Troax Group AB (publ) - TROAX.ST

TROAX.ST Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
TROAX.ST	0.9	8.8	1.5	6.1	-0.8	0.6	-30.5	85.1	791.4	791.4
S&P 500	-0.5	1.2	2.9	5.4	10.9	23.1	32.9	85.9	198.9	34104.6

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	TROAX.ST
name	Troax Group AB (publ)
price	234
changes percentage	0.8621
change	2
day low	230
day high	234
year high	262.5
year low	203
market cap	14003807688
price avg 50	222.27
price avg 200	226.225
exchange	STO
volume	21930
avg volume	19109
open	232
previous close	232
eps	6.19
pe	37.8
earnings announcement	2025-02-07T11:30:00.000+0000
shares outstanding	59845332
timestamp	2025-01-31 16:29:53

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 41.3%

Overall Quarterly Financial Health: 68.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	264272000	284081000	-6.97
gross profit	100100000	95827000	4.46
gross profit ratio	0.38	0.34	12.29
research and development expenses	0	0	NaN
operating expenses	50230000	46793000	7.35
interest income	2310000	1275000	81.18
interest expense	0	1354000	-100.00
ebitda	57653000	61192000	-5.78
ebitdaratio	0.22	0.22	-0.32
operating income	49870000	49556000	0.63
operating income ratio	0.19	0.17	8.18
net income	35714000	36794000	-2.94
net income ratio	0.14	0.13	4.34
eps	0.6	0.61	-1.64

Overall Score of Annual Income Statement

0.29 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 264 million in 2023 from 284 million in 2022 representing a change of -6.97%. This indicates a sales shrinking, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 50 million in 2023 from 47 million in 2022 representing a change of 7.35%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 58 million in 2023 from 61 million in 2022 representing a change of -5.78%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Net Income: Net income decreased to 36 million in 2023 from 37 million in 2022 representing a change of -2.94%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.6 in 2023 from 0.6 in 2022 representing a change of -1.64%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 100 million in 2023 from 96 million in 2022 representing a change of 4.46%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Income: Operating income increased to 50 million in 2023 from 50 million in 2022 representing a change of 0.63%. The increase in operating income indicates better operational performance and increased profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	69000000	71900000	-4.03
gross profit	27100000	27200000	-0.37
gross profit ratio	0.39	0.38	3.82
research and development expenses	0	0	NaN
operating expenses	14200000	15800000	-10.13
interest income	0	0	NaN
interest expense	0	0	NaN
ebitda	13600000	15000000	-9.33
ebitdaratio	0.2	0.17	17.12
operating income	12900000	11400000	13.16
operating income ratio	0.19	0.16	17.91
net income	8900000	7500000	18.67
net income ratio	0.13	0.1	23.65
eps	0.15	1.44	-89.58

Overall Score of Quarterly Income Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 69 million in 2024Q3 from 72 million in 2024Q2 representing a change of -4.03%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 27 million in 2024Q3 from 27 million in 2024Q2 representing a change of -0.37%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 14 million in 2024Q3 from 15 million in 2024Q2 representing a change of -9.33%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Earnings per Share (EPS): EPS increased to 0.15 in 2024Q3 from 0.15 in 2024Q2 representing a change of -89.58%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 14 million in 2024Q3 from 16 million in 2024Q2 representing a change of -10.13%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Operating Income: Operating income increased to 13 million in 2024Q3 from 11 million in 2024Q2 representing a change of 13.16%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 9 million in 2024Q3 from 8 million in 2024Q2 representing a change of 18.67%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	327365000	291077000	12.47
total liabilities	155080000	136202000	13.86
total equity	172285000	154875000	11.24
cash and cash equivalents	33165000	37531000	-11.63
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	119867000	125298000	-4.33
total non current assets	207498000	165779000	25.17
total current liabilities	51166000	47425000	7.89
total non current liabilities	103914000	88777000	17.05
common stock	2574000	2574000	0.00
retained earnings	152458000	135023000	12.91
total debt	86615000	71568000	21.02

Overall Score of Annual Balance Sheet

0.38 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 327 million in 2023 from 291 million in 2022 representing a change of 12.47%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 172 million in 2023 from 155 million in 2022 representing a change of 11.24%. This indicates an increase in shareholders' equity.

