Buy Or Sell Opportunity • Jul 20
Now 25% overvalued Over the last 90 days, the stock has fallen 14% to kr57.70. The fair value is estimated to be kr46.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 24%. Upcoming Dividend • Apr 29
Upcoming dividend of kr1.80 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 12 May 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Swedish dividend payers (4.1%). In line with average of industry peers (2.8%). Reported Earnings • Apr 14
Full year 2025 earnings released: EPS: kr3.69 (vs kr7.27 in FY 2024) Full year 2025 results: EPS: kr3.69 (down from kr7.27 in FY 2024). Revenue: kr502.9m (up 2.9% from FY 2024). Net income: kr39.1m (down 49% from FY 2024). Profit margin: 7.8% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 29
Dividend of kr1.80 announced Dividend of kr1.80 is the same as last year. Ex-date: 6th May 2026 Payment date: 12th May 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 18
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: 7.6% Last year net profit margin: 16% 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 (7.6% net profit margin). Market cap is less than US$100m (kr735.6m market cap, or US$81.9m). Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: kr3.69 (vs kr7.27 in FY 2024) Full year 2025 results: EPS: kr3.69 (down from kr7.27 in FY 2024). Revenue: kr512.9m (up 5.0% from FY 2024). Net income: kr39.1m (down 49% from FY 2024). Profit margin: 7.6% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 14
Novotek AB, Annual General Meeting, May 05, 2026 Novotek AB, Annual General Meeting, May 05, 2026. Location: malmo Sweden Reported Earnings • Nov 09
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr118.6m (flat on 3Q 2024). Net income: kr12.6m (up 27% from 3Q 2024). Profit margin: 11% (up from 8.4% in 3Q 2024). New Risk • Sep 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to kr118, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 15x in the IT industry in Sweden. Total returns to shareholders of 203% over the past three years. New Risk • Aug 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr918.0m (US$95.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr918.0m market cap, or US$95.7m). Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: kr0.43 (vs kr0.93 in 2Q 2024) Second quarter 2025 results: EPS: kr0.43 (down from kr0.93 in 2Q 2024). Revenue: kr123.8m (up 39% from 2Q 2024). Net income: kr4.60m (down 53% from 2Q 2024). Profit margin: 3.7% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: kr0.93 (vs kr0.93 in 1Q 2024) First quarter 2025 results: EPS: kr0.93 (in line with 1Q 2024). Revenue: kr122.2m (down 10% from 1Q 2024). Net income: kr9.80m (flat on 1Q 2024). Profit margin: 8.0% (up from 7.2% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of kr1.80 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 12 May 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Swedish dividend payers (4.1%). In line with average of industry peers (2.3%). Declared Dividend • Apr 06
Dividend increased to kr1.80 Dividend of kr1.80 is 9.1% higher than last year. Ex-date: 6th May 2025 Payment date: 12th May 2025 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (kr843.8m market cap, or US$79.3m). Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: kr7.27 (vs kr3.09 in FY 2023) Full year 2024 results: EPS: kr7.27 (up from kr3.09 in FY 2023). Revenue: kr522.3m (up 3.9% from FY 2023). Net income: kr77.1m (up 135% from FY 2023). Profit margin: 15% (up from 6.5% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 14
Novotek AB, Annual General Meeting, May 05, 2025 Novotek AB, Annual General Meeting, May 05, 2025, at 17:00 W. Europe Standard Time. Location: malmo Sweden Board Change • Feb 01
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. 3 experienced directors. 2 highly experienced directors. Chairman of the Board Sven Kristensson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr118.4m (up 12% from 3Q 2023). Net income: kr9.90m (up 330% from 3Q 2023). Profit margin: 8.4% (up from 2.2% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: kr0.76 (vs kr0.65 in 2Q 2023) Second quarter 2024 results: EPS: kr0.76 (up from kr0.65 in 2Q 2023). Revenue: kr125.1m (flat on 2Q 2023). Net income: kr8.00m (up 16% from 2Q 2023). Profit margin: 6.4% (up from 5.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 16
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to kr67.00. The fair value is estimated to be kr86.54, 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 4.2%. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: kr0.93 (vs kr0.66 in 1Q 2023) First quarter 2024 results: EPS: kr0.93 (up from kr0.66 in 1Q 2023). Revenue: kr136.3m (up 18% from 1Q 2023). Net income: kr9.80m (up 40% from 1Q 2023). Profit margin: 7.2% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 30
Upcoming dividend of kr1.65 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 14 May 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr58.50, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 17x in the IT industry in Sweden. Total returns to shareholders of 41% over the past three years. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: kr3.09 (vs kr2.93 in FY 2022) Full year 2023 results: EPS: kr3.09 (up from kr2.93 in FY 2022). Revenue: kr503.0m (up 16% from FY 2022). Net income: kr32.8m (up 5.7% from FY 2022). Profit margin: 6.5% (down from 7.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr42.70, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 15x in the IT industry in Sweden. Total returns to shareholders of 24% over the past three years. Aankondiging • Nov 11
Novotek AB, Annual General Meeting, May 06, 2024 Novotek AB, Annual General Meeting, May 06, 2024. Buying Opportunity • Nov 10
Now 22% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be kr64.26, 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 grown by 3.2%. Buying Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be kr64.33, 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 grown by 3.2%. Reported Earnings • Aug 21
