View Future GrowthSeamless Distribution Systems 과거 순이익 실적과거 기준 점검 0/6Seamless Distribution Systems 의 수입은 연평균 -43.4%의 비율로 감소해 온 반면, Software 산업은 연평균 23.6%의 비율로 증가했습니다. 매출은 연평균 8.9%의 비율로 감소해 왔습니다.핵심 정보-43.45%순이익 성장률-27.75%주당순이익(EPS) 성장률Software 산업 성장률15.75%매출 성장률-8.91%자기자본이익률-335.51%순이익률-64.79%다음 순이익 업데이트13 Aug 2026최근 과거 실적 업데이트공시 • 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, 2026Reported 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.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.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.공시 • 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, 2023Reported 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.모든 업데이트 보기Recent updates공시 • 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, 2026분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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).분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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).분석 기사 • 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.분석 기사 • 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).분석 기사 • 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).분석 기사 • 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.공시 • 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.분석 기사 • 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.공시 • 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.분석 기사 • 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...공시 • 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, 2023분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.매출 및 비용 세부 내역Seamless Distribution Systems가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NGM:SDS 매출, 비용 및 순이익 (SEK Millions)날짜매출순이익일반관리비연구개발비31 Mar 26158-10250031 Dec 25171-11456030 Sep 25194-7145030 Jun 25212-6147031 Mar 25227-1545031 Dec 24226-1239030 Sep 24228-1542030 Jun 24238-1436031 Mar 24251-1137031 Dec 23265-1643030 Sep 23244-7954030 Jun 23256-7061031 Mar 23252-7264031 Dec 22245-7564030 Sep 22287-454030 Jun 22289-254031 Mar 22290-556031 Dec 21288652030 Sep 21280354030 Jun 21270354031 Mar 212721351031 Dec 202961356030 Sep 203011353030 Jun 202961547031 Mar 20280946031 Dec 19246842030 Sep 192081142030 Jun 19162642031 Mar 19127940031 Dec 1888035030 Sep 1863-1134030 Jun 1861-1035031 Mar 1859-1432031 Dec 1771-231030 Sep 1782529030 Jun 17921429031 Mar 171012632031 Dec 16962534031 Dec 156515130양질의 수익: SDS 은(는) 현재 수익성이 없습니다.이익 마진 증가: SDS는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: SDS은 수익성이 없으며 지난 5년 동안 손실이 연평균 43.4% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 SDS의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: SDS은 수익성이 없어 지난 해 수익 성장률을 Software 업계(-11.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: SDS는 현재 수익성이 없으므로 자본 수익률이 음수(-335.51%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/01 20:19종가2026/06/01 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Seamless Distribution Systems AB (publ)는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Forbes GoldmanRedeyeAnton HoofRedeye
공시 • 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
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.
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.
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.
공시 • 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
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.
공시 • 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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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).
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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).
분석 기사 • 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.
분석 기사 • 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).
분석 기사 • 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).
분석 기사 • 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.
공시 • 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.
분석 기사 • 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.
공시 • 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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.