Upcoming Dividend • Jun 10
Upcoming dividend of kr.2.00 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.7%). Declared Dividend • May 21
Dividend of kr.2.00 announced Dividend of kr.2.00 is the same as last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (14% 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 grow by 98% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 20
Full year 2026 earnings released: EPS: kr.6.44 (vs kr.7.42 in FY 2025) Full year 2026 results: EPS: kr.6.44 (down from kr.7.42 in FY 2025). Revenue: kr.8.78b (up 4.7% from FY 2025). Net income: kr.243.0m (down 14% from FY 2025). Profit margin: 2.8% (down from 3.4% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: kr.4.95 (vs kr.5.30 in 3Q 2025) Third quarter 2026 results: EPS: kr.4.95 (down from kr.5.30 in 3Q 2025). Revenue: kr.2.78b (up 3.0% from 3Q 2025). Net income: kr.186.0m (down 7.5% from 3Q 2025). Profit margin: 6.7% (down from 7.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. New Risk • Jan 27
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: 2.1% 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: Minor Risks High level of debt (75% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr.103, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 45% over the past three years. お知らせ • Jan 09
Matas A/S Revises Group Earnings Guidance for the Financial Year 2025/26 Matas A/S revised group earnings guidance for the financial year 2025/26. For the year, the group revenue is now expected to grow between 3% and 4% as compared to 3% and 7% previously. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: kr.0.64 (vs kr.0.64 in 2Q 2025) Second quarter 2026 results: EPS: kr.0.64 (in line with 2Q 2025). Revenue: kr.1.95b (up 5.1% from 2Q 2025). Net income: kr.24.0m (flat on 2Q 2025). Profit margin: 1.2% (down from 1.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: kr.1.67 (vs kr.1.56 in 1Q 2025) First quarter 2026 results: EPS: kr.1.67 (up from kr.1.56 in 1Q 2025). Revenue: kr.2.07b (up 6.0% from 1Q 2025). Net income: kr.64.0m (up 8.5% from 1Q 2025). Profit margin: 3.1% (up from 3.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Specialty Retail 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 21% per year, which means it is well ahead of earnings. お知らせ • Jun 23
Matas A/S (CPSE:MATAS) commences an Equity Buyback Plan, under the authorization approved on June 16, 2025. Matas A/S (CPSE:MATAS) commences share repurchases on June 17, 2025, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2025. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital. The purchase price must not deviate by more than 10% from the price quoted on NASDAQ OMX Copenhagen at the time of purchase. The share repurchase program is valid until the next Annual General Meeting in 2026. As of May 23, 2025, the company had 38,291,492 shares in issue.
On June 16, 2025, the company announced a share buyback program. Under the program, company will repurchase up to 1,400,000 shares, for DKK 140 million. The purpose of program is reducing the Company’s share capital and meeting obligations under long-term incentive program. The Program will run in the period from June 17, 2025 until and including March 31, 2026. Reported Earnings • May 23
Full year 2025 earnings released: EPS: kr.7.42 (vs kr.4.45 in FY 2024) Full year 2025 results: EPS: kr.7.42 (up from kr.4.45 in FY 2024). Revenue: kr.8.38b (up 25% from FY 2024). Net income: kr.282.0m (up 67% from FY 2024). Profit margin: 3.4% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Specialty Retail 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 16% per year, which means it is well ahead of earnings. お知らせ • Apr 26
Matas A/S, Annual General Meeting, Jun 16, 2025 Matas A/S, Annual General Meeting, Jun 16, 2025. Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: kr.5.30 (vs kr.4.29 in 3Q 2024) Third quarter 2025 results: EPS: kr.5.30 (up from kr.4.29 in 3Q 2024). Revenue: kr.2.69b (up 7.4% from 3Q 2024). Net income: kr.201.0m (up 23% from 3Q 2024). Profit margin: 7.5% (up from 6.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. お知らせ • Jan 07
Matas A/S Updates Earnings Guidance for the Financial Year 2024/25 Matas A/S updated earnings guidance for the financial year 2024/25. Matas Group updated its guidance for the financial year 2024/25 as follows: Group revenue is now expected to grow between 6.5% and 7.5% (from 5% and 7%) currency neutral, corresponding to ~6.3% to 7.3% exchange rate adjusted1 (previously ~4.6% to 6.6%), from the proforma revenue for 2023/24 of DKK 7.8 billion. Recent Insider Transactions • Dec 15
