AcadeMedia AB
Buy, Hold or Sell?

Let's analyse Academedia together

Penke I guess you are interested in AcadeMedia AB. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of AcadeMedia AB. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Academedia (30 sec.)

What can you expect buying and holding a share of Academedia? (30 sec.)

What is your share worth?

Current worth

kr0.00

Expected worth in 1 year

kr0.00

How sure are you?

+ What do you gain per year?

Total Gains per Share

kr0.00

Return On Investment

0.0%

For what price can you sell your share?

Current Price per Share

kr48.10

Expected price per share

kr46.25 - kr51.73

How sure are you?

50%

1. Valuation of Academedia (5 min.)

Live pricePrice per Share (EOD)

kr48.10

Book Value per Share

kr0.00

2. Growth of Academedia (5 min.)

Is Academedia growing?

	Current year	Previous year	Grow	Grow %
How rich?	$484.9m	$484.9m	0.00	0.0%

How much money is Academedia making?

	Current year	Previous year	Grow	Grow %
Making money	$52.7m	$55.1m	-$2.4m	-4.7%
Net Profit Margin	0.0%	0.0%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Academedia (5 min.)

What can you expect buying and holding a share of Academedia? (5 min.)

Welcome investor! Academedia's management wants to use your money to grow the business. In return you get a share of Academedia.

What can you expect buying and holding a share of Academedia?

First you should know what it really means to hold a share of Academedia. And how you can make/lose money.

Speculation

The Price per Share of Academedia is kr48.10. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Academedia.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Academedia, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr0.00.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash.

Based on historical numbers we can estimate the returns while holding a share of Academedia.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	kr	% of Price per Share	kr	% of Price per Share	kr	% of Price per Share	kr	% of Price per Share	kr	% of Price per Share
Usd Eps	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Book Value Change Per Share
Usd Dividend Per Share
Usd Total Gains Per Share
Usd Price Per Share	4.56	-	4.56	-	4.12	-	5.30	-	5.17	-
Price to Earnings Ratio	0.00	-	0.00	-	0.00	-	0.00	-	0.00	-
Price-to-Total Gains Ratio
Price to Book Ratio	0.00	-	0.00	-	0.00	-	0.00	-	0.00	-
Price-to-Total Gains Ratio

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	4.38672
Number of shares	227

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	-	-
Usd Book Value Change Per Share	-	-
Usd Total Gains Per Share	-	-
Gains per Quarter (227 shares)	-	-
Gains per Year (227 shares)	-	-

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	-	-	-10	-	-	-10
2	-	-	-10	-	-	-10
3	-	-	-10	-	-	-10
4	-	-	-10	-	-	-10
5	-	-	-10	-	-	-10
6	-	-	-10	-	-	-10
7	-	-	-10	-	-	-10
8	-	-	-10	-	-	-10
9	-	-	-10	-	-	-10
10	-	-	-10	-	-	-10

Fundamentals of Academedia

About AcadeMedia AB

https://www.academedia.se
19400
Adolf Fredriks Kyrkogata 2, Stockholm, Sweden, 111 37
Google Maps Bing Maps

AcadeMedia AB (publ) operates as an independent education provider in Sweden, Norway, the Netherlands, and Germany. It operates through Preschool, Compulsory School, Upper Secondary School, and Adult Education segments. The company operates preschools, primary schools, upper secondary schools, and adult education units. AcadeMedia AB (publ) was founded in 1898 and is headquartered in Stockholm, Sweden.

Fundamental data was last updated by Penke on 2024-04-17 23:51:05.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry

Liquidity Details

	Compared to previous year	Compared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry

1.1. Profitability of AcadeMedia AB.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Academedia earns for each kr1 of revenue.

Above 10% is considered healthy but always compare Academedia to the industry mean.
A Net Profit Margin of 0.0% means that kr0.00 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of AcadeMedia AB:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	2.3%	-2.3%
5Y	2.3%	10Y	2.9%	-0.5%

Measures how much net profit Academedia earns for each kr1 of revenue.

Revenue is the amount of profit Academedia generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you kr3. The company does not earn kr3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is kr1.5.

The kr3 you pay for a cup of coffee is called revenue.
The kr1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Academedia earns for each kr1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Academedia to the industry mean.
Can be used to compare companies within the industry.

You typically want a high profit margin. This means that for each kr1 in sales, Academedia makes more profit. This shows the investor how efficiently Academedia is operating in general and compared to other companies in the same industry. Academedia operates in the industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Academedia. If profit margins remain low (compared to the industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Academedia is 0.00. This means that Academedia earned kr0.00 for each kr1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Academedia with other companies in the same industry ().
Net profit margin should rise over the years.
Can be influenced when Academedia sells assets (profit will increase while costs remain the same).
It won’t show what part of Academedia is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Academedia

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Academedia = 0
Total revenue MRQ Academedia = 0
kr0 / kr0 = 0.00 or 0.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Academedia is using its assets to generate profit.

