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← CockpitCompetitor Analysis › KAMBI.ST Kambi Group plc Class BOpen in the cockpit ↗

Kambi Group plc Class BKAMBI.STCompetitor analysis, valuation and peers

Sweden · SEK·Information Technology›Packaged Software
Momentum laggard 13
Mkt cap
$398M
US dollars, full cap
Free float
69%
of shares outstanding
$/day
$1.40M
20-day average traded
Fwd P/E
19.1×
forward earnings
ROIC−WACC
+1.6 pp
WACC 6.7%
Hurdle
-2 pp
Req g minus delivered
Next earnings
103 days
17 Feb 2027
Close · SEKSEK 146.20
1D+2.2%
1W-3.9%
1M-8.8%
3M-20.3%
6M0.0%
YTD+7.5%
1Y+36.4%
ATR %4.2%
52w lowhigh22.7% off high

What Kambi does

Employees: 1,050

Kambi at a glance

Size Kambi (KAMBI.ST) is a Sweden Information Technology company (Packaged Software) with a market value of $398M, the 201st largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 146.20 on 6 Nov 2026.

Performance Over six months the shares was unchanged, against -10.1% for the median peer and +8.2% for the Sweden market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue fell 10.2% over the last twelve months (peer median +12.7%); the operating margin is 8.8% (peer median 13.1%).

Valuation It trades at 19.1× forward earnings against a peer median of 26.1× (5th cheapest of 10).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.6 points above its cost of capital (6.7% WACC).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026KAMBI.ST 97Peer median 90
Six months, rebased to 100: Kambi against the median of its 20 peers (local-currency closes).

Kambi financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 1.79BSEK 1.79BSEK 2.02BSEK 1.99BSEK 1.77B
Revenue growth—-11%+1%+13%—
Gross profitSEK 992MSEK 1.45Bn/an/an/a
EBITDASEK 281MSEK 263MSEK 367MSEK 676MSEK 660M
Net incomeSEK 90.7MSEK 75.4MSEK 177MSEK 171MSEK 281M
Free cash flowSEK 354MSEK 330MSEK 597MSEK 527MSEK 484M
Capital expenditureSEK 319MSEK 308MSEK 337MSEK 358MSEK 302M
Total debtSEK 115MSEK 54.0MSEK 109MSEK 145MSEK 233M

Quarterly statements and history in the cockpit →

Kambi competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%166AAYAABXX9790NPST001220441930005237333962API7781390542596882296886579928300807EOL1675KAMBI.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Kambi is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×20×30×979044193733API42596886579928EOL1675KAMBI.STRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kambi is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%97900012203733396242596886579928300807EOL1675KAMBI.STGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Kambi is the large dot.

Kambi competitors and peer comparison

How Kambi compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kambi against its 20 peers (data as of 6 Nov 2026)
MeasureKAMBI.STPeer medianRank in peer set
1-month return-8.8%-7.9%11th highest of 21
6-month return0.0%-10.1%8th highest of 21
Distance from 52-week high-22.7%-36.4%5th highest of 21
Revenue growth (TTM)-10.2%+12.7%6th lowest of 21
Operating margin8.8%13.1%10th lowest of 21
Forward P/E19.1×26.1×5th cheapest of 10
Growth the price implies (Req g, 7 yrs)6.1%-5.9%5th most demanding of 11
Growth delivered (Del g)+7.7%+9.8%6th highest of 11
Hurdle (Req g minus delivered)-1.6 pp-8.1 pp5th most demanding of 11
ROIC minus cost of capital+1.6 pp+4.1 pp8th lowest of 19
EV / EBITDA13.1×8.0×5th most expensive of 11
Net debt / EBITDA-0.8×-1.3×5th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Kambi KAMBI.STSweden$398M0%-10%9%19.1×6.1%+7.7%
TASUKI 166A.TJapan$398M+27%+45%14%n/an/an/a
Artrya AYA.AXAustralia$397M-27%0%-97,479%n/an/an/a
Abaxx Technologies ABXX.TOCanada$396M-72%+304%-2,744%n/an/an/a
Fukui Computer 9790.TJapan$393M-9%+10%43%12.2×-17.7%+5.3%
Network People Services Technologies NPST.NSIndia$392M+44%+47%20%n/an/an/a
Shimeng Supply Chain Management 001220.SZChina$392M-29%-17%16%n/a-0.1%+1.9%
Finatext 4419.TJapan$392M+6%+44%16%26.1×n/an/a
Shenzhen ZQgame 300052.SZChina$391M-15%-18%-17%n/an/an/a
Software Service 3733.TJapan$389M0%+23%17%9.0×-13.3%+15.6%
CHANGE Holdings,Inc 3962.TJapan$407M-3%+12%20%n/a-13.0%+38.0%
Agora, Inc. Sponsored ADR APIUnited States$408M-2%+14%-5%29.5×n/an/a
TPIsoftware 7781.TWOTaiwan$386M-32%-16%-32%n/an/an/a
Datasection 3905.TJapan$384M+6%+1,178%22%n/an/an/a
ExaWizards 4259.TJapan$384M-11%+28%13%30.9×40.9%+35.6%
Bonree Data Technology 688229.SSChina$382M-33%-21%-93%n/an/an/a
Gstarsoft 688657.SSChina$415M-19%+17%8%37.4×28.1%+12.1%
Miroku Jyoho Service 9928.TJapan$382M+27%+6%15%13.4×-11.7%+7.5%
Zhengzhou Tiamaes Technology 300807.SZChina$379M-45%-28%-19%n/a44.1%-5.8%
Energy One EOL.AXAustralia$379M+3%+14%17%29.5×18.7%+20.3%
AsiaInfo Technologies 1675.HKHong Kong$379M-49%-3%-3%6.2×-13.9%+0.2%

Questions

Which companies are Kambi's closest peers?
The cockpit's peer set: TASUKI (166A.T), Artrya (AYA.AX), Abaxx Technologies (ABXX.TO), Fukui Computer (9790.T), Network People Services Technologies (NPST.NS), Shimeng Supply Chain Management (001220.SZ), Finatext (4419.T), Shenzhen ZQgame (300052.SZ).
Is Kambi expensive compared with its peers?
On forward p/e it trades at 19.1× against a peer median of 26.1×, 5th cheapest of 10 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has Kambi stock performed?
Over six months to 6 Nov 2026 the shares returned 0.0% against -10.1% for the median peer; over one year +36.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.