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B3

B3 Consulting Group OM:B3 Stock Report

Last Price

kr141.00

Market Cap

kr1.2b

7D

11.5%

1Y

145.6%

Updated

15 Aug, 2022

Data

Company Financials +
B3 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends3/6

B3 Stock Overview

B3 Consulting Group AB (publ) provides IT and management consultancy services in Sweden.

B3 Consulting Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for B3 Consulting Group
Historical stock prices
Current Share Pricekr141.00
52 Week Highkr144.00
52 Week Lowkr53.40
Beta0.86
1 Month Change8.88%
3 Month Change18.49%
1 Year Change145.65%
3 Year Change134.22%
5 Year Change73.54%
Change since IPO172.46%

Recent News & Updates

Aug 16
Does B3 Consulting Group (STO:B3) Deserve A Spot On Your Watchlist?

Does B3 Consulting Group (STO:B3) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Shareholder Returns

B3SE ITSE Market
7D11.5%2.4%0.9%
1Y145.6%-18.5%-20.9%

Return vs Industry: B3 exceeded the Swedish IT industry which returned -18.9% over the past year.

Return vs Market: B3 exceeded the Swedish Market which returned -21.8% over the past year.

Price Volatility

Is B3's price volatile compared to industry and market?
B3 volatility
B3 Average Weekly Movement7.3%
IT Industry Average Movement6.9%
Market Average Movement7.2%
10% most volatile stocks in SE Market12.6%
10% least volatile stocks in SE Market4.5%

Stable Share Price: B3 is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: B3's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003733Anette Billinghttps://www.b3.se

B3 Consulting Group AB (publ) provides IT and management consultancy services in Sweden. The company was formerly known as B3IT Management AB (publ) and changed its name to B3 Consulting Group AB (publ) in May 2018. B3 Consulting Group AB (publ) was founded in 2003 and is headquartered in Stockholm, Sweden.

B3 Consulting Group Fundamentals Summary

How do B3 Consulting Group's earnings and revenue compare to its market cap?
B3 fundamental statistics
Market Capkr1.21b
Earnings (TTM)kr82.29m
Revenue (TTM)kr1.04b

14.7x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
B3 income statement (TTM)
Revenuekr1.04b
Cost of Revenuekr844.31m
Gross Profitkr196.28m
Other Expenseskr113.99m
Earningskr82.29m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.59
Gross Margin18.86%
Net Profit Margin7.91%
Debt/Equity Ratio32.1%

How did B3 perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is B3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B3?

Other financial metrics that can be useful for relative valuation.

B3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA10.1x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does B3's PE Ratio compare to its peers?

B3 PE Ratio vs Peers
The above table shows the PE ratio for B3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.3x
SOF B Softronic
15.9xn/akr1.3b
PREV B Prevas
11.4xn/akr1.4b
NTEK B Novotek
16.5xn/akr650.8m
CAG CAG Group
17.5x11.9%kr618.6m
B3 B3 Consulting Group
14.7x-36.5%kr1.2b

Price-To-Earnings vs Peers: B3 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (15.3x).


Price to Earnings Ratio vs Industry

How does B3's PE Ratio compare vs other companies in the European IT Industry?

Price-To-Earnings vs Industry: B3 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the Swedish IT industry average (16x)


Price to Earnings Ratio vs Fair Ratio

What is B3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

B3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.7x
Fair PE Ratio16.2x

Price-To-Earnings vs Fair Ratio: B3 is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).


Share Price vs Fair Value

What is the Fair Price of B3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B3 (SEK141) is trading below our estimate of fair value (SEK313.42)

Significantly Below Fair Value: B3 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is B3 Consulting Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-36.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B3's earnings are forecast to decline over the next 3 years (-36.5% per year).

Earnings vs Market: B3's earnings are forecast to decline over the next 3 years (-36.5% per year).

High Growth Earnings: B3's earnings are forecast to decline over the next 3 years.

Revenue vs Market: B3's revenue (5.2% per year) is forecast to grow slower than the Swedish market (10.9% per year).

High Growth Revenue: B3's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if B3's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has B3 Consulting Group performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: B3 has high quality earnings.

Growing Profit Margin: B3's current net profit margins (7.9%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: B3's earnings have grown significantly by 22% per year over the past 5 years.

Accelerating Growth: B3's earnings growth over the past year (237%) exceeds its 5-year average (22% per year).

Earnings vs Industry: B3 earnings growth over the past year (237%) exceeded the IT industry 40%.


Return on Equity

High ROE: B3's Return on Equity (40.4%) is considered outstanding.


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Financial Health

How is B3 Consulting Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: B3's short term assets (SEK316.4M) do not cover its short term liabilities (SEK319.2M).

Long Term Liabilities: B3's short term assets (SEK316.4M) exceed its long term liabilities (SEK63.6M).


Debt to Equity History and Analysis

Debt Level: B3 has more cash than its total debt.

Reducing Debt: B3's debt to equity ratio has increased from 3% to 32.1% over the past 5 years.

Debt Coverage: B3's debt is well covered by operating cash flow (158.2%).

Interest Coverage: B3's interest payments on its debt are well covered by EBIT (109.5x coverage).


Balance Sheet


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Dividend

What is B3 Consulting Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.48%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: B3's dividend (2.48%) is higher than the bottom 25% of dividend payers in the Swedish market (1.43%).

High Dividend: B3's dividend (2.48%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).


Stability and Growth of Payments

Stable Dividend: B3 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: B3's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (36.5%), B3's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.8%), B3's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure


CEO

Anette Billing (56 yo)

0.58

Tenure

Anette Billing serves as President & CEO at B3 Consulting Group AB (publ) since 2022.


Leadership Team

Experienced Management: B3's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: B3's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

B3 Consulting Group AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: B3 Consulting Group AB (publ)
  • Ticker: B3
  • Exchange: OM
  • Founded: 2003
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: kr1.210b
  • Shares outstanding: 8.58m
  • Website: https://www.b3.se

Number of Employees


Location

  • B3 Consulting Group AB (publ)
  • Kungsbron 2
  • Box 8
  • Stockholm
  • Stockholm County
  • 111 22
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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 here.