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Intrum

DB:IJU
Snowflake Description

Good value with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IJU
DB
SEK34B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Intrum AB (publ), together with its subsidiaries, provides credit management and financial services in Europe and internationally. The last earnings update was 21 days ago. More info.


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IJU Share Price and Events
7 Day Returns
-1.6%
DB:IJU
0.1%
DE Commercial Services
0.8%
DE Market
1 Year Returns
2.9%
DB:IJU
-6.3%
DE Commercial Services
-4.5%
DE Market
IJU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Intrum (IJU) -1.6% -8.4% 2.1% 2.9% -24.6% 13.1%
DE Commercial Services 0.1% 3.3% 10.1% -6.3% 3.5% -41.2%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • IJU outperformed the Commercial Services industry which returned -6.3% over the past year.
  • IJU outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
IJU
Industry
5yr Volatility vs Market

IJU Value

 Is Intrum 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 Intrum 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 Intrum.

DB:IJU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:IJU
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 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 22%) (127.56%))
1.312
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.312 * 5.96%)
8.05%

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

The calculations below outline how an intrinsic value for Intrum 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:IJU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 8.05%)
2019 1,826.00 Analyst x1 1,689.96
2020 2,497.00 Analyst x1 2,138.79
2021 2,678.00 Analyst x1 2,122.93
2022 2,160.54 Est @ -19.32% 1,585.12
2023 1,869.79 Est @ -13.46% 1,269.60
2024 1,694.93 Est @ -9.35% 1,065.13
2025 1,585.13 Est @ -6.48% 921.92
2026 1,514.34 Est @ -4.47% 815.12
2027 1,468.03 Est @ -3.06% 731.33
2028 1,437.61 Est @ -2.07% 662.82
Present value of next 10 years cash flows SEK13,002.71
DB:IJU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK1,437.61 × (1 + 0.23%) ÷ (8.05% – 0.23%)
SEK18,420.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK18,420.90 ÷ (1 + 8.05%)10
SEK8,493.01
DB:IJU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK13,002.71 + SEK8,493.01
SEK21,495.72
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK21,495.72 / 131.29
SEK163.73
DB:IJU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IJU represents 0.09058x of OM:INTRUM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09058x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 163.73 x 0.09058
€14.83
Value per share (EUR) From above. €14.83
Current discount Discount to share price of €23.37
= -1 x (€23.37 - €14.83) / €14.83
-57.6%

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

  • The current share price of Intrum 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 Intrum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Intrum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IJU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK15.29
OM:INTRUM Share Price ** OM (2019-04-25) in SEK SEK258
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 17.06x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Intrum.

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

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

= 258 ÷ 15.29

16.87x

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

  • Intrum is good value based on earnings compared to the Europe Commercial Services industry average.
  • Intrum is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Intrum's expected growth come at a high price?
Raw Data
DB:IJU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
22%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.4x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.87x ÷ 22%

0.77x

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

  • Intrum is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Intrum's assets?
Raw Data
DB:IJU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK180.26
OM:INTRUM Share Price * OM (2019-04-25) in SEK SEK258
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 1.87x
DB:IJU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 258 ÷ 180.26

1.43x

* Primary Listing of Intrum.

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

  • Intrum is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Intrum'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. Intrum has a total score of 4/6, 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.

IJU Future Performance

 How is Intrum expected to perform in the next 1 to 3 years based on estimates from 4 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
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Intrum expected to grow at an attractive rate?
  • Intrum's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Intrum's earnings growth is expected to exceed the Germany market average.
  • Intrum's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IJU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IJU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 22%
DB:IJU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.9%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:IJU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IJU Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 16,934 9,366 3,910 3
2020-12-31 16,469 9,565 4,028 3
2019-12-31 15,250 8,345 3,388 3
DB:IJU Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 13,442 6,167 2,009
2018-09-30 13,026 5,954 1,895
2018-06-30 12,832 6,726 2,081
2018-03-31 10,998 5,748 1,476
2017-12-31 9,434 4,994 1,364
2017-09-30 7,991 4,505 1,433
2017-06-30 6,438 3,358 1,213
2017-03-31 6,063 3,352 1,454
2016-12-31 5,869 3,374 1,417
2016-09-30 5,607 3,141 1,273
2016-06-30 5,560 3,107 1,239
2016-03-31 5,615 3,151 1,222

