DB:284

Stock Analysis Report

Executive Summary

Serstech AB provides chemical identification instruments worldwide.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 284's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.2%

284

-2.4%

DE Electronic

-0.2%

DE Market


1 Year Return

80.0%

284

8.1%

DE Electronic

13.7%

DE Market

Return vs Industry: 284 exceeded the German Electronic industry which returned 8.1% over the past year.

Return vs Market: 284 exceeded the German Market which returned 13.7% over the past year.


Shareholder returns

284IndustryMarket
7 Day-7.2%-2.4%-0.2%
30 Day-11.7%9.1%0.3%
90 Day-43.3%6.8%3.7%
1 Year86.5%80.0%10.5%8.1%17.2%13.7%
3 Yearn/a48.0%43.1%15.4%5.3%
5 Yearn/a113.5%98.2%21.3%4.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

5.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 284's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 284's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 284 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 284 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 284's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 284 is overvalued based on its PB Ratio (5.8x) compared to the DE Electronic industry average (1.9x).


Next Steps

Future Growth

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

16.5%

Forecasted Tech 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 Serstech 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 Serstech performed over the past 5 years?

-7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 284 is currently unprofitable.

Growing Profit Margin: 284 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 284 is unprofitable, and losses have increased over the past 5 years at a rate of -7.7% per year.

Accelerating Growth: Unable to compare 284's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 284 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: 284 has a negative Return on Equity (-29.7%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Serstech's financial position?


Financial Position Analysis

Short Term Liabilities: 284's short term assets (SEK9.2M) exceed its short term liabilities (SEK4.4M).

Long Term Liabilities: 284's short term assets (SEK9.2M) exceed its long term liabilities (SEK2.6M).


Debt to Equity History and Analysis

Debt Level: 284's debt to equity ratio (10.8%) is considered satisfactory.

Reducing Debt: 284's debt to equity ratio has increased from 0.5% to 10.8% over the past 5 years.


Balance Sheet

Inventory Level: 284 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 284's debt is covered by short term assets (assets are 2.6x debt).


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: Insufficient data to determine if 284 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 284 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.7%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 284's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 284's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 284's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 284's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 284'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?

1.3yrs

Average management tenure


CEO

Stefan Sandor (43yo)

1.3yrs

Tenure

0

Mr. Stefan Sandor serves as Chief Executive Officer of Serstech AB since 2018. 


Leadership Team

NamePositionTenureCompensationOwnership
Stefan Sandor
Chief Executive Officer1.3yrsno datano data
Joakim Nyström
Chief Financial Officer0.8yrsno datano data
Johan Raneke
Chief Sales Officer1.4yrsno datano data

1.3yrs

Average Tenure

40yo

Average Age

Experienced Management: 284's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Thomas Pileby
Chairman1.1yrsno datano data
Christer Fåhraeus
Director0.3yrsno datano data
Arve Nilsson
Independent Director1.1yrsno datano data
Jörg Hübner
Chairman of Advisory Board4.4yrsno datano data
Sverker Göranson
Independent Director3.1yrsno datano data

1.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: 284's board of directors are not considered experienced ( 1.1 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.


Top Shareholders

Company Information

Serstech AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Serstech AB
  • Ticker: 284
  • Exchange: DB
  • Founded: 2006
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr211.594m
  • Listing Market Cap: kr19.945m
  • Shares outstanding: 71.24m
  • Website: https://www.serstech.com

Number of Employees


Location

  • Serstech AB
  • Ideon Science Park
  • Sölvegatan 43
  • Lund
  • Skåne County
  • 223 70
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SERTOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKAug 2013
284DB (Deutsche Boerse AG)YesShare CapitalDEEURAug 2013

Biography

Serstech AB provides chemical identification instruments worldwide. It offers the Serstech 100 Indicator, a handheld, small, and light Raman spectrometer for measuring chemicals, such as explosives, narcotics, toxic industrial chemicals, pharmaceuticals, and chemical warfare agents; and ChemDash, a chemical intelligence software for measuring, storing, analyzing, and sharing information. It provides its solutions for explosive, CBRN and hazmat, narcotics, pharma, material inspection and QA, process control, product development, and educational applications. Serstech AB was founded in 2006 and is headquartered in Lund, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 23:44
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
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.