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New Wave Group

DB:NWG
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NWG
DB
SEK4B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally. The last earnings update was 42 days ago. More info.


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NWG Share Price and Events
7 Day Returns
0.9%
DB:NWG
2.4%
DE Luxury
0.7%
DE Market
1 Year Returns
5%
DB:NWG
5.7%
DE Luxury
-8.7%
DE Market
NWG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Wave Group (NWG) 0.9% -3.7% 28.4% 5% 53.4% 18.6%
DE Luxury 2.4% 5.6% 16.5% 5.7% 89.8% 107.8%
DE Market 0.7% 2.2% 8.8% -8.7% 7.6% 9.7%
1 Year Return vs Industry and Market
  • NWG outperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
NWG
Industry
5yr Volatility vs Market

Value

 Is New Wave Group 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 New Wave Group 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 New Wave Group.

DB:NWG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
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:NWG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 22%) (53.84%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.982 * 5.96%)
6.08%

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

The calculations below outline how an intrinsic value for New Wave Group 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:NWG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.08%)
2019 129.39 Analyst x3 121.97
2020 305.37 Analyst x3 271.36
2021 345.50 Analyst x2 289.41
2022 327.00 Analyst x1 258.21
2023 314.62 Est @ -3.79% 234.19
2024 306.50 Est @ -2.58% 215.06
2025 301.17 Est @ -1.74% 199.21
2026 297.71 Est @ -1.15% 185.63
2027 295.52 Est @ -0.74% 173.70
2028 294.20 Est @ -0.45% 163.01
Present value of next 10 years cash flows SEK2,111.75
DB:NWG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK294.20 × (1 + 0.23%) ÷ (6.08% – 0.23%)
SEK5,036.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK5,036.70 ÷ (1 + 6.08%)10
SEK2,790.67
DB:NWG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK2,111.75 + SEK2,790.67
SEK4,902.42
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK4,902.42 / 66.34
SEK73.89
DB:NWG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NWG represents 0.095x of OM:NEWA B
(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 73.89 x 0.095
€7.02
Value per share (EUR) From above. €7.02
Current discount Discount to share price of €5.70
= -1 x (€5.70 - €7.02) / €7.02
18.8%

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

Current Discount
Amount off the current price New Wave Group is available for.
Intrinsic value
19%
Share price is €5.7 vs Future cash flow value of €7.02
Current Discount Checks
For New Wave Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • New Wave Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • New Wave Group'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 New Wave Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Wave Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NWG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK5.48
OM:NEWA B Share Price ** OM (2019-03-21) in SEK SEK60
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 24.87x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.55x

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

** Primary Listing of New Wave Group.

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

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

= 60 ÷ 5.48

10.95x

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

  • New Wave Group is good value based on earnings compared to the DE Luxury industry average.
  • New Wave Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does New Wave Group's expected growth come at a high price?
Raw Data
DB:NWG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.6%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.83x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.95x ÷ 8.6%

1.28x

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

  • New Wave Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on New Wave Group's assets?
Raw Data
DB:NWG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK51.47
OM:NEWA B Share Price * OM (2019-03-21) in SEK SEK60
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.5x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.79x
DB:NWG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 60 ÷ 51.47

1.17x

* Primary Listing of New Wave Group.

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

  • New Wave Group is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess New Wave Group'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. New Wave Group has a total score of 3/6, 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.

Future Performance

 How is New Wave Group expected to perform in the next 1 to 3 years based on estimates from 3 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
8.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Wave Group expected to grow at an attractive rate?
  • New Wave Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • New Wave Group's earnings growth is positive but not above the Germany market average.
  • New Wave Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NWG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NWG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.6%
DB:NWG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.2%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:NWG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NWG Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,826 2
2021-12-31 7,390 521 461 3
2020-12-31 7,064 399 449 3
2019-12-31 6,762 267 402 3
DB:NWG Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 6,291 223 363
2018-09-30 5,978 183 349
2018-06-30 5,757 255 364
2018-03-31 5,606 181 335
2017-12-31 5,597 208 354
2017-09-30 5,516 354 335
2017-06-30 5,485 380 316
2017-03-31 5,371 419 306
2016-12-31 5,237 449 276
2016-09-30 5,094 544 212
2016-06-30 5,065 367 191
2016-03-31 4,999 222 151

