Reported Earnings • Jun 24
Full year 2025 earnings released: kr1.33 loss per share (vs kr0.35 profit in FY 2024) Full year 2025 results: kr1.33 loss per share (down from kr0.35 profit in FY 2024). Revenue: kr224.2m (down 17% from FY 2024). Net loss: kr105.1m (down 474% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr669.7m (US$69.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Market cap is less than US$100m (kr669.7m market cap, or US$69.1m). 공고 • May 29
Train Alliance AB (publ), Annual General Meeting, Jun 30, 2026 Train Alliance AB (publ), Annual General Meeting, Jun 30, 2026, at 13:00 W. Europe Standard Time. Location: hotell stinsen`s premises at stortorget 3, 694 31 hallsberg, hallsberg Sweden Reported Earnings • Feb 24
Full year 2025 earnings released: EPS: kr1.12 (vs kr0.35 in FY 2024) Full year 2025 results: EPS: kr1.12 (up from kr0.35 in FY 2024). Revenue: kr339.9m (up 25% from FY 2024). Net income: kr97.8m (up 248% from FY 2024). Profit margin: 29% (up from 10% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: kr0.12 (vs kr0.074 in 3Q 2024) Third quarter 2025 results: EPS: kr0.12 (up from kr0.074 in 3Q 2024). Revenue: kr81.3m (up 16% from 3Q 2024). Net income: kr9.80m (up 67% from 3Q 2024). Profit margin: 12% (up from 8.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: kr0.20 (vs kr0.15 in 2Q 2024) Second quarter 2025 results: EPS: kr0.20 (up from kr0.15 in 2Q 2024). Revenue: kr101.4m (up 3.7% from 2Q 2024). Net income: kr15.8m (up 30% from 2Q 2024). Profit margin: 16% (up from 12% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. 공고 • May 19
Train Alliance AB (publ), Annual General Meeting, Jun 18, 2025 Train Alliance AB (publ), Annual General Meeting, Jun 18, 2025, at 10:30 W. Europe Standard Time. Location: at hotellstinsens premises, at stortorget 3, 694 31 hallsberg. Sweden Reported Earnings • May 07
First quarter 2025 earnings released: EPS: kr0.087 (vs kr0.059 in 1Q 2024) First quarter 2025 results: EPS: kr0.087 (up from kr0.059 in 1Q 2024). Revenue: kr57.2m (up 6.7% from 1Q 2024). Net income: kr6.85m (up 46% from 1Q 2024). Profit margin: 12% (up from 8.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: kr0.35 (vs kr0.47 in FY 2023) Full year 2024 results: EPS: kr0.35 (down from kr0.47 in FY 2023). Revenue: kr271.2m (up 63% from FY 2023). Net income: kr28.1m (down 24% from FY 2023). Profit margin: 10% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: kr0.074 (vs kr0.057 in 3Q 2023) Third quarter 2024 results: EPS: kr0.074 (up from kr0.057 in 3Q 2023). Revenue: kr70.5m (up 7.7% from 3Q 2023). Net income: kr5.86m (up 30% from 3Q 2023). Profit margin: 8.3% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr97.9m (up 27% from 2Q 2023). Net income: kr12.1m (up 42% from 2Q 2023). Profit margin: 12% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr53.6m (down 21% from 1Q 2023). Net income: kr4.70m (down 26% from 1Q 2023). Profit margin: 8.8% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 15
Director recently bought kr500k worth of stock On the 13th of March, Oscar Wahlstrom bought around 24k shares on-market at roughly kr20.83 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr908k. Insiders have collectively bought kr2.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 07
Chairman of the Board recently bought kr819k worth of stock On the 4th of March, Otto Persson bought around 40k shares on-market at roughly kr20.47 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr908k. Otto has been a buyer over the last 12 months, purchasing a net total of kr1.7m worth in shares. Recent Insider Transactions • Feb 26
Chairman of the Board recently bought kr908k worth of stock On the 23rd of February, Otto Persson bought around 43k shares on-market at roughly kr21.11 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Otto's only on-market trade for the last 12 months. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: kr0.47 (vs kr1.47 in FY 2022) Full year 2023 results: EPS: kr0.47 (down from kr1.47 in FY 2022). Revenue: kr272.7m (up 88% from FY 2022). Net income: kr36.9m (down 68% from FY 2022). Profit margin: 14% (down from 81% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Nov 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 24% Last year net profit margin: 45% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 200% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Reported Earnings • Aug 09
