Board Change • Apr 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Deputy Director Jesper Ranki was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: kr14.28 (vs kr12.66 in FY 2024) Full year 2025 results: EPS: kr14.28 (up from kr12.66 in FY 2024). Revenue: kr2.33b (up 2.6% from FY 2024). Net income: kr105.7m (up 13% from FY 2024). Profit margin: 4.5% (up from 4.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Mar 27
ProfilGruppen AB (publ), Annual General Meeting, Apr 28, 2026 ProfilGruppen AB (publ), Annual General Meeting, Apr 28, 2026, at 16:00 W. Europe Standard Time. Location: folkets hus, aseda Sweden Declared Dividend • Feb 28
Dividend of kr5.00 announced Shareholders will receive a dividend of kr5.00. Ex-date: 29th April 2026 Payment date: 6th May 2026 Dividend yield will be 5.0%, which is lower than the industry average of 7.2%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Feb 14
ProfilGruppen AB (publ) Omits to Pay Dividend for Financial Year 2025 ProfilGruppen AB (publ)'s Board of Directors proposed that no dividend be paid for the 2025 financial year (5 SEK per share). Duyuru • Nov 29
ProfilGruppen AB (publ) Forced to Close Operation in Poland ProfilGruppen AB (publ) received information that the acquisition offer made for the profile operations in Poland that have been leased since earlier this year will not be accepted. This means that operations will be shut down and that it must vacate the facilities no later than early January. There remains a slight theoretical possibility that those responsible for the insolvency proceedings in Poland may recognise that it offer is highly advantageous for the creditors and return with a proposal before its winding-down makes it impossible for it to restart operations. At present, however, it focus on identifying alternative solutions and minimising the loss. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: kr1.91 (vs kr2.26 in 3Q 2024) Third quarter 2025 results: EPS: kr1.91 (down from kr2.26 in 3Q 2024). Revenue: kr534.4m (up 5.5% from 3Q 2024). Net income: kr14.1m (down 16% from 3Q 2024). Profit margin: 2.6% (down from 3.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Oct 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr895.3m (US$95.5m) This is considered a minor 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (kr895.3m market cap, or US$95.5m). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr133, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 12x in the Metals and Mining industry in Sweden. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr180, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 12x in the Metals and Mining industry in Sweden. Total returns to shareholders of 95% over the past three years. Buy Or Sell Opportunity • Aug 27
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to kr153. The fair value is estimated to be kr124, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 9.1%. Buy Or Sell Opportunity • Aug 07
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to kr160. The fair value is estimated to be kr125, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 9.1%. Reported Earnings • Jul 16
Second quarter 2025 earnings released: EPS: kr2.52 (vs kr5.33 in 2Q 2024) Second quarter 2025 results: EPS: kr2.52 (down from kr5.33 in 2Q 2024). Revenue: kr711.6m (up 18% from 2Q 2024). Net income: kr18.7m (down 53% from 2Q 2024). Profit margin: 2.6% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr153, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total loss to shareholders of 6.2% over the past three years. Buy Or Sell Opportunity • May 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to kr141. The fair value is estimated to be kr117, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has declined by 12%. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr150, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total returns to shareholders of 13% over the past three years. Buy Or Sell Opportunity • May 14
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to kr141. The fair value is estimated to be kr111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: kr5.75 (vs kr3.43 in 1Q 2024) First quarter 2025 results: EPS: kr5.75 (up from kr3.43 in 1Q 2024). Revenue: kr641.3m (up 10% from 1Q 2024). Net income: kr42.5m (up 67% from 1Q 2024). Profit margin: 6.6% (up from 4.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 23
Upcoming dividend of kr5.00 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Within top quartile of Swedish dividend payers (4.1%). In line with average of industry peers (4.0%). Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: kr12.66 (vs kr12.27 in FY 2023) Full year 2024 results: EPS: kr12.66 (up from kr12.27 in FY 2023). Revenue: kr2.27b (down 6.9% from FY 2023). Net income: kr93.7m (up 3.2% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 20
Dividend of kr5.00 announced Dividend of kr5.00 is the same as last year. Ex-date: 30th April 2025 Payment date: 7th May 2025 Dividend yield will be 4.3%, which is lower than the industry average of 7.2%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 6.6% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 4.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: kr12.66 (vs kr12.27 in FY 2023) Full year 2024 results: EPS: kr12.66 (up from kr12.27 in FY 2023). Revenue: kr2.27b (down 6.9% from FY 2023). Net income: kr93.7m (up 3.2% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Oct 23
