Announcement • May 28
Transtema Group AB has completed a Follow-on Equity Offering in the amount of SEK 40.266705 million. Transtema Group AB has completed a Follow-on Equity Offering in the amount of SEK 40.266705 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,106,682
Price\Range: SEK 2.5
Transaction Features: Rights Offering New Risk • May 20
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 13% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (kr167.5m market cap, or US$17.8m). Reported Earnings • May 18
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr547.5m (down 8.3% from 1Q 2025). Net loss: kr27.3m (down kr29.8m from profit in 1Q 2025). Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Telecom industry in Europe are expected to grow by 2.4%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 15
Consensus EPS estimates fall from profit to kr0.42 loss The consensus outlook for fiscal year 2026 has been updated. Expected to report loss instead of -kr0.42 instead of kr0.14 per share profit previously forecast. Revenue forecast unchanged at kr2.23b Telecom industry in Sweden expected to see average net income growth of 21% next year. Consensus price target of kr7.90 unchanged from last update. Share price fell 18% to kr3.50 over the past week. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (kr150.3m market cap, or US$16.1m). New Risk • Mar 30
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 10% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr176.1m market cap, or US$18.4m). Reported Earnings • Feb 10
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: kr2.86 loss per share (further deteriorated from kr0.26 loss in FY 2024). Revenue: kr2.60b (up 4.5% from FY 2024). Net loss: kr122.7m (loss widened kr112.0m from FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Telecom industry in Sweden are expected to grow by 2.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 07
Consensus revenue estimates decrease by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from kr2.56b to kr2.21b. EPS estimate unchanged from kr0.14 per share at last update. Telecom industry in Sweden expected to see average net income growth of 23% next year. Consensus price target of kr14.75 unchanged from last update. Share price fell 6.4% to kr6.04 over the past week. Major Estimate Revision • Jan 24
Consensus EPS estimates fall by 41% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr0.52 to kr0.305. Revenue forecast unchanged from kr2.64b at last update. Net income forecast to grow 1,361% next year vs 23% growth forecast for Telecom industry in Sweden. Consensus price target down from kr17.75 to kr14.75. Share price fell 22% to kr6.77 over the past week. New Risk • Dec 05
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 8.2% 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: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.06% net profit margin). Market cap is less than US$100m (kr359.5m market cap, or US$38.2m). Reported Earnings • Nov 09
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: kr0.18 loss per share (down from kr0.23 profit in 3Q 2024). Revenue: kr618.2m (up 4.7% from 3Q 2024). Net loss: kr7.60m (down 180% from profit in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Telecom industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings have declined by 1.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (kr385.3m market cap, or US$40.3m). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to kr8.97, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 20x in the Telecom industry in Sweden. Total loss to shareholders of 67% over the past three years. Announcement • Oct 30
Transtema Group AB, Annual General Meeting, May 12, 2026 Transtema Group AB, Annual General Meeting, May 12, 2026. Price Target Changed • Oct 13
Price target decreased by 12% to kr21.75 Down from kr24.75, the current price target is an average from 2 analysts. New target price is 90% above last closing price of kr11.46. Stock is down 23% over the past year. The company is forecast to post earnings per share of kr0.92 next year compared to a net loss per share of kr0.26 last year. Major Estimate Revision • Oct 07
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr2.67b to kr2.63b. EPS estimate also fell from kr1.13 per share to kr0.915 per share. Net income forecast to grow 162% next year vs 16% growth forecast for Telecom industry in Sweden. Consensus price target down from kr24.75 to kr23.25. Share price fell 5.8% to kr11.40 over the past week. Price Target Changed • Oct 06
Price target decreased by 11% to kr23.25 Down from kr26.00, the current price target is an average from 2 analysts. New target price is 102% above last closing price of kr11.50. Stock is down 21% over the past year. The company is forecast to post earnings per share of kr0.92 next year compared to a net loss per share of kr0.26 last year. Major Estimate Revision • Aug 21
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from kr1.03 to kr1.13. Revenue forecast steady at kr2.67b. Net income forecast to grow 253% next year vs 12% growth forecast for Telecom industry in Sweden. Consensus price target of kr24.75 unchanged from last update. Share price fell 13% to kr13.20 over the past week. Reported Earnings • Aug 17
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: kr0.29 (up from kr0.022 in 2Q 2024). Revenue: kr671.3m (up 10% from 2Q 2024). Net income: kr12.1m (up kr11.2m from 2Q 2024). Profit margin: 1.8% (up from 0.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Telecom industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 29
Price target decreased by 8.3% to kr24.75 Down from kr27.00, the current price target is an average from 2 analysts. New target price is 54% above last closing price of kr16.06. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of kr1.03 next year compared to a net loss per share of kr0.26 last year. Major Estimate Revision • Jul 11
