View Future GrowthCombinedX 과거 순이익 실적과거 기준 점검 2/6CombinedX은 연평균 13.7%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 12.7% 증가했습니다. 매출은 연평균 13.4%의 비율로 증가했습니다. CombinedX의 자기자본이익률은 7%이고 순이익률은 3.6%입니다.핵심 정보13.67%순이익 성장률8.73%주당순이익(EPS) 성장률IT 산업 성장률15.34%매출 성장률13.42%자기자본이익률6.96%순이익률3.64%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트분석 기사 • Feb 19There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing EarningsInvestors were disappointed with the weak earnings posted by CombinedX AB (publ) ( STO:CX ). Despite the soft profit...Reported Earnings • Feb 15Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr1.99 (down from kr2.82 in FY 2024). Revenue: kr951.2m (up 2.2% from FY 2024). Net income: kr37.7m (down 26% from FY 2024). Profit margin: 4.0% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.Reported Earnings • Oct 26Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: kr0.21 (up from kr0.20 in 3Q 2024). Revenue: kr200.9m (up 2.3% from 3Q 2024). Net income: kr4.00m (up 8.1% from 3Q 2024). Profit margin: 2.0% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.분석 기사 • Jul 25CombinedX's (STO:CX) Conservative Accounting Might Explain Soft EarningsCombinedX AB (publ)'s ( STO:CX ) earnings announcement last week didn't impress shareholders. Despite the soft profit...Reported Earnings • Jul 18Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: kr0.31 (down from kr0.56 in 2Q 2024). Revenue: kr235.8m (down 6.2% from 2Q 2024). Net income: kr5.80m (down 43% from 2Q 2024). Profit margin: 2.5% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: kr0.95 (down from kr1.02 in 1Q 2024). Revenue: kr240.0m (up 6.8% from 1Q 2024). Net income: kr17.3m (flat on 1Q 2024). Profit margin: 7.2% (down from 7.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updatesNew Risk • May 07New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (kr712.9m market cap, or US$77.2m).분석 기사 • May 06News Flash: Analysts Just Made A Meaningful Upgrade To Their CombinedX AB (publ) (STO:CX) ForecastsCelebrations may be in order for CombinedX AB (publ) ( STO:CX ) shareholders, with the covering analyst delivering a...Major Estimate Revision • May 05Consensus revenue estimates increase by 24%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from kr851.7m to kr1.05b. EPS estimate increased from kr1.88 to kr4.01 per share. Net income forecast to grow 105% next year vs 26% growth forecast for IT industry in Sweden. Consensus price target of kr55.00 unchanged from last update. Share price rose 3.1% to kr36.60 over the past week.Upcoming Dividend • Apr 30Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Swedish dividend payers (4.2%). In line with average of industry peers (3.0%).분석 기사 • Apr 07One Analyst Just Shaved Their CombinedX AB (publ) (STO:CX) Forecasts DramaticallyThe analyst covering CombinedX AB (publ) ( STO:CX ) delivered a dose of negativity to shareholders today, by making a...Major Estimate Revision • Apr 07Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.04b to kr851.7m. EPS estimate fell from kr3.31 to kr1.88 per share. Net income forecast to shrink 4.0% next year vs 34% growth forecast for IT industry in Sweden . Consensus price target up from kr52.00 to kr55.00. Share price rose 18% to kr34.90 over the past week.분석 기사 • Feb 19There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing EarningsInvestors were disappointed with the weak earnings posted by CombinedX AB (publ) ( STO:CX ). Despite the soft profit...Major Estimate Revision • Feb 18Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.09b to kr1.04b. EPS estimate also fell from kr4.14 per share to kr3.31 per share. Net income forecast to grow 69% next year vs 40% growth forecast for IT industry in Sweden. Consensus price target down from kr55.00 to kr52.00. Share price fell 10% to kr32.70 over the past week.분석 기사 • Feb 15Earnings Miss: CombinedX AB (publ) Missed EPS By 15% And Analysts Are Revising Their ForecastsIt's been a mediocre week for CombinedX AB (publ) ( STO:CX ) shareholders, with the stock dropping 12% to kr32.90 in...Reported Earnings • Feb 15Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr1.99 (down from kr2.82 in FY 2024). Revenue: kr951.2m (up 2.2% from FY 2024). Net income: kr37.7m (down 26% from FY 2024). Profit margin: 4.0% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.분석 기사 • Feb 14CombinedX (STO:CX) Has Announced That Its Dividend Will Be Reduced To SEK1.00The board of CombinedX AB (publ) ( STO:CX ) has announced that the dividend on 13th of May will be reduced by 29% from...Buy Or Sell Opportunity • Feb 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.2% to kr32.90. The fair value is estimated to be kr41.