Above 5% is considered healthy but always compare Academedia to the industry mean.
3.3% Return on Assets means that Academedia generated kr0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of AcadeMedia AB:

The MRQ is 3.3%. Using its assets, the company is less efficient in making profit.
The TTM is 3.3%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.3%	TTM	3.3%	0.0%
TTM	3.3%	YOY	3.5%	-0.2%
TTM	3.3%	5Y	3.4%	-0.1%
5Y	3.4%	10Y	3.9%	-0.4%

Shows how efficient Academedia is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Academedia to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Academedia is using its resources to generate profit. If the return on assets (3.3%) from Academedia are higher than the mean () that means Academedia is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Academedia is 3.3%. This means the company generated kr0.03 for each kr1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Academedia

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Academedia = 0
Total assets MRQ (balance sheet) from Academedia = 0
0 / 0 = 0.03 or 3.3%

ROA is an important ratio as it will tell you how effectively Academedia is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Academedia is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Academedia to the industry mean.
10.9% Return on Equity means Academedia generated kr0.11 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of AcadeMedia AB:

The MRQ is 10.9%. Using its investors money, the company is less efficient in making profit.
The TTM is 10.9%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	10.9%	TTM	10.9%	0.0%
TTM	10.9%	YOY	11.4%	-0.5%
TTM	10.9%	5Y	10.4%	+0.5%
5Y	10.4%	10Y	10.6%	-0.2%

Shows how efficient Academedia is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Academedia to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Academedia is 10.9%. This means Academedia generated kr0.11 for each kr1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if Academedia existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Academedia

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Academedia = 0
Shareholders equity (balance sheet) MRQ Academedia = 0
0 / 0 = 0.11 or 10.9%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of AcadeMedia AB.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Academedia is operating .

Measures how much profit Academedia makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Academedia to the industry mean.
An Operating Margin of 0.0% means the company generated kr0.00 for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of AcadeMedia AB:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.0%
TTM	-	YOY	-	0.0%
TTM	-	5Y	4.4%	-4.4%
5Y	4.4%	10Y	4.0%	+0.4%

Measures how efficient Academedia is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Academedia to the industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Academedia is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Academedia is 0.0%. This means that Academedia earned kr0.00 for each kr1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Academedia

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Academedia = 0
Total revenue MRQ Academedia = 0
kr0 / kr0 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Academedia is keeping operating costs low.

Below 1 is considered healthy (always compare to industry mean).
An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of AcadeMedia AB:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Measures how efficient Academedia is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Academedia to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Academedia is 0.0%. This means that Academedia earned kr0.00 for each kr1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Academedia

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(0 +0) \ 0 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of AcadeMedia AB.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Academedia is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to industry mean).
A Current Ratio of 0.45 means the company has kr0.45 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of AcadeMedia AB:

The MRQ is 0.454. The company is unable to pay all its short-term debts. -2
The TTM is 0.454. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.454	TTM	0.454	0.000
TTM	0.454	YOY	0.391	+0.064
TTM	0.454	5Y	0.450	+0.004
5Y	0.450	10Y	0.489	-0.039

Measures if Academedia is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Academedia if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Academedia is 0.45. This means Academedia has kr0.45 in assets for each kr1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Academedia

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,807,000 \ 3,977,000) = 0.45

The current ratio measures if Academedia is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Academedia is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Academedia does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Academedia is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Academedia is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Academedia to the industry mean.
A Quick Ratio of 0.21 means the company can pay off kr0.21 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of AcadeMedia AB:

The MRQ is 0.211. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.211. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.211	TTM	0.211	0.000
TTM	0.211	YOY	0.114	+0.097
TTM	0.211	5Y	0.295	-0.084
5Y	0.295	10Y	0.333	-0.038

1.4. Solvency of AcadeMedia AB.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Academedia assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Academedia to industry mean.
A Debt to Asset Ratio of 0.69 means that Academedia assets are financed with 69.5% credit (debt) and the remaining percentage (100% - 69.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of AcadeMedia AB:

The MRQ is 0.695. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.695. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.695	TTM	0.695	0.000
TTM	0.695	YOY	0.695	0.000
TTM	0.695	5Y	0.664	+0.030
5Y	0.664	10Y	0.633	+0.032

Measures how much % of Academedia assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Academedia than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Academedia to industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Academedia is 0.69. This means means that Academedia is financed with 69.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Academedia has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Academedia

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
0 \ 0 = 69.5% or 0.69.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Academedia is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Academedia to the industry mean.
A Debt to Equity ratio of 227.5% means that company has kr2.28 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of AcadeMedia AB:

The MRQ is 2.275. The company is just not able to pay all its debts with equity.
The TTM is 2.275. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.275	TTM	2.275	0.000
TTM	2.275	YOY	2.275	0.000
TTM	2.275	5Y	2.076	+0.199
5Y	2.076	10Y	1.837	+0.239

Measures if Academedia is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Academedia is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Academedia is 2.28. This means that Academedia can pay off kr2.28 for each kr1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Academedia

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
0 \ 0 = 2.28 or 227.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of AcadeMedia AB

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Academedia generates.

