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Prevas AB

PREV-B.ST

Information Technology Services · Technology

Price

kr 75.20

+0.40 (+0.53%)

Market Cap

kr 937.2M

Exchange

Stockholm Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Winston Score between 40 and 70. The stock passes some quality checks but not all.

Prevas AB is a Swedish technology consulting firm that helps industrial companies design and build smarter products and systems. Its core services include embedded software development, product development engineering, and IT infrastructure support, sold mainly to manufacturers in sectors like defense, medical devices, automotive, and energy. The company operates almost entirely in Sweden and is one of the larger independent engineering consultancies in the Nordic region.

Prevas earns money by billing clients for hours worked by its engineers and technical consultants, making revenue closely tied to headcount and utilization rates. With around 1,000 employees spread across multiple Swedish offices, the business benefits from long-term client relationships and deep technical specialization in regulated industries, which are hard for generalist competitors to enter quickly. The main risk is that demand for external consultants tends to fall sharply when industrial customers cut budgets during economic downturns, making Prevas sensitive to the health of Swedish manufacturing.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-10.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

47.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$10M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Prevas AB's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

7.5%

Thin — 7.5% gross margin

Operating Margin

7.5%

Modest — 7.5% operating margin

ROCE

3.4%

Weak — 3.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+0.7%

Nearly flat sales (0.7% YoY)

EPS YoY

-16.1%

Earnings shrinking (-16.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

179%

Turns 179% of profit into real cash

FCF Margin

7.2%

Modest free cash flow (7.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.40

Conservative — low debt load (0.40)

Interest Cover

8.07x

Comfortably covers interest (8.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio

15.5x

Fair value — P/E 15.5

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

+5.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (15.5 → 9.7)

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Dividends

Dividend Yield

5.28%

Healthy income — 5.28% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

+130.8%

Dividend growing fast (130.8% YoY)

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