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.Declared Dividend • Feb 13Dividend reduced to kr1.00Dividend of kr1.00 is 29% lower than last year. Ex-date: 7th May 2026 Payment date: 13th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Feb 12CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026CombinedX AB (publ) announced Annual dividend of SEK 1.0000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Christian Hellman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공지 • Nov 27CombinedX AB (publ), Annual General Meeting, May 06, 2026CombinedX AB (publ), Annual General Meeting, May 06, 2026.Recent Insider Transactions • Nov 15Insider recently sold kr2.1m worth of stockOn the 13th of November, Bjorn Magnusson sold around 62k shares on-market at roughly kr33.71 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr2.2m more than they bought in the last 12 months.Major Estimate Revision • Oct 31Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr2.61 to kr2.33 per share. Revenue forecast steady at kr951.0m. Net income forecast to grow 53% next year vs 23% growth forecast for IT industry in Sweden. Consensus price target of kr55.00 unchanged from last update. Share price fell 3.1% to kr34.90 over the past week.Recent Insider Transactions • Oct 30Insider recently sold kr174k worth of stockOn the 27th of October, Bjorn Magnusson sold around 5k shares on-market at roughly kr34.80 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr138k more than they bought in the last 12 months.분석 기사 • Oct 29Earnings Miss: CombinedX AB (publ) Missed EPS By 13% And Analysts Are Revising Their ForecastsThe analyst might have been a bit too bullish on CombinedX AB (publ) ( STO:CX ), given that the company fell short of...Reported Earnings • Oct 26Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: kr0.21 (up from kr0.20 in 3Q 2024). Revenue: kr200.9m (up 2.3% from 3Q 2024). Net income: kr4.00m (up 8.1% from 3Q 2024). Profit margin: 2.0% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.분석 기사 • Jul 25CombinedX's (STO:CX) Conservative Accounting Might Explain Soft EarningsCombinedX AB (publ)'s ( STO:CX ) earnings announcement last week didn't impress shareholders. Despite the soft profit...분석 기사 • Jul 19CombinedX AB (publ) Just Missed Earnings - But Analysts Have Updated Their ModelsIt's shaping up to be a tough period for CombinedX AB (publ) ( STO:CX ), which a week ago released some disappointing...Price Target Changed • Jul 18Price target decreased by 8.3% to kr55.00Down from kr60.00, the current price target is provided by 1 analyst. New target price is 47% above last closing price of kr37.30. Stock is down 14% over the past year. The company is forecast to post earnings per share of kr2.61 for next year compared to kr2.82 last year.Reported Earnings • Jul 18Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: kr0.31 (down from kr0.56 in 2Q 2024). Revenue: kr235.8m (down 6.2% from 2Q 2024). Net income: kr5.80m (down 43% from 2Q 2024). Profit margin: 2.5% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.분석 기사 • Jul 18Returns On Capital Are Showing Encouraging Signs At CombinedX (STO:CX)To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Recent Insider Transactions • Jun 11Chief Executive Officer of Elvenite recently sold kr132k worth of stockOn the 5th of June, Mattias Dyberg sold around 3k shares on-market at roughly kr42.42 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr247k more than they sold in the last 12 months.공지 • May 13CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS.CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS on May 12, 2025. As part of consideration, NOK 113.75 million, divided into one-third shares and two-thirds cash. The number of newly issued shares in CombinedX is 1,016,034 1 , which corresponds to a dilution of 5.3%. The shares received are subject to the sellers' lock-up until the end of 2027, which contains customary exceptions. In addition, the sellers may receive an annual additional purchase price of a maximum of NOK 18.75 million/year based on profit growth in 2025, 2026 and 2027, a total maximum of NOK 56.25 million. The sellers have committed to reinvest 20% of the additional purchase price paid in shares in CombinedX, however, a maximum of 2 million NOK per year, with a lock-up, which contains customary exceptions, until the end of 2027. The sellers consist of the founders of, and employees of, Align, all of whom are operational key personnel within Align, which ensures continuity and commitment to the continued operations. The acquisition is expected to contribute to an increase in CombinedX’s EBITA margin and earnings per share. CombinedX intends to raise SEK 35 million in new acquisition credits and finance the remaining cash from its own cash. The number of shares is calculated based on a volume-weighted average price 15 trading days prior to the day of signing the LOI on April 9, 2025, corresponding to 36.54 SEK/share, with deduction for the decided dividend of 1.40 SEK/share, and the average price of NOK/SEK during the same period, corresponding to 1.05 NOK/SEK. The expected completion of the transaction in May, 2025.분석 기사 • May 10CombinedX AB (publ) Just Recorded A 19% EPS Beat: Here's What Analysts Are Forecasting NextAs you might know, CombinedX AB (publ) ( STO:CX ) recently reported its first-quarter numbers. Revenues kr239m...Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: kr0.95 (down from kr1.02 in 1Q 2024). Revenue: kr240.0m (up 6.8% from 1Q 2024). Net income: kr17.3m (flat on 1Q 2024). Profit margin: 7.2% (down from 7.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 01Upcoming dividend of kr1.40 per shareEligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (2.3%).