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Why SkiStar stock moves

SkiStar rose, moving against a slightly weaker market.

Written after the close on ·

Why today

15,876 news analyzed today

SkiStar rose, moving against a slightly weaker market.

No company news from the last session explains the move.

Over the last five trading days it rose very sharply, far more than the market.

Earlier news was routine: an annual general meeting notice, and insider share purchases by executives.

The most likely drivers are general buying interest and sector sentiment, not a specific company event.

Today's move of +2.76% was 3.3 times a normal day's 0.8%. OMX Stockholm 30 moved −0.32% on the same day.

SkiStar +2.76%OMX Stockholm 30 −0.32%Against the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for SkiStar.

SkiStar earned more than expected in 4 out of 8 reports.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 7 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 3Hold 0Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 197.70 SEK

Price targets
Low 180Average 193High 205

The average target is 193.33 SEK, −2% relative to the latest price of 197.70 SEK. The range is 180.00 SEK–205.00 SEK. A target is the analyst’s estimate of a future share price. 3 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction-8.2-2.13.99.916.02024-12-19: -5.26; Expected EPS: -5.1519/12’24−1.6%2025-03-19: 11.84; Expected EPS: 11.2019/3’25+2.9%2025-06-19: 3.82; Expected EPS: 3.8719/6’25−2.0%2025-10-01: -3.35; Expected EPS: -3.621/10’25−4.8%2025-12-18: -5.04; Expected EPS: -5.0018/12’25−0.8%2026-03-18: 12.48; Expected EPS: 13.2018/3’26−5.4%2026-06-18: 3.43; Expected EPS: 2.9018/6’26+9.1%2026-09-30: -2.87; Expected EPS: -3.1030/9’26+3.3%Next reported quarter: expected earnings per share of -5.20.→18/12

Expected EPSAbove estimateBelow estimateAs expectedSEK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of -5.20 SEK (December 18). For the current fiscal year, expected earnings per share changed from 9.32 SEK three months ago to 9.46 SEK now. 2027 estimate: 9.46 SEK. 2028 estimate: 9.79 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 30: Buy about 200 thousand SEK. October 28: Buy about 400 thousand SEK. October 27: Buy about 250 thousand SEK. October 26: Buy about 264 thousand SEK. October 16: Buy about 86 thousand SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 1 out of 2 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −4% and earnings per share +0%.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)0611172023: 4.282023: 0.4120232024: 4.682024: 0.4720242025: 4.572025: 0.5520252026: 4.952026: 0.632026Now2027: 5.3320272028: 5.4620282023: 9.1592024: 12.77132025: 12.31122026: 12.7313Now: 15.4915

RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK

Market cap is 3.1 times 2026 revenue, against 2.1 in 2023. Profit in 2026: 627 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)0611172023: 8.732023: 5.2820232024: 8.682024: 5.0320242025: 8.762025: 4.8020252026: 9.132026: 4.622026Now2023: 9.1592024: 12.77132025: 12.31122026: 12.7313Now: 15.4915

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 4.5 bn SEK for shareholders. Market cap is 3.4 times that equity.

Price and earnings moved in the same direction: 1 out of 2 years.Market cap (Now): 15.5 bn SEKRevenue 2026: 5.0 bn SEK

What the key figures say about SkiStar

The figures connect what SkiStar earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share8.01 SEK
NowEarnings per share2023: 5.28232024: 7.05242025: 7.0525262027: 9.46272028: 9.79282023: 116.802024: 162.902025: 157.002026: 162.40

Profit divided by the number of shares. Each share represents this much of the earnings.

2023–2026: 5.28 SEK–7.05 SEK. Peers: New Wave Group 6.05 SEK, Betsson 9.00 SEK, Lucid Group -$13.71. 2027 estimate: 9.46 SEK (9.16 SEK–9.72 SEK). 2028 estimate: 9.79 SEK (9.42 SEK–10.20 SEK).

Revenue5.0 bn SEK
NowRevenue2023: 4,281,497,000.00232024: 4,679,385,000.00242025: 4,574,000,000.00252026: 4,954,000,000.00262027: 5,329,333,330.00272028: 5,462,000,000.00282023: 116.802024: 162.902025: 157.002026: 162.40

What the company sold during the year.

2023–2026: 4.3 bn SEK–5.0 bn SEK. Peers: New Wave Group 10.5 bn SEK, Betsson 1.2 bn EUR, Lucid Group $1.5B. 2027 estimate: 5.3 bn SEK (5.3 bn SEK–5.4 bn SEK). 2028 estimate: 5.5 bn SEK (5.4 bn SEK–5.5 bn SEK).

