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NAXS AB (publ)

NAXS AB (publ)

NAXS.ST
NAXS AB (publ)SE flagStockholm Stock Exchange
36.40
SEK
+0.70
- -
398.85MMarket Cap
NAXS AB (publ)
NAXS.ST
(Stockholm Stock Exchange)

Recent

price

36.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.62
-0.3
4.02
3.88
9.01
4.6
6.61
3.25
1.84
3.66
2.61
16.48
16.75
0.87
-5.55
-1.8
1.84
Revenue per Share
0.22
-0.64
3.67
3.64
8.6
4.32
6.32
2.91
1.45
3.24
2.16
15.91
16.22
0.39
-6.01
-2.34
1.37
Basic EPS, GAAP
0.67
0.49
-0.03
1.78
2.95
12.74
3.92
8.43
0.89
2.64
-1.11
-0.92
-1.29
-0.86
-0.91
-1.19
-1.08
Free Cash Flow per Basic Share
- -
- -
0.4
0.5
2
2.3
2.5
- -
2.53
2.71
3
3
3.51
3.75
4.25
20.25
4.25
Dividend per Share
-0.38
-1.04
2.11
5.11
11.67
13.76
17.51
17.2
10.88
9.22
8.62
21.98
34.36
31.09
20.83
-1.93
- -
Book Value per Share
38.13
37.49
40.76
43.89
50.51
52.78
56.62
58.6
57.75
62
60.87
73.78
86.37
83.24
72.98
50.22
73.32
Tangible Book Value per Share
15
15
15
15
15
15
15
14
13
11
11
11
11
11
11
11
11
Basic Weighted Avg Shares
9
-4
60
58
134
68
98
45
23
42
29
184
186
10
-61
-20
20
Sales/Revenue/Turnover
-27.45
303.47
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
-10
55
54
128
64
94
41
18
37
24
177
180
4
-67
-26
15
Net Income, GAAP
- -
- -
1.37
- -
1.09
- -
- -
- -
- -
- -
- -
- -
- -
0.21
- -
- -
0.05
Effective Tax Rate (%)
35.02
214.65
91.48
93.86
95.53
93.77
95.67
89.48
79.01
88.75
82.82
96.52
96.83
45.33
108.26
130.01
74.63
Profit Margin (%)
270
201
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
572
562
609
654
751
785
842
821
736
710
679
823
959
922
808
556
812
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
100.61
102.51
33.94
40.44
16.24
9.74
30.41
23.92
103.96
57.47
1.2
-23.15
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
561
620
605

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
204
198
220
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.31%
-1.92%
-31.18%
Free Cash Flow
-0.52%
5.22%
30.67%
Net Income, GAAP
-114.96%
-230.12%
-61.05%
Sales/Revenue/Turnover
-38.06%
-74.06%
-67.57%
Total Cash Common Dividend
- -
- -
376.47%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
-31
-40
7
-61
2025
96
-42
-4
- -
-20
2026
-3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
-2.88
-3.74
0.52
-6.01
2025
8.52
-3.93
-0.6
- -
-2.34
2026
-0.42
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
4.25
- -
- -
4.25
2025
- -
4.25
- -
- -
20.25
2026
2
- -
- -
- -
- -
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Business
NAXS AB (publ) is a Sweden-based investment company listed on Nasdaq Stockholm that primarily invests in private equity funds with a Nordic focus, including direct investments and co-investments alongside private equity or other alternative asset funds; its core portfolio comprises commitments to 12 active private equity funds such as Apax Europe VII (EUR 15m), Celero Capital Fund (E) (EUR 3.2m), Equip Capital Fund I (NOK 20m), Equip Capital SPV SCSp (EUR 1.3m), JAB Consumer Fund GCB II (USD 5m), JAB Consumer Fund GCB III (EUR 5m), JAB Consumer Partners JCP V (EUR 5m), Mimir Invest (SEK 50m), Mimir Industries (SEK 75m), Nordic Capital X (EUR 2m), Nordic Capital Evo Fund I (EUR 1m), and Valedo Partners Fund II (SEK 65m), alongside other investments in listed and unlisted securities like Awilco Drilling Plc, Keurig Dr Pepper, Krispy Kreme, Jacktel AS, Novonesis, Reledo, Panera Brands, Pret Panera, and JDE Peet's. The company, founded in 2007 and headquartered in Stockholm, Sweden, targets sectors including industry, consumer goods and services, pet care, business services, food and beverage, building and construction, healthcare, and tech and software across Nordic countries, Europe, and globally; private equity fund investments represent 62% of equity with remaining commitments at 11%, other investments at 11%, and net cash at 22% as of December 31, 2024. Recent developments include a MEUR 1.3 investment in Equip Capital SPV SCSp in 2024 to acquire portfolio companies Rush and iteam, a commitment increase to MEUR 3.2 in Celero Capital Fund (E), further investment in Awilco Drilling Plc via warrant exercise, receipt of JDE Peet's shares as an in-kind distribution from JAB Consumer Fund GCB II, Nikolai Jebsen appointed interim CEO in October 2024, a dividend of SEK 4.25 per share, initiation of share repurchase programs in late 2025, and in October 2025 new principal ownership by Molcap Invest and Oliver Molse (45.73% stake) following QVT Financial's full divestment, triggering a mandatory bid obligation; underlying funds acquired seven new portfolio companies and completed five exits in 2024, contributing to 191 total acquisitions and 124 exits since inception with a gross IRR of 17.4%.