How does PIONBS's PE Ratio compare to its peers?

PIONBS is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (13.7x).

How does PIONBS's PE Ratio compare vs other companies in the GB Professional Services Industry?

PIONBS is good value based on its Price-To-Earnings Ratio (12.4x) compared to the UK Professional Services industry average (18.2x).

What is PIONBS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate PIONBS's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of PIONBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PIONBS (SEK10.66) is trading below our estimate of [[fair value]] (SEK14.17)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

PIONBS Stock Overview

Operates as a staffing and recruitment company in Sweden, Finland, and Norway. More details

PIONBS fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 24.8% below our estimate of its fair value

Earnings are forecast to grow 39.03% per year

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap (SEK353M)

Profit margins (1.3%) are lower than last year (4.7%)

Shareholders have been diluted in the past year

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

PION Group AB (publ) Competitors

Gattaca

AIM:GATC

UK£25.7m

RTC Group

AIM:RTC

UK£12.9m

Robert Walters

LSE:RWA

UK£207.0m

SThree

LSE:STEM

UK£373.0m

Price History & Performance

Summary of share price highs, lows and changes for PION Group
Historical stock prices
Current Share Price	SEK 10.66
52 Week High	SEK 0
52 Week Low	SEK 0
Beta	1.3
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	144.50%
5 Year Change	-13.68%
Change since IPO	-8.30%

Recent updates

Shareholder Returns

	PIONBS	GB Professional Services	GB Market
7D	0%	5.6%	3.3%
1Y	n/a	16.0%	10.6%

Return vs Industry: Insufficient data to determine how PIONBS performed against the UK Professional Services industry.

Return vs Market: Insufficient data to determine how PIONBS performed against the UK Market.

Price Volatility

Is PIONBS's price volatile compared to industry and market?
PIONBS volatility
PIONBS Average Weekly Movement	n/a
Professional Services Industry Average Movement	4.6%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	2.6%

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

Volatility Over Time: Insufficient data to determine PIONBS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1989	3,918	Mats Kullenberg	www.piongroup.se

PION Group AB (publ) operates as a staffing and recruitment company in Sweden, Finland, Norway, and Germany. The company also provides executive search and interim management services. It offers staffing services in the areas of IT, law, life science, sales and marketing, finance, banking and finance, administration, engineering, HR and salary, and purchasing and logistics.

PION Group AB (publ) Fundamentals Summary

How do PION Group's earnings and revenue compare to its market cap?
PIONBS fundamental statistics
Market cap	SEK 352.65m
Earnings (TTM)	SEK 28.51m
Revenue (TTM)	SEK 2.11b

12.4x

P/E Ratio

0.2x

P/S Ratio

Is PIONBS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PIONBS income statement (TTM)
Revenue	SEK 2.11b
Cost of Revenue	SEK 1.98b
Gross Profit	SEK 129.12m
Other Expenses	SEK 100.61m
Earnings	SEK 28.51m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.59
Gross Margin	6.11%
Net Profit Margin	1.35%
Debt/Equity Ratio	0%

How did PIONBS perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

83%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/05/29 15:37
End of Day Share Price	2023/03/01 00:00
Earnings	2023/03/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PION Group AB (publ) is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stefan Knutsson	ABG Sundal Collier Sponsored
Mikael Löfdahl	Carnegie Investment Bank AB
Anders Tegeback	Handelsbanken Capital Markets

PION Group BATS-CHIXE:PIONBS Stock Report