분석 기사 • Apr 06CombinedX (STO:CX) Is Reducing Its Dividend To SEK1.40CombinedX AB (publ) ( STO:CX ) has announced that on 15th of May, it will be paying a dividend ofSEK1.40, which a...Declared Dividend • Apr 06Dividend reduced to kr1.40Dividend of kr1.40 is 30% lower than last year. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Feb 18CombinedX AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearIt's been a pretty great week for CombinedX AB (publ) ( STO:CX ) shareholders, with its shares surging 13% to kr36.80...Price Target Changed • Feb 17Price target increased by 7.4% to kr58.00Up from kr54.00, the current price target is provided by 1 analyst. New target price is 58% above last closing price of kr36.80. Stock is down 11% over the past year. The company is forecast to post earnings per share of kr3.50 for next year compared to kr2.82 last year.Reported Earnings • Feb 15Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: kr2.82 (down from kr4.15 in FY 2023). Revenue: kr930.8m (up 22% from FY 2023). Net income: kr50.6m (down 29% from FY 2023). Profit margin: 5.4% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the IT industry in Sweden.분석 기사 • Feb 14CombinedX (STO:CX) Will Want To Turn Around Its Return TrendsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...공지 • Feb 14CombinedX AB (publ), Annual General Meeting, May 07, 2025CombinedX AB (publ), Annual General Meeting, May 07, 2025.Recent Insider Transactions • Nov 22Head of X-Sales recently bought kr159k worth of stockOn the 20th of November, Rikard Bostrom bought around 5k shares on-market at roughly kr31.80 per share. This transaction amounted to 16% 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 kr1.1m more in shares than they have sold in the last 12 months.Major Estimate Revision • Nov 01Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr968.5m to kr930.5m. EPS estimate also fell from kr3.36 per share to kr2.62 per share. Net income forecast to grow 17% next year vs 15% growth forecast for IT industry in Sweden. Consensus price target down from kr58.00 to kr54.00. Share price fell 2.3% to kr33.40 over the past week.분석 기사 • Oct 30CombinedX AB (publ) Just Missed EPS By 60%: Here's What Analysts Think Will Happen NextAs you might know, CombinedX AB (publ) ( STO:CX ) last week released its latest third-quarter, and things did not turn...Reported Earnings • Oct 25Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: kr0.20 (down from kr0.84 in 3Q 2023). Revenue: kr196.8m (up 28% from 3Q 2023). Net income: kr3.70m (down 74% from 3Q 2023). Profit margin: 1.9% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the IT industry in Sweden.Price Target Changed • Oct 15Price target decreased by 11% to kr58.00Down from kr65.00, the current price target is provided by 1 analyst. New target price is 57% above last closing price of kr37.00. Stock is up 28% over the past year. The company is forecast to post earnings per share of kr3.36 for next year compared to kr4.15 last year.Recent Insider Transactions • Aug 08Head of X-Sales recently bought kr200k worth of stockOn the 5th of August, Rikard Bostrom bought around 5k shares on-market at roughly kr40.00 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr480k. Insiders have collectively bought kr1.5m more in shares than they have sold in the last 12 months.분석 기사 • Jul 24CombinedX AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowIt's shaping up to be a tough period for CombinedX AB (publ) ( STO:CX ), which a week ago released some disappointing...Price Target Changed • Jul 23Price target decreased by 11% to kr58.00Down from kr65.00, the current price target is provided by 1 analyst. New target price is 38% above last closing price of kr41.90. Stock is up 35% over the past year. The company is forecast to post earnings per share of kr3.07 for next year compared to kr4.15 last year.Reported Earnings • Jul 22Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: kr0.56 (down from kr1.01 in 2Q 2023). Revenue: kr251.9m (up 31% from 2Q 2023). Net income: kr10.2m (down 41% from 2Q 2023). Profit margin: 4.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the IT industry in Sweden.분석 기사 • Jul 20Estimating The Intrinsic Value Of CombinedX AB (publ) (STO:CX)Key Insights The projected fair value for CombinedX is kr54.04 based on 2 Stage Free Cash Flow to Equity Current share...Recent Insider Transactions • May 31Head of X-Sales recently bought kr480k worth of stockOn the 28th of May, Rikard Bostrom bought around 10k shares on-market at roughly kr48.00 per share. This transaction amounted to 63% 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 kr1.0m more in shares than they have sold in the last 12 months.Reported Earnings • May 08First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: kr1.02 (down from kr1.05 in 1Q 2023). Revenue: kr225.4m (up 7.7% from 1Q 2023). Net income: kr17.4m (down 2.8% from 1Q 2023). Profit margin: 7.7% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Sweden.Upcoming Dividend • May 01Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (2.1%).