2026 Q3 - tulosraportti
UUTTA
4 päivää sitten
‧25 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| 1 | ||
| 1 304 | ||
| 2 985 | ||
| 3 773 | ||
| 270 |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 18.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 29.10. | ||
2026 Q2 - tulosraportti 13.8. | ||
2026 Q1 - tulosraportti 29.5. | ||
2025 Q4 - tulosraportti 12.2. | ||
2025 Q3 - tulosraportti 29.10.2025 |
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
·11 t sittenIn 3Q consensus analysts estimated that Axactor would earn EUR 10 million before taxes. It turned out to be EUR 5 million. A completely inexplicable gap when having the interest income in advance! Unfortunately, consensus remains far too high going forward as well, and disappointments over weak results relative to expectations will continue to weigh on the company. Let us take 2027 as an example. Here, consensus is at 72 million in profit before tax. That is far, far too high! Take net revenues of EUR 269 million for 2027. The collection curve estimates interest income at 139 million. Assume that 3PC revenue becomes 70 million. Then interest income is estimated at 299 million. That is 60 million more than Axactor's own estimate for interest income for the current portfolio in 2027. That must come from new investments. Assuming 25% in interest income (compared to ~21% for the current portfolio), this corresponds to an average new portfolio of EUR 240 million. Axactor will invest from 25 to 75 million in 4Q. This means they must invest from 400 to 455 million in 2027 to reach 240 million in average new investment for 2027 and 60 million in interest income, and one can safely estimate that this will not happen. Alternatively, one can believe that the average IRR on new investments is approx. 35% - and that is not likely either. There is no doubt that expectations will continue downwards for Axactor - and that is not favorable for the share price development!
@Fiskestank I agree that EUR 72m before tax in 2027 looks challenging and assumes a significantly higher investment pace. And history certainly suggests that one should not uncritically put the company's guiding into the spreadsheet as the absolute truth. They have disappointed before, and that should give a discount on the probability that the 2027 targets are reached. But history is also not mathematical proof that they will not deliver this time, and I think you still calculate almost consistently on the downside. The deviation in Q3 between consensus of approx. EUR 10m PBT and actual EUR 5.2m is, for example, not inexplicable. The quarter contained EUR 5.8m in one-off costs from the redemption of ACR04. Adjusted in isolation for this, PBT would have been around EUR 11m. At the same time, Q3 only received a few days' effect from the ACR04 refinancing, while the full effect comes from Q4. The interest expense was already reduced from EUR 18.6m to 15.4m. Furthermore, ACR05 of EUR 125m at EURIBOR +7.5% is planned to be replaced with cheaper financing in June 2027. External servicing revenue was at the same time EUR 16.3m, +7%, where the SPV model already contributed EUR 1.8m, and this will increase when the Fortress model is scaled. So yes, consensus may be too high, and >15% ROE must be proven. But "challenging to reach" is something quite different from "mathematically impossible". I therefore think the right thing to do is to discount the guiding because of history, not write it off because of history. If all uncertain factors are consistently put on the negative side and upside contributions are set to zero, you naturally get a bearish spreadsheet....
·3 päivää sittenThe turnover is tragic in this stock I had this stock about 15 years ago, and actually managed to make good money on it, and not many have done that over the years that have passed Considered buying it yesterday, but I am dropping it I don't think I will ever buy it again, I think Fredriksen is going to buy up the shares that are here And I don't think the premium for those of you who own the stock is going to be big There are other stocks on the exchange that are far more interesting At the moment I don't have shares in any companies but I am following along, and hope the oil price goes down, and the Norwegian krone weakens Then there are many other companies that become exciting
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q3 - tulosraportti
UUTTA
4 päivää sitten
‧25 min
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.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·11 t sittenIn 3Q consensus analysts estimated that Axactor would earn EUR 10 million before taxes. It turned out to be EUR 5 million. A completely inexplicable gap when having the interest income in advance! Unfortunately, consensus remains far too high going forward as well, and disappointments over weak results relative to expectations will continue to weigh on the company. Let us take 2027 as an example. Here, consensus is at 72 million in profit before tax. That is far, far too high! Take net revenues of EUR 269 million for 2027. The collection curve estimates interest income at 139 million. Assume that 3PC revenue becomes 70 million. Then interest income is estimated at 299 million. That is 60 million more than Axactor's own estimate for interest income for the current portfolio in 2027. That must come from new investments. Assuming 25% in interest income (compared to ~21% for the current portfolio), this corresponds to an average new portfolio of EUR 240 million. Axactor will invest from 25 to 75 million in 4Q. This means they must invest from 400 to 455 million in 2027 to reach 240 million in average new investment for 2027 and 60 million in interest income, and one can safely estimate that this will not happen. Alternatively, one can believe that the average IRR on new investments is approx. 35% - and that is not likely either. There is no doubt that expectations will continue downwards for Axactor - and that is not favorable for the share price development!@Fiskestank I agree that EUR 72m before tax in 2027 looks challenging and assumes a significantly higher investment pace. And history certainly suggests that one should not uncritically put the company's guiding into the spreadsheet as the absolute truth. They have disappointed before, and that should give a discount on the probability that the 2027 targets are reached. But history is also not mathematical proof that they will not deliver this time, and I think you still calculate almost consistently on the downside. The deviation in Q3 between consensus of approx. EUR 10m PBT and actual EUR 5.2m is, for example, not inexplicable. The quarter contained EUR 5.8m in one-off costs from the redemption of ACR04. Adjusted in isolation for this, PBT would have been around EUR 11m. At the same time, Q3 only received a few days' effect from the ACR04 refinancing, while the full effect comes from Q4. The interest expense was already reduced from EUR 18.6m to 15.4m. Furthermore, ACR05 of EUR 125m at EURIBOR +7.5% is planned to be replaced with cheaper financing in June 2027. External servicing revenue was at the same time EUR 16.3m, +7%, where the SPV model already contributed EUR 1.8m, and this will increase when the Fortress model is scaled. So yes, consensus may be too high, and >15% ROE must be proven. But "challenging to reach" is something quite different from "mathematically impossible". I therefore think the right thing to do is to discount the guiding because of history, not write it off because of history. If all uncertain factors are consistently put on the negative side and upside contributions are set to zero, you naturally get a bearish spreadsheet....