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Wave Group's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
  • New Wave Group's revenue is expected to grow by 5.2% 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:NWG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from New Wave Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NWG Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 6.95 6.95 6.95 1.00
2020-12-31 6.78 7.00 6.56 2.00
2019-12-31 6.04 6.08 6.00 2.00
DB:NWG Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 5.48
2018-09-30 5.26
2018-06-30 5.49
2018-03-31 5.05
2017-12-31 5.34
2017-09-30 5.04
2017-06-30 4.76
2017-03-31 4.61
2016-12-31 4.16
2016-09-30 3.20
2016-06-30 2.88
2016-03-31 2.27

*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.
  • New Wave Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New Wave Group'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.
New Wave Group has a total score of 1/6, 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.

Past Performance

  How has New Wave Group 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 New Wave Group's growth in the last year to its industry (Luxury).
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.
  • New Wave Group's year on year earnings growth rate has been positive over the past 5 years.
  • New Wave Group's 1-year earnings growth is less than its 5-year average (2.7% vs 19.7%)
  • New Wave Group's earnings growth has not exceeded the DE Luxury industry average in the past year (2.7% vs 21.4%).
Earnings and Revenue History
New Wave Group'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 New Wave Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NWG 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 6,290.60 363.40 2,399.40
2018-09-30 5,977.50 348.70 2,277.70
2018-06-30 5,757.40 364.20 2,179.00
2018-03-31 5,605.90 335.20 2,116.10
2017-12-31 5,597.30 354.00 2,069.20
2017-09-30 5,515.60 334.70 2,045.10
2017-06-30 5,484.90 315.50 2,039.40
2017-03-31 5,370.50 305.60 1,998.90
2016-12-31 5,237.10 276.10 1,979.40
2016-09-30 5,093.80 212.20 1,952.10
2016-06-30 5,065.40 190.80 1,951.10
2016-03-31 4,999.40 150.90 1,959.40
2015-12-31 4,964.70 143.60 1,937.60
2015-09-30 4,818.90 172.70 1,887.30
2015-06-30 4,669.20 174.60 1,802.90
2015-03-31 4,461.20 176.10 1,725.60
2014-12-31 4,273.60 176.20 1,659.20
2014-09-30 4,153.90 174.20 1,591.90
2014-06-30 4,066.60 165.10 1,568.40
2014-03-31 4,078.60 175.60 1,562.40
2013-12-31 4,047.40 187.20 1,551.10
2013-09-30 4,083.70 198.10 1,558.10
2013-06-30 4,102.50 20.10 1,580.80
2013-03-31 4,182.10 14.10 1,620.70
2012-12-31 4,280.20 5.40 1,656.50
2012-09-30 4,291.60 -11.80 1,692.10
2012-06-30 4,338.70 181.30 1,698.10
2012-03-31 4,284.70 184.70 1,647.80

*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.
  • New Wave Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New Wave Group used its assets less efficiently than the DE Luxury industry average last year based on Return on Assets.
  • New Wave Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess New Wave Group'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 Luxury 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.
New Wave Group 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.

Health

 How is New Wave Group'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 New Wave Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Wave Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Wave Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of New Wave Group'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 2.3x 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 New Wave Group Company Filings, last reported 2 months ago.

DB:NWG Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,434.20 2,143.20 312.20
2018-09-30 3,272.40 2,103.10 192.60
2018-06-30 3,221.90 2,013.90 215.40
2018-03-31 3,106.90 1,872.80 180.50
2017-12-31 3,029.20 1,839.70 202.40
2017-09-30 2,837.20 1,877.50 155.60
2017-06-30 2,776.00 1,892.80 178.90
2017-03-31 2,829.90 1,906.20 191.90
2016-12-31 2,817.20 1,967.80 218.90
2016-09-30 2,654.30 2,122.80 172.90
2016-06-30 2,541.40 2,067.00 157.10
2016-03-31 2,493.50 2,005.80 136.30
2015-12-31 2,513.60 2,094.60 165.50
2015-09-30 2,487.20 2,458.00 167.70
2015-06-30 2,413.50 2,256.40 169.50
2015-03-31 2,495.90 2,133.00 159.00
2014-12-31 2,405.10 2,044.80 216.00
2014-09-30 2,222.00 1,859.30 169.60
2014-06-30 2,109.50 1,502.90 176.00
2014-03-31 2,092.90 1,341.30 153.10
2013-12-31 2,102.80 1,449.10 185.10
2013-09-30 1,975.90 1,580.20 123.70
2013-06-30 1,949.60 1,592.30 163.00
2013-03-31 1,919.20 1,575.80 168.00
2012-12-31 1,958.00 1,746.40 229.70
2012-09-30 1,833.80 1,889.20 107.60
2012-06-30 2,049.40 1,829.60 119.50
2012-03-31 2,060.50 1,797.20 70.40
  • New Wave Group's level of debt (62.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (68.9% vs 62.4% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.1x coverage).
X
Financial health checks
We assess New Wave Group'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. New Wave Group 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.