Chief Executive Officer recently sold kr.13m worth of stock On the 10th of December, Gregers Wedell-Wedellsborg sold around 100k shares on-market at roughly kr.132 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregers' only on-market trade for the last 12 months. Recent Insider Transactions • Nov 21
Chief Financial Officer recently bought kr.991k worth of stock On the 15th of November, Per Madsen bought around 8k shares on-market at roughly kr.124 per share. This transaction amounted to 16% 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 Per's only on-market trade for the last 12 months. Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: kr.0.64 (vs kr.0.04 in 2Q 2024) Second quarter 2025 results: EPS: kr.0.64 (up from kr.0.04 in 2Q 2024). Revenue: kr.1.85b (up 44% from 2Q 2024). Net income: kr.24.0m (up kr.22.4m from 2Q 2024). Profit margin: 1.3% (up from 0.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. お知らせ • Oct 24
Matas A/S ALMINDELIG AKTIE to Be Deleted from OTC Equity Matas A/S ALMINDELIG AKTIE (Denmark) will be deleted from OTC Equity effective October 23, 2024, due to Inactive Security. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: kr.1.56 (vs kr.1.29 in 1Q 2024) First quarter 2025 results: EPS: kr.1.56 (up from kr.1.29 in 1Q 2024). Revenue: kr.1.96b (up 70% from 1Q 2024). Net income: kr.59.0m (up 20% from 1Q 2024). Profit margin: 3.0% (down from 4.3% in 1Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the United Kingdom. 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. Declared Dividend • Jun 13
Dividend of kr.2.00 announced Dividend of kr.2.00 is the same as last year. Ex-date: 20th June 2024 Payment date: 24th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (32% 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 grow by 134% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 29
Full year 2024 earnings released: EPS: kr.4.45 (vs kr.7.41 in FY 2023) Full year 2024 results: EPS: kr.4.45 (down from kr.7.41 in FY 2023). Revenue: kr.6.70b (up 49% from FY 2023). Net income: kr.169.0m (down 40% from FY 2023). Profit margin: 2.5% (down from 6.3% in FY 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: kr.4.29 (vs kr.3.88 in 3Q 2023) Third quarter 2024 results: EPS: kr.4.29 (up from kr.3.88 in 3Q 2023). Revenue: kr.2.51b (up 80% from 3Q 2023). Net income: kr.163.2m (up 11% from 3Q 2023). Profit margin: 6.5% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr.129, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 67% over the past three years. お知らせ • Jan 09
Matas A/S Provides Revised Earnings Guidance for the Year 2024 Matas A/S provided revised earnings guidance for the year 2024. Group total revenue is now expected in the range of DKK 6,650 million to DKK 6,750 million (previously DKK 6,400 million to DKK 6,600 million). New Risk • Nov 15
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 53% 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 (53% net debt to equity). Profit margins are more than 30% lower than last year (4.4% net profit margin). Significant insider selling over the past 3 months (kr.5.7m sold). Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: kr.0.04 (vs kr.1.23 in 2Q 2023) Second quarter 2024 results: EPS: kr.0.04 (down from kr.1.23 in 2Q 2023). Revenue: kr.1.29b (up 30% from 2Q 2023). Net income: kr.1.60m (down 97% from 2Q 2023). Profit margin: 0.1% (down from 4.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. お知らせ • Nov 11
Matas A/S Maintains Earnings Guidance for the Financial Year 2024 Matas A/S maintained earnings guidance for the financial year 2024. The company maintains its guidance for the financial year 2023/24 to revenue in the range of DKK 6,400 million - DKK 6,600 million. Recent Insider Transactions • Sep 11
Chief Executive Officer recently sold kr.5.7m worth of stock On the 6th of September, Gregers Wedell-Wedellsborg sold around 51k shares on-market at roughly kr.110 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gregers' only on-market trade for the last 12 months. お知らせ • Sep 01
Matas A/S (CPSE:MATAS) completed the acquisition of Kicks AB from Axel Johnson AB. Matas A/S (CPSE:MATAS) signed an agreement to acquire Kicks AB from Axel Johnson AB for SEK 1.1 billion on June 29, 2023. The consideration will be satisfied with cash. Transaction will be fully debt financed. The transaction is expected to close in Q3 of the calendar year 2023 and is not subject to any regulatory approvals. FIH Partners is acting as financial advisor to Matas and Gorrissen Federspiel is acting as legal advisor to Matas on the transaction.
