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Investeringsselskabet Luxor

CPSE:LUXOR B
Snowflake Description

Solid track record unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LUXOR B
CPSE
DKK414M
Market Cap
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Last updated 2019/06/17 20:35
Company description

Investeringsselskabet Luxor A/S is a principal investment firm. The last earnings update was 21 days ago. More info.

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  • Investeringsselskabet Luxor is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
LUXOR B Share Price and Events
7 Day Returns
3%
CPSE:LUXOR B
-3%
Europe Mortgage
1.6%
DK Market
1 Year Returns
-0.5%
CPSE:LUXOR B
-12.8%
Europe Mortgage
1.8%
DK Market
LUXOR B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Investeringsselskabet Luxor (LUXOR B) 3% -1.4% -8.8% -0.5% 31% 66.3%
Europe Mortgage -3% -7.5% -4.2% -12.8% 18% 9.6%
DK Market 1.6% 2.2% -0.3% 1.8% 17.4% 35.1%
1 Year Return vs Industry and Market
  • LUXOR B outperformed the Mortgage industry which returned -12.8% over the past year.
  • LUXOR B underperformed the Market in Denmark which returned 1.8% over the past year.
Price Volatility
LUXOR B
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Investeringsselskabet Luxor 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 Investeringsselskabet Luxor 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 Investeringsselskabet Luxor.

CPSE:LUXOR B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= DKK350.59 * 6.3% 		DKK22.12
Book Value of Equity per Share Median