View Past PerformanceFreja eID Group バランスシートの健全性財務の健全性 基準チェック /46Freja eID Groupの総株主資本はSEK20.3M 、総負債はSEK3.7Mで、負債比率は18%となります。総資産と総負債はそれぞれSEK64.0MとSEK43.6Mです。主要情報18.03%負債資本比率SEK 3.66m負債インタレスト・カバレッジ・レシオn/a現金SEK 13.80mエクイティSEK 20.33m負債合計SEK 43.64m総資産SEK 63.97m財務の健全性に関する最新情報分析記事 • Aug 18Freja eID Group (STO:FREJA) Has Debt But No Earnings; Should You Worry?OM:FREJA 1 Year Share Price vs Fair Value Explore Freja eID Group's Fair Values from the Community and select yours...分析記事 • Aug 28Does Freja eID Group (STO:FREJA) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...すべての更新を表示Recent updatesReported Earnings • May 11First quarter 2026 earnings released: kr0.08 loss per share (vs kr0.11 loss in 1Q 2025)First quarter 2026 results: kr0.08 loss per share (improved from kr0.11 loss in 1Q 2025). Revenue: kr18.3m (up 22% from 1Q 2025). Net loss: kr2.36m (loss narrowed 1.9% from 1Q 2025). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 39% per year.Recent Insider Transactions • May 11Independent Director recently bought kr158k worth of stockOn the 7th of May, Peder Ramel bought around 10k shares on-market at roughly kr15.81 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr6.1m more in shares than they bought in the last 12 months.お知らせ • Apr 08Freja eID Group AB (publ), Annual General Meeting, May 07, 2026Freja eID Group AB (publ), Annual General Meeting, May 07, 2026, at 14:00 W. Europe Standard Time. Location: wahlin advokater ab`s premises at nybrogatan 39, stockholm SwedenReported Earnings • Mar 18Full year 2025 earnings released: kr0.59 loss per share (vs kr1.03 loss in FY 2024)Full year 2025 results: kr0.59 loss per share (improved from kr1.03 loss in FY 2024). Revenue: kr60.5m (up 16% from FY 2024). Net loss: kr15.3m (loss narrowed 35% from FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Feb 08Chief Product Officer recently sold kr668k worth of stockOn the 5th of February, Kristofer von Beetzen sold around 40k shares on-market at roughly kr16.71 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr673k more than they bought in the last 12 months.分析記事 • Jan 28Is It Time To Consider Buying Freja eID Group AB (publ) (STO:FREJA)?Freja eID Group AB (publ) ( STO:FREJA ), might not be a large cap stock, but it saw a double-digit share price rise of...New Risk • Dec 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (kr461.3m market cap, or US$49.0m).Reported Earnings • Nov 09Third quarter 2025 earnings released: kr0.15 loss per share (vs kr0.18 loss in 3Q 2024)Third quarter 2025 results: kr0.15 loss per share (improved from kr0.18 loss in 3Q 2024). Revenue: kr15.2m (up 13% from 3Q 2024). Net loss: kr3.49m (loss narrowed 17% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Aug 18Freja eID Group (STO:FREJA) Has Debt But No Earnings; Should You Worry?OM:FREJA 1 Year Share Price vs Fair Value Explore Freja eID Group's Fair Values from the Community and select yours...Reported Earnings • Aug 18Second quarter 2025 earnings released: kr0.19 loss per share (vs kr0.33 loss in 2Q 2024)Second quarter 2025 results: kr0.19 loss per share (improved from kr0.33 loss in 2Q 2024). Revenue: kr14.5m (up 23% from 2Q 2024). Net loss: kr4.80m (loss narrowed 35% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.New Risk • Jul 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-kr5.3m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (kr304.5m market cap, or US$32.0m).New Risk • May 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Negative equity (-kr5.3m). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (kr302.1m market cap, or US$31.3m).Reported Earnings • May 10First quarter 2025 earnings released: kr0.11 loss per share (vs kr0.37 loss in 1Q 2024)First quarter 2025 results: kr0.11 loss per share (improved from kr0.37 loss in 1Q 2024). Revenue: kr15.0m (up 24% from 1Q 2024). Net loss: kr2.40m (loss narrowed 71% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Apr 25+ 1 more updateFreja eID Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 28 million.Freja eID Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 28 million. Security Name: Shares Security Type: Common Stock Transaction Features: Subsequent Direct Listingお知らせ • Apr 09Freja eID Group AB (publ), Annual General Meeting, May 08, 2025Freja eID Group AB (publ), Annual General Meeting, May 08, 2025, at 10:00 W. Europe Standard Time. Location: at wahlin advokater abs premises at, nybrogatan 39, stockholm SwedenNew Risk • Feb 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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 (-kr9.5m free cash flow). Negative equity (-kr2.7m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Revenue is less than US$5m (kr52m revenue, or US$4.9m). Market cap is less than US$100m (kr246.4m market cap, or US$23.1m).Reported Earnings • Feb 07Full year 2024 earnings released: kr1.03 loss per share (vs kr1.59 loss in FY 2023)Full year 2024 results: kr1.03 loss per share (improved from kr1.59 loss in FY 2023). Revenue: kr52.2m (up 9.3% from FY 2023). Net loss: kr23.4m (loss narrowed 27% from FY 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 08Third quarter 2024 earnings released: kr0.18 loss per share (vs kr0.50 loss in 3Q 2023)Third quarter 2024 results: kr0.18 loss per share (improved from kr0.50 loss in 3Q 2023). Revenue: kr13.4m (up 18% from 3Q 2023). Net loss: kr4.19m (loss narrowed 59% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Sep 27Co-Founder & CFO recently sold kr1.3m worth of stockOn the 24th of September, Jakub Missuna sold around 116k shares on-market at roughly kr11.14 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jakub has been a net seller over the last 12 months, reducing personal holdings by kr1.9m.