New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Buy Or Sell Opportunity • May 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 65% to kr173. The fair value is estimated to be kr143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 38%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 164% in the next 2 years. Recent Insider Transactions • May 27
Chief Executive Officer recently bought kr3.3m worth of stock On the 20th of May, Werner Becher bought around 21k shares on-market at roughly kr156 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Werner's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr153, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr136 per share. Board Change • Apr 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 09
Kambi Group plc, Annual General Meeting, May 21, 2026 Kambi Group plc, Annual General Meeting, May 21, 2026, at 13:30 W. Europe Standard Time. Location: avenue 77 complex, triq in-negozju, zone 3, central business district, birkirkara, cbd 3010, malta, Sweden Board Change • Mar 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 19
Full year 2025 earnings released: EPS: €0.24 (vs €0.52 in FY 2024) Full year 2025 results: EPS: €0.24 (down from €0.52 in FY 2024). Revenue: €162.0m (down 8.2% from FY 2024). Net income: €6.81m (down 56% from FY 2024). Profit margin: 4.2% (down from 8.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • Jan 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 08
Kambi Group plc to Report Fiscal Year 2025 Final Results on Mar 26, 2026 Kambi Group plc announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Mar 26, 2026 Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr136, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 31% over the past three years. New Risk • Nov 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Nov 06
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €37.4m (down 13% from 3Q 2024). Net income: €1.02m (down 59% from 3Q 2024). Profit margin: 2.7% (down from 5.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Oct 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 9.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 24
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €40.5m (down 12% from 2Q 2024). Net income: €244.0k (down 95% from 2Q 2024). Profit margin: 0.6% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 27
Kambi Group plc (OM:KAMBI) commences an Equity Buyback Plan for 2,990,362 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2025. Kambi Group plc (OM:KAMBI) commences a share repurchases on June 19, 2025, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 19, 2025. As per the mandate, the company is authorized to repurchase up to 2,990,362 shares representing 10% of its share capital. The minimum price that may be paid for the shares is SEK 1 per share and the maximum price that may be paid for the shares is SEK 1,000 per share. The authority shall expire on the date of the 2026 Annual General Meeting, but in any case shall not exceed the period of 18 months, but not so as to prejudice the completion of a purchase contracted before that date. As of April 10, 2025, the company had 29,903,619 issue.
On June 18, 2025, the company announced repurchase program. Under the program, the company will repurchase up to £15 million worth of its shares in two parts. The company has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. Under the first program, the company will purchase up to 996,787 shares for £5 million. The program will run from the date of this announcement until August 15, 2025. Under the second program, the company will purchase up to 1,993,575 shares for £10 million. The program will run from August 18, 2025 and will expire on November 21, 2025. The purchased shares will be used for company's future obligations arising from its employee share option program. The purchased shares will be held as treasury shares until the future exercise of employee share options. Aankondiging • May 20
Kambi Group plc Appoints Anna Nordell Westling as Additional New Directors Kambi Group plc at its AGM held on 19 May 2025 appointed Anna Nordell Westling and Ronnie Bodinger as additional new Directors. Reported Earnings • May 02
First quarter 2025 earnings released First quarter 2025 results: Revenue: €41.5m (down 4.0% from 1Q 2024). Net income: €798.0k (down 75% from 1Q 2024). Profit margin: 1.9% (down from 7.5% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr114, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr175 per share. Aankondiging • Apr 10
Kambi Group plc, Annual General Meeting, May 19, 2025 Kambi Group plc, Annual General Meeting, May 19, 2025, at 13:00 Central European Standard Time. Location: at avenue 77 complex, a4, triq in-negozju, zone 3, central business district, birkirkara, cbd 3010, Malta Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: €0.52 (vs €0.49 in FY 2023) Full year 2024 results: EPS: €0.52 (up from €0.49 in FY 2023). Revenue: €176.4m (up 1.8% from FY 2023). Net income: €15.4m (up 3.7% from FY 2023). Profit margin: 8.8% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: €0.52 (vs €0.49 in FY 2023) Full year 2024 results: EPS: €0.52 (up from €0.49 in FY 2023). Revenue: €176.4m (up 1.8% from FY 2023). Net income: €15.4m (up 3.7% from FY 2023). Profit margin: 8.8% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 16
