Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
B3 Consulting Group AB (publ) is a Sweden-based consultancy firm specializing in IT services and management consulting. Founded in 2003 as B3IT Management AB and rebranded in 2018, it supports digital transformation for leading companies through expertise in banking, finance, insurance, business intelligence, databases, cloud services, healthcare, infrastructure, system development, and telecommunications. The firm offers comprehensive solutions including intranet development, data migration, outsourcing, and cybersecurity via subsidiaries like B3 Secure and Sentensia Q AB. Headquartered in Stockholm with approximately 1,000 employees across Sweden, Norway, Poland, and other regions, B3 emphasizes innovation, diversity, and employee satisfaction, achieving 84% in 2025. Organized into business areas such as Digital Management, Digital Experience & Solutions, and Cloud & Technology Platforms, it drives business development in key sectors while maintaining a strong track record of framework agreements and awards like IT Consultant Company of the Year. B3 Consulting Group AB plays a vital role in the Nordic IT consulting market, fostering sustainable growth and technological advancement.
kr 1.84
kr 0.05 (-2.90%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 3.99%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 7.1%, steady but not accelerating.
Net debt of kr 265M represents 7.5x FCF, leverage limits flexibility.
17.0x earnings, 5.3x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 1.21B
▲ +7.1% YoY
Net Income (TTM)
kr 15M
▼ -83.0% YoY
Op. Margin
3.99%
▲ +1.7pp YoY
ROIC
5.07%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 35M
▲ +279.6% YoY
Op. Cash Flow (TTM)
kr 36M
▲ +458.4% YoY
Net Debt
kr 265M
Cash & Equiv.
kr 64M
3Y CAGR: +1.7%
3Y CAGR: -38.4%
Continue Research
At a P/E of 17.0 and a price-to-free-cash-flow of 5.3, B3 Consulting Group AB (publ) (B3.XSTO) trades below a two-stage DCF intrinsic value of about SEK 37.86 per share, so at SEK 1.84 the stock looks undervalued (1,957.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, B3 Consulting Group AB (publ) scores 27/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 37.86 per share for B3.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 28.40. At today's SEK 1.84, that puts the stock about 1,957.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
B3 Consulting Group AB (publ) scores 27 out of 100 on Intrinsiqq's quality score, passing 2 of 8 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 4.0% operating margin and a 5.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. B3.XSTO currently trades below its estimated intrinsic value and scores 27/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.