Valuation Update With 7 Day Price Move • 16h
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr141, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Aerospace & Defense industry in Sweden. Total loss to shareholders of 32% over the past three years. Recent Insider Transactions • May 03
Chief Executive Officer recently bought kr117k worth of stock On the 29th of April, Henrik Hojer bought around 1k shares on-market at roughly kr117 per share. This transaction amounted to 8.0% 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 Henrik's only on-market trade for the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of kr2.40 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 73% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (0.5%). Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: kr0.53 (vs kr0.29 in 1Q 2025) First quarter 2026 results: EPS: kr0.53 (up from kr0.29 in 1Q 2025). Revenue: kr70.9m (up 30% from 1Q 2025). Net income: kr6.70m (up 81% from 1Q 2025). Profit margin: 9.4% (up from 6.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year. Recent Insider Transactions • Feb 12
Independent Director recently bought kr100k worth of stock On the 9th of February, Per Fyrenius bought around 790 shares on-market at roughly kr126 per share. This transaction amounted to 55% 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 kr403k more in shares than they have sold in the last 12 months. Declared Dividend • Feb 09
Dividend reduced to kr2.40 Dividend of kr2.40 is 55% lower than last year. Ex-date: 8th May 2026 Payment date: 15th May 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (117% earnings payout ratio) nor is it covered by cash flows (220% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 30% to bring the payout ratio under control. EPS is expected to grow by 191% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 07
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: kr3.08 (down from kr6.82 in FY 2024). Revenue: kr274.0m (down 9.4% from FY 2024). Net income: kr38.6m (down 55% from FY 2024). Profit margin: 14% (down from 28% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year. Announcement • Feb 07
CTT Systems AB (publ) announces Annual dividend, payable on May 15, 2026 CTT Systems AB (publ) announced Annual dividend of SEK 2.4000 per share payable on May 15, 2026, ex-date on May 08, 2026 and record date on May 11, 2026. New Risk • Feb 06
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 Swedish stocks, typically moving 3.9% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 127% Minor Risks Share price has been volatile over the past 3 months (3.9% average weekly change). Profit margins are more than 30% lower than last year (20% net profit margin). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to kr120, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Aerospace & Defense industry in Sweden. Total loss to shareholders of 39% over the past three years. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr1.15 (vs kr0.97 in 3Q 2024) Third quarter 2025 results: EPS: kr1.15 (up from kr0.97 in 3Q 2024). Revenue: kr74.0m (up 28% from 3Q 2024). Net income: kr14.4m (up 18% from 3Q 2024). Profit margin: 20% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Oct 17
CTT Systems AB (publ), Annual General Meeting, May 07, 2026 CTT Systems AB (publ), Annual General Meeting, May 07, 2026. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr270, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 34x in the Aerospace & Defense industry in Sweden. Total returns to shareholders of 44% over the past three years. Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: kr1.19 (vs kr1.96 in 2Q 2024) Second quarter 2025 results: EPS: kr1.19 (down from kr1.96 in 2Q 2024). Revenue: kr83.2m (flat on 2Q 2024). Net income: kr14.9m (down 39% from 2Q 2024). Profit margin: 18% (down from 30% in 2Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 30
CFO & Head of Sustainability recently bought kr127k worth of stock On the 27th of May, Markus Berg bought around 601 shares on-market at roughly kr211 per share. This transaction amounted to 25% 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 Markus' only on-market trade for the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of kr5.35 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 15 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (0.5%). Announcement • Apr 25
CTT Systems AB (publ) to Report Fiscal Year 2025 Results on Feb 06, 2026 CTT Systems AB (publ) announced that they will report fiscal year 2025 results at 8:00 AM, Central European Standard Time on Feb 06, 2026 Reported Earnings • Apr 02
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr6.82 (down from kr7.62 in FY 2023). Revenue: kr302.3m (down 2.8% from FY 2023). Net income: kr85.5m (down 11% from FY 2023). Profit margin: 28% (down from 31% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 20
Dividend of kr5.35 announced Shareholders will receive a dividend of kr5.35. Ex-date: 9th May 2025 Payment date: 15th May 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 19