Kambi Group plc Appoints Mattias Frithiof as Senior Vice President Investor Relations & Sustainability Kambi Group plc announced the appointment of Mattias Frithiof as Senior Vice President (SVP) Investor Relations & Sustainability, effective 16 January 2025. Frithiof brings over 15 years of experience in investor relations and finance to his new role at Kambi having previously worked at financial institutions including Moody’s and Swedbank. He joins Kambi from Stockholm-listed audiobook and e-book streaming services company Storytel, where he served as Head of Investor Relations. Based in Stockholm and reporting to Kambi CFO David Kenyon, Frithiof will lead and execute Kambi's investor relations strategy, building and maintaining strong relationships with investors, sell-side analysts and other key stakeholders. He will be responsible for communicating Kambi’s financial performance and growth strategy to the analyst and shareholder communities, as well as leading Kambi’s corporate social responsibility (CSR) strategy. Recent Insider Transactions • Nov 29
Director recently bought kr537k worth of stock On the 21st of November, Lars Patrick Clase bought around 5k shares on-market at roughly kr107 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.4m more in shares than they have sold in the last 12 months. Aankondiging • Nov 13
Kambi Group plc to Report Fiscal Year 2024 Results on Mar 27, 2025 Kambi Group plc announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Mar 27, 2025 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to kr106, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr165 per share. Reported Earnings • Nov 07
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €43.0m (up 2.2% from 3Q 2023). Net income: €2.49m (down 30% from 3Q 2023). Profit margin: 5.8% (down from 8.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Oct 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Aankondiging • Sep 06
Genius Sports Addresses Media Speculation Regarding Potential Acquisition of Kambi Group In response to these rumours, Mark Locke, Chief Executive Officer of Genius Sports Limited (NYSE:GENI) issued the following statement: ‘As policy, we do not comment on unfounded and ill-informed rumours. To prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi Group plc (OM:KAMBI)’. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr132, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr230 per share. Buy Or Sell Opportunity • Aug 03
Now 21% undervalued Over the last 90 days, the stock has risen 22% to kr120. The fair value is estimated to be kr152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: €0.15 (vs €0.083 in 2Q 2023) Second quarter 2024 results: EPS: €0.15 (up from €0.083 in 2Q 2023). Revenue: €45.7m (up 6.6% from 2Q 2023). Net income: €4.66m (up 83% from 2Q 2023). Profit margin: 10% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Hospitality industry in the United Kingdom. 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 32% per year, which means it has not declined as severely as earnings. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin). Aankondiging • Jul 01
Kambi Group plc Appoints Werner Becher as CEO, Effective July 25, 2024 The Board of Kambi Group plc (Kambi) has appointed former Sportradar chief Werner Becher as the Company’s new CEO, succeeding the outgoing Kristian Nylén. Becher will officially assume the position on 25 July, 2024 the day after the publication of Kambi’s Second Quarter 2024 report. Following a thorough search and selection process comprised of a strong pool of candidates, Becher has been assigned to lead Kambi into its next phase of growth, having previously held senior positions within the sports betting industry, both in B2B and B2C companies, alongside earlier experience gained in the technology sector. Becher was a key figure at global sports data and betting supplier Sportradar for four years from 2019, initially as Managing Director of its US-facing Betting arm before assuming the position of CEO of its Europe, Middle East and Africa and Latin America business. Becher played a pivotal role in the successful Nasdaq IPO of Sportradar in September 2021. Becher was previously CEO of European betting and gaming operator Interwetten for eight years, where he led the company through a period of sustained growth. Most recently, Becher served as an independent investor and advisor. On joining Kambi, Becher will be tasked with building on the Company’s success and its position of the industry’s leading sports betting partner. Kambi recently embarked on a modularisation strategy which has seen it open up its platform, incubate its AI-pricing division, Tzeract, and acquire highly complementary businesses in Abios and Shape Games. The hire of Becher comes after Kambi co-founder Nylén announced in January he would, upon the appointment of a successor, step down from the position he has held since 2010. In May, Nylén was elected to the Kambi Board of Directors at the Company’s Annual General Meeting. Nylén will provide ongoing support to Becher to ensure a seamless handover. Aankondiging • May 23
