IAR Systems Group (DB:NC91) - Stock Price, News & Analysis

NC91 Stock Overview

IAR Systems Group AB (publ) provides software solution and services for embedded systems development in Sweden.

NC91 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	1/6

Rewards

Trading at 32.5% below our estimate of its fair value

Earnings are forecast to grow 77.93% per year

Risk Analysis

No risks detected for NC91 from our risk checks.

IAR Systems Group AB (publ) Competitors

USU Software

XTRA:OSP2

€182.7m

Serviceware

XTRA:SJJ

€123.9m

Beta Systems Software

DB:BSS

€137.1m

Fabasoft

XTRA:FAA

€231.5m

Price History & Performance

Summary of all time highs, changes and price drops for IAR Systems Group
Historical stock prices
Current Share Price	kr11.50
52 Week High	kr12.12
52 Week Low	kr5.98
Beta	0.98
1 Month Change	-1.88%
3 Month Change	2.68%
1 Year Change	9.32%
3 Year Change	-19.35%
5 Year Change	-54.09%
Change since IPO	-73.26%

Recent updates

Shareholder Returns

	NC91	DE Software	DE Market
7D	0%	2.1%	1.8%
1Y	9.3%	39.8%	2.2%

Return vs Industry: NC91 underperformed the German Software industry which returned 39.8% over the past year.

Return vs Market: NC91 exceeded the German Market which returned 2.2% over the past year.

Price Volatility

Is NC91's price volatile compared to industry and market?
NC91 volatility
NC91 Average Weekly Movement	4.3%
Software Industry Average Movement	5.4%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.1%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: NC91 has not had significant price volatility in the past 3 months.

Volatility Over Time: NC91's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1983	208	Richard Lind	www.iar.com

IAR Systems Group AB (publ) provides software solution and services for embedded systems development in Sweden. The company offers development tools, such as IAR Embedded Workbench, a software package and a set of development solutions that is used to program processors in embedded systems. It also provides RISC-V, a specialist product for embedded development; renesas, a development tool for microcontrollers; and NXP, a developing application for microcontrollers (MCUs).

IAR Systems Group AB (publ) Fundamentals Summary

How do IAR Systems Group's earnings and revenue compare to its market cap?
NC91 fundamental statistics
Market cap	€157.19m
Earnings (TTM)	-€19.67m
Revenue (TTM)	€42.45m

3.7x

P/S Ratio

-8.0x

P/E Ratio

Is NC91 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NC91 income statement (TTM)
Revenue	kr494.20m
Cost of Revenue	kr292.00m
Gross Profit	kr202.20m
Other Expenses	kr431.20m
Earnings	-kr229.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 25, 2024

Earnings per share (EPS)	-16.89
Gross Margin	40.91%
Net Profit Margin	-46.34%
Debt/Equity Ratio	0%

How did NC91 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

-9%

Payout Ratio

Does NC91 pay a reliable dividends?

See NC91 dividend history and benchmarks

When do you need to buy NC91 by to receive an upcoming dividend?
IAR Systems Group dividend dates
Ex Dividend Date	Apr 26 2024
Dividend Pay Date	May 03 2024
Days until Ex dividend	1 day
Days until Dividend pay date	8 days

Does NC91 pay a reliable dividends?

See NC91 dividend history and benchmarks

NC91 Stock Overview

Rewards

Risk Analysis

IAR Systems Group AB (publ) Competitors

XTRA:OSP2

€182.7m

XTRA:SJJ

€123.9m

DB:BSS

€137.1m

XTRA:FAA

€231.5m

Price History & Performance

Recent News & Updates

Upcoming dividend of kr1.50 per share

Full year 2023 earnings released: kr16.84 loss per share (vs kr4.23 profit in FY 2022)

Dividend of kr1.50 announced

I.A.R. Systems Group Appoints Cecilia Wachtmeister as CEO, Effective No Later Than October 1, 2024

