Buy Or Sell Opportunity • Jul 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €6.80. The fair value is estimated to be €8.67, 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 11%. Buy Or Sell Opportunity • Jun 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.4% to €6.76. The fair value is estimated to be €8.55, 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 11%. Buy Or Sell Opportunity • Jun 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €6.68. The fair value is estimated to be €8.61, 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 11%. Declared Dividend • May 29
Dividend of kr1.25 announced Shareholders will receive a dividend of kr1.25. Ex-date: 24th November 2026 Payment date: 30th November 2026 Dividend yield will be 19%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 12% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover. Declared Dividend • May 20
Dividend of kr1.25 announced Shareholders will receive a dividend of kr1.25. Ex-date: 22nd May 2026 Payment date: 28th May 2026 Dividend yield will be 17%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 12% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next year, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
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. 3 experienced directors. 4 highly experienced directors. Director Tina Englyst was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
FM Mattsson AB (publ), Annual General Meeting, May 21, 2026 FM Mattsson AB (publ), Annual General Meeting, May 21, 2026. Location: at mora, Sweden Announcement • Apr 09
FM Mattsson AB (publ), Annual General Meeting, May 15, 2025 FM Mattsson AB (publ), Annual General Meeting, May 15, 2025, at 17:00 W. Europe Standard Time. Location: mora parken, mora Sweden Announcement • Feb 02
FM Mattsson AB (publ) to Report Fiscal Year 2024 Final Results on Apr 15, 2025 FM Mattsson AB (publ) announced that they will report fiscal year 2024 final results at 8:00 AM, Central European Standard Time on Apr 15, 2025 Upcoming Dividend • Nov 12
Upcoming dividend of kr1.25 per share Eligible shareholders must have bought the stock before 19 November 2024. Payment date: 25 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: 4.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.0%). Reported Earnings • Nov 05
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr429.4m (down 4.4% from 3Q 2023). Net income: kr21.7m (down 40% from 3Q 2023). Profit margin: 5.1% (down from 8.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 20% per year. Announcement • Oct 09
FM Mattsson AB (Publ) Announces Appointment of Nomination Committee FM Mattsson AB (publ) announced that In accordance with the resolution by a previous Annual General Meeting for FM Mattsson AB, the Nomination Committee shall consist of one representative of each of the three largest shareholders. FM Mattsson AB announces that the Nomination Committee has been appointed for the Annual General Meeting in May 2025. Nomination Committee: Hans Karlsson, Chairman of the Nomination Committee, representing Tibia Konsult AB, LK Finans AB och Svolder AB; Mats Rylander, representing larger group of shareholders; Åsa Mattsson, representing larger group of shareholders. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: kr0.80 (vs kr0.93 in 2Q 2023) Second quarter 2024 results: EPS: kr0.80 (down from kr0.93 in 2Q 2023). Revenue: kr4.92b (up kr4.41b from 2Q 2023). Net income: kr0 (down kr39.2m from profit in 2Q 2023). Profit margin: 0% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Upcoming Dividend • May 10
Upcoming dividend of kr1.25 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 23 May 2024. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.6%). Reported Earnings • May 08
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr493.4m (down 7.5% from 1Q 2023). Net income: kr28.2m (down 47% from 1Q 2023). Profit margin: 5.7% (down from 9.9% 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 2% per year whereas the company’s share price has fallen by 7% per year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.80, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 16x in the Building industry in Europe. Total loss to shareholders of 6.6% over the past three years. Declared Dividend • Mar 01
Dividend of kr2.50 announced Shareholders will receive a dividend of kr2.50. Ex-date: 17th May 2024 Payment date: 23rd May 2024 Dividend yield will be 52%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 16% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: kr3.48 (vs kr4.57 in FY 2022) Full year 2023 results: EPS: kr3.48 (down from kr4.57 in FY 2022). Revenue: kr1.94b (flat on FY 2022). Net income: kr147.3m (down 24% from FY 2022). Profit margin: 7.6% (down from 10.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 21
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €4.36. The fair value is estimated to be €3.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Nov 06
Third quarter 2023 earnings released: EPS: kr0.85 (vs kr0.69 in 3Q 2022) Third quarter 2023 results: EPS: kr0.85 (up from kr0.69 in 3Q 2022). Revenue: kr449.2m (up 6.3% from 3Q 2022). Net income: kr36.1m (up 23% from 3Q 2022). Profit margin: 8.0% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr506.6m (down 7.3% from 2Q 2022). Net income: kr39.2m (down 36% from 2Q 2022). Profit margin: 7.7% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 05
Upcoming dividend of kr2.50 per share at 4.3% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (4.2%). Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: kr4.57 (vs kr5.62 in FY 2021) Full year 2022 results: EPS: kr4.57 (down from kr5.62 in FY 2021). Revenue: kr1.93b (up 5.5% from FY 2021). Net income: kr193.4m (down 19% from FY 2021). Profit margin: 10.0% (down from 13% 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 37% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: kr4.57 (vs kr5.62 in FY 2021) Full year 2022 results: EPS: kr4.57 (down from kr5.62 in FY 2021). Revenue: kr1.93b (up 5.5% from FY 2021). Net income: kr193.4m (down 19% from FY 2021). Profit margin: 10.0% (down from 13% 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 37% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 4 experienced directors. 2 highly experienced directors. Employee Representative Director Claes Frisk was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr422.7m (up 1.7% from 3Q 2021). Net income: kr29.4m (down 40% from 3Q 2021). Profit margin: 7.0% (down from 12% 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 46% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Oct 08
FM Mattsson Mora Group AB (publ) (OM:FMM B) acquired Aqua Invent I Lomma Ab. FM Mattsson Mora Group AB (publ) (OM:FMM B) acquired Aqua Invent I Lomma Ab on October 7, 2022. Aqua Invent delivered revenue of SEK 16 million during 2021.
