CX.ST
Strong BuyFull HouseAI neutralCombinedX AB (publ) · Technology · Sweden · $78M
SEK 26.10 -5.4% · close 7 Oct · scored 9 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
Read our full research report on CX.ST (Aug 2026), freeDoes StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
CombinedX provides specialized digital transformation and IT consultancy services across the Nordic region, supported by recent open-market share purchases from executive management. Offsetting this insider conviction, forward consensus earnings estimates have seen downward revisions over the past month, reflecting a cautious corporate spending environment.
ABOUT COMBINEDX AB (PUBL)
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CombinedX AB is a Swedish IT consulting group operating a decentralized model of specialized niche brands that deliver digital transformation, cloud migration, and cyber security services. This structure allows individual business units to maintain deep technical expertise and agility while leveraging the financial strength and shared resources of the parent group. The company benefits from high customer retention rates driven by long-term managed services contracts across the Nordic public and private sectors.
FINANCIAL SUMMARY (SEK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 650.5M | 765.7M | 929.9M | 947.7M | 13.4% | 954.4M | 826.9M | 703.9M | -13.8% |
| EPS (SEK) | 2.14 | 4.15 | 2.82 | 1.99 | -2.4% | 6.97 | 7.34 | 2.26 | 6.6% |
| Shares | 16.9M | 17.1M | 18.2M | 19.5M | +15.0% | 19.5M | — | — | — |
| Debt | 113.1M | 88.6M | 126.7M | 191.2M | 19.1% | 93.7M | — | — | — |
| Equity | 318.3M | 375.9M | 424.0M | 478.6M | 14.6% | — | — | — | — |
| Op CF | 40.9M | 81.4M | 124.3M | 99.2M | 34.4% | 101.8M | — | — | — |
| Inv CF | -53.7M | -28.6M | -62.1M | -91.2M | — | — | — | — | — |
| Fin CF | 25.5M | -56.2M | -46.9M | -34.7M | — | — | — | — | — |
Calmer than 56% of stocks we rank over the past year (38% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of CX.ST are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| CX.ST | CombinedX AB (publ)(you) | $78M | 98 | Strong Buy |
| NTEK-B.ST | Novotek AB | $67M | 93 | Strong Buy |
| SOF-B.ST | Softronic AB (publ) | $119M | 95 | Strong Buy |
| CAG.ST | CAG Group AB (publ) | $66M | 89 | Strong Buy |
| SAFETY-B.ST | mySafety Group AB | $49M | 92 | Strong Buy |
| PREV-B.ST | Prevas AB | $75M | 79 | Buy |
| WPTG-B.ST | White Pearl Technology Group AB | $56M | 84 | Strong Buy |
| PACT.ST | Proact IT Group AB (publ) | $358M | 88 | Strong Buy |
| EXS.ST | Exsitec Holding AB (publ) | $156M | 69 | Buy |
| KNOW.ST | Knowit AB (publ) | $259M | 64 | Hold |
Peer medians: ROE 11.9% · P/E 18.7x · Gross margin 48.1%
Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.