CombinedX AB (publ) (CX.ST)
Karlstad, SE
Established in Karlstad, Sweden, in 1993, CombinedX AB (publ) delivers a comprehensive suite of consulting services centered around digitalization. The firm assists organizations with a wide array of digital initiatives, including strategic digital business development and transformation, refining service design and customer journeys, optimizing business systems and processes, and leveraging data analytics for insightful decision support. Furthermore, their expertise extends to automation and robotization, the entire lifecycle of application development, enhancing the digital workplace and identity management, providing managed infrastructure and robust security solutions, and implementing Internet of Things technologies.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.03% | +3.79% | +10.69% | +16.41% | +11.01% | +3.51% | -6.59% | +2.41% | -6.59% | -6.59% | -6.59% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Information Technology Services: +10.1%+1.9% Q1'26: +8.1% (vs Q1'25)
-
EPS growth Information Technology Services: +16.7%-29.4% Q1'26: -20.0% (vs Q1'25)
-
FCF margin FCF growth · Information Technology Services: +32.8%+10.7% Q1'26: +6.2% (vs Q1'25)
-
EBIT margin Information Technology Services: +9.0%+6.5% Q1'26: +7.7% (vs Q1'25)
-
ROIC Information Technology Services: +9.5%+9.3% Q1'26: +11.4% (vs Q1'25)
-
Share dilution Information Technology Services: +0.0%+5.7% Q1'26: +6.8% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×1.27× Q1'26: 0.73× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|
| Revenue |
650.50M
est: 651.00M (-0.1%)
|
765.70M
est: 766.30M (-0.1%)
|
929.90M
est: 929.90M (+0.0%)
|
947.70M
est: 947.70M (+0.0%)
|
853.20M
853.20M – 853.20M
-10.0% YoY
|
808.00M
808.00M – 808.00M
-5.3% YoY
|
847.50M
847.50M – 847.50M
+4.9% YoY
|
879.60M
879.60M – 879.60M
+3.8% YoY
|
| EBITDA |
79.50M
est: 90.37M (-12.0%)
|
130.00M
est: 106.38M (+22.2%)
|
120.50M
est: 131.42M (-8.3%)
|
119.40M
est: 133.94M (-10.9%)
|
120.58M
120.58M – 120.58M
-10.0% YoY
|
114.19M
114.19M – 114.19M
-5.3% YoY
|
119.78M
119.78M – 119.78M
+4.9% YoY
|
124.31M
124.31M – 124.31M
+3.8% YoY
|
| EBIT |
51.50M
est: 49.47M (+4.1%)
|
92.60M
est: 58.23M (+59.0%)
|
72.00M
est: 84.26M (-14.6%)
|
61.30M
est: 85.88M (-28.6%)
|
77.31M
77.31M – 77.31M
-10.0% YoY
|
73.22M
73.22M – 73.22M
-5.3% YoY
|
76.80M
76.80M – 76.80M
+4.9% YoY
|
79.71M
79.71M – 79.71M
+3.8% YoY
|
| Net Income |
35.20M
est: 38.17M (-7.8%)
|
70.90M
est: 71.32M (-0.6%)
|
50.60M
est: 53.03M (-4.6%)
|
37.70M
est: 44.13M (-14.6%)
|
47.72M
47.72M – 47.72M
+8.2% YoY
|
55.30M
55.30M – 55.30M
+15.9% YoY
|
66.28M
66.28M – 66.28M
+19.9% YoY
|
70.26M
70.26M – 70.26M
+6.0% YoY
|
| SGA |
64.30M
est: 98.16M (-34.5%)
|
64.50M
est: 115.54M (-44.2%)
|
74.10M
est: 93.33M (-20.6%)
|
—
est: 95.12M (-100.0%)
|
85.63M
85.63M – 85.63M
-10.0% YoY
|
81.10M
81.10M – 81.10M
-5.3% YoY
|
85.06M
85.06M – 85.06M
+4.9% YoY
|
88.28M
88.28M – 88.28M
+3.8% YoY
|
| EPS |
2.07
est: 2.13 (-2.8%)
|
4.15
est: 3.98 (+4.3%)
|
2.82
est: 2.80 (+0.7%)
|
1.99
est: 2.33 (-14.6%)
|
2.52
2.52 – 2.52
+8.2% YoY
|
2.92
2.92 – 2.92
+15.9% YoY
|
3.50
3.50 – 3.50
+19.9% YoY
|
3.71
3.71 – 3.71
+6.0% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-23 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Joergen Qwist | President & Chief Executive Officer | 3M | male |
| Bjorn Magnusson | Head of Administration & Information Officer | — | male |
| Boel Sjostrand | Deputy Chief Executive Officer | — | — |
| Erik Nøkleby Holth | Chief Executive Officer of Align Consulting Norway | — | — |
| Eva Sandberg | Chief Executive Officer of Netgain | — | female |
| Johan Ripe | Chief Executive Officer of Nethouse AB | — | — |
| Jonas Aronsson | Chief Executive Officer of Ninetech | — | male |
| Mattias Dyberg | Chief Executive Officer of Elvenite | — | male |
| Anna Hedstrom | Chief Financial Officer | — | female |
| Per Aronsson | Chief Executive Officer of Align Consulting Sweden | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for CX.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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