Matas A/S (CPSE:MATAS) completed the acquisition of Kicks AB from Axel Johnson AB on August 31, 2023. お知らせ • Aug 17
Matas A/S Upgrades Earnings Guidance for the Financial Year 2023/24 Matas A/S upgraded earnings guidance for the financial year 2023/24. For the year, the company revenue growth is now expected to be in the range of 4%-7% (previously 3%-6%). Reported Earnings • Aug 17
First quarter 2024 earnings released: EPS: kr.1.29 (vs kr.1.83 in 1Q 2023) First quarter 2024 results: EPS: kr.1.29 (down from kr.1.83 in 1Q 2023). Revenue: kr.1.15b (up 9.2% from 1Q 2023). Net income: kr.49.0m (down 29% from 1Q 2023). Profit margin: 4.3% (down from 6.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to kr.101, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Specialty Retail industry in the United Kingdom. Total returns to shareholders of 78% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of kr.2.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 04 July 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.2%). お知らせ • Jun 07
Matas A/S Announces Lars Jensen Has Notifies the Board of Directors That He Will Not Stand for Re-Election as Director Matas A/S at its Annual General Meeting to be held on 29 June 2023, Lars Jensen has notified the Board of Directors that he will not stand for re-election due to his commitments as CEO. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: kr.7.41 (vs kr.7.27 in FY 2022) Full year 2023 results: EPS: kr.7.41 (up from kr.7.27 in FY 2022). Revenue: kr.4.49b (up 3.3% from FY 2022). Net income: kr.280.7m (up 1.5% from FY 2022). Profit margin: 6.3% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Buying Opportunity • May 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be kr.105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 5.4% in 2 years. Earnings is forecast to grow by 1.0% in the next 2 years. Buying Opportunity • Apr 19
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be kr.106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 3.6% in 2 years. Earnings is forecast to grow by 1.0% in the next 2 years. Buying Opportunity • Apr 03
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be kr.105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 3.6% in 2 years. Earnings is forecast to grow by 1.0% in the next 2 years. Buying Opportunity • Mar 06
Now 21% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be kr.105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 3.6% in 2 years. Earnings is forecast to grow by 1.0% in the next 2 years. Buying Opportunity • Feb 10
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be kr.105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 3.6% in 2 years. Earnings is forecast to grow by 1.0% in the next 2 years. Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: kr.3.88 (vs kr.3.87 in 3Q 2022) Third quarter 2023 results: EPS: kr.3.88 (up from kr.3.87 in 3Q 2022). Revenue: kr.1.40b (up 1.3% from 3Q 2022). Net income: kr.147.3m (flat on 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. お知らせ • Jan 05
Matas A/S Revises Revenue Guidance for the Financial Year 2022/23 Matas A/S revised revenue guidance for the financial year 2022/23. For the year, the company narrows its guidance for the financial year 2022/23 and now expects revenue growth between 1% and 3%, previously between 1% and 4%. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: kr.1.23 (vs kr.0.95 in 2Q 2022) Second quarter 2023 results: EPS: kr.1.23 (up from kr.0.95 in 2Q 2022). Revenue: kr.989.2m (up 1.6% from 2Q 2022). Net income: kr.46.7m (up 28% from 2Q 2022). Profit margin: 4.7% (up from 3.7% in 2Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: kr.1.23 (vs kr.0.95 in 2Q 2022) Second quarter 2023 results: EPS: kr.1.23 (up from kr.0.95 in 2Q 2022). Revenue: kr.989.2m (up 1.6% from 2Q 2022). Net income: kr.46.7m (up 28% from 2Q 2022). Profit margin: 4.7% (up from 3.7% in 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Reported Earnings • Aug 20
First quarter 2023 earnings released: EPS: kr.1.83 (vs kr.1.41 in 1Q 2022) First quarter 2023 results: EPS: kr.1.83 (up from kr.1.41 in 1Q 2022). Revenue: kr.1.05b (up 3.2% from 1Q 2022). Net income: kr.69.1m (up 28% from 1Q 2022). Profit margin: 6.6% (up from 5.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.8%, compared to a 8.7% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Jun 22
