DB:8XA

Stock Analysis Report

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Executive Summary

Actic Group AB (publ) operates health and fitness clubs in Sweden, Norway, Germany, and Austria.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Actic Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8XA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.2%

8XA

-3.0%

DE Hospitality

0.05%

DE Market


1 Year Return

-36.9%

8XA

-38.5%

DE Hospitality

3.4%

DE Market

Return vs Industry: 8XA underperformed the German Hospitality industry which returned -34.4% over the past year.

Return vs Market: 8XA underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

8XAIndustryMarket
7 Day-5.2%-3.0%0.05%
30 Day-11.6%-11.5%5.5%
90 Day-1.8%13.3%19.9%
1 Year-36.9%-36.9%-35.9%-38.5%5.7%3.4%
3 Year-71.1%-72.0%-51.0%-57.7%3.4%-4.7%
5 Yearn/a-52.1%-62.2%10.4%-4.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Actic Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8XA (€1.38) is trading below our estimate of fair value (€11.2)

Significantly Below Fair Value: 8XA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8XA is unprofitable, so we can't compare its PE Ratio to the DE Hospitality industry average.

PE vs Market: 8XA is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8XA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8XA is good value based on its PB Ratio (0.8x) compared to the DE Hospitality industry average (2x).


Next Steps

Future Growth

How is Actic Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

116.0%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Actic Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Actic Group performed over the past 5 years?

-69.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8XA is currently unprofitable.

Growing Profit Margin: 8XA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8XA is unprofitable, and losses have increased over the past 5 years at a rate of -69.3% per year.

Accelerating Growth: Unable to compare 8XA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8XA is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-15.6%).


Return on Equity

High ROE: 8XA has a negative Return on Equity (-109.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is Actic Group's financial position?


Financial Position Analysis

Short Term Liabilities: 8XA's short term assets (SEK191.4M) do not cover its short term liabilities (SEK429.3M).

Long Term Liabilities: 8XA's short term assets (SEK191.4M) do not cover its long term liabilities (SEK1.1B).


Debt to Equity History and Analysis

Debt Level: 8XA's debt to equity ratio (163.4%) is considered high.

Reducing Debt: 8XA's debt to equity ratio has reduced from 183% to 163.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 8XA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 8XA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.3% per year.


Next Steps

Dividend

What is Actic Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8XA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8XA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8XA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8XA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8XA is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8XA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Anders Carlbark (39yo)

1.58yrs

Tenure

kr3,243,000

Compensation

Mr. Anders Carlbark has been an Chief Executive Officer at Actic Group AB (publ) since April 2019 and was its Acting Marketing Manager since December 2018. He serves as Global Head of Merchandising at H&M. ...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD356.01K) is about average for companies of similar size in the German market ($USD468.99K).

Compensation vs Earnings: Anders's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Anders Carlbark
Chief Executive Officer1.58yrskr3.24m0.063% SEK14.0k
Stephan Ebberyd
Interim Chief Financial Officer0.50yrno datano data
Sofia Brandberg
Chief Marketing Officer1.5yrsno datano data
Linda Nilsson
Head of Human Resources7.5yrsno data0.011% SEK2.4k
Mårten Hoffman
Head of IT3.5yrsno data0.0035% SEK768.2
Stefan Johansson
Head of Group Expansion0.92yrno datano data
Jonas Lissjanis
Chief Product Officer0.58yrno datano data

1.5yrs

Average Tenure

45yo

Average Age

Experienced Management: 8XA's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Göran Carlson
Chairman of the Board2.5yrskr629.00k0.019% SEK4.2k
Stefan Charette
Director3.5yrskr300.00k0.91% SEK201.2k
Fredrik Söderberg
Independent Director2.5yrskr300.00k0.063% SEK14.0k
Therese Hillman
Independent Director2.5yrskr250.00kno data
Viktor Linnell
Independent Director2.17yrskr269.00kno data
Trine Marsdal
Independent Director1.17yrskr196.00kno data

2.5yrs

Average Tenure

47yo

Average Age

Experienced Board: 8XA's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

Actic Group AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Actic Group AB (publ)
  • Ticker: 8XA
  • Exchange: DB
  • Founded: 1981
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: kr230.506m
  • Listing Market Cap: kr22.202m
  • Shares outstanding: 15.90m
  • Website: https://www.acticgroup.com

Number of Employees


Location

  • Actic Group AB (publ)
  • Smidesvägen 12
  • Solna
  • Stockholm County
  • 171 41
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0ROILSE (London Stock Exchange)YesClass A SharesGBSEKApr 2017
ATICOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKApr 2017
8XADB (Deutsche Boerse AG)YesClass A SharesDEEURApr 2017
ATICSBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKApr 2017

Biography

Actic Group AB (publ) operates health and fitness clubs in Sweden, Norway, Germany, and Austria. It offers gym and swim facilities, as well as access to fitness clubs, PTs, and group training. The company also provides energy bars and drinks, training clothes, and other miscellaneous training products through online web shop; and training packages for corporate customers’ employees, as well as arranges education program for instructors. It operates 181 clubs; and serves 222,000 members. The company was founded in 1981 and is headquartered in Solna, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:47
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.