New Risk • 13h
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jul 10
Second quarter 2026 earnings released: EPS: kr0.72 (vs kr0.76 in 2Q 2025) Second quarter 2026 results: EPS: kr0.72 (down from kr0.76 in 2Q 2025). Revenue: kr905.0m (up 2.8% from 2Q 2025). Net income: kr43.0m (down 4.4% from 2Q 2025). Profit margin: 4.8% (down from 5.1% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Vibeke Gyllenram was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 11
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr835.0m (down 6.5% from 1Q 2025). Net income: kr39.0m (down 19% from 1Q 2025). Profit margin: 4.7% (down from 5.4% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. New Risk • May 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr49.90, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 27x in the Machinery industry in Sweden. Total loss to shareholders of 46% over the past three years. Upcoming Dividend • May 02
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Swedish dividend payers (4.3%). Lower than average of industry peers (2.3%). New Risk • Apr 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Feb 24
Now 23% undervalued Over the last 90 days, the stock has risen 1.3% to kr63.20. The fair value is estimated to be kr81.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Buy Or Sell Opportunity • Feb 09
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at kr65.00. The fair value is estimated to be kr81.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Feb 08
Full year 2025 earnings released: EPS: kr3.00 (vs kr1.69 in FY 2024) Full year 2025 results: EPS: kr3.00 (up from kr1.69 in FY 2024). Revenue: kr3.40b (up 2.6% from FY 2024). Net income: kr178.0m (up 78% from FY 2024). Profit margin: 5.2% (up from 3.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. Announcement • Feb 06
XANO Industri AB (publ), Annual General Meeting, May 07, 2026 XANO Industri AB (publ), Annual General Meeting, May 07, 2026. Location: jonkoping Sweden New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr72.10, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 25x in the Machinery industry in Sweden. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr89.80, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 25x in the Machinery industry in Sweden. Total loss to shareholders of 16% over the past three years. Reported Earnings • Nov 02
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr785.0m (up 6.5% from 3Q 2024). Net income: kr75.0m (up kr82.0m from 3Q 2024). Profit margin: 9.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Sep 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr74.00, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 23x in the Machinery industry in Sweden. Total loss to shareholders of 31% over the past three years. New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 13
Second quarter 2025 earnings released: EPS: kr0.76 (vs kr0.56 in 2Q 2024) Second quarter 2025 results: EPS: kr0.76 (up from kr0.56 in 2Q 2024). Revenue: kr880.0m (down 1.8% from 2Q 2024). Net income: kr45.0m (up 36% from 2Q 2024). Profit margin: 5.1% (up from 3.7% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Jul 11
XANO Industri AB (publ) to Report Fiscal Year 2025 Results on Feb 05, 2026 XANO Industri AB (publ) announced that they will report fiscal year 2025 results on Feb 05, 2026 Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Vibeke Gyllenram was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr57.90, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 23x in the Machinery industry in Sweden. Total loss to shareholders of 63% over the past three years. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: kr0.81 (vs kr0.22 in 1Q 2024) First quarter 2025 results: EPS: kr0.81 (up from kr0.22 in 1Q 2024). Revenue: kr893.0m (up 8.2% from 1Q 2024). Net income: kr48.0m (up 269% from 1Q 2024). Profit margin: 5.4% (up from 1.6% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr50.40, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 21x in the Machinery industry in Sweden. Total loss to shareholders of 57% over the past three years. Announcement • May 08
XANO Industri AB (publ) to Report Q3, 2025 Results on Oct 30, 2025 XANO Industri AB (publ) announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr45.95, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 21x in the Machinery industry in Sweden. Total loss to shareholders of 65% over the past three years. Announcement • Apr 09