Above 15 is considered overpriced but always compare Academedia to the industry mean.
A PE ratio of 0.00 means the investor is paying kr0.00 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of AcadeMedia AB:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

Measures how much money you pay for each share for every kr1 in earnings Academedia generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Academedia to the industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Academedia is 0.00. This means the investor is paying kr0.00 for every kr1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the industry is .
What is the trend?
The trend is important because it shows you how Academedia is performing over time. The most recent quarter might be important if Academedia released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Academedia up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Academedia

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
205,000 \ 0 = EPS
PE ratio MRQ = 0.00

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of AcadeMedia AB:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Academedia is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to industry mean).
A PB ratio of 0.00 means the investor is paying kr0.00 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of AcadeMedia AB:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to
MRQ	-	TTM	-
TTM	-	YOY	-
TTM	-	5Y	-
5Y	-	10Y	-

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of AcadeMedia AB compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Current Ratio	-	-	0.454	0.454	0%	0.391	+16%	0.450	+1%	0.489	-7%
Debt To Asset Ratio	-	-	0.695	0.695	0%	0.695	0%	0.664	+5%	0.633	+10%
Debt To Equity Ratio	-	-	2.275	2.275	0%	2.275	0%	2.076	+10%	1.837	+24%
Eps	-	-	-	-	0%	-	0%	-	0%	-	0%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Market Cap	-	-	-	-	0%	-	0%	-	0%	-	0%
Net Profit Margin	-	-	-	-	0%	-	0%	0.023	-100%	0.029	-100%
Operating Margin	-	-	-	-	0%	-	0%	0.044	-100%	0.040	-100%
Operating Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Pb Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Pe Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Price Per Share	48.100	-4%	49.970	49.970	0%	45.210	+11%	58.086	-14%	56.671	-12%
Price To Free Cash Flow Ratio	-	-	-	-	0%	-	0%	-	0%	-	0%
Quick Ratio	-	-	0.211	0.211	0%	0.114	+85%	0.295	-28%	0.333	-37%
Return On Assets	-	-	0.033	0.033	0%	0.035	-4%	0.034	-4%	0.039	-14%
Return On Equity	-	-	0.109	0.109	0%	0.114	-4%	0.104	+5%	0.106	+3%
Usd Book Value	-	-	484910400.000	484910400.000	0%	484910400.000	0%	462329280.000	+5%	430620342.857	+13%
Usd Book Value Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Free Cash Flow	-	-	235113600.000	235113600.000	0%	229003200.000	+3%	184169280.000	+28%	146506285.714	+60%
Usd Market Cap	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Price Per Share	4.387	-4%	4.557	4.557	0%	4.123	+11%	5.297	-14%	5.168	-12%
Usd Profit	-	-	52713600.000	52713600.000	0%	55176000.000	-4%	48117120.000	+10%	45391542.857	+16%
Usd Revenue	-	-	-	-	0%	-	0%	680826240.000	-100%	751175314.286	-100%
	EOD	+1 -1	MRQ	TTM	+0 -0	YOY	+4 -4	5Y	+6 -8	10Y	+5 -9

3.2. Fundamental Score

Let's check the fundamental score of AcadeMedia AB based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Net Profit Margin (MRQ)	Greater than	0	0.000
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.211
Current Ratio (MRQ)	Greater than	1	0.454
Debt to Asset Ratio (MRQ)	Less than	1	0.695
Debt to Equity Ratio (MRQ)	Less than	1	2.275
Return on Equity (MRQ)	Greater than	0.15	0.109
Return on Assets (MRQ)	Greater than	0.05	0.033
Total			1/8 (12.5%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of AcadeMedia AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	48.100
Total			0/1 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in SEK. All numbers in thousands.

