DB:2LU

Stock Analysis Report

Executive Summary

Acconeer AB (publ) develops radar sensors.


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 2LU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

2LU

-6.1%

DE Electronic

-4.7%

DE Market


1 Year Return

-16.3%

2LU

2.1%

DE Electronic

8.3%

DE Market

Return vs Industry: 2LU underperformed the German Electronic industry which returned 2.1% over the past year.

Return vs Market: 2LU underperformed the German Market which returned 8.3% over the past year.


Shareholder returns

2LUIndustryMarket
7 Day-1.8%-6.1%-4.7%
30 Day2.6%4.2%-4.0%
90 Day0.7%3.9%-1.4%
1 Year-16.3%-16.3%4.3%2.1%11.7%8.3%
3 Yearn/a41.7%37.1%11.4%1.6%
5 Yearn/a104.3%89.6%15.1%-0.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

3.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2LU's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2LU's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2LU is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 2LU 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 2LU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2LU is overvalued based on its PB Ratio (3.1x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Acconeer forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2LU is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 2LU is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 2LU is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 2LU's revenue (75.5% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: 2LU's revenue (75.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2LU's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Acconeer performed over the past 5 years?

-41.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2LU is currently unprofitable.

Growing Profit Margin: 2LU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2LU is unprofitable, and losses have increased over the past 5 years at a rate of -41.5% per year.

Accelerating Growth: Unable to compare 2LU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2LU is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: 2LU has a negative Return on Equity (-57.03%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Acconeer's financial position?


Financial Position Analysis

Short Term Liabilities: 2LU's short term assets (SEK89.2M) exceed its short term liabilities (SEK10.0M).

Long Term Liabilities: 2LU has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 2LU is debt free.

Reducing Debt: 2LU had no debt 5 years ago.


Balance Sheet

Inventory Level: 2LU has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 2LU's debt is covered by short term assets.


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: 2LU has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 2LU has less than a year of cash runway if free cash flow continues to reduce at historical rates of -32.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 2LU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2LU'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 2LU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2LU'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 2LU'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?

5.1yrs

Average board tenure


CEO

Lars Lindell (56yo)

4.8yrs

Tenure

0

Mr. Lars Lindell serves as the Chief Executive Officer at Acconeer AB. He was the Vice President and General Manager of the interWAVE CDMA product division at interWAVE(R) Communications International. He  ...


Board Members

NamePositionTenureCompensationOwnership
Lars-Erik Wernersson
Co-Founder9.1yrsno data2.89% SEK1.0m
Bengt Adolfsson
Chairman of the Board0.8yrsno datano data
Thomas Rex
Independent Director6.1yrsno data0.60% SEK211.7k
Git Adolfsson
Independent Director5.1yrsno data0.15% SEK51.4k
Johan Paulsson
Director0.8yrsno datano data

5.1yrs

Average Tenure

56yo

Average Age

Experienced Board: 2LU's board of directors are considered experienced (5.1 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Acconeer AB (publ)
  • Ticker: 2LU
  • Exchange: DB
  • Founded: 2011
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: kr373.227m
  • Listing Market Cap: kr35.328m
  • Shares outstanding: 19.24m
  • Website: https://www.acconeer.com

Number of Employees


Location

  • Acconeer AB (publ)
  • Scheelevägen 27
  • Lund
  • Skåne County
  • 223 63
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2LUDB (Deutsche Boerse AG)YesShare CapitalDEEURDec 2017
ACCONOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKDec 2017

Biography

Acconeer AB (publ) develops radar sensors. It offers A1 radar sensor, a high-precision pulsed short-range radar sensor that is delivered as a one chip system in package solution with embedded radio and antenna for detecting various objects at close range with single measurements, as well as continuous sweeps set to any frequency up to 1500 Hz. The company also provides XM122 IoT module, a low power connected radar module with optimized circular form factor; X112, a development kit, which includes a connector board and a radar sensor board for the development of applications; and A1 software development kit that includes radar sensor services, detectors, and application programming interface. Its products are used in robot and drones, mobile and wearables, Internet of Things, power tools and industrial, healthcare and fitness, and automotive applications. The company was founded in 2011 and is based in Lund, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 23:15
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
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.