XANO Industri AB (publ), Annual General Meeting, May 15, 2025 XANO Industri AB (publ), Annual General Meeting, May 15, 2025, at 16:00 W. Europe Standard Time. Location: in elmia kongress & konserthus, at elmiavagen 15, jonkoping Sweden Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: kr1.69 (vs kr3.01 in FY 2023) Full year 2024 results: EPS: kr1.69 (down from kr3.01 in FY 2023). Revenue: kr3.31b (down 3.4% from FY 2023). Net income: kr100.1m (down 43% from FY 2023). Profit margin: 3.0% (down from 5.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: kr1.69 (vs kr3.01 in FY 2023) Full year 2024 results: EPS: kr1.69 (down from kr3.01 in FY 2023). Revenue: kr3.32b (down 3.4% from FY 2023). Net income: kr100.0m (down 43% from FY 2023). Profit margin: 3.0% (down from 5.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Feb 06
XANO Industri AB (publ) to Report Q2, 2025 Results on Jul 10, 2025 XANO Industri AB (publ) announced that they will report Q2, 2025 results on Jul 10, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr59.50, the stock trades at a trailing P/E ratio of 61.5x. Average trailing P/E is 27x in the Machinery industry in Sweden. Total loss to shareholders of 63% over the past three years. Upcoming Dividend • Nov 04
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 11 November 2024. Payment date: 15 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.5%. Lower than top quartile of Swedish dividend payers (4.5%). Lower than average of industry peers (2.9%). New Risk • Nov 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Nov 01
Third quarter 2024 earnings released: kr0.11 loss per share (vs kr0.57 profit in 3Q 2023) Third quarter 2024 results: kr0.11 loss per share (down from kr0.57 profit in 3Q 2023). Revenue: kr737.0m (down 2.6% from 3Q 2023). Net loss: kr7.00m (down 121% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
XANO Industri AB (publ) to Report Q1, 2025 Results on May 08, 2025 XANO Industri AB (publ) announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Oct 10
An unknown buyer agreed to acquire Xano Fastigheter Ljungarum Ab from XANO Industri AB (publ) on October 9, 2024 An unknown buyer agreed to acquire Xano Fastigheter Ljungarum Ab from XANO Industri AB (publ) on October 9, 2024 New Risk • Jul 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Profit margins are more than 30% lower than last year (2.9% net profit margin). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Jul 10
Second quarter 2024 earnings released: EPS: kr0.55 (vs kr1.16 in 2Q 2023) Second quarter 2024 results: EPS: kr0.55 (down from kr1.16 in 2Q 2023). Revenue: kr896.0m (down 4.9% from 2Q 2023). Net income: kr33.0m (down 51% from 2Q 2023). Profit margin: 3.7% (down from 7.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 10
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Swedish dividend payers (4.4%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.22 (vs kr0.98 in 1Q 2023) First quarter 2024 results: EPS: kr0.22 (down from kr0.98 in 1Q 2023). Revenue: kr825.0m (down 7.9% from 1Q 2023). Net income: kr13.0m (down 77% from 1Q 2023). Profit margin: 1.6% (down from 6.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr98.70, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 25x in the Machinery industry in Sweden. Total returns to shareholders of 30% over the past three years. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: kr3.01 (vs kr4.30 in FY 2022) Full year 2023 results: EPS: kr3.01 (down from kr4.30 in FY 2022). Revenue: kr3.43b (down 2.2% from FY 2022). Net income: kr175.0m (down 30% from FY 2022). Profit margin: 5.1% (down from 7.1% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jan 28
XANO Industri AB (publ), Annual General Meeting, May 16, 2024 XANO Industri AB (publ), Annual General Meeting, May 16, 2024. Upcoming Dividend • Nov 06
Upcoming dividend of kr0.75 per share at 2.2% yield Eligible shareholders must have bought the stock before 13 November 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Swedish dividend payers (5.4%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr757.0m (down 2.4% from 3Q 2022). Net income: kr33.0m (down 25% from 3Q 2022). Profit margin: 4.4% (down from 5.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 27
XANO Industri AB (publ) to Report Q1, 2024 Results on Apr 25, 2024 XANO Industri AB (publ) announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Aug 22
XANO Industri AB (publ) (OM:XANO B) signed an agreement to acquire Integrated Packaging Solutions for $21 million. XANO Industri AB (publ) (OM:XANO B) signed an agreement to acquire Integrated Packaging Solutions for $21 million on August 21, 2023. The transaction is subject to confirmatory due diligence. For 2022, Integrated Packaging Solutions reported sales of $16 million. The transaction is expected to complete during September 2023. Reported Earnings • Jul 13