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Intrum's earnings are expected to grow significantly at over 20% yearly.
  • Intrum's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (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:IJU 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 4 Analyst Estimates (S&P Global) See Below

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

DB:IJU Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 29.89 30.37 29.14 3.00
2020-12-31 30.56 32.21 29.52 4.00
2019-12-31 25.95 26.45 25.27 4.00
DB:IJU Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 15.29
2018-09-30 14.41
2018-06-30 15.80
2018-03-31 12.56
2017-12-31 13.28
2017-09-30 16.32
2017-06-30 16.65
2017-03-31 20.10
2016-12-31 19.59
2016-09-30 17.58
2016-06-30 17.08
2016-03-31 16.80

*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.
  • Intrum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Intrum'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.
Intrum has a total score of 4/6, 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.

IJU Past Performance

  How has Intrum 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 Intrum'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.
  • Intrum's year on year earnings growth rate has been positive over the past 5 years.
  • Intrum's 1-year earnings growth exceeds its 5-year average (47.3% vs 15.9%)
  • Intrum's earnings growth has exceeded the Europe Commercial Services industry average in the past year (47.3% vs 15.1%).
Earnings and Revenue History
Intrum'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 Intrum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IJU 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 13,442.00 2,009.00 2,069.00
2018-09-30 13,026.00 1,895.00 2,124.00
2018-06-30 12,832.00 2,081.00 1,944.00
2018-03-31 10,998.00 1,476.00 1,882.00
2017-12-31 9,434.00 1,364.00 1,626.00
2017-09-30 7,991.00 1,433.00 1,331.00
2017-06-30 6,438.00 1,213.00 1,116.00
2017-03-31 6,063.00 1,454.00 903.00
2016-12-31 5,869.00 1,417.00 861.00
2016-09-30 5,607.00 1,273.00 878.00
2016-06-30 5,560.00 1,239.00 864.00
2016-03-31 5,615.00 1,222.00 872.00
2015-12-31 5,628.00 1,164.00 913.00
2015-09-30 5,602.00 1,179.00 912.00
2015-06-30 5,525.00 1,160.00 902.00
2015-03-31 5,350.00 1,088.00 888.00
2014-12-31 5,184.00 1,031.00 847.00
2014-09-30 5,045.00 979.00 774.00
2014-06-30 4,871.00 890.00 742.00
2014-03-31 4,722.00 846.00 725.00
2013-12-31 4,566.00 817.00 695.00
2013-09-30 4,389.00 756.00 697.00
2013-06-30 4,255.00 711.00 697.00
2013-03-31 4,140.00 647.00 691.00
2012-12-31 4,048.00 584.00 694.00
2012-09-30 4,037.00 572.00 701.00
2012-06-30 4,034.00 567.00 709.00

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

IJU Health

 How is Intrum'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 Intrum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Intrum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Intrum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Intrum'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x 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 Intrum Company Filings, last reported 3 months ago.

DB:IJU Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 25,672.00 43,207.00 1,315.00
2018-09-30 23,326.00 35,954.00 1,450.00
2018-06-30 23,150.00 36,040.00 968.00
2018-03-31 23,632.00 34,551.00 2,583.00
2017-12-31 22,439.00 38,024.00 857.00
2017-09-30 21,899.00 34,799.00 677.00
2017-06-30 21,198.00 35,410.00 1,335.00
2017-03-31 4,477.00 8,883.00 318.00
2016-12-31 4,130.00 7,483.00 378.00
2016-09-30 3,673.00 7,204.00 339.00
2016-06-30 3,248.00 7,314.00 557.00
2016-03-31 3,457.00 6,482.00 194.00
2015-12-31 3,166.00 6,116.00 248.00
2015-09-30 3,077.00 5,874.00 201.00
2015-06-30 2,844.00 6,356.00 261.00
2015-03-31 3,179.00 5,838.00 203.00
2014-12-31 3,041.00 5,771.00 237.00
2014-09-30 3,036.00 5,369.00 259.00
2014-06-30 2,982.00 5,550.00 229.00
2014-03-31 3,275.00 4,869.00 315.00
2013-12-31 3,316.00 4,553.00 319.00
2013-09-30 3,003.00 4,628.00 238.00
2013-06-30 2,980.00 4,591.00 395.00
2013-03-31 3,092.00 3,859.00 373.00
2012-12-31 2,986.00 3,487.00 335.00
2012-09-30 2,801.00 3,370.00 487.00
2012-06-30 2,685.00 3,552.00 419.00
  • Intrum's level of debt (168.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (137.4% vs 168.3% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Intrum'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. Intrum has a total score of 1/6, 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.