Dividends

 What is New Wave Group'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
3.33%
Current annual income from New Wave Group dividends. Estimated to be 4.15% next year.
If you bought €2,000 of New Wave Group shares you are expected to receive €67 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?
  • New Wave Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • New Wave Group's dividend is below the markets top 25% of dividend payers in Germany (3.84%).
Upcoming dividend payment

Purchase New Wave Group on or 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:NWG 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 3 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 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 3.8%

Industry and Market average data is calculated daily.

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

DB:NWG Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 2.80 1.00
2020-12-31 2.55 2.00
2019-12-31 2.28 2.00
DB:NWG Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-07 2.000 3.229
2018-05-16 1.700 3.142
2017-04-07 1.350 2.386
2016-04-19 1.000 2.082
2016-02-11 1.000 2.958
2015-03-31 1.000 2.655
2014-04-03 1.000 2.589
2013-04-04 1.000 2.781
2012-05-15 1.000 3.973
2011-05-17 1.000 3.225
2010-02-11 0.250 0.638
2010-01-04 0.250 0.774
2009-05-19 0.180 0.991
2009-03-23 1.000 8.674

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of New Wave Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess New Wave Group'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 New Wave Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Wave Group has a total score of 5/6, see the detailed checks below.


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

Management

 What is the CEO of New Wave Group'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
Torsten Jansson
COMPENSATION SEK1,300,000
AGE 56
TENURE AS CEO 9.8 years
CEO Bio

Mr. Torsten Jansson, VD, has been the Chief Executive Officer at New Wave Group AB (publ) since May 19, 2009 and serves as its Managing Director. Mr. Jansson is the Founder of New Wave Group AB (Publ). Mr. Jansson serves as the Managing Director of New Wave Group AB. Previously, he served as the President of New Wave Group AB and also served as its Chief Executive Officer until May 11, 2007. He served as the Chairman of JC Jeans Company AB. He served as the Chairman of New Wave Group AB from 2007 to May 19, 2009. Mr. Jansson served as the Chairman of Cutter & Buck Inc. He has been a Director of Cutter & Buck Inc., since June 8, 2007 and New Wave Group AB (publ) since 1991. He serves as a Director of JC Jeans Company AB. Mr. Jansson served as Director of RNB Retail and Brands AB since 2007.

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

Average tenure and age of the New Wave Group management team in years:

12.2
Average Tenure
55
Average Age
  • The average tenure for the New Wave Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Torsten Jansson

TITLE
Founder
COMPENSATION
SEK1M
AGE
56
TENURE
9.8 yrs

Lars Jönsson

TITLE
Chief Financial Officer
AGE
54
TENURE
12.2 yrs

Rebecka Zetterström

TITLE
Corporate Legal Counsel and CSR Manager

Göran Härstedt

TITLE
Deputy CEO & Global Brand Manager
AGE
53
TENURE
18.2 yrs

Mark Cao

TITLE
Chief Buying Officer
AGE
55
TENURE
2 yrs

Tomas Jansson

TITLE
Manager of Corporate Promo
AGE
53

Leif Jondring

TITLE
Managing Director of Jobman Workwear
TENURE
21.2 yrs

Christophe Lardy

TITLE
Managing Director of New Wave France SAS
TENURE
13.1 yrs

Magnus Claesson

TITLE
Area Manager of Asia
AGE
58
TENURE
8.4 yrs

Ernest Johnson

TITLE
CEO of New Wave Group USA Inc & Area Manager North America
AGE
67
Board of Directors Tenure