分析記事 • Aug 28Does Freja eID Group (STO:FREJA) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 18Second quarter 2024 earnings released: kr0.32 loss per share (vs kr0.41 loss in 2Q 2023)Second quarter 2024 results: kr0.32 loss per share (improved from kr0.41 loss in 2Q 2023). Revenue: kr11.8m (down 3.9% from 2Q 2023). Net loss: kr7.37m (loss narrowed 5.9% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.New Risk • Jul 25New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr559k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr24m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (kr559k sold). Revenue is less than US$5m (kr48m revenue, or US$4.5m). Market cap is less than US$100m (kr196.7m market cap, or US$18.2m).Recent Insider Transactions • Jun 23Co-Founder & CFO recently sold kr509k worth of stockOn the 19th of June, Jakub Missuna sold around 70k shares on-market at roughly kr7.29 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jakub has been a net seller over the last 12 months, reducing personal holdings by kr584k.Reported Earnings • May 08First quarter 2024 earnings released: kr0.37 loss per share (vs kr0.40 loss in 1Q 2023)First quarter 2024 results: kr0.37 loss per share. Revenue: kr12.1m (up 5.0% from 1Q 2023). Net loss: kr8.34m (loss widened 11% from 1Q 2023).Reported Earnings • Feb 09Full year 2023 earnings released: kr1.59 loss per share (vs kr2.05 loss in FY 2022)Full year 2023 results: kr1.59 loss per share (improved from kr2.05 loss in FY 2022). Revenue: kr47.9m (up 28% from FY 2022). Net loss: kr32.0m (loss narrowed 18% from FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.Board Change • Feb 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. 1 highly experienced director. Independent Chairman of the Board Håkan Nyberg 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.Recent Insider Transactions • Nov 30Co-Founder & CFO recently sold kr75k worth of stockOn the 24th of November, Jakub Missuna sold around 13k shares on-market at roughly kr5.97 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Jakub has been a net buyer over the last 12 months, purchasing a net total of kr3.4m worth of shares.New Risk • Oct 20New 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 12% 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 (12% average weekly change). Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (kr45m revenue, or US$4.1m). Market cap is less than US$100m (kr123.6m market cap, or US$11.3m).お知らせ • Oct 13Freja eID Group AB (publ) announced that it expects to receive SEK 15.86 million in fundingFreja eID Group AB (publ) announced a private placement to issue 2,600,000 shares at an issue price of SEK 6.10 per share for the gross proceeds of SEK 15,860,000 on October 12, 2023. The company has also raised a loan of SEK 5,500,000 with a maturity of 12 months.Reported Earnings • Aug 13Second quarter 2023 earnings released: kr0.41 loss per share (vs kr0.57 loss in 2Q 2022)Second quarter 2023 results: kr0.41 loss per share (improved from kr0.57 loss in 2Q 2022). Revenue: kr12.3m (up 48% from 2Q 2022). Net loss: kr7.84m (loss narrowed 27% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr26m free cash flow). Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (kr41m revenue, or US$3.9m). Market cap is less than US$100m (kr147.7m market cap, or US$13.8m).New Risk • Jun 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr26m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr15m net loss next year). Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (kr41m revenue, or US$3.9m). Market cap is less than US$100m (kr139.7m market cap, or US$13.0m).Recent Insider Transactions • Mar 06Co-Founder & CFO recently sold kr424k worth of stockOn the 27th of February, Jakub Missuna sold around 47k shares on-market at roughly kr8.98 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr4.3m. Despite the recent sale, Jakub has been a net buyer over the last 12 months, purchasing a net total of kr3.9m worth of shares.Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: kr2.05 loss per share (improved from kr2.93 loss in FY 2021). Revenue: kr40.1m (up 50% from FY 2021). Net loss: kr38.8m (loss narrowed 26% from FY 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Jan 07Independent Board Member recently bought kr90k worth of stockOn the 2nd of January, Morgan Sellen bought around 24k shares on-market at roughly kr3.70 per share. This transaction increased Morgan's direct individual holding by 12x at the time of the trade. 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.Major Estimate Revision • Nov 16Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr33.4m to kr29.8m. Forecast losses increased from -kr1.75 to -kr2.19 per share. Software industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr8.00 unchanged from last update. Share price rose 4.5% to kr5.20 over the past week.Breakeven Date Change • Nov 16No longer forecast to breakevenThe analyst covering Freja eID Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr2.97m in 2024. New forecast suggests the company will make a loss of kr7.17m in 2024.Major Estimate Revision • Nov 12Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr33.4m to kr29.8m. Forecast losses increased from -kr1.75 to -kr2.19 per share. Software industry in Sweden expected to see average net income growth of 51% next year. Consensus price target of kr8.00 unchanged from last update. Share price fell 11% to kr4.82 over the past week.Breakeven Date Change • Nov 11Forecast to breakeven in 2024The analyst covering Freja eID Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr2.97m in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule.Reported Earnings • Aug 15Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: kr0.57 loss per share. Revenue: kr10.7m (up 51% from 2Q 2021). Net loss: kr10.8m (flat on 2Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 48%, compared to a 33% growth forecast for the Software industry in Sweden.Major Estimate Revision • May 12Consensus revenue estimates fall by 30%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr50.3m to kr35.2m. Forecast losses increased from -kr1.30 to -kr1.47 per share. Software industry in Sweden expected to see average net income growth of 46% next year. Consensus price target down from kr21.00 to kr14.50. Share price fell 18% to kr10.78 over the past week.Reported Earnings • May 06First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: kr0.60 loss per share (up from kr0.71 loss in 1Q 2021). Revenue: kr7.79m (up 19% from 1Q 2021). Net loss: kr11.3m (flat on 1Q 2021). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 68%, compared to a 46% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Price Target Changed • Apr 27Price target decreased to kr21.00Down from kr27.50, the current price target is provided by 1 analyst. New target price is 59% above last closing price of kr13.20. Stock is down 64% over the past year. The company is forecast to post a net loss per share of kr1.30 next year compared to a net loss per share of kr2.93 last year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Bodil Siden was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 11Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: kr2.77 loss per share (up from kr3.06 loss in FY 2020). Revenue: kr28.0m (up 2.4% from FY 2020). Net loss: kr52.3m (loss widened 16% from FY 2020). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 99%, compared to a 68% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.Breakeven Date Change • Nov 24No longer forecast to breakevenThe analyst covering Freja eID Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr17.0m in 2023. New forecast suggests the company will make a loss of kr2.30m in 2023.Reported Earnings • Nov 13Third quarter 2021 earnings releasedThe company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: kr5.53m (down 2.0% from 3Q 2020). Net loss: kr15.7m (loss widened 42% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.Recent Insider Transactions • Sep 23Co-Founder & CFO recently bought kr205k worth of stockOn the 16th of September, Jakub Missuna bought around 12k shares on-market at roughly kr17.10 per share. This was the largest purchase by an insider in the last 3 months. This was Jakub's only on-market trade for the last 12 months.Major Estimate Revision • Aug 13Consensus revenue estimates fall to kr28.7mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from kr38.5m to kr28.7m. Forecast losses increased from -kr1.65 to -kr1.91 per share. Software industry in Sweden expected to see average net income growth of 27% next year. Consensus price target down from kr35.83 to kr32.50. Share price fell 6.9% to kr20.80 over the past week.Breakeven Date Change • Aug 12Forecast breakeven pushed back to 2023The analyst covering Freja eID Group previously expected the company to break even in 2022. New forecast suggests losses will reduce by 67% per year to 2022. The company is expected to make a profit of kr17.0m in 2023. Average annual earnings growth of 92% is required to achieve expected profit on schedule.Reported Earnings • May 11First quarter 2021 earnings released: kr2.12 loss per share (vs kr2.76 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr7.36m (up 8.2% from 1Q 2020). Net loss: kr11.4m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year.Reported Earnings • Mar 24Full year 2020 earnings released: kr9.17 loss per share (vs kr5.08 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr27.4m (down 74% from FY 2019). Net loss: kr45.1m (loss widened 83% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Recent Insider Transactions • Mar 17Director recently sold kr362k worth of stockOn the 10th of March, Anders Henrikson sold around 4k shares on-market at roughly kr98.30 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr888k more than they bought in the last 12 months.