Board Change • Jun 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Clare Boynton was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 12
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €0.013 (up from €1.28 loss in FY 2024). Revenue: €27.0m (down 47% from FY 2024). Net income: €577.1k (up €55.9m from FY 2024). Profit margin: 2.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 31
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €26.0m to €25.5m. EPS estimate also fell from €0.068 per share to €0.06 per share. Net income forecast to grow 366% next year vs 31% growth forecast for Hospitality industry in Sweden. Consensus price target down from kr4.45 to kr3.75. Share price rose 2.3% to kr1.60 over the past week. Major Estimate Revision • Feb 26
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €29.0m to €26.0m. EPS estimate fell from €0.10 to €0.07 per share. Net income forecast to grow 418% next year vs 19% growth forecast for Hospitality industry in Sweden. Consensus price target down from kr5.05 to kr4.45. Share price fell 7.9% to kr1.63 over the past week. Reported Earnings • Feb 20
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: €0.013 (up from €1.31 loss in FY 2024). Revenue: €27.0m (down 56% from FY 2024). Net income: €579.0k (up €57.1m from FY 2024). Profit margin: 2.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. New Risk • Jan 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: €47m Forecast net loss in 1 year: €789k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (kr86.0m market cap, or US$9.36m). Minor Risk Currently unprofitable and not forecast to become profitable next year (€789k net loss next year). Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: €0.001 (vs €0.002 loss in 3Q 2024) Third quarter 2025 results: EPS: €0.001 (up from €0.002 loss in 3Q 2024). Revenue: €6.19m (down 52% from 3Q 2024). Net income: €50.0k (up €123.0k from 3Q 2024). Profit margin: 0.8% (up from net loss in 3Q 2024). Revenue is expected to decline by 5.6% p.a. on average during the next 3 years, while revenues in the Hospitality industry in Sweden are expected to grow by 6.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 30
Price target increased by 16% to kr7.70 Up from kr6.65, the current price target is provided by 1 analyst. New target price is 172% above last closing price of kr2.83. Stock is down 64% over the past year. The company is forecast to post a net loss per share of €0.28 next year compared to a net loss per share of €1.31 last year. Major Estimate Revision • Sep 29
Consensus EPS estimates fall by 253% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.079 to -€0.279 per share. Revenue forecast of €33.0m unchanged since last update. Hospitality industry in Sweden expected to see average net income growth of 24% next year. Consensus price target of kr6.65 unchanged from last update. Share price was steady at kr2.77 over the past week. Major Estimate Revision • Sep 16
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.072 to -€0.08 per share. Revenue forecast of €34.0m unchanged since last update. Hospitality industry in Sweden expected to see average net income growth of 27% next year. Consensus price target of kr6.65 unchanged from last update. Share price fell 3.0% to kr2.62 over the past week. Announcement • Jul 30
Raketech Group Holding PLC Approves Board Appointments, Effective July 30, 2025 Raketech Group Holding PLC at its EGM held on July 30, 2025, resolved to elect Kathryn Moore Baker as new member and chair of the Board of Directors; and Magnus Alebo as new member of the Board of the Directors. Both appointments are effective July 30, 2025 and for a term extending until the end of the next Annual General Meeting. Following these changes, the Board of Directors will consist of six members. Reported Earnings • Jul 24
Second quarter 2025 earnings released: €0.02 loss per share (vs €0.23 loss in 2Q 2024) Second quarter 2025 results: €0.02 loss per share (improved from €0.23 loss in 2Q 2024). Revenue: €7.83m (down 54% from 2Q 2024). Net loss: €1.05m (loss narrowed 89% from 2Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 23
Price target decreased by 37% to kr6.65 Down from kr10.50, the current price target is provided by 1 analyst. New target price is 143% above last closing price of kr2.74. Stock is down 69% over the past year. The company posted a net loss per share of €1.31 last year. New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings have declined by 60% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr132.5m market cap, or US$13.9m). Announcement • Jun 11
An undisclosed buyer entered into an agreement to acquire Non-core US tipster and subscription business from Raketech Group Holding PLC (OM:RAKE) for €1.3 million. An undisclosed buyer entered into an agreement to acquire Non-core US tipster and subscription business from Raketech Group Holding PLC (OM:RAKE) for €1.3 million on June 10, 2025. The total consideration amounts to €1.25 million with €450000 payable at closing, €350000 after nine months, and the final €450000 after eighteen months. The consideration is fixed and unconditional. The assets divested include brands such as Winnersandwhiners.com, Picksandparlays.net, and Statsalt.com. The assets have a combined book value of approximately €1.0 million, resulting in a recorded gain of €0.3 million in Q2 2025. This gain is offset by US Tipster-related operational losses of approximately €0.5 million incurred during Q2, as well as disposal-related advisory fees totaling €0.2 million. The transaction is expected to be closed by the end of June 2025. Reported Earnings • Apr 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €1.31 loss per share (down from €0.16 profit in FY 2023). Revenue: €61.2m (down 21% from FY 2023). Net loss: €56.5m (down €63.2m from profit in FY 2023). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Apr 07