Operating margin17.0%
NowOperating margin2023: 14.03232024: 16.25242025: 16.05252026: 17.02262023: 116.802024: 162.902025: 157.002026: 162.40

The percentage of revenue left after the costs of running the business.

2023–2026: 14.0%–17.0%. Peers: New Wave Group 10.8%, Betsson 14.3%, Lucid Group −259.0%.

Return on equity14.8%
NowReturn on equity2023: 11.98232024: 12.95242025: 13.96252026: 13.89262023: 116.802024: 162.902025: 157.002026: 162.40

Profit as a percentage of shareholders’ money in the company.

2023–2026: 12.0%–14.0%. Peers: New Wave Group 11.8%, Betsson 13.7%, Lucid Group −126.0%.

P/E24.7
NowP/E2023: 22.12232024: 23.11242025: 22.2725262027: 20.90272028: 20.1928

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2023–2026: 22.1–23.1. Peers: New Wave Group 16.6, Betsson 10.9. 2027 estimate: 20.9. 2028 estimate: 20.2.

Market cap per unit of revenue (P/S)3.11
NowMarket cap per unit of revenue (P/S)2023: 2.14232024: 2.73242025: 2.69252026: 2.57262027: 2.91272028: 2.8428

What investors pay for each unit the company sells.

2023–2026: 2.14–2.73. Peers: New Wave Group 1.27, Lucid Group 0.83. 2027 estimate: 2.91. 2028 estimate: 2.84.

Dividend per share3.00 SEK
NowDividend per share2017: 2.75172018: 3.50182019: 3.50192020: 0.00202021: 1.50212022: 3.00222023: 2.60232024: 2.80242025: 3.0025

Money paid to shareholders per share, summed by calendar year.

2017–2025: 0.00 SEK–3.50 SEK.

Dividend yield1.8%
NowDividend yield2023: 2.23232024: 1.72242025: 1.91252026: 0.0026

The ordinary yearly dividend as a percentage of the share price.

2023–2026: 0.0%–2.2%. Peers: New Wave Group 3.0%, Betsson 7.4%, Lucid Group 0.0%.

Net debt / EBITDA2.43
NowNet debt / EBITDA2023: 3.82232024: 3.19242025: 2.87252026: 2.4326

Net debt divided by operating earnings before depreciation and amortisation.

2023–2026: 2.43–3.82. Peers: New Wave Group 2.71, Betsson -0.45.

More key figures
Market cap / equity (P/B)3.43
NowMarket cap / equity (P/B)2023: 2.65232024: 3.49242025: 3.11252026: 2.8226

Market cap divided by shareholders’ equity, what remains after liabilities.

2023–2026: 2.65–3.49. Peers: New Wave Group 1.91.

EV / EBIT19.2
2026EV / EBIT2023: 21.31232024: 23.27242025: 21.82252026: 19.2226

Market cap plus net debt, divided by operating earnings. This includes debt.

2023–2026: 19.2–23.3.

Free cash flow per share7.59 SEK
NowFree cash flow per share2023: -1.77232024: 6.89242025: 6.83252026: 7.59262023: 116.802024: 162.902025: 157.002026: 162.40

Cash left after investments, divided by the number of shares.

2023–2026: -1.77 SEK–7.59 SEK. Peers: New Wave Group 0.07 SEK, Betsson 0.91 EUR, Lucid Group -$13.10.

Equity ratio49.4%
2026Equity ratio2023: 39.57232024: 42.11242025: 45.22252026: 49.4226

The percentage of assets financed by shareholders’ equity.

2023–2026: 39.6%–49.4%.

The dividend explained

A dividend is money paid to shareholders. SkiStar paid 3.00 SEK per share in the twelve months through November 5, 2026.

On the ex-dividend day, December 15, 2025, SkiStar traded without the right to the 3.00 SEK dividend. The price went from 173.50 SEK to 171.60 SEK; including the dividend, the day's change was +0.6%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2016: 2.25 SEK2017: 2.75 SEK2018: 3.50 SEK2019: 3.50 SEK2020: 0.00 SEK2021: 1.50 SEK2022: 3.00 SEK2023: 2.60 SEK2024: 2.80 SEK2025: 3.00 SEK

What to watch next, and why

From the ex-day, SkiStar trades without entitlement to the next dividend.

