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INVISIO Communications

DB:ICQ
Snowflake Description

Exceptional growth potential with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ICQ
DB
SEK3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

INVISIO Communications AB (publ) develops and sells personal communication and hearing protection systems for professionals in the defense and security sectors in Sweden, rest of Europe, North America, and internationally. The last earnings update was 76 days ago. More info.


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ICQ Share Price and Events
7 Day Returns
-0.4%
DB:ICQ
3.4%
Europe Aerospace & Defense
-0.3%
DE Market
1 Year Returns
-
DB:ICQ
6.7%
Europe Aerospace & Defense
-6.7%
DE Market
ICQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
INVISIO Communications (ICQ) -0.4% 2.1% -0.1% - - -
Europe Aerospace & Defense 3.4% 5.6% 5.2% 6.7% 74.1% 107.2%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • No trading data on ICQ.
  • No trading data on ICQ.
Price Volatility
ICQ
Industry
5yr Volatility vs Market

ICQ Value

 Is INVISIO Communications undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of INVISIO Communications to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for INVISIO Communications.

DB:ICQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ICQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.88 (1 + (1- 22%) (0.9%))
0.924
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.924 * 5.96%)
5.73%

Discounted Cash Flow Calculation for DB:ICQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for INVISIO Communications is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ICQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.73%)
2020 83.50 Analyst x2 78.97
2021 115.00 Analyst x2 102.87
2022 140.64 Est @ 22.3% 118.98
2023 162.70 Est @ 15.68% 130.17
2024 180.66 Est @ 11.04% 136.71
2025 194.75 Est @ 7.8% 139.38
2026 205.52 Est @ 5.53% 139.11
2027 213.61 Est @ 3.94% 136.75
2028 219.64 Est @ 2.82% 132.99
2029 224.14 Est @ 2.05% 128.35
Present value of next 10 years cash flows SEK1,244.28
DB:ICQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK224.14 × (1 + 0.23%) ÷ (5.73% – 0.23%)
SEK4,080.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK4,080.49 ÷ (1 + 5.73%)10
SEK2,336.64
DB:ICQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,244.28 + SEK2,336.64
SEK3,580.92
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,580.92 / 44.10
SEK81.2
DB:ICQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ICQ represents 0.095x of OM:IVSO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.095x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 81.20 x 0.095
€7.71
Value per share (EUR) From above. €7.71
Current discount Discount to share price of €6.84
= -1 x (€6.84 - €7.71) / €7.71
11.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price INVISIO Communications is available for.
Intrinsic value
11%
Share price is €6.84 vs Future cash flow value of €7.71
Current Discount Checks
For INVISIO Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • INVISIO Communications's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • INVISIO Communications's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for INVISIO Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are INVISIO Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ICQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK0.81
OM:IVSO Share Price ** OM (2019-07-17) in SEK SEK72
Europe Aerospace & Defense Industry PE Ratio Median Figure of 35 Publicly-Listed Aerospace & Defense Companies 22.76x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of INVISIO Communications.

DB:ICQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:IVSO Share Price ÷ EPS (both in SEK)

= 72 ÷ 0.81

88.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • INVISIO Communications is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • INVISIO Communications is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does INVISIO Communications's expected growth come at a high price?
Raw Data
DB:ICQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 88.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
39.3%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 29 Publicly-Listed Aerospace & Defense Companies 1.52x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:ICQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 88.44x ÷ 39.3%

2.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • INVISIO Communications is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on INVISIO Communications's assets?
Raw Data
DB:ICQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK6.74
OM:IVSO Share Price * OM (2019-07-17) in SEK SEK72
Europe Aerospace & Defense Industry PB Ratio Median Figure of 46 Publicly-Listed Aerospace & Defense Companies 1.99x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:ICQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:IVSO Share Price ÷ Book Value per Share (both in SEK)