分析記事 • Mar 11Freja eID Group AB (publ) (STO:FREJA) Insiders Have Been SellingIt is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...Is New 90 Day High Low • Mar 02New 90-day high: kr77.00The company is up 20% from its price of kr64.20 on 02 December 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 35% over the same period.Major Estimate Revision • Feb 18Analysts lower EPS estimates to -kr4.36The 2021 consensus revenue estimate was lowered from kr38.0m to kr37.4m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -kr3.48 to -kr4.36 for the same period. The Software industry in Sweden is expected to see an average net income growth of 36% next year. The consensus price target increased from kr75.00 to kr100.00. Share price is down by 8.3% to kr66.40 over the past week.Reported Earnings • Feb 13Full year 2020 earnings released: kr9.17 loss per share (vs kr5.08 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr29.7m (down 72% from FY 2019). Net loss: kr45.1m (loss widened 83% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.Is New 90 Day High Low • Feb 05New 90-day high: kr72.00The company is up 41% from its price of kr51.00 on 06 November 2020. The Swedish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 29% over the same period.分析記事 • Feb 04Should You Think About Buying Freja eID Group AB (publ) (STO:FREJA) Now?While Freja eID Group AB (publ) ( STO:FREJA ) might not be the most widely known stock at the moment, it saw a...Recent Insider Transactions • Jan 27Director recently bought kr192k worth of stockOn the 21st of January, Anders Henrikson bought around 4k shares on-market at roughly kr49.97 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr334k more in shares than they bought in the last 12 months.Is New 90 Day High Low • Jan 07New 90-day low: kr49.20The company is down 17% from its price of kr59.40 on 09 October 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 40% over the same period.Reported Earnings • Nov 11Third quarter 2020 earnings released: kr2.28 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr6.51m (down 74% from 3Q 2019). Net loss: kr11.1m (loss widened 414% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 62%. Over the next year, revenue is expected to shrink by 59% compared to a 50% growth forecast for the Software industry in Sweden.Major Estimate Revision • Nov 07Analysts lower revenue estimates to kr22.8mThe 2020 consensus revenue estimate decreased from kr25.5m. Earning per share (EPS) estimate was also lowered from kr1.93 to kr0.96 for the same period. Net income is expected to shrink by 134% next year compared to 28% growth forecast for the Software industry in Sweden . The consensus price target of kr85.00 was unchanged from the last update. Share price is down by 2.3% to kr51.00 over the past week.Is New 90 Day High Low • Oct 27New 90-day low: kr55.80The company is down 33% from its price of kr83.00 on 28 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 14% over the same period.Is New 90 Day High Low • Oct 07New 90-day low: kr59.00The company is down 27% from its price of kr81.20 on 09 July 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 16% over the same period.Is New 90 Day High Low • Sep 20New 90-day low: kr70.40The company is down 5.0% from its price of kr73.80 on 22 June 2020. The Swedish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 16% over the same period.財務状況分析短期負債: FREJAの 短期資産 ( SEK28.0M ) は 短期負債 ( SEK37.3M ) をカバーしていません。長期負債: FREJAの短期資産 ( SEK28.0M ) が 長期負債 ( SEK6.3M ) 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: FREJA総負債よりも多くの現金を保有しています。負債の削減: FREJAの負債対資本比率は、過去 5 年間で13.8%から18%に増加しました。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: FREJAは、現在の フリーキャッシュフロー に基づき、1 年以上にわたって十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: FREJAは、フリー キャッシュ フローが毎年23.9 % の歴史的成長率で成長し続ける場合、 1.4年間十分なキャッシュ ランウェイを有します。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 04:48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Freja eID Group 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。3 アナリスト機関Ole-Andreas KrohnDNB CarnegieJoachim GunellDNB CarnegieFredrik NilssonRedeye
分析記事 • Aug 18Freja eID Group (STO:FREJA) Has Debt But No Earnings; Should You Worry?OM:FREJA 1 Year Share Price vs Fair Value Explore Freja eID Group's Fair Values from the Community and select yours...