분석 기사 • Apr 23CombinedX's (STO:CX) Solid Profits Have Weak FundamentalsCombinedX AB (publ)'s ( STO:CX ) robust earnings report didn't manage to move the market for its stock. We did some...New Risk • Apr 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (kr986.3m market cap, or US$93.5m).Recent Insider Transactions • Feb 27Independent Chairman of the Board recently sold kr10m worth of stockOn the 23rd of February, Niklas Hellberg sold around 250k shares on-market at roughly kr41.50 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Niklas' only on-market trade for the last 12 months.분석 기사 • Feb 27CombinedX AB (publ) (STO:CX) Shares Fly 28% But Investors Aren't Buying For GrowthCombinedX AB (publ) ( STO:CX ) shareholders have had their patience rewarded with a 28% share price jump in the last...분석 기사 • Feb 24News Flash: One Analyst Just Made A Captivating Upgrade To Their CombinedX AB (publ) (STO:CX) ForecastsCelebrations may be in order for CombinedX AB (publ) ( STO:CX ) shareholders, with the covering analyst delivering a...Major Estimate Revision • Feb 23Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr821.5m to kr950.6m. EPS estimate increased from kr3.88 to kr3.96 per share. Net income forecast to grow 0.7% next year vs 21% growth forecast for IT industry in Sweden. Consensus price target of kr61.00 unchanged from last update. Share price rose 7.0% to kr44.30 over the past week.Price Target Changed • Feb 09Price target increased by 7.0% to kr61.00Up from kr57.00, the current price target is provided by 1 analyst. New target price is 46% above last closing price of kr41.90. Stock is up 23% over the past year. The company is forecast to post earnings per share of kr3.88 for next year compared to kr4.15 last year.Reported Earnings • Feb 08Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: kr4.15 (up from kr2.13 in FY 2022). Revenue: kr767.3m (up 18% from FY 2022). Net income: kr70.9m (up 101% from FY 2022). Profit margin: 9.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Sweden.분석 기사 • Feb 08There Are Reasons To Feel Uneasy About CombinedX's (STO:CX) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Oct 29Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: kr0.84 (up from kr0.43 in 3Q 2022). Revenue: kr154.0m (down 6.2% from 3Q 2022). Net income: kr14.4m (up 99% from 3Q 2022). Profit margin: 9.4% (up from 4.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 43%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Sweden.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr34.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the IT industry in Sweden. Negligible returns to shareholders over past year.Recent Insider Transactions • Sep 14Head of X-Sales recently bought kr299k worth of stockOn the 11th of September, Rikard Bostrom bought around 10k shares on-market at roughly kr31.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months.Upcoming Dividend • Apr 28Upcoming dividend of kr1.05 per share at 2.9% yieldEligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (5.0%). Higher than average of industry peers (2.1%).공지 • Jan 12CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million.CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million on January 10, 2023. The purchase price SEK 26 million to be paid in cash, SEK 5 million in new shares. To carry out set-off issue of 175,118 shares towards sellers of absfront. Of maximum purchase price, SEK 7.5 million is earn-out, deal to positively affect co's revenue, ebitda-margin in 2023.CombinedX AB (publ) (OM:CX) completed the acquisition of Absfront AB for SEK 38.5 million on January 10, 2023.Recent Insider Transactions • Dec 23President & CEO recently bought kr57k worth of stockOn the 20th of December, Joergen Qwist bought around 2k shares on-market at roughly kr28.22 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Joergen has been a buyer over the last 12 months, purchasing a net total of kr574k worth in shares.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역CombinedX가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이OM:CX 매출, 비용 및 순이익 (SEK Millions)날짜매출순이익일반관리비연구개발비31 Mar 269683573031 Dec 259493872030 Sep 259334767030 Jun 259294666031 Mar 259465167031 Dec 249315171030 Sep 248835376030 Jun 248416375031 Mar 247827068031 Dec 237667164030 Sep 237566268030 Jun 237305067031 Mar 236994167031 Dec 226513564030 Sep 226023658030 Jun 225863952031 Mar 225765150031 Dec 215604946030 Sep 215503146030 Jun 21549249031 Mar 21543-1127031 Dec 20533-1558030 Sep 20486-873030 Jun 204601583031 Mar 20418-1132031 Dec 19389-2122031 Oct 193942123031 Jul 1937711118030 Apr 193658114031 Jan 1934015101031 Oct 183152188031 Jul 182731079030 Apr 182501775030 Apr 171941452030 Apr 161761470양질의 수익: CX는 고품질 수익을 보유하고 있습니다.이익 마진 증가: CX의 현재 순 이익률 (3.6%)은 지난해 (5.3%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: CX는 지난 5년 동안 흑자전환하며 연평균 13.7%의 수익 성장을 기록했습니다.성장 가속화: CX은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: CX은 지난 1년 동안 수익이 감소(-30.3%)하여 IT 업계 평균(-7.3%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: CX의 자본 수익률(7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 13:16종가2026/05/08 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 소스CombinedX AB (publ)는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Fredrik NilssonRedeye
분석 기사 • Feb 19There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing EarningsInvestors were disappointed with the weak earnings posted by CombinedX AB (publ) ( STO:CX ). Despite the soft profit...