Raketech Group Holding PLC, Annual General Meeting, May 20, 2025 Raketech Group Holding PLC, Annual General Meeting, May 20, 2025, at 13:00 W. Europe Standard Time. Location: at st georges business centre, level 7, st george`s road, st julian`s, stj 3202, malta Sweden Announcement • Mar 20
Raketech Group Holding plc Announces Stepping Down of Ulrik Bengtsson, Chairman and Board Member, Effective July 30 Raketech informed that Ulrik Bengtsson has accepted a role as full-time CEO of an international company. Ulrik has consequently informed the Board that this new role will eventually require him to step down from Chairman and Board member, but Ulrik remains available for re-election at Raketech's AGM in May and is committed to stay on up until July 30th to assisting Raketech in the transition period. The nomination committee has started the process of finding a new board member, who may also assume the role of Non-Executive Chair. A further update will be provided in due course. Reported Earnings • Feb 20
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: €1.31 loss per share (down from €0.16 profit in FY 2023). Revenue: €61.2m (down 21% from FY 2023). Net loss: €56.5m (down €63.2m from profit in FY 2023). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr147.9m market cap, or US$13.7m). Price Target Changed • Nov 17
Price target decreased by 10.0% to kr22.50 Down from kr25.00, the current price target is an average from 2 analysts. New target price is 379% above last closing price of kr4.70. Stock is down 72% over the past year. The company is forecast to post a net loss per share of €0.25 compared to earnings per share of €0.16 last year. Reported Earnings • Nov 15
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: €0.002 loss per share (down from €0.02 profit in 3Q 2023). Revenue: €12.9m (down 40% from 3Q 2023). Net loss: €73.0k (down 109% from profit in 3Q 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. New Risk • Nov 14
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 9.5% 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: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Market cap is less than US$100m (kr205.5m market cap, or US$18.7m). Announcement • Oct 24
Raketech Group Holding PLC Announces Appointment of Nominating Committee Raketech Group Holding PLC has appointed its nominating committee. The appointed nomination committee consists of: Joel Lindeman, chairman, appointed by Provobis Holding AB; Erik Skarp, appointed through his share ownership in Skarp Invest Limited; Edward Licari, appointed by Akterbog Holding Limited; Martin Larsson, appointed by Chalex AB; Ulrik Bengtsson, Raketech Chairman of the Board of Directors. The nomination committee shall prepare and submit the following resolution proposals to the Annual General Meeting 2025. New Risk • Oct 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (kr333.7m market cap, or US$32.4m). Buy Or Sell Opportunity • Aug 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to kr7.40. The fair value is estimated to be kr9.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Aug 16
Price target decreased by 7.7% to kr24.00 Down from kr26.00, the current price target is an average from 2 analysts. New target price is 224% above last closing price of kr7.40. Stock is down 61% over the past year. The company is forecast to post a net loss per share of €0.18 compared to earnings per share of €0.16 last year. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: €0.23 loss per share (down from €0.042 profit in 2Q 2023). Revenue: €17.0m (down 3.7% from 2Q 2023). Net loss: €9.87m (down €11.6m from profit in 2Q 2023). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 26% per year. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr7.65, the stock trades at a trailing P/E ratio of 7.1x. Average forward P/E is 12x in the Hospitality industry in Sweden. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr9.30 per share. Major Estimate Revision • Aug 07
Consensus EPS estimates fall by 3,285% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €80.3m to €79.0m. Losses expected to increase from €0.0041 per share to €0.14. Hospitality industry in Sweden expected to see average net income growth of 12% next year. Consensus price target down from kr26.00 to kr25.00. Share price was steady at kr8.89 over the past week. Buy Or Sell Opportunity • Jun 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to kr10.36. The fair value is estimated to be kr13.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 221% in the next 2 years. Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: €19.0m (up 20% from 1Q 2023). Net income: €174.0k (down 94% from 1Q 2023). Profit margin: 0.9% (down from 18% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Price Target Changed • May 19
Price target decreased by 12% to kr26.50 Down from kr30.00, the current price target is an average from 2 analysts. New target price is 123% above last closing price of kr11.86. Stock is down 35% over the past year. The company is forecast to post earnings per share of €0.11 for next year compared to €0.16 last year. Announcement • May 18
