2025 Q4 -tulosraportti
13 päivää sitten
‧24 min
Tarjoustasot
Oslo Børs
Määrä
Osto
7 088
Myynti
Määrä
2 000
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 1 197 | - | - | ||
| 2 245 | - | - | ||
| 808 | - | - | ||
| 749 | - | - |
Ylin
7,52VWAP
Alin
7,46VaihtoMäärä
1 139 903
VWAP
Ylin
7,52Alin
7,46VaihtoMäärä
1 139 903
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 29.10.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 | ||
2025 Q1 -tulosraportti 7.5.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
11 t sitten11 t sittenFra DNB: We undertake a more detailed review and summary of the investment case for Axactor, based on historical performance, and review the possible scenarios that could unfold. We see scope for substantial upside to our estimates if investment activity levels pick up at profitable prices, with further support from an improved funding structure at better terms. However, given the uncertainty and size of the NPL back-book, we reiterate our NOK8.7 target price and HOLD, as we see a better risk/reward elsewhere in the sector. Stable cash generation despite earnings volatility. Although cash generation has been stable since 2019, with annual cash EBITDA of ~EUR220m and EUR1bn–1.2bn in NPL book values, reported earnings have been volatile, impacted by amortisation and revaluation levels. We expect to see continued stable cash generation in the years to come, but the profitability of the NPL back-book could still impact reported earnings. Awaiting an investment rebound. Due to the long collection period of NPLs and the high investment activity during the early years of the company, the key to improved profitability remains an increase in new, profitable investments, above the replacement capex level. Gradually improved funding terms. With European market interest rates falling from ~4% in 2023 to ~2% at the start of 2026, the pressure on earnings from elevated funding costs has eased somewhat. Further, as the sector continues to see bond issues at decreasing margins, there is potential upside for Axactor as we approach new maturity and first call dates. HOLD and NOK8.7 target price reiterated. Recognising the low absolute 2026e valuation of 9x P/E and 0.6x P/B, we continue to find this a fair reflection of the risk/reward, which we find higher in other parts of the European debt collection industry. We do not make any material changes to our latest estimates, published after the Q4 report on 12 February. Our 2028e has been updated to reflect the forecasts published in our estimate changes table in that report.
·1 päivä sitten · Muokattuwhen will there be a dividend and how much will it be per year
·13 t sittenAxactor has never generated a single krone for shareholders, even though the strategy has always been 20-50%. And that even though there have been several years with profit. They always come up with "fixed one-off expenses" as an explanation for why it doesn't go as well as all their forecasts would suggest.
·20.2.what do you think about the interest rate going forward? How might this play out for Axactor's funding cost etc.
·2 päivää sittenThe interest rate is determined by many variable factors, so it's not easy to predict it. Regarding, among other things, this year's wage settlement, we can hope they show some restraint, as this will directly affect the interest rate. In the long run, it might seem that it will remain at today's level. Then we can hope and believe in a decrease that gives Axactor’s debtors a better ability to service their loans. I myself am calmly sitting long-term in this boat. I believe in positive development and dividends going forward.
·17.2.The reason to buy Axactor now is that it is a much better market to refinance in now. With their debt and good results, they can clearly get better terms. Something I am sure they are doing everything they can for.
·20.2.Remember that b2's most expensive bond has a spread of 390bp, and rcf is somewhat lower than that
·16.2.Axactor delivered its best annual result since the company became a debt collector. Now P/E is x5.7 on 2025 results and P/E x4.6 for the company's target for 2026 (EUR 45 million). It is simply dirt cheap.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2025 Q4 -tulosraportti
13 päivää sitten
‧24 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 11 t sitten11 t sittenFra DNB: We undertake a more detailed review and summary of the investment case for Axactor, based on historical performance, and review the possible scenarios that could unfold. We see scope for substantial upside to our estimates if investment activity levels pick up at profitable prices, with further support from an improved funding structure at better terms. However, given the uncertainty and size of the NPL back-book, we reiterate our NOK8.7 target price and HOLD, as we see a better risk/reward elsewhere in the sector. Stable cash generation despite earnings volatility. Although cash generation has been stable since 2019, with annual cash EBITDA of ~EUR220m and EUR1bn–1.2bn in NPL book values, reported earnings have been volatile, impacted by amortisation and revaluation levels. We expect to see continued stable cash generation in the years to come, but the profitability of the NPL back-book could still impact reported earnings. Awaiting an investment rebound. Due to the long collection period of NPLs and the high investment activity during the early years of the company, the key to improved profitability remains an increase in new, profitable investments, above the replacement capex level. Gradually improved funding terms. With European market interest rates falling from ~4% in 2023 to ~2% at the start of 2026, the pressure on earnings from elevated funding costs has eased somewhat. Further, as the sector continues to see bond issues at decreasing margins, there is potential upside for Axactor as we approach new maturity and first call dates. HOLD and NOK8.7 target price reiterated. Recognising the low absolute 2026e valuation of 9x P/E and 0.6x P/B, we continue to find this a fair reflection of the risk/reward, which we find higher in other parts of the European debt collection industry. We do not make any material changes to our latest estimates, published after the Q4 report on 12 February. Our 2028e has been updated to reflect the forecasts published in our estimate changes table in that report.
