Added to YB: 2026-04-17
Pitch date: 2026-04-15
4C.ST [bullish]
4C Group AB (publ)
+10.43%
current return
Author Info
Banyan Lane Capital aims to present actionable investment research on asymmetric opportunities that, in many cases, are not front and center for investors. Sign up for the newsletter.
Company Info
4C Group AB (publ) provides software solutions and expert services for organizational readiness, training, and crisis management worldwide.
Market Cap
SEK 342.9M
Pitch Price
SEK 9.40
Price Target
17.00 (+64%)
Dividend
N/A
EV/EBITDA
9.13
P/E
-20.36
EV/Sales
1.31
Sector
Software
Category
value
4C Group AB (4C.ST): Inside the Defense Software Company That Spent a Decade Breaking Into the Pentagon
4C.ST: NATO-accredited Force Generation software (Exonaut) used by NATO HQ, UK Army, Australia, US 1st Cav & 2nd ID. SEK 332M backlog (≈market cap), SEK 250M ARR (+53% YoY), <2% churn, 80% software margins. SEK 40M cost cuts effective Q1'26. Base: SEK 500-550M rev, 15-20% EBIT, 3x EV/S = 4x (SEK 37-42). Bull: US Army scales 6→20-30 commands + NATO call-offs = 5-8x (SEK 70-100+). Risks: cash flow, IFRS 15 lumpiness, US budget cycles, Systematic competition. 2026 cash positive commitment testable Q2.
Read full article (20 min)