Summary

	As reported
Total Liabilities	0
Total Stockholder Equity	+ 0
Total Assets	= 0

Assets

Total Assets	0
Total Current Assets	1,807,000
Long-term Assets	0

Total Current Assets

Total Current Assets (as reported)	1,807,000
Net Receivables	840,000
Total Current Assets (calculated)	840,000
+/-	967,000

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	11,324,000
Long-term Assets (calculated)	11,324,000
+/-	11,324,000

Liabilities & Shareholders' Equity

Total Current Liabilities	3,977,000
Long-term Liabilities	0
Total Stockholder Equity	0

Total Current Liabilities

Total Current Liabilities (as reported)	3,977,000
Other Current Liabilities	2,501,000
Total Current Liabilities (calculated)	2,501,000
+/-	1,476,000

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long-term Liabilities (calculated)	0
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	0
Total Stockholder Equity (calculated)	0
+/-	0

Other

Net Tangible Assets	-561,000
Net Working Capital	-2,170,000

Balance Sheet

Currency in SEK. All numbers in thousands.

Trend

2023-06-30

2022-06-30

2021-06-30

2020-06-30

2019-06-30

2018-06-30

2017-06-30

> Total Assets

7,849,000
9,383,000
9,720,000
16,518,000
17,414,000
0
0

17,414,000

16,518,000

9,720,000

9,383,000

7,849,000

> Total Current Assets

1,274,000
1,560,000
1,502,000
1,232,000
1,628,000
1,840,000
1,807,000

1,807,000

1,840,000

1,628,000

1,232,000

1,502,000

1,560,000

1,274,000

Cash And Cash Equivalents

579,000
699,000
527,000
528,000
966,000
0
0

966,000

528,000

527,000

699,000

579,000

Net Receivables

288,000
531,000
628,000
596,000
339,000
537,000
840,000

840,000

537,000

339,000

596,000

628,000

531,000

288,000

Other Current Assets

1,000
8,000
0
-1,000
0
-1,000
0

-1,000

8,000

1,000

> Long-term Assets

Property Plant Equipment

1,277,000
1,599,000
1,916,000
9,060,000
9,324,000
10,348,000
11,324,000

11,324,000

10,348,000

9,324,000

9,060,000

1,916,000

1,599,000

1,277,000

Goodwill

5,073,000
5,933,000
5,983,000
5,952,000
6,205,000
0
0

6,205,000

5,952,000

5,983,000

5,933,000

5,073,000

Intangible Assets

201,000
242,000
248,000
239,000
221,000
0
0

221,000

239,000

248,000

242,000

201,000

> Total Liabilities

4,406,000
5,121,000
5,131,000
11,711,000
12,097,000
0
0

12,097,000

11,711,000

5,131,000

5,121,000

4,406,000

> Total Current Liabilities

2,092,000
2,776,000
2,621,000
3,244,000
3,591,000
4,709,000
3,977,000

3,977,000

4,709,000

3,591,000

3,244,000

2,621,000

2,776,000

2,092,000

Accounts payable

0
519,000
492,000
293,000
383,000
411,000
0

411,000

383,000

293,000

492,000

519,000

Other Current Liabilities

0
577,000
409,000
447,000
681,000
573,000
2,501,000

2,501,000

573,000

681,000

447,000

409,000

577,000

> Long-term Liabilities

Other Liabilities

0
136,000
305,000
206,000
161,000
185,000
180,000

180,000

185,000

161,000

206,000

305,000

136,000

> Total Stockholder Equity

3,443,000
4,262,000
4,589,000
4,807,000
5,317,000
0
0

5,317,000

4,807,000

4,589,000

4,262,000

3,443,000

Common Stock

95,000
105,000
105,000
106,000
106,000
106,000
6,134,000

6,134,000

106,000

105,000

95,000

Retained Earnings

1,136,000
1,528,000
1,854,000
2,140,000
2,606,000
3,021,000
0

3,021,000

2,606,000

2,140,000

1,854,000

1,528,000

1,136,000

Capital Surplus

2,212,000
2,604,000
2,608,000
2,612,000
2,629,000
0
0

2,629,000

2,612,000

2,608,000

2,604,000

2,212,000

Treasury Stock

Other Stockholders Equity

0
25,000
22,000
-50,000
-36,000
-1,000
0

-1,000

-36,000

-50,000

22,000

25,000

Balance Sheet

Currency in SEK. All numbers in thousands.

