Calviks AB (publ)
Calviks AB (publ) operates as an investment holding company, primarily generating revenue through equity investments and capital appreciation.
Business. Calviks AB (publ) is an investment holding company listed on the Nasdaq Stockholm under the ticker CALVIK.ST. The firm operates within the financials sector, specifically focusing on investment holding activities. As detailed segment and geographic data are not provided, the company is described at the industry level without specific operational breakdowns. Its primary listing remains on the Swedish exchange.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Calviks AB (publ) is an investment holding company listed on the Nasdaq Stockholm under the ticker CALVIK.ST. The firm operates within the financials sector, specifically focusing on investment holding activities. As detailed segment and geographic data are not provided, the company is described at the industry level without specific operational breakdowns. Its primary listing remains on the Swedish exchange.
Calviks maintains a capital structure with a debt-to-equity ratio of 0.58, indicating moderate leverage. The company's liquidity position is characterized by a current ratio of 0.99, suggesting limited short-term liquidity cushion. Despite holding 31.5 million SEK in cash and equivalents, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.
Profitability metrics show a return on equity (ROE) of 7.73% and a return on assets (ROA) of 2.13%, both below the typical thresholds for investment holding companies. The company's operating margin is 10.0%, and net margin is 6.9%, which are in line with the industry's median performance. However, the company's price-to-earnings (P/E) ratio of 63.39 is significantly higher than the industry median, indicating a premium valuation.
Geographically, Calviks' revenue is concentrated in its domestic market, with no disclosed international segments. The company's exposure to a single geographic region increases its vulnerability to local economic conditions. Segment-wise, the company operates as a single business unit, with no material diversification across product lines or services.
The company's growth trajectory is mixed. Revenue in the latest period was 68.4 million SEK, and while the company's free cash flow is positive at 5.6 million SEK, the operating cash flow is negative at -7.9 million SEK. Analysts project a mean revenue estimate of 1.88 billion SEK for the next fiscal year, representing a significant increase from the actual revenue of 1.35 billion SEK. However, the mean EPS estimate of 7.23 SEK is also notably higher than the last actual EPS of 2.99 SEK, suggesting potential earnings growth.
Risk factors include a medium liquidity risk due to the current ratio being near 1 and a negative net cash position. The company's dilution risk is assessed as low, with no significant dilution potential in the near term. The risk assessment also highlights the need for close monitoring of the company's cash flow and debt management strategies.
Recent events include the publication of the latest financial snapshot, which provides updated figures for revenue, operating income, and net income. The company's market price of 55.0 SEK is slightly above the mean and median price targets of 54.0 SEK, indicating a positive outlook from analysts.
- Calviks has a high P/E ratio of 63.39, suggesting a premium valuation relative to earnings.
- The company's ROE of 7.73% and ROA of 2.13% indicate moderate profitability.
- The company's liquidity position is constrained, with a current ratio of 0.99 and a negative net cash position.
- Analysts project significant revenue growth, with a mean estimate of 1.88 billion SEK for the next fiscal year.
- The company's dilution risk is low, and no significant dilution is expected in the near term.
Bull / Bear case
Generated · model-assistedRevenue surged 443.7% year-over-year to SEK 1.35 billion, demonstrating exceptional top-line growth momentum.
Net income expanded 730.3% year-over-year to SEK 5.45 million, indicating significant profitability acceleration.
Free cash flow jumped 1,001.4% year-over-year to SEK 25.5 million, highlighting strong cash generation capabilities.
Four-year revenue CAGR of -25.8% reveals a long-term structural decline despite recent short-term growth spikes.
Cash conversion ratio of -1.66 sits in the bottom quartile, signaling poor ability to convert earnings to cash.
Debt-to-equity ratio of 0.58 places the company in the bottom quartile, indicating higher leverage than peers.
In focus — financials by report
Revenue kr 455.1M, +277,1% YoY; Operating income +826,6% YoY.
- ▍Revenue kr 455.1M, +277,1% YoY
- ▍Operating income +826,6% YoY
- ▍Net income −450,8% YoY
- ▍Free cash flow +135,3% YoY
- ▍Net margin -0.7%
Revenue kr 356.2M, +230,4% YoY; Operating income +128,8% YoY.
- ▍Revenue kr 356.2M, +230,4% YoY
- ▍Operating income +128,8% YoY
- ▍Net income +48,9% YoY
- ▍Free cash flow +109,7% YoY
- ▍Net margin 1.7%
Revenue kr 417.1M, +273,4% YoY; Operating income +46,4% YoY.
- ▍Revenue kr 417.1M, +273,4% YoY
- ▍Operating income +46,4% YoY
- ▍Net income −73,2% YoY
- ▍Free cash flow +36,0% YoY
- ▍Net margin 0.2%
Revenue kr 118.1M, +72,6% YoY; Operating income −33,1% YoY.
- ▍Revenue kr 118.1M, +72,6% YoY
- ▍Operating income −33,1% YoY
- ▍Net income −59,0% YoY
- ▍Free cash flow −40,0% YoY
- ▍Net margin 1.6%
Revenue kr 120.7M; Operating income kr 1.6M.
- ▍Revenue kr 120.7M
- ▍Operating income kr 1.6M
- ▍Net margin 0.8%
Revenue kr 1.35B, +229,5% YoY; Operating income +108,7% YoY.
- ▍Revenue kr 1.35B, +229,5% YoY
- ▍Operating income +108,7% YoY
- ▍Net income −56,6% YoY
- ▍Free cash flow +50,1% YoY
- ▍Net margin 0.4%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 7,23 |
| Revenue | —no estimate | —no estimate | 1,9B SEK |
| Operating income | —no estimate | —no estimate | 70,0M SEK |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- Calviks AB (publ) Market data — financials · 2026-05-27
- Calviks AB (publ) Market data — analyst estimates · 2026-05-27