Reported Earnings • Feb 15Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr1.99 (down from kr2.82 in FY 2024). Revenue: kr951.2m (up 2.2% from FY 2024). Net income: kr37.7m (down 26% from FY 2024). Profit margin: 4.0% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.
Reported Earnings • Oct 26Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: kr0.21 (up from kr0.20 in 3Q 2024). Revenue: kr200.9m (up 2.3% from 3Q 2024). Net income: kr4.00m (up 8.1% from 3Q 2024). Profit margin: 2.0% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
분석 기사 • Jul 25CombinedX's (STO:CX) Conservative Accounting Might Explain Soft EarningsCombinedX AB (publ)'s ( STO:CX ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
Reported Earnings • Jul 18Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: kr0.31 (down from kr0.56 in 2Q 2024). Revenue: kr235.8m (down 6.2% from 2Q 2024). Net income: kr5.80m (down 43% from 2Q 2024). Profit margin: 2.5% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: kr0.95 (down from kr1.02 in 1Q 2024). Revenue: kr240.0m (up 6.8% from 1Q 2024). Net income: kr17.3m (flat on 1Q 2024). Profit margin: 7.2% (down from 7.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
New Risk • May 07New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (kr712.9m market cap, or US$77.2m).
분석 기사 • May 06News Flash: Analysts Just Made A Meaningful Upgrade To Their CombinedX AB (publ) (STO:CX) ForecastsCelebrations may be in order for CombinedX AB (publ) ( STO:CX ) shareholders, with the covering analyst delivering a...
Major Estimate Revision • May 05Consensus revenue estimates increase by 24%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from kr851.7m to kr1.05b. EPS estimate increased from kr1.88 to kr4.01 per share. Net income forecast to grow 105% next year vs 26% growth forecast for IT industry in Sweden. Consensus price target of kr55.00 unchanged from last update. Share price rose 3.1% to kr36.60 over the past week.
Upcoming Dividend • Apr 30Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 07 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Swedish dividend payers (4.2%). In line with average of industry peers (3.0%).
분석 기사 • Apr 07One Analyst Just Shaved Their CombinedX AB (publ) (STO:CX) Forecasts DramaticallyThe analyst covering CombinedX AB (publ) ( STO:CX ) delivered a dose of negativity to shareholders today, by making a...
Major Estimate Revision • Apr 07Consensus revenue estimates fall by 18%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.04b to kr851.7m. EPS estimate fell from kr3.31 to kr1.88 per share. Net income forecast to shrink 4.0% next year vs 34% growth forecast for IT industry in Sweden . Consensus price target up from kr52.00 to kr55.00. Share price rose 18% to kr34.90 over the past week.
분석 기사 • Feb 19There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing EarningsInvestors were disappointed with the weak earnings posted by CombinedX AB (publ) ( STO:CX ). Despite the soft profit...
Major Estimate Revision • Feb 18Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from kr1.09b to kr1.04b. EPS estimate also fell from kr4.14 per share to kr3.31 per share. Net income forecast to grow 69% next year vs 40% growth forecast for IT industry in Sweden. Consensus price target down from kr55.00 to kr52.00. Share price fell 10% to kr32.70 over the past week.
분석 기사 • Feb 15Earnings Miss: CombinedX AB (publ) Missed EPS By 15% And Analysts Are Revising Their ForecastsIt's been a mediocre week for CombinedX AB (publ) ( STO:CX ) shareholders, with the stock dropping 12% to kr32.90 in...
Reported Earnings • Feb 15Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: kr1.99 (down from kr2.82 in FY 2024). Revenue: kr951.2m (up 2.2% from FY 2024). Net income: kr37.7m (down 26% from FY 2024). Profit margin: 4.0% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year.
분석 기사 • Feb 14CombinedX (STO:CX) Has Announced That Its Dividend Will Be Reduced To SEK1.00The board of CombinedX AB (publ) ( STO:CX ) has announced that the dividend on 13th of May will be reduced by 29% from...