	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Accounts Payable	0	411,000	383,000	293,000	492,000	519,000	0
Accumulated Amortization	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0
Capital Stock	0	0	0	0	0	0	0
Capital Surpluse	0	0	2,629,000	2,612,000	2,608,000	2,604,000	2,212,000
Cash	0	0	966,000	528,000	527,000	699,000	579,000
Cash And Equivalents	0	0	0	0	0	0	0
Cash And Short Term Investments	0	0	966,000	528,000	527,000	699,000	579,000
Common Stock	6,134,000	106,000	106,000	106,000	105,000	105,000	95,000
Common Stock Shares Outstanding	0	0	0	0	0	0	0
Common Stock Total Equity	0	0	0	0	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0
Good Will	0	0	6,205,000	5,952,000	5,983,000	5,933,000	5,073,000
Intangible Assets	0	0	221,000	239,000	248,000	242,000	201,000
Inventory	0	21,000	0	0	0	0	0
Liabilities And Stockholders Equity	0	0	0	0	0	0	0
Long Term Debt	0	0	1,824,000	1,890,000	2,131,000	2,163,000	2,158,000
Long Term Debt Total	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0
Net Debt	0	0	0	0	0	0	0
Net Invested Capital	0	0	0	0	0	0	0
Net Receivables	840,000	537,000	339,000	596,000	628,000	531,000	288,000
Net Tangible Assets	-561,000	-840,000	-1,104,000	-1,382,000	-1,643,000	-1,913,000	0
Net Working Capital	-2,170,000	-2,869,000	-1,963,000	-2,012,000	-1,119,000	-1,216,000	-818,000
Non Current Assets Total	0	0	0	0	0	0	0
Non Current Liabilities Other	0	0	0	0	0	0	0
Non Current Liabilities Total	0	0	0	0	0	0	0
Non Currrent Assets Other	0	0	0	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0
Other Assets	92,000	43,000	35,000	33,000	70,000	49,000	7,000
Other Current Assets	0	-1,000	0	-1,000	0	8,000	1,000
Other Current Liab	2,501,000	573,000	681,000	447,000	409,000	577,000	0
Other Liab	180,000	185,000	161,000	206,000	305,000	136,000	0
Other Stockholder Equity	0	-1,000	-36,000	-50,000	22,000	25,000	0
Preferred Stock Redeemable	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0
Property Plant And Equipment Net	0	0	0	0	0	0	0
Property Plant Equipment	11,324,000	10,348,000	9,324,000	9,060,000	1,916,000	1,599,000	1,277,000
Retained Earnings	0	3,021,000	2,606,000	2,140,000	1,854,000	1,528,000	1,136,000
Retained Earnings Total Equity	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0
Short Long Term Debt Total	0	0	8,319,000	8,236,000	2,178,000	2,204,000	2,193,000
Short Term Debt	0	0	0	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0
Total Assets	0	0	17,414,000	16,518,000	9,720,000	9,383,000	7,849,000
Total Current Assets	1,807,000	1,840,000	1,628,000	1,232,000	1,502,000	1,560,000	1,274,000
Total Current Liabilities	3,977,000	4,709,000	3,591,000	3,244,000	2,621,000	2,776,000	2,092,000
Total Liab	0	0	12,097,000	11,711,000	5,131,000	5,121,000	4,406,000
Total Permanent Equity	0	0	0	0	0	0	0
Total Stockholder Equity	0	0	5,317,000	4,807,000	4,589,000	4,262,000	3,443,000
Treasury Stock	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0

	2023-06-30	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Accounts Payable	0	0	0	411,000	0	0	0	383,000	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Capital Stock	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	1,084,000	836,000	966,000	760,000	787,000
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	0	0	0	0	0	1,084,000	836,000	966,000	760,000	787,000
Common Stock	6,134,000	5,772,000	5,835,000	106,000	5,647,000	5,425,000	5,415,000	106,000	0	0
Common Stock Shares Outstanding	0	0	0	0	0	100,541	106,383	105,882	96,429	84,713
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0
Good Will	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	6,488,000	6,444,000	6,426,000	6,424,000	6,293,000
Inventory	0	0	0	21,000	0	0	0	0	0	0
Liabilities And Stockholders Equity	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	1,605,000	1,559,000	1,824,000	1,934,000	1,865,000
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0
Net Debt	0	0	0	0	0	0	0	0	0	0
Net Invested Capital	0	0	0	0	0	0	0	0	0	0
Net Receivables	840,000	740,000	989,000	537,000	782,000	613,000	858,000	551,000	0	0
Net Tangible Assets	-561,000	-986,000	-852,000	-840,000	-868,000	-1,063,000	-1,029,000	-1,109,000	0	0
Net Working Capital	-2,170,000	-2,433,000	-2,171,000	-2,869,000	-2,145,000	-2,273,000	-2,170,000	-1,967,000	-1,996,000	-2,207,000
Non Current Assets Total	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Other	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	0	0	0	0	0	0	0	0	0	0
Non Currrent Assets Other	0	0	0	0	0	0	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0
Other Assets	92,000	102,000	102,000	43,000	150,000	61,000	60,000	35,000	76,000	74,000
Other Current Assets	0	0	0	-1,000	0	0	0	0	0	0
Other Current Liab	2,501,000	2,392,000	2,344,000	573,000	2,367,000	2,342,000	2,254,000	681,000	0	0
Other Liab	180,000	228,000	243,000	185,000	160,000	180,000	193,000	162,000	0	0
Other Stockholder Equity	0	0	0	-1,000	0	5,425,000	5,414,000	-36,000	5,144,000	4,874,000
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Net	0	0	0	0	0	0	0	0	0	0
Property Plant Equipment	11,324,000	11,174,000	11,023,000	10,348,000	9,851,000	10,084,000	9,699,000	9,324,000	9,384,000	9,559,000
Retained Earnings	0	0	0	3,021,000	0	0	0	2,618,000	0	0
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	0	0	0	0	0	8,755,000	8,425,000	8,319,000	8,535,000	8,589,000
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0
Total Assets	0	0	0	0	0	18,330,000	17,897,000	17,414,000	17,412,000	17,351,000
Total Current Assets	1,807,000	1,558,000	1,896,000	1,840,000	1,758,000	1,697,000	1,694,000	1,624,000	1,528,000	1,425,000
Total Current Liabilities	3,977,000	3,991,000	4,067,000	4,709,000	3,903,000	3,970,000	3,864,000	3,591,000	3,524,000	3,632,000
Total Liab	0	0	0	0	0	12,905,000	12,483,000	12,097,000	12,268,000	12,477,000
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	0	0	0	0	0	5,425,000	5,414,000	5,317,000	5,144,000	4,874,000
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in SEK. All numbers in thousands.