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr76.9m (up 27% from 2Q 2022). Net income: kr8.54m (down 80% from 2Q 2022). Profit margin: 11% (down from 71% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 21% 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 (21% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Paying a dividend despite having no free cash flows. High level of non-cash earnings (32% accrual ratio). Minor Risk Market cap is less than US$100m (kr633.2m market cap, or US$58.5m). Buying Opportunity • Jul 03
Now 73% undervalued after recent price drop Over the last 90 days, the stock is down 72%. The fair value is estimated to be kr90.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 59%. Recent Insider Transactions • Mar 24
Director recently bought kr359k worth of stock On the 20th of March, Sven Jemsten bought around 4k shares on-market at roughly kr83.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: kr4.42 (vs kr0.78 in FY 2021) Full year 2022 results: EPS: kr4.42 (up from kr0.78 in FY 2021). Revenue: kr265.0m (up 87% from FY 2021). Net income: kr116.7m (up kr97.3m from FY 2021). Profit margin: 44% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following 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. 6 non-independent directors. Independent Director Staffan Brandt was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr74.2m (up 147% from 3Q 2021). Net income: kr45.3m (up kr43.3m from 3Q 2021). Profit margin: 61% (up from 6.7% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Aug 08
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr116.8m (up 338% from 2Q 2021). Net income: kr43.3m (up kr42.3m from 2Q 2021). Profit margin: 37% (up from 3.8% in 2Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Director Oscar Wahlstrom was the last 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: Lack of independent directors. Insufficient board refreshment. Recent Insider Transactions • Mar 13
Chairman of the Board recently bought kr7.6m worth of stock On the 10th of March, Otto Persson bought around 80k shares on-market at roughly kr95.00 per share. This was the largest purchase by an insider in the last 3 months. Otto has been a buyer over the last 12 months, purchasing a net total of kr11m worth in shares. Recent Insider Transactions • Mar 13
Chairman of the Board recently bought kr7.6m worth of stock On the 10th of March, Otto Persson bought around 80k shares on-market at roughly kr95.00 per share. This was the largest purchase by an insider in the last 3 months. Otto has been a buyer over the last 12 months, purchasing a net total of kr11m worth in shares. Reported Earnings • Nov 03
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr30.0m (down 32% from 3Q 2020). Net income: kr2.01m (down 50% from 3Q 2020). Profit margin: 6.7% (down from 9.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Recent Insider Transactions • Oct 13
Director recently sold kr1.0m worth of stock On the 11th of October, Sven Jemsten sold around 13k shares on-market at roughly kr76.10 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr2.5m more than they sold in the last 12 months. Recent Insider Transactions • Sep 16
Chairman of the Board recently bought kr3.5m worth of stock On the 14th of September, Otto Persson bought around 50k shares on-market at roughly kr70.70 per share. This was the largest purchase by an insider in the last 3 months. This was Otto's only on-market trade for the last 12 months. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS kr0.043 (vs kr0.38 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr26.7m (down 43% from 2Q 2020). Net income: kr1.01m (down 78% from 2Q 2020). Profit margin: 3.8% (down from 9.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • May 16
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr28.6m (down 43% from 1Q 2020). Net income: kr2.13m (down 46% from 1Q 2020). Profit margin: 7.4% (down from 7.9% in 1Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS kr0.95 The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: kr162.5m (up 29% from FY 2019). Net income: kr16.6m (up 37% from FY 2019). Profit margin: 10% (in line with FY 2019). Is New 90 Day High Low • Feb 04
New 90-day high: kr69.90 The company is up 8.0% from its price of kr65.00 on 06 November 2020. The Swedish market is up 12% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Construction industry, which is also up 8.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day low: kr64.50 The company is down 8.0% from its price of kr70.30 on 11 August 2020. The Swedish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period.