  • The dividend explained

    From the ex-day, SkiStar trades without entitlement to the next dividend.

  • Earnings report

    The earnings report shows how SkiStar's revenue and profit have changed.

    Add to calendar
More about SkiStar

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Henrik Lundmark, senior executiveBuyabout 200 thousand SEK
  • Lina Victoria Gabrielson, senior executiveBuyabout 400 thousand SEK
  • Sofie Arnell, senior executiveBuyabout 250 thousand SEK
  • Sara Jinnerot Uggelberg, CFOBuyabout 264 thousand SEK
  • Gunilla Rudebjer Blomqvist, board memberBuyabout 86 thousand SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day2.9%

Normal day0.8%

On its last 15 report days SkiStar usually moved about 2.9%. On a normal day it moves 0.8%.

+3.34% +9.10% +0.34% −5.39%

10,000 SEK in SkiStar bought on November 7, 2016 is worth 35,900 SEK today, with dividends reinvested.

What would 10,000 SEK in SkiStar be worth today? →

What would 10,000 SEK in SkiStar be worth today?

35,900 SEK

with dividends reinvested, bought on November 7, 2016.

The five biggest days of the journey

· −14.4% · the whole market fell 10.6% the same day

· +11.9% · the whole market rose 7.1% the same day

· +11.8% · the whole market rose 0.5% the same day

· −11.0% · the whole market fell 0.1% the same day

· +9.3% · the whole market rose 0.5% the same day · report day

Earlier days

  • +6.35% market −0.11% SkiStar rose very sharply over the last five trading days, while the Stockholm market was roughly flat. Read →

    SkiStar rose very sharply over the last five trading days, while the Stockholm market was roughly flat.

    This is a very big move for the stock, rare in the past year.

    Likely drivers were company announcements rather than market moves: the annual general meeting notice on 4 November, and insider share purchases by executives including the property director and CFO in late October and early November.

    Shares also traded at a high volume in the last session, when the stock rose slightly against a falling market.

  • +1.48% market +0.83% SkiStar rose that day, moving more with the market than usual. Read →

    SkiStar rose that day, moving more with the market than usual.

    OMX Stockholm 30 also rose clearly, so the move was largely in line with the market.

    No company news explains the move; the only fresh item is the annual general meeting notice on December 12.

    Over five trading days SkiStar rose sharply, well above the market's slight gain, and it sits near its one-year high.

    Heavy trading, about twice a normal session, shows strong interest.

  • +1.72% market +0.48% SkiStar rose, moving well apart from the market. Read →

    SkiStar rose, moving well apart from the market.

    No company news explains the move.

    Over the last five trading days, the stock rose very sharply, far more than OMX Stockholm 30.

    The most likely driver is investor interest after a long run, with the share now near its one-year high.

    Trading volume was well above its usual level.

  • +1.25% market −0.29% SkiStar rose, moving against a slightly weaker OMX Stockholm 30. Read →

    SkiStar rose, moving against a slightly weaker OMX Stockholm 30.

    No company news explains the move.

    Over the last five trading days SkiStar rose sharply, far more than the market, a very big move for the stock.

    Insider share purchases by executives earlier this week are background, not the cause.

    Trading was well below its usual level, and the shares sit near their one-year high.

  • +5.39% market +3.01% SkiStar, the Swedish ski resort operator listed on Nasdaq Stockholm, rose sharply over the week's trading days, clearly outperforming the broader Stockholm market. Read →

    SkiStar, the Swedish ski resort operator listed on Nasdaq Stockholm, rose sharply over the week's trading days, clearly outperforming the broader Stockholm market.

    The move was very big for the stock, roughly three times a normal five-day swing, and such moves have happened only about five times in the past year.

    Insider buying by company executives, including the CEO, CFO and chief legal counsel, likely supported sentiment during the week.

    Share purchases by insiders signal confidence in the company's outlook.

  • +1.61% market +0.33% SkiStar rose sharply; no company news explains it. Read →

    SkiStar rose sharply; no company news explains it.

    SkiStar rose sharply in the last trading day, much more than the Stockholm market, which rose only slightly.

    Trading volume was roughly double a normal session, so the move drew heavy interest.

    The only news from that day concerns a local debate about work on the Trysilelva river, and it does not clearly explain a rise.

    Earlier this week, insiders including the chief legal officer and the finance chief bought shares for small amounts, and over the last five trading days the stock rose sharply, while peers fell slightly.

