Reported Earnings • Jul 15
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: kr16.6b (up 9.9% from 2Q 2025). Net income: kr588.0m (up kr516.0m from 2Q 2025). Profit margin: 3.6% (up from 0.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Construction industry in the United Kingdom. Declared Dividend • May 08
Dividend of kr1.50 announced Shareholders will receive a dividend of kr1.50. Ex-date: 29th October 2026 Payment date: 4th November 2026 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 60% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). 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 • May 02
First quarter 2026 earnings released: kr0.61 loss per share (vs kr1.30 loss in 1Q 2025) First quarter 2026 results: kr0.61 loss per share (improved from kr1.30 loss in 1Q 2025). Revenue: kr10.8b (flat on 1Q 2025). Net loss: kr172.0m (loss narrowed 54% from 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 23
Upcoming dividend of kr1.80 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 07 May 2026. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.6%). New Risk • Apr 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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: 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. Profit margins are more than 30% lower than last year (2.3% net profit margin). Annonce • Mar 27
Peab AB (Publ) Proposes Dividend, Payable on 7 May 2026 and 4 November 2026, Respectively Peab AB (publ) at Annual General Meeting to be held on 29 April 2026 proposed a dividend to the shareholders of SEK 3.30 per share, to be paid on two occasions. At the first payment occasion, SEK 1.80 per share shall be paid, with the record date being 4 May 2026. At the second payment occasion, SEK 1.50 per share shall be paid, with the record date being 30 October 2026. If the AGM resolves in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden on 7 May 2026 and 4 November 2026, respectively. Declared Dividend • Feb 06
Final dividend of kr1.80 announced Shareholders will receive a dividend of kr1.80. Ex-date: 30th April 2026 Payment date: 7th May 2026 Dividend yield will be 3.1%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Feb 05
Full year 2025 earnings released: EPS: kr4.74 (vs kr8.32 in FY 2024) Full year 2025 results: EPS: kr4.74 (down from kr8.32 in FY 2024). Revenue: kr58.6b (down 4.4% from FY 2024). Net income: kr1.36b (down 43% from FY 2024). Profit margin: 2.3% (down from 3.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Feb 05
Peab AB (publ), Annual General Meeting, Apr 29, 2026 Peab AB (publ), Annual General Meeting, Apr 29, 2026. Annonce • Jan 24
Peab AB (publ) to Report Fiscal Year 2025 Results on Feb 04, 2026 Peab AB (publ) announced that they will report fiscal year 2025 results on Feb 04, 2026 Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: kr2.89 (vs kr2.55 in 3Q 2024) Third quarter 2025 results: EPS: kr2.89 (up from kr2.55 in 3Q 2024). Revenue: kr15.4b (down 2.3% from 3Q 2024). Net income: kr829.0m (up 13% from 3Q 2024). Profit margin: 5.4% (up from 4.7% in 3Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 20
Upcoming dividend of kr1.25 per share Eligible shareholders must have bought the stock before 27 October 2025. Payment date: 31 October 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.6%). New Risk • Aug 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x 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 Risk Interest payments are not well covered by earnings (2.5x net interest cover). 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. Recent Insider Transactions • Jul 17
Chief Financial Officer recently bought kr737k worth of stock On the 15th of July, Niclas Winkvist bought around 10k shares on-market at roughly kr73.68 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Niclas' only on-market trade for the last 12 months. Annonce • Jun 24
Peab and URW Have Reached A Settlement Agreement Regarding Mall of Scandinavia Through a settlement agreement Peab and Unibail-Rodamco-Westfield (URW) have agreed on a final resolution of all transactions regarding the contract for Mall of Scandinavia. The agreement entails that Peab's liquidity will increase by one billion Swedish kronor in the third quarter 2025, that net financial items in the second quarter 2025 will be charged with around SEK 600 million and that net debt will remain unchanged. On June 30, 2023 an arbitral award in the case regarding the contract for Mall of Scandinavia was rendered. The arbitral tribunal concurred with Peab's claims for compensation for added expenses generated by extensive changes in the project made during