Precio Fishbone AB (publ)

PRCO-B.ST

Information Technology Services · Technology

Price

kr 17.40

-0.40 (-2.25%)

Market Cap

kr 159.7M

Exchange

Stockholm Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Strong

Stability

Weak

Valuation

Good

Dividends

Strong

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Share count falling — buybacks

−1.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 9.3M (2021) → 9.2M (2025)

Winston Score History

The full picture

Precio Fishbone is a Swedish IT consulting firm that helps businesses plan, build, and manage digital systems and software. Its main services include software development, system integration, and digital transformation consulting, sold primarily to large companies and public sector organizations in Sweden. The company was formed through the merger of Precio and Fishbone, two Swedish IT consultancies.

Precio Fishbone earns money by billing clients for consulting hours and project-based work, which means revenue depends heavily on keeping consultants busy and winning new contracts. The company operates almost entirely in Sweden, making it a small regional player in a crowded market full of larger rivals like Accenture and Capgemini. Its thin operating margin of under 4% leaves little room for error, and the main risk is that economic slowdowns cause corporate clients to cut IT spending, which would quickly pressure both revenue and profitability.

Growth Profile

For growth stock investors

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

Revenue Growth

+8.8% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-35.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

kr 133,000/ year

↑ Rising (+639% vs prior year)

0.1% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

5.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

kr 98M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Growth context

Precio Fishbone AB (publ) is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

3.6%

Thin — 3.6% gross margin

Profit after running costs

Operating Margin

3.6%

Thin — 3.6% operating margin

Return on the money invested

ROCE

3.8%

Weak — 3.8% return on capital

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

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Growth

Sales growth

Sales YoY

+4.7%

Slow sales growth (+4.7% YoY)

Profit growth

EPS YoY

+671.7%

Earnings growing fast (+671.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

114%

Turns 114% of profit into real cash

Spare cash per sale

FCF Margin

4.4%

Thin free cash flow (4.4%)

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

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

2.22x

Tight — interest eats into profit (2.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

7.2x

Attractive valuation — P/E 7.2

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

2.87%

Moderate income — 2.87% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+86.7%

Dividend growing fast (86.7% YoY)

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