Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr8.58, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Medical Equipment industry in Sweden. Total returns to shareholders of 5.9% over the past three years. Price Target Changed • Apr 26
Price target decreased by 16% to kr9.50 Down from kr11.25, the current price target is provided by 1 analyst. New target price is 20% above last closing price of kr7.94. Stock is down 11% over the past year. The company is forecast to post earnings per share of kr0.55 for next year compared to kr0.35 last year. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: kr0.057 (vs kr0.15 in 1Q 2025) First quarter 2026 results: EPS: kr0.057 (down from kr0.15 in 1Q 2025). Revenue: kr31.9m (down 8.4% from 1Q 2025). Net income: kr811.0k (down 60% from 1Q 2025). Profit margin: 2.5% (down from 5.9% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment 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 fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Apr 22
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 9.3% 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 (9.3% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (kr109.0m market cap, or US$11.8m). Announcement • Apr 13
Arcoma AB, Annual General Meeting, May 20, 2026 Arcoma AB, Annual General Meeting, May 20, 2026, at 13:00 W. Europe Standard Time. Location: at the company`s premises, at annavagen 1, vaxjo Sweden New Risk • Feb 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 7.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (kr111.9m market cap, or US$12.5m). Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr134.0m to kr131.0m. EPS estimate also fell from kr0.46 per share to kr0.35 per share. Net income forecast to grow 31% next year vs 38% growth forecast for Medical Equipment industry in Sweden. Consensus price target down from kr11.25 to kr10.75. Share price rose 2.6% to kr7.80 over the past week. Announcement • Feb 13
Arcoma AB to Report Fiscal Year 2025 Results on Apr 09, 2026 Arcoma AB announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Apr 09, 2026 New Risk • Oct 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 6.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (kr128.2m market cap, or US$13.7m). Major Estimate Revision • Oct 14
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr145.0m to kr140.0m. EPS estimate also fell from kr0.65 per share to kr0.54 per share. Net income forecast to grow 36% next year vs 40% growth forecast for Medical Equipment industry in Sweden. Consensus price target of kr11.50 unchanged from last update. Share price rose 4.5% to kr9.28 over the past week. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: kr0 (vs kr0.28 in 2Q 2024) Second quarter 2025 results: EPS: kr0 (down from kr0.28 in 2Q 2024). Revenue: kr31.5m (down 24% from 2Q 2024). Net income: kr4.0k (down 100% from 2Q 2024). Profit margin: 0% (down from 8.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 09
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr162.0m to kr153.0m. EPS estimate also fell from kr0.85 per share to kr0.73 per share. Net income forecast to grow 9.0% next year vs 38% growth forecast for Medical Equipment industry in Sweden. Consensus price target of kr12.50 unchanged from last update. Share price rose 3.6% to kr9.90 over the past week. Price Target Changed • May 19
Price target decreased by 18% to kr12.50 Down from kr15.25, the current price target is provided by 1 analyst. New target price is 29% above last closing price of kr9.70. Stock is down 34% over the past year. The company is forecast to post earnings per share of kr0.85 for next year compared to kr0.85 last year. Reported Earnings • May 05
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: kr0.15 (down from kr0.34 in 1Q 2024). Revenue: kr35.8m (down 23% from 1Q 2024). Net income: kr2.04m (down 55% from 1Q 2024). Profit margin: 5.7% (down from 9.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 04
Arcoma AB, Annual General Meeting, May 14, 2025 Arcoma AB, Annual General Meeting, May 14, 2025, at 13:00 W. Europe Standard Time. Location: at the companys premises, at annavagen 1, vaxjo Sweden Reported Earnings • Feb 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: kr0.85 (up from kr0.19 in FY 2023). Revenue: kr160.5m (down 1.6% from FY 2023). Net income: kr11.2m (up 336% from FY 2023). Profit margin: 7.0% (up from 1.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 25