  Retained Earnings: Retained Earnings increased to 152 million in 2023 from 135 million in 2022 representing a change of 12.91%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 155 million in 2023 from 136 million in 2022 representing a change of 13.86%. This indicates an increase in overall liabilities.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 33 million in 2023 from 38 million in 2022 representing a change of -11.63%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 120 million in 2023 from 125 million in 2022 representing a change of -4.33%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 51 million in 2023 from 47 million in 2022 representing a change of 7.89%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 87 million in 2023 from 72 million in 2022 representing a change of 21.02%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	319000000	311700000	2.34
total liabilities	146800000	148600000	-1.21
total equity	172200000	163100000	5.58
cash and cash equivalents	23800000	16000000	48.75
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	112700000	110400000	2.08
total non current assets	206300000	201300000	2.48
total current liabilities	47500000	52200000	-9.00
total non current liabilities	99300000	96400000	3.01
common stock	0	163100000	-100.00
retained earnings	0	0	NaN
total debt	0	71100000	-100.00

Overall Score of Quarterly Balance Sheet

0.88 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 319 million in 2024Q3 from 312 million in 2024Q2 representing a change of 2.34%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 147 million in 2024Q3 from 149 million in 2024Q2 representing a change of -1.21%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 172 million in 2024Q3 from 163 million in 2024Q2 representing a change of 5.58%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 24 million in 2024Q3 from 16 million in 2024Q2 representing a change of 48.75%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 113 million in 2024Q3 from 110 million in 2024Q2 representing a change of 2.08%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 48 million in 2024Q3 from 52 million in 2024Q2 representing a change of -9.0%. This indicates a lower short-term debt burden.

  Total Debt: Total Debt decreased to 0 million in 2024Q3 from 71 million in 2024Q2 representing a change of -100.0%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Common Stock: Common Stock decreased to 0 in 2024Q3 from 163 in 2024Q2 representing a change of -100.0%. This indicates a decrease in ownership interest.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-4366000	2338000	-286.74
operating cash flow	54971000	48760000	12.74
free cash flow	42616000	40177000	6.07
capital expenditure	-12355000	-8583000	-43.95
depreciation and amortization	12399000	11637000	6.55
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	-2668000	100.00
inventory	4456000	3174000	40.39
acquisitions net	-32213000	-4534000	-610.48
investments in property plant and equipment	-12355000	-8583000	-43.95
net cash used for investing activites	-45069000	-13174000	-242.11
debt repayment	4764000	-14632000	132.56
common stock issued	0	167000	-100.00
common stock repurchased	0	0	NaN
dividends paid	-19171000	-17960000	-6.74
net cash used provided by financing activities	-14284000	-32425000	55.95
cash at end of period	33165000	37531000	-11.63
accounts receivables	3202000	2668000	20.01
cash at beginning of period	37531000	35193000	6.64

Overall Score of Annual Cashflow Statement

0.57 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -4 million in 2023 from 2 million in 2022 representing a change of -286.74%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Accounts Receivables: Accounts Receivables increased to 3 in 2023 from 3 million in 2022 representing a change of 20.01%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -19 million in 2023 from -18 million in 2022 representing a change of -6.74%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 55 million in 2023 from 49 million in 2022 representing a change of 12.74%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 43 million in 2023 from 40 million in 2022 representing a change of 6.07%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -12 million in 2023 from -9 million in 2022 representing a change of -43.95%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 3 million in 2022 representing a change of 100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	13700000	10200000	34.31
free cash flow	13700000	8700000	57.47
capital expenditure	0	-1500000	100.00
depreciation and amortization	0	3600000	-100.00
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	-1500000	100.00
net cash used for investing activites	8900000	-1500000	693.33
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-1100000	-23200000	95.26
net change in cash	7800000	-14500000	153.79
cash at end of period	23800000	16000000	48.75
cash at beginning of period	16000000	30500000	-47.54

Overall Score of Quarterly Cashflow Statement

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 8 million in 2024Q3 from -14 million in 2024Q2 representing a change of 153.79%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 14 million in 2024Q3 from 10 million in 2024Q2 representing a change of 34.31%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 14 million in 2024Q3 from 9 million in 2024Q2 representing a change of 57.47%. This indicates an increase in cash generated after accounting for capital expenditures.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q3 from -2 million in 2024Q2 representing a change of 100.0%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	4.41	4.74	-7.03
net income per share	0.6	0.61	-3.00
operating cash flow per share	0.92	0.81	12.66
free cash flow per share	0.71	0.67	6.00
cash per share	0.55	0.63	-11.69
book value per share	2.87	2.59	11.17
tangible book value per share	0.95	0.94	1.28
shareholders equity per share	2.87	2.59	11.17
interest debt per share	1.45	1.22	18.70
market cap	1328381143.08	975732044.37	36.14
enterprise value	1381831143.08	1009769044.37	36.85
pe ratio	37.19	26.52	40.26
price to sales ratio	5.03	3.43	46.35
pocfratio	24.17	20.01	20.76
pfcf ratio	31.17	24.29	28.35
pb ratio	7.71	6.3	22.38
ptb ratio	7.71	6.3	22.38
ev to sales	5.23	3.55	47.10
enterprise value over ebitda	23.97	16.5	45.25
ev to operating cash flow	25.14	20.71	21.38
ev to free cash flow	32.43	25.13	29.01
earnings yield	0.03	0.04	-28.70
free cash flow yield	0.03	0.04	-22.09
debt to equity	0.5	0.46	8.79
debt to assets	0.26	0.25	7.61
net debt to ebitda	0.93	0.56	66.67
current ratio	2.34	2.64	-11.33
interest coverage	0	36.6	-100.00
income quality	1.54	0.98	56.43
dividend yield	0.01	0.02	-21.59
payout ratio	0.54	0.49	9.97
sales general and administrative to revenue	0.06	0.06	15.03
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.35	0.34	3.94
capex to operating cash flow	0.22	0.18	27.68
capex to revenue	0.05	0.03	54.74
capex to depreciation	1.0	0.74	35.10
stock based compensation to revenue	0	0	NaN
graham number	6.21	5.98	3.84
roic	0.13	0.15	-12.35
return on tangible assets	0.17	0.19	-11.92
graham net net	-1.15	-0.76	-51.77
working capital	68701000	77873000	-11.78
tangible asset value	57077000	56317000	1.35
net current asset value	-35213000	-10904000	-222.94
invested capital	266050000	236400000	12.54
average receivables	49896000	50993500	-2.15
average payables	22265000	25091000	-11.26
average inventory	31575500	33929000	-6.94
days sales outstanding	69.37	63.68	8.94
days payables outstanding	50.92	41.93	21.43
days of inventory on hand	68.5	62.71	9.23
receivables turnover	5.26	5.73	-8.21
payables turnover	7.17	8.7	-17.65
inventory turnover	5.33	5.82	-8.45
roe	0.21	0.24	-12.74
capex per share	0.21	0.14	43.85

