New Wave Group AB Class B (SE:NEWA.B)
:NEWA.B
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New Wave Group AB Class B
(NEWA.B)
Select Model
Select Model
Rating:52Neutral
Price Target:
kr93.00
▼(-17.26% Downside)
Action:ReiteratedDate:02/07/26
The score is held back primarily by 2025 financial deterioration—especially the sharp drop in cash generation—and a clear technical downtrend. Valuation is a partial offset, supported by a moderate P/E and a solid dividend yield.
Positive Factors
Diversified business model
New Wave Group sells across three distinct product categories and uses both B2B distributors and retail channels. This multi-brand, multi-channel model reduces customer concentration and seasonal swings, supporting steadier revenue and demand resilience over the next several months.
Negative Factors
Sharp deterioration in cash generation
A sudden collapse in operating and free cash flow materially weakens the company's ability to fund working capital, capital expenditure and dividends from internal sources. Over the coming months this constrains flexibility, increases reliance on external financing, and raises refinancing and liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
New Wave Group sells across three distinct product categories and uses both B2B distributors and retail channels. This multi-brand, multi-channel model reduces customer concentration and seasonal swings, supporting steadier revenue and demand resilience over the next several months.
Read all positive factors
New Wave Group AB Class B (NEWA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr12.15B
Dividend Yield3.12%
Average Volume (3M)113.78K
Price to Earnings (P/E)19.4
Beta (1Y)0.88
Revenue Growth2.80%
EPS Growth-8.84%
CountrySE
Employees2,450
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)2.31
Shares Outstanding93,271,730
10 Day Avg. Volume104,815
30 Day Avg. Volume113,784
Financial Highlights & Ratios
PEG Ratio-1.76
Price to Book (P/B)2.23
Price to Sales (P/S)1.52
P/FCF Ratio389.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr122.00Price Target Upside8.54% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)7.59
Revenue Forecast (FY)kr11.04B
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 internationall...
How the Company Makes Money
New Wave Group primarily makes money by selling branded and private-label products across three main areas: (1) Corporate/Promotional ("profile")—selling apparel and merchandise used for corporate branding, events, uniforms, and giveaways, typical...
New Wave Group AB Class B Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.02B | 9.53B | 9.51B | 8.84B | 6.72B |
| Gross Profit | 1.17B | 4.71B | 4.78B | 4.38B | 3.23B |
| EBITDA | 1.49B | 1.59B | 1.86B | 1.76B | 1.24B |
| Net Income | 783.00M | 880.40M | 1.12B | 1.17B | 760.30M |
Balance Sheet | |||||
| Total Assets | 12.88B | 11.33B | 10.74B | 10.94B | 7.66B |
| Cash, Cash Equivalents and Short-Term Investments | 526.00M | 545.80M | 372.60M | 419.40M | 327.90M |
| Total Debt | 3.61B | 2.36B | 2.40B | 2.75B | 1.40B |
| Total Liabilities | 6.06B | 4.11B | 4.28B | 5.05B | 3.09B |
| Stockholders Equity | 6.82B | 7.22B | 6.46B | 5.89B | 4.57B |
Cash Flow | |||||
| Free Cash Flow | 39.00M | 968.60M | 728.90M | -494.20M | 1.08B |
| Operating Cash Flow | 653.00M | 1.28B | 963.80M | -360.00M | 1.21B |
| Investing Cash Flow | -938.00M | -296.80M | -220.90M | -522.20M | -114.20M |
| Financing Cash Flow | 316.00M | -830.10M | -785.40M | 934.10M | -1.11B |
New Wave Group AB Class B Technical Analysis
Negative
112.40
Price Trends
101.57
Negative
106.73
Negative
110.41
Negative
Market Momentum
-2.79
Negative
40.21
Neutral
73.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NEWA.B, the sentiment is Negative. The current price of 112.4 is above the 20-day moving average (MA) of 95.07, above the 50-day MA of 101.57, and above the 200-day MA of 110.41, indicating a bearish trend. The MACD of -2.79 indicates Negative momentum. The RSI at 40.21 is Neutral, neither overbought nor oversold. The STOCH value of 73.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NEWA.B.
New Wave Group AB Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr22.49B | 9.43 | 42.23% | 1.88% | 9.30% | 38.37% | |
67 Neutral | kr1.04B | 14.48 | ― | 4.49% | 9.46% | 59.55% | |
64 Neutral | kr1.56B | 19.34 | 51.02% | ― | 12.45% | 118.98% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | kr5.88B | 123.28 | 2.04% | 6.24% | -2.98% | -30.48% | |
53 Neutral | kr3.99B | 36.21 | ― | ― | 5.27% | 15.33% | |
52 Neutral | kr12.15B | 19.42 | 12.33% | 3.12% | 2.80% | -8.84% |
* Consumer Cyclical Sector Average
SE:NEWA.B
New Wave Group AB Class B
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-6.12%
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New Wave Group AB Class B Corporate Events
New Wave Group Names Sara Jacobson as New CIO to Drive IT Transformation
Mar 16, 2026
New Wave Group AB has strengthened its leadership team by appointing Sara Jacobson as its new IT Director and Chief Information Officer, effective May 4, 2026. Jacobson brings extensive experience in digital and IT transformation from senior roles...
New Wave Group Tops SEK 10 Billion in Sales but Sees Profit Ease in 2025
Feb 5, 2026
New Wave Group AB reported that its annual revenue surpassed SEK 10 billion for the first time in 2025, with full-year net sales rising 5.1% to SEK 10.0 billion and fourth-quarter sales climbing 11.2% to SEK 3.1 billion, though profitability softe...
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.