FM Mattsson Mora Group AB (publ) (OM:FMM B) completed the acquisition of Aqua Invent I Lomma Ab on October 7, 2022. Announcement • Oct 07
FM Mattsson Mora Group AB (publ), Annual General Meeting, May 11, 2023 FM Mattsson Mora Group AB (publ), Annual General Meeting, May 11, 2023. Buying Opportunity • Jul 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be €7.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 41%. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 15% share price gain to €6.20, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 16x in the Building industry in Europe. Total returns to shareholders of 131% over the past three years. Board Change • Jun 02
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. 2 highly experienced directors. Independent Director Hakan Broman was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 08
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr496.6m (up 16% from 1Q 2021). Net income: kr65.8m (up 19% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Upcoming Dividend • May 06
Upcoming dividend of kr7.50 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to €22.00, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 17x in the Building industry in Europe. Total returns to shareholders of 231% over the past three years. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr16.87 (up from kr6.24 in FY 2020). Revenue: kr1.82b (up 19% from FY 2020). Net income: kr237.3m (up 174% from FY 2020). Profit margin: 13% (up from 5.6% 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 38% per year whereas the company’s share price has increased by 40% per year. Announcement • Feb 24
FM Mattsson Mora Group AB (publ) Proposes Dividend for the Year Ended December 31, 2021 FM Mattsson Mora Group AB (publ) announced that the Board of Directors proposes a dividend of SEK 7.50 per share for the year ended December 31, 2021. Announcement • Jan 06
FM Mattsson Mora Group AB (publ)(OM:FMM B) dropped from OMX Nordic Small Cap Index "FM Mattsson Mora Group AB (publ) has been removed from OMX Nordic Small Cap Index Reported Earnings • Oct 30
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: kr415.6m (up 17% from 3Q 2020). Net income: kr48.6m (up 43% from 3Q 2020). Profit margin: 12% (up from 9.6% 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 24% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improved over the past week After last week's 17% share price gain to €26.50, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 19x in the Building industry in Europe. Total returns to shareholders of 333% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 25% share price gain to €26.40, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 23x in the Building industry in Europe. Total returns to shareholders of 322% over the past three years. Reported Earnings • Aug 28
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr491.7m (up 35% from 2Q 2020). Net income: kr77.2m (up kr75.8m from 2Q 2020). Profit margin: 16% (up from 0.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr428.1m (up 2.0% from 1Q 2020). Net income: kr55.5m (up 33% from 1Q 2020). Profit margin: 13% (up from 9.9% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 05
Upcoming dividend of kr4.50 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 19 May 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 17% share price gain to kr17.30, the stock is trading at a trailing P/E ratio of 28.3x, up from the previous P/E ratio of 24.1x. This compares to an average P/E of 23x in the Building industry in Europe. Total returns to shareholders over the past three years are 123%. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr16.10, the stock is trading at a trailing P/E ratio of 26.7x, down from the previous P/E ratio of 31.4x. This compares to an average P/E of 22x in the Building industry in Europe. Total returns to shareholders over the past three years are 101%. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr16.45, the stock is trading at a trailing P/E ratio of 28.6x, down from the previous P/E ratio of 33.9x. This compares to an average P/E of 22x in the Building industry in Europe. Total returns to shareholders over the past three years are 106%. Is New 90 Day High Low • Dec 30
New 90-day high: €16.85 The company is up 48% from its price of €11.40 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 16% over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 15% share price gain to kr15.70, the stock is trading at a trailing P/E ratio of 26.4x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 95%. Is New 90 Day High Low • Nov 10
New 90-day high: €13.55 The company is up 41% from its price of €9.60 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 9.0% over the same period. Announcement • Nov 05
FM Mattsson Mora Group AB (publ), Annual General Meeting, May 11, 2021 FM Mattsson Mora Group AB (publ), Annual General Meeting, May 11, 2021, at 07:30 Central European Standard Time. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS kr2.45 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr355.4m (up 10% from 3Q 2019). Net income: kr34.0m (up 39% from 3Q 2019). Profit margin: 9.6% (up from 7.6% in 3Q 2019). 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 whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Oct 29
Market bids up stock over the past week After last week's 15% share price gain to kr13.50, the stock is trading at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.9x. This compares to an average P/E of 19x in the Building industry in Europe. Total returns to shareholders over the past three years are 65%. Is New 90 Day High Low • Oct 21
New 90-day high: €11.70 The company is up 25% from its price of €9.34 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 6.0% over the same period.