Transfer Group AB (publ)

NGM:TRNSF Stock Report

Market Cap: SEK 47.6m

Transfer Group Management

Management criteria checks 2/4

Transfer Group's CEO is Mats Holmberg, appointed in Dec 2023, has a tenure of 2.58 years. directly owns 17.39% of the company’s shares, worth SEK8.28M. The average tenure of the management team and the board of directors is 2.6 years and 2.9 years respectively.

Key information

Mats Holmberg

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure2.6yrs
CEO ownership17.4%
Management average tenure2.6yrs
Board average tenure2.9yrs

Recent management updates

Recent updates

Analysis Article • Jun 04

We Think Transfer Group's (NGM:TRNSF) Robust Earnings Are Conservative

The subdued stock price reaction suggests that Transfer Group AB (publ)'s ( NGM:TRNSF ) strong earnings didn't offer...
Analysis Article • Dec 07

Risks Still Elevated At These Prices As Transfer Group AB (publ) (NGM:TRNSF) Shares Dive 45%

Transfer Group AB (publ) ( NGM:TRNSF ) shares have retraced a considerable 45% in the last month, reversing a fair...
Analysis Article • Nov 06

Health Check: How Prudently Does Transfer Group (NGM:TRNSF) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 05

Subdued Growth No Barrier To Transfer Group AB (publ) (NGM:TRNSF) With Shares Advancing 27%

Those holding Transfer Group AB (publ) ( NGM:TRNSF ) shares would be relieved that the share price has rebounded 27% in...
Analysis Article • Jul 31

Does Transfer Group (NGM:TRNSF) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 14

More Unpleasant Surprises Could Be In Store For Transfer Group AB (publ)'s (NGM:TRNSF) Shares After Tumbling 33%

To the annoyance of some shareholders, Transfer Group AB (publ) ( NGM:TRNSF ) shares are down a considerable 33% in the...
Analysis Article • Feb 11

Transfer Group AB (publ) (NGM:TRNSF) Stock Rockets 27% But Many Are Still Ignoring The Company

Transfer Group AB (publ) ( NGM:TRNSF ) shareholders have had their patience rewarded with a 27% share price jump in the...
Analysis Article • Jan 24

Is Transfer Group (NGM:TRNSF) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jul 24

Transfer Group AB (publ)'s (NGM:TRNSF) Shares Leap 26% Yet They're Still Not Telling The Full Story

Transfer Group AB (publ) ( NGM:TRNSF ) shares have continued their recent momentum with a 26% gain in the last month...
Analysis Article • Jul 12

Is Transfer Group (NGM:TRNSF) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • May 07

Transfer Group AB (publ) (NGM:TRNSF) Stock Rockets 31% But Many Are Still Ignoring The Company

Despite an already strong run, Transfer Group AB (publ) ( NGM:TRNSF ) shares have been powering on, with a gain of 31...
Analysis Article • Feb 13

Investors Give Transfer Group AB (publ) (NGM:TRNSF) Shares A 28% Hiding

Transfer Group AB (publ) ( NGM:TRNSF ) shares have retraced a considerable 28% in the last month, reversing a fair...
Analysis Article • Dec 23

A Piece Of The Puzzle Missing From Transfer Group AB (publ)'s (NGM:TRNSF) Share Price

There wouldn't be many who think Transfer Group AB (publ)'s ( NGM:TRNSF ) price-to-sales (or "P/S") ratio of 0.1x is...

CEO Compensation Analysis

How has Mats Holmberg's remuneration changed compared to Transfer Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

SEK 19m

Dec 31 2025n/an/a

-SEK 28m

Sep 30 2025n/an/a

-SEK 22m

Jun 30 2025n/an/a

-SEK 15m

Mar 31 2025n/an/a

-SEK 20m

Dec 31 2024SEK 3mSEK 2m

SEK 31m

Sep 30 2024n/an/a

SEK 22m

Jun 30 2024n/an/a

SEK 21m

Mar 31 2024n/an/a

SEK 32m

Dec 31 2023SEK 6mSEK 85k

-SEK 13m

Sep 30 2023n/an/a

-SEK 24m

Jun 30 2023n/an/a

-SEK 28m

Mar 31 2023n/an/a

-SEK 36m

Dec 31 2022SEK 2mn/a

-SEK 41m

Compensation vs Market: Insufficient data to establish whether Mats's total compensation is reasonable compared to companies of similar size in the Swedish market.

Compensation vs Earnings: Mats's compensation has been consistent with company performance over the past year.

CEO

Mats Holmberg (68 yo)

2.6yrs
Tenure
SEK 2,777,000
Compensation

Mr. Mats Holmberg serves as Chief Executive Officer at Transfer Group Ab (Publ) since December 2023 and also serves as Director since December 2023 and served as its Chairman of the Board since March 2022....

Leadership Team

NamePositionTenureCompensationOwnership
Mats Holmberg
CEO & Director2.6yrsSEK 2.78m17.39%
SEK 8.3m
Arne Nyvelius
Chief Financial Officerno datano datano data
Magnus Ahde
CEO of Altum Security AB2.5yrsno datano data
Mathias Svedlund
CEO of Sensec Solutions AS & CEO of Sensec AB4.3yrsno data0.0091%
SEK 4.3k
Thomas Walldof
CEO of Amigo Systems AB2.7yrsno datano data
2.6yrs
Average Tenure
52.5yo
Average Age

Experienced Management: TRNSF's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mats Holmberg
CEO & Directorno dataSEK 2.78m17.39%
SEK 8.3m
Ninna Engberg
Independent Chairman of the Board2.9yrsSEK 300.00k0.31%
SEK 149.3k
Joachim Kallsholm
Independent Director2.9yrsSEK 761.00kno data
Geir Remmem
Independent Director4.2yrsSEK 180.00kno data
2.9yrs
Average Tenure
65.5yo
Average Age

Experienced Board: TRNSF's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 12:06
End of Day Share Price 2026/07/13 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Transfer Group AB (publ) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.