Kambi Group plc Approves Board Changes Kambi Group plc held its Annual General Meeting on 21 May 2024. The company approved the Kristian Nylén and Benjie Cherniak were appointed as additional new Directors. The Board extends its gratitude to Lars Stugemo and Cecilia de Leeuw for their dedicated service and contributions. Buy Or Sell Opportunity • May 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to kr102. The fair value is estimated to be kr131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Recent Insider Transactions • Apr 30
Director recently bought kr743k worth of stock On the 24th of April, Lars Patrick Clase bought around 8k shares on-market at roughly kr92.88 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr1.1m. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: €43.2m (down 1.9% from 1Q 2023). Net income: €3.24m (down 1.3% from 1Q 2023). Profit margin: 7.5% (up from 7.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: €0.49 (vs €0.86 in FY 2022) Full year 2023 results: EPS: €0.49 (down from €0.86 in FY 2022). Revenue: €173.3m (up 4.4% from FY 2022). Net income: €14.9m (down 44% from FY 2022). Profit margin: 8.6% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Mar 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to kr96.88. The fair value is estimated to be kr123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.6% net profit margin). Significant insider selling over the past 3 months (kr3.5m sold). Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: €0.49 (vs €0.86 in FY 2022) Full year 2023 results: EPS: €0.49 (down from €0.86 in FY 2022). Revenue: €173.3m (up 4.4% from FY 2022). Net income: €14.9m (down 44% from FY 2022). Profit margin: 8.6% (down from 16% in FY 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jan 25
Now 20% overvalued Over the last 90 days, the stock has fallen 9.0% to kr142. The fair value is estimated to be kr118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 9.5%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 2.5% in the next 2 years. Recent Insider Transactions • Dec 04
Chief Executive Officer recently bought kr898k worth of stock On the 28th of November, Kristian Nylen bought around 6k shares on-market at roughly kr163 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kristian has been a buyer over the last 12 months, purchasing a net total of kr510k worth in shares. Aankondiging • Nov 17
Kambi Group plc Announces Resignation of Lars Stugemo from Board Kambi Group plc’s announced that Lars Stugemo notified the Nomination Committee that he does not intend to seek re-election at the Kambi Annual General Meeting (AGM) 2024 and has therefore decided to step down. Stugemo will leave the Board with immediate effect and continue to serve as a member of the Nomination Committee nominated by Kambi’s shareholder Veralda Investment Ltd. Ström brings vast industry experience to the role as Chair, having founded Kindred Group in 1997 and then later co-founding Kambi alongside CEO Kristian Nylén in 2010. Ström has also been a Kambi Board member since its formation. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr174, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr185 per share. Buying Opportunity • Nov 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be kr190, 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. Earnings per share has declined by 9.5%. Revenue is forecast to grow by 6.4% in 2 years. Earnings is forecast to decline by 3.9% in the next 2 years. Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €42.1m (up 15% from 3Q 2022). Net income: €3.55m (up 37% from 3Q 2022). Profit margin: 8.4% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: €0.083 (vs €0.11 in 2Q 2022) Second quarter 2023 results: EPS: €0.083 (down from €0.11 in 2Q 2022). Revenue: €42.9m (up 24% from 2Q 2022). Net income: €2.55m (down 24% from 2Q 2022). Profit margin: 5.9% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to kr199, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr98.15 per share. Reported Earnings • Apr 05
Full year 2022 earnings released: EPS: €0.86 (vs €1.50 in FY 2021) Full year 2022 results: EPS: €0.86 (down from €1.50 in FY 2021). Revenue: €166.0m (up 2.2% from FY 2021). Net income: €26.5m (down 43% from FY 2021). Profit margin: 16% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: €0.86 (vs €1.50 in FY 2021) Full year 2022 results: EPS: €0.86 (down from €1.50 in FY 2021). Revenue: €166.0m (up 2.2% from FY 2021). Net income: €26.5m (down 43% from FY 2021). Profit margin: 16% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 16% share price gain to kr186, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr268 per share. Reported Earnings • Oct 26