	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Begin Period Cash Flow	0	0	0	0	0	0	0
Capital Expenditures	317,000	320,000	258,000	309,000	502,000	350,000	260,000
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0
Change In Cash	-170,000	170,000	438,000	1,000	-172,000	120,000	248,000
Change In Working Capital	699,000	-906,000	92,000	89,000	-233,000	79,000	37,000
Change Receivables	0	0	0	0	0	0	0
Change To Account Receivables	0	27,000	-14,000	54,000	-91,000	29,000	0
Change To Inventory	0	-1,000	-1,000	-1,000	-1,000	0	0
Change To Liabilities	0	0	0	0	0	0	0
Change To Netincome	358,000	477,000	453,000	367,000	58,000	27,000	0
Change To Operating Activities	35,000	-32,000	254,000	156,000	-10,000	192,000	0
Depreciation	1,924,000	1,755,000	1,580,000	1,513,000	292,000	246,000	212,000
Dividends Paid	185,000	185,000	158,000	132,000	132,000	132,000	0
End Period Cash Flow	0	0	0	0	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	0
Free Cash Flow	2,578,000	2,511,000	2,614,000	2,212,000	182,000	578,000	570,000
Investments	0	-33,000	-3,000	3,000	3,000	-4,000	0
Issuance Of Capital Stock	0	0	0	0	0	0	0
Net Borrowings	-1,877,000	-1,517,000	-1,463,000	-1,593,000	-241,000	-192,000	0
Net Income	578,000	605,000	594,000	431,000	431,000	430,000	615,000
Other Cashflows From Financing Activities	-528,100	-434,000	-399,000	-409,000	-55,000	-74,000	-65,000
Other Cashflows From Investing Activities	0	0	-306,000	-1,000	-1,000	-1,000	-114,000
Other Non Cash Items	0	0	0	0	0	0	0
Sale Purchase Of Stock	0	0	17,000	4,000	0	402,000	0
Stock Based Compensation	0	0	0	0	0	0	0
Total Cash From Financing Activities	-2,590,000	-2,136,000	-2,003,000	-2,130,000	-296,000	144,000	-209,000
Total Cash From Operating Activities	2,895,000	2,831,000	2,872,000	2,521,000	684,000	928,000	830,000
Total Cashflows From Investing Activities	-481,000	-536,000	-437,000	-375,000	-559,000	-970,000	-374,000

