HMS Networks AB
OTC:HMNKF

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HMS Networks AB
OTC:HMNKF
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Price: 47.15 USD Market Closed
Market Cap: 2.4B USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+48%
5Y
+144%
10Y
+403%
Operating Income
+
3Y
+21%
5Y
+156%
10Y
+554%
Net Income
+
3Y
-1%
5Y
+85%
10Y
+563%

Earnings Waterfall
HMS Networks AB

Revenue
3.4B SEK
Cost of Revenue
-1.3B SEK
Gross Profit
2.2B SEK
Operating Expenses
-1.5B SEK
Operating Income
688.5m SEK
Other Expenses
-250.8m SEK
Net Income
437.7m SEK

Income Statement
HMS Networks AB

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Income Statement
Currency: SEK
Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
6
0
0
0
6
0
0
0
6
0
0
0
2
0
0
0
1
0
0
0
1
0
0
0
0
0
0
0
5
0
0
0
6
0
0
0
5
0
0
0
10
0
0
0
7
0
0
0
6
0
0
0
8
0
0
0
7
0
0
0
3
0
0
0
6
0
0
0
12
0
0
0
120
0
0
0
Revenue
227
N/A
239
+5%
253
+6%
264
+4%
270
+2%
277
+3%
290
+4%
305
+5%
317
+4%
307
-3%
277
-10%
250
-10%
245
-2%
255
+4%
294
+15%
325
+11%
345
+6%
360
+4%
367
+2%
380
+4%
384
+1%
389
+1%
391
+1%
389
0%
382
-2%
393
+3%
422
+7%
463
+10%
501
+8%
533
+6%
546
+2%
559
+2%
589
+5%
620
+5%
655
+6%
683
+4%
702
+3%
733
+4%
788
+8%
862
+9%
952
+10%
1 030
+8%
1 096
+6%
1 147
+5%
1 183
+3%
1 225
+4%
1 255
+2%
1 303
+4%
1 366
+5%
1 425
+4%
1 512
+6%
1 536
+2%
1 519
-1%
1 501
-1%
1 440
-4%
1 408
-2%
1 467
+4%
1 561
+6%
1 680
+8%
1 807
+8%
1 972
+9%
2 034
+3%
2 161
+6%
2 313
+7%
2 506
+8%
2 762
+10%
2 864
+4%
3 029
+6%
3 025
0%
2 868
-5%
3 010
+5%
3 013
+0%
3 059
+2%
3 333
+9%
3 331
0%
3 433
+3%
Gross Profit
Cost of Revenue
(112)
(121)
(126)
(128)
(128)
(130)
(135)
(142)
(135)
(125)
(111)
(97)
(102)
(106)
(118)
(129)
(137)
(142)
(144)
(150)
(151)
(151)
(153)
(153)
(152)
(158)
(167)
(179)
(187)
(198)
(204)
(209)
(222)
(234)
(247)
(262)
(272)
(290)
(314)
(338)
(371)
(398)
(421)
(444)
(462)
(475)
(483)
(504)
(532)
(564)
(604)
(604)
(591)
(573)
(546)
(537)
(558)
(585)
(622)
(673)
(741)
(775)
(830)
(876)
(930)
(1 005)
(1 026)
(1 071)
(1 057)
(1 016)
(1 090)
(1 106)
(1 143)
(1 242)
(1 242)
(1 274)
Gross Profit
116
N/A
118
+2%
127
+7%
136
+7%
141
+4%
148
+4%
155
+5%
163
+5%
182
+12%
181
0%
165
-9%
153
-7%
143
-7%
149
+4%
176
+18%
196
+11%
208
+6%
218
+5%
223
+3%
230
+3%
233
+1%
238
+2%
239
+0%
237
-1%
229
-3%