Price target increased by 13% to kr17.00 Up from kr15.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of kr12.55. Stock is up 64% over the past year. The company is forecast to post earnings per share of kr1.10 for next year compared to kr0.19 last year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr12.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Medical Equipment industry in Sweden. Total loss to shareholders of 9.7% over the past three years. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: kr0.28 (vs kr0.031 in 2Q 2023) Second quarter 2024 results: EPS: kr0.28 (up from kr0.031 in 2Q 2023). Revenue: kr42.5m (up 11% from 2Q 2023). Net income: kr3.66m (up kr3.25m from 2Q 2023). Profit margin: 8.6% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.34 (vs kr0.18 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.34 (up from kr0.18 loss in 1Q 2023). Revenue: kr47.4m (up 26% from 1Q 2023). Net income: kr4.50m (up kr6.84m from 1Q 2023). Profit margin: 9.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr10.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Medical Equipment industry in Sweden. Total loss to shareholders of 56% over the past three years. Reported Earnings • Jan 31
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: kr0.19 (up from kr0.15 in FY 2022). Revenue: kr166.0m (up 33% from FY 2022). Net income: kr2.56m (up 35% from FY 2022). Profit margin: 1.5% (in line with FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Jan 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr103.5m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: kr0.15 (vs kr0.11 in 3Q 2022) Third quarter 2023 results: EPS: kr0.15 (up from kr0.11 in 3Q 2022). Revenue: kr36.5m (up 26% from 3Q 2022). Net income: kr1.98m (up 36% from 3Q 2022). Profit margin: 5.4% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: kr0.031 (vs kr0.11 in 2Q 2022) Second quarter 2023 results: EPS: kr0.031 (down from kr0.11 in 2Q 2022). Revenue: kr39.2m (up 27% from 2Q 2022). Net income: kr404.0k (down 71% from 2Q 2022). Profit margin: 1.0% (down from 4.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
First quarter 2023 earnings released: kr0.18 loss per share (vs kr0.093 loss in 1Q 2022) First quarter 2023 results: kr0.18 loss per share (further deteriorated from kr0.093 loss in 1Q 2022). Revenue: kr37.9m (up 56% from 1Q 2022). Net loss: kr2.34m (loss widened 93% from 1Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: kr0.14 (vs kr0.58 loss in FY 2021) Full year 2022 results: EPS: kr0.14 (up from kr0.58 loss in FY 2021). Revenue: kr129.9m (up 11% from FY 2021). Net income: kr1.90m (up kr9.38m from FY 2021). Profit margin: 1.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Jan Wahlstrom 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 • Oct 30
Third quarter 2022 earnings released: EPS: kr0.11 (vs kr0.24 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.11 (up from kr0.24 loss in 3Q 2021). Revenue: kr30.4m (up 31% from 3Q 2021). Net income: kr1.45m (up kr4.54m from 3Q 2021). Profit margin: 4.8% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: kr0.11 (vs kr0.079 in 2Q 2021) Second quarter 2022 results: EPS: kr0.11 (up from kr0.079 in 2Q 2021). Revenue: kr33.2m (down 7.6% from 2Q 2021). Net income: kr1.41m (up 37% from 2Q 2021). Profit margin: 4.2% (up from 2.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 40%, compared to a 98% growth forecast for the Medical Equipment industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • May 03
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: kr0.093 loss per share (down from kr0.15 profit in 1Q 2021). Revenue: kr24.4m (down 34% from 1Q 2021). Net loss: kr1.21m (down 165% from profit in 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 30%, compared to a 99% growth forecast for the industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target decreased to kr16.50 Down from kr25.00, the current price target is provided by 1 analyst. New target price is 74% above last closing price of kr9.50. Stock is down 55% over the past year. The company is forecast to post earnings per share of kr0.24 next year compared to a net loss per share of kr0.58 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jesper Söderqvist was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 15
Director recently bought kr119k worth of stock On the 10th of February, Mats Thoren bought around 10k shares on-market at roughly kr11.94 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 11
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr0.57 loss per share (down from kr0.11 profit in FY 2020). Revenue: kr118.0m (flat on FY 2020). Net loss: kr7.47m (down kr8.84m from profit in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 43%, compared to a 136% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 31
