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NETM

Netmore Group OM:NETM B Stock Report

Last Price

kr1.85

Market Cap

kr584.8m

7D

32.1%

1Y

15.9%

Updated

02 Oct, 2022

Data

Company Financials +
NETM B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

NETM B Stock Overview

Netmore Group AB (publ) provides communications solutions for properties.

Netmore Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Netmore Group
Historical stock prices
Current Share Pricekr1.85
52 Week Highkr2.60
52 Week Lowkr0.85
Beta0.52
1 Month Change19.36%
3 Month Change21.31%
1 Year Change15.92%
3 Year Change71.30%
5 Year Change-56.47%
Change since IPO-66.67%

Recent News & Updates

Shareholder Returns

NETM BSE Wireless TelecomSE Market
7D32.1%-5.3%0.5%
1Y15.9%-15.1%-27.6%

Return vs Industry: NETM B exceeded the Swedish Wireless Telecom industry which returned -15.1% over the past year.

Return vs Market: NETM B exceeded the Swedish Market which returned -27.6% over the past year.

Price Volatility

Is NETM B's price volatile compared to industry and market?
NETM B volatility
NETM B Average Weekly Movement14.9%
Wireless Telecom Industry Average Movement4.2%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.6%
10% least volatile stocks in SE Market4.3%

Stable Share Price: NETM B is more volatile than 90% of Swedish stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: NETM B's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
201029Ove Anebygdhttps://netmoregroup.com

Netmore Group AB (publ) provides communications solutions for properties. The company delivers and operates secure network solution to enable broadband services for tenants; provides connectivity solution for IoT devices. It also offers open access for 4G and 5G networks for properties; and sim cards.

Netmore Group Fundamentals Summary

How do Netmore Group's earnings and revenue compare to its market cap?
NETM B fundamental statistics
Market Capkr584.85m
Earnings (TTM)-kr61.97m
Revenue (TTM)kr47.25m

12.4x

P/S Ratio

-9.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NETM B income statement (TTM)
Revenuekr47.25m
Cost of Revenuekr66.03m
Gross Profit-kr18.78m
Other Expenseskr43.19m
Earnings-kr61.97m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.20
Gross Margin-39.75%
Net Profit Margin-131.14%
Debt/Equity Ratio0.0%

How did NETM B perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 NETM B?

Other financial metrics that can be useful for relative valuation.

NETM B 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/Revenue10.9x
Enterprise Value/EBITDA-8.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does NETM B's PS Ratio compare to its peers?

NETM B PS Ratio vs Peers
The above table shows the PS ratio for NETM B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.1x
BRE2 Bredband2 i Skandinavien
0.9x3.7%kr1.4b
MYBEAT My Beat
0.8xn/akr5.8m
TRANS Transtema Group
0.5x8.6%kr925.2m
TEL2 B Tele2
2.4x1.7%kr66.3b
NETM B Netmore Group
12.4x52.8%kr584.8m

Price-To-Sales vs Peers: NETM B is expensive based on its Price-To-Sales Ratio (12.4x) compared to the peer average (1.1x).


Price to Earnings Ratio vs Industry

How does NETM B's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

Price-To-Sales vs Industry: NETM B is expensive based on its Price-To-Sales Ratio (12.4x) compared to the Global Wireless Telecom industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

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

NETM B PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio12.4x
Fair PS Ratio5x

Price-To-Sales vs Fair Ratio: NETM B is expensive based on its Price-To-Sales Ratio (12.4x) compared to the estimated Fair Price-To-Sales Ratio (5x).


Share Price vs Fair Value

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

Below Fair Value: NETM B (SEK1.85) is trading below our estimate of fair value (SEK8.01)

Significantly Below Fair Value: NETM B 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 Netmore Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


64.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NETM B is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NETM B is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NETM B is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NETM B's revenue (52.8% per year) is forecast to grow faster than the Swedish market (10.8% per year).

High Growth Revenue: NETM B's revenue (52.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NETM B is forecast to be unprofitable in 3 years.


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Past Performance

How has Netmore Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-29.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NETM B is currently unprofitable.

Growing Profit Margin: NETM B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NETM B is unprofitable, and losses have increased over the past 5 years at a rate of 29.3% per year.

