kr1.50 in FY 2020). Revenue: kr303.4m (up 2.6% from FY 2020). Net income: kr6.02m (down 52% from FY 2020). Profit margin: 2.0% (down from 4.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 68%. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 22Third quarter 2021 earnings releasedThe company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: kr81.5m (up 19% from 3Q 2020). Net income: kr1.86m (up 2.8% from 3Q 2020). Profit margin: 2.3% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Sep 22Insider recently sold kr115k worth of stockOn the 13th of September, Rutger Reman sold around 3k shares on-market at roughly kr46.15 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr5.4m more than they sold in the last 12 months.
Recent Insider Transactions • Aug 27Independent Director recently bought kr174k worth of stockOn the 24th of August, Pia Hofstedt bought around 4k shares on-market at roughly kr43.55 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr5.5m more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 23Second quarter 2021 earnings releasedThe company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr72.1m (up 1.6% from 2Q 2020). Net loss: kr4.84m (down 194% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.
分析記事 • May 06Is Seamless Distribution Systems (STO:SDS) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Apr 25First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr64.5m (down 24% from 1Q 2020). Net income: kr3.59m (up 8.8% from 1Q 2020). Profit margin: 5.6% (up from 3.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to kr48.60, the stock trades at a trailing P/E ratio of 32.4x. Average forward P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 227% over the past three years.
Valuation Update With 7 Day Price Move • Mar 30Investor sentiment improved over the past weekAfter last week's 19% share price gain to kr55.40, the stock trades at a trailing P/E ratio of 36.9x. Average forward P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 399% over the past three years.
Recent Insider Transactions • Mar 22Independent Director recently bought kr5.3m worth of stockOn the 19th of March, Tomas Klevbo bought around 108k shares on-market at roughly kr49.16 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
分析記事 • Mar 08Do Seamless Distribution Systems's (STO:SDS) Earnings Warrant Your Attention?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to kr36.80, the stock is trading at a trailing P/E ratio of 22.4x, down from the previous P/E ratio of 28.1x. This compares to an average P/E of 26x in the IT industry in Sweden. Total returns to shareholders over the past three years are 259%.
Is New 90 Day High Low • Feb 22New 90-day low: kr38.50The company is down 23% from its price of kr49.70 on 24 November 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 13% over the same period.
分析記事 • Feb 09Should Weakness in Seamless Distribution Systems AB (publ)'s (STO:SDS) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?With its stock down 21% over the past three months, it is easy to disregard Seamless Distribution Systems (STO:SDS...
分析記事 • Jan 22Have Insiders Been Buying Seamless Distribution Systems AB (publ) (STO:SDS) Shares?It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Is New 90 Day High Low • Jan 18New 90-day low: kr41.30The company is down 36% from its price of kr64.80 on 20 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 17% over the same period.
分析記事 • Jan 05We Wouldn't Rely On Seamless Distribution Systems's (STO:SDS) Statutory Earnings As A GuideStatistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...
Is New 90 Day High Low • Dec 30New 90-day low: kr45.80The company is down 14% from its price of kr53.00 on 01 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 19% over the same period.
分析記事 • Dec 18Seamless Distribution Systems (STO:SDS) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Dec 03Here's Why I Think Seamless Distribution Systems (STO:SDS) Is An Interesting StockLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Reported Earnings • Oct 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of kr13.2m, up 24% from the prior year. Total revenue was kr306.9m over the last 12 months, up 47% from the prior year.
Valuation Update With 7 Day Price Move • Oct 14Market bids up stock over the past weekAfter last week's 23% share price gain to kr58.80, the stock is trading at a trailing P/E ratio of 30.8x, up from the previous P/E ratio of 25.1x. This compares to an average P/E of 26x in the IT industry in Sweden. Total returns to shareholders over the past three years are 218%.
Is New 90 Day High Low • Oct 14New 90-day high: kr58.80The company is up 97% from its price of kr29.90 on 16 July 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 20% over the same period.
Is New 90 Day High Low • Sep 22New 90-day high: kr51.00The company is up 82% from its price of kr28.00 on 24 June 2020. The Swedish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 29% over the same period.