Average tenure and age of the New Wave Group board of directors in years:

7.5
Average Tenure
56
Average Age
  • The tenure for the New Wave Group board of directors is about average.
Board of Directors

Olof Persson

TITLE
Chairman of the Board
COMPENSATION
SEK300K
AGE
54
TENURE
2.8 yrs

Torsten Jansson

TITLE
Founder
COMPENSATION
SEK1M
AGE
56
TENURE
28.2 yrs

Mats Årjes

TITLE
Director
COMPENSATION
SEK200K
AGE
51
TENURE
12.2 yrs

Kinna Bellander

TITLE
Director
COMPENSATION
SEK200K
AGE
56
TENURE
9.8 yrs

M. Widerberg

TITLE
Director
COMPENSATION
SEK200K
AGE
69
TENURE
5.2 yrs

Elisabeth Dahlin

TITLE
Director
COMPENSATION
SEK200K
AGE
61
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • New Wave Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Mar 19 Sell Torsten Jansson Individual 08. Mar 19 08. Mar 19 -60,000 €4.81 €-271,378
10. Dec 18 Buy Torsten Jansson Individual 06. Dec 18 07. Dec 18 162,607 €4.84 €772,505
29. Nov 18 Buy Torsten Jansson Individual 28. Nov 18 28. Nov 18 150,000 €4.74 €711,460
25. May 18 Buy M. Widerberg Individual 17. May 18 17. May 18 6,000 €4.94 €29,670
19. May 18 Buy M. Widerberg Individual 17. May 18 17. May 18 2,000 €4.96 €9,919
X
Management checks
We assess New Wave Group'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. New Wave Group 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.

News

Simply Wall St News

Company Info

Description

New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally. The company operates through three segments: Corporate Promo, Sports & Leisure, and Gifts & Home Furnishings. The Corporate Promo segment offers promo wear products, such as garments made of various textiles, as well as leisure, work, and sports clothes under the D.A.D Sportswear, James Harvest Sportswear, Cottover, and Clique brand names; and promotional gifts, including pens, USB flash drives, digital picture frames, handbags, bed linens, and towels under the d-vice, Queen Anne, and Toppoint brands. It also provides a range of work wear products comprising underwear, outer garments, reflective clothing, shoes, carrying systems, and accessories for professional categories, which consist of construction and installation, painters and plasterers, transport and service, and hotel and restaurant workers under the Jobman and ProJob brand names. In addition, this segment offers its products under the Derby of Sweden, Grizzly, Graphix, Hurricane, Jingham, Lord Nelson, Lord Nelson Victory, MacOne, New Wave, Nightingale, No Problem, Philips, Printer, Texas Bull, and Wilson brands. The Sports & Leisure segment provides sports and leisure products under the AHEAD, Auclair, Laurentide, Paris Glove, Cutter & Buck, Clique Retail, Craft, Seger, Termo Original, PAX, Sköna Marie, Marstrand, ANNIKA, and Kate Lord brand names, as well as under the Speedo brand. The Gifts & Home Furnishings segment provides gifts and home furnishing products under the Orrefors, Kosta Boda, Kosta Boda Art Hotel, Lodge Kosta, Kosta Linnewäfveri, Orrefors Jernverk, Sagaform, Sea Glasbruk, Joyful Giftcard, Kosta Förlag, and Kosta Outlet brand names. New Wave Group AB (publ) was founded in 1990 and is based in Gothenburg, Sweden.

Details
Name: New Wave Group AB (publ)
NWG
Exchange: DB
Founded: 1990
SEK381,509,693
66,343,543
Website: http://www.nwg.se
Address: New Wave Group AB (publ)
Kungsportsavenyen 10,
Gothenburg,
411 36,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NEWA B Series B Shares OMX Nordic Exchange Stockholm SE SEK 12. Dec 1997
DB NWG Series B Shares Deutsche Boerse AG DE EUR 12. Dec 1997
LSE 0KIZ Series B Shares London Stock Exchange GB SEK 12. Dec 1997
BATS-CHIXE NEWABs Series B Shares BATS 'Chi-X Europe' GB SEK 12. Dec 1997
Number of employees
Current staff
Staff numbers
2,605
New Wave Group employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 22:03
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/07
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.