Accelerating Growth: Unable to compare NETM B's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NETM B is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (44.6%).


Return on Equity

High ROE: NETM B has a negative Return on Equity (-61.36%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Netmore Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NETM B's short term assets (SEK90.2M) exceed its short term liabilities (SEK28.3M).

Long Term Liabilities: NETM B's short term assets (SEK90.2M) exceed its long term liabilities (SEK4.7M).


Debt to Equity History and Analysis

Debt Level: NETM B is debt free.

Reducing Debt: NETM B has no debt compared to 5 years ago when its debt to equity ratio was 28.3%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NETM B has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NETM B has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Netmore Group Dividend Yield vs Market
How does Netmore Group dividend yield compare to the market?
SegmentDividend Yield
Company (Netmore Group)n/a
Market Bottom 25% (SE)1.8%
Market Top 25% (SE)6.1%
Industry Average (Wireless Telecom)7.9%
Analyst forecast in 3 Years (Netmore Group)n/a

Notable Dividend: Unable to evaluate NETM B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NETM B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NETM B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NETM B's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NETM B has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.8yrs

Average management tenure


CEO

Ove Anebygd (60 yo)

2.08yrs

Tenure

Mr. Ove Anebygd is Chief Executive Officer at Netmore Group AB (publ) since September 2020. He has been Chief Executive Officer of Qvantel Oy since January 2017. Mr. Anebygd joined Qvantel from Ericsson, w...


Leadership Team

Experienced Management: NETM B's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: NETM B's board of directors are not considered experienced ( 2.3 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

OM:NETM B Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
02 Jun 22Buykr3Buildroid Invest ABCompany2kr1.51
20 May 22Buykr8,441,084Buildroid Invest ABCompany5,477,666kr1.54
20 May 22Sellkr196,870,153Buildroid Invest ABCompany127,044,271kr1.55

Ownership Breakdown

What is the ownership structure of NETM B?
Owner TypeNumber of SharesOwnership Percentage
Institutions10,348,1303.3%
Individual Insiders15,739,2145.0%
Private Companies39,283,38112.4%
General Public250,763,94879.3%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.6%.


Top Shareholders

Top 16 shareholders own 20.68% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
3.46%
Kapitopia Ab
10,941,422SEK20.2m0%no data
2.57%
Advanced Research Sweden AB
8,126,857SEK15.0m0%no data
2.12%
Avanza Fonder AB
6,693,376SEK12.4m0%0.03%
1.96%
Johan Jober
6,206,298SEK11.5m0%no data
1.94%
Electrical Communication In Scandinavia AB
6,138,676SEK11.4m0%no data
1.75%
Miranet AB
5,534,657SEK10.2m0%no data
1.67%
Söderbergföretagen Infrastruktur Ab
5,288,407SEK9.8m0%no data
1.16%
Nordnet Pensionsförsäkring Ab, Asset Management Arm
3,654,754SEK6.8m0%0.21%
1.07%
Ove Anebygd
3,384,615SEK6.3m0%no data
1.03%
Zumbri Ab
3,253,360SEK6.0m0%no data
0.98%
Thomas Norberg
3,097,789SEK5.7m0%no data
0.59%
Rolf Norberg
1,850,222SEK3.4m0%no data
0.25%
Thomas Eriksson
790,000SEK1.5m0%no data
0.071%
Sara Roste
224,787SEK415.9k0%no data
0.059%
Thomas Plate
185,503SEK343.2k0%no data
0%
Buildroid Invest AB
2SEK3.7-100%no data

Company Information

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


Key Information

  • Name: Netmore Group AB (publ)
  • Ticker: NETM B
  • Exchange: OM
  • Founded: 2010
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: kr584.849m
  • Shares outstanding: 316.13m
  • Website: https://netmoregroup.com

Number of Employees


Location

  • Netmore Group AB (publ)
  • Liljeholmsstranden 5
  • Stockholm
  • Stockholm County
  • 117-43
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NETM BOM (OMX Nordic Exchange Stockholm)YesSeries B sharesSESEKJul 2017
98BDB (Deutsche Boerse AG)YesSeries B sharesDEEURJul 2017
NETM BTA B 1OM (OMX Nordic Exchange Stockholm)SER'B'NPV BTA 122021SESEKNov 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 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.