Dynavox Group AB (publ)

OM:DYVOX Stock Report

Market Cap: SEK 7.5b

Dynavox Group Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Fredrik Ruben

Chief executive officer

SEK 11.2m

Total compensation

CEO salary percentage32.14%
CEO tenureno data
CEO ownership0.4%
Management average tenure4.3yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Narrative Update Jun 09

DYVOX: Share Buybacks And 2026 Margin Execution Will Drive Upside

Analysts are keeping their SEK 160.00 price target for Dynavox Group unchanged, citing only modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions in their updated models. What's in the News Dynavox Group has begun repurchasing its own class C shares from June 1, 2026, under a buyback program authorized at the Annual General Meeting on May 8, 2026, with the purpose of securing share delivery for Executive LTI 2026.
Narrative Update May 26

DYVOX: Higher SEK 160 Fair Value Will Rely On 2026 Margin Delivery

Analysts now set a higher price target for Dynavox Group at SEK 160.00, up from SEK 150.00, reflecting updated assumptions around revenue growth, profit margins and a slightly adjusted P/E multiple. What's in the News Dynavox Group keeps its earnings guidance for 2026 unchanged, targeting average annual revenue growth of 20% adjusted for currency effects and an EBIT margin above 15% (company guidance).
Narrative Update May 11

DYVOX: Steady 2026 Targets And CFO Transition Will Shape Future Upside

Analysts have lowered their price target for Dynavox Group from SEK 103 to SEK 90, citing updated assumptions for discount rates, revenue growth and future P/E. These effects are partly offset by slightly higher projected profit margins.
Narrative Update Apr 26

DYVOX: CFO Transition And Stable Assumptions Will Support Future Upside

Analysts are maintaining their SEK 103 price target for Dynavox Group, citing slightly adjusted assumptions regarding the discount rate, revenue growth, profit margin, and future P/E as the main factors behind this reaffirmed view. What's in the News Dynavox Group AB reported that Chief Financial Officer Linda Tybring has decided to leave her position, with her departure planned for January 31, 2027, to allow for an orderly handover.
Narrative Update Apr 11

DYVOX: Stable Assumptions And CFO Transition Will Support Future Upside

Analysts have kept their SEK 103.00 price target for Dynavox Group unchanged, citing only minor adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Dynavox Group AB announced that Chief Financial Officer Linda Tybring has decided to leave her position, with a planned end date of January 31, 2027.
Narrative Update Mar 28

DYVOX: Higher Margins And Stable Assumptions Will Support Future Upside

Analysts have kept the Dynavox Group price target steady at SEK 103.00, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that remain broadly in line with previous estimates. What's in the News Dynavox Group AB reported that Chief Financial Officer Linda Tybring has decided to leave her position, with her planned departure set for January 31, 2027.
Narrative Update Mar 12

DYVOX: Higher Discount Rate And Margins Will Still Support Future Upside

Analysts have kept their SEK 103.00 price target on Dynavox Group unchanged, citing broadly consistent assumptions for the discount rate, revenue growth, profit margin, and future P/E in their latest update. Valuation Changes Fair Value: SEK 103.0 remains unchanged.
Narrative Update Feb 26

DYVOX: Higher Discount Rate Will Still Support Future Upside Potential

Analysts have kept their SEK 103.00 price target for Dynavox Group broadly unchanged, citing small adjustments to the discount rate, revenue growth, profit margin assumptions and future P/E expectations rather than any major shift in the outlook. Valuation Changes Fair Value: SEK 103.0 remains unchanged, indicating no adjustment to the central valuation estimate.
Narrative Update Feb 10

DYVOX: Higher Discount Rate Will Still Support Future Fair Value

Analysts have reduced their fair value estimate for Dynavox Group from $107.00 to $103.00. They now apply a higher discount rate and more cautious assumptions for revenue growth, profit margins and future P/E.
Narrative Update Jan 27

DYVOX: Future Margins And P/E Assumptions Will Support Fair Value

Analysts now see the Dynavox Group share price as fairly valued at about $107.00, with their unchanged target broadly supported by updated assumptions for slightly higher revenue, profit margins and a modestly lower future P/E multiple. Valuation Changes Fair Value: Estimated fair value is unchanged at about $107.00 per share.
Narrative Update Jan 12

DYVOX: Future Margins And P/E Assumptions Will Support Fair Value

Analysts have raised their price target on Dynavox Group to $107.00, citing updated assumptions that include revised revenue growth, profit margin, and future P/E inputs in their models. Valuation Changes Fair Value: Price target unchanged at SEK 107.00, indicating no shift in the analysts' overall valuation outcome.
Narrative Update Dec 27