IJU Dividends

 What is Intrum'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
3.68%
Current annual income from Intrum dividends. Estimated to be 5.2% next year.
If you bought €2,000 of Intrum shares you are expected to receive €74 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?
  • Intrum's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Intrum's dividend is above the markets top 25% of dividend payers in Germany (3.67%).
Upcoming dividend payment

Purchase Intrum before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:IJU 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 4 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 326 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:IJU Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 14.66 3.00
2020-12-31 13.96 4.00
2019-12-31 11.95 4.00
DB:IJU Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-04 9.500 3.726
2018-04-04 9.500 4.079
2017-06-29 9.000 3.251
2016-04-20 8.250 2.807
2015-04-22 7.000 2.529
2014-04-23 5.750 2.662
2013-04-25 5.000 3.038
2012-04-25 4.500 4.450
2011-03-31 4.100 4.205
2010-03-01 3.750 4.284
2010-01-15 3.750 4.152

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

  • Whilst dividend payments have been stable, Intrum has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Intrum only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Intrum's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Intrum'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 Intrum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Intrum has a total score of 4/6, see the detailed checks below.


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

IJU Management

 What is the CEO of Intrum'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
Mikael Ericson
COMPENSATION SEK11,969,000
AGE 58
TENURE AS CEO 3.1 years
CEO Bio

Mr. Mikael Ericson has been Chief Executive Officer and President of Lindorff Group AB since June 2017. Mr. Ericson has been the Chief Executive Officer and President of Intrum Justitia AB since March 1, 2016. Mr. Ericson served as Head of Capital Markets and Head of International Banking at Danske Bank A/S since June 2012 until March 2014 and since March 2014 until January 2016 respectively. He served as the Head of Corporate & Institutional Banking at Danske Bank A/S since October 1, 2010 until June 2012 and served as its Managing Director. Mr. Ericson served as an Acting Head of Business Area Asset Management and Head of Wealth Management at D Carnegie & Co. AB since April 2008. Mr. Ericson served as the Chief Executive Officer of Carnegie Bank A/S. He served as the President of D Carnegie & Co. AB since 2008 and also served as its Chief Executive Officer since April 2008. Mr. Ericson served as the Chief Executive Officer and President of Carnegie Investment Bank AB until February 11, 2009. He served as an Executive Vice President at Svenska Handelsbanken AB (publ) since 2006 and served as its Head of Handelsbanken Capital Markets since 2003. Previously, from 1995 to 2002, Mr. Ericson served in various executive positions within Handelsbanken in Stockholm and London. From 1987 to 1993, he worked as a Trader in Fixed-Income Instruments at Carnegie and served as Chairman of the Swedish Association of Stockbrokers since 2006. He serves as Director of E. Öhman J:or AB. He served as a Director of Sampo Bank plc from October 1, 2010 to 2012. He serves as a Member of the Supervisory Council of ZAO Svenska Handelsbanken. Mr. Ericson served as a Director of Burgundy AB. He served as Director of Danske Bank Oyj since October 1, 2010 until June 2012. He holds B.Sc. (Econ.) and M.Sc. (Econ.) from Stockholms universitet.

CEO Compensation
  • Mikael's compensation has increased by more than 20% in the past year.
  • Mikael's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Intrum management team in years:

1.8
Average Tenure
49.5
Average Age
  • The average tenure for the Intrum management team is less than 2 years, this suggests a new team.
Management Team

Mikael Ericson

TITLE
CEO & President
COMPENSATION
SEK12M
AGE
58
TENURE
3.1 yrs

Danko Maras

TITLE
Chief Financial Officer
AGE
55
TENURE
0.8 yrs

Cathrine Klouman

TITLE
Chief Operating Officer
AGE
56
TENURE
1.8 yrs

Anders Engdahl

TITLE
Chief Investment Officer
AGE
44
TENURE
1.8 yrs

Louise Bergström

TITLE
Head of Investor Relations

Niklas Lundquist

TITLE
Chief Legal Officer
AGE
48
TENURE
1.8 yrs

Anna Fall

TITLE
Chief Brand & Communications Officer
AGE
49
TENURE
0.5 yrs

Jean-Luc Ferraton

TITLE
Chief Human Resources Officer
AGE
45
TENURE
7 yrs

Mats Gustafsson

TITLE
Acting Regional Managing Director of Scandinavia and Director of Group Business Development
TENURE
10.5 yrs

