DB:0SL

Stock Analysis Report

Executive Summary

Scandi Standard AB (publ) develops, slaughters, produces, markets, and sells chicken products in Denmark, Norway, Sweden, Finland, and Ireland.

Snowflake

Fundamentals

Good value with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

0SL

0.2%

DE Food

3.9%

DE Market


1 Year Return

23.2%

0SL

-5.3%

DE Food

3.4%

DE Market

Return vs Industry: 0SL exceeded the German Food industry which returned -5.3% over the past year.

Return vs Market: 0SL exceeded the German Market which returned 3.4% over the past year.


Shareholder returns

0SLIndustryMarket
7 Day4.6%0.2%3.9%
30 Day4.9%-7.6%2.1%
90 Day7.8%-4.0%3.7%
1 Year27.1%23.2%-3.8%-5.3%6.7%3.4%
3 Year5.0%-3.8%-22.1%-27.0%18.9%8.6%
5 Year33.3%15.2%33.9%22.4%41.8%22.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

40.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 0SL (€6.37) is trading below our estimate of fair value (€10.74)

Significantly Undervalued: 0SL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0SL is good value based on its PE Ratio (18.2x) compared to the Food industry average (23x).

PE vs Market: 0SL is good value based on its PE Ratio (18.2x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 0SL is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: 0SL is overvalued based on its PB Ratio (2.8x) compared to the DE Food industry average (1.8x).


Next Steps

Future Growth

How is Scandi Standard forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0SL's forecast earnings growth (16.7% per year) is above the savings rate (0.2%).

Earnings vs Market: 0SL's earnings (16.7% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: 0SL's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0SL's revenue (4.3% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 0SL's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 0SL's Return on Equity is forecast to be low in 3 years time (18.9%).


Next Steps

Past Performance

How has Scandi Standard performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 0SL has become profitable over the past 5 years, growing earnings by 15.3% per year.

Accelerating Growth: 0SL's earnings growth over the past year (40.2%) exceeds its 5-year average (15.3% per year).

Earnings vs Industry: 0SL earnings growth over the past year (40.2%) exceeded the Food industry 14.4%.


Return on Equity

High ROE: 0SL's Return on Equity (15.2%) is considered low.


Return on Assets

ROA vs Industry: 0SL's Return on Assets is below or equal to the Food industry average last year.


Return on Capital Employed

ROCE Improving: 0SL's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Scandi Standard's financial position?


Financial Position Analysis

Short Term Liabilities: 0SL's short term assets (SEK2.0B) exceeds its short term liabilities (SEK1.7B)

Long Term Liabilities: 0SL's short term assets (2.0B) do not cover its long term liabilities (2.8B)


Debt to Equity History and Analysis

Debt Level: 0SL's debt to equity ratio (121.8%) is considered high

Reducing Debt: 0SL's debt to equity ratio has reduced from 265.9% to 121.8% over the past 5 years.

Debt Coverage: 0SL's debt is well covered by operating cash flow (28.2%).

Interest Coverage: 0SL's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet

Inventory Level: 0SL has a high level of physical assets or inventory.

Debt Coverage by Assets: 0SL's debt is covered by short term assets (assets are 1.012400x debt).


Next Steps

Dividend

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

2.87%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years4.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 0SL's dividend (2.87%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: 0SL's dividend (2.87%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: 0SL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 0SL's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.1%), 0SL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 0SL's dividends in 3 years are forecast to be covered by earnings (53% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Leif Hansen (53yo)

0yrs

Tenure

kr8,217,000

Compensation

Mr. Leif Bergvall Hansen, M.Sc, serves as the Chief Executive Officer and President at Scandi Standard AB and has been its Managing Director since 2013. Mr. Hansen is a board member of Danpo A/S and Farmfo ...


CEO Compensation Analysis

Compensation vs. Market: Leif's total compensation ($USD845.95K) is about average for companies of similar size in the German market ($USD809.25K).

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


Management Age and Tenure

1.4yrs

Average Tenure

49yo

Average Age

Experienced Management: 0SL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

5.8yrs

Average Tenure

61yo

Average Age

Experienced Board: 0SL's board of directors are considered experienced (5.8 years average tenure).


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

Sellkr16,21822 May 19
Magnus Lagergren
EntityIndividual
Shares2,700
Max Pricekr6.01
Buykr28,33722 May 19
Magnus Lagergren
EntityIndividual
Shares4,793
Max Pricekr5.91
Sellkr444,21822 May 19
Leif Hansen
EntityIndividual
Role
Chief Executive Officer
CEO, President & MD
Shares75,000
Max Pricekr5.93
Buykr26,13816 Nov 18
Fredrik Strömmen
EntityIndividual
Shares5,000
Max Pricekr5.23

Ownership Breakdown


Management Team

  • Henrik Heiberg (45yo)

    Head of M&A

    • Tenure: 2.9yrs
  • Samuli Eskola (45yo)

    CEO of Finland & Country Manager of Finland

    • Tenure: 1.4yrs
  • Leif Hansen (53yo)

    CEO, President & MD

    • Tenure: 0yrs
    • Compensation: kr8.22m
  • Per Jensen (57yo)

    Chief Operating Officer

    • Tenure: 6.8yrs
  • Jenny Fridh

    Head of Corporate Communications

    • Tenure: 0yrs
  • Tobias Wastensson

    Head of Group Finance

    • Tenure: 0yrs
  • Julia Lagerqvist

    Chief Financial Officer

    • Tenure: 0.4yrs
  • Ado Carton

    CEO of Manor Farm

    • Tenure: 0.3yrs

Board Members

  • Karsten Slotte (66yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: kr355.00k
  • Per Harkjær (62yo)

    Chairman

    • Tenure: 5.8yrs
    • Compensation: kr71.00k
  • Gunilla Aschan (59yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: kr400.00k
  • Michael Parker (66yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: kr325.00k
  • Heléne Vibbleus (61yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: kr475.00k
  • Øystein Engebretsen (39yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: kr430.00k
  • Vincent Carton (61yo)

    Director

    • Tenure: 1.4yrs

Company Information

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


Key Information

  • Name: Scandi Standard AB (publ)
  • Ticker: 0SL
  • Exchange: DB
  • Founded: 1950
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr4.615b
  • Listing Market Cap: kr427.212m
  • Shares outstanding: 66.12m
  • Website: https://www.scandistandard.com

Number of Employees


Location

  • Scandi Standard AB (publ)
  • Franzéngatan 5
  • Stockholm
  • Stockholm County
  • 104 25
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCSTOM (OMX Nordic Exchange Stockholm)YesCommon StockSESEKJun 2014
0SLDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2014
SCSTSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBSEKJun 2014
0QVRLSE (London Stock Exchange)YesCommon StockGBSEKJun 2014

Biography

Scandi Standard AB (publ) develops, slaughters, produces, markets, and sells chicken products in Denmark, Norway, Sweden, Finland, and Ireland. It offers chilled, frozen, organic, ready-to-cook, ready-to-e ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:33
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
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.