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B3 Consulting Group AB
(B3)
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Rating:49Neutral
Price Target:
kr20.50
â–¼(-52.87% Downside)
Action:Reiterated
Date:09/08/26
The score is held down primarily by materially weaker profitability and higher leverage, with only partial support from improved recent cash generation. Technicals are constructive but appear overbought, and valuation is demanding (high P/E with no dividend yield provided), limiting the overall attractiveness.
Positive Factors
Diversified consulting capabilities
B3 serves multiple technology needs through specialist consulting units, reducing reliance on one solution category. Its presence across private and public sectors broadens the addressable client base and supports recurring demand as organizations continue modernizing digital operations.
Negative Factors
Material profitability deterioration
Very thin current margins leave little buffer for weaker utilization, pricing pressure or higher delivery costs. The sharp decline from prior-year profitability reduces earnings resilience and makes it harder for B3 to fund growth, absorb volatility, or improve leverage through retained profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified consulting capabilities
B3 serves multiple technology needs through specialist consulting units, reducing reliance on one solution category. Its presence across private and public sectors broadens the addressable client base and supports recurring demand as organizations continue modernizing digital operations.
Read all positive factors
B3 Consulting Group AB (B3) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr194.31M
Dividend Yield9.08%
Average Volume (3M)11.71K
Price to Earnings (P/E)44.4
Beta (1Y)0.28
Revenue Growth-3.37%
EPS Growth-94.71%
CountrySE
Employees874
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.74
Shares Outstanding9,478,479
10 Day Avg. Volume11,526
30 Day Avg. Volume11,714
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)1.81
Price to Sales (P/S)0.32
P/FCF Ratio10.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.69
Revenue Forecast (FY)kr1.18B
B3 Consulting Group AB Business Overview & Revenue Model
Company Description
Operating out of Stockholm, Sweden, B3 Consulting Group AB (publ) specializes in delivering IT and management advisory services throughout Sweden. The company, which was founded in 2003, underwent a name change in May 2018, transitioning from its ...
How the Company Makes Money
B3 primarily makes money by selling consulting services on a business-to-business basis, where revenue is generated from professional fees for delivering expertise and project work to clients. The core revenue stream is billable consulting hours (...
B3 Consulting Group AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.21B | 1.13B | 1.14B | 1.15B | 921.89M |
| Gross Profit | 41.40M | 301.60M | 286.00M | 180.60M | 358.18M | 146.28M |
| EBITDA | 77.00M | 78.60M | 141.90M | 113.40M | 158.34M | 88.06M |
| Net Income | 4.40M | 10.90M | 83.30M | 60.50M | 103.30M | 45.29M |
Balance Sheet | ||||||
| Total Assets | 873.10M | 835.80M | 885.30M | 632.60M | 622.98M | 559.72M |
| Cash, Cash Equivalents and Short-Term Investments | 84.80M | 63.50M | 77.70M | 48.90M | 83.39M | 54.24M |
| Total Debt | 313.50M | 328.50M | 303.00M | 171.00M | 100.03M | 104.52M |
| Total Liabilities | 590.90M | 576.00M | 623.10M | 452.40M | 395.03M | 365.11M |
| Stockholders Equity | 230.20M | 212.70M | 232.50M | 156.70M | 194.95M | 174.32M |
Cash Flow | ||||||
| Free Cash Flow | 41.20M | 36.90M | -19.10M | 63.20M | 150.93M | 75.50M |
| Operating Cash Flow | 42.30M | 37.90M | -14.60M | 67.80M | 151.71M | 77.66M |
| Investing Cash Flow | -16.60M | -70.30M | -18.50M | -2.10M | -4.47M | -7.36M |
| Financing Cash Flow | -19.00M | 19.20M | 61.70M | -100.20M | -118.09M | -62.45M |
B3 Consulting Group AB Technical Analysis
Negative
43.50
Price Trends
21.27
Negative
22.24
Negative
30.02
Negative
Market Momentum
0.03
Positive
38.79
Neutral
14.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:B3, the sentiment is Negative. The current price of 43.5 is above the 20-day moving average (MA) of 23.01, above the 50-day MA of 21.27, and above the 200-day MA of 30.02, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 38.79 is Neutral, neither overbought nor oversold. The STOCH value of 14.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:B3.
B3 Consulting Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | kr1.17B | 15.60 | 26.28% | 6.09% | 13.11% | -7.85% | |
71 Outperform | kr1.52B | 17.57 | 16.46% | 1.68% | 7.42% | 44.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr6.75B | 20.36 | 11.60% | 2.36% | -6.48% | -24.43% | |
58 Neutral | kr196.75M | 15.81 | 29.88% | 22.30% | -7.58% | -44.99% | |
55 Neutral | kr2.61B | -8.83 | -7.72% | 2.56% | -7.52% | -458.49% | |
49 Neutral | kr194.31M | 44.36 | 2.03% | 9.08% | -3.37% | -94.71% |
* Technology Sector Average
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B3 Consulting Group AB Corporate Events
B3 Consulting Group Moves to List SEK 250m Bond on Nasdaq Stockholm
Sep 22, 2026
B3 Consulting Group AB has taken a further step in its financing strategy by publishing a prospectus and applying to list its recently issued senior secured bonds on Nasdaq Stockholm’s corporate bond list. The bonds, initially issued in July...
B3 Consulting to Redeem SEK 250 Million Bonds After New Issue Settlement
Jul 16, 2026
B3 Consulting Group has confirmed that the condition for early redemption of its SEK 250 million senior secured bonds has been met following the successful settlement of a new senior secured bond issue. With the new bonds now issued, the company w...
B3 Consulting Group Refinances Debt With New SEK 250m Bond Issue
Jul 2, 2026
B3 Consulting Group AB has strengthened its financing structure by issuing new senior secured floating rate bonds with a three-year tenor, raising SEK 250 million within a SEK 300 million framework. The new bonds, carrying interest at three-month ...
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.