Raketech Group Holding plc Approves Board Appointments Raketech Group Holding PLC announced that at its annual general meeting held on May 16, 2024, Ulrik Bengtsson was elected as board member and Chairman of the Board of Directors, Erik Skarp, Clare Boynton, Patrick Jonker and Marina Andersson were re-elected as members of the Board of Directors. Jonathan Charles Moss was elected as a new member of the Board of Directors. Price Target Changed • May 05
Price target decreased by 9.1% to kr30.00 Down from kr33.00, the current price target is an average from 2 analysts. New target price is 161% above last closing price of kr11.48. Stock is down 38% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.16 last year. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: €0.16 (vs €0.20 in FY 2022) Full year 2023 results: EPS: €0.16 (down from €0.20 in FY 2022). Revenue: €77.7m (up 48% from FY 2022). Net income: €6.61m (down 21% from FY 2022). Profit margin: 8.5% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 29
Founder & Acting CEO recently bought kr558k worth of stock On the 23rd of February, Johan Per Svensson bought around 35k shares on-market at roughly kr15.94 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johan Per's only on-market trade for the last 12 months. Announcement • Feb 21
Raketech Group Holding PLC Proposes Dividend for the Year 2024 The Board of Directors of Raketech Group Holding PLC proposed to the Annual General Meeting 2024 a dividend corresponding to EUR 0.10 per share (EUR 0.094), representing an increase of 6% from last year. Announcement • Jan 12
Raketech Group Holding PLC Announces Change of CEO The Board of Directors of Raketech Group Holding PLC and Oskar Mühlbach have jointly agreed that Mühlbach will leave his role as CEO, due to different views on the strategic direction of the company. Co-founder and former Board member Johan Svensson will take on the role as Acting CEO until a new permanent CEO has been appointed. Johan Svensson is one of the founders of Raketech. He stepped down from the Board in October 2023 to focus solely on his role as Chief Commercial Officer for the group. Johan was the CEO of Raketech Group Holding PLC until 2017 and has since then worked as Chief Commercial Officer and with M&A and business integrations. Johan Svensson assumes the position of Acting CEO with immediate effect. Oskar Mühlbach leaves the company after being in the position since December 2019. Major Estimate Revision • Dec 24
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.237 to €0.17. Revenue forecast unchanged from €72.5m at last update. Net income forecast to grow 37% next year vs 21% growth forecast for Hospitality industry in Sweden. Consensus price target of kr37.50 unchanged from last update. Share price rose 5.3% to kr17.14 over the past week. Price Target Changed • Dec 21
Price target increased by 12% to kr37.50 Up from kr33.50, the current price target is an average from 2 analysts. New target price is 120% above last closing price of kr17.04. Stock is down 2.9% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.20 last year. Announcement • Dec 15
Raketech Group Holding Plc Appoints Dalia Turner as Chief People Officer Raketech Group Holding Plc announced a new key hire for the management team. Dalia Turner is joining the organization as Chief People Officer from December 5, 2023. Dalia Turner is joining the latest from Feedzai, during her tenure she grew the team from 300 to over 600 employees. Feedzai is the AI real-time machine learning data science company for machine learning tools in the fraudulent transactions business. Prior to Feedzai, Dalia worked for many years at Microsoft in both Portugal and the APAC region where she was responsible for people strategy talent and performance management, leadership development, and the organizational culture across multiple countries. During her time at Microsoft, she was also the business partner of the regional commercial leadership team of 1500 people. Dalia will be responsible for strategic HR leadership across the company's global workforce, as well as reinforcing culture and supporting Raketech's growth. Board Change • Dec 03
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Erik Johan Skarp is the most experienced director on the board, commencing their role in 2016. Independent Director Clare Boynton was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Buying Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be kr20.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 110% in the next 2 years. Announcement • Nov 25
