DB:V8T

Stock Analysis Report

Executive Summary

AcadeMedia AB (publ) operates as an independent education provider in northern Europe.

Snowflake

Fundamentals

Very undervalued with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.4%

V8T

0.5%

DE Consumer Services

3.9%

DE Market


1 Year Return

-9.8%

V8T

-0.9%

DE Consumer Services

3.4%

DE Market

Return vs Industry: V8T underperformed the German Consumer Services industry which returned -0.9% over the past year.

Return vs Market: V8T underperformed the German Market which returned 3.4% over the past year.


Shareholder returns

V8TIndustryMarket
7 Day3.4%0.5%3.9%
30 Day-0.7%-1.4%2.1%
90 Day-9.5%-1.3%3.7%
1 Year-9.8%-9.8%-0.5%-0.9%6.7%3.4%
3 Year-30.7%-33.1%-8.4%-11.7%18.9%8.6%
5 Yearn/a-22.5%-38.7%41.8%22.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: V8T (€4.22) is trading below our estimate of fair value (€8.76)

Significantly Undervalued: V8T is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: V8T is good value based on its PE Ratio (11.3x) compared to the Consumer Services industry average (15.2x).

PE vs Market: V8T is good value based on its PE Ratio (11.3x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: V8T is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: V8T is good value based on its PB Ratio (1.1x) compared to the XE Consumer Services industry average (2.3x).


Next Steps

Future Growth

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

12.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: V8T's forecast earnings growth (12.8% per year) is above the savings rate (0.2%).

Earnings vs Market: V8T's earnings (12.8% per year) are forecast to grow slower than the German market (12.6% per year).

High Growth Earnings: V8T's earnings are forecast to grow, but not significantly.

Revenue vs Market: V8T's revenue (5.9% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: V8T's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: V8T's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has AcadeMedia performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: V8T has become profitable over the past 5 years, growing earnings by 20.9% per year.

Accelerating Growth: V8T's earnings growth over the past year (0.2%) is below its 5-year average (20.9% per year).

Earnings vs Industry: V8T earnings growth over the past year (0.2%) underperformed the Consumer Services industry 34.2%.


Return on Equity

High ROE: V8T's Return on Equity (9.4%) is considered low.


Return on Assets

ROA vs Industry: V8T's Return on Assets is below or equal to the Consumer Services industry average last year.


Return on Capital Employed

ROCE Improving: V8T's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is AcadeMedia's financial position?


Financial Position Analysis

Short Term Liabilities: V8T's short term assets (SEK1.5B) do not cover its short term liabilities (SEK2.6B)

Long Term Liabilities: V8T's short term assets (1.5B) do not cover its long term liabilities (2.5B)


Debt to Equity History and Analysis

Debt Level: V8T's debt to equity ratio (58.4%) is considered high

Reducing Debt: V8T's debt to equity ratio has reduced from 155.7% to 58.4% over the past 5 years.

Debt Coverage: V8T's debt is well covered by operating cash flow (25.5%).

Interest Coverage: V8T's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet

Inventory Level: V8T has a low level of unsold assets or inventory.

Debt Coverage by Assets: V8T's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

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

2.70%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Years3.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: V8T's dividend (2.7%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: V8T's dividend (2.7%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: Too early to tell whether V8T's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if V8T's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.6%), V8T's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: V8T's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).


Next Steps

Management

What is the CEO of AcadeMedia's salary, the management and board of directors tenure and is there insider trading?

4.5yrs

Average management tenure


CEO

Marcus Strömberg (54yo)

14.8yrs

Tenure

kr7,195,000

Compensation

Mr. Marcus Strömberg has been the Chief Executive Officer and President of AcadeMedia AB since 2005. Mr. Strömberg served as Managing Director of AcadeMedia AB. Mr. Strömberg has several years of experienc ...


CEO Compensation Analysis

Compensation vs. Market: Marcus's total compensation ($USD740.73K) is about average for companies of similar size in the German market ($USD809.25K).

Compensation vs Earnings: Marcus's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.5yrs

Average Tenure

54yo

Average Age

Experienced Management: V8T's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

54yo

Average Age

Experienced Board: V8T's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

Sellkr32,08913 May 19
Christer Hammar
EntityIndividual
Role
Senior Key Executive
Head of the Business Segment Adult Education
Shares7,000
Max Pricekr4.58

Ownership Breakdown


Management Team

  • Eola Runsten (54yo)

    Chief Financial Officer

    • Tenure: 6.8yrs
  • Marcus Strömberg (54yo)

    President & CEO

    • Tenure: 14.8yrs
    • Compensation: kr7.20m
  • Veronica Rörsgård (45yo)

    Head of Pysslingen Preschools

    • Tenure: 1.2yrs
  • Christer Hammar (50yo)

    Head of the Business Segment Adult Education

    • Tenure: 0yrs
  • Paula Hammerskog (57yo)

    Head of Safety & Security

    • Tenure: 0.8yrs
  • Marit Lambrechts (62yo)

    Head of Preschool Norway Business Segment

    • Tenure: 5.8yrs
  • Jens Eriksson (42yo)

    Head of the Upper Secondary School Business Segment

    • Tenure: 3.2yrs
  • Ingela Gullberg

    Head of Quality

    • Tenure: 0yrs
  • Lise-Lotte Oldmark (55yo)

    Head of HR & Head of AcadeMedia Academy

    • Tenure: 5.8yrs
  • Annette Lilliestierna (53yo)

    Director of Communications

    • Tenure: 0.8yrs

Board Members

  • Pia Rudengren (54yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: kr250.00k
  • Anders Bülow (66yo)

    Chairman

    • Tenure: 1.9yrs
    • Compensation: kr535.00k
  • Thomas Berglund (67yo)

    Deputy Chairman

    • Tenure: 1.9yrs
    • Compensation: kr187.00k
  • Silvija Seres (49yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: kr275.00k
  • Widar Andersson

    Chairman of Advisory Board

    • Tenure: 0yrs
    • Compensation: kr33.00k
  • Annika Nordgren Christensen

    Member of Advisory Board

    • Tenure: 0yrs
  • Anders Jonsson

    Member of Advisory Board

    • Tenure: 0yrs
  • Stig-Björn Ljunggren

    Member of Advisory Board

    • Tenure: 0yrs
  • Maria Abrahamsson

    Member of Advisory Board

    • Tenure: 0yrs
  • Anders Lövgren (52yo)

    Employee Representative Director

    • Tenure: 3.7yrs

Company Information

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


Key Information

  • Name: AcadeMedia AB (publ)
  • Ticker: V8T
  • Exchange: DB
  • Founded: 1996
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: kr4.877b
  • Listing Market Cap: kr451.409m
  • Shares outstanding: 105.22m
  • Website: https://www.academedia.se

Number of Employees


Location

  • AcadeMedia AB (publ)
  • Adolf Fredriks Kyrkogata 2
  • Box 213
  • Stockholm
  • Stockholm County
  • 101 24
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACADOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKJun 2016
V8TDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2016
0RHNLSE (London Stock Exchange)YesOrdinary SharesGBSEKJun 2016
ACADSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKJun 2016

Biography

AcadeMedia AB (publ) operates as an independent education provider in northern Europe. It operates through four segments: Pre- and Compulsory School, Upper Secondary School, Adult Education, and Preschool  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 22:03
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.