DYVOX: Future Profit Margins And Cash Flows Will Support Fair Value

Analysts have modestly reiterated their SEK 107.00 price target on Dynavox Group, citing slightly stronger expected revenue growth and improved profit margins that together offset a marginally lower future P/E multiple and discount rate. Valuation Changes Fair Value: Unchanged at SEK 107.00 per share, indicating that modest fundamental improvements are balanced by slightly less favorable valuation multiples.
Narrative Update Dec 12

DYVOX: Future Margins And Cash Flows Will Support Fairly Valued Shares

Analysts have modestly trimmed their price target on Dynavox Group by SEK 2.00 to SEK 107.00. This reflects slightly lower long term revenue growth assumptions, partially offset by expectations for improved profit margins and a still supportive, though marginally lower, future valuation multiple.
Analysis Article Nov 19

Dynavox Group's (STO:DYVOX) Returns On Capital Not Reflecting Well On The Business

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article Oct 28

Earnings Update: Dynavox Group AB (publ) (STO:DYVOX) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Investors in Dynavox Group AB (publ) ( STO:DYVOX ) had a good week, as its shares rose 3.8% to close at kr107 following...
Analysis Article Oct 18

Is Dynavox Group (STO:DYVOX) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Narrative Update Aug 21

Expanding Global Presence Will Unlock Untapped Market Demand

The upward revision in Dynavox Group's price target reflects higher earnings expectations as evidenced by increases in both forecast P/E and net profit margin, raising the consensus fair value from SEK120.50 to SEK132.33. Valuation Changes Summary of Valuation Changes for Dynavox Group The Consensus Analyst Price Target has risen from SEK120.50 to SEK132.33.
Analysis Article Aug 13

Is Dynavox Group AB (publ) (STO:DYVOX) Potentially Undervalued?

OM:DYVOX 1 Year Share Price vs Fair Value Explore Dynavox Group's Fair Values from the Community and select yours While...
Analysis Article Jul 26

Concerns Surrounding Dynavox Group's (STO:DYVOX) Performance

Dynavox Group AB (publ) ( STO:DYVOX ) just released a solid earnings report, and the stock displayed some strength...
Analysis Article Jul 23

Dynavox Group AB (publ) (STO:DYVOX) Released Earnings Last Week And Analysts Lifted Their Price Target To kr114

Investors in Dynavox Group AB (publ) ( STO:DYVOX ) had a good week, as its shares rose 9.3% to close at kr123 following...
Analysis Article May 14

Estimating The Intrinsic Value Of Dynavox Group AB (publ) (STO:DYVOX)

Key Insights The projected fair value for Dynavox Group is kr89.98 based on 2 Stage Free Cash Flow to Equity Dynavox...
Analysis Article Apr 29

Investors Appear Satisfied With Dynavox Group AB (publ)'s (STO:DYVOX) Prospects As Shares Rocket 29%

Dynavox Group AB (publ) ( STO:DYVOX ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Apr 17

Dynavox Group (STO:DYVOX) Will Want To Turn Around Its Return Trends

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
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New Narrative Mar 14

Consolidating R&D In Stockholm Will Strengthen Future Product Offerings

Strategic investments in sales and infrastructure aim to enhance operational efficiency, supporting growth and potentially improving net margins and market presence.
Analysis Article Mar 05

Dynavox Group (STO:DYVOX) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jan 16

What Is Dynavox Group AB (publ)'s (STO:DYVOX) Share Price Doing?

Dynavox Group AB (publ) ( STO:DYVOX ), is not the largest company out there, but it received a lot of attention from a...
Analysis Article Oct 28

Dynavox Group AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Investors in Dynavox Group AB (publ) ( STO:DYVOX ) had a good week, as its shares rose 5.1% to close at kr63.50...
Analysis Article Sep 20

Dynavox Group (STO:DYVOX) May Have Issues Allocating Its Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Analysis Article Aug 07

When Should You Buy Dynavox Group AB (publ) (STO:DYVOX)?

