Case Group AB (CASE) AI Stock Analysis

• Market Cap: kr682.31M
• Dividend Yield: N/A
• Average Volume (3M): 3.61K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 0.45
• Revenue Growth: 34.18%
• EPS Growth: 242.91%
• Country: SE
• Employees: 18
• Sector: Services
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): 0.36
• Shares Outstanding: 32,184,350
• 10 Day Avg. Volume: 4,624
• 30 Day Avg. Volume: 3,607
• PEG Ratio: 0.01
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 3.24
• P/FCF Ratio: 20.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 10.86
• Revenue Forecast (FY): kr973.28M

• Rating: 61 Neutral
• Price Target: kr22.50 ▼(-3.02% Downside)

Case Group AB's overall stock score is driven by its strong financial performance, which is the most significant factor. However, bearish technical indicators and moderate valuation metrics weigh down the score. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Low Leverage / Strong Capital Structure

A very low debt-to-equity ratio and high equity ratio indicate a conservative capital structure, reducing financial risk and interest burden. This durability supports resilience in downturns, preserves strategic optionality for investments or acquisitions, and aids long-term credit flexibility.

High and Sustainable Profitability

Robust gross and operating margins reflect durable cost advantages or pricing power and efficient operations. Consistently healthy margins provide a structural cushion against revenue volatility, enabling reinvestment, steady cash generation, and the ability to maintain profitability through industry cycles.

Improving Free Cash Flow Conversion

Substantial FCF growth and a one-to-one conversion of net income into free cash flow signal strengthening cash generation. Durable FCF supports capital allocation priorities—debt repayment, capex, or shareholder returns—and reduces dependency on external financing over the medium term.

Negative Factors

Revenue Growth Volatility

Historical swings in revenue growth imply inconsistent top-line momentum, raising forecasting risk and potentially pressuring margins if growth weakens. For investors and management, sustained revenue consistency is critical to support long-term investment plans and stable returns.

Cash Flow Stability Risk

Although recent FCF improved, past volatility in cash flows suggests earnings may not reliably translate into liquidity every period. Persistent cash flow variability can constrain capital spending, hinder predictable shareholder distributions, and increase reliance on external funding when needed.

Limited Scale and Concentration Risk

A very small employee base implies limited operational scale and potential concentration of key skills or client relationships. This raises execution and succession risk, may limit capacity to scale quickly, and increases vulnerability to attrition or the loss of critical personnel over time.

Case Group AB Business Overview & Revenue Model

Company Description

Case Group AB provides wealth management services for private clients in Sweden. It manages a range of investment products, such as equity, fixed income, money markets, and alternative strategies. The company was founded in 2004 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Case Group AB generates revenue primarily through its diverse portfolio of services and products tailored for the construction and infrastructure industries. Key revenue streams include project-based contracts, where the company earns fees for managing and executing construction projects, as well as consulting services that provide strategic guidance to clients. Additionally, CASE capitalizes on the sale of proprietary technology and software solutions designed to optimize construction processes. Strategic partnerships with industry leaders enhance CASE's market reach and contribute to its earnings by enabling collaborative projects and shared resources.

Case Group AB Financial Statement Overview

Summary

Case Group AB exhibits strong financial health with robust revenue growth, profitability, and a solid balance sheet. The company effectively manages costs and maintains low leverage, contributing to financial stability. However, historical fluctuations in revenue growth and cash flow stability could pose potential risks.

Income Statement

Case Group AB has demonstrated strong revenue growth with a TTM (Trailing-Twelve-Months) revenue growth rate of 5.71%, indicating a positive trajectory. The company maintains healthy profitability metrics, with a gross profit margin of 50.15% and a net profit margin of 17.95% in the TTM period. EBIT and EBITDA margins are also robust at 22.78% and 22.79%, respectively. These figures reflect efficient cost management and operational effectiveness. However, the company experienced fluctuations in revenue growth in previous years, which could pose a risk if not stabilized.

Balance Sheet

The balance sheet of Case Group AB shows a strong equity position with a low debt-to-equity ratio of 0.08 in the TTM period, indicating low leverage and financial stability. The return on equity (ROE) is 11.85%, reflecting effective use of equity to generate profits. The equity ratio stands at 83.03%, showcasing a solid capital structure. However, the company has experienced fluctuations in ROE over the years, which could indicate potential volatility in profitability.

Cash Flow

Case Group AB's cash flow statement reveals a significant improvement in free cash flow growth at 47.37% in the TTM period, indicating enhanced cash generation capabilities. The operating cash flow to net income ratio is 0.30, suggesting that operating cash flows adequately cover net income. The free cash flow to net income ratio is 1.0, indicating efficient conversion of net income into free cash flow. However, historical fluctuations in cash flow metrics highlight potential risks in cash flow stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	205.49M	167.06M	129.15M	56.65M	113.93M	76.00M
Gross Profit	105.21M	77.76M	43.96M	26.40M	65.59M	41.76M
EBITDA	47.35M	22.05M	3.42M	-2.77M	40.87M	18.02M
Net Income	37.45M	17.13M	443.00K	-2.99M	33.63M	14.68M
Balance Sheet
Total Assets	384.82M	356.34M	332.87M	128.62M	86.35M	52.09M
Cash, Cash Equivalents and Short-Term Investments	69.68M	48.85M	32.18M	40.46M	76.91M	41.87M
Total Debt	22.50M	30.00M	40.00M	50.00M	0.00	0.00
Total Liabilities	65.31M	67.39M	61.05M	65.35M	19.99M	13.17M
Stockholders Equity	319.51M	288.95M	271.81M	63.27M	66.36M	38.93M
Cash Flow
Free Cash Flow	20.50M	26.68M	-21.39M	-85.21M	41.35M	10.44M
Operating Cash Flow	20.55M	26.68M	82.18M	-85.21M	41.35M	10.44M
Investing Cash Flow	279.00K	220.00K	-86.76M	-18.82M	-125.00K	-337.00K
Financing Cash Flow	-10.00M	-10.00M	13.22M	49.90M	-6.19M	-5.00M

Case Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CASE, the sentiment is Negative. The current price of 23.2 is above the 20-day moving average (MA) of 22.41, below the 50-day MA of 24.06, and above the 200-day MA of 22.83, indicating a bearish trend. The MACD of -0.75 indicates Negative momentum. The RSI at 45.17 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CASE.

Case Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASE	61 Neutral	kr682.31M	18.91	―	―	34.18%	242.91%
VEFAB	60 Neutral	kr2.18B	-2.20	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
NAXS	51 Neutral	kr401.45M	-16.40	―	8.78%	―	―
ATIN	51 Neutral	kr231.57M	-4.67	―	―	―	―
SEAF	50 Neutral	kr389.90M	-3.64	―	―	-1.52%	-43.08%