分析記事 • Aug 28Does Freja eID Group (STO:FREJA) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 11First quarter 2026 earnings released: kr0.08 loss per share (vs kr0.11 loss in 1Q 2025)First quarter 2026 results: kr0.08 loss per share (improved from kr0.11 loss in 1Q 2025). Revenue: kr18.3m (up 22% from 1Q 2025). Net loss: kr2.36m (loss narrowed 1.9% from 1Q 2025). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 39% per year.
Recent Insider Transactions • May 11Independent Director recently bought kr158k worth of stockOn the 7th of May, Peder Ramel bought around 10k shares on-market at roughly kr15.81 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr6.1m more in shares than they bought in the last 12 months.
お知らせ • Apr 08Freja eID Group AB (publ), Annual General Meeting, May 07, 2026Freja eID Group AB (publ), Annual General Meeting, May 07, 2026, at 14:00 W. Europe Standard Time. Location: wahlin advokater ab`s premises at nybrogatan 39, stockholm Sweden
Reported Earnings • Mar 18Full year 2025 earnings released: kr0.59 loss per share (vs kr1.03 loss in FY 2024)Full year 2025 results: kr0.59 loss per share (improved from kr1.03 loss in FY 2024). Revenue: kr60.5m (up 16% from FY 2024). Net loss: kr15.3m (loss narrowed 35% from FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Feb 08Chief Product Officer recently sold kr668k worth of stockOn the 5th of February, Kristofer von Beetzen sold around 40k shares on-market at roughly kr16.71 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr673k more than they bought in the last 12 months.
分析記事 • Jan 28Is It Time To Consider Buying Freja eID Group AB (publ) (STO:FREJA)?Freja eID Group AB (publ) ( STO:FREJA ), might not be a large cap stock, but it saw a double-digit share price rise of...
New Risk • Dec 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (kr461.3m market cap, or US$49.0m).
Reported Earnings • Nov 09Third quarter 2025 earnings released: kr0.15 loss per share (vs kr0.18 loss in 3Q 2024)Third quarter 2025 results: kr0.15 loss per share (improved from kr0.18 loss in 3Q 2024). Revenue: kr15.2m (up 13% from 3Q 2024). Net loss: kr3.49m (loss narrowed 17% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Aug 18Freja eID Group (STO:FREJA) Has Debt But No Earnings; Should You Worry?OM:FREJA 1 Year Share Price vs Fair Value Explore Freja eID Group's Fair Values from the Community and select yours...
Reported Earnings • Aug 18Second quarter 2025 earnings released: kr0.19 loss per share (vs kr0.33 loss in 2Q 2024)Second quarter 2025 results: kr0.19 loss per share (improved from kr0.33 loss in 2Q 2024). Revenue: kr14.5m (up 23% from 2Q 2024). Net loss: kr4.80m (loss narrowed 35% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-kr5.3m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (kr304.5m market cap, or US$32.0m).
New Risk • May 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Negative equity (-kr5.3m). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (kr302.1m market cap, or US$31.3m).
Reported Earnings • May 10First quarter 2025 earnings released: kr0.11 loss per share (vs kr0.37 loss in 1Q 2024)First quarter 2025 results: kr0.11 loss per share (improved from kr0.37 loss in 1Q 2024). Revenue: kr15.0m (up 24% from 1Q 2024). Net loss: kr2.40m (loss narrowed 71% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Apr 25+ 1 more updateFreja eID Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 28 million.Freja eID Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 28 million. Security Name: Shares Security Type: Common Stock Transaction Features: Subsequent Direct Listing
お知らせ • Apr 09Freja eID Group AB (publ), Annual General Meeting, May 08, 2025Freja eID Group AB (publ), Annual General Meeting, May 08, 2025, at 10:00 W. Europe Standard Time. Location: at wahlin advokater abs premises at, nybrogatan 39, stockholm Sweden
New Risk • Feb 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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 (-kr9.5m free cash flow). Negative equity (-kr2.7m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Revenue is less than US$5m (kr52m revenue, or US$4.9m). Market cap is less than US$100m (kr246.4m market cap, or US$23.1m).