Buy Or Sell Opportunity • Feb 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.2% to kr32.90. The fair value is estimated to be kr41.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
Declared Dividend • Feb 13Dividend reduced to kr1.00Dividend of kr1.00 is 29% lower than last year. Ex-date: 7th May 2026 Payment date: 13th May 2026 Dividend yield will be 3.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Feb 12CombinedX AB (publ) announces Annual dividend, payable on May 13, 2026CombinedX AB (publ) announced Annual dividend of SEK 1.0000 per share payable on May 13, 2026, ex-date on May 07, 2026 and record date on May 08, 2026.
Board Change • Feb 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Christian Hellman was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공지 • Nov 27CombinedX AB (publ), Annual General Meeting, May 06, 2026CombinedX AB (publ), Annual General Meeting, May 06, 2026.
Recent Insider Transactions • Nov 15Insider recently sold kr2.1m worth of stockOn the 13th of November, Bjorn Magnusson sold around 62k shares on-market at roughly kr33.71 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr2.2m more than they bought in the last 12 months.
Major Estimate Revision • Oct 31Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr2.61 to kr2.33 per share. Revenue forecast steady at kr951.0m. Net income forecast to grow 53% next year vs 23% growth forecast for IT industry in Sweden. Consensus price target of kr55.00 unchanged from last update. Share price fell 3.1% to kr34.90 over the past week.
Recent Insider Transactions • Oct 30Insider recently sold kr174k worth of stockOn the 27th of October, Bjorn Magnusson sold around 5k shares on-market at roughly kr34.80 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr138k more than they bought in the last 12 months.
분석 기사 • Oct 29Earnings Miss: CombinedX AB (publ) Missed EPS By 13% And Analysts Are Revising Their ForecastsThe analyst might have been a bit too bullish on CombinedX AB (publ) ( STO:CX ), given that the company fell short of...
Reported Earnings • Oct 26Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: kr0.21 (up from kr0.20 in 3Q 2024). Revenue: kr200.9m (up 2.3% from 3Q 2024). Net income: kr4.00m (up 8.1% from 3Q 2024). Profit margin: 2.0% (up from 1.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
분석 기사 • Jul 25CombinedX's (STO:CX) Conservative Accounting Might Explain Soft EarningsCombinedX AB (publ)'s ( STO:CX ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
분석 기사 • Jul 19CombinedX AB (publ) Just Missed Earnings - But Analysts Have Updated Their ModelsIt's shaping up to be a tough period for CombinedX AB (publ) ( STO:CX ), which a week ago released some disappointing...
Price Target Changed • Jul 18Price target decreased by 8.3% to kr55.00Down from kr60.00, the current price target is provided by 1 analyst. New target price is 47% above last closing price of kr37.30. Stock is down 14% over the past year. The company is forecast to post earnings per share of kr2.61 for next year compared to kr2.82 last year.
Reported Earnings • Jul 18Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: kr0.31 (down from kr0.56 in 2Q 2024). Revenue: kr235.8m (down 6.2% from 2Q 2024). Net income: kr5.80m (down 43% from 2Q 2024). Profit margin: 2.5% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
분석 기사 • Jul 18Returns On Capital Are Showing Encouraging Signs At CombinedX (STO:CX)To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Recent Insider Transactions • Jun 11Chief Executive Officer of Elvenite recently sold kr132k worth of stockOn the 5th of June, Mattias Dyberg sold around 3k shares on-market at roughly kr42.42 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr247k more than they sold in the last 12 months.
공지 • May 13CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS.CombinedX AB (publ) (OM:CX) entered into an agreement to acquire Align Consulting AS on May 12, 2025. As part of consideration, NOK 113.75 million, divided into one-third shares and two-thirds cash. The number of newly issued shares in CombinedX is 1,016,034 1 , which corresponds to a dilution of 5.3%. The shares received are subject to the sellers' lock-up until the end of 2027, which contains customary exceptions. In addition, the sellers may receive an annual additional purchase price of a maximum of NOK 18.75 million/year based on profit growth in 2025, 2026 and 2027, a total maximum of NOK 56.25 million. The sellers have committed to reinvest 20% of the additional purchase price paid in shares in CombinedX, however, a maximum of 2 million NOK per year, with a lock-up, which contains customary exceptions, until the end of 2027. The sellers consist of the founders of, and employees of, Align, all of whom are operational key personnel within Align, which ensures continuity and commitment to the continued operations. The acquisition is expected to contribute to an increase in CombinedX’s EBITA margin and earnings per share. CombinedX intends to raise SEK 35 million in new acquisition credits and finance the remaining cash from its own cash. The number of shares is calculated based on a volume-weighted average price 15 trading days prior to the day of signing the LOI on April 9, 2025, corresponding to 36.54 SEK/share, with deduction for the decided dividend of 1.40 SEK/share, and the average price of NOK/SEK during the same period, corresponding to 1.05 NOK/SEK. The expected completion of the transaction in May, 2025.
