DB:DR8A

Stock Analysis Report

Executive Summary

Doro AB (publ) develops telecom products and services for seniors.


Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DR8A has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.5%

DR8A

1.3%

DE Tech

2.0%

DE Market


1 Year Return

12.0%

DR8A

17.6%

DE Tech

15.1%

DE Market

Return vs Industry: DR8A underperformed the German Tech industry which returned 21.2% over the past year.

Return vs Market: DR8A underperformed the German Market which returned 15% over the past year.


Shareholder returns

DR8AIndustryMarket
7 Day-9.5%1.3%2.0%
30 Day-12.3%13.0%1.0%
90 Day3.8%19.3%3.8%
1 Year12.0%12.0%18.5%17.6%18.6%15.1%
3 Year-22.5%-23.7%155.1%149.8%16.8%6.6%
5 Year-12.7%-14.1%95.7%73.1%23.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

8.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DR8A (€4.1) is trading below our estimate of fair value (€4.47)

Significantly Below Fair Value: DR8A is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: DR8A is good value based on its PE Ratio (13.1x) compared to the Tech industry average (26.3x).

PE vs Market: DR8A is good value based on its PE Ratio (13.1x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: DR8A is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: DR8A is good value based on its PB Ratio (1.3x) compared to the XE Tech industry average (1.4x).


Next Steps

Future Growth

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

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DR8A's forecast earnings growth (13.7% per year) is above the savings rate (-0.4%).

Earnings vs Market: DR8A's earnings (13.7% per year) are forecast to grow faster than the German market (13.3% per year).

High Growth Earnings: DR8A's earnings are forecast to grow, but not significantly.

Revenue vs Market: DR8A's revenue (2% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: DR8A's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DR8A's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has Doro performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DR8A has high quality earnings.

Growing Profit Margin: DR8A's current net profit margins (3.8%) are lower than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: DR8A's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: DR8A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DR8A had negative earnings growth (-14.9%) over the past year, making it difficult to compare to the Tech industry average (-8.4%).


Return on Equity

High ROE: DR8A's Return on Equity (10%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Doro's financial position?


Financial Position Analysis

Short Term Liabilities: DR8A's short term assets (SEK833.7M) exceed its short term liabilities (SEK549.9M).

Long Term Liabilities: DR8A's short term assets (SEK833.7M) exceed its long term liabilities (SEK345.8M).


Debt to Equity History and Analysis

Debt Level: DR8A's debt to equity ratio (44.2%) is considered high.

Reducing Debt: DR8A's debt to equity ratio has increased from 12.3% to 44.2% over the past 5 years.

Debt Coverage: DR8A's debt is well covered by operating cash flow (70.2%).

Interest Coverage: DR8A's interest payments on its debt are well covered by EBIT (23.3x coverage).


Balance Sheet

Inventory Level: DR8A has a high level of physical assets or inventory.

Debt Coverage by Assets: DR8A's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

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

3.23%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage1.6%forecastin3Years3.2%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate DR8A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DR8A'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 DR8A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DR8A's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DR8A is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DR8A'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?

1.4yrs

Average management tenure


CEO

Carl-Johan Boudrie (41yo)

0.8yrs

Tenure

Mr. Carl-Johan Zetterberg Boudrie has been Chief Executive Officer and President at Doro AB (publ) since May 13, 2019 and its Acting CTIO. Mr. Boudrie serves as a Director of Wealden and Eastbourne Lifelin ...


Leadership Team

NamePositionTenureCompensationOwnership
Carl-Johan Boudrie
President0.8yrsno data0.033% SEK33.7k
Ronnie Ekman
Interim Chief Financial Officer0.8yrsno datano data
Carl-Johan Rijpma
Vice President of Operations3.1yrsno data0.013% SEK12.7k
Annika Ramsing
Vice President of Human Resources2.1yrsno datano data

1.4yrs

Average Tenure

45.5yo

Average Age

Experienced Management: DR8A's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Niklas Savander
Director2.1yrsno data0.29% SEK288.4k
Henri Österlund
Vice Chairman3.3yrsno data0.029% SEK29.0k
Josephine Salenstedt
Director2.1yrsno datano data
Lennart Jacobsen
Chairman of the Board1.1yrsno datano data
Mona Sahlberg
Employee Representative Director2.1yrsno data0.00042% SEK423.3
Towa Jexmark
Director1.1yrsno datano data

2.1yrs

Average Tenure

50.5yo

Average Age

Experienced Board: DR8A's board of directors are not considered experienced ( 2.1 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Doro AB (publ)
  • Ticker: DR8A
  • Exchange: DB
  • Founded: 1974
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: kr1.059b
  • Listing Market Cap: kr100.791m
  • Shares outstanding: 23.77m
  • Website: https://www.doro.com/sv-se

Number of Employees


Location

  • Doro AB (publ)
  • Jörgen Kocksgatan 1B
  • Malmö
  • Skåne County
  • 211 20
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DOROOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKMay 2006
0HW6LSE (London Stock Exchange)YesClass A SharesGBSEKMay 2006
DR8ADB (Deutsche Boerse AG)YesClass A SharesDEEURMay 2006
DOROSBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKMay 2006

Biography

Doro AB (publ) develops telecom products and services for seniors. It offers easy-to-use mobile phones and smart phones, mobile applications, and fixed line telephony services. The company also provides social care services and telecare services, such as security alarms, alarm reception, and support services for seniors and disabled people. Doro AB (publ) sells its products in approximately 40 countries primarily through a network of telecom operators, specialists, and retailers to end-customers. The company was founded in 1974 and is headquartered in Malmö, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 21:42
End of Day Share Price2020/02/17 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.