CTT Systems AB (publ) announces Annual dividend, payable on May 15, 2025 CTT Systems AB (publ) announced Annual dividend of SEK 5.3500 per share payable on May 15, 2025, ex-date on May 09, 2025 and record date on May 12, 2025. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: kr0.97 (vs kr2.02 in 3Q 2023) Third quarter 2024 results: EPS: kr0.97 (down from kr2.02 in 3Q 2023). Revenue: kr57.7m (down 22% from 3Q 2023). Net income: kr12.2m (down 52% from 3Q 2023). Profit margin: 21% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 4 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to kr223, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 27x in the Aerospace & Defense industry in Sweden. Total returns to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr332 per share. Buy Or Sell Opportunity • Jan 10
Now 22% undervalued Over the last 90 days, the stock has risen 1.1% to kr266. The fair value is estimated to be kr340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 95% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Buy Or Sell Opportunity • Dec 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to kr275. The fair value is estimated to be kr346, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 95% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr0.98 (vs kr2.02 in 3Q 2023) Third quarter 2024 results: EPS: kr0.98 (down from kr2.02 in 3Q 2023). Revenue: kr58.7m (down 21% from 3Q 2023). Net income: kr12.2m (down 52% from 3Q 2023). Profit margin: 21% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
CTT Systems AB (publ), Annual General Meeting, May 08, 2025 CTT Systems AB (publ), Annual General Meeting, May 08, 2025. Announcement • Sep 24
CTT Systems AB (publ) Announces Nomination Committee for the Annual General Meeting 2025 The following representatives of CTT Systems AB’s shareholders form the nomination committee for the Annual General Meeting 2025: Christian Lindström Lage, appointed by SEB Fonder, Martin Nilsson, appointed by Första AP-fonden, Jonathan Schönbäck, appointed by ODIN fonder, and Tomas Torlöf (Chairman of the Nomination Committee), appointed by Trulscom Förvaltning AB. The Annual General Meeting of CTT Systems AB is scheduled for May 8, 2025. Recent Insider Transactions • Jul 25
Independent Director recently bought kr221k worth of stock On the 23rd of July, Anna Carmo Silva bought around 725 shares on-market at roughly kr305 per share. This transaction increased Anna Carmo's direct individual holding by 3x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr346k. Despite this recent purchase, insiders have collectively sold kr972k more in shares than they bought in the last 12 months. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: kr1.96 (vs kr1.98 in 2Q 2023) Second quarter 2024 results: EPS: kr1.96 (down from kr1.98 in 2Q 2023). Revenue: kr83.1m (up 4.5% from 2Q 2023). Net income: kr24.6m (flat on 2Q 2023). Profit margin: 30% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to kr323. The fair value is estimated to be kr437, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Buy Or Sell Opportunity • Jun 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to kr329. The fair value is estimated to be kr420, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 84% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Recent Insider Transactions • May 29
Chief Commercial Officer recently bought kr113k worth of stock On the 24th of May, Ola Haggfeldt bought around 318 shares on-market at roughly kr354 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr1.8m more in shares than they bought in the last 12 months. Buy Or Sell Opportunity • May 02
Now 22% undervalued Over the last 90 days, the stock has risen 27% to kr331. The fair value is estimated to be kr424, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 83% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: kr1.96 (vs kr1.44 in 1Q 2023) First quarter 2024 results: EPS: kr1.96 (up from kr1.44 in 1Q 2023). Revenue: kr83.0m (up 9.8% from 1Q 2023). Net income: kr24.5m (up 36% from 1Q 2023). Profit margin: 30% (up from 24% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
CTT Systems AB (publ) Provides Sales Guidance for the Second Quarter of 2024 CTT Systems AB (publ) provided sales guidance for the second quarter of 2024. For the quarter, the company net sales forecast is SEK 85 million to SEK 90 million (SEK 79.0 million). Reported Earnings • Mar 31
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: kr7.62 (up from kr5.29 in FY 2022). Revenue: kr310.9m (up 27% from FY 2022). Net income: kr95.5m (up 44% from FY 2022). Profit margin: 31% (up from 27% 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 4.7%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
CTT Systems AB Proposes an Extraordinary Dividend, Payable on May 14, 2024 The board of directors of CTT Systems AB proposed an extraordinary dividend of SEK 3.35 per share (0), total SEK 8.70 per share. Proposed record day for dividend is May 8, 2024. If the Annual General Meeting to be held on May 6, 2024, resolves in accordance with the proposal, payment of dividend through Euroclear Sweden AB is expected to be made on May 14, 2024. Recent Insider Transactions • Feb 16
Independent Director recently bought kr75k worth of stock On the 14th of February, Anna Carmo Silva bought around 275 shares on-market at roughly kr272 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. Despite this recent purchase, insiders have collectively sold kr1.6m more in shares than they bought in the last 12 months. Reported Earnings • Feb 07
