Announcement • Apr 01
Lovisagruvan AB (publ) to Report Q1, 2026 Results on Apr 30, 2026 Lovisagruvan AB (publ) announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Jan 13
Lovisagruvan AB (publ) to Report Fiscal Year 2025 Results on Feb 12, 2026 Lovisagruvan AB (publ) announced that they will report fiscal year 2025 results on Feb 12, 2026 Announcement • Sep 24
Lovisagruvan AB (publ) to Report Q3, 2025 Results on Oct 23, 2025 Lovisagruvan AB (publ) announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Jul 15
Lovisagruvan AB (publ) to Report Q2, 2025 Results on Aug 14, 2025 Lovisagruvan AB (publ) announced that they will report Q2, 2025 results on Aug 14, 2025 Announcement • Mar 26
Lovisagruvan AB (publ) to Report Q1, 2025 Results on Apr 24, 2025 Lovisagruvan AB (publ) announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Jan 09
Lovisagruvan AB (publ) to Report Fiscal Year 2024 Results on Feb 07, 2025 Lovisagruvan AB (publ) announced that they will report fiscal year 2024 results on Feb 07, 2025 Announcement • Sep 25
Lovisagruvan AB (publ) to Report Q3, 2024 Results on Oct 24, 2024 Lovisagruvan AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024 Announcement • Jul 10
Lovisagruvan AB (publ) to Report Q2, 2024 Results on Aug 08, 2024 Lovisagruvan AB (publ) announced that they will report Q2, 2024 results on Aug 08, 2024 Announcement • Apr 19
Lovisagruvan AB (publ) to Report Q1, 2024 Results on Apr 18, 2024 Lovisagruvan AB (publ) announced that they will report Q1, 2024 results on Apr 18, 2024 Announcement • Mar 22
Lovisagruvan AB (publ) to Report Q1, 2024 Results on Apr 20, 2024 Lovisagruvan AB (publ) announced that they will report Q1, 2024 results on Apr 20, 2024 Announcement • Feb 21
Lovisagruvan AB (publ), Annual General Meeting, Mar 21, 2024 Lovisagruvan AB (publ), Annual General Meeting, Mar 21, 2024. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: kr1.02 (vs kr4.99 in FY 2022) Full year 2023 results: EPS: kr1.02 (down from kr4.99 in FY 2022). Revenue: kr27.7m (down 46% from FY 2022). Net income: kr5.20m (down 63% from FY 2022). Profit margin: 19% (down from 28% in FY 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Jan 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr100.4m (US$9.65m) 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 229% Paying a dividend despite having no free cash flows. Earnings have declined by 4.0% per year over the past 5 years. High level of non-cash earnings (76% accrual ratio). Market cap is less than US$10m (kr100.4m market cap, or US$9.65m). Minor Risks Profit margins are more than 30% lower than last year (7.5% net profit margin). Revenue is less than US$5m (kr33m revenue, or US$3.2m). Reported Earnings • Oct 22
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr400.0k (down 97% from 3Q 2022). Net loss: kr400.0k (down 107% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Oct 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 7.0% per year over the past 5 years. High level of non-cash earnings (61% accrual ratio). Market cap is less than US$10m (kr95.7m market cap, or US$8.72m). Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (kr44m revenue, or US$4.0m). Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr28.60, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total loss to shareholders of 19% over the past three years. Announcement • Sep 20
Lovisagruvan AB (publ) to Report Q3, 2023 Results on Oct 19, 2023 Lovisagruvan AB (publ) announced that they will report Q3, 2023 results on Oct 19, 2023 New Risk • Aug 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr105.9m (US$9.57m) 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.0% per year over the past 5 years. High level of non-cash earnings (61% accrual ratio). Market cap is less than US$10m (kr105.9m market cap, or US$9.57m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (kr44m revenue, or US$4.0m). Reported Earnings • Aug 04
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr7.30m (down 47% from 2Q 2022). Net income: kr2.10m (down 54% from 2Q 2022). Profit margin: 29% (down from 33% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jul 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (45% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (kr119.6m market cap, or US$11.7m). New Risk • Jul 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (45% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (kr119.6m market cap, or US$11.7m). Announcement • Jul 06
Lovisagruvan AB (publ) to Report Q2, 2023 Results on Aug 03, 2023 Lovisagruvan AB (publ) announced that they will report Q2, 2023 results on Aug 03, 2023 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr39.60, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr38.00, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 10x in the Metals and Mining industry in Sweden. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of kr2.00 per share at 4.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Swedish dividend payers (5.1%). Lower than average of industry peers (8.3%). Reported Earnings • Feb 06
Full year 2022 earnings released: EPS: kr4.16 (vs kr0.53 in FY 2021) Full year 2022 results: EPS: kr4.16 (up from kr0.53 in FY 2021). Revenue: kr50.4m (down 3.4% from FY 2021). Net income: kr14.2m (up kr12.4m from FY 2021). Profit margin: 28% (up from 3.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 04
Lovisagruvan AB (publ) to Report Fiscal Year 2022 Results on Feb 02, 2023 Lovisagruvan AB (publ) announced that they will report fiscal year 2022 results on Feb 02, 2023 Board Change • Nov 16