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €36.7m (down 12% from 3Q 2021). Net income: €2.59m (down 78% from 3Q 2021). Profit margin: 7.1% (down from 29% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: €0.11 (vs €0.43 in 2Q 2021) Second quarter 2022 results: EPS: €0.11 (down from €0.43 in 2Q 2021). Revenue: €34.7m (down 19% from 2Q 2021). Net income: €3.34m (down 75% from 2Q 2021). Profit margin: 9.6% (down from 31% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 15%, compared to a 27% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr167, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr139 per share. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 16% share price gain to kr202, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 51% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr151 per share. Reported Earnings • Apr 27
First quarter 2022 earnings released First quarter 2022 results: Revenue: €36.9m (down 15% from 1Q 2021). Net income: €5.43m (down 64% from 1Q 2021). Profit margin: 15% (down from 35% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 10%, compared to a 39% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr167, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 66% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr158 per share. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: €1.50 (vs €0.78 in FY 2020) Full year 2021 results: EPS: €1.50 (up from €0.78 in FY 2020). Revenue: €162.4m (up 38% from FY 2020). Net income: €46.4m (up 93% from FY 2020). Profit margin: 29% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.2%, compared to a 38% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 18
Chief Operating Officer recently sold kr4.2m worth of stock On the 14th of February, Erik Logdberg sold around 16k shares on-market at roughly kr254 per share. This was the largest sale by an insider in the last 3 months. Erik has been a seller over the last 12 months, reducing personal holdings by kr16m. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.50 (up from €0.78 in FY 2020). Revenue: €162.4m (up 38% from FY 2020). Net income: €46.4m (up 93% from FY 2020). Profit margin: 29% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to stay flat compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 19% share price gain to kr263, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr468 per share. Recent Insider Transactions • Nov 10
Independent Director recently bought kr401k worth of stock On the 8th of November, Marlene Forsell bought around 2k shares on-market at roughly kr229 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr959k. Despite this recent purchase, insiders have collectively sold kr29m more in shares than they bought in the last 12 months. Recent Insider Transactions • Nov 03
Independent Chairman of the Board recently bought kr332k worth of stock On the 28th of October, Lars Stugemo bought around 1k shares on-market at roughly kr224 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr959k. Lars has been a buyer over the last 12 months, purchasing a net total of kr737k worth in shares. Reported Earnings • Oct 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €41.6m (up 48% from 3Q 2020). Net income: €11.9m (up 135% from 3Q 2020). Profit margin: 29% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 11
Director recently bought kr959k worth of stock On the 7th of September, Lars Patrick Clase bought around 4k shares on-market at roughly kr219 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr38m more in shares than they bought in the last 12 months. Recent Insider Transactions • Aug 27
Independent Chairman of the Board recently bought kr406k worth of stock On the 25th of August, Lars Stugemo bought around 2k shares on-market at roughly kr229 per share. This was the largest purchase by an insider in the last 3 months. This was Lars' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorated over the past week After last week's 31% share price decline to €256, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr151 per share. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS €0.43 (vs €0.099 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €42.8m (up 190% from 2Q 2020). Net income: €13.4m (up €16.4m from 2Q 2020). Profit margin: 31% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €432, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 316% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr256 per share. Reported Earnings • Apr 29
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €43.2m (up 55% from 1Q 2020). Net income: €15.1m (up 217% from 1Q 2020). Profit margin: 35% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 29
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €117.7m (up 28% from FY 2019). Net income: €24.1m (up 130% from FY 2019). Profit margin: 20% (up from 11% in FY 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. 