분석 기사 • May 10CombinedX AB (publ) Just Recorded A 19% EPS Beat: Here's What Analysts Are Forecasting NextAs you might know, CombinedX AB (publ) ( STO:CX ) recently reported its first-quarter numbers. Revenues kr239m...
Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: kr0.95 (down from kr1.02 in 1Q 2024). Revenue: kr240.0m (up 6.8% from 1Q 2024). Net income: kr17.3m (flat on 1Q 2024). Profit margin: 7.2% (down from 7.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Sweden. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 01Upcoming dividend of kr1.40 per shareEligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (2.3%).
분석 기사 • Apr 06CombinedX (STO:CX) Is Reducing Its Dividend To SEK1.40CombinedX AB (publ) ( STO:CX ) has announced that on 15th of May, it will be paying a dividend ofSEK1.40, which a...
Declared Dividend • Apr 06Dividend reduced to kr1.40Dividend of kr1.40 is 30% lower than last year. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Feb 18CombinedX AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearIt's been a pretty great week for CombinedX AB (publ) ( STO:CX ) shareholders, with its shares surging 13% to kr36.80...
Price Target Changed • Feb 17Price target increased by 7.4% to kr58.00Up from kr54.00, the current price target is provided by 1 analyst. New target price is 58% above last closing price of kr36.80. Stock is down 11% over the past year. The company is forecast to post earnings per share of kr3.50 for next year compared to kr2.82 last year.
Reported Earnings • Feb 15Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: kr2.82 (down from kr4.15 in FY 2023). Revenue: kr930.8m (up 22% from FY 2023). Net income: kr50.6m (down 29% from FY 2023). Profit margin: 5.4% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.6%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the IT industry in Sweden.
분석 기사 • Feb 14CombinedX (STO:CX) Will Want To Turn Around Its Return TrendsWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
공지 • Feb 14CombinedX AB (publ), Annual General Meeting, May 07, 2025CombinedX AB (publ), Annual General Meeting, May 07, 2025.
Recent Insider Transactions • Nov 22Head of X-Sales recently bought kr159k worth of stockOn the 20th of November, Rikard Bostrom bought around 5k shares on-market at roughly kr31.80 per share. This transaction amounted to 16% 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 kr1.1m more in shares than they have sold in the last 12 months.
Major Estimate Revision • Nov 01Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr968.5m to kr930.5m. EPS estimate also fell from kr3.36 per share to kr2.62 per share. Net income forecast to grow 17% next year vs 15% growth forecast for IT industry in Sweden. Consensus price target down from kr58.00 to kr54.00. Share price fell 2.3% to kr33.40 over the past week.
분석 기사 • Oct 30CombinedX AB (publ) Just Missed EPS By 60%: Here's What Analysts Think Will Happen NextAs you might know, CombinedX AB (publ) ( STO:CX ) last week released its latest third-quarter, and things did not turn...
Reported Earnings • Oct 25Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: kr0.20 (down from kr0.84 in 3Q 2023). Revenue: kr196.8m (up 28% from 3Q 2023). Net income: kr3.70m (down 74% from 3Q 2023). Profit margin: 1.9% (down from 9.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the IT industry in Sweden.
Price Target Changed • Oct 15Price target decreased by 11% to kr58.00Down from kr65.00, the current price target is provided by 1 analyst. New target price is 57% above last closing price of kr37.00. Stock is up 28% over the past year. The company is forecast to post earnings per share of kr3.36 for next year compared to kr4.15 last year.
Recent Insider Transactions • Aug 08Head of X-Sales recently bought kr200k worth of stockOn the 5th of August, Rikard Bostrom bought around 5k shares on-market at roughly kr40.00 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr480k. Insiders have collectively bought kr1.5m more in shares than they have sold in the last 12 months.
분석 기사 • Jul 24CombinedX AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowIt's shaping up to be a tough period for CombinedX AB (publ) ( STO:CX ), which a week ago released some disappointing...
Price Target Changed • Jul 23Price target decreased by 11% to kr58.00Down from kr65.00, the current price target is provided by 1 analyst. New target price is 38% above last closing price of kr41.90. Stock is up 35% over the past year. The company is forecast to post earnings per share of kr3.07 for next year compared to kr4.15 last year.
Reported Earnings • Jul 22Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: kr0.56 (down from kr1.01 in 2Q 2023). Revenue: kr251.9m (up 31% from 2Q 2023). Net income: kr10.2m (down 41% from 2Q 2023). Profit margin: 4.0% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the IT industry in Sweden.
