DB:I1M

Stock Analysis Report

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Executive Summary

Indutrade AB (publ) markets and sells components, systems, and services to various industries worldwide.


Snowflake Analysis

Excellent balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Indutrade's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: I1M's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.0%

I1M

2.2%

DE Trade Distributors

2.0%

DE Market


1 Year Return

29.3%

I1M

0.8%

DE Trade Distributors

-2.6%

DE Market

Return vs Industry: I1M exceeded the German Trade Distributors industry which returned 0.7% over the past year.

Return vs Market: I1M exceeded the German Market which returned -4.6% over the past year.


Shareholder returns

I1MIndustryMarket
7 Day7.0%2.2%2.0%
30 Day31.6%12.7%8.4%
90 Day9.5%1.5%-7.3%
1 Year29.3%29.3%3.1%0.8%-1.0%-2.6%
3 Year73.1%67.3%-10.6%-16.7%-6.6%-13.9%
5 Year157.2%140.0%-9.3%-18.7%1.1%-11.7%

Price Volatility Vs. Market

How volatile is Indutrade's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Indutrade undervalued compared to its fair value and its price relative to the market?

29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: I1M (€34.2) is trading above our estimate of fair value (€23.38)

Significantly Below Fair Value: I1M is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: I1M is poor value based on its PE Ratio (29x) compared to the Trade Distributors industry average (13.8x).

PE vs Market: I1M is poor value based on its PE Ratio (29x) compared to the German market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: I1M is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: I1M is overvalued based on its PB Ratio (5.7x) compared to the DE Trade Distributors industry average (1x).


Next Steps

Future Growth

How is Indutrade forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: I1M's forecast earnings growth (8.7% per year) is above the savings rate (0.2%).

Earnings vs Market: I1M's earnings (8.7% per year) are forecast to grow slower than the German market (21.7% per year).

High Growth Earnings: I1M's earnings are forecast to grow, but not significantly.

Revenue vs Market: I1M's revenue (3.8% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: I1M's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: I1M's Return on Equity is forecast to be low in 3 years time (18.5%).


Next Steps

Past Performance

How has Indutrade performed over the past 5 years?

13.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: I1M has high quality earnings.

Growing Profit Margin: I1M's current net profit margins (8%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: I1M's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: I1M's earnings growth over the past year (6.7%) is below its 5-year average (13.7% per year).

Earnings vs Industry: I1M earnings growth over the past year (6.7%) underperformed the Trade Distributors industry 10.9%.


Return on Equity

High ROE: I1M's Return on Equity (19.7%) is considered low.


Next Steps

Financial Health

How is Indutrade's financial position?


Financial Position Analysis

Short Term Liabilities: I1M's short term assets (SEK8.6B) exceed its short term liabilities (SEK6.2B).

Long Term Liabilities: I1M's short term assets (SEK8.6B) exceed its long term liabilities (SEK5.4B).


Debt to Equity History and Analysis

Debt Level: I1M's debt to equity ratio (83.2%) is considered high.

Reducing Debt: I1M's debt to equity ratio has reduced from 92.6% to 83.2% over the past 5 years.

Debt Coverage: I1M's debt is well covered by operating cash flow (33.9%).

Interest Coverage: I1M's interest payments on its debt are well covered by EBIT (19.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Indutrade's current dividend yield, its reliability and sustainability?

1.46%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate I1M's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate I1M's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if I1M's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if I1M's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: I1M is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of I1M's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Bo Annvik (54yo)

3.08yrs

Tenure

kr15,454,000

Compensation

Mr. Bo Annvik, M. Sc. (Econ.), has been the Chief Executive Officer and President of Indutrade AB (publ) since he joined in April 26, 2017. Mr. Annvik has been a Director of SSAB since April 8, 2019. He ha ...


CEO Compensation Analysis

Compensation vs Market: Bo's total compensation ($USD1.60M) is below average for companies of similar size in the German market ($USD2.68M).

Compensation vs Earnings: Bo's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bo Annvik
CEO, President & Director3.08yrskr15.45mno data
Patrik Johnson
Chief Financial Officer1.83yrsno datano data
Frida Adrian
Member of Group Managementno datano data0.00041% SEK16.8k
Åsa Wirsenius
Vice President of Group Human Resources1.67yrsno datano data
Claes Hjalmarson
Head of Acquisition & Business Developmentno datano datano data
Peter Eriksson
Senior VP & Advisor to the CEO2.33yrsno data0.037% SEK1.5m
Juha Kujala
Senior Vice President of Finland2.33yrsno data0.0083% SEK340.1k
Göte Mattsson
Senior Vice President of Fluids & Mechanical Solutions2.33yrsno data0.013% SEK549.7k
Susann Nyberg
Head of Group Finance5.33yrsno data0.0049% SEK201.4k
Patrik Stolpe
Senior Vice President of Measurement & Sensor Technology2.33yrsno data0.0046% SEK187.5k

2.3yrs

Average Tenure

54yo

Average Age

Experienced Management: I1M's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bo Annvik
CEO, President & Director3.08yrskr15.45mno data
Lars Pettersson
Independent Director6.75yrskr318.00k0.0017% SEK71.4k
Bengt Kjell
Independent Vice Chairman6.75yrskr461.00k0.041% SEK1.7m
Ulf Lundahl
Independent Director14.33yrskr360.00k0.0099% SEK407.4k
Susanna Campbell
Independent Director3.08yrskr289.00k0.0016% SEK67.7k
Krister Mellvé
Independent Director8.33yrskr289.00k0.039% SEK1.6m
Katarina Martinson
Independent Chairwoman2.08yrskr624.00kno data
Anders Jernhall
Independent Director2.08yrskr309.00k0.00083% SEK34.0k

4.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: I1M's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: I1M insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Indutrade AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Indutrade AB (publ)
  • Ticker: I1M
  • Exchange: DB
  • Founded: 1978
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: kr43.266b
  • Listing Market Cap: kr4.102b
  • Shares outstanding: 120.86m
  • Website: https://www.indutrade.com

Number of Employees


Location

  • Indutrade AB (publ)
  • Raseborgsgatan 9
  • Box 6044
  • Stockholm
  • Stockholm County
  • 164 06
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INDTOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKOct 2005
I1MDB (Deutsche Boerse AG)YesShare CapitalDEEUROct 2005
0H30LSE (London Stock Exchange)YesShare CapitalGBSEKOct 2005
INDTsBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBSEKOct 2005
IDDW.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDOct 2005

Biography

Indutrade AB (publ) markets and sells components, systems, and services to various industries worldwide. The company operates through eight business areas: Benelux, DACH, Finland, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology, and UK. It is involved in the sale of components, as well as the customization, combination, and installation of products from various suppliers. The company also provides components and systems for controlling, measuring, monitoring, and regulating flows, as well as for industrial production and maintenance; hydraulic and mechanical components; and medical technology equipment. In addition, it offers measurement instruments, measurement systems, sensors, control and regulating technology, and monitoring equipment; and custom-manufactured niche products, design solutions, aftermarket and assembly services, and customization services. Further, the company provides valves, hydraulic and industrial equipment, measurement and process technology, automation products, construction materials, service, filters, pipes and pipe systems, auto repair, tools and transmission, industrial springs, water and wastewater, lighting, chemical technology, fasteners, electronics, vehicles, energy, springs, piston rings, press work, and valve channels. Indutrade AB (publ) was founded in 1978 and is headquartered in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 21:25
End of Day Share Price2020/05/25 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.