IAR Systems Group AB (publ) Proposes Sales Guidance for the Year 2024

Full year 2023 earnings released: kr16.84 loss per share (vs kr4.23 profit in FY 2022)

Recent updates

Upcoming dividend of kr1.50 per share

Full year 2023 earnings released: kr16.84 loss per share (vs kr4.23 profit in FY 2022)

Dividend of kr1.50 announced

I.A.R. Systems Group Appoints Cecilia Wachtmeister as CEO, Effective No Later Than October 1, 2024

IAR Systems Group AB (publ) Proposes Sales Guidance for the Year 2024

Full year 2023 earnings released: kr16.84 loss per share (vs kr4.23 profit in FY 2022)

Now 20% undervalued

Now 21% undervalued

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 15%

New minor risk - Market cap size

IAR Systems Group AB (publ) to Report Second Half, 2023 Results on Feb 08, 2024

Second quarter 2023 earnings released

New minor risk - Market cap size

Now 22% undervalued after recent price drop

Independent Director recently bought €46k worth of stock

Now 22% undervalued after recent price drop

Upcoming dividend of kr1.50 per share at 1.3% yield

Full year 2022 earnings released: EPS: kr4.23 (vs kr4.94 loss in FY 2021)

Chief Strategy Officer recently sold €63k worth of stock

Full year 2022 earnings released: EPS: kr4.24 (vs kr4.94 loss in FY 2021)

IAR Systems Group AB (publ), Annual General Meeting, Apr 26, 2023

IAR Systems fully supports the brand-new Industrial-Grade PX5 RTOS

Now 21% undervalued

IAR Systems Announces the Full Support of Their Latest Release of IAR Embedded Workbench for RISC-V for the CoDense™ Extension of Andes Technology's AndeStar™ V5 RISC-V Processor

Third quarter 2022 earnings released

Första AP-fonden acquired an unknown minority stake in IAR Systems Group AB (publ) for approximately SEK 120 million.

IAR Systems Group AB (publ) to Report Nine Months, 2023 Results on Oct 25, 2023

Second quarter 2022 earnings released

IAR Systems Enable Visual Studio Code Extensions to Meet Developer Demands

IAR Systems Announces the Latest Version of the Complete Development Toolchain IAR Embedded Workbench® for Arm

Independent Chairman of the Board recently bought €999k worth of stock

First quarter 2022 earnings released

I.A.R. Systems Group AB Elects Sabina Lind as New Board Member

IAR Systems Brings Low-Code State Machine Design Solution to Linux

IAR Systems enables powerful AI/ML applications based on Alif Semiconductor's microcontrollers and fusion processors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Third quarter 2021 earnings released

Second quarter 2021 earnings released

IAR Systems Extends Development Tools Performance Capabilities for Andes RISC-V Cores

IAR Systems Enables Advantech to Innovate Smart Industrial Iot Edge Devices

IAR Systems and Secure Thingz present embedded security compliance solution for Renesas RX

IAR Systems Boosts Development of Embedded Applications Based on NXP's i.MX RT1160 crossover MCUs

IAR Systems Extends Product Portfolio for Streamlined Linux-Based Automated Workflows

Independent Chairman of the Board Maria Wasing has left the company

First quarter 2021 earnings released

Full year 2020 earnings released: EPS kr4.36 (vs kr5.96 in FY 2019)

IAR Systems Announces Availability of RISC-V Development Tools with Certification for IEC 61508 and ISO 26262

IAR Systems adds Functional Safety certification for build tools for Linux

New 90-day low: €12.82

IAR Systems Group AB (publ) Systems Introduces 64-Bit Arm Core Support in Leading Embedded Development Tools

Full year 2020 earnings released: EPS kr4.36 (vs kr5.96 in FY 2019)

Revenue misses expectations

IAR Systems Group AB (publ) to Report Fiscal Year 2020 Results on Mar 22, 2021

New 90-day high: €14.90

Independent Director recently sold €815k worth of stock