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: kr7.62 (up from kr5.29 in FY 2022). Revenue: kr317.6m (up 30% from FY 2022). Net income: kr95.5m (up 44% from FY 2022). Profit margin: 30% (up from 27% 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 4.7%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jan 01
Insider recently sold kr344k worth of stock On the 29th of December, Tony Rosendal sold around 2k shares on-market at roughly kr229 per share. This transaction amounted to 13% 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 kr478k more than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: kr2.02 (vs kr1.91 in 3Q 2022) Third quarter 2023 results: EPS: kr2.02 (up from kr1.91 in 3Q 2022). Revenue: kr75.8m (up 15% from 3Q 2022). Net income: kr25.3m (up 5.9% from 3Q 2022). Profit margin: 33% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
CTT Systems AB (publ) Provides Sales Guidance for the Fourth Quarter of 2023 CTT Systems AB (publ) provided sales guidance for the fourth quarter of 2023. For the quarter, the company expects net sales of SEK 80 million - SEK 85 million. Announcement • Jul 23
CTT Systems AB (publ) Provides Sales Guidance for the Third Quarter 2023 CTT Systems AB (publ) provided sales guidance for the third quarter 2023. The company net sales to be SEK 70 million - SEK 75 million. Reported Earnings • Jul 23
Second quarter 2023 earnings released: EPS: kr1.98 (vs kr1.21 in 2Q 2022) Second quarter 2023 results: EPS: kr1.98 (up from kr1.21 in 2Q 2022). Revenue: kr83.7m (up 40% from 2Q 2022). Net income: kr24.8m (up 64% from 2Q 2022). Profit margin: 30% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 31
CFO & Head of Sustainability recently bought kr102k worth of stock On the 26th of May, Markus Berg bought around 504 shares on-market at roughly kr201 per share. This transaction amounted to 34% 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 Markus' only on-market trade for the last 12 months. Announcement • May 06
CTT Systems AB (publ) Approves Dividend CTT Systems AB (publ) at its AGM held on May 4, 2023 approved dividend of SEK 4.05 per share with a record date of 8 May 2023. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr214, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 34x in the Aerospace & Defense industry in Sweden. Total returns to shareholders of 47% over the past three years. Upcoming Dividend • Apr 28
Upcoming dividend of kr4.05 per share at 2.2% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swedish dividend payers (5.0%). Higher than average of industry peers (1.6%). Reported Earnings • Apr 06
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: kr244.0m (up 58% from FY 2021). Net income: kr66.3m (up 367% from FY 2021). Profit margin: 27% (up from 9.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Sweden. Buying Opportunity • Feb 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be kr271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Announcement • Feb 09
CTT Systems AB (Publ) Provides Sales Guidance for the First Quarter of 2023 CTT Systems AB (publ) provided sales guidance for the first quarter of 2023. For the first quarter of 2023, the company expects SEK 68 million to SEK 73 million in net sales, calculated with higher revenues driven by quarter-to-quarter increase in OEM sales and Private Jet projects. Reported Earnings • Feb 08
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: kr5.29 (up from kr1.13 in FY 2021). Revenue: kr260.5m (up 69% from FY 2021). Net income: kr66.3m (up 367% from FY 2021). Profit margin: 26% (up from 9.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buying Opportunity • Jan 24
Now 21% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be kr298, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 97% in 2 years. Earnings is forecast to grow by 126% in the next 2 years. Announcement • Jan 12
CTT Systems AB (publ) to Report Q4, 2022 Results on Feb 07, 2023 CTT Systems AB (publ) announced that they will report Q4, 2022 results at 8:00 AM, Central European Standard Time on Feb 07, 2023 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. 3 experienced directors. 2 highly experienced directors. Independent Director Björn Lenander was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: kr1.90 (up from kr0.56 in 3Q 2021). Revenue: kr71.0m (up 75% from 3Q 2021). Net income: kr23.9m (up 241% from 3Q 2021). Profit margin: 34% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Jul 22
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: kr1.21 (up from kr0.49 in 2Q 2021). Revenue: kr65.7m (up 72% from 2Q 2021). Net income: kr15.1m (up 148% from 2Q 2021). Profit margin: 23% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Over the next year, revenue is forecast to grow 65%, compared to a 40% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: kr0.76 (up from kr0.26 loss in 1Q 2021). Revenue: kr53.2m (up 64% from 1Q 2021). Net income: kr9.60m (up kr12.8m from 1Q 2021). Profit margin: 18% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 77%. Over the next year, revenue is forecast to grow 69%, compared to a 13% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 28
Upcoming dividend of kr0.79 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Swedish dividend payers (4.7%). Lower than average of industry peers (1.6%). Board Change • Apr 27
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. Independent Director Björn Lenander was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.