Second quarter 2023 earnings released: EPS: kr0.65 (vs kr0.52 in 2Q 2022) Second quarter 2023 results: EPS: kr0.65 (up from kr0.52 in 2Q 2022). Revenue: kr125.9m (up 38% from 2Q 2022). Net income: kr6.90m (up 26% from 2Q 2022). Profit margin: 5.5% (down from 6.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr52.00, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 16x in the IT industry in Sweden. Total returns to shareholders of 99% over the past three years. Upcoming Dividend • May 02
Upcoming dividend of kr1.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Swedish dividend payers (5.1%). Higher than average of industry peers (2.1%). Buying Opportunity • Mar 13
Now 22% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be kr68.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.2%. Buying Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be kr69.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.2%. Reported Earnings • Feb 19
Full year 2022 earnings released: EPS: kr2.93 (vs kr3.75 in FY 2021) Full year 2022 results: EPS: kr2.93 (down from kr3.75 in FY 2021). Revenue: kr433.6m (up 11% from FY 2021). Net income: kr31.0m (down 22% from FY 2021). Profit margin: 7.1% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr53.40, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 16x in the IT industry in Sweden. Total returns to shareholders of 47% over the past three years. Buying Opportunity • Dec 15
Now 21% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be kr56.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr91.5m (down 16% from 2Q 2021). Net income: kr5.50m (down 58% from 2Q 2021). Profit margin: 6.0% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr49.50, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 16x in the IT industry in Sweden. Total returns to shareholders of 77% over the past three years. Aankondiging • Jun 22
Novotek AB to Report Fiscal Year 2022 Results on Feb 16, 2023 Novotek AB announced that they will report fiscal year 2022 results on Feb 16, 2023 Reported Earnings • May 12
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr106.4m (up 18% from 1Q 2021). Net income: kr7.10m (down 4.1% from 1Q 2021). Profit margin: 6.7% (down from 8.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Buying Opportunity • May 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be kr70.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 17%. Upcoming Dividend • May 04
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Swedish dividend payers (4.8%). Higher than average of industry peers (2.1%). Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: kr3.75 (vs kr2.68 in FY 2020) Full year 2021 results: EPS: kr3.75 (up from kr2.68 in FY 2020). Revenue: kr390.7m (up 23% from FY 2020). Net income: kr39.8m (up 40% from FY 2020). Profit margin: 10% (up from 8.9% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 18% share price gain to kr60.40, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr50.60, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 20x in the IT industry in Sweden. Total returns to shareholders of 72% over the past three years. Buying Opportunity • Feb 21
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be kr70.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% per annum over the last 3 years. Earnings per share has grown by 17% per annum over the last 3 years. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr3.75 (up from kr2.68 in FY 2020). Revenue: kr391.2m (up 23% from FY 2020). Net income: kr39.7m (up 40% from FY 2020). Profit margin: 10% (up from 8.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: kr82.2m (up 21% from 3Q 2020). Net income: kr5.90m (up 9.3% from 3Q 2020). Profit margin: 7.2% (down from 7.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 01
Independent Director recently sold kr620k worth of stock On the 28th of September, Claes Lindqvist sold around 10k shares on-market at roughly kr62.00 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS kr1.23 (vs kr0.62 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr108.8m (up 42% from 2Q 2020). Net income: kr13.0m (up 97% from 2Q 2020). Profit margin: 12% (up from 8.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 23% share price gain to kr57.20, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 27x in the IT industry in Sweden. Total returns to shareholders of 84% over the past three years. Upcoming Dividend • Apr 30
Upcoming dividend of kr2.25 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 14 May 2021. Trailing yield: 2.7%. Lower than top quartile of Swedish dividend payers (3.5%). Higher than average of industry peers (2.0%). Reported Earnings • Apr 19
Full year 2020 earnings released: EPS kr2.68 (vs kr2.52 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr319.0m (up 5.0% from FY 2019). Net income: kr28.4m (up 6.5% from FY 2019). Profit margin: 8.9% (up from 8.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 05
New 90-day high: kr48.50 The company is up 23% from its price of kr39.40 on 04 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: kr47.90 The company is up 25% from its price of kr38.40 on 11 November 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: kr45.80 The company is up 14% from its price of kr40.10 on 15 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: kr44.10 The company is up 9.0% from its price of kr40.40 on 29 September 2020. The Swedish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: kr42.50 The company is up 9.0% from its price of kr38.90 on 10 September 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 15% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: kr41.50 The company is up 22% from its price of kr34.00 on 21 July 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 17% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: kr40.40 The company is up 43% from its price of kr28.20 on 01 July 2020. The Swedish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 32% over the same period.