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ITAB Shop Concept

DB:29I
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
29I
DB
SEK2B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

ITAB Shop Concept AB (publ) develops, manufactures, sells, and installs shop fitting concepts for retail chain stores. The last earnings update was 25 days ago. More info.


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  • ITAB Shop Concept has significant price volatility in the past 3 months.
29I Share Price and Events
7 Day Returns
3.2%
DB:29I
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-
DB:29I
-8.1%
DE Commercial Services
-6%
DE Market
29I Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ITAB Shop Concept (29I) 3.2% 16.5% 90.7% - - -
DE Commercial Services 1.5% 2.8% 9.6% -8.1% 1.3% -41%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • No trading data on 29I.
  • No trading data on 29I.
Price Volatility
29I
Industry
5yr Volatility vs Market

29I Value

 Is ITAB Shop Concept 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 ITAB Shop Concept 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 ITAB Shop Concept.

DB:29I Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
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:29I
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 22%) (96.58%))
1.193
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.193 * 5.96%)
7.34%

Discounted Cash Flow Calculation for DB:29I using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ITAB Shop Concept 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:29I DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.34%)
2019 123.00 Analyst x1 114.59
2020 153.00 Analyst x1 132.79
2021 176.00 Analyst x1 142.31
2022 151.66 Est @ -13.83% 114.24
2023 137.08 Est @ -9.61% 96.20
2024 127.95 Est @ -6.66% 83.65
2025 122.07 Est @ -4.59% 74.35
2026 118.23 Est @ -3.15% 67.09
2027 115.70 Est @ -2.13% 61.17
2028 114.05 Est @ -1.43% 56.17
Present value of next 10 years cash flows SEK942.56
DB:29I DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK114.05 × (1 + 0.23%) ÷ (7.34% – 0.23%)
SEK1,607.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,607.44 ÷ (1 + 7.34%)10
SEK791.66
DB:29I Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK942.56 + SEK791.66
SEK1,734.22
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,734.22 / 102.38
SEK16.94
DB:29I Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:29I represents 0.09335x of OM:ITAB B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09335x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 16.94 x 0.09335
€1.58
Value per share (EUR) From above. €1.58
Current discount Discount to share price of €2.25
= -1 x (€2.25 - €1.58) / €1.58
-42%

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

  • The current share price of ITAB Shop Concept is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 ITAB Shop Concept's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ITAB Shop Concept's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:29I PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK0.88
OM:ITAB B Share Price ** OM (2019-04-18) in SEK SEK24.05
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of ITAB Shop Concept.

DB:29I PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 24.05 ÷ 0.88

27.36x

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

  • ITAB Shop Concept is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • ITAB Shop Concept is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does ITAB Shop Concept's expected growth come at a high price?
Raw Data
DB:29I PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29.4%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:29I PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.36x ÷ 29.4%

0.93x

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

  • ITAB Shop Concept is good value based on expected growth next year.
Price based on value of assets
What value do investors place on ITAB Shop Concept's assets?
Raw Data
DB:29I PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK15.61
OM:ITAB B Share Price * OM (2019-04-18) in SEK SEK24.05
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:29I PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 24.05 ÷ 15.61

1.54x

* Primary Listing of ITAB Shop Concept.

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

  • ITAB Shop Concept is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess ITAB Shop Concept'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. ITAB Shop Concept has a total score of 2/6, 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.