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 consensus EPS estimate fell from kr1.21 to kr1.05. Revenue forecast reaffirmed at kr2.64b. Net income forecast to grow 644% next year vs 11% growth forecast for Telecom industry in Sweden. Consensus price target down from kr27.00 to kr26.00. Share price was steady at kr16.12 over the past week. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: kr0.078 (up from kr0.37 loss in 1Q 2024). Revenue: kr597.7m (up 20% from 1Q 2024). Net income: kr2.55m (up kr18.1m from 1Q 2024). Profit margin: 0.4% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Telecom industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 07
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: kr0.25 loss per share (down from kr4.18 profit in FY 2023). Revenue: kr2.49b (down 7.3% from FY 2023). Net loss: kr10.7m (down 106% from profit in FY 2023). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 23% per year. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Anna Honner was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 11
Price target decreased by 7.7% to kr24.00 Down from kr26.00, the current price target is an average from 2 analysts. New target price is 43% above last closing price of kr16.74. Stock is up 51% over the past year. The company is forecast to post earnings per share of kr0.33 for next year compared to kr4.18 last year. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr0.23 (vs kr0.71 in 3Q 2023) Third quarter 2024 results: EPS: kr0.23 (down from kr0.71 in 3Q 2023). Revenue: kr590.6m (down 2.1% from 3Q 2023). Net income: kr9.52m (down 68% from 3Q 2023). Profit margin: 1.6% (down from 4.9% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Nov 01
Transtema Group AB, Annual General Meeting, May 08, 2025 Transtema Group AB, Annual General Meeting, May 08, 2025. Announcement • Aug 30
'Transtema Group AB Appoints Jonas Rigner as Deputy CEO and Charlotta Ungerth as CIO Transtema has announced the appointment of Jonas Rigner as deputy CEO and recent addition of Charlotta Ungerth as CIO. Rigner retains his role as MD at subsidiary Transtema Network Services in combination with his new responsibilities. Ungerth has approximately ten years of experience in driving digitisation and transformation in the services sector, as well as ten years in telecoms. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: kr0.02 (vs kr1.77 in 2Q 2023) Second quarter 2024 results: EPS: kr0.02 (down from kr1.77 in 2Q 2023). Revenue: kr609.1m (down 15% from 2Q 2023). Net income: kr935.0k (down 99% from 2Q 2023). Profit margin: 0.2% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr17.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Telecom industry in Europe. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr13.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Telecom industry in Europe. Total loss to shareholders of 39% over the past three years. Major Estimate Revision • May 14
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr2.55b to kr2.36b. EPS estimate also fell from kr2.00 per share to kr1.14 per share. Net income forecast to shrink 48% next year vs 21% growth forecast for Telecom industry in Sweden . Consensus price target down from kr27.78 to kr25.00. Share price rose 2.7% to kr11.98 over the past week. Reported Earnings • May 07
First quarter 2024 earnings released: kr0.38 loss per share (vs kr1.22 profit in 1Q 2023) First quarter 2024 results: kr0.38 loss per share (down from kr1.22 profit in 1Q 2023). Revenue: kr500.4m (down 23% from 1Q 2023). Net loss: kr15.6m (down 132% from profit in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Mar 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 12% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risk Market cap is less than US$100m (kr546.1m market cap, or US$51.7m). Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: kr3.20 (vs kr3.22 in FY 2022) Full year 2023 results: EPS: kr3.20. Revenue: kr2.69b (up 9.6% from FY 2022). Net income: kr172.6m (up 38% from FY 2022). Profit margin: 6.4% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Telecom industry in Sweden. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr16.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Telecom industry in Europe. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to kr17.32, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Telecom industry in Europe. Total returns to shareholders of 57% over the past three years. New Risk • Dec 11
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 9.2% 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: Major Risks Earnings are forecast to decline by an average of 14% per year for the foreseeable future. High level of non-cash earnings (34% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Market cap is less than US$100m (kr551.1m market cap, or US$52.5m). Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: kr0.72 (vs kr0.58 in 3Q 2022) Third quarter 2023 results: EPS: kr0.72 (up from kr0.58 in 3Q 2022). Revenue: kr603.9m (down 2.2% from 3Q 2022). Net income: kr29.6m (up 31% from 3Q 2022). Profit margin: 4.9% (up from 3.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, while revenues in the Telecom industry in Sweden are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr11.46, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Telecom industry in Europe. Total returns to shareholders of 18% over the past three years. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 13% per year for the foreseeable future. High level of non-cash earnings (31% accrual ratio). Minor Risks Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Market cap is less than US$100m (kr688.8m market cap, or US$63.6m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: kr1.77 (vs kr0.84 in 2Q 2022) Second quarter 2023 results: EPS: kr1.77 (up from kr0.84 in 2Q 2022). Revenue: kr713.9m (up 14% from 2Q 2022). Net income: kr73.1m (up 124% from 2Q 2022). Profit margin: 10% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Jun 28
Chairman of the Board exercised options to buy kr1.7m worth of stock. On the 26th of June, Magnus Johansson exercised options to buy 100k shares at a strike price of around kr9.90, costing a total of kr990k. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. Since March 2023, Magnus has owned 8.76m shares directly. This was the only transaction from an insider over the last 12 months. Major Estimate Revision • Jun 27
