New Wave Group AB Class B (NEWA.B) AI Stock Analysis

• Market Cap: kr15.68B
• Dividend Yield: 3.12%
• Average Volume (3M): 113.78K
• Price to Earnings (P/E): 19.1
• Beta (1Y): 0.94
• Revenue Growth: 2.80%
• EPS Growth: -8.84%
• Country: SE
• Employees: 2,450
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 1.25
• Shares Outstanding: 93,271,730
• 10 Day Avg. Volume: 104,815
• 30 Day Avg. Volume: 113,784
• PEG Ratio: 0.51
• Price to Book (P/B): 3.57
• Price to Sales (P/S): 2.71
• P/FCF Ratio: 26.62
• 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: kr122.00
• Price Target Upside: 8.54% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: kr123.00 ▲(9.43% Upside)

New Wave Group AB's overall score reflects strong financial performance and a fair valuation. The neutral technical indicators suggest a stable but unexciting market position. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong Brand Portfolio

A strong brand portfolio enhances market presence and customer loyalty, providing a competitive edge and supporting long-term revenue stability.

Diversified Revenue Model

A diversified revenue model reduces dependency on a single income stream, enhancing resilience against market fluctuations and supporting sustained growth.

Solid Financial Health

Strong financial health and a robust equity base provide a solid foundation for future investments and strategic initiatives, ensuring long-term stability.

Negative Factors

Decline in Revenue Growth

A decline in revenue growth may signal challenges in market expansion or product demand, potentially impacting future profitability and market position.

Free Cash Flow Concerns

Reduced free cash flow growth can limit the company's ability to invest in new opportunities or manage debt, affecting long-term financial flexibility.

Earnings Decline

A decline in earnings per share reflects potential operational inefficiencies or market challenges, which could affect investor confidence and future growth prospects.

New Wave Group AB Class B Business Overview & Revenue Model

Company Description

New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally. The company operates through segments: Corporate, Sports & Leisure, and Gifts & Home Furnishings. The Corporate segment offers promo wear products, such as clothes for printing and embroidery, as well as leisure, work, and sports clothes; promotional gifts, including pens, power banks, gift cards, bags, bed linens, and towels; and a range of work wear products comprising underwear, outer garments, reflective clothing, flame protective, and accessories for professional categories, which consist of construction and installation workers, painters and plasterers, transport and service, and hotel and restaurant workers. This segment offers its products under the D.A.D Sportswear, Hurricane, No Problems, BAGSFIRST, James Harvest Sportswear, Jingham, Mac One, Printer, Cottover, Clique, d-vice, Queen Anne, Toppoint, Grizzly, J. Harvest & Frost, Jobman, Graphix, Derby of Sweden, and ProJob brands. The Sports & Leisure segment provides clothes and shoes for sports, golf, hunting, fishing, shoe, and fashion trade under the Cutter & Buck, ANNIKA, Craft, Clique, AHEAD, Kate Lord, Paris Glove, Auclair, Laurentide, Seger, Termo Original, PAX, Marstrand, Sköna Marie, and Speedo brands. The Gifts & Home Furnishings segment offers gifts and home furnishing products under the Orrefors, Kosta Förlag, Lord Nelson Victory, Lord Nelson, Orrefors Hunting, Orrefors Jernverk, Nightingale, Queen Anne, Kosta Linnewäfveri, Kosta Boda, Kosta Boda Art Hotel, Kosta Lodge, ByOn, Victorian, VAKINME, and Sagaform brands. New Wave Group AB (publ) was incorporated in 1989 and is headquartered in Gothenburg, Sweden.

How the Company Makes Money

New Wave Group generates revenue primarily through the sale of promotional products and apparel. Its revenue model is based on both direct sales and distribution agreements with various retailers and wholesalers. The company benefits from a diversified product range that appeals to different market segments, allowing it to target corporate clients for promotional items as well as individual consumers for branded apparel. Significant partnerships with leading brands and organizations enhance its market presence and revenues. Additionally, New Wave Group leverages its design and manufacturing capabilities to offer customized solutions, which can command higher margins, further contributing to its earnings.

New Wave Group AB Class B Financial Statement Overview

Summary

New Wave Group AB shows strong revenue growth and profitability with stable margins and effective use of equity. However, the decline in free cash flow growth and moderate reliance on debt are potential concerns.

Income Statement

New Wave Group AB has demonstrated strong revenue growth over the years, with a notable increase in the TTM period. The company maintains healthy gross and net profit margins, although there has been a slight decline in these margins in the TTM compared to previous years. The EBIT and EBITDA margins remain robust, indicating efficient operational management.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, suggesting a balanced approach to leverage. The return on equity is solid, reflecting effective use of shareholder funds. However, the equity ratio indicates a moderate reliance on debt financing, which could pose risks if not managed carefully.