the production phase and ruled that Peab was entitled to compensation of approximately one billion Swedish kronor for construction costs as well as SEK 390 billion, in default interest. URW then challenged the award to Svea Court of Appeal which on May 28, 2025 rendered a judgment entitling Peab to compensation for the work incurred by changes and additions along with compensation for disorder and disruption. The arbitral award was set aside concerning URW's claim for liquidated damages for certain delays and Peab's claims for the costs of the arbitration procedures. Since no payment was made as required by the judgment Peab initiated bankruptcy proceedings against the project company Rodamco Projekt AB in order to demand payment. URW announced on June 3, 2025 that it intended to initiate a new arbitration procedure regarding its claim for liquidated damages for certain delays and Peab intended to initiate a new arbitration procedure regarding its claim for the costs of the arbitration procedures. On June 22, 2025 the parties agreed to settlement entailing a payment of one billion Swedish kronor from URW to Peab on July 2, 2025. The settlement agreement further entails that each party retract all processes, that the contract is considered finally settled and that the parties have no claims against each other, including warranty obligations. The settlement agreement thereby entails that there are no remaining risks for Peab regarding the contract for Mall of Scandinavia.Through the settlement agreement Peab will be compensated with an amount equivalent to the amount determined for costs for completing the contract in the arbitral award on June 30, 2023. The agreement entails that Peab waives an amount equivalent to accrued default interest. Reported Earnings • May 07
First quarter 2025 earnings released: kr1.30 loss per share (vs kr0.20 loss in 1Q 2024) First quarter 2025 results: kr1.30 loss per share (further deteriorated from kr0.20 loss in 1Q 2024). Revenue: kr10.8b (down 5.5% from 1Q 2024). Net loss: kr373.0m (loss widened kr316.0m from 1Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • May 06
Peab AB (publ) Approves Dividend for the Financial Year 2024 Peab AB (publ) at its Annual General Meeting held on May 6, 2025, approved dividend of SEK 2.75 per share for the financial year 2024, to be distributed in two instalments. The first instalment, of SEK 1. 50 per share shall be paid with a record date of 8 May 2025. The second instalment of SEK 1.25 per share shall be paid with a record date set for 28 October 2025. Upcoming Dividend • Apr 30
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 13 May 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (6.0%). In line with average of industry peers (3.4%). New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risks High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 05
Full year 2024 earnings released: EPS: kr8.32 (vs kr6.92 in FY 2023) Full year 2024 results: EPS: kr8.32 (up from kr6.92 in FY 2023). Revenue: kr61.3b (flat on FY 2023). Net income: kr2.39b (up 20% from FY 2023). Profit margin: 3.9% (up from 3.2% in FY 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Annonce • Apr 04
Peab AB (Publ) Proposes Dividend, Payable on May 13, 2025 and October 31, 2025 Respectively Peab AB (publ) proposed dividend to shareholders of SEK 2.75 per share to be distributed in two payments. The first payment would be SEK 1.50 on the record date May 8, 2025. The second payment would be SEK 1.25 on the record date October 28, 2025. If the AGM decides according to the proposal, the dividend is expected to be distributed from Euroclear Sweden AB on Tuesday May 13, 2025 respectively October 31, 2025. Recent Insider Transactions • Mar 27
Insider recently bought kr249k worth of stock On the 24th of March, Charlotta Brandstrom bought around 3k shares on-market at roughly kr79.00 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr383k more in shares than they have sold in the last 12 months. Declared Dividend • Feb 12
Dividend of kr1.50 announced Shareholders will receive a dividend of kr1.50. Ex-date: 7th May 2025 Payment date: 13th May 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.8% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. New Risk • Feb 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risks High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: kr8.32 (vs kr6.92 in FY 2023) Full year 2024 results: EPS: kr8.32 (up from kr6.92 in FY 2023). Revenue: kr61.3b (flat on FY 2023). Net income: kr2.39b (up 20% from FY 2023). Profit margin: 3.9% (up from 3.2% in FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Annonce • Feb 07