Reported Earnings • Feb 07Full year 2024 earnings released: kr1.03 loss per share (vs kr1.59 loss in FY 2023)Full year 2024 results: kr1.03 loss per share (improved from kr1.59 loss in FY 2023). Revenue: kr52.2m (up 9.3% from FY 2023). Net loss: kr23.4m (loss narrowed 27% from FY 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 08Third quarter 2024 earnings released: kr0.18 loss per share (vs kr0.50 loss in 3Q 2023)Third quarter 2024 results: kr0.18 loss per share (improved from kr0.50 loss in 3Q 2023). Revenue: kr13.4m (up 18% from 3Q 2023). Net loss: kr4.19m (loss narrowed 59% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Sep 27Co-Founder & CFO recently sold kr1.3m worth of stockOn the 24th of September, Jakub Missuna sold around 116k shares on-market at roughly kr11.14 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jakub has been a net seller over the last 12 months, reducing personal holdings by kr1.9m.
分析記事 • Aug 28Does Freja eID Group (STO:FREJA) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 18Second quarter 2024 earnings released: kr0.32 loss per share (vs kr0.41 loss in 2Q 2023)Second quarter 2024 results: kr0.32 loss per share (improved from kr0.41 loss in 2Q 2023). Revenue: kr11.8m (down 3.9% from 2Q 2023). Net loss: kr7.37m (loss narrowed 5.9% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
New Risk • Jul 25New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: kr559k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr24m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (kr559k sold). Revenue is less than US$5m (kr48m revenue, or US$4.5m). Market cap is less than US$100m (kr196.7m market cap, or US$18.2m).
Recent Insider Transactions • Jun 23Co-Founder & CFO recently sold kr509k worth of stockOn the 19th of June, Jakub Missuna sold around 70k shares on-market at roughly kr7.29 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jakub has been a net seller over the last 12 months, reducing personal holdings by kr584k.
Reported Earnings • May 08First quarter 2024 earnings released: kr0.37 loss per share (vs kr0.40 loss in 1Q 2023)First quarter 2024 results: kr0.37 loss per share. Revenue: kr12.1m (up 5.0% from 1Q 2023). Net loss: kr8.34m (loss widened 11% from 1Q 2023).
Reported Earnings • Feb 09Full year 2023 earnings released: kr1.59 loss per share (vs kr2.05 loss in FY 2022)Full year 2023 results: kr1.59 loss per share (improved from kr2.05 loss in FY 2022). Revenue: kr47.9m (up 28% from FY 2022). Net loss: kr32.0m (loss narrowed 18% from FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
Board Change • Feb 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. 1 highly experienced director. Independent Chairman of the Board Håkan Nyberg 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.
Recent Insider Transactions • Nov 30Co-Founder & CFO recently sold kr75k worth of stockOn the 24th of November, Jakub Missuna sold around 13k shares on-market at roughly kr5.97 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Jakub has been a net buyer over the last 12 months, purchasing a net total of kr3.4m worth of shares.
New Risk • Oct 20New 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 12% 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 (12% average weekly change). Earnings have declined by 7.0% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (kr45m revenue, or US$4.1m). Market cap is less than US$100m (kr123.6m market cap, or US$11.3m).
お知らせ • Oct 13Freja eID Group AB (publ) announced that it expects to receive SEK 15.86 million in fundingFreja eID Group AB (publ) announced a private placement to issue 2,600,000 shares at an issue price of SEK 6.10 per share for the gross proceeds of SEK 15,860,000 on October 12, 2023. The company has also raised a loan of SEK 5,500,000 with a maturity of 12 months.
