AF Gruppen ASA, a contracting and industrial company, engages in civil engineering, environment, building, property, energy, and offshore businesses primarily in Norway and Sweden.
Solid track record with excellent balance sheet.
Share Price & News
How has AF Gruppen's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AF8 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AF8 exceeded the German Construction industry which returned -23.1% over the past year.
Return vs Market: AF8 matched the German Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is AF Gruppen's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is AF Gruppen 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: AF8 (€17.4) is trading below our estimate of fair value (€24.35)
Significantly Below Fair Value: AF8 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AF8 is poor value based on its PE Ratio (21.3x) compared to the Construction industry average (12.4x).
PE vs Market: AF8 is poor value based on its PE Ratio (21.3x) compared to the German market (21x).
Price to Earnings Growth Ratio
PEG Ratio: AF8 is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: AF8 is overvalued based on its PB Ratio (8.5x) compared to the XE Construction industry average (1.2x).
How is AF Gruppen forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AF8's forecast earnings growth (7.4% per year) is above the savings rate (-0.4%).
Earnings vs Market: AF8's earnings (7.4% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: AF8's earnings are forecast to grow, but not significantly.
Revenue vs Market: AF8's revenue (10.4% per year) is forecast to grow faster than the German market (5.2% per year).
High Growth Revenue: AF8's revenue (10.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AF8's Return on Equity is forecast to be high in 3 years time (37%)
How has AF Gruppen performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AF8 has high quality earnings.
Growing Profit Margin: AF8's current net profit margins (3.8%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: AF8's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: AF8's earnings growth over the past year (10.6%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: AF8 earnings growth over the past year (10.6%) exceeded the Construction industry 2.1%.
Return on Equity
High ROE: AF8's Return on Equity (34.3%) is considered high.
Return on Assets
Return on Capital Employed
How is AF Gruppen's financial position?
Financial Position Analysis
Short Term Liabilities: AF8's short term assets (NOK5.1B) do not cover its short term liabilities (NOK8.4B).
Long Term Liabilities: AF8's short term assets (NOK5.1B) exceed its long term liabilities (NOK1.4B).
Debt to Equity History and Analysis
Debt Level: AF8's debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: AF8's debt to equity ratio has reduced from 20.8% to 5.7% over the past 5 years.
Debt Coverage: AF8's debt is well covered by operating cash flow (887.1%).
Interest Coverage: AF8's interest payments on its debt are well covered by EBIT (60.8x coverage).
Inventory Level: AF8 has a high level of physical assets or inventory.
Debt Coverage by Assets: AF8's debt is covered by short term assets (assets are 30.2x debt).
What is AF Gruppen's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase AF Gruppen before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AF8's dividend (5.25%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: AF8's dividend (5.25%) is in the top 25% of dividend payers in the German market (3.63%)
Stability and Growth of Payments
Stable Dividend: AF8's dividend payments have been volatile in the past 10 years.
Growing Dividend: AF8's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (111.6%), AF8's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AF8's dividends in 3 years are not forecast to be well covered by earnings (91.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Morten Grongstad (44yo)
Mr. Morten Grongstad serves as Chief Executive Officer and President of AF Bygg Göteborg AB. Mr. Grongstad has been Chief Executive Officer of AF Gruppen ASA since October 15, 2015 and has been its Preside ...
CEO Compensation Analysis
Compensation vs Market: Morten's total compensation ($USD939.62K) is below average for companies of similar size in the German market ($USD1.52M).
Compensation vs Earnings: Morten's compensation has been consistent with company performance over the past year.
|President & CEO||4.3yrs||kr8.72m||0.22% NOK4.2m|
|CFO & Executive VP||12.6yrs||kr4.99m||0.12% NOK2.3m|
|Executive Vice President of Civil Engineering||0yrs||kr4.66m||0.26% NOK4.7m|
|Executive Vice President of Sweden||1.1yrs||kr4.24m||0.14% NOK2.5m|
|Executive Vice President of Offshore||4.1yrs||kr3.99m||0.080% NOK1.5m|
|Executive Vice President of Environment & Energy||4.1yrs||kr4.02m||0.029% NOK541.3k|
|Director of Group Accounting||0yrs||no data||0.027% NOK508.0k|
|Director of Corporate Communications||0yrs||no data||0.12% NOK2.3m|
|Executive Vice President of Property||1.1yrs||no data||0.0030% NOK55.5k|
|Executive Vice President of Bygg Norge||0.9yrs||no data||0.00019% NOK3.5k|
Experienced Management: AF8's management team is considered experienced (4.1 years average tenure).
|Chairman of the Board||3.8yrs||no data||0.20% NOK3.7m|
|Director||7.8yrs||no data||no data|
|Director||0yrs||no data||no data|
|Director||0yrs||no data||0.088% NOK1.6m|
|Director||0yrs||no data||no data|
|Director||3.8yrs||no data||no data|
|Director||0.8yrs||no data||no data|
|Director||0.8yrs||no data||no data|
|Director||1.8yrs||no data||no data|
|Director||0yrs||no data||0.025% NOK458.4k|
Experienced Board: AF8's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
AF Gruppen ASA's company bio, employee growth, exchange listings and data sources
- Name: AF Gruppen ASA
- Ticker: AF8
- Exchange: DB
- Founded: 1985
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: kr18.644b
- Listing Market Cap: kr1.850b
- Shares outstanding: 103.01m
- Website: https://www.afgruppen.com
Number of Employees
- AF Gruppen ASA
- Innspurten 15
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AFG||OB (Oslo Bors)||Yes||Class A Shares||NO||NOK||Sep 1997|
|0DH7||LSE (London Stock Exchange)||Yes||Class A Shares||GB||NOK||Sep 1997|
|AGRU.F||OTCPK (Pink Sheets LLC)||Yes||Class A Shares||US||USD||Sep 1997|
|AFGO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Shares||GB||NOK||Sep 1997|
|AF8||DB (Deutsche Boerse AG)||Yes||Class A Shares||DE||EUR||Sep 1997|
AF Gruppen ASA, a contracting and industrial company, engages in civil engineering, environment, building, property, energy, and offshore businesses primarily in Norway and Sweden. The company’s Civil Engineering business area undertakes civil engineering and niche projects related to roads and railways, port facilities, airports, tunnels, foundation work, power, and energy, as well as onshore facilities for oil and gas. Its Energy and Environment business area provides smart and energy efficient services for buildings and industry; demolition services; and receiving, treating, and recycling of materials. The company’s Building business area develops, engineers, and builds commercial, residential, and public buildings, as well as rehabilitation projects. Its Property business area develops residential units and commercial buildings. The Sweden business area engages in building, civil engineering, property, and environmental activities in Sweden. The company’s offshore business area undertakes the removal, demolition, and recycling of offshore installations; and new building, modification, and maintenance works related to cranes, modules, and rig services, as well as heating, ventilation, air conditioning, and cooling systems. It also provides services related to the maintenance and modification of onshore facilities for the oil and gas industry. AF Gruppen ASA was founded in 1985 and is headquartered in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 23:07|
|End of Day Share Price||2020/02/21 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.