Second quarter 2023 earnings released: EPS: kr1.16 (vs kr1.28 in 2Q 2022) Second quarter 2023 results: EPS: kr1.16 (down from kr1.28 in 2Q 2022). Revenue: kr942.0m (flat on 2Q 2022). Net income: kr67.0m (down 9.5% from 2Q 2022). Profit margin: 7.1% (down from 7.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
XANO Industri AB (publ) to Report Fiscal Year 2023 Results on Feb 28, 2024 XANO Industri AB (publ) announced that they will report fiscal year 2023 results on Feb 28, 2024 New Risk • Jun 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr120, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 24x in the Machinery industry in Sweden. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr109, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 23x in the Machinery industry in Sweden. Total returns to shareholders of 133% over the past three years. Upcoming Dividend • May 05
Upcoming dividend of kr1.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Swedish dividend payers (5.2%). Lower than average of industry peers (2.9%). Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: kr4.30 (vs kr5.90 in FY 2021) Full year 2022 results: EPS: kr4.30 (down from kr5.90 in FY 2021). Revenue: kr3.51b (up 11% from FY 2021). Net income: kr249.1m (down 27% from FY 2021). Profit margin: 7.1% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Announcement • Feb 11
XANO Industri AB (publ) to Report First Half, 2023 Results on Jul 11, 2023 XANO Industri AB (publ) announced that they will report first half, 2023 results on Jul 11, 2023 Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: kr4.29 (vs kr5.90 in FY 2021) Full year 2022 results: EPS: kr4.29 (down from kr5.90 in FY 2021). Revenue: kr3.51b (up 11% from FY 2021). Net income: kr249.0m (down 27% from FY 2021). Profit margin: 7.1% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr109, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 23x in the Machinery industry in Sweden. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorated over the past week After last week's 20% share price decline to kr91.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 16x in the Machinery industry in Sweden. Total returns to shareholders of 69% over the past three years. Announcement • Oct 30
XANO Industri AB (publ) to Report Q1, 2023 Results on May 04, 2023 XANO Industri AB (publ) announced that they will report Q1, 2023 results on May 04, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr776.0m (up 4.0% from 3Q 2021). Net income: kr44.0m (down 46% from 3Q 2021). Profit margin: 5.7% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr120, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 18x in the Machinery industry in Sweden. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 26% share price gain to kr311, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 18x in the Machinery industry in Sweden. Total returns to shareholders of 158% over the past three years. Reported Earnings • May 06
Full year 2021 earnings released: EPS: kr11.80 (vs kr6.86 in FY 2020) Full year 2021 results: EPS: kr11.80 (up from kr6.86 in FY 2020). Revenue: kr3.15b (up 41% from FY 2020). Net income: kr342.1m (up 75% from FY 2020). Profit margin: 11% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 06
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Swedish dividend payers (4.7%). Lower than average of industry peers (2.5%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Per Rodert was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 16% share price gain to kr309, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 21x in the Machinery industry in Sweden. Total returns to shareholders of 205% over the past three years. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: kr3.15b (up 41% from FY 2020). Net income: kr342.0m (up 75% from FY 2020). Profit margin: 11% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 16% share price gain to kr335, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 24x in the Machinery industry in Sweden. Total returns to shareholders of 342% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr746.0m (up 42% from 3Q 2020). Net income: kr82.0m (up 78% from 3Q 2020). Profit margin: 11% (up from 8.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 15% share price gain to kr326, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 28x in the Machinery industry in Sweden. Total returns to shareholders of 227% over the past three years.