분석 기사 • Jul 20Estimating The Intrinsic Value Of CombinedX AB (publ) (STO:CX)Key Insights The projected fair value for CombinedX is kr54.04 based on 2 Stage Free Cash Flow to Equity Current share...
Recent Insider Transactions • May 31Head of X-Sales recently bought kr480k worth of stockOn the 28th of May, Rikard Bostrom bought around 10k shares on-market at roughly kr48.00 per share. This transaction amounted to 63% 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 kr1.0m more in shares than they have sold in the last 12 months.
Reported Earnings • May 08First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: kr1.02 (down from kr1.05 in 1Q 2023). Revenue: kr225.4m (up 7.7% from 1Q 2023). Net income: kr17.4m (down 2.8% from 1Q 2023). Profit margin: 7.7% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Sweden.
Upcoming Dividend • May 01Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (2.1%).
분석 기사 • Apr 23CombinedX's (STO:CX) Solid Profits Have Weak FundamentalsCombinedX AB (publ)'s ( STO:CX ) robust earnings report didn't manage to move the market for its stock. We did some...
New Risk • Apr 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (kr986.3m market cap, or US$93.5m).
Recent Insider Transactions • Feb 27Independent Chairman of the Board recently sold kr10m worth of stockOn the 23rd of February, Niklas Hellberg sold around 250k shares on-market at roughly kr41.50 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Niklas' only on-market trade for the last 12 months.
분석 기사 • Feb 27CombinedX AB (publ) (STO:CX) Shares Fly 28% But Investors Aren't Buying For GrowthCombinedX AB (publ) ( STO:CX ) shareholders have had their patience rewarded with a 28% share price jump in the last...
분석 기사 • Feb 24News Flash: One Analyst Just Made A Captivating Upgrade To Their CombinedX AB (publ) (STO:CX) ForecastsCelebrations may be in order for CombinedX AB (publ) ( STO:CX ) shareholders, with the covering analyst delivering a...
Major Estimate Revision • Feb 23Consensus revenue estimates increase by 16%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr821.5m to kr950.6m. EPS estimate increased from kr3.88 to kr3.96 per share. Net income forecast to grow 0.7% next year vs 21% growth forecast for IT industry in Sweden. Consensus price target of kr61.00 unchanged from last update. Share price rose 7.0% to kr44.30 over the past week.
Price Target Changed • Feb 09Price target increased by 7.0% to kr61.00Up from kr57.00, the current price target is provided by 1 analyst. New target price is 46% above last closing price of kr41.90. Stock is up 23% over the past year. The company is forecast to post earnings per share of kr3.88 for next year compared to kr4.15 last year.
Reported Earnings • Feb 08Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: kr4.15 (up from kr2.13 in FY 2022). Revenue: kr767.3m (up 18% from FY 2022). Net income: kr70.9m (up 101% from FY 2022). Profit margin: 9.2% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the IT industry in Sweden.
분석 기사 • Feb 08There Are Reasons To Feel Uneasy About CombinedX's (STO:CX) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Oct 29Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: kr0.84 (up from kr0.43 in 3Q 2022). Revenue: kr154.0m (down 6.2% from 3Q 2022). Net income: kr14.4m (up 99% from 3Q 2022). Profit margin: 9.4% (up from 4.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 43%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Sweden.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to kr34.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the IT industry in Sweden. Negligible returns to shareholders over past year.
Recent Insider Transactions • Sep 14Head of X-Sales recently bought kr299k worth of stockOn the 11th of September, Rikard Bostrom bought around 10k shares on-market at roughly kr31.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months.
Upcoming Dividend • Apr 28Upcoming dividend of kr1.05 per share at 2.9% yieldEligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (5.0%). Higher than average of industry peers (2.1%).
공지 • Jan 12CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million.CombinedX AB (publ) (OM:CX) acquired Absfront AB for SEK 38.5 million on January 10, 2023. The purchase price SEK 26 million to be paid in cash, SEK 5 million in new shares. To carry out set-off issue of 175,118 shares towards sellers of absfront. Of maximum purchase price, SEK 7.5 million is earn-out, deal to positively affect co's revenue, ebitda-margin in 2023.CombinedX AB (publ) (OM:CX) completed the acquisition of Absfront AB for SEK 38.5 million on January 10, 2023.
Recent Insider Transactions • Dec 23President & CEO recently bought kr57k worth of stockOn the 20th of December, Joergen Qwist bought around 2k shares on-market at roughly kr28.22 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Joergen has been a buyer over the last 12 months, purchasing a net total of kr574k worth in shares.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Niklas Flyborg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.