Dynavox Group AB (publ) ( STO:DYVOX ), is not the largest company out there, but it saw significant share price...
Analysis Article Feb 29

Why Investors Shouldn't Be Surprised By Tobii Dynavox AB (publ)'s (STO:TDVOX) 29% Share Price Surge

Tobii Dynavox AB (publ) ( STO:TDVOX ) shares have continued their recent momentum with a 29% gain in the last month...
Analysis Article Feb 27

There Are Reasons To Feel Uneasy About Tobii Dynavox's (STO:TDVOX) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article Feb 11

Is Tobii Dynavox AB (publ) (STO:TDVOX) Trading At A 45% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Tobii Dynavox fair value estimate is kr85.70 Tobii Dynavox is...
Analysis Article Jul 23

Earnings Beat: Tobii Dynavox AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, Tobii Dynavox AB (publ) ( STO:TDVOX ) just kicked off its latest second-quarter results with some...
Analysis Article Mar 09

Tobii Dynavox AB (publ)'s (STO:TDVOX) 25% Jump Shows Its Popularity With Investors

Tobii Dynavox AB (publ) ( STO:TDVOX ) shares have had a really impressive month, gaining 25% after a shaky period...

CEO Compensation Analysis

How has Fredrik Ruben's remuneration changed compared to Dynavox Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

SEK 180m

Dec 31 2025SEK 11mSEK 4m

SEK 166m

Sep 30 2025n/an/a

SEK 144m

Jun 30 2025n/an/a

SEK 151m

Mar 31 2025n/an/a

SEK 159m

Dec 31 2024SEK 10mSEK 3m

SEK 146m

Sep 30 2024n/an/a

SEK 137m

Jun 30 2024n/an/a

SEK 127m

Mar 31 2024n/an/a

SEK 108m

Dec 31 2023SEK 8mSEK 3m

SEK 104m

Sep 30 2023n/an/a

SEK 77m

Jun 30 2023n/an/a

SEK 57m

Mar 31 2023n/an/a

SEK 46m

Dec 31 2022SEK 6mSEK 3m

SEK 49m

Sep 30 2022n/an/a

SEK 37m

Jun 30 2022n/an/a

SEK 43m

Mar 31 2022n/an/a

SEK 24m

Dec 31 2021SEK 5mSEK 2m

SEK 30m

Dec 31 2020SEK 3mSEK 2m

SEK 130m

Compensation vs Market: Fredrik's total compensation ($USD1.19M) is above average for companies of similar size in the Swedish market ($USD826.00K).

Compensation vs Earnings: Fredrik's compensation has been consistent with company performance over the past year.


CEO

Fredrik Ruben (49 yo)

no data
Tenure
SEK 11,200,000
Compensation

Mr. Fredrik Ruben, M.D., has been Chief Executive Officer at Dynavox Group AB (publ) (formerly known as Tobii Dynavox AB (publ)). Mr. Ruben is Independent Director of Lime Technologies AB (publ) from April...


Leadership Team

NamePositionTenureCompensationOwnership
Fredrik Ruben
Chief Executive Officerno dataSEK 11.20m0.41%
SEK 30.5m
Linda Tybring
Chief Financial Officer8.4yrsno data0.073%
SEK 5.4m
Luis Mustafa
Chief Operating Officerless than a yearno datano data
Marie-Josée Leblond
Chief Digitalization & Information Officerless than a yearno datano data
Elisabeth Manzi
Corporate Communications Directorno datano datano data
Kristen Cook
Chief Marketing Officerno datano data0.013%
SEK 940.3k
Mikael Backstrom
Chief People & Sustainability Officer4.3yrsno data0.043%
SEK 3.2m
Nils Normell
President of Europe & the rest of the world -EUROW8.4yrsno data0.14%
SEK 10.3m
Tara Rudnicki
President of North Americano datano data0.040%
SEK 3.0m
Markus Cederlund
Chief Product & Development Officer4.4yrsno data0.019%
SEK 1.4m
Caroline Henricson
Chief Commercial Officer2.2yrsno data0.020%
SEK 1.5m
Michael Jakobi
President of Rehadaptno datano datano data
4.3yrs
Average Tenure
50yo
Average Age

Experienced Management: DYVOX's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gitte Aabo
Independent Chairman of the Board2.1yrsSEK 1.10m0.0056%
SEK 423.3k
Henrik Eskilsson
Director5.4yrsSEK 300.00k3.37%
SEK 252.8m
Maarten Barmentlo
Independent Director3.1yrsSEK 300.00k0.037%
SEK 2.8m
Carl Fredrik Bandhold
Independent Director5.4yrsSEK 500.00k0.15%
SEK 11.2m
Ingrid Bojner
Directorless than a yearno datano data
Caroline Ingre
Independent Director5.4yrsSEK 300.00k0.0094%
SEK 701.3k
4.3yrs
Average Tenure
52.5yo
Average Age

Experienced Board: DYVOX's board of directors are considered experienced (4.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 03:53
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Dynavox Group AB (publ) is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon LarssonDanske Bank
Ramil KoriaDanske Bank