Train Alliance AB (publ)

Train Alliance AB (publ) maintains a relatively strong liquidity position, with a current ratio of 6.22, indicating that it holds significantly more current assets than current liabilities. However, the company's liquidity risk is assessed as medium, primarily due to a negative net cash position after subtracting total debt. The company's debt-to-equity ratio of 0.26 suggests a conservative capital structure, with equity financing playing a dominant role in its capital base.

In terms of profitability, the company's return on equity (ROE) of 0.0036 and return on assets (ROA) of 0.0027 are below the typical thresholds for strong performance in the real estate industry. These metrics indicate that the company is generating minimal returns relative to its equity and asset base. The operating margin, calculated as operating income of 6,059,000 SEK on revenue of 53,593,000 SEK, is 11.3%, which is in line with the industry median for real estate operations.

The company's revenue is not segmented by geographic region or business line in the available data, but the financial snapshot suggests that the company's operations are likely concentrated in a single geographic market. This lack of diversification could expose the company to regional economic downturns or regulatory changes.

Looking ahead, the company's revenue is expected to grow from 53,593,000 SEK in the current fiscal year to 400,000,000 SEK in the next fiscal year, according to analyst estimates. This represents a significant increase of 648% in revenue, which, if realized, would indicate a strong growth trajectory. However, the company's capital expenditure is currently zero, suggesting that it is not investing in new projects or infrastructure at this time.

The company's risk profile is characterized by a low dilution potential, with no near-term pressure for share issuance. The risk assessment indicates that the company is not currently facing significant dilution risks, and the dilution near-term probability is low. The company's liquidity risk is moderate, and its credit risk is not explicitly quantified in the available data.

Recent events, including analyst estimates and financial disclosures, suggest that the company is performing in line with or slightly above expectations. The last actual EPS of 1.24 SEK exceeded the mean estimate of 0.82 SEK, indicating strong earnings performance. The company's EBIT is also expected to increase from 6,059,000 SEK to 92,000,000 SEK, reflecting a significant improvement in operating performance.

Cash conversion of 1.35 significantly outperforms the 0.29 cohort median, demonstrating strong ability to turn earnings into cash.

Debt-to-equity ratio of 0.26 is well below the 0.52 cohort median, suggesting a conservative capital structure with lower leverage risk.

Revenue grew at a 7.4% CAGR over four years, showing consistent top-line expansion despite recent volatility in specific periods.

Net income CAGR of 17.5% over four years indicates strong historical earnings growth potential for long-term investors.

High credit risk flag signals significant potential for loan losses or counterparty defaults, threatening financial stability and future earnings.

Revenue kr 294.8M, +13,5% YoY; Operating income +218,8% YoY.

• ▍Revenue kr 294.8M, +13,5% YoY
• ▍Operating income +218,8% YoY
• ▍Net income +248,1% YoY
• ▍Free cash flow +152,6% YoY
• ▍Net margin 33.2%

Revenue kr 259.7M, +56,2% YoY; Operating income −5,7% YoY.

• ▍Revenue kr 259.7M, +56,2% YoY
• ▍Operating income −5,7% YoY
• ▍Net income −23,9% YoY
• ▍Free cash flow +69,6% YoY
• ▍Net margin 10.8%

Revenue kr 141.3M, +13,0% YoY; Operating income +374,2% YoY.

• ▍Revenue kr 141.3M, +13,0% YoY
• ▍Operating income +374,2% YoY
• ▍Net income +502,1% YoY
• ▍Free cash flow +123,4% YoY
• ▍Net margin 82.6%

Revenue kr 125.0M; Operating income kr 25.5M.

• ▍Revenue kr 125.0M
• ▍Operating income kr 25.5M
• ▍Net margin 15.5%