Reported Earnings • Aug 13Second quarter 2023 earnings released: kr0.41 loss per share (vs kr0.57 loss in 2Q 2022)Second quarter 2023 results: kr0.41 loss per share (improved from kr0.57 loss in 2Q 2022). Revenue: kr12.3m (up 48% from 2Q 2022). Net loss: kr7.84m (loss narrowed 27% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
New Risk • Aug 08New major risk - Revenue and earnings growthEarnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr26m free cash flow). Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (kr41m revenue, or US$3.9m). Market cap is less than US$100m (kr147.7m market cap, or US$13.8m).
New Risk • Jun 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr26m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr15m net loss next year). Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Revenue is less than US$5m (kr41m revenue, or US$3.9m). Market cap is less than US$100m (kr139.7m market cap, or US$13.0m).
Recent Insider Transactions • Mar 06Co-Founder & CFO recently sold kr424k worth of stockOn the 27th of February, Jakub Missuna sold around 47k shares on-market at roughly kr8.98 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr4.3m. Despite the recent sale, Jakub has been a net buyer over the last 12 months, purchasing a net total of kr3.9m worth of shares.
Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: kr2.05 loss per share (improved from kr2.93 loss in FY 2021). Revenue: kr40.1m (up 50% from FY 2021). Net loss: kr38.8m (loss narrowed 26% from FY 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Jan 07Independent Board Member recently bought kr90k worth of stockOn the 2nd of January, Morgan Sellen bought around 24k shares on-market at roughly kr3.70 per share. This transaction increased Morgan's direct individual holding by 12x at the time of the trade. 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.
Major Estimate Revision • Nov 16Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr33.4m to kr29.8m. Forecast losses increased from -kr1.75 to -kr2.19 per share. Software industry in Sweden expected to see average net income growth of 41% next year. Consensus price target of kr8.00 unchanged from last update. Share price rose 4.5% to kr5.20 over the past week.
Breakeven Date Change • Nov 16No longer forecast to breakevenThe analyst covering Freja eID Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr2.97m in 2024. New forecast suggests the company will make a loss of kr7.17m in 2024.
Major Estimate Revision • Nov 12Consensus revenue estimates fall by 11%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr33.4m to kr29.8m. Forecast losses increased from -kr1.75 to -kr2.19 per share. Software industry in Sweden expected to see average net income growth of 51% next year. Consensus price target of kr8.00 unchanged from last update. Share price fell 11% to kr4.82 over the past week.
Breakeven Date Change • Nov 11Forecast to breakeven in 2024The analyst covering Freja eID Group expects the company to break even for the first time. New forecast suggests the company will make a profit of kr2.97m in 2024. Average annual earnings growth of 87% is required to achieve expected profit on schedule.
Reported Earnings • Aug 15Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: kr0.57 loss per share. Revenue: kr10.7m (up 51% from 2Q 2021). Net loss: kr10.8m (flat on 2Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 48%, compared to a 33% growth forecast for the Software industry in Sweden.
Major Estimate Revision • May 12Consensus revenue estimates fall by 30%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr50.3m to kr35.2m. Forecast losses increased from -kr1.30 to -kr1.47 per share. Software industry in Sweden expected to see average net income growth of 46% next year. Consensus price target down from kr21.00 to kr14.50. Share price fell 18% to kr10.78 over the past week.
Reported Earnings • May 06First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: kr0.60 loss per share (up from kr0.71 loss in 1Q 2021). Revenue: kr7.79m (up 19% from 1Q 2021). Net loss: kr11.3m (flat on 1Q 2021). Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 68%, compared to a 46% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Apr 27Price target decreased to kr21.00Down from kr27.50, the current price target is provided by 1 analyst. New target price is 59% above last closing price of kr13.20. Stock is down 64% over the past year. The company is forecast to post a net loss per share of kr1.30 next year compared to a net loss per share of kr2.93 last year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Bodil Siden was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 11Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: kr2.77 loss per share (up from kr3.06 loss in FY 2020). Revenue: kr28.0m (up 2.4% from FY 2020). Net loss: kr52.3m (loss widened 16% from FY 2020). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 99%, compared to a 68% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
Breakeven Date Change • Nov 24No longer forecast to breakevenThe analyst covering Freja eID Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr17.0m in 2023. New forecast suggests the company will make a loss of kr2.30m in 2023.
Reported Earnings • Nov 13Third quarter 2021 earnings releasedThe company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: kr5.53m (down 2.0% from 3Q 2020). Net loss: kr15.7m (loss widened 42% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
Recent Insider Transactions • Sep 23Co-Founder & CFO recently bought kr205k worth of stockOn the 16th of September, Jakub Missuna bought around 12k shares on-market at roughly kr17.10 per share. This was the largest purchase by an insider in the last 3 months. This was Jakub's only on-market trade for the last 12 months.