Per Christofferson

TITLE
Regional Managing Director of Central & Eastern Europe
AGE
50
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Intrum board of directors in years:

2.3
Average Tenure
57
Average Age
  • The average tenure for the Intrum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Per Larsson

TITLE
Chairman
COMPENSATION
SEK1M
AGE
57
TENURE
2.3 yrs

Magnus Yngen

TITLE
Deputy Chairman
COMPENSATION
SEK600K
AGE
60
TENURE
1.8 yrs

Ragnhild Wiborg

TITLE
Director
COMPENSATION
SEK650K
AGE
57
TENURE
4 yrs

Fredrik Trägårdh

TITLE
Director
COMPENSATION
SEK535K
AGE
62
TENURE
10.3 yrs

Synnöve Trygg

TITLE
Director
COMPENSATION
SEK600K
AGE
59
TENURE
6 yrs

Erik Näsvik

TITLE
Director
COMPENSATION
SEK600K
AGE
43
TENURE
2.3 yrs

Kristoffer Melinder

TITLE
Director
COMPENSATION
SEK450K
AGE
47
TENURE
1.8 yrs

Magdalena Persson

TITLE
Director
AGE
47
TENURE
1 yrs

Hans Torsten Larsson

TITLE
Director
AGE
57
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • Intrum insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. May 18 Buy Hans Larsson Individual 02. May 18 02. May 18 16,000 €21.36 €341,683
01. Mar 19 Sell Marc Knothe Individual 26. Feb 19 26. Feb 19 -40,000 €26.32 €-1,052,914
07. Sep 18 Sell Anders Engdahl Individual 05. Sep 18 05. Sep 18 -50,000 €21.15 €-1,057,234
23. Jun 18 Buy Per Christofferson Individual 21. Jun 18 21. Jun 18 1,900 €21.47 €40,786
17. Jun 18 Buy Per Christofferson Individual 15. Jun 18 15. Jun 18 1,100 €21.06 €23,169
08. May 18 Buy Mikael Ericson Individual 08. May 18 08. May 18 2,500 €21.37 €53,420
02. May 18 Buy Per Larsson Individual 30. Apr 18 30. Apr 18 10,000 €21.83 €218,272
X
Management checks
We assess Intrum'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. Intrum 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.

IJU News

Simply Wall St News

IJU Company Info

Description

Intrum AB (publ), together with its subsidiaries, provides credit management and financial services in Europe and internationally. It offers credit optimization services, including credit monitoring, credit decision, factoring, and credit information services. The company also provides payment services, such as reminder, payment guarantee, and VAT services; collection services consisting of debt collection, debt surveillance, and debt purchase services; and e-commerce services, including credit management, payment solutions, and collection services. In addition, the company offers accounts receivables services, including invoicing, payment booking, monitoring of due dates, reminder, and collection services; factoring and portfolio investments. The company was formerly known as Intrum Justitia AB (publ). Intrum AB (publ) was founded in 1923 and is headquartered in Stockholm, Sweden.

Details
Name: Intrum AB (publ)
IJU
Exchange: DB
Founded: 1923
SEK3,190,743,109
131,291,320
Website: http://www.intrum.com
Address: Intrum AB (publ)
Hesselmans Torg 14,
Nacka,
Stockholm,
Stockholm County, 105 24,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM INTRUM Share Capital OMX Nordic Exchange Stockholm SE SEK 07. Jun 2002
DB IJU Share Capital Deutsche Boerse AG DE EUR 07. Jun 2002
LSE 0H9P Share Capital London Stock Exchange GB SEK 07. Jun 2002
OTCPK ITJT.Y UNSPONSORED ADR Pink Sheets LLC US USD 28. Mar 2013
Number of employees
Current staff
Staff numbers
9,000
Intrum employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:36
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/04
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.