Peab AB (publ), Annual General Meeting, May 06, 2025 Peab AB (publ), Annual General Meeting, May 06, 2025. Buy Or Sell Opportunity • Nov 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to kr81.68. The fair value is estimated to be kr67.57, however this is not to be taken as a sell 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 16%. Revenue is forecast to grow by 3.2% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Employee Representative Director Maria Doberck was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buy Or Sell Opportunity • Oct 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.4% to kr81.05. The fair value is estimated to be kr66.95, however this is not to be taken as a sell 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 16%. Revenue is forecast to grow by 4.6% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr2.55 (vs kr2.17 in 3Q 2023) Third quarter 2024 results: EPS: kr2.55 (up from kr2.17 in 3Q 2023). Revenue: kr15.7b (up 3.7% from 3Q 2023). Net income: kr732.0m (up 18% from 3Q 2023). Profit margin: 4.7% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Jul 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (108% net debt to equity). Profit margins are more than 30% lower than last year (2.3% net profit margin). Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: kr2.07 (vs kr4.14 in 2Q 2023) Second quarter 2024 results: EPS: kr2.07 (down from kr4.14 in 2Q 2023). Revenue: kr16.9b (up 5.2% from 2Q 2023). Net income: kr596.0m (down 50% from 2Q 2023). Profit margin: 3.5% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annonce • May 08
Peab AB (Publ) Approves Dividend, Payable on May 14, 2024 Peab AB (publ) held its Annual General Meeting on May 6, 2024, Annual General Meeting decided according to the Board of Directors' proposal on a dividend of SEK 1.50 per share for the financial year. May 8, 2024 was adopted as the record date for dividend distribution. The dividend will be distributed from Euroclear Sweden AB on May 14, 2024. Reported Earnings • May 07
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr11.5b (down 12% from 1Q 2023). Net loss: kr57.0m (loss widened 63% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Construction industry in the United Kingdom. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: kr6.92 (vs kr6.27 in FY 2022) Full year 2023 results: EPS: kr6.92 (up from kr6.27 in FY 2022). Revenue: kr61.6b (flat on FY 2022). Net income: kr1.99b (up 8.5% from FY 2022). Profit margin: 3.2% (up from 3.0% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year. Buy Or Sell Opportunity • Mar 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.2% to kr59.75. The fair value is estimated to be kr49.17, however this is not to be taken as a sell 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 15%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are also forecast to decline by 4.0% per annum over the same time period. Recent Insider Transactions • Feb 16
CEO & President recently bought kr2.0m worth of stock On the 14th of February, Jesper Göransson bought around 35k shares on-market at roughly kr56.10 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jesper's only on-market trade for the last 12 months. Declared Dividend • Feb 11
Dividend reduced to kr1.50 Dividend of kr1.50 is 63% lower than last year. Ex-date: 7th May 2024 Payment date: 14th May 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Recent Insider Transactions • Feb 04
Insider recently bought kr837k worth of stock On the 2nd of February, Stefan Danielsson bought around 16k shares on-market at roughly kr52.99 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.0m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: kr6.92 (vs kr6.27 in FY 2022) Full year 2023 results: EPS: kr6.92 (up from kr6.27 in FY 2022). Revenue: kr61.6b (flat on FY 2022). Net income: kr1.99b (up 8.5% from FY 2022). Profit margin: 3.2% (up from 3.0% in FY 2022). Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. Annonce • Jan 19
Peab AB (publ) Proposes Dividend for the Year 2023 Peab AB (publ) intended to propose that the Annual General Meeting resolves on a distribution of a dividend of SEK 1.50 per share for the year 2023. Annonce • Dec 07
URBZ Capital. agreed to acquire 23,900 square metres logistics projects in Stockholm South, Almnäs, Södertälje from Peab AB. URBZ Capital. agreed to acquire 23,900 square metres logistics projects in Stockholm South, Almnäs, Södertälje from Peab AB on December 6, 2023. The two logistics facilities are 23,900 m2 in total and production started in the third quarter 2023. They will be delivered in the fourth quarter 2024 when they have been completed Annonce • Nov 02