235
+2%
255
+8%
284
+11%
314
+10%
335
+7%
343
+2%
350
+2%
367
+5%
387
+5%
409
+6%
421
+3%
430
+2%
443
+3%
474
+7%
524
+11%
581
+11%
632
+9%
675
+7%
703
+4%
722
+3%
750
+4%
772
+3%
800
+4%
834
+4%
861
+3%
908
+5%
932
+3%
928
0%
928
N/A
894
-4%
871
-3%
909
+4%
976
+7%
1 058
+8%
1 134
+7%
1 230
+9%
1 258
+2%
1 330
+6%
1 436
+8%
1 577
+10%
1 758
+11%
1 839
+5%
1 959
+7%
1 967
+0%
1 851
-6%
1 919
+4%
1 906
-1%
1 916
+1%
2 091
+9%
2 089
0%
2 159
+3%
Operating Income
Operating Expenses
(64)
(69)
(73)
(80)
(87)
(88)
(93)
(96)
(97)
(110)
(115)
(111)
(112)
(105)
(107)
(116)
(124)
(134)
(142)
(148)
(160)
(169)
(170)
(169)
(166)
(172)
(184)
(205)
(227)
(240)
(255)
(257)
(269)
(279)
(298)
(315)
(328)
(353)
(373)
(400)
(432)
(446)
(465)
(482)
(509)
(532)
(551)
(569)
(583)
(612)
(650)
(667)
(656)
(656)
(621)
(602)
(615)
(641)
(671)
(723)
(780)
(788)
(838)
(866)
(931)
(1 033)
(1 107)
(1 183)
(1 186)
(1 152)
(1 224)
(1 267)
(1 336)
(1 455)
(1 448)
(1 470)
Selling, General & Administrative
(42)
(46)
(50)
(54)
(57)
(60)
(63)
(66)
(70)
(74)
(76)
(75)
(76)
(76)
(82)
(87)
(94)
(103)
(109)
(115)
(123)
(130)
(133)
(135)
(139)
(147)
(156)
(166)
(177)
(177)
(184)
(186)
(193)
(203)
(209)
(218)
(226)
(242)
(263)
(283)
(299)
(317)
(330)
(345)
(363)
(388)
(403)
(416)
(414)
(434)
(456)
(466)
(463)
(479)
(448)
(436)
(435)
(435)
(464)
(500)
(546)
(567)
(602)
(633)
(670)
(739)
(799)
(851)
(870)
(860)
(911)
(936)
(927)
(1 032)
(1 013)
(1 031)
Research & Development
(20)
(22)
(22)
(23)
(26)
(25)
(26)
(27)
(27)
(29)
(29)
(29)
(29)
(29)
(29)
(31)
(32)
(33)
(33)
(36)
(37)
(37)
(35)
(31)
(27)
(27)
(32)
(41)
(52)
(66)
(74)
(78)
(85)
(85)
(93)
(101)
(103)
(109)
(109)
(113)
(117)
(122)
(130)
(136)
(138)
(146)
(149)
(153)
(160)
(174)
(185)
(186)
(188)
(183)
(182)
(181)
(180)
0
(146)
(161)
(235)
(237)
(243)
(249)
(261)
(280)
(295)
(310)
(319)
(295)
(294)
(289)
(262)
(320)
(328)
(329)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(8)
0
0
0
(11)
0
0
0
(11)
0
0
0
(11)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(156)
0
0
0
Other Operating Expenses
(3)
(2)
(1)
(2)
(4)
(3)
(3)
(3)
0
(7)
(10)
(8)
(7)
0
5
2
2
1
1
3
(0)
(2)
(2)
(3)
(0)
2
4
2
2
2
3
7
8
9
4
4
1
(2)
(1)
(5)
(8)
(7)
(4)
(1)
2
2
2
1
2
(3)
(8)
(14)
6
6
9
15
0
(206)
(61)
(62)
1
16
7
16
(1)
(15)
(14)
(23)
4
4
(18)
(41)
9
(104)
(108)
(111)
Operating Income
