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Doro

DB:DR8A
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DR8A
DB
SEK870M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Doro AB (publ) develops telecom products and services for seniors. The last earnings update was 18 days ago. More info.


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DR8A Share Price and Events
7 Day Returns
-2%
DB:DR8A
0.1%
DE Tech
1.5%
DE Market
1 Year Returns
-21.7%
DB:DR8A
-0.1%
DE Tech
-6.2%
DE Market
DR8A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Doro (DR8A) -2% -1.6% -6.8% -21.7% -57.4% -26%
DE Tech 0.1% 3.2% 13.4% -0.1% 68.2% 106.8%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • DR8A underperformed the Tech industry which returned -0.1% over the past year.
  • DR8A underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
DR8A
Industry
5yr Volatility vs Market

DR8A Value

 Is Doro undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Doro to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Doro.

DB:DR8A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DR8A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 22%) (27.59%))
1.18
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.18 * 5.96%)
7.26%

Discounted Cash Flow Calculation for DB:DR8A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Doro is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:DR8A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.26%)
2019 106.00 Analyst x2 98.82
2020 136.00 Analyst x2 118.21
2021 145.50 Analyst x2 117.90
2022 148.25 Est @ 1.89% 111.99
2023 150.31 Est @ 1.39% 105.86
2024 151.87 Est @ 1.04% 99.72
2025 153.08 Est @ 0.8% 93.71
2026 154.04 Est @ 0.63% 87.91
2027 154.82 Est @ 0.51% 82.37
2028 155.48 Est @ 0.42% 77.12
Present value of next 10 years cash flows SEK993.60
DB:DR8A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK155.48 × (1 + 0.23%) ÷ (7.26% – 0.23%)
SEK2,215.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK2,215.04 ÷ (1 + 7.26%)10
SEK1,098.69
DB:DR8A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK993.60 + SEK1,098.69
SEK2,092.29
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK2,092.29 / 23.77
SEK88.04
DB:DR8A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DR8A represents 0.09303x of OM:DORO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09303x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 88.04 x 0.09303
€8.19
Value per share (EUR) From above. €8.19
Current discount Discount to share price of €3.41
= -1 x (€3.41 - €8.19) / €8.19
58.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Doro is available for.
Intrinsic value
>50%
Share price is €3.41 vs Future cash flow value of €8.19
Current Discount Checks
For Doro to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Doro's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Doro's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Doro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Doro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DR8A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK3.86
OM:DORO Share Price ** OM (2019-04-23) in SEK SEK36.6
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Doro.

DB:DR8A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:DORO Share Price ÷ EPS (both in SEK)

= 36.6 ÷ 3.86

9.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Doro is good value based on earnings compared to the Europe Tech industry average.
  • Doro is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Doro's expected growth come at a high price?
Raw Data
DB:DR8A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
7.3%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:DR8A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.47x ÷ 7.3%

1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Doro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Doro's assets?
Raw Data
DB:DR8A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK28.77
OM:DORO Share Price * OM (2019-04-23) in SEK SEK36.6
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:DR8A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:DORO Share Price ÷ Book Value per Share (both in SEK)

= 36.6 ÷ 28.77

1.27x

* Primary Listing of Doro.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Doro is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Doro's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Doro has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DR8A Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Doro expected to grow at an attractive rate?
  • Doro's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Doro's earnings growth is positive but not above the Germany market average.
  • Doro's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DR8A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DR8A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 7.3%
DB:DR8A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.7%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DR8A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DR8A Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,040 1
2021-12-31 2,001 224 111 3
2020-12-31 1,956 217 104 3
2019-12-31 1,929 204 91 3
DB:DR8A Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 1,906 222 92
2018-09-30 1,933 197 88
2018-06-30 1,890 165 78
2018-03-31 1,911 132 72
2017-12-31 1,924 120 67
2017-09-30 1,967 131 55
2017-06-30 1,976 143 52
2017-03-31 2,010 136 38
2016-12-31 1,974 62 31
2016-09-30 1,996 44 62
2016-06-30 1,968 40 71
2016-03-31 1,914 98 91

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Doro's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Doro's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DR8A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Doro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DR8A Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 4.54 4.87 4.29 3.00
2020-12-31 4.29 4.44 4.14 3.00
2019-12-31 3.76 4.05 3.39 3.00
DB:DR8A Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 3.86
2018-09-30 3.73
2018-06-30 3.26
2018-03-31 3.05
2017-12-31 2.83
2017-09-30 2.37
2017-06-30 2.25
2017-03-31 1.64
2016-12-31 1.33
2016-09-30 2.67
2016-06-30 3.07
2016-03-31 3.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Doro is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Doro's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Doro has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DR8A Past Performance