ProfilGruppen AB (Publ) Announces Executive Appointments ProfilGruppen AB (publ) is introducing a new organization based on four result areas instead of the function-based organization that has been used so far. The new structure is based on the significantly different types of business that are part of ProfilGruppen's operations. Fredrik Uhrbom has been appointed head of the Contract Manufacturing result area and vice president of the Group. Fredrik has been with ProfilGruppen since 2013, most recently as Marketing and Sales Manager. Patrick Massana has been appointed head of the Components result area. Patrick has been with ProfilGruppen since 2013, most recently as sales manager Sweden, Norway and Finland. Özkan Kosmaz has been appointed head of the Extrusions result area. Özkan has been in ProfilGruppen since 2023, as manager of profile manufacturing. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: kr2.25 (vs kr3.38 in 3Q 2023) Third quarter 2024 results: EPS: kr2.25 (down from kr3.38 in 3Q 2023). Revenue: kr506.6m (down 5.2% from 3Q 2023). Net income: kr16.7m (down 33% from 3Q 2023). Profit margin: 3.3% (down from 4.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: kr5.32 (vs kr4.96 in 2Q 2023) Second quarter 2024 results: EPS: kr5.32 (up from kr4.96 in 2Q 2023). Revenue: kr604.5m (down 10% from 2Q 2023). Net income: kr39.4m (up 7.4% from 2Q 2023). Profit margin: 6.5% (up from 5.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Apr 24
ProfilGruppen AB (publ) to Report Q2, 2024 Results on Jul 16, 2024 ProfilGruppen AB (publ) announced that they will report Q2, 2024 results at 2:00 PM, Central European Standard Time on Jul 16, 2024 Upcoming Dividend • Apr 17
Upcoming dividend of kr5.00 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Swedish dividend payers (4.4%). Lower than average of industry peers (4.2%). Board Change • Apr 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tomas Berggren was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: kr12.27 (vs kr12.57 in FY 2022) Full year 2023 results: EPS: kr12.27 (down from kr12.57 in FY 2022). Revenue: kr2.44b (down 9.5% from FY 2022). Net income: kr90.8m (down 2.4% from FY 2022). Profit margin: 3.7% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Duyuru • Mar 23
ProfilGruppen AB (publ), Annual General Meeting, Apr 23, 2024 ProfilGruppen AB (publ), Annual General Meeting, Apr 23, 2024, at 16:00 Central European Standard Time. Location: Folkets Hus in Åseda ÅSeda Sweden Agenda: To consider the agm is opened; to election of a chairman for the agm; to selection of adjusters; to preparation and approval of the voting list; to approval of the board’s proposed agenda; to confirmation that the agm has been duly convened; to submission of the annual report and the auditors’ report and also the consolidated accounts and consolidated auditors' report; and to consider other matters if any. Declared Dividend • Feb 19
Dividend increased to kr5.00 Dividend of kr5.00 is 25% higher than last year. Ex-date: 24th April 2024 Payment date: 30th April 2024 Dividend yield will be 4.6%, which is lower than the industry average of 7.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: kr12.27 (vs kr12.57 in FY 2022) Full year 2023 results: EPS: kr12.27 (down from kr12.57 in FY 2022). Revenue: kr2.44b (down 9.5% from FY 2022). Net income: kr90.8m (down 2.4% from FY 2022). Profit margin: 3.7% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Duyuru • Dec 16
ProfilGruppen AB Announces Jonny Sandstedt End His Employment as CFO ProfilGruppen AB announced its CFO Jonny Sandstedt has on December 15, 2023 announced that he will end his employment with the company. Recent Insider Transactions • Oct 23
Independent Director recently bought kr772k worth of stock On the 19th of October, Mari-Katharina Kadowaki bought around 8k shares on-market at roughly kr91.91 per share. This transaction increased Mari-Katharina's direct individual holding by 1x at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr805k. Insiders have collectively bought kr3.3m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: kr3.38 (vs kr2.07 in 3Q 2022) Third quarter 2023 results: EPS: kr3.38 (up from kr2.07 in 3Q 2022). Revenue: kr534.4m (down 13% from 3Q 2022). Net income: kr25.0m (up 63% from 3Q 2022). Profit margin: 4.7% (up from 2.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 10
Independent Director recently bought kr136k worth of stock On the 6th of September, Mari-Katharina Kadowaki bought around 1k shares on-market at roughly kr101 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr819k. Insiders have collectively bought kr2.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 24
Independent Director recently bought kr805k worth of stock On the 21st of August, Mari-Katharina Kadowaki bought around 8k shares on-market at roughly kr98.31 per share. This transaction increased Mari-Katharina's direct individual holding by 7x at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr819k. Insiders have collectively bought kr2.2m more in shares than they have sold in the last 12 months. Duyuru • Jul 28
Profilgruppen AB (Publ) Appoints Bengt Stillström as New Chairman of the Board ProfilGruppen AB (publ) Board has appointed Bengt Stillström as new Chairman of the Board. Duyuru • Jul 23
ProfilGruppen AB (publ) Announces Resignation of Mats Johansson as Chairman of the Board The Chairman of the Board of ProfilGruppen AB, Mats Johansson, has requested resignation from the Board. A new Chairman will therefore, in accordance with the decision of the General Meeting, be appointed within the Board. Mats Johansson states as reason for his resignation that he finds it impossible to complete his mission since he has been requested to resign by the company's main owner and Board Member Bengt Stillström. Recent Insider Transactions • Jul 21