29I Future Performance

 How is ITAB Shop Concept expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
29.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ITAB Shop Concept expected to grow at an attractive rate?
  • ITAB Shop Concept's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ITAB Shop Concept's earnings growth is expected to exceed the Germany market average.
  • ITAB Shop Concept's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:29I Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:29I Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29.4%
DB:29I Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:29I Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:29I Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,067 322 219 1
2020-12-31 5,948 296 182 1
2019-12-31 5,940 271 112 1
DB:29I Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 6,031 500 90
2018-09-30 6,151 457 208
2018-06-30 6,344 337 284
2018-03-31 6,342 328 300
2017-12-31 6,381 190 319
2017-09-30 6,506 254 261
2017-06-30 6,191 401 256
2017-03-31 5,848 350 256
2016-12-31 5,417 396 241
2016-09-30 5,005 395 315
2016-06-30 5,041 450 323
2016-03-31 5,131 429 343

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ITAB Shop Concept's earnings are expected to grow significantly at over 20% yearly.
  • ITAB Shop Concept's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:29I 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 1 Analyst Estimates (S&P Global) See Below

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

DB:29I Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.10 2.10 2.10 1.00
2020-12-31 1.75 1.75 1.75 1.00
2019-12-31 1.07 1.07 1.07 1.00
DB:29I Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 0.88
2018-09-30 2.03
2018-06-30 2.77
2018-03-31 2.93
2017-12-31 3.12
2017-09-30 2.55
2017-06-30 2.50
2017-03-31 2.50
2016-12-31 2.36
2016-09-30 3.09
2016-06-30 3.17
2016-03-31 3.37

*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.
  • ITAB Shop Concept is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ITAB Shop Concept'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
ITAB Shop Concept has a total score of 3/6, 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.

29I Past Performance

  How has ITAB Shop Concept 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 ITAB Shop Concept's growth in the last year to its industry (Commercial Services).
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.
  • ITAB Shop Concept's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • ITAB Shop Concept's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ITAB Shop Concept's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
ITAB Shop Concept'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 ITAB Shop Concept Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:29I Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,031.00 90.00 1,434.00
2018-09-30 6,151.00 208.00 1,439.00
2018-06-30 6,344.00 284.00 1,422.00
2018-03-31 6,342.00 300.00 1,394.00
2017-12-31 6,381.00 319.00 1,376.00
2017-09-30 6,506.00 261.00 1,357.00
2017-06-30 6,191.00 256.00 1,284.00
2017-03-31 5,848.00 256.00 1,187.00
2016-12-31 5,417.00 241.00 1,082.00
2016-09-30 5,005.00 315.00 985.00
2016-06-30 5,041.00 323.00 973.00
2016-03-31 5,131.00 343.00 972.00
2015-12-31 5,193.00 350.00 978.00
2015-09-30 4,990.00 323.00 970.00
2015-06-30 4,626.00 271.00 921.00
2015-03-31 4,226.00 233.00 861.00
2014-12-31 3,938.00 204.00 802.00
2014-09-30 3,787.20 183.80 750.50
2014-06-30 3,697.30 176.30 734.60
2014-03-31 3,651.50 165.90 715.60
2013-12-31 3,574.00 152.30 691.10
2013-09-30 3,551.15 153.60 689.13
2013-06-30 3,549.65 153.50 672.13
2013-03-31 3,496.55 148.60 671.43
2012-12-31 3,511.45 152.80 673.03
2012-09-30 3,630.38 167.01 689.59
2012-06-30 3,578.28 147.51 704.99

*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.
  • ITAB Shop Concept has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ITAB Shop Concept used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • ITAB Shop Concept's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ITAB Shop Concept'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 Commercial Services 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.
ITAB Shop Concept has a total score of 1/6, 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.

29I Health

 How is ITAB Shop Concept'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 ITAB Shop Concept's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ITAB Shop Concept is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ITAB Shop Concept's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ITAB Shop Concept'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.
  • Debt is covered by short term assets, assets are 1.1x debt.
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 ITAB Shop Concept Company Filings, last reported 3 months ago.