  How has Doro performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Doro's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Doro's year on year earnings growth rate has been positive over the past 5 years.
  • Doro's 1-year earnings growth exceeds its 5-year average (37.6% vs 8.1%)
  • Doro's earnings growth has exceeded the Europe Tech industry average in the past year (37.6% vs 12.3%).
Earnings and Revenue History
Doro's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Doro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DR8A Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,906.40 91.50 412.70 104.80
2018-09-30 1,932.80 88.40 637.30 0.70
2018-06-30 1,889.60 77.60 628.60 -1.60
2018-03-31 1,911.40 72.10 622.20 -3.20
2017-12-31 1,924.00 66.50 394.00 103.00
2017-09-30 1,967.00 55.40 917.70 74.80
2017-06-30 1,975.90 52.30 825.40 50.90
2017-03-31 2,009.90 38.20 728.60 26.20
2016-12-31 1,973.70 31.00 636.00
2016-09-30 1,995.90 62.00 520.10
2016-06-30 1,968.20 71.40 520.10
2016-03-31 1,914.00 91.30 520.10
2015-12-31 1,838.00 63.80 520.10
2015-09-30 1,648.10 43.80 397.90
2015-06-30 1,533.60 46.20 397.90
2015-03-31 1,383.00 34.50 397.90
2014-12-31 1,274.80 58.20 397.90
2014-09-30 1,212.30 62.00 318.90
2014-06-30 1,159.70 52.60 318.90
2014-03-31 1,157.50 55.20 318.90
2013-12-31 1,134.50 60.60 318.90
2013-09-30 1,045.10 53.10 246.10
2013-06-30 976.50 63.70 246.10
2013-03-31 860.00 57.80 246.10
2012-12-31 821.50 52.90 246.10
2012-09-30 793.60 53.40 234.30
2012-06-30 764.70 53.50 234.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Doro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Doro used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Doro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Doro's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Doro has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DR8A Health

 How is Doro's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Doro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Doro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Doro's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Doro's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Doro Company Filings, last reported 3 months ago.

DB:DR8A Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 683.70 240.00 134.20
2018-09-30 665.90 281.70 98.80
2018-06-30 643.00 284.70 90.70
2018-03-31 601.70 62.80 28.90
2017-12-31 583.70 162.40 57.10
2017-09-30 557.00 164.80 64.40
2017-06-30 540.80 164.70 57.80
2017-03-31 530.90 149.80 35.70
2016-12-31 520.00 234.50 61.00
2016-09-30 511.20 192.00 22.90
2016-06-30 496.00 239.40 33.70
2016-03-31 485.80 218.40 50.60
2015-12-31 482.00 194.60 43.90
2015-09-30 448.90 0.00 42.60
2015-06-30 420.70 0.00 54.10
2015-03-31 408.50 0.00 52.20
2014-12-31 334.80 41.70 78.20
2014-09-30 315.90 0.00 96.40
2014-06-30 288.20 0.00 89.10
2014-03-31 292.20 0.00 70.20
2013-12-31 287.00 45.20 123.90
2013-09-30 258.20 0.00 67.80
2013-06-30 203.40 0.00 111.20
2013-03-31 217.10 0.00 145.30
2012-12-31 209.00 1.60 141.10
2012-09-30 190.20 0.00 114.00
2012-06-30 166.00 2.00 107.10
  • Doro's level of debt (35.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.6% vs 35.1% today).
  • Debt is well covered by operating cash flow (92.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 27.8x coverage).
X
Financial health checks
We assess Doro's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Doro has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DR8A Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Doro dividends. Estimated to be 3.6% next year.
If you bought €2,000 of Doro shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Doro's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Doro's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DR8A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DR8A Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.44 3.00
2020-12-31 1.37 3.00
2019-12-31 1.14 3.00
DB:DR8A Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.000 0.000
2018-10-19 0.000 0.000
2018-07-13 0.000 0.000
2018-04-27 0.000 0.000
2018-04-06 0.000 0.000
2017-04-05 1.000 2.079
2017-02-17 1.000 1.824
2016-02-17 0.000 0.000
2015-11-04 0.000 0.000
2015-08-21 0.000 0.000
2015-04-27 0.000 0.000
2015-04-10 0.000 0.000
2015-04-02 0.000 0.000
2014-04-11 1.500 4.251
2013-04-16 1.250 3.017
2013-02-13 1.250 4.441
2012-02-27 1.000 3.924
2012-02-15 1.000 3.328
2011-03-02 0.500 1.836
2011-02-14 0.500 1.559