- ·1 päivä sitten · Muokattuwhen will there be a dividend and how much will it be per year·13 t sittenAxactor has never generated a single krone for shareholders, even though the strategy has always been 20-50%. And that even though there have been several years with profit. They always come up with "fixed one-off expenses" as an explanation for why it doesn't go as well as all their forecasts would suggest.
- ·20.2.what do you think about the interest rate going forward? How might this play out for Axactor's funding cost etc.·2 päivää sittenThe interest rate is determined by many variable factors, so it's not easy to predict it. Regarding, among other things, this year's wage settlement, we can hope they show some restraint, as this will directly affect the interest rate. In the long run, it might seem that it will remain at today's level. Then we can hope and believe in a decrease that gives Axactor’s debtors a better ability to service their loans. I myself am calmly sitting long-term in this boat. I believe in positive development and dividends going forward.
- ·17.2.The reason to buy Axactor now is that it is a much better market to refinance in now. With their debt and good results, they can clearly get better terms. Something I am sure they are doing everything they can for.·20.2.Remember that b2's most expensive bond has a spread of 390bp, and rcf is somewhat lower than that
- ·16.2.Axactor delivered its best annual result since the company became a debt collector. Now P/E is x5.7 on 2025 results and P/E x4.6 for the company's target for 2026 (EUR 45 million). It is simply dirt cheap.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
7 088
Myynti
Määrä
2 000
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 1 197 | - | - | ||
| 2 245 | - | - | ||
| 808 | - | - | ||
| 749 | - | - |
Ylin
7,52VWAP
Alin
7,46VaihtoMäärä
1 139 903
VWAP
Ylin
7,52Alin
7,46VaihtoMäärä
1 139 903
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 29.10.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 | ||
2025 Q1 -tulosraportti 7.5.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
2025 Q4 -tulosraportti
13 päivää sitten
‧24 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.5. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 12.2. | ||
2025 Q3 -tulosraportti 29.10.2025 | ||
2025 Q2 -tulosraportti 14.8.2025 | ||
2025 Q1 -tulosraportti 7.5.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 11 t sitten11 t sittenFra DNB: We undertake a more detailed review and summary of the investment case for Axactor, based on historical performance, and review the possible scenarios that could unfold. We see scope for substantial upside to our estimates if investment activity levels pick up at profitable prices, with further support from an improved funding structure at better terms. However, given the uncertainty and size of the NPL back-book, we reiterate our NOK8.7 target price and HOLD, as we see a better risk/reward elsewhere in the sector. Stable cash generation despite earnings volatility. Although cash generation has been stable since 2019, with annual cash EBITDA of ~EUR220m and EUR1bn–1.2bn in NPL book values, reported earnings have been volatile, impacted by amortisation and revaluation levels. We expect to see continued stable cash generation in the years to come, but the profitability of the NPL back-book could still impact reported earnings. Awaiting an investment rebound. Due to the long collection period of NPLs and the high investment activity during the early years of the company, the key to improved profitability remains an increase in new, profitable investments, above the replacement capex level. Gradually improved funding terms. With European market interest rates falling from ~4% in 2023 to ~2% at the start of 2026, the pressure on earnings from elevated funding costs has eased somewhat. Further, as the sector continues to see bond issues at decreasing margins, there is potential upside for Axactor as we approach new maturity and first call dates. HOLD and NOK8.7 target price reiterated. Recognising the low absolute 2026e valuation of 9x P/E and 0.6x P/B, we continue to find this a fair reflection of the risk/reward, which we find higher in other parts of the European debt collection industry. We do not make any material changes to our latest estimates, published after the Q4 report on 12 February. Our 2028e has been updated to reflect the forecasts published in our estimate changes table in that report.
- ·1 päivä sitten · Muokattuwhen will there be a dividend and how much will it be per year·13 t sittenAxactor has never generated a single krone for shareholders, even though the strategy has always been 20-50%. And that even though there have been several years with profit. They always come up with "fixed one-off expenses" as an explanation for why it doesn't go as well as all their forecasts would suggest.
- ·20.2.what do you think about the interest rate going forward? How might this play out for Axactor's funding cost etc.·2 päivää sittenThe interest rate is determined by many variable factors, so it's not easy to predict it. Regarding, among other things, this year's wage settlement, we can hope they show some restraint, as this will directly affect the interest rate. In the long run, it might seem that it will remain at today's level. Then we can hope and believe in a decrease that gives Axactor’s debtors a better ability to service their loans. I myself am calmly sitting long-term in this boat. I believe in positive development and dividends going forward.
- ·17.2.The reason to buy Axactor now is that it is a much better market to refinance in now. With their debt and good results, they can clearly get better terms. Something I am sure they are doing everything they can for.·20.2.Remember that b2's most expensive bond has a spread of 390bp, and rcf is somewhat lower than that
- ·16.2.Axactor delivered its best annual result since the company became a debt collector. Now P/E is x5.7 on 2025 results and P/E x4.6 for the company's target for 2026 (EUR 45 million). It is simply dirt cheap.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
7 088
Myynti
Määrä
2 000
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 1 | - | - | ||
| 1 197 | - | - | ||
| 2 245 | - | - | ||
| 808 | - | - | ||
| 749 | - | - |
Ylin
7,52VWAP
Alin
7,46VaihtoMäärä
1 139 903
VWAP
Ylin
7,52Alin
7,46VaihtoMäärä
1 139 903
Välittäjätilasto
Dataa ei löytynyt