52
N/A
49
-5%
54
+10%
57
+5%
55
-4%
60
+9%
62
+5%
67
+7%
85
+27%
71
-16%
50
-29%
42
-16%
31
-26%
44
+41%
69
+57%
79
+15%
84
+5%
83
0%
81
-2%
82
+1%
72
-12%
69
-5%
69
0%
67
-2%
64
-5%
63
-1%
70
+12%
79
+13%
87
+9%
94
+9%
88
-7%
93
+6%
98
+5%
108
+11%
111
+3%
105
-5%
102
-3%
90
-11%
101
+12%
124
+23%
149
+20%
186
+25%
211
+13%
221
+5%
212
-4%
218
+3%
222
+2%
231
+4%
251
+9%
249
-1%
258
+4%
265
+3%
272
+2%
272
+0%
273
+0%
269
-1%
294
+9%
335
+14%
387
+16%
411
+6%
450
+10%
471
+5%
493
+5%
571
+16%
645
+13%
725
+12%
732
+1%
776
+6%
782
+1%
699
-11%
695
-1%
639
-8%
580
-9%
636
+10%
641
+1%
689
+7%
Pre-Tax Income
Interest Income Expense
(6)
(7)
(8)
(12)
(7)
(13)
(10)
(5)
(4)
(2)
(3)
(4)
(3)
(2)
0
0
1
(1)
(1)
1
2
2
3
2
2
(0)
(2)
(3)
(5)
(6)
(9)
(11)
(12)
(11)
(13)
(14)
(14)
(15)
(9)
(8)
(10)
(8)
(13)
(15)
(17)
(27)
(28)
(26)
(20)
(13)
(10)
(7)
(22)
(15)
(13)
(16)
(17)
(8)
(12)
(7)
(0)
(2)
(0)
(12)
(50)
(22)
(28)
(19)
(39)
(35)
(88)
(131)
(127)
(171)
(137)
(118)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(25)
(22)
(22)
(26)
(1)
(3)
0
0
0
0
0
0
0
27
0
0
0
(23)
(27)
(69)
(73)
(77)
(87)
(58)
(56)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
(5)
(0)
(1)
0
0
(0)
(0)
(0)
0
0
0
0
0
0
0
(0)
(1)
(2)
(0)
(0)
0
(0)
(0)
(0)
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
(1)
(1)
1
0
1
0
(2)
0
(2)
0
(12)
(3)
0
0
Pre-Tax Income
46
N/A
42
-7%
46
+8%
45
-1%
42
-6%
47
+11%
52
+11%
62
+19%
81
+31%
70
-14%
47
-32%
38
-20%
29
-25%
42
+46%
70
+67%
80
+15%
84
+5%
83
-2%
80
-3%
83
+3%
74
-11%
71
-4%
71
+0%
69
-3%
65
-5%
63
-4%
69
+10%
76
+11%
82
+7%
88
+8%
80
-10%
83
+4%
86
+4%
97
+13%
99
+2%
92
-7%
88
-4%
75
-14%
92
+21%
116
+27%
140
+20%
179
+28%
198
+11%
206
+4%
195
-5%
191
-2%
194
+1%
205
+6%
232
+13%
236
+2%
248
+5%
233
-6%
228
-2%
235
+3%
234
0%
252
+8%
274
+9%
327
+19%
375
+15%
404
+8%
448
+11%
468
+4%
491
+5%
557
+13%
623
+12%
701
+13%
704
+0%
756
+7%
717
-5%
637
-11%
536
-16%
434
-19%
364
-16%
374
+3%
443
+18%
512
+16%
Net Income
Tax Provision
(12)
(11)
(14)
(13)
(13)
(14)
(15)
(18)
(22)
(19)
(12)
(9)
(8)
(11)
(19)
(22)
(22)
(22)
(21)
(22)
(20)
(19)
(19)
(19)
(13)
(12)
(12)
(13)
(19)
(21)
(18)
(19)
(23)
(26)
(27)
(26)
(27)
(25)
(30)
(38)
(39)
(50)
(56)
(58)
(52)
(51)
(51)
(55)
(61)
(62)
(64)
(54)
(23)
(23)
(20)
(21)
(54)
(60)
(64)
(71)
(86)
(87)
(99)
(114)
(116)
(133)
(129)
(144)