Major Estimate Revision • Aug 13Consensus revenue estimates fall to kr28.7mThe consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from kr38.5m to kr28.7m. Forecast losses increased from -kr1.65 to -kr1.91 per share. Software industry in Sweden expected to see average net income growth of 27% next year. Consensus price target down from kr35.83 to kr32.50. Share price fell 6.9% to kr20.80 over the past week.
Breakeven Date Change • Aug 12Forecast breakeven pushed back to 2023The analyst covering Freja eID Group previously expected the company to break even in 2022. New forecast suggests losses will reduce by 67% per year to 2022. The company is expected to make a profit of kr17.0m in 2023. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
Reported Earnings • May 11First quarter 2021 earnings released: kr2.12 loss per share (vs kr2.76 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: kr7.36m (up 8.2% from 1Q 2020). Net loss: kr11.4m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year.
Reported Earnings • Mar 24Full year 2020 earnings released: kr9.17 loss per share (vs kr5.08 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr27.4m (down 74% from FY 2019). Net loss: kr45.1m (loss widened 83% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Mar 17Director recently sold kr362k worth of stockOn the 10th of March, Anders Henrikson sold around 4k shares on-market at roughly kr98.30 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr888k more than they bought in the last 12 months.
分析記事 • Mar 11Freja eID Group AB (publ) (STO:FREJA) Insiders Have Been SellingIt is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Is New 90 Day High Low • Mar 02New 90-day high: kr77.00The company is up 20% from its price of kr64.20 on 02 December 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 35% over the same period.
Major Estimate Revision • Feb 18Analysts lower EPS estimates to -kr4.36The 2021 consensus revenue estimate was lowered from kr38.0m to kr37.4m. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -kr3.48 to -kr4.36 for the same period. The Software industry in Sweden is expected to see an average net income growth of 36% next year. The consensus price target increased from kr75.00 to kr100.00. Share price is down by 8.3% to kr66.40 over the past week.
Reported Earnings • Feb 13Full year 2020 earnings released: kr9.17 loss per share (vs kr5.08 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: kr29.7m (down 72% from FY 2019). Net loss: kr45.1m (loss widened 83% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.
Is New 90 Day High Low • Feb 05New 90-day high: kr72.00The company is up 41% from its price of kr51.00 on 06 November 2020. The Swedish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 29% over the same period.
分析記事 • Feb 04Should You Think About Buying Freja eID Group AB (publ) (STO:FREJA) Now?While Freja eID Group AB (publ) ( STO:FREJA ) might not be the most widely known stock at the moment, it saw a...
Recent Insider Transactions • Jan 27Director recently bought kr192k worth of stockOn the 21st of January, Anders Henrikson bought around 4k shares on-market at roughly kr49.97 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr334k more in shares than they bought in the last 12 months.
Is New 90 Day High Low • Jan 07New 90-day low: kr49.20The company is down 17% from its price of kr59.40 on 09 October 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 40% over the same period.
Reported Earnings • Nov 11Third quarter 2020 earnings released: kr2.28 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: kr6.51m (down 74% from 3Q 2019). Net loss: kr11.1m (loss widened 414% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 62%. Over the next year, revenue is expected to shrink by 59% compared to a 50% growth forecast for the Software industry in Sweden.
Major Estimate Revision • Nov 07Analysts lower revenue estimates to kr22.8mThe 2020 consensus revenue estimate decreased from kr25.5m. Earning per share (EPS) estimate was also lowered from kr1.93 to kr0.96 for the same period. Net income is expected to shrink by 134% next year compared to 28% growth forecast for the Software industry in Sweden . The consensus price target of kr85.00 was unchanged from the last update. Share price is down by 2.3% to kr51.00 over the past week.
Is New 90 Day High Low • Oct 27New 90-day low: kr55.80The company is down 33% from its price of kr83.00 on 28 July 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 14% over the same period.
Is New 90 Day High Low • Oct 07New 90-day low: kr59.00The company is down 27% from its price of kr81.20 on 09 July 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 16% over the same period.
Is New 90 Day High Low • Sep 20New 90-day low: kr70.40The company is down 5.0% from its price of kr73.80 on 22 June 2020. The Swedish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 16% over the same period.