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. 5 non-independent directors. Director Johan Wiklund 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. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: kr1.76 (vs kr0.11 in 3Q 2021) Third quarter 2022 results: EPS: kr1.76 (up from kr0.11 in 3Q 2021). Revenue: kr13.2m (up 69% from 3Q 2021). Net income: kr6.00m (up kr5.60m from 3Q 2021). Profit margin: 46% (up from 5.1% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 17% share price gain to kr34.40, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 6x in the Metals and Mining industry in Sweden. Total loss to shareholders of 23% over the past three years. Announcement • Sep 21
Lovisagruvan AB (publ) to Report Q3, 2022 Results on Oct 20, 2022 Lovisagruvan AB (publ) announced that they will report Q3, 2022 results on Oct 20, 2022 Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: kr1.35 (vs kr0.60 loss in 2Q 2021) Second quarter 2022 results: EPS: kr1.35 (up from kr0.60 loss in 2Q 2021). Revenue: kr13.9m (up 108% from 2Q 2021). Net income: kr4.60m (up kr6.60m from 2Q 2021). Profit margin: 33% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
Lovisagruvan AB (publ) to Report Q2, 2022 Results on Aug 04, 2022 Lovisagruvan AB (publ) announced that they will report Q2, 2022 results on Aug 04, 2022 Recent Insider Transactions • May 21
Insider recently bought kr74k worth of stock On the 17th of May, Johan Wiklund bought around 2k shares on-market at roughly kr36.80 per share. In the last 3 months, they made an even bigger purchase worth kr119k. Insiders have collectively bought kr433k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 04
Director recently bought kr76k worth of stock On the 27th of April, Göran Nordenhök bought around 2k shares on-market at roughly kr38.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr119k. Insiders have collectively bought kr359k more in shares than they have sold in the last 12 months. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director Oskar Stavrén was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 14
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 27 April 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Swedish dividend payers (4.8%). Lower than average of industry peers (6.0%). Recent Insider Transactions • Feb 27
Insider recently bought kr119k worth of stock On the 24th of February, Johan Wiklund bought around 3k shares on-market at roughly kr34.36 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr244k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 19% share price gain to kr37.80, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total loss to shareholders of 27% over the past three years. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: kr0.97 (up from kr0.11 in FY 2020). Revenue: kr41.3m (up 12% from FY 2020). Net income: kr3.30m (up kr2.92m from FY 2020). Profit margin: 8.0% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 29%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 30
Director recently bought kr91k worth of stock On the 28th of December, Göran Nordenhök bought around 3k shares on-market at roughly kr30.20 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr125k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 17
Third quarter 2021 earnings released: EPS kr0.12 (vs kr0.17 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr7.80m (down 14% from 3Q 2020). Net income: kr400.0k (down 33% from 3Q 2020). Profit margin: 5.1% (down from 6.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 08
Second quarter 2021 earnings released: kr0.58 loss per share (vs kr0.18 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: kr5.50m (down 44% from 2Q 2020). Net loss: kr2.00m (down 433% from profit in 2Q 2020). 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. Reported Earnings • Apr 16
First quarter 2021 earnings released: kr0.10 loss per share (vs kr0.30 profit in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: kr10.9m (up 70% from 1Q 2020). Net loss: kr400.0k (down 140% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 19
Upcoming Dividend of kr1.00 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 25th of March. The trailing yield of 2.4% is below the top quartile of Swedish dividend payers (3.5%), and is lower than industry peers (4.7%). Announcement • Mar 17
Lovisagruvan AB (publ) to Report Q1, 2021 Results on Apr 15, 2021 Lovisagruvan AB (publ) announced that they will report Q1, 2021 results on Apr 15, 2021 Announcement • Feb 23
Lovisagruvan AB (publ), Annual General Meeting, Mar 24, 2021 Lovisagruvan AB (publ), Annual General Meeting, Mar 24, 2021. Is New 90 Day High Low • Feb 04
New 90-day high: kr41.80 The company is up 19% from its price of kr35.20 on 05 November 2020. The Swedish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: kr40.40 The company is up 10.0% from its price of kr36.80 on 20 October 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 18
New 90-day low: kr34.00 The company is down 7.0% from its price of kr36.40 on 19 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: kr34.20 The company is down 12% from its price of kr39.00 on 28 July 2020. The Swedish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Reported Earnings • Oct 17
Third quarter earnings released Over the last 12 months the company has reported total profits of kr1.47m, down 84% from the prior year. Total revenue was kr44.6m over the last 12 months, down 13% from the prior year. Announcement • Jul 17
Lovisagruvan AB (publ) to Report Q2, 2020 Results on Aug 07, 2020 Lovisagruvan AB (publ) announced that they will report Q2, 2020 results on Aug 07, 2020