Peab AB (Publ) Announces Board Appointments Peab AB (publ) announced members of the nomination committee for the company's Annual General Meeting 2024 have now been appointed. The nomination committee will therefore consist of the following members: Anders Sundström, Ekhaga Utveckling AB; Ulf Liljedahl, AB Axel Granlund; Christer Sterndahlen, Cicero Fonder; Anders Runevad, Chairman of the Board of Peab AB. Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr15.2b (down 6.4% from 3Q 2022). Net income: kr623.0m (down 12% from 3Q 2022). Profit margin: 4.1% (down from 4.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Annonce • Jul 15
Peab AB (publ) to Report Fiscal Year 2023 Results on Feb 02, 2024 Peab AB (publ) announced that they will report fiscal year 2023 results on Feb 02, 2024 Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr16.1b (down 2.2% from 2Q 2022). Net income: kr1.19b (up 101% from 2Q 2022). Profit margin: 7.4% (up from 3.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 3.1%. Buying Opportunity • Jul 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be kr59.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to decline by 3.4% in 2 years. Earnings is forecast to grow by 0.9% in the next 2 years. New Risk • Jul 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Recent Insider Transactions • May 19
Chief Financial Officer recently bought kr569k worth of stock On the 16th of May, Niclas Winkvist bought around 12k shares on-market at roughly kr48.19 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Niclas has been a buyer over the last 12 months, purchasing a net total of kr2.4m worth in shares. Annonce • May 06
Peab AB (Publ) Approves the Proposal of A Dividend for the Financial Year of 2022 Peab AB (publ) approved the Board's proposal of a dividend for the financial year of 2022 of SEK 4.00 per share. May 8, 2023 was adopted as the record date for dividend distribution. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr13.0b (up 6.9% from 1Q 2022). Net loss: kr35.0m (loss widened 25% from 1Q 2022). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 2.9%. Upcoming Dividend • Apr 28
Upcoming dividend of kr4.00 per share at 7.7% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: kr61.9b (up 5.1% from FY 2021). Net income: kr1.83b (down 23% from FY 2021). Profit margin: 3.0% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be kr60.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is forecast to grow by 1.7% per annum over the same time period. Recent Insider Transactions • Feb 10
CEO & President recently bought kr1.1m worth of stock On the 3rd of February, Jesper Göransson bought around 18k shares on-market at roughly kr63.92 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of kr11m worth in shares. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr6.27 (vs kr8.06 in FY 2021) Full year 2022 results: EPS: kr6.27 (down from kr8.06 in FY 2021). Revenue: kr61.9b (up 5.1% from FY 2021). Net income: kr1.83b (down 23% from FY 2021). Profit margin: 3.0% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Annonce • Feb 04
Peab AB (Publ) Proposes Dividend for the Year 2022 The board of Peab AB (publ) proposed dividend of SEK 4.00 per share (SEK 5.00 per share) for the financial year 2022. Recent Insider Transactions • Jan 01
Independent Director recently bought kr117k worth of stock On the 29th of December, Karl-Axel Granlund bought around 2k shares on-market at roughly kr58.70 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr42m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr16.2b (up 4.6% from 3Q 2021). Net income: kr711.0m (down 8.8% from 3Q 2021). Profit margin: 4.4% (down from 5.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to remain flat. 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 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 22
Chief Financial Officer recently bought kr311k worth of stock On the 15th of July, Niclas Winkvist bought around 5k shares on-market at roughly kr62.15 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr4.0m. Niclas has been a buyer over the last 12 months, purchasing a net total of kr5.9m worth in shares. Reported Earnings • Jul 17
Second quarter 2022 earnings released: EPS: kr2.00 (vs kr1.95 in 2Q 2021) Second quarter 2022 results: EPS: kr2.00 (up from kr1.95 in 2Q 2021). Revenue: kr16.5b (up 11% from 2Q 2021). Net income: kr590.0m (up 2.6% from 2Q 2021). Profit margin: 3.6% (down from 3.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.2%, compared to a 5.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 17
