Systemair AB (publ), a ventilation company, designs, develops, manufactures, and markets ventilation products and systems.
Solid track record and good value.
Share Price & News
How has Systemair's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 52S's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 52S exceeded the German Building industry which returned -7% over the past year.
Return vs Market: 52S exceeded the German Market which returned -17.2% over the past year.
Price Volatility Vs. Market
How volatile is Systemair's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Systemair undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 52S (€9.9) is trading below our estimate of fair value (€12.42)
Significantly Below Fair Value: 52S is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 52S is good value based on its PE Ratio (13.7x) compared to the Building industry average (15.4x).
PE vs Market: 52S is good value based on its PE Ratio (13.7x) compared to the German market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: 52S is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 52S is overvalued based on its PB Ratio (2x) compared to the DE Building industry average (1x).
How is Systemair forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 52S's forecast earnings growth (13.2% per year) is above the savings rate (-0.4%).
Earnings vs Market: 52S's earnings (13.2% per year) are forecast to grow slower than the German market (14.5% per year).
High Growth Earnings: 52S's earnings are forecast to grow, but not significantly.
Revenue vs Market: 52S's revenue (4.4% per year) is forecast to grow faster than the German market (4.1% per year).
High Growth Revenue: 52S's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 52S's Return on Equity is forecast to be low in 3 years time (16.1%).
How has Systemair performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 52S has high quality earnings.
Growing Profit Margin: 52S's current net profit margins (5.1%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: 52S's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: 52S's earnings growth over the past year (81.3%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: 52S earnings growth over the past year (81.3%) exceeded the Building industry 7.6%.
Return on Equity
High ROE: 52S's Return on Equity (14.8%) is considered low.
How is Systemair's financial position?
Financial Position Analysis
Short Term Liabilities: 52S's short term assets (SEK3.7B) exceed its short term liabilities (SEK2.5B).
Long Term Liabilities: 52S's short term assets (SEK3.7B) exceed its long term liabilities (SEK1.5B).
Debt to Equity History and Analysis
Debt Level: 52S's debt to equity ratio (70.7%) is considered high.
Reducing Debt: 52S's debt to equity ratio has increased from 60.5% to 70.7% over the past 5 years.
Debt Coverage: 52S's debt is well covered by operating cash flow (34.2%).
Interest Coverage: 52S's interest payments on its debt are well covered by EBIT (18.1x coverage).
Inventory Level: 52S has a high level of physical assets or inventory.
Debt Coverage by Assets: 52S's debt is covered by short term assets (assets are 1.7x debt).
What is Systemair's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 52S's dividend (1.65%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: 52S's dividend (1.65%) is low compared to the top 25% of dividend payers in the German market (4.87%).
Stability and Growth of Payments
Stable Dividend: 52S's dividend payments have been volatile in the past 10 years.
Growing Dividend: 52S's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.5%), 52S's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 52S's dividends in 3 years are forecast to be well covered by earnings (30.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Roland Kasper (50yo)
Mr. Roland Kasper has been the Group Chief Executive Officer of Systemair AB since August 27, 2015 and has been its President since August 24, 2016. Mr. Kasper served as a Vice President of Marketing for P ...
CEO Compensation Analysis
Compensation vs Market: Roland's total compensation ($USD432.84K) is below average for companies of similar size in the German market ($USD1.38M).
Compensation vs Earnings: Roland's compensation has been consistent with company performance over the past year.
|Group CEO & President||4.58yrs||kr4.30m||0.041% SEK239.3k|
|CFO & Secretary to the Board||21.17yrs||no data||0.081% SEK469.1k|
|Technical Director||no data||no data||no data|
|Vice President of Sales & Marketing||5.17yrs||no data||0.025% SEK146.9k|
|Managing Director and Head of Systemair Australia Pty Ltd||no data||no data||no data|
|Group Controller||no data||no data||no data|
|Managing Director of VEAB Heat Tech AB||39.67yrs||no data||no data|
|Business Development Director of Data Center Cooling||4.25yrs||kr1.64m||no data|
Experienced Management: 52S's management team is seasoned and experienced (5.2 years average tenure).
|Director||0.58yr||no data||no data|
|Independent Director||3.58yrs||kr300.00k||0.0077% SEK44.5k|
|Independent Director||4.58yrs||kr300.00k||0.0019% SEK11.1k|
|Independent Director||3.58yrs||kr300.00k||0.077% SEK445.2k|
|Chairman of the Board||4.58yrs||kr1.20m||42.62% SEK246.7m|
|Employee Representative Director||4.58yrs||no data||0.00077% SEK4.5k|
|Employee Representative Director||6.17yrs||no data||no data|
Experienced Board: 52S's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 52S insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Systemair AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Systemair AB (publ)
- Ticker: 52S
- Exchange: DB
- Founded: 1974
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: kr6.318b
- Listing Market Cap: kr578.739m
- Shares outstanding: 52.00m
- Website: https://www.systemair.com
Number of Employees
- Systemair AB (publ)
- Industrivagen 3
- Västmanland County
- 739 30
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SYSR||OM (OMX Nordic Exchange Stockholm)||Yes||Class A Shares||SE||SEK||Oct 2007|
|0HDK||LSE (London Stock Exchange)||Yes||Class A Shares||GB||SEK||Oct 2007|
|52S||DB (Deutsche Boerse AG)||Yes||Class A Shares||DE||EUR||Oct 2007|
|SYSRs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Shares||GB||SEK||Oct 2007|
Systemair AB (publ), a ventilation company, designs, develops, manufactures, and markets ventilation products and systems. The company offers heating products comprising convectors and radiators, air curtains, radiant and fan heaters; fans and accessories, including circular duct, rectangular and square duct, roof, axial, explosion proof, domestic, and smoke extract fans, as well as electrical accessories for ventilation and fans for aggressive media; and residential systems, such as residential solutions, counter flow and rotary units, vacuum and geo thermal systems, ducts, cooker hoods, filters, valves and grilles, and accessories for residential systems. It also provides fire safety products comprising fire dampers, smoke dampers, and accessories for fire safety; air distribution products consisting of grilles, air volume controls, diffusers, and accessories; air handling units, such as compact and central AHUs; air conditioning systems, including hydronic (water born) systems and DX (refrigerant) systems. Its products are used in buildings, including homes, offices, industrial premises, data centers, hospitals, swimming pools, multi-storey car parks, and tunnels. The company sells its products to ventilation contractors, distributors of ventilation and electrical products, and ventilation consultants under the Systemair, Frico, Fantech, and Menerga brand names. The company has a strategic partnership with Panasonic Corporation. It has operations in Europe, North and South America, the Middle East, Asia, and South Africa. The company was founded in 1974 and is headquartered in Skinnskatteberg, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 22:46|
|End of Day Share Price||2020/03/31 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.