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr3.10b to kr3.04b. EPS estimate also fell from kr3.12 per share to kr2.42 per share. Net income forecast to shrink 30% next year vs 11% growth forecast for Telecom industry in Sweden . Consensus price target down from kr52.00 to kr46.00. Share price fell 25% to kr16.90 over the past week. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to kr18.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Telecom industry in Europe. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr27.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Telecom industry in Europe. Total returns to shareholders of 426% over the past three years. Reported Earnings • Feb 10
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: kr3.22 (up from kr2.35 in FY 2021). Revenue: kr2.47b (up 46% from FY 2021). Net income: kr125.0m (up 39% from FY 2021). Profit margin: 5.1% (down from 5.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 16
Price target increased to kr54.50 Up from kr46.00, the current price target is an average from 2 analysts. New target price is 36% above last closing price of kr39.94. Stock is up 0.1% over the past year. The company is forecast to post earnings per share of kr2.45 for next year compared to kr2.35 last year. 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 kr35.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Telecom industry in Europe. Total returns to shareholders of 506% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr37.11 per share. Major Estimate Revision • Dec 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from kr2.19 to kr2.48. Revenue forecast steady at kr2.35b. Net income forecast to grow 33% next year vs 8.1% growth forecast for Telecom industry in Sweden. Consensus price target up from kr46.00 to kr48.50. Share price rose 3.0% to kr32.00 over the past week. Buying Opportunity • Dec 15
Now 22% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be kr40.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 29% in the next 2 years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Linus Brandt was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: kr0.58 (vs kr0.54 in 3Q 2021) Third quarter 2022 results: EPS: kr0.58 (up from kr0.54 in 3Q 2021). Revenue: kr617.8m (up 60% from 3Q 2021). Net income: kr22.6m (up 8.7% from 3Q 2021). Profit margin: 3.7% (down from 5.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Sweden. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 16
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be kr41.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 20% share price gain to kr34.00, the stock trades at a trailing P/E ratio of 17.6x. Average forward P/E is 14x in the Telecom industry in Europe. Total returns to shareholders of 215% over the past three years. Recent Insider Transactions • May 11
CEO & Director recently bought kr171k worth of stock On the 5th of May, Magnus Johansson bought around 5k shares on-market at roughly kr31.78 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Magnus has been a net seller over the last 12 months, reducing personal holdings by kr5.1m. Price Target Changed • May 10
Price target decreased to kr48.00 Down from kr54.00, the current price target is provided by 1 analyst. New target price is 81% above last closing price of kr26.56. Stock is up 41% over the past year. The company posted earnings per share of kr2.35 last year. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: kr0.28 (vs kr0.68 in 1Q 2021) First quarter 2022 results: EPS: kr0.28 (down from kr0.68 in 1Q 2021). Revenue: kr445.4m (up 15% from 1Q 2021). Net income: kr11.0m (down 58% from 1Q 2021). Profit margin: 2.5% (down from 6.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 3.9% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new 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. 1 highly experienced director. Independent Director Linus Brandt was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 24% share price gain to kr38.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Telecom industry in Europe. Total returns to shareholders of 168% over the past three years. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr2.35 (up from kr0.83 in FY 2020). Revenue: kr1.69b (up 21% from FY 2020). Net income: kr90.1m (up 206% from FY 2020). Profit margin: 5.3% (up from 2.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.8%, compared to a 4.2% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr40.60, the stock trades at a trailing P/E ratio of 17.8x. Average forward P/E is 15x in the Telecom industry in Europe. Total returns to shareholders of 171% over the past three years. Recent Insider Transactions • Dec 10
CEO & Director recently sold kr5.3m worth of stock On the 3rd of December, Magnus Johansson sold around 99k shares on-market at roughly kr53.55 per share. This was the largest sale by an insider in the last 3 months. This was Magnus' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr47.30, the stock trades at a trailing P/E ratio of 20.7x. Average forward P/E is 15x in the Telecom industry in Europe. Total returns to shareholders of 228% over the past three years. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS kr0.55 (vs kr0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr387.5m (up 27% from 3Q 2020). Net income: kr20.8m (up 164% from 3Q 2020). Profit margin: 5.4% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS kr0.55 (vs kr0.20 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr387.5m (up 27% from 3Q 2020). Net income: kr20.8m (up 164% from 3Q 2020). Profit margin: 5.4% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 21% share price gain to kr45.90, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 16x in the Telecom industry in Europe. Total returns to shareholders of 195% over the past three years. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS kr0.52 (vs kr0.18 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr448.8m (up 31% from 2Q 2020). Net income: kr20.1m (up kr25.9m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.