Director recently bought kr2.9m worth of stock On the 12th of May, Fredrik Paulsson bought around 41k shares on-market at roughly kr71.83 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr4.0m. Despite this recent purchase, insiders have collectively sold kr31m more in shares than they bought in the last 12 months. Recent Insider Transactions • May 11
CEO & President recently bought kr3.1m worth of stock On the 6th of May, Jesper Göransson bought around 41k shares on-market at roughly kr74.60 per share. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of kr8.1m worth in shares. Reported Earnings • May 09
First quarter 2022 earnings released: kr0.095 loss per share (vs kr0.34 loss in 1Q 2021) First quarter 2022 results: kr0.095 loss per share (up from kr0.34 loss in 1Q 2021). Revenue: kr12.1b (up 9.1% from 1Q 2021). Net loss: kr28.0m (loss narrowed 72% from 1Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 6.2% growth forecast for the industry in the United Kingdom. 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 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 29
Upcoming dividend of kr5.00 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 62% and the cash payout ratio is 76%. Trailing yield: 5.3%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (3.6%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Malin Persson was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 20
Full year 2021 earnings released: EPS: kr8.06 (vs kr10.79 in FY 2020) Full year 2021 results: EPS: kr8.06 (down from kr10.79 in FY 2020). Revenue: kr58.9b (down 1.6% from FY 2020). Net income: kr2.38b (down 25% from FY 2020). Profit margin: 4.0% (down from 5.3% in FY 2020). Over the next year, revenue is forecast to grow 5.7%, compared to a 5.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Recent Insider Transactions • Feb 08
CEO & President recently bought kr4.6m worth of stock On the 7th of February, Jesper Göransson bought around 41k shares on-market at roughly kr111 per share. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of kr8.7m worth in shares. Reported Earnings • Feb 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr8.06 (down from kr10.79 in FY 2020). Revenue: kr58.9b (down 1.6% from FY 2020). Net income: kr2.38b (down 25% from FY 2020). Profit margin: 4.0% (down from 5.3% in FY 2020). Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 5.5%, compared to a 3.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 05
Peab AB (publ) to Report Fiscal Year 2022 Results on Feb 03, 2023 Peab AB (publ) announced that they will report fiscal year 2022 results on Feb 03, 2023 Recent Insider Transactions • Oct 29
Chief Financial Officer recently bought kr693k worth of stock On the 27th of October, Niclas Winkvist bought around 7k shares on-market at roughly kr100 per share. This was the largest purchase by an insider in the last 3 months. Niclas has been a buyer over the last 12 months, purchasing a net total of kr3.2m worth in shares. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr2.64 (vs kr2.85 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr15.5b (down 4.4% from 3Q 2020). Net income: kr780.0m (down 7.1% from 3Q 2020). Profit margin: 5.0% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Recent Insider Transactions • Jul 20
CEO & President recently bought kr517k worth of stock On the 16th of July, Jesper Göransson bought around 5k shares on-market at roughly kr103 per share. In the last 3 months, they made an even bigger purchase worth kr1.2m. Jesper has been a buyer over the last 12 months, purchasing a net total of kr4.1m worth in shares. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr1.95 (vs kr1.84 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: kr14.8b (down 6.2% from 2Q 2020). Net income: kr575.0m (up 5.9% from 2Q 2020). Profit margin: 3.9% (up from 3.4% in 2Q 2020). The increase in margin was driven by lower expenses. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • May 12
Independent Chairman of the Board Goran Grosskopf has left the company On the 6th of May, Goran Grosskopf's tenure as Independent Chairman of the Board ended after 15.7 years in the role. As of December 2020, Goran personally held 1.28m shares (kr115m worth at the time). Goran is the only executive to leave the company over the last 12 months. Recent Insider Transactions • May 09
CEO & President recently bought kr1.2m worth of stock On the 7th of May, Jesper Göransson bought around 10k shares on-market at roughly kr119 per share. In the last 3 months, they made an even bigger purchase worth kr2.4m. Jesper has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares. 