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Doro has not reported any payouts.
  • Unable to verify if Doro's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Doro's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Doro has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Doro's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Doro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Doro has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DR8A Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Puskaric
COMPENSATION SEK4,883,946
AGE 49
TENURE AS CEO 2.2 years
CEO Bio

Mr. Robert Puskaric has been the Chief Executive Officer and President at Doro AB (publ) since February 01, 2017. Mr. Puskaric has 20 years of international experience from the telecom industry. Mr. Puskaric served as a Senior Vice President of Strategic Projects at Telefonaktiebolaget LM Ericsson (publ) since May 7, 2014. In this position, he has among other things developed Ericsson's Internet of Things Strategy. Mr. Puskaric served as Head of Business Unit Modems at Telefonaktiebolaget LM Ericsson (publ) from May 7, 2014 to September 2015. Mr. Puskaric served as Head of Region Northern Europe & Central Asia of Telefonaktiebolaget LM Ericsson (publ) from October 2009 to May 6, 2014. Mr. Puskaric served as Head of Swedish Telecommunications Holding, Russia since October 2009. He served as Head of Ericsson Operations, Eastern Europe & Central Asia of Telefonaktiebolaget LM Ericsson (publ) since 2009. He served at Telefonaktiebolaget LM Ericsson since 1996 and held many managerial positions, both in Sweden and abroad, in which he among other things have showed great ability to build and develop new strategies and businesses. Mr. Puskaric served as Deputy Chief Executive Officer and Executive Vice President of ST-Ericsson NV.

CEO Compensation
  • Insufficient data for Robert to compare compensation growth.
  • Robert's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Doro management team in years:

1.5
Average Tenure
46
Average Age
  • The average tenure for the Doro management team is less than 2 years, this suggests a new team.
Management Team

Robert Puskaric

TITLE
President & CEO
COMPENSATION
SEK5M
AGE
49
TENURE
2.2 yrs

Carl-Johan Boudrie

TITLE
CFO & Secretary
AGE
40
TENURE
1.5 yrs

Carl-Johan Rijpma

TITLE
Vice President of Operations
AGE
43
TENURE
2.3 yrs

Johan Frogner

TITLE
Chief Technology & Information Officer
AGE
56
TENURE
0.5 yrs

Annika Ramsing

TITLE
Vice President of Human Resources
AGE
46
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Doro board of directors in years:

2.5
Average Tenure
52
Average Age
  • The average tenure for the Doro board of directors is less than 3 years, this suggests a new board.
Board of Directors

Johan Andsjö

TITLE
Chairman of the Board
COMPENSATION
SEK105K
AGE
46
TENURE
2.5 yrs

Henri Österlund

TITLE
Vice chairman
AGE
47
TENURE
2.5 yrs

Jonas Mårtensson

TITLE
Director
AGE
55
TENURE
12.3 yrs

Lena Hofsberger

TITLE
Director
AGE
64
TENURE
4 yrs

Niklas Savander

TITLE
Director
AGE
56
TENURE
1.3 yrs

Josephine Salenstedt

TITLE
Director
AGE
34
TENURE
1.3 yrs

Mona Kristensson

TITLE
Employee Representative Director
AGE
52
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Dec 18 Sell Thomas Bergdahl Individual 20. Dec 18 20. Dec 18 -9,425 €3.28 €-30,886
30. Nov 18 Sell Thomas Bergdahl Individual 30. Nov 18 30. Nov 18 -3,075 €3.40 €-10,470
21. Oct 18 Sell Thomas Bergdahl Individual 19. Oct 18 19. Oct 18 -11,210 €4.21 €-47,225
31. Jul 18 Buy Carl-Johan Rijpma Individual 31. Jul 18 31. Jul 18 500 €4.17 €2,086
X
Management checks
We assess Doro's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Doro has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DR8A News

Simply Wall St News

DR8A Company Info

Description

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 safety alarms, alarm reception, and support services primarily 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 Lund, Sweden.

Details
Name: Doro AB (publ)
DR8A
Exchange: DB
Founded: 1974
SEK82,799,404
23,765,538
Website: http://www.doro.com/sv-se
Address: Doro AB (publ)
Magistratsvägen 10,
Lund,
Skåne County, 226 43,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM DORO Class A Shares OMX Nordic Exchange Stockholm SE SEK 09. May 2006
DB DR8A Class A Shares Deutsche Boerse AG DE EUR 09. May 2006
LSE 0HW6 Class A Shares London Stock Exchange GB SEK 09. May 2006
BATS-CHIXE DOROS Class A Shares BATS 'Chi-X Europe' GB SEK 09. May 2006
Number of employees
Current staff
Staff numbers
685
Doro employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:37
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/04/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.