Duyuru • Oct 23
Genesis IT AB (publ) to Report Q3, 2023 Results on Nov 21, 2023 Genesis IT AB (publ) announced that they will report Q3, 2023 results on Nov 21, 2023 Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to kr27.20, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 45x in the Software industry in Sweden. Total returns to shareholders of 87% over the past three years. New Risk • Oct 10
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 8.7% 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 Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (kr221.1m market cap, or US$20.2m). Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr23.60, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 44x in the Software industry in Sweden. Total returns to shareholders of 58% over the past three years. Reported Earnings • Aug 31
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr19.6m (up 7.6% from 2Q 2022). Net income: kr1.89m (down 19% from 2Q 2022). Profit margin: 9.6% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Duyuru • Jul 31
Genesis IT AB (publ) to Report Q2, 2023 Results on Aug 29, 2023 Genesis IT AB (publ) announced that they will report Q2, 2023 results on Aug 29, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr19.50, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 41x in the Software industry in Sweden. Total returns to shareholders of 8.6% over the past three years. Reported Earnings • May 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr18.0m (up 5.2% from 1Q 2022). Net income: kr2.30m (up 1.3% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Duyuru • Jan 30
Genesis IT AB (publ) to Report Fiscal Year 2022 Results on Feb 28, 2023 Genesis IT AB (publ) announced that they will report fiscal year 2022 results on Feb 28, 2023 Reported Earnings • Nov 23
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr17.8m (up 5.8% from 3Q 2021). Net income: kr4.02m (up 1.4% from 3Q 2021). Profit margin: 23% (in line with 3Q 2021). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 21% share price gain to kr16.95, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 33x in the Software industry in Sweden. Total returns to shareholders of 23% over the past three years. Reported Earnings • Sep 02
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr18.3m (up 11% from 2Q 2021). Net income: kr2.34m (up 129% from 2Q 2021). Profit margin: 13% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • May 24
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr17.1m (up 10% from 1Q 2021). Net income: kr2.27m (up 4.2% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Upcoming Dividend • Apr 29
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Swedish dividend payers (4.6%). Higher than average of industry peers (0.4%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Pär-Ola Gustavsson was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: kr1.06 (vs kr1.76 in FY 2020) Full year 2021 results: EPS: kr1.06 (down from kr1.76 in FY 2020). Revenue: kr68.5m (down 14% from FY 2020). Net income: kr10.6m (down 40% from FY 2020). Profit margin: 16% (down from 22% in FY 2020). The decrease in margin was driven by lower revenue. 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 2% per year, which means it has not declined as severely as earnings. Duyuru • Apr 07
Genesis IT AB (publ), Annual General Meeting, May 05, 2022 Genesis IT AB (publ), Annual General Meeting, May 05, 2022. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr1.06 (down from kr1.76 in FY 2020). Revenue: kr68.5m (down 14% from FY 2020). Net income: kr10.6m (down 40% from FY 2020). Profit margin: 16% (down from 22% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: kr16.8m (up 1.7% from 3Q 2020). Net income: kr3.96m (up 2.4% from 3Q 2020). Profit margin: 24% (in line with 3Q 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr16.00, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 83x in the Software industry in Sweden. Total loss to shareholders of 21% over the past three years. Reported Earnings • May 30
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr15.5m (down 31% from 1Q 2020). Net income: kr2.18m (down 63% from 1Q 2020). Profit margin: 14% (down from 26% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr20.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 68x in the Software industry in Sweden. Total returns to shareholders of 10% over the past three years. Upcoming Dividend • Apr 30
Upcoming dividend of kr0.64 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 14 May 2021. Trailing yield: 2.4%. Lower than top quartile of Swedish dividend payers (3.5%). Higher than average of industry peers (0.4%). Reported Earnings • Apr 19
Full year 2020 earnings released: EPS kr1.76 (vs kr1.80 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: kr80.1m (down 8.5% from FY 2019). Net income: kr17.5m (down 2.3% from FY 2019). Profit margin: 22% (up from 21% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS kr1.76 (vs kr1.80 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: kr80.1m (down 8.5% from FY 2019). Net income: kr17.5m (down 2.3% from FY 2019). Profit margin: 22% (up from 21% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr20.20, the stock is trading at a trailing P/E ratio of 10.6x, down from the previous P/E ratio of 12.7x. This compares to an average P/E of 51x in the Software industry in Sweden. Total return to shareholders over the past three years is a loss of 2.6%. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 19% share price gain to kr24.20, the stock is trading at a trailing P/E ratio of 12.7x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 51x in the Software industry in Sweden. Total returns to shareholders over the past three years are 10.0%. Is New 90 Day High Low • Dec 08
New 90-day high: kr21.80 The company is up 37% from its price of kr15.90 on 08 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 30% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 20% share price gain to kr21.40, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 57x in the Software industry in Sweden. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Nov 10
New 90-day high: kr16.10 The company is up 2.0% from its price of kr15.80 on 12 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: kr14.70 The company is down 14% from its price of kr17.00 on 06 July 2020. The Swedish market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 14% over the same period.