= 72 ÷ 6.74

10.69x

* Primary Listing of INVISIO Communications.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • INVISIO Communications is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess INVISIO Communications's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. INVISIO Communications has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ICQ Future Performance

 How is INVISIO Communications expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is INVISIO Communications expected to grow at an attractive rate?
  • INVISIO Communications's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • INVISIO Communications's earnings growth is expected to exceed the Germany market average.
  • INVISIO Communications's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ICQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ICQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 39.3%
DB:ICQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 21%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ICQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ICQ Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 798 1
2021-12-31 630 100 133 2
2020-12-31 528 52 102 2
2019-12-31 432 122 71 2
DB:ICQ Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 337 -36 36
2018-12-31 355 -3 48
2018-09-30 377 36 47
2018-06-30 372 44 52
2018-03-31 362 27 53
2017-12-31 366 11 62
2017-09-30 329 44 64
2017-06-30 339 65 81
2017-03-31 338 115 91
2016-12-31 330 106 92
2016-09-30 297 47 79
2016-06-30 268 67 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • INVISIO Communications's earnings are expected to grow significantly at over 20% yearly.
  • INVISIO Communications's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ICQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from INVISIO Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ICQ Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 3.02 3.41 2.62 2.00
2020-12-31 2.31 2.46 2.15 2.00
2019-12-31 1.61 1.76 1.46 2.00
DB:ICQ Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 0.81
2018-12-31 1.09
2018-09-30 1.07
2018-06-30 1.17
2018-03-31 1.21
2017-12-31 1.42
2017-09-30 1.46
2017-06-30 1.86
2017-03-31 2.11
2016-12-31 2.15
2016-09-30 1.86
2016-06-30 1.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • INVISIO Communications is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess INVISIO Communications's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
INVISIO Communications has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ICQ Past Performance

  How has INVISIO Communications performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare INVISIO Communications's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • INVISIO Communications's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • INVISIO Communications's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • INVISIO Communications's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Earnings and Revenue History
INVISIO Communications's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from INVISIO Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ICQ Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 337.10 35.90 104.00 38.40
2018-12-31 354.50 48.20 97.80 38.40
2018-09-30 376.90 47.10 116.90 36.60
2018-06-30 371.50 51.80 109.80 36.60
2018-03-31 362.00 53.40 93.50 36.60
2017-12-31 365.70 62.30 87.10 36.60
2017-09-30 328.90 63.70 74.60 29.20
2017-06-30 339.00 80.50 63.50 29.20
2017-03-31 338.40 91.10 58.20 29.20
2016-12-31 330.00 91.80 51.40 29.20
2016-09-30 296.83 79.08 52.02 24.71
2016-06-30 267.54 75.28 47.31 24.71
2016-03-31 252.09 66.60 46.48 24.71
2015-12-31 229.80 57.09 46.30 24.71
2015-09-30 245.44 68.44 45.12 21.22
2015-06-30 235.98 62.42 48.79 18.82
2015-03-31 214.73 53.10 41.52 21.22
2014-12-31 201.64 44.28 35.41 21.22
2014-09-30 162.66 26.33 39.44 16.70
2014-06-30 136.94 4.67 34.27 19.10
2014-03-31 102.39 -6.32 33.03 16.70
2013-12-31 85.25 -10.46 30.83 16.70
2013-09-30 78.40 -15.32 31.86 14.61
2013-06-30 64.24 -20.37 29.54 14.61
2013-03-31 63.73 -20.02 28.68 14.61
2012-12-31 43.03 -29.49 29.32 14.61
2012-09-30 34.58 -30.49 34.28 3.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • INVISIO Communications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • INVISIO Communications used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • INVISIO Communications's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess INVISIO Communications's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
INVISIO Communications has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ICQ Health

 How is INVISIO Communications's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up INVISIO Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • INVISIO Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • INVISIO Communications's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of INVISIO Communications's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • INVISIO Communications has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from INVISIO Communications Company Filings, last reported 3 months ago.