- ·3 päivää sittenThe turnover is tragic in this stock I had this stock about 15 years ago, and actually managed to make good money on it, and not many have done that over the years that have passed Considered buying it yesterday, but I am dropping it I don't think I will ever buy it again, I think Fredriksen is going to buy up the shares that are here And I don't think the premium for those of you who own the stock is going to be big There are other stocks on the exchange that are far more interesting At the moment I don't have shares in any companies but I am following along, and hope the oil price goes down, and the Norwegian krone weakens Then there are many other companies that become exciting
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| 1 | ||
| 1 304 | ||
| 2 985 | ||
| 3 773 | ||
| 270 |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 18.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 29.10. | ||
2026 Q2 - tulosraportti 13.8. | ||
2026 Q1 - tulosraportti 29.5. | ||
2025 Q4 - tulosraportti 12.2. | ||
2025 Q3 - tulosraportti 29.10.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q3 - tulosraportti
UUTTA
4 päivää sitten
‧25 min
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: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 18.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 29.10. | ||
2026 Q2 - tulosraportti 13.8. | ||
2026 Q1 - tulosraportti 29.5. | ||
2025 Q4 - tulosraportti 12.2. | ||
2025 Q3 - tulosraportti 29.10.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·11 t sittenIn 3Q consensus analysts estimated that Axactor would earn EUR 10 million before taxes. It turned out to be EUR 5 million. A completely inexplicable gap when having the interest income in advance! Unfortunately, consensus remains far too high going forward as well, and disappointments over weak results relative to expectations will continue to weigh on the company. Let us take 2027 as an example. Here, consensus is at 72 million in profit before tax. That is far, far too high! Take net revenues of EUR 269 million for 2027. The collection curve estimates interest income at 139 million. Assume that 3PC revenue becomes 70 million. Then interest income is estimated at 299 million. That is 60 million more than Axactor's own estimate for interest income for the current portfolio in 2027. That must come from new investments. Assuming 25% in interest income (compared to ~21% for the current portfolio), this corresponds to an average new portfolio of EUR 240 million. Axactor will invest from 25 to 75 million in 4Q. This means they must invest from 400 to 455 million in 2027 to reach 240 million in average new investment for 2027 and 60 million in interest income, and one can safely estimate that this will not happen. Alternatively, one can believe that the average IRR on new investments is approx. 35% - and that is not likely either. There is no doubt that expectations will continue downwards for Axactor - and that is not favorable for the share price development!@Fiskestank I agree that EUR 72m before tax in 2027 looks challenging and assumes a significantly higher investment pace. And history certainly suggests that one should not uncritically put the company's guiding into the spreadsheet as the absolute truth. They have disappointed before, and that should give a discount on the probability that the 2027 targets are reached. But history is also not mathematical proof that they will not deliver this time, and I think you still calculate almost consistently on the downside. The deviation in Q3 between consensus of approx. EUR 10m PBT and actual EUR 5.2m is, for example, not inexplicable. The quarter contained EUR 5.8m in one-off costs from the redemption of ACR04. Adjusted in isolation for this, PBT would have been around EUR 11m. At the same time, Q3 only received a few days' effect from the ACR04 refinancing, while the full effect comes from Q4. The interest expense was already reduced from EUR 18.6m to 15.4m. Furthermore, ACR05 of EUR 125m at EURIBOR +7.5% is planned to be replaced with cheaper financing in June 2027. External servicing revenue was at the same time EUR 16.3m, +7%, where the SPV model already contributed EUR 1.8m, and this will increase when the Fortress model is scaled. So yes, consensus may be too high, and >15% ROE must be proven. But "challenging to reach" is something quite different from "mathematically impossible". I therefore think the right thing to do is to discount the guiding because of history, not write it off because of history. If all uncertain factors are consistently put on the negative side and upside contributions are set to zero, you naturally get a bearish spreadsheet....
- ·3 päivää sittenThe turnover is tragic in this stock I had this stock about 15 years ago, and actually managed to make good money on it, and not many have done that over the years that have passed Considered buying it yesterday, but I am dropping it I don't think I will ever buy it again, I think Fredriksen is going to buy up the shares that are here And I don't think the premium for those of you who own the stock is going to be big There are other stocks on the exchange that are far more interesting At the moment I don't have shares in any companies but I am following along, and hope the oil price goes down, and the Norwegian krone weakens Then there are many other companies that become exciting
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin 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
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| 1 | ||
| 1 304 | ||
| 2 985 | ||
| 3 773 | ||
| 270 |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Dataa ei löytynyt