(147)
(134)
(115)
(91)
(55)
(57)
(76)
(76)
Income from Continuing Operations
33
31
32
32
30
33
37
44
59
51
36
29
21
30
51
58
62
61
59
61
54
52
52
50
52
51
56
63
63
68
61
63
63
71
72
66
60
51
62
78
100
128
143
148
143
140
142
150
171
174
184
179
205
212
214
231
220
267
311
333
362
381
392
443
508
569
576
613
571
504
422
344
310
318
368
437
Income to Minority Interest
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
0
(1)
(1)
(1)
(1)
(1)
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
5
6
3
0
(8)
(9)
(8)
(4)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
33
N/A
30
-8%
31
+3%
31
0%
29
-5%
32
+9%
36
+12%
42
+19%
57
+35%
50
-13%
35
-30%
29
-17%
20
-31%
30
+47%
50
+68%
57
+15%
60
+6%
60
-1%
58
-3%
61
+4%
54
-11%
52
-4%
52
+0%
50
-3%
52
+4%
51
-2%
56
+10%
63
+12%
63
0%
68
+8%
61
-10%
63
+4%
63
0%
71
+12%
72
+2%
66
-8%
60
-9%
51
-16%
62
+21%
78
+27%
100
+28%
128
+28%
143
+11%
148
+4%
143
-4%
139
-2%
141
+1%
150
+6%
171
+14%
176
+3%
185
+5%
180
-3%
206
+14%
213
+3%
220
+3%
236
+7%
223
-5%
266
+19%
302
+14%
324
+7%
355
+9%
377
+6%
392
+4%
443
+13%
508
+15%
568
+12%
575
+1%
612
+6%
571
-7%
506
-11%
424
-16%
347
-18%
310
-11%
319
+3%
369
+16%
438
+19%
EPS (Diluted)
0.78
N/A
0.7
-10%
0.72
+3%
0.67
-7%
0.66
-1%
0.73
+11%
0.8
+10%
0.95
+19%
1.29
+36%
1.12
-13%
0.82
-27%
0.66
-20%
0.45
-32%
0.67
+49%
1.12
+67%
1.28
+14%
1.35
+5%
1.34
-1%
1.31
-2%
1.37
+5%
1.21
-12%
1.17
-3%
1.17
N/A
1.12
-4%
1.16
+4%
1.13
-3%
1.24
+10%
1.39
+12%
1.39
N/A
1.5
+8%
1.36
-9%
1.41
+4%
1.4
-1%
1.57
+12%
1.59
+1%
1.46
-8%
1.33
-9%
1.09
-18%
1.31
+20%
1.68
+28%
2.15
+28%
2.73
+27%
3.04
+11%
3.16
+4%
3.05
-3%
2.99
-2%
3.03
+1%
3.23
+7%
3.65
+13%
3.78
+4%
3.97
+5%
3.86
-3%
4.4
+14%
4.57
+4%
4.72
+3%
5.06
+7%
4.77
-6%
5.69
+19%
6.46
+14%
6.94
+7%
7.57
+9%
8.07
+7%
8.43
+4%
9.49
+13%
10.85
+14%
12.17
+12%
12.31
+1%
13.11
+6%
12.19
-7%
10.83
-11%
8.74
-19%
6.9
-21%
6.34
-8%
6.35
+0%
7.35
+16%
8.72
+19%

See Also

Summary
HMNKF intrinsic value, competitors valuation, and company profile.
DCF Valuation
HMNKF stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HMNKF stock valuation using valuation multiples.
Wall Street Estimates
HMNKF price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HMNKF stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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