Independent Director recently bought kr80k worth of stock On the 18th of July, Mari-Katharina Kadowaki bought around 754 shares on-market at roughly kr107 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr819k. Insiders have collectively bought kr1.1m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr4.96 (vs kr7.68 in 2Q 2022) Second quarter 2023 results: EPS: kr4.96 (down from kr7.68 in 2Q 2022). Revenue: kr672.5m (down 11% from 2Q 2022). Net income: kr36.7m (down 35% from 2Q 2022). Profit margin: 5.5% (down from 7.5% 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 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 18
Independent Director recently bought kr819k worth of stock On the 12th of June, Mari-Katharina Kadowaki bought around 8k shares on-market at roughly kr109 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.0m more in shares than they have sold in the last 12 months. Upcoming Dividend • Apr 12
Upcoming dividend of kr4.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (4.9%). Lower than average of industry peers (7.8%). Reported Earnings • Mar 29
Full year 2022 earnings released Full year 2022 results: Revenue: kr2.70b (up 27% from FY 2021). Net income: kr93.0m (down 27% from FY 2021). Profit margin: 3.4% (down from 6.0% in FY 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr12.58 (vs kr17.26 in FY 2021) Full year 2022 results: EPS: kr12.58 (down from kr17.26 in FY 2021). Revenue: kr2.70b (up 27% from FY 2021). Net income: kr93.0m (down 27% from FY 2021). Profit margin: 3.4% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr145, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 9x in the Metals and Mining industry in Sweden. Total returns to shareholders of 60% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. 1 highly experienced director. Independent Director Bengt Stillstrom is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr612.3m (up 26% from 3Q 2021). Net income: kr15.3m (down 43% from 3Q 2021). Profit margin: 2.5% (down from 5.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr84.80, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 6x in the Metals and Mining industry in Sweden. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr104, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 8x in the Metals and Mining industry in Sweden. Total returns to shareholders of 12% over the past three years. Buying Opportunity • Aug 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be kr154, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 34%. Reported Earnings • Jul 16
Second quarter 2022 earnings released: EPS: kr7.68 (vs kr4.68 in 2Q 2021) Second quarter 2022 results: EPS: kr7.68 (up from kr4.68 in 2Q 2021). Revenue: kr752.6m (up 39% from 2Q 2021). Net income: kr56.8m (up 64% from 2Q 2021). Profit margin: 7.5% (up from 6.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to kr132, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 14x in the Metals and Mining industry in Sweden. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 23% share price gain to kr172, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 11x in the Metals and Mining industry in Sweden. Total returns to shareholders of 61% over the past three years. Buying Opportunity • May 09
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be kr164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 18%. Board Change • May 08
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. 1 highly experienced director. Independent Director Bengt Stillstrom is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr162, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 10x in the Metals and Mining industry in Sweden. Total returns to shareholders of 49% over the past three years. Recent Insider Transactions • Apr 28
Marketing & Sales Manager recently sold kr328k worth of stock On the 25th of April, Fredrik Uhrbom sold around 2k shares on-market at roughly kr204 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: kr4.35 (vs kr3.27 in 1Q 2021) First quarter 2022 results: EPS: kr4.35 (up from kr3.27 in 1Q 2021). Revenue: kr751.9m (up 63% from 1Q 2021). Net income: kr32.2m (up 33% from 1Q 2021). Profit margin: 4.3% (down from 5.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Board Change • Apr 27
High number of new directors Chairman of the Board Mats Karlsson was the last director to join the board, commencing their role in 2021. Upcoming Dividend • Apr 20
Upcoming dividend of kr13.50 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 03 May 2022. Trailing yield: 4.0%. Lower than top quartile of Swedish dividend payers (4.6%). Lower than average of industry peers (6.0%). Board Change • Apr 08
High number of new directors Chairman of the Board Mats Karlsson was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 16% share price gain to kr179, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total returns to shareholders of 55% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: kr17.26 (vs kr2.45 in FY 2020) Full year 2021 results: EPS: kr17.26 (up from kr2.45 in FY 2020). Revenue: kr2.12b (up 50% from FY 2020). Net income: kr127.7m (up kr109.6m from FY 2020). Profit margin: 6.0% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 21% share price gain to kr182, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 13x in the Metals and Mining industry in Sweden. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 24% share price gain to kr147, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 15x in the Metals and Mining industry in Sweden. Total returns to shareholders of 47% over the past three years. Buying Opportunity • Feb 21
Now 21% undervalued Over the last 90 days, the stock is up 10.0%. The fair value is estimated to be kr160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr17.26 (up from kr2.45 in FY 2020). Revenue: kr2.12b (up 50% from FY 2020). Net income: kr127.7m (up kr109.6m from FY 2020). Profit margin: 6.0% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 23%. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year.