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Begin Period Cash Flow	-	-	0	-	0	0	0	0	0	0	0	0	0
Capital Expenditures	0	0	71,000	71,000	77,000	93,000	117,000	45,000	78,000	78,000	94,000	112,000	90,000
Cash And Cash Equivalents Changes	-	-	0	-	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	-	-	0	-	0	0	0	0	0	0	0	0	0
Change In Cash	-	-	95,000	95,000	-89,000	-230,000	160,000	-108,000	248,000	-130,000	205,000	232,000	259,000
Change In Working Capital	-	-	263,000	-	-262,000	698,000	-724,000	128,000	-31,000	-288,000	92,000	1,000	45,000
Change Receivables	-	-	0	-	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-	-	0	-	0	0	27,000	27,000	27,000	0	-15,000	0	0
Change To Inventory	-	-	0	-	0	0	-1,000	-1,000	-1,000	0	0	0	0
Change To Liabilities	-	-	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	-	-	156,000	156,000	69,000	61,000	213,000	61,000	80,000	125,000	111,000	0	0
Change To Operating Activities	-	-	81,000	81,000	275,000	-286,000	51,000	-123,000	317,000	-277,000	140,000	0	0
Depreciation	-	-	495,000	495,000	474,000	448,000	450,000	447,000	436,000	421,000	413,000	1,174,000	769,000
Dividends Paid	-	-	0	-	185,000	185,000	0	0	185,000	185,000	185,000	158,000	158,000
End Period Cash Flow	-	-	0	-	0	0	0	0	0	0	0	0	0
Exchange Rate Changes	-	-	0	-	0	0	0	0	0	0	0	0	0
Free Cash Flow	-	-	866,000	-	850,000	224,000	787,000	495,000	941,000	291,000	735,000	1,931,000	1,241,000
Investments	-	-	0	-	0	0	31,000	-50,000	-50,000	-14,000	4,000	0	0
Issuance Of Capital Stock	-	-	0	-	0	0	0	0	0	0	0	0	0
Net Borrowings	-	-	-638,000	-638,000	-563,000	-257,000	-407,000	-457,000	-364,000	-289,000	-407,000	0	0
Net Income	106,000	62,000	205,000	170,000	109,000	94,000	164,000	155,000	186,000	100,000	180,000	840,000	495,000
Other Cashflows From Financing Activities	-	-	-141,000	-141,000	-127,000	-123,000	-109,000	-113,000	-107,000	-106,000	-99,000	-300,000	-203,000
Other Cashflows From Investing Activities	-	-	0	-	1,000	1,000	-1,000	-1,000	-1,000	-1,000	-1,000	-197,000	-158,000
Other Non Cash Items	-	-	0	-	0	0	0	0	0	0	0	0	0
Sale Purchase Of Stock	-	-	0	-	0	0	0	0	0	0	17,000	1,000	0
Stock Based Compensation	-	-	0	-	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-	-	-779,000	-779,000	-875,000	-380,000	-518,000	-568,000	-656,000	-395,000	-490,000	-1,513,000	-822,000
Total Cash From Operating Activities	-	-	937,000	937,000	927,000	317,000	904,000	540,000	1,019,000	369,000	829,000	2,043,000	1,331,000
Total Cashflows From Investing Activities	-	-	-74,000	-74,000	-146,000	-170,000	-217,000	-93,000	-120,000	-106,000	-128,000	-309,000	-248,000

Income Statement

Currency in SEK. All numbers in thousands.

	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30
Cost Of Revenue	0	0	0	0	0	0	0
Depreciation And Amortization	0	0	0	0	0	0	0
Discontinued Operations	0	0	0	0	0	0	0
Ebit	1,315,000	1,292,000	1,182,000	936,000	633,000	670,000	0
Ebitda	0	0	0	0	0	0	0
Effect Of Accounting Charges	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0
Gross Profit	0	0	0	0	0	0	0
Income Before Tax	0	0	767,000	556,000	566,000	555,000	535,000
Income Tax Expense	181,000	179,000	173,000	125,000	136,000	124,000	0
Interest Expense	0	0	0	0	0	0	0
Interest Income	0	0	395,000	409,000	51,000	56,000	64,000
Minority Interest	0	0	0	0	0	0	0
Net Income	0	0	594,000	431,000	430,000	431,000	415,000
Net Income Applicable To Common Shares	578,000	605,000	594,000	431,000	431,000	430,000	416,000
Net Income From Continuing Ops	0	0	0	0	0	0	0
Net Interest Income	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0
Operating Income	0	0	1,169,000	973,000	635,000	622,000	607,000
Other Items	0	0	0	0	0	0	0
Other Operating Expenses	0	0	0	0	0	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0
Reconciled Depreciation	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0
Selling General Administrative	0	0	9,226,000	8,584,000	8,269,000	7,570,000	6,607,000
Tax Provision	0	0	173,000	125,000	136,000	124,000	120,000
Total Operating Expenses	0	0	0	0	0	0	0
Total Other Income Expense Net	0	0	0	0	0	0	0
Total Revenue	0	0	13,340,000	12,271,000	11,715,000	10,810,000	9,520,000