Raketech Group Holding plc Announces Executive Changes The Extraordinary General Meeting 2023 of Raketech Group Holding PLC resolved that Marina Andersson and Patrick Jonker be appointed as members of the Company's Board of Directors for the period running until the next annual general meeting. Marina Andersson brings over 20 years of vast senior corporate development and M&A experience from latest Still front Group and Deloitte. She has previously worked with financial and strategic advisory, transaction structuring, financial analysis, and company valuation at Carnegie and ICECAPITAL and will bring this expertise to the boardroom at Raketech. Patrick Jonker brings many years of relevant and successful experience from senior positions within international casino as well as sports betting operators such as Betsson Group as MD, and William Hill as International MD. The two new members of the Board will replace Pierre Cadena who resigned from the role as director of the Company on 9 October 2023, with immediate effect, and Johan Svensson, who opted to step down from the director role on 10 October 2023, to focus entirely on his role as Chief Commercial Officer for the group, where he will continue to work closely with senior management and CEO, Oskar Mühlbach. In light of the above, the Board of Directors is now composed of the following members, all of them appointed until the end of the next annual general meeting: Rolf Ulrik Bengtsson, as member and chairman of the Board of Directors, Erik Johan Sebastian Skarp, as member, Clare Marie Boynton, as member, Marina Andersson, as member, Patrick Jonker, as member. Recent Insider Transactions • Nov 24
CEO & President recently bought kr200k worth of stock On the 16th of November, Oskar Mühlbach bought around 12k shares on-market at roughly kr16.66 per share. This transaction amounted to 4.8% 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 Oskar's only on-market trade for the last 12 months. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: €0.02 (vs €0.051 in 3Q 2022) Third quarter 2023 results: EPS: €0.02 (down from €0.051 in 3Q 2022). Revenue: €21.5m (up 66% from 3Q 2022). Net income: €844.0k (down 61% from 3Q 2022). Profit margin: 3.9% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Nov 13
Upcoming dividend of €0.047 per share at 6.1% yield Eligible shareholders must have bought the stock before 20 November 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Swedish dividend payers (5.4%). Higher than average of industry peers (2.7%). Buying Opportunity • Oct 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be kr21.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 70% in the next 2 years. Announcement • Oct 11
Raketech Group Holding P.L.C. Proposes Director Resignations Raketech Group Holding PLC at its Extraordinary Meeting of 2023 to be held on November 24, 2023 proposed and Acknowledgement of the resignation of Mr. Pierre Cadena and Mr. Johan Svensson as directors and legal and judicial representatives of the Company. Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €66.0m to €69.5m. EPS estimate fell from €0.258 to €0.226 per share. Net income forecast to grow 25% next year vs 15% growth forecast for Hospitality industry in Sweden. Consensus price target up from kr33.50 to kr35.00. Share price was steady at kr19.02 over the past week. Reported Earnings • Aug 18
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: €0.04 (up from €0.03 in 2Q 2022). Revenue: €17.6m (up 56% from 2Q 2022). Net income: €1.77m (up 42% from 2Q 2022). Profit margin: 10.0% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Announcement • Aug 11
Raketech Group Holding Appoints Jacob Felländer as Head of IR & Corporate Communications Raketech Group Holding appointed Jacob Felländer as Head of Investor Relations and Corporate Communications effective August 7. He joins the company from a similar role at Maximum Entertainment. Jacob Felländer has spent his career at the intersections of communications, finance, and content creation within innovation and tech. Raketech's combination of financial communications, affiliate marketing, and technology, offers a perfect match. Prior, Jacob focused on reshaping and transforming the communications models for clients at Accenture and FTI Consulting and as Digital Communications Manager at Sweco Group. Jacob holds degrees in Public Relations & Investor Relations from New York University and in Innovation and Entrepreneurship from Stanford University. Announcement • Jul 25
Raketech Group Holding PLC Revises Earnings Guidance for the Full Year 2023 Raketech Group Holding PLC revised earnings guidance for the full year 2023. For the year, the company expects revenue to amount to EUR 65-70 million, up from EUR 60-65 million. Announcement • May 04
Raketech Group Holding PLC to Report Q1, 2023 Results on May 11, 2023 Raketech Group Holding PLC announced that they will report Q1, 2023 results at 9:00 AM, Central European Standard Time on May 11, 2023 Price Target Changed • May 03
Price target decreased by 12% to kr28.05 Down from kr32.00, the current price target is an average from 2 analysts. New target price is 49% above last closing price of kr18.88. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.20 last year. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €0.255 to €0.228 per share. Revenue forecast steady at €61.5m. Net income forecast to grow 34% next year vs 24% growth forecast for Hospitality industry in Sweden. Consensus price target of kr32.00 unchanged from last update. Share price fell 2.5% to kr18.88 over the past week. Reported Earnings • Apr 18
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €0.20 (up from €0.18 in FY 2021). Revenue: €52.6m (up 37% from FY 2021). Net income: €8.33m (up 17% from FY 2021). Profit margin: 16% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 6.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Sweden. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 05
Chairman of the Board of Directors recently bought kr282k worth of stock On the 30th of March, Rolf Bengtsson bought around 15k shares on-market at roughly kr18.81 per share. This transaction amounted to 43% 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 Rolf's only on-market trade for the last 12 months.