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.21 on 2023-12-31 from 0.24 on 2022-12-31, representing a change of -12.74%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

  Current Ratio: Current Ratio decreased to 2.34 on 2023-12-31 from 2.64 on 2022-12-31, representing a change of -11.33%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.50 on 2023-12-31 from 0.46 on 2022-12-31, representing a change of 8.79%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 37.19 on 2023-12-31 from 26.52 on 2022-12-31, representing a change of 40.26%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
TROAX.ST
calendar year	2024	2024	NaN
revenue per share	1.15	1.2	-4.03
net income per share	0.15	0.13	18.67
operating cash flow per share	0.23	0.17	34.31
free cash flow per share	0.23	0.15	57.47
cash per share	0.4	0.27	48.75
book value per share	2.88	2.73	5.58
tangible book value per share	0.92	0.8	15.21
shareholders equity per share	2.88	2.73	5.58
interest debt per share	0	1.19	-100.00
market cap	1121740903.01	1256464714.41	-10.72
enterprise value	1097940903.01	1311564714.41	-16.29
pe ratio	31.51	41.88	-24.77
price to sales ratio	16.26	17.48	-6.97
pocfratio	81.88	123.18	-33.53
pfcf ratio	81.88	144.42	-43.31
pb ratio	6.51	7.7	-15.44
ptb ratio	6.51	7.7	-15.44
ev to sales	15.91	18.24	-12.77
enterprise value over ebitda	80.73	87.44	-7.67
ev to operating cash flow	80.14	128.58	-37.67
ev to free cash flow	80.14	150.75	-46.84
earnings yield	0.01	0.01	32.92
free cash flow yield	0.01	0.01	76.38
debt to equity	0	0.44	-100.00
debt to assets	0	0.23	-100.00
net debt to ebitda	-1.75	3.67	-147.64
current ratio	2.37	2.11	12.18
interest coverage	0	0	NaN
income quality	1.01	0.84	19.50
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.07	0.06	1.94
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.37	0.37	-0.76
capex to operating cash flow	0	0.15	-100.00
capex to revenue	0	0.02	-100.00
capex to depreciation	0	0.42	-100.00
stock based compensation to revenue	0	0	NaN
graham number	3.1	2.77	11.93
roic	0.04	0.03	8.14
return on tangible assets	0.04	0.04	15.44
graham net net	-1.81	-1.16	-56.06
working capital	65200000	58200000	12.03
tangible asset value	55300000	48000000	15.21
net current asset value	-34100000	-38200000	10.73
invested capital	261200000	252800000	3.32
average receivables	31750000	61600000	-48.46
average payables	0	0	NaN
average inventory	29950000	30500000	-1.80
days sales outstanding	0	79.49	-100.00
days payables outstanding	0	0	NaN
days of inventory on hand	62.29	62.21	0.12
receivables turnover	0	1.13	-100.00
payables turnover	0	0	NaN
inventory turnover	1.44	1.45	-0.12
roe	0.05	0.05	12.40
capex per share	0	0.03	-100.00

• Negative

  ROE: Return on Equity (ROE) decreased to 0.05 on 2024-09-30 Q3 from 0.05 on 2024-06-30 Q2, representing a change of 12.40%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 31.51 on 2024-09-30 Q3 from 41.88 on 2024-06-30 Q2, representing a change of -24.77%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Current Ratio: Current Ratio increased to 2.37 on 2024-09-30 Q3 from 2.11 on 2024-06-30 Q2, representing a change of 12.18%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-09-30 Q3 from 0.44 on 2024-06-30 Q2, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 99.11 which is lower than current price 234, indicates the company may be overvalued.