	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31
Cost Of Revenue	0	-	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	0	-	0	0	0	0	0	0	0	0	0
Discontinued Operations	0	-	0	0	0	0	0	0	0	0	0
Ebit	427,000	-	287,000	233,000	354,000	339,000	335,000	263,000	344,000	0	0
Ebitda	0	-	0	0	0	0	0	0	0	0	0
Effect Of Accounting Charges	0	-	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	-	0	0	0	0	0	0	0	0	0
Gross Profit	0	-	0	0	0	0	0	0	0	0	0
Income Before Tax	0	-	0	0	0	0	234,000	127,000	229,000	247,000	173,000
Income Tax Expense	74,000	-	35,000	25,000	59,000	44,000	48,000	27,000	49,000	0	0
Interest Expense	0	-	0	0	0	0	0	0	0	0	0
Interest Income	0	-	0	0	0	0	106,000	105,000	98,000	96,000	99,000
Minority Interest	0	-	0	0	0	0	0	0	0	0	0
Net Income	0	-	0	0	0	0	186,000	100,000	180,000	189,000	133,000
Net Income Applicable To Common Shares	205,000	205,000	109,000	94,000	164,000	155,000	186,000	100,000	180,000	190,000	133,000
Net Income From Continuing Ops	0	-	0	0	0	0	0	0	0	0	0
Net Interest Income	0	-	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	-	0	0	0	0	0	0	0	0	0
Non Recurring	0	-	0	0	0	0	0	0	0	0	0
Operating Income	0	-	0	0	0	0	342,000	233,000	329,000	345,000	273,000
Other Items	0	-	0	0	0	0	0	0	0	0	0
Other Operating Expenses	0	-	0	0	0	0	0	0	0	0	0
Preferred Stock And Other Adjustments	0	-	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	0	-	0	0	0	0	0	0	0	0	0
Research Development	0	-	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	-	0	0	0	0	0	0	0	0	0
Selling General Administrative	0	-	0	0	0	0	2,678,000	1,960,000	2,508,000	2,493,000	2,442,000
Tax Provision	0	-	0	0	0	0	48,000	27,000	49,000	58,000	40,000
Total Operating Expenses	0	-	0	0	0	0	0	0	0	0	0
Total Other Income Expense Net	0	-	0	0	0	0	0	0	0	0	0
Total Revenue	0	-	0	0	0	0	3,774,000	2,911,000	3,672,000	3,591,000	3,436,000

Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue	0
Cost of Revenue	-0
Gross Profit	0	0

Operating Income (+$)
Gross Profit	0
Operating Expense	-0
Operating Income	0	0

Operating Expense (+$)
Research Development	0
Selling General Administrative	0
Selling And Marketing Expenses	0
Operating Expense	0	0

Net Interest Income (+$)
Interest Income	0
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	0

Pretax Income (+$)
Operating Income	0
Net Interest Income	0
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	0	0 EBIT - interestExpense = 1,315,000 181,000 0
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	1,315,000	0
Earnings Before Interest and Taxes (EBITDA)	0

After tax Income (+$)
Income Before Tax	0
Tax Provision	-0
Net Income From Continuing Ops	0	0
Net Income	0
Net Income Applicable To Common Shares	578,000

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	0
Total Other Income/Expenses Net	0	0

Technical Analysis of Academedia
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Academedia. The general trend of Academedia is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Academedia's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator State	Bullish trend		Bearish trend
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of AcadeMedia AB.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 51.73 < 51.73 < 51.73.

The bearish price targets are: 47.08 > 46.58 > 46.25.

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AcadeMedia AB Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of AcadeMedia AB. The current mas is .

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

AcadeMedia AB Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of AcadeMedia AB.

AcadeMedia AB Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of AcadeMedia AB. The current adx is .

AcadeMedia AB Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of AcadeMedia AB.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of AcadeMedia AB.

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

AcadeMedia AB Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of AcadeMedia AB.

AcadeMedia AB Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of AcadeMedia AB.

AcadeMedia AB Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of AcadeMedia AB.

AcadeMedia AB Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of AcadeMedia AB.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of AcadeMedia AB.

AcadeMedia AB Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of AcadeMedia AB.

AcadeMedia AB Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of AcadeMedia AB.

AcadeMedia AB Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of AcadeMedia AB.

AcadeMedia AB Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for AcadeMedia AB.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-28	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-11-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-11-30	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-06	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-12	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-19	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-01-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-11	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-16	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-18	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-19	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-24	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-25	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-31	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-02-01	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-02	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-08	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-16	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-02-19	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-03-01	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-03-05	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-07	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
2024-03-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-11	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-03-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-04-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-05	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-04-08	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-12	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-16	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-18	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of AcadeMedia AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	48.100
Total			0/1 (0.0%)

Create your own Symbol Scanner

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1. Valuation of Academedia (5 min.)

kr48.10

kr0.00

2. Growth of Academedia (5 min.)

Is Academedia growing?

How much money is Academedia making?

How much money comes from the company's main activities?

3. Financial Health of Academedia (5 min.)

What can you expect buying and holding a share of Academedia? (5 min.)

What can you expect buying and holding a share of Academedia?

Speculation

Investing

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Fundamentals of Academedia

About AcadeMedia AB

Financial Health

Valuation

1.1. Profitability of AcadeMedia AB.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of AcadeMedia AB.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of AcadeMedia AB.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of AcadeMedia AB.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of AcadeMedia AB

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

AcadeMedia AB
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