DB:29I Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,726.00 2,378.00 271.00
2018-09-30 1,785.00 2,308.00 335.00
2018-06-30 1,785.00 2,175.00 342.00
2018-03-31 1,907.00 2,131.00 270.00
2017-12-31 1,784.00 2,415.00 285.00
2017-09-30 1,658.00 2,207.00 310.00
2017-06-30 1,570.00 1,943.00 419.00
2017-03-31 1,699.00 1,787.00 365.00
2016-12-31 1,634.00 2,138.00 404.00
2016-09-30 1,564.00 1,164.00 273.00
2016-06-30 1,445.00 1,139.00 261.00
2016-03-31 1,589.00 731.00 194.00
2015-12-31 1,546.00 983.00 258.00
2015-09-30 1,478.00 918.00 253.00
2015-06-30 1,365.00 993.00 239.00
2015-03-31 1,380.00 931.00 254.00
2014-12-31 1,288.00 1,010.00 124.00
2014-09-30 1,192.80 900.00 164.60
2014-06-30 1,092.90 955.00 106.00
2014-03-31 1,074.00 934.00 125.70
2013-12-31 1,038.90 1,032.40 142.40
2013-09-30 975.60 1,008.00 157.50
2013-06-30 927.60 1,018.00 136.00
2013-03-31 907.40 935.00 122.20
2012-12-31 915.90 1,037.07 133.66
2012-09-30 844.40 1,010.00 85.10
2012-06-30 810.90 1,053.00 13.10
  • ITAB Shop Concept's level of debt (137.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (99.2% vs 137.8% today).
  • Debt is well covered by operating cash flow (21%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess ITAB Shop Concept'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. ITAB Shop Concept has a total score of 4/6, 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.

29I Dividends

 What is ITAB Shop Concept'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%
Current annual income from ITAB Shop Concept dividends. Estimated to be 3.47% next year.
If you bought €2,000 of ITAB Shop Concept shares you are expected to receive €0 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?
  • Unable to evaluate ITAB Shop Concept's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ITAB Shop Concept's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:29I 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 1 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:29I Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.00 1.00
2020-12-31 1.00 1.00
2019-12-31 0.50 1.00
DB:29I Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.000 0.000
2019-02-05 0.000 0.000
2018-04-03 1.750 7.495
2018-02-06 1.750 4.510
2017-04-04 1.750 2.784
2017-02-07 1.750 2.297
2016-03-24 1.667 2.208
2016-02-09 1.667 2.043
2015-03-27 0.833 1.162
2015-02-04 0.833 1.623
2014-04-01 0.500 1.215
2014-02-05 0.500 1.786
2013-04-04 0.417 1.918
2013-02-05 0.417 2.144
2012-02-29 0.250 1.470
2012-02-08 0.250 1.363
2011-03-31 0.208 1.490
2011-02-09 0.208 1.923
2010-03-31 0.208 1.783
2010-01-04 0.208 1.496
2009-04-23 0.208 1.417

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

  • Unable to perform a dividend volatility check as ITAB Shop Concept has not reported any payouts.
  • Unable to verify if ITAB Shop Concept's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ITAB Shop Concept's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ITAB Shop Concept has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess ITAB Shop Concept'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 ITAB Shop Concept afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ITAB Shop Concept has a total score of 1/6, see the detailed checks below.


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

29I Management

 What is the CEO of ITAB Shop Concept'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
Ulf Rostedt
COMPENSATION SEK0
AGE 51
TENURE AS CEO 11.2 years
CEO Bio

Mr. Ulf Rostedt has been the Chief Executive Officer of Itab Shop Concept AB since February 8, 2008 and also serves as its Group President. Mr. Rostedt served as a Deputy Chief Executive Officer at Itab Shop Concept AB since 2004. He has been at ITAB since 1997. He held various executive positions within the ITAB Group since 1997.

