DB:TMR

Stock Analysis Report

Executive Summary

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide.


Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TMR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.6%

TMR

1.9%

DE Commercial Services

2.0%

DE Market


1 Year Return

18.7%

TMR

-2.5%

DE Commercial Services

15.1%

DE Market

Return vs Industry: TMR exceeded the German Commercial Services industry which returned -0.5% over the past year.

Return vs Market: TMR exceeded the German Market which returned 15% over the past year.


Shareholder returns

TMRIndustryMarket
7 Day3.6%1.9%2.0%
30 Day0.07%0.5%1.0%
90 Day11.0%6.7%3.8%
1 Year20.9%18.7%1.0%-2.5%18.6%15.1%
3 Year190.6%175.2%12.0%2.2%16.8%6.6%
5 Year294.5%258.8%4.9%-9.8%23.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

6.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TMR (€28.44) is trading below our estimate of fair value (€30.41)

Significantly Below Fair Value: TMR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TMR is poor value based on its PE Ratio (53.7x) compared to the Commercial Services industry average (32x).

PE vs Market: TMR is poor value based on its PE Ratio (53.7x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: TMR is poor value based on its PEG Ratio (5x)


Price to Book Ratio

PB vs Industry: TMR is overvalued based on its PB Ratio (8.5x) compared to the DE Commercial Services industry average (3.3x).


Next Steps

Future Growth

How is Tomra Systems forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMR's forecast earnings growth (10.8% per year) is above the savings rate (-0.4%).

Earnings vs Market: TMR's earnings (10.8% per year) are forecast to grow slower than the German market (13.3% per year).

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

Revenue vs Market: TMR's revenue (5.8% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: TMR's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TMR's Return on Equity is forecast to be low in 3 years time (16.4%).


Next Steps

Past Performance

How has Tomra Systems performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TMR has high quality earnings.

Growing Profit Margin: TMR's current net profit margins (8.5%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: TMR's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: TMR's earnings growth over the past year (18.7%) exceeds its 5-year average (10.1% per year).

Earnings vs Industry: TMR earnings growth over the past year (18.7%) exceeded the Commercial Services industry 10.8%.


Return on Equity

High ROE: TMR's Return on Equity (16%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tomra Systems's financial position?


Financial Position Analysis

Short Term Liabilities: TMR's short term assets (NOK4.7B) exceed its short term liabilities (NOK1.3B).

Long Term Liabilities: TMR's short term assets (NOK4.7B) do not cover its long term liabilities (NOK4.8B).


Debt to Equity History and Analysis

Debt Level: TMR's debt to equity ratio (39%) is considered satisfactory.

Reducing Debt: TMR's debt to equity ratio has reduced from 54.3% to 39% over the past 5 years.

Debt Coverage: TMR's debt is well covered by operating cash flow (52.7%).

Interest Coverage: TMR's interest payments on its debt are well covered by EBIT (21.3x coverage).


Balance Sheet

Inventory Level: TMR has a high level of physical assets or inventory.

Debt Coverage by Assets: TMR's debt is covered by short term assets (assets are 2.3x debt).


Next Steps

Dividend

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

0.87%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.3%markettop25%3.6%industryaverage3.3%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: TMR's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: TMR's dividend (0.87%) is low compared to the top 25% of dividend payers in the German market (3.59%).


Stability and Growth of Payments

Stable Dividend: TMR's dividends per share have been stable in the past 10 years.

Growing Dividend: TMR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.8%), TMR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TMR's dividends in 3 years are forecast to be well covered by earnings (46.1% payout ratio).


Next Steps

Management

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

8.1yrs

Average management tenure


CEO

Stefan Ranstrand (59yo)

10.5yrs

Tenure

kr9,730,085

Compensation

Mr. Stefan Ranstrand has been the Chief Executive Officer and President at Tomra Systems ASA since joining in August 2009. Mr. Ranstrand served in various management positions at ABB Ltd., from 1991 to 200 ...


CEO Compensation Analysis

Compensation vs Market: Stefan's total compensation ($USD1.05M) is below average for companies of similar size in the German market ($USD2.02M).

Compensation vs Earnings: Stefan's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stefan Ranstrand
President & CEO10.5yrskr9.73m0.094% NOK3.9m
Espen Gundersen
Deputy CEO & CFO18.1yrskr6.00m0.042% NOK1.8m
Harald Henriksen
Executive VP & Head of Business Area Collection Solutions16.1yrskr5.47m0.041% NOK1.7m
Heiner Bevers
Senior VP & Head of Collection Solutions Americas14.8yrskr804.16k0.046% NOK1.9m
Elisabet Sandnes
Senior VP & Head of Group Strategy0yrskr1.76m0.0014% NOK57.0k
Tom Eng
Senior VP & Head of Recycling8.1yrskr3.29m0.0086% NOK361.9k
Volker Rehrmann
Executive VP and Head of Recycling0.3yrskr514.75k0.014% NOK570.4k
Ashley Hunter
Senior VP & Head of Bulk Sorting TOMRA Food7.1yrskr649.86k0.022% NOK921.7k
Frank Höhler
Senior VP & Head of Central and Eastern Europe Collection Solutions3.3yrskr318.62k0.0065% NOK273.2k
Anneli Forsman
Senior VP & Head of Northern Europe Collection Solutions2.3yrskr3.52m0.00070% NOK29.6k

8.1yrs

Average Tenure

55.5yo

Average Age

Experienced Management: TMR's management team is seasoned and experienced (8.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bodil Gallon
Director6.8yrskr497.50k0.00037% NOK15.6k
Jan Svensson
Chairman4.8yrskr678.50k0.0047% NOK200.6k
Bjørn Matre
Director0.8yrsno data0.0025% NOK105.6k
David Williamson
Employee Elected Director12.1yrskr752.20k0.0011% NOK44.8k
Hege Skryseth
Director0.8yrsno data0.00033% NOK13.9k
Pierre Couderc
Director6.1yrskr497.50k0.00062% NOK26.2k
Bente Traa
Employee Elected Director2.8yrskr1.20m0.00071% NOK30.0k

4.8yrs

Average Tenure

59yo

Average Age

Experienced Board: TMR's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tomra Systems ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tomra Systems ASA
  • Ticker: TMR
  • Exchange: DB
  • Founded: 1972
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: kr42.309b
  • Listing Market Cap: kr4.222b
  • Shares outstanding: 147.52m
  • Website: https://www.tomra.com

Number of Employees


Location

  • Tomra Systems ASA
  • Drengsrudhagen 2
  • Asker
  • Akershus
  • 1385
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMRA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
TOMOB (Oslo Bors)YesOrdinary SharesNONOKJan 1992
0KV7LSE (London Stock Exchange)YesOrdinary SharesGBNOKJan 1992
TMRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
TOMOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJan 1992
TMRA.YOTCPK (Pink Sheets LLC)SPON ADR NEWUSUSDSep 1993

Biography

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through Collection Solutions and Sorting Solutions segments. The Collection Solutions segment develops, produces, sells, leases, and services automated recycling systems, including data administration systems that monitor the volume of collected materials and associated deposit transactions. It is also involved in picking up, transporting, and processing empty beverage containers on behalf of beverage producers/fillers. This segment offers its solutions to the food retail industry in Europe and the United States. The Sorting Solutions segment provides sorting and processing technology for the fresh and processed food industries; sorting systems for waste and metal material streams; and ore sorting systems for the mining industry. Tomra Systems ASA was founded in 1972 and is headquartered in Asker, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 21:45
End of Day Share Price2020/02/17 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.