Cash Flow

The cash flow statement reveals a significant decline in free cash flow growth in the TTM period, which could be a concern. The operating cash flow to net income ratio is moderate, indicating that the company's cash generation from operations is not as strong as its net income suggests. The free cash flow to net income ratio is healthy, but the recent negative growth trend warrants attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.18B	9.53B	9.51B	8.84B	6.72B	6.10B
Gross Profit	8.46B	4.71B	4.78B	4.38B	3.23B	2.64B
EBITDA	3.68B	1.59B	1.86B	1.76B	1.24B	791.50M
Net Income	1.98B	880.40M	1.12B	1.17B	760.30M	365.50M
Balance Sheet
Total Assets	12.79B	11.33B	10.74B	10.94B	7.66B	7.22B
Cash, Cash Equivalents and Short-Term Investments	571.00M	545.80M	372.60M	419.40M	327.90M	325.10M
Total Debt	3.51B	2.36B	2.40B	2.75B	1.40B	2.14B
Total Liabilities	6.14B	4.11B	4.28B	5.05B	3.09B	3.36B
Stockholders Equity	6.65B	7.22B	6.46B	5.89B	4.57B	3.85B
Cash Flow
Free Cash Flow	-300.60M	968.60M	728.90M	-494.20M	1.08B	1.15B
Operating Cash Flow	833.40M	1.28B	963.80M	-360.00M	1.21B	1.21B
Investing Cash Flow	-2.36B	-296.80M	-220.90M	-522.20M	-114.20M	-57.50M
Financing Cash Flow	2.04B	-830.10M	-785.40M	934.10M	-1.11B	-1.16B

New Wave Group AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 112.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NEWA.B, the sentiment is Positive. The current price of 112.4 is below the 20-day moving average (MA) of 114.15, above the 50-day MA of 111.94, and above the 200-day MA of 111.62, indicating a bullish trend. The MACD of 1.50 indicates Negative momentum. The RSI at 58.47 is Neutral, neither overbought nor oversold. The STOCH value of 59.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NEWA.B.

New Wave Group AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NELLY	72 Outperform	kr3.49B	22.83	51.02%	―	12.45%	118.98%
BOKUS	70 Outperform	kr1.16B	17.98	―	4.49%	9.46%	59.55%
NEWA.B	66 Neutral	kr15.68B	19.07	12.33%	3.12%	2.80%	-8.84%
CLAS.B	63 Neutral	kr18.66B	18.29	46.00%	1.88%	9.30%	38.37%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOI.B	57 Neutral	kr6.72B	79.85	2.04%	6.24%	-2.98%	-30.48%
BHG	54 Neutral	kr5.78B	-17.31	―	―	5.27%	15.33%

New Wave Group AB Class B Corporate Events

New Wave Group AB Reports Q3 Growth Amid Market Challenges

New Wave Group AB reported an 8.3% growth in the third quarter of 2025, with a mix of organic growth and acquisitions, despite a weak market. The acquisition of Cotton Classics Handels GmbH and the repayment of previously forgiven PPP loans impacted the financials, with a notable charge of USD 7 million affecting operating profit. Currency fluctuations also posed challenges, but the company remains optimistic about customer sentiment.

The most recent analyst rating on ($SE:NEWA.B) stock is a Hold with a SEK120.00 price target. To see the full list of analyst forecasts on New Wave Group AB Class B stock, see the SE:NEWA.B Stock Forecast page.

New Wave Group AB Announces Capital Markets Day and Interim Report Presentation

New Wave Group AB has announced its upcoming Capital Markets Day on November 6, 2025, where it will present its interim report for January–September 2025. The event will feature discussions on the company’s market position, investments, and acquisitions, providing stakeholders with insights into its strategic direction.

The most recent analyst rating on ($SE:NEWA.B) stock is a Hold with a SEK117.00 price target. To see the full list of analyst forecasts on New Wave Group AB Class B stock, see the SE:NEWA.B Stock Forecast page.

New Wave Group Faces USD 7 Million Charge Over PPP Loan Repayment

New Wave Group AB, a company involved in various segments such as Sports & Leisure and Gifts & Home Furnishing, has announced a significant financial adjustment in its third-quarter results for 2025. The company is set to charge USD 7 million to its third-quarter results following a review by the U.S. Department of Justice concerning the repayment of forgiven PPP loans initially received during the COVID-19 pandemic. This adjustment, which includes principal, fees, interest, and associated costs, will impact the company’s operating results and reduce the net result by the same amount.

The most recent analyst rating on ($SE:NEWA.B) stock is a Hold with a SEK117.00 price target. To see the full list of analyst forecasts on New Wave Group AB Class B stock, see the SE:NEWA.B Stock Forecast page.