3 Swedish Growth Stocks With Up To 35% Insider Ownership

Simply Wall St.
25 Sep 2024

As global markets react to the Federal Reserve's recent rate cut, European indices have shown mixed results, reflecting investor caution around future monetary policies. Amid this backdrop, Sweden's market remains a focal point for growth opportunities. In this environment, stocks with high insider ownership can be particularly appealing as they often signal confidence from those closest to the company. Here are three Swedish growth stocks that stand out with up to 35% insider ownership.

Top 10 Growth Companies With High Insider Ownership In Sweden

Name Insider Ownership Earnings Growth
CTT Systems (OM:CTT) 16.9% 24.8%
Truecaller (OM:TRUE B) 29.6% 21.6%
Fortnox (OM:FNOX) 21.1% 22.5%
Biovica International (OM:BIOVIC B) 17.6% 78.5%
Magle Chemoswed Holding (OM:MAGLE) 14.9% 72.2%
BioArctic (OM:BIOA B) 34% 98.4%
Yubico (OM:YUBICO) 37.5% 42.3%
KebNi (OM:KEBNI B) 37.8% 86.1%
InCoax Networks (OM:INCOAX) 19.5% 115.5%
OrganoClick (OM:ORGC) 23.1% 109.0%

Click here to see the full list of 91 stocks from our Fast Growing Swedish Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

NIBE Industrier

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NIBE Industrier AB (publ) and its subsidiaries develop, manufacture, market, and sell energy-efficient indoor climate comfort solutions as well as components for intelligent heating and control across the Nordic countries, Europe, North America, and internationally; the company has a market cap of SEK102.66 billion.

Operations: NIBE Industrier AB generates revenue from three main segments: SEK5.33 billion from Stoves, SEK13.48 billion from Element, and SEK35.22 billion from Climate Solutions.

Insider Ownership: 20.2%

NIBE Industrier AB, a Swedish growth company with high insider ownership, reported a decline in Q2 2024 sales to SEK 10.04 billion from SEK 11.83 billion the previous year and net income dropped to SEK 219 million from SEK 1.32 billion. Despite lower profit margins and earnings per share, the company's revenue is forecasted to grow at 6.8% annually, outpacing the Swedish market's growth rate of 0.9%. Earnings are expected to increase significantly by over 42% per year for the next three years, although interest payments are not well covered by current earnings levels.

  • Click to explore a detailed breakdown of our findings in NIBE Industrier's earnings growth report.
  • According our valuation report, there's an indication that NIBE Industrier's share price might be on the expensive side.
OM:NIBE B Ownership Breakdown as at Sep 2024

AB Sagax

Simply Wall St Growth Rating: ★★★★☆☆

Overview: AB Sagax (publ) is a property company operating in Sweden, Finland, France, Benelux, Spain, Germany, and other European countries with a market cap of SEK97.74 billion.

Operations: The company's revenue from real estate rentals amounts to SEK4.63 billion.

Insider Ownership: 28.6%

AB Sagax, a Swedish growth company with high insider ownership, reported strong financial results for Q2 2024 with sales of SEK 1.20 billion and net income of SEK 978 million. For the first half of 2024, sales reached SEK 2.39 billion and net income was SEK 2.06 billion. The company's earnings are forecasted to grow by 29.07% annually, outpacing the Swedish market's expected growth rate of 15.1%. However, revenue is projected to grow at a slower rate of 9.3% per year compared to other high-growth firms but faster than the overall market's rate of 0.9%.

  • Take a closer look at AB Sagax's potential here in our earnings growth report.
  • Our comprehensive valuation report raises the possibility that AB Sagax is priced higher than what may be justified by its financials.
OM:SAGA A Ownership Breakdown as at Sep 2024

Wallenstam

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Wallenstam AB (publ) is a Swedish property company with a market cap of SEK38.01 billion.

Operations: Wallenstam generates revenue of SEK0.94 billion from Stockholm and SEK1.94 billion from Gothenburg.

Insider Ownership: 35%

Wallenstam AB, a Swedish growth company with high insider ownership, reported Q2 2024 sales of SEK 737 million and net income of SEK 74 million, reversing a net loss from the previous year. Revenue for H1 2024 was SEK 1.60 billion with net income at SEK 408 million. The company's earnings are forecasted to grow significantly at over 50% annually, despite revenue growth being slower than other high-growth firms but faster than the overall market.

  • Delve into the full analysis future growth report here for a deeper understanding of Wallenstam.
  • In light of our recent valuation report, it seems possible that Wallenstam is trading beyond its estimated value.
OM:WALL B Earnings and Revenue Growth as at Sep 2024

Where To Now?

  • Get an in-depth perspective on all 91 Fast Growing Swedish Companies With High Insider Ownership by using our screener here.
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Searching for a Fresh Perspective?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

Companies discussed in this article include OM:NIBE B OM:SAGA A and OM:WALL B.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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