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CombinedX AB (publ)OM:CX Stock Report

Market Cap SEK 773.3m
Share Price
n/a
1Y13.4%
7D2.1%
1D0.5%
Portfolio Value
​
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CombinedX AB (publ)

OM:CX Stock Report

Market Cap: SEK 773.3m

CombinedX (CX) Stock Overview

Operates as an IT consulting company in Sweden and internationally. More details

CX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 49.1% below our estimate of its fair value

Earnings grew by 194.6% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 32.4% per year for the next 3 years

Does not have a meaningful market cap (SEK773M)

Unstable dividend track record


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CombinedX AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for CombinedX
Historical stock prices
Current Share PriceSEK 39.70
52 Week HighSEK 41.80
52 Week LowSEK 28.00
Beta0.48
1 Month Change20.30%
3 Month Change10.59%
1 Year Change13.43%
3 Year Change25.63%
5 Year Changen/a
Change since IPO-3.17%

Recent News & Updates

Recent updates

Analysis Article • May 06

News Flash: Analysts Just Made A Meaningful Upgrade To Their CombinedX AB (publ) (STO:CX) Forecasts

Celebrations may be in order for CombinedX AB (publ) ( STO:CX ) shareholders, with the covering analyst delivering a...
Analysis Article • Apr 07

One Analyst Just Shaved Their CombinedX AB (publ) (STO:CX) Forecasts Dramatically

The analyst covering CombinedX AB (publ) ( STO:CX ) delivered a dose of negativity to shareholders today, by making a...
Analysis Article • Feb 19

There May Be Reason For Hope In CombinedX's (STO:CX) Disappointing Earnings

Investors were disappointed with the weak earnings posted by CombinedX AB (publ) ( STO:CX ). Despite the soft profit...
Analysis Article • Feb 15

Earnings Miss: CombinedX AB (publ) Missed EPS By 15% And Analysts Are Revising Their Forecasts

It's been a mediocre week for CombinedX AB (publ) ( STO:CX ) shareholders, with the stock dropping 12% to kr32.90 in...
Analysis Article • Feb 14

CombinedX (STO:CX) Has Announced That Its Dividend Will Be Reduced To SEK1.00

The board of CombinedX AB (publ) ( STO:CX ) has announced that the dividend on 13th of May will be reduced by 29% from...
Analysis Article • Oct 29

Earnings Miss: CombinedX AB (publ) Missed EPS By 13% And Analysts Are Revising Their Forecasts

The analyst might have been a bit too bullish on CombinedX AB (publ) ( STO:CX ), given that the company fell short of...
Analysis Article • Jul 25

CombinedX's (STO:CX) Conservative Accounting Might Explain Soft Earnings

CombinedX AB (publ)'s ( STO:CX ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
Analysis Article • Jul 19

CombinedX AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

It's shaping up to be a tough period for CombinedX AB (publ) ( STO:CX ), which a week ago released some disappointing...
Analysis Article • Jul 18

Returns On Capital Are Showing Encouraging Signs At CombinedX (STO:CX)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Analysis Article • May 10

CombinedX AB (publ) Just Recorded A 19% EPS Beat: Here's What Analysts Are Forecasting Next

As you might know, CombinedX AB (publ) ( STO:CX ) recently reported its first-quarter numbers. Revenues kr239m...
Analysis Article • Apr 06

CombinedX (STO:CX) Is Reducing Its Dividend To SEK1.40

CombinedX AB (publ) ( STO:CX ) has announced that on 15th of May, it will be paying a dividend ofSEK1.40, which a...
Analysis Article • Feb 18

CombinedX AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a pretty great week for CombinedX AB (publ) ( STO:CX ) shareholders, with its shares surging 13% to kr36.80...
Analysis Article • Feb 14

CombinedX (STO:CX) Will Want To Turn Around Its Return Trends

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article • Oct 30

CombinedX AB (publ) Just Missed EPS By 60%: Here's What Analysts Think Will Happen Next

As you might know, CombinedX AB (publ) ( STO:CX ) last week released its latest third-quarter, and things did not turn...
Analysis Article • Jul 24

CombinedX AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's shaping up to be a tough period for CombinedX AB (publ) ( STO:CX ), which a week ago released some disappointing...
Analysis Article • Jul 20

Estimating The Intrinsic Value Of CombinedX AB (publ) (STO:CX)

Key Insights The projected fair value for CombinedX is kr54.04 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Apr 23

CombinedX's (STO:CX) Solid Profits Have Weak Fundamentals

CombinedX AB (publ)'s ( STO:CX ) robust earnings report didn't manage to move the market for its stock. We did some...
Analysis Article • Feb 27

CombinedX AB (publ) (STO:CX) Shares Fly 28% But Investors Aren't Buying For Growth

CombinedX AB (publ) ( STO:CX ) shareholders have had their patience rewarded with a 28% share price jump in the last...
Analysis Article • Feb 24

News Flash: One Analyst Just Made A Captivating Upgrade To Their CombinedX AB (publ) (STO:CX) Forecasts

Celebrations may be in order for CombinedX AB (publ) ( STO:CX ) shareholders, with the covering analyst delivering a...
Analysis Article • Feb 08

There Are Reasons To Feel Uneasy About CombinedX's (STO:CX) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

CXSE ITSE Market
7D2.1%-1.0%-0.3%
1Y13.4%-32.7%11.3%

Return vs Industry: CX exceeded the Swedish IT industry which returned -32.7% over the past year.

Return vs Market: CX exceeded the Swedish Market which returned 11.3% over the past year.

Price Volatility

Is CX's price volatile compared to industry and market?
CX volatility
CX Average Weekly Movement6.1%
IT Industry Average Movement5.7%
Market Average Movement5.2%
10% most volatile stocks in SE Market10.4%
10% least volatile stocks in SE Market2.9%

Stable Share Price: CX has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: CX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013432Joergen Qwistwww.combinedx.com

CombinedX AB (publ) operates as an IT consulting company in Sweden and internationally. It offers digital business development and transformation, service design and customer experience, business systems and business processes, data analysis and decision support, automation and robotization, application development and life cycle management, digital workplace and identity management, managed infrastructure services and security, Internet of Things and AI, and customer relationship management services. The company was incorporated in 2013 and is headquartered in Karlstad, Sweden.

CombinedX AB (publ) Fundamentals Summary

How do CombinedX's earnings and revenue compare to its market cap?
CX fundamental statistics
Market capSEK 773.30m
Earnings (TTM)SEK 136.10m
Revenue (TTM)SEK 956.20m
5.7x
P/E Ratio
0.8x
P/S Ratio

Is CX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CX income statement (TTM)
RevenueSEK 956.20m
Cost of RevenueSEK 773.70m
Gross ProfitSEK 182.50m
Other ExpensesSEK 46.40m
EarningsSEK 136.10m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)6.99
Gross Margin19.09%
Net Profit Margin14.23%
Debt/Equity Ratio7.0%

How did CX perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
14%
Payout Ratio

Does CX pay a reliable dividends?

See CX dividend history and benchmarks
When do you need to buy CX by to receive an upcoming dividend?
CombinedX dividend dates
Ex Dividend DateSep 21 2026
Dividend Pay DateSep 25 2026
Days until Ex dividend0 days
Days until Dividend pay date4 days

Does CX pay a reliable dividends?

See CX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 21:59
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

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

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CombinedX AB (publ) is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fredrik NilssonRedeye