Resurs Holding AB (RESURS) AI Stock Analysis

• Market Cap: kr5.24B
• Dividend Yield: N/A
• Average Volume (3M): 21.64K
• Price to Earnings (P/E): 34.1
• Beta (1Y): 0.26
• Revenue Growth: 3.75%
• EPS Growth: -105.59%
• Country: SE
• Employees: 718
• Sector: Financial
• Sector Strength: 80
• Industry: Financial - Credit Services
• EPS (TTM): -0.67
• Shares Outstanding: 200,000,000
• 10 Day Avg. Volume: 25,746
• 30 Day Avg. Volume: 21,640
• PEG Ratio: -0.26
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.18
• 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: kr29.00
• Price Target Upside: 12.62% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: kr29.00 ▲(12.62%Upside)

The overall stock score is primarily driven by solid financial performance in terms of revenue growth and cash flow management, supported by bullish technical indicators. However, the valuation is drastically lowered due to a negative P/E ratio and lack of dividend yield, indicating significant profitability concerns.

Resurs Holding AB Business Overview & Revenue Model

Company Description

Resurs Holding AB (RESURS) is a Nordic financial institution that specializes in providing lending and payment solutions. The company operates primarily in the consumer credit market, offering products such as personal loans, credit cards, and installment payment solutions. Resurs Holding serves customers across Sweden, Denmark, Norway, and Finland, leveraging its expertise to cater to both private individuals and retail partners.

How the Company Makes Money

Resurs Holding AB generates revenue primarily through interest income and fees associated with its lending and payment solutions. The company earns interest from consumer loans and credit cards, which constitute a significant portion of its income. Additionally, Resurs derives revenue from service fees and commissions related to its payment solutions, which include installment payment plans offered to retail businesses. The company has also established partnerships with retailers to provide financing options at the point of sale, further enhancing its revenue streams. The combination of interest income, service fees, and strategic retail partnerships forms the backbone of Resurs Holding's business model.

Resurs Holding AB Financial Statement Overview

Summary

Resurs Holding AB presents solid revenue growth and cash flow management, but profitability pressures and leverage challenges persist. The company remains moderately stable but needs to focus on improving net income and return on equity for enhanced financial strength.

Income Statement

Resurs Holding AB shows a moderate performance with a stable gross profit margin and a slight increase in total revenue over the TTM compared to the previous period. However, the net profit margin has decreased significantly, indicating pressure on profitability.

Balance Sheet

The balance sheet reflects moderate financial health. The debt-to-equity ratio is stable, but the equity ratio is slightly low, suggesting higher leverage. The return on equity has decreased, indicating challenges in generating returns for shareholders.

Cash Flow

Cash flow performance is strong with a positive free cash flow growth rate and good operating cash flow to net income ratio. This indicates effective cash management despite a decrease in net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.27B	5.22B	2.05B	3.20B	3.07B	3.85B
Gross Profit	3.19B	3.56B	834.45M	2.69B	2.65B	3.34B
EBITDA	600.04M	634.37M	984.93M	1.33B	1.39B	1.49B
Net Income	67.81M	200.38M	257.86M	797.47M	1.52B	953.66M
Balance Sheet
Total Assets	51.01B	54.15B	51.37B	47.80B	42.96B	41.45B
Cash, Cash Equivalents and Short-Term Investments	3.52B	5.22B	3.60B	231.61M	215.59M	208.52M
Total Debt	5.98B	5.35B	6.29B	6.98B	8.55B	7.00B
Total Liabilities	43.41B	46.40B	43.74B	40.23B	35.76B	33.48B
Stockholders Equity	7.60B	7.14B	7.63B	7.57B	7.20B	7.98B
Cash Flow
Free Cash Flow	266.68M	2.64B	1.88B	2.29B	405.52M	1.41B
Operating Cash Flow	352.11M	2.75B	2.13B	2.49B	518.85M	1.48B
Investing Cash Flow	-81.48M	-115.93M	-254.39M	-199.41M	-113.06M	-67.73M
Financing Cash Flow	366.90M	-1.05B	-719.32M	-2.06B	-160.77M	-1.39B

Resurs Holding AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:RESURS, the sentiment is Positive. The current price of 25.75 is below the 20-day moving average (MA) of 25.96, above the 50-day MA of 25.19, and above the 200-day MA of 23.96, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 52.42 is Neutral, neither overbought nor oversold. The STOCH value of 51.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:RESURS.

Resurs Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NORION	72 Outperform	kr10.82B	8.18		―	8.78%	7.15%
HOFI	70 Neutral	kr7.61B	8.34	16.80%	2.30%	33.39%	67.61%
RESURS	68 Neutral	kr5.24B	34.11	-0.06%	―	3.75%	-105.59%
Sector *	65 Neutral	kr115.64B	24.21	6.10%	4.18%	14.34%	-72.17%
TFBANK	65 Neutral	€8.87B	14.15	26.39%	―	23.77%	58.98%
INTRUM	59 Neutral	kr7.24B	―	-23.48%	―	-9.54%	-905.07%
QLIRO	58 Neutral	kr575.23M	―	-7.20%	―	-3.13%	-844.33%

Resurs Holding AB Corporate Events

Resurs Holding Reaffirms Leadership and Strategic Initiatives at AGM

At its Annual General Meeting, Resurs Holding AB re-elected its Board members and appointed Lennart Jacobsen as Chairman. The meeting approved the 2024 Annual Report, discharged the Board and CEO from liability for the financial year, and authorized the Board to manage acquisitions and share issues. These resolutions reflect the company’s strategic focus on maintaining strong governance and financial oversight, potentially impacting its market positioning and stakeholder confidence.

Resurs Holding Announces IT Investment Impairment and New Financial Targets

Resurs Holding has announced an impairment of 326 MSEK on its IT investments due to a new strategic direction and rapid digital development, impacting its first-quarter results. Despite this, the company’s operating profit increased by 34% compared to the previous quarter, and new financial targets have been set, including maintaining capital ratios above regulatory requirements and distributing up to 50% of net profit.