  • +1.29% market +0.96% SkiStar rose with the market. Read →

    SkiStar rose with the market.

    Over the same day the OMX Stockholm 30 rose clearly too, so SkiStar moved in line with the market.

    Over the last five trading days SkiStar rose clearly while the market was roughly flat.

    The most likely driver is broad market buying, not company news.

  • +1.64% market +1.57% SkiStar rose, in line with a strong market. Read →

    SkiStar rose, in line with a strong market.

    No company news from that session explains the move.

    Over the last five trading days, SkiStar rose clearly while the OMX Stockholm 30 fell slightly, so it moved against the market.

    Recent news covers a new train-and-bus trip to Sälen with SJ, electric snow groomers, and a new chief executive.

    Trading volume was well below its usual level, so the rise came on thin trading.

  • −0.45% market +0.41% SkiStar fell slightly, moving against a market that rose slightly. Read →

    SkiStar fell slightly, moving against a market that rose slightly.

    No company news explains it.

    Over the last five trading days SkiStar rose slightly while OMX Stockholm 30 fell sharply.

    The move was an ordinary one for SkiStar.

    Trading was well below its usual level, so the move may partly reflect thin trading.

  • +1.09% market −3.67% SkiStar edged up over the last five trading days, moving against a sharp fall in the broader Stockholm market. Read →

    SkiStar edged up over the last five trading days, moving against a sharp fall in the broader Stockholm market.

    The move was ordinary in size, and the stock sits near its highest level of the past year.

    Likely drivers were company news: a test of a combined train and bus trip to Sälen with SJ, and plans for electric piste machines expected to pay off within four seasons.

    Trading was well below its usual level.

  • +0.00% market +0.17% SkiStar's shares were roughly unchanged, while the market was flat. Read →

    SkiStar's shares were roughly unchanged, while the market was flat.

    No company news clearly explains the move, which was an ordinary day for the stock.

    Over the last five trading days SkiStar rose clearly while OMX Stockholm 30 fell slightly.

    Trading was well below its usual level.

    The stock sits near its highest close of the past year.

  • +0.28% market −0.89% SkiStar rose slightly with no company news explaining it. Read →

    SkiStar rose slightly with no company news explaining it.

    Over the last five trading days SkiStar rose sharply while OMX Stockholm 30 fell slightly, so it moved against the market.

    The move is large for SkiStar, roughly three times a normal five-day stretch, with similar moves about eight times in the past year.

    Earlier news included a board member buying shares and a dividend increase, which were known before the session and do not explain its move.

    The next earnings report is due on Friday 18 December.

  • +2.17% market +1.25% SkiStar rose sharply, outpacing a modestly higher OMX Stockholm 30 over the same days. Read →

    SkiStar rose sharply, outpacing a modestly higher OMX Stockholm 30 over the same days.

    The most visible company news in the session was that SkiStar will not add a fourth platform for its EQPE tool and will keep Brink Commerce, with NoA Ignite as a new partner, which may have reassured investors about its digital setup.

    Earlier in the week, the ski resort operator put up a temporary ski bridge again, a routine seasonal item that is unlikely to move the stock much.

    Over the last five trading days, SkiStar rose sharply, mainly on the back of a dividend increase and higher investment plans that drew attention to the stock as possibly still undervalued, a higher dividend typically pulling in income-focused buyers.

  • +0.00% market −0.62% SkiStar, a Swedish ski resort operator, was roughly flat. Read →

    SkiStar, a Swedish ski resort operator, was roughly flat.

    No company news arrived that day, so there was no clear trigger, and the stock stayed largely unchanged while the market dipped slightly.

    Over the last five trading days the shares rose sharply, outpacing a clearly higher OMX Stockholm 30.

    That gain is likely linked to earlier news: a higher dividend proposal and raised investment plans, which investors seemed to welcome as a sign of confidence in cash flow.

    The next earnings report is due on 18 December 2026.

  • +0.85% market +0.36% SkiStar rose clearly as its raised dividend and investment plans landed. Read →

    SkiStar rose clearly as its raised dividend and investment plans landed.

    Over the last five trading days SkiStar rose slightly while the OMX Stockholm 30 was roughly unchanged, so it outpaced the market.

    The likely driver was the higher dividend and earnings proposal, which investors read as a sign of confidence in the coming winter season, helped by continued strong demand for ski trips and fossil-free travel offers to Trysil and Hemsedal.

    Watch the mid-December earnings report for confirmation.

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