B3 Consulting Group AB (publ)

B3 Consulting Group AB (publ) has a market capitalization of 255.13 million SEK and a price-to-earnings ratio of 49.06, indicating a relatively high valuation compared to its earnings. The company's price-to-book ratio is 2.0, and its enterprise value to EBITDA is 67.43, suggesting a premium valuation relative to its book value and operating performance. The company's liquidity position is characterized by a current ratio of 1.18, indicating a moderate ability to meet short-term obligations.

In terms of profitability, B3 Consulting Group AB (publ) has a return on equity of 4.08% and a return on assets of 0.7%, which are below the typical thresholds for strong performance in the IT Services & Consulting industry. The company's operating income of 8.6 million SEK and net income of 5.2 million SEK reflect a relatively modest profit margin, which is consistent with the industry's competitive pricing environment.

The company's revenue is concentrated in a single business segment, IT Services, with no disclosed geographic diversification. This concentration increases the risk associated with market fluctuations in the IT services sector. The company's capital structure is characterized by a debt-to-equity ratio of 2.55, indicating a significant reliance on debt financing.

Looking ahead, the company is projected to experience a growth in revenue, with a positive outlook for the current fiscal year. However, the exact growth rate is not specified in the available data. The company's free cash flow of 10.8 million SEK and operating cash flow of 5.4 million SEK suggest a moderate ability to fund operations and reinvest in the business.

The risk assessment for B3 Consulting Group AB (publ) indicates a medium liquidity risk and a low dilution risk. The company's net cash position is negative after accounting for total debt, which could impact its financial flexibility. Analysts have provided a single "Hold" recommendation, with no strong buy or sell ratings, indicating a neutral sentiment towards the stock.

Recent events and filings do not provide specific details on new product launches or strategic initiatives. The company's financial performance and market position are primarily influenced by its ability to maintain and grow its IT services business in a competitive market.

Revenue grew 7.1% year-over-year to SEK 1.21 billion, demonstrating consistent top-line expansion despite margin pressures.

Free cash flow improved significantly to SEK 77.1 million in FY2025, up from SEK 17.3 million in FY2024.

Cash conversion ratio of 1.04 exceeds the IT Services cohort median of 1.0, indicating efficient earnings quality.

Operating income surged 83.7% year-over-year to SEK 48.3 million, showing strong operational leverage in FY2026.

Debt-to-equity ratio of 2.55 is in the bottom quartile of the cohort, indicating excessive financial leverage.

The company carries a high credit risk flag, reflecting significant concerns regarding its ability to meet debt obligations.

Long-term debt increased to SEK 328.5 million in FY2026, rising from SEK 104.5 million in FY2022.

Revenue kr 304.9M, −5,8% YoY; Operating income −38,4% YoY.

• ▍Revenue kr 304.9M, −5,8% YoY
• ▍Operating income −38,4% YoY
• ▍Net income −83,3% YoY
• ▍Free cash flow −35,3% YoY
• ▍Net margin 0.4%

Revenue kr 314.9M, −6,3% YoY; Operating income +95,5% YoY.

• ▍Revenue kr 314.9M, −6,3% YoY
• ▍Operating income +95,5% YoY
• ▍Net income +533,3% YoY
• ▍Free cash flow +174,2% YoY
• ▍Net margin 2.1%

Revenue kr 254.9M, +3,9% YoY; Operating income +390,0% YoY.

• ▍Revenue kr 254.9M, +3,9% YoY
• ▍Operating income +390,0% YoY
• ▍Net income −103,6% YoY
• ▍Free cash flow −93,9% YoY
• ▍Net margin -1.1%

Revenue kr 315.6M, +18,5% YoY; Operating income +19,8% YoY.

• ▍Revenue kr 315.6M, +18,5% YoY
• ▍Operating income +19,8% YoY
• ▍Net income −94,2% YoY
• ▍Free cash flow −1,9% YoY
• ▍Net margin 0.1%

Revenue kr 323.6M; Operating income kr 15.9M.

• ▍Revenue kr 323.6M
• ▍Operating income kr 15.9M
• ▍Net margin 2.0%

Revenue kr 336.2M; Operating income kr 8.8M.

• ▍Revenue kr 336.2M
• ▍Operating income kr 8.8M
• ▍Net margin -0.4%

Revenue kr 245.4M; Operating income kr 1.0M.

• ▍Revenue kr 245.4M
• ▍Operating income kr 1.0M
• ▍Net margin 30.3%

Revenue kr 266.4M; Operating income kr 8.6M.

• ▍Revenue kr 266.4M
• ▍Operating income kr 8.6M
• ▍Net margin 2.0%

Revenue kr 1.21B, +7,1% YoY; Operating income +83,7% YoY.

• ▍Revenue kr 1.21B, +7,1% YoY
• ▍Operating income +83,7% YoY
• ▍Net income −87,0% YoY
• ▍Free cash flow −37,9% YoY
• ▍Net margin 0.9%

Revenue kr 1.13B, −1,0% YoY; Operating income −69,5% YoY.

• ▍Revenue kr 1.13B, −1,0% YoY
• ▍Operating income −69,5% YoY
• ▍Net income +37,7% YoY
• ▍Free cash flow +345,7% YoY
• ▍Net margin 7.4%

Revenue kr 1.14B, −0,6% YoY; Operating income −37,5% YoY.

• ▍Revenue kr 1.14B, −0,6% YoY
• ▍Operating income −37,5% YoY
• ▍Net income −41,5% YoY
• ▍Free cash flow −83,5% YoY
• ▍Net margin 5.3%

Revenue kr 1.15B, +24,5% YoY; Operating income +95,1% YoY.

• ▍Revenue kr 1.15B, +24,5% YoY
• ▍Operating income +95,1% YoY
• ▍Net income +128,2% YoY
• ▍Free cash flow +68,8% YoY
• ▍Net margin 9.0%