Price target decreased to kr21.00 Down from kr25.00, the current price target is provided by 1 analyst. New target price is 52% above last closing price of kr13.80. Stock is down 22% over the past year. The company is forecast to post earnings per share of kr0.14 for next year compared to kr0.11 last year. Reported Earnings • Oct 30
Third quarter 2021 earnings released: kr0.24 loss per share (vs kr0.082 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr23.2m (up 4.2% from 3Q 2020). Net loss: kr3.09m (down 394% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS kr0.079 (vs kr0.18 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: kr36.0m (up 14% from 2Q 2020). Net income: kr1.03m (down 55% from 2Q 2020). Profit margin: 2.9% (down from 7.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
First quarter 2021 earnings released: EPS kr0.15 (vs kr0.31 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: kr36.9m (up 11% from 1Q 2020). Net income: kr1.87m (down 53% from 1Q 2020). Profit margin: 5.1% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.9%. Earnings per share (EPS) also missed analyst estimates by 84%. Over the next year, revenue is forecast to grow 35%, compared to a 439% growth forecast for the Medical Equipment industry in Sweden. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS kr0.12 (vs kr0.52 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr117.4m (down 12% from FY 2019). Net income: kr1.44m (down 78% from FY 2019). Profit margin: 1.2% (down from 4.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Arcoma AB, Annual General Meeting, May 25, 2021 Arcoma AB, Annual General Meeting, May 25, 2021. Recent Insider Transactions • Jan 14
Insider recently sold kr390k worth of stock On the 8th of January, Johan Henningsson sold around 15k shares on-market at roughly kr25.18 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to kr25.60, the stock is trading at a trailing P/E ratio of 40.1x, up from the previous P/E ratio of 34.5x. This compares to an average P/E of 34x in the Medical Equipment industry in Sweden. Total returns to shareholders over the past three years are 234%. Is New 90 Day High Low • Dec 28
New 90-day high: kr21.90 The company is up 13% from its price of kr19.30 on 29 September 2020. The Swedish market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Medical Equipment industry, which is up 9.0% over the same period. Announcement • Dec 01
Arcoma AB Launches Omnera 500A Arcoma AB launches the new X-ray system Omnera 500A on the American market. OMNERA 500A Includes New Intelligent Automation Features to Help Improve Workflow and Efficiency, Without Compromising on Patient Care. The OMNERA 500A offers outstanding performance and intelligent automation with features that puts efficiency and patient safety first. The system has a new design and a new modern user interface with smart functions that simplify workflow and are designed to facilitate disinfection. The OMNERA 500A also has a completely new wall stand and an updated X-ray table that improves the patient and user experience. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS kr0.082 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr22.2m (down 27% from 3Q 2019). Net income: kr1.05m (down 61% from 3Q 2019). Profit margin: 4.7% (down from 8.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 13
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from kr0.60 to kr0.67. No change was made to the revenue estimate which at the last update was kr124.0m. Net income is expected to shrink by 7.7% next year compared to 29% growth forecast for the Medical Equipment industry in Sweden . The consensus price target was lowered from kr27.00 to kr25.00. Share price is down by 6.8% to kr17.25 over the past week. Price Target Changed • Nov 13
Price target lowered to kr25.00 Down from kr27.00, the current price target is provided by 1 analyst. The new target price is 45% above the current share price of kr17.25. As of last close, the stock is down 26% over the past year. Is New 90 Day High Low • Nov 12
New 90-day low: kr17.00 The company is down 5.0% from its price of kr17.95 on 14 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Medical Equipment industry, which is flat over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: kr17.50 The company is down 8.0% from its price of kr18.95 on 17 July 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Medical Equipment industry, which is up 18% over the same period.