DB:ICQ Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 297.10 0.00 56.50
2018-12-31 292.00 0.00 62.20
2018-09-30 276.60 0.00 97.10
2018-06-30 270.80 0.00 134.60
2018-03-31 281.20 0.00 155.60
2017-12-31 259.90 0.00 113.20
2017-09-30 238.60 0.00 100.70
2017-06-30 227.80 0.00 128.70
2017-03-31 231.80 0.00 154.40
2016-12-31 209.50 0.00 133.20
2016-09-30 191.44 0.00 88.27
2016-06-30 158.61 0.00 90.79
2016-03-31 130.20 0.00 43.35
2015-12-31 105.64 0.00 29.37
2015-09-30 105.70 4.00 47.00
2015-06-30 77.07 7.75 33.44
2015-03-31 64.13 13.21 31.12
2014-12-31 52.38 23.28 28.44
2014-09-30 34.77 23.52 16.29
2014-06-30 14.45 25.35 7.09
2014-03-31 9.12 26.96 5.05
2013-12-31 3.90 33.55 9.13
2013-09-30 -8.89 40.04 0.12
2013-06-30 -7.39 29.22 1.29
2013-03-31 -1.48 29.91 0.90
2012-12-31 -1.81 31.25 4.24
2012-09-30 -3.79 21.27 0.69
  • INVISIO Communications has no debt.
  • INVISIO Communications has no debt compared to 5 years ago when it was 293.5%.
  • INVISIO Communications has no debt, it does not need to be covered by operating cash flow.
  • INVISIO Communications has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess INVISIO Communications's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. INVISIO Communications has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ICQ Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.97%
Current annual income from INVISIO Communications dividends. Estimated to be 1.78% next year.
If you bought €2,000 of INVISIO Communications shares you are expected to receive €19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • INVISIO Communications's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • INVISIO Communications's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ICQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ICQ Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.55 2.00
2020-12-31 1.32 2.00
2019-12-31 0.99 2.00
DB:ICQ Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.700 0.979
2018-03-23 0.600 0.970
2017-04-04 0.500 0.651
2017-02-24 0.500 0.725

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, INVISIO Communications has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but INVISIO Communications only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of INVISIO Communications's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess INVISIO Communications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can INVISIO Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. INVISIO Communications has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ICQ Management

 What is the CEO of INVISIO Communications's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lars Hansen
COMPENSATION SEK3,500,000
AGE 56
TENURE AS CEO 12 years
CEO Bio

Mr. Lars Højgård Hansen has been the Chief Executive Officer of INVISIO Communications AB (formerly Invisio Headsets AB) since July 2007 and serves as its President since 2007. Mr. Hojgard served as Head of sales of INVISIO Communications AB. Mr. Hansen served as the Head of Marketing at Nextlink AB. He served as Acting Chief Executive Officer of Nextlink AB from February 2007 to Junee 2007. Before Nextlink, Mr. Hansen held the position as Vice President Global Marketing at Jabra / GN Netcom. In this position Mr. Hansen was responsible for the product portfolio and brand building efforts that in a few years took Jabra to the position as the worlds leading brand for headsets to mobile devices. Prior to Jabra Mr. Hansen worked at Ericsson and Sony Ericsson from 1998 – 2003 as Sales & Marketing Director for Mobile Phone Accessories in Europe, Middle East and Africa. He was also a member of the Management Team for Business Unit Accessories. In addition Mr. Hansen has held senior sales and marketing positions with several international consumer companies based in the Scandinavian area. Mr. Hansen has a Graduate Diploma (HD-A) from Copenhagen Business School and an Executive MBA from Lund University, School of Economics.

CEO Compensation
  • Lars's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lars's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the INVISIO Communications management team in years:

2.6
Average Tenure
55.5
Average Age
  • The tenure for the INVISIO Communications management team is about average.
Management Team

Lars Hansen

TITLE
President & CEO
COMPENSATION
SEK4M
AGE
56
TENURE
12 yrs

Thomas Larsson

TITLE
Chief Financial Officer
AGE
55
TENURE
7.3 yrs

Jan Larsen

TITLE
Senior Vice President of R&D
AGE
57
TENURE
2.6 yrs

Joakim Birgersson

TITLE
Senior Vice President of Operations
AGE
55
TENURE
0.8 yrs

Tina Lawesson

TITLE
Director of Investor Relations & Corporate Communications

Carsten Aagesen

TITLE
Senior Vice President of Global Sales & Marketing
AGE
51

Sigge Frolov

TITLE
Senior Vice President of Product Management & Product Marketing
AGE
56
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the INVISIO Communications board of directors in years:

1.3
Average Tenure
56.5
Average Age
  • The average tenure for the INVISIO Communications board of directors is less than 3 years, this suggests a new board.
Board of Directors

Annika Andersson

TITLE
Chairman of the Board
COMPENSATION
SEK200K
AGE
61
TENURE
0.2 yrs

Charlotta Falvin

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
53
TENURE
5.5 yrs

Lage Jonason

TITLE
Director
COMPENSATION
SEK200K
AGE
68
TENURE
7.2 yrs

Ulrika Hagdahl

TITLE
Director
COMPENSATION
SEK100K
AGE
57
TENURE
1.3 yrs

Martin Krupicka

TITLE
Director
COMPENSATION
SEK100K
AGE
46
TENURE
1.3 yrs

Charlott Samuelsson

TITLE
Director
AGE
56
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • INVISIO Communications individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Jul 19 Sell Lage Jonason Individual 08. Jul 19 08. Jul 19 -500,000 €6.65 €-3,323,316
04. May 19 Buy Annika Andersson Individual 03. May 19 03. May 19 7,000 €6.59 €46,120
08. Mar 19 Sell Lage Jonason Individual 06. Mar 19 06. Mar 19 -1,600,000 €6.51 €-10,421,685
21. Dec 18 Sell Lage Jonason Individual 18. Dec 18 18. Dec 18 -400,000 €6.31 €-2,522,980
01. Nov 18 Sell Jan Larsen Individual 31. Oct 18 01. Nov 18 -9,813 €5.88 €-57,145
10. Sep 18 Sell Carsten Aagesen Individual 05. Sep 18 10. Sep 18 -29,000 €6.12 €-173,644
29. Aug 18 Sell Jan Larsen Individual 27. Aug 18 27. Aug 18 -5,000 €5.83 €-29,141
X
Management checks
We assess INVISIO Communications's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. INVISIO Communications has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ICQ News

Simply Wall St News

ICQ Company Info

Description

INVISIO Communications AB (publ) develops and sells personal communication and hearing protection systems for professionals in the defense and security sectors in Sweden, rest of Europe, North America, and internationally. The company offers headsets, control units, intercom systems, accessories and remote push-to-talk units, and cables. Its products are used in high noise, hearing protection, and submersible applications. INVISIO Communications AB (publ) markets and sells its products through partners and resellers. The company was formerly known as INVISIO Headsets AB (publ.) and changed its name to INVISIO Communications AB (publ) in June 2010. INVISIO Communications AB (publ) was founded in 1999 and is based in Malmö, Sweden.

Details
Name: INVISIO Communications AB (publ)
ICQ
Exchange: DB
Founded: 1999
SEK302,098,376
44,098,494
Website: http://www.invisio.com
Address: INVISIO Communications AB (publ)
Box 151,
Malmö,
Skåne County, 201 21,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM IVSO Common Shares OMX Nordic Exchange Stockholm SE SEK 29. May 2006
DB ICQ Common Shares Deutsche Boerse AG DE EUR 29. May 2006
LSE 0R86 Common Shares London Stock Exchange GB SEK 29. May 2006
BATS-CHIXE IVSOS Common Shares BATS 'Chi-X Europe' GB SEK 29. May 2006
Number of employees
Current staff
Staff numbers
86
INVISIO Communications employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 22:33
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.