B3 Consulting Group AB (SE:B3)
:B3
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B3 Consulting Group AB
(B3)
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Rating:50Neutral
Price Target:
kr22.00
▼(-49.43% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by the profitability reset and increased leverage, alongside weak downtrend technicals (price below all key moving averages and negative MACD). Valuation is also a major headwind due to a very high P/E (~70) without dividend yield support. Positive but inconsistent cash flow and oversold indicators provide only limited offset.
Positive Factors
Business model & service mix
B3's consulting business spans digital transformation, software, data, cloud and cybersecurity, giving it multiple demand channels and cross-sell opportunities. That diversified service mix supports durable revenue streams from both time-and-materials and fixed-scope engagements and helps mitigate concentration risk over the medium term.
Negative Factors
Profitability compression
Margins have collapsed from materially higher prior levels to very thin operating and net margins, reducing the company's ability to self-fund growth, absorb project overruns, or invest in higher-value capabilities. Persistently low margins also increase sensitivity to utilization or pricing shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model & service mix
B3's consulting business spans digital transformation, software, data, cloud and cybersecurity, giving it multiple demand channels and cross-sell opportunities. That diversified service mix supports durable revenue streams from both time-and-materials and fixed-scope engagements and helps mitigate concentration risk over the medium term.
Read all positive factors
B3 Consulting Group AB (B3) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr209.47M
Dividend YieldN/A
Average Volume (3M)12.00K
Price to Earnings (P/E)38.2
Beta (1Y)0.37
Revenue Growth1.60%
EPS Growth-93.89%
CountrySE
Employees988
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.57
Shares Outstanding9,478,479
10 Day Avg. Volume12,401
30 Day Avg. Volume12,003
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)1.81
Price to Sales (P/S)0.32
P/FCF Ratio10.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.57
Revenue Forecast (FY)kr1.19B
B3 Consulting Group AB Business Overview & Revenue Model
Company Description
Operating out of Stockholm, Sweden, B3 Consulting Group AB (publ) specializes in delivering IT and management advisory services throughout Sweden. The company, which was founded in 2003, underwent a name change in May 2018, transitioning from its ...
How the Company Makes Money
B3 primarily makes money by selling professional consulting services (time-and-materials and/or fixed-scope project work) to organizations that need IT and business transformation capabilities. The core revenue stream is consultancy fees billed fo...
B3 Consulting Group AB Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
57
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 1.21B | 1.13B | 1.14B | 1.15B | 921.89M |
| Gross Profit | 103.70M | 301.60M | 286.00M | 180.60M | 358.18M | 146.28M |
| EBITDA | 74.10M | 78.60M | 137.60M | 113.40M | 158.34M | 88.06M |
| Net Income | 5.30M | 10.90M | 83.30M | 60.50M | 103.30M | 45.29M |
Balance Sheet | ||||||
| Total Assets | 871.00M | 835.80M | 885.30M | 632.60M | 622.98M | 559.72M |
| Cash, Cash Equivalents and Short-Term Investments | 62.70M | 63.50M | 77.70M | 48.90M | 83.39M | 54.24M |
| Total Debt | 326.90M | 328.50M | 303.00M | 171.00M | 100.03M | 104.52M |
| Total Liabilities | 608.90M | 576.00M | 623.10M | 452.40M | 395.03M | 365.11M |
| Stockholders Equity | 210.70M | 212.70M | 232.50M | 156.70M | 194.95M | 174.32M |
Cash Flow | ||||||
| Free Cash Flow | 31.30M | 36.90M | -11.70M | 62.90M | 150.93M | 75.50M |
| Operating Cash Flow | 32.50M | 37.90M | -7.20M | 67.80M | 151.71M | 77.66M |
| Investing Cash Flow | -52.70M | -70.30M | -18.50M | -2.10M | -4.47M | -7.36M |
| Financing Cash Flow | -20.30M | 19.20M | 61.70M | -100.20M | -118.09M | -62.45M |
B3 Consulting Group AB Technical Analysis
Negative
43.50
Price Trends
28.97
Negative
33.14
Negative
39.17
Negative
Market Momentum
-1.90
Positive
22.28
Positive
4.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:B3, the sentiment is Negative. The current price of 43.5 is above the 20-day moving average (MA) of 25.00, above the 50-day MA of 28.97, and above the 200-day MA of 39.17, indicating a bearish trend. The MACD of -1.90 indicates Positive momentum. The RSI at 22.28 is Positive, neither overbought nor oversold. The STOCH value of 4.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:B3.
B3 Consulting Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr3.62B | 22.39 | 14.35% | 2.13% | -3.72% | -23.68% | |
77 Outperform | kr1.16B | 16.64 | 23.47% | 6.29% | 12.85% | -12.78% | |
74 Outperform | kr752.14M | 15.77 | ― | 3.83% | -4.22% | -2.12% | |
65 Neutral | kr1.38B | 15.19 | 15.90% | 1.13% | 6.46% | 46.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | kr2.37B | -7.92 | 2.38% | 2.03% | -9.43% | -451.25% | |
50 Neutral | kr209.47M | 38.17 | 1.19% | ― | 1.60% | -93.89% |
* Technology Sector Average
SE:B3
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-39.60
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.