Upcoming dividend of kr.2.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (3.2%). Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: kr.7.27 (vs kr.7.03 in FY 2021) Full year 2022 results: EPS: kr.7.27 (up from kr.7.03 in FY 2021). Revenue: kr.4.34b (up 4.3% from FY 2021). Net income: kr.276.5m (up 2.8% from FY 2021). Profit margin: 6.4% (down from 6.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.2%, compared to a 11% growth forecast for the retail 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 9% per year. Buying Opportunity • Jun 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be kr.118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 5.7% in 2 years. Earnings is forecast to grow by 40% in the next 2 years. Reported Earnings • Feb 12
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: kr.3.87 (down from kr.4.04 in 3Q 2021). Revenue: kr.1.38b (up 5.0% from 3Q 2021). Net income: kr.146.7m (down 5.0% from 3Q 2021). Profit margin: 11% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 2.3%, compared to a 12% 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 increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS kr.0.95 (vs kr.1.35 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: kr.973.9m (up 4.4% from 2Q 2021). Net income: kr.36.4m (down 29% from 2Q 2021). Profit margin: 3.7% (down from 5.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Aug 21
First quarter 2022 earnings released: EPS kr.1.41 (vs kr.1.22 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: kr.1.02b (up 7.9% from 1Q 2021). Net income: kr.54.1m (up 16% from 1Q 2021). Profit margin: 5.3% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Executive Departure • Jul 13
Independent Director Signe Hilstrøm has left the company On the 30th of June, Signe Hilstrøm's tenure as Independent Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Signe's name. Signe is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.67 years. Upcoming Dividend • Jun 23
Upcoming dividend of kr.2.00 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 02 July 2021. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.5%). Reported Earnings • May 28
Full year 2021 earnings released: EPS kr.7.03 (vs kr.5.01 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: kr.4.16b (up 13% from FY 2020). Net income: kr.269.0m (up 41% from FY 2020). Profit margin: 6.5% (up from 5.2% in FY 2020). The increase in margin was driven by higher revenue. Like-for-like sales growth: 13.5% vs FY 2020 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 21% per year, which means it is well ahead of earnings. Reported Earnings • Feb 26
Third quarter 2021 earnings released: EPS kr.4.04 (vs kr.3.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.1.31b (up 12% from 3Q 2020). Net income: kr.154.5m (up 31% from 3Q 2020). Profit margin: 12% (up from 10.0% in 3Q 2020). The increase in margin was driven by higher revenue. 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 7% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 1.5%, compared to a 5.6% growth forecast for the Specialty Retail industry in the United Kingdom. Is New 90 Day High Low • Jan 08
New 90-day high: kr.88.10 The company is up 9.0% from its price of kr.80.70 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.137 per share. Is New 90 Day High Low • Dec 24
New 90-day high: kr.85.10 The company is up 18% from its price of kr.72.30 on 25 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.135 per share. Is New 90 Day High Low • Nov 07
New 90-day high: kr.84.90 The company is up 21% from its price of kr.70.25 on 07 August 2020. The British market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.114 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 3.8%, compared to a 3.3% growth forecast for the Specialty Retail industry in the United Kingdom. Reported Earnings • Nov 07
Second quarter 2021 earnings released: EPS kr.1.35 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr.932.6m (up 13% from 2Q 2020). Net income: kr.51.5m (up 98% from 2Q 2020). Profit margin: 5.5% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 07
New 90-day high: kr.77.00 The company is up 27% from its price of kr.60.80 on 09 July 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr.113 per share.