SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden, Norway, and Austria.
Average dividend payer and fair value.
Share Price & News
How has SkiStar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3AJ's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3AJ exceeded the German Hospitality industry which returned -29.7% over the past year.
Return vs Market: 3AJ underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is SkiStar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SkiStar undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3AJ (€9.17) is trading below our estimate of fair value (€9.44)
Significantly Below Fair Value: 3AJ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 3AJ is good value based on its PE Ratio (18x) compared to the Hospitality industry average (23.4x).
PE vs Market: 3AJ is good value based on its PE Ratio (18x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: 3AJ is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 3AJ is overvalued based on its PB Ratio (3.1x) compared to the DE Hospitality industry average (2x).
How is SkiStar forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3AJ's forecast earnings growth (12.1% per year) is above the savings rate (0.2%).
Earnings vs Market: 3AJ's earnings (12.1% per year) are forecast to grow slower than the German market (21.6% per year).
High Growth Earnings: 3AJ's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3AJ's revenue (4.4% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: 3AJ's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3AJ's Return on Equity is forecast to be low in 3 years time (17.5%).
How has SkiStar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3AJ has high quality earnings.
Growing Profit Margin: 3AJ's current net profit margins (16.2%) are lower than last year (21.2%).
Past Earnings Growth Analysis
Earnings Trend: 3AJ's earnings have grown by 15.4% per year over the past 5 years.
Accelerating Growth: 3AJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3AJ had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Hospitality industry average (-36.8%).
Return on Equity
High ROE: 3AJ's Return on Equity (16.6%) is considered low.
How is SkiStar's financial position?
Financial Position Analysis
Short Term Liabilities: 3AJ's short term assets (SEK721.7M) do not cover its short term liabilities (SEK1.5B).
Long Term Liabilities: 3AJ's short term assets (SEK721.7M) do not cover its long term liabilities (SEK2.0B).
Debt to Equity History and Analysis
Debt Level: 3AJ's debt to equity ratio (47.4%) is considered high.
Reducing Debt: 3AJ's debt to equity ratio has reduced from 96.2% to 47.4% over the past 5 years.
Debt Coverage: 3AJ's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 3AJ's interest payments on its debt are well covered by EBIT (8.8x coverage).
What is SkiStar's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3AJ's dividend (3.38%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: 3AJ's dividend (3.38%) is low compared to the top 25% of dividend payers in the German market (3.93%).
Stability and Growth of Payments
Stable Dividend: 3AJ's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3AJ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.9%), 3AJ's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3AJ's dividends in 3 years are forecast to be covered by earnings (60.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Stefan Sjöstrand (51yo)
Mr. Stefan Sjöstrand is Chief Executive Officer at SkiStar AB (publ) since 2020. He has Principle education and professional experience.
|Director||1.33yrs||no data||no data|
|Independent Director||1.33yrs||no data||no data|
|Independent Director||5.33yrs||kr270.16k||0.013% SEK98.9k|
|Independent Chairman of the Board||no data||kr370.43k||0.011% SEK89.0k|
|Independent Director||1.33yrs||no data||no data|
|Employee Representative Director||3.17yrs||no data||no data|
Experienced Board: 3AJ's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 3AJ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SkiStar AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: SkiStar AB (publ)
- Ticker: 3AJ
- Exchange: DB
- Industry: Leisure Facilities
- Sector: Consumer Services
- Market Cap: kr8.120b
- Listing Market Cap: kr774.984m
- Shares outstanding: 78.38m
- Website: https://www.skistar.com
Number of Employees
- SkiStar AB (publ)
- Dalarna County
- 780 67
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SKIS B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Jul 1994|
|3AJ||DB (Deutsche Boerse AG)||Yes||Class B Shares||DE||EUR||Jul 1994|
|SKISBs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Jul 1994|
SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden, Norway, and Austria. The company operates in two segments, Operation of Ski Resorts and Property Development and Exploitation. It provides skiing/ski lifts/ski passes, accommodation, ski rental, and property services. The company also operates ski schools and sporting goods stores, as well as restaurants. In addition, it organizes events, as well as engages in advertising sales, kiosks, and Ski Direct card businesses. Further, the company invests in properties, lands, snow parks, lifts and machineries, and companies. It operates a network of 29 ski rental outlets, including 9 in Sälen, 9 in Åre, 6 in Vemdalen, 2 in Hemsedal, and 3 in Trysil; and 2 sporting goods stores in Sälen and Vemdalen, as well as owns and operates sports shops in Åre and Hemseda. The company serves customers through agents and call centers, as well as through its Website skistarshop.com. The company is headquartered in Sälen, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 23:41|
|End of Day Share Price||2020/05/29 00:00|
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.