CEO Compensation
  • Insufficient data for Ulf to compare compensation growth.
  • Ulf's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ITAB Shop Concept management team in years:

6.5
Average Tenure
51
Average Age
  • The average tenure for the ITAB Shop Concept management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ulf Rostedt

TITLE
CEO & Group President
AGE
51
TENURE
11.2 yrs

Samuel Wingren

TITLE
Chief Financial Officer
AGE
47
TENURE
6.3 yrs

Marie Mouchard

TITLE
Head of Group Accounting

Pernilla Lorentzon

TITLE
Human Resources Director
AGE
49
TENURE
3.7 yrs

Mikael Gustavsson

TITLE
Deputy Chief Executive Officer
AGE
54
TENURE
11.2 yrs

Niklas Thoresson

TITLE
Chief Business Officer
AGE
48
TENURE
6.8 yrs

Roy French

TITLE
Chief Business Officer
AGE
53
TENURE
0.3 yrs

Johan Isaksson

TITLE
Group Treasurer
TENURE
5.2 yrs

Bo Dahlstrand

TITLE
Group Business Controller
AGE
61
TENURE
12.2 yrs
Board of Directors Tenure

Average tenure and age of the ITAB Shop Concept board of directors in years:

5.8
Average Tenure
46
Average Age
  • The tenure for the ITAB Shop Concept board of directors is about average.
Board of Directors

Anders Moberg

TITLE
Chairman of the Board
COMPENSATION
SEK180K
AGE
68

Anna Benjamin

TITLE
Director
COMPENSATION
SEK190K
AGE
42
TENURE
15.3 yrs

Lottie Svedenstedt

TITLE
Director
COMPENSATION
SEK180K
AGE
61
TENURE
9.9 yrs

Fredrik Rapp

TITLE
Director
COMPENSATION
SEK340K
AGE
46
TENURE
6.3 yrs

Sune Lantz

TITLE
Director
COMPENSATION
SEK180K
AGE
65
TENURE
5.3 yrs

Petter Fagersten

TITLE
Director
COMPENSATION
SEK150K
AGE
36
TENURE
2.9 yrs

Per Borgklint

TITLE
Director
COMPENSATION
SEK180K
AGE
46
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Jan 19 Buy Anders Moberg Individual 14. May 18 14. May 18 100,000 €3.59 €358,962
20. Dec 18 Buy Ulf Rostedt Individual 19. Dec 18 19. Dec 18 10,000 €1.33 €13,350
20. Dec 18 Buy Anders Moberg Individual 19. Dec 18 19. Dec 18 100,000 €1.35 €135,234
X
Management checks
We assess ITAB Shop Concept'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. ITAB Shop Concept 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.

29I News

Simply Wall St News

29I Company Info

Description

ITAB Shop Concept AB (publ) develops, manufactures, sells, and installs shop fitting concepts for retail chain stores. It offers entrance and exit systems, such as automatic gates, gate arms, ADS direction alarms, mechanical gates, queue merchandising shelf systems, call forward queue systems, screen walls, and shop accessories; shop fittings; and lighting products, including track lights and systems, downlights and recessed lights, linear lights, LED panels, uplights, surface-mounted and pendant lighting products, strips and coils, exterior and fuel lighting products, and emergency lighting solutions. The company also provides checkouts, self-checkout, and digital solutions, as well as drug storage solutions for pharmacies and hospitals. It has operations in the United Kingdom, Sweden, Norway, Germany, Denmark, North America, Finland, Italy, France, the Netherlands, China, Poland, Belgium, Spain, Russia, and internationally. ITAB Shop Concept AB (publ) is headquartered in Jönköping, Sweden.

Details
Name: ITAB Shop Concept AB (publ)
29I
Exchange: DB
Founded:
SEK235,086,831
102,383,430
Website: http://itab.com
Address: ITAB Shop Concept AB (publ)
Instrumentvägen 2,
Box 9054,
Jönköping,
Jönköping County, 550 09,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ITAB B Class B Common Shares OMX Nordic Exchange Stockholm SE SEK 28. May 2004
DB 29I Class B Common Shares Deutsche Boerse AG DE EUR 28. May 2004
LSE 0RGW Class B Common Shares London Stock Exchange GB SEK 28. May 2004
BATS-CHIXE ITABBS Class B Common Shares BATS 'Chi-X Europe' GB SEK 28. May 2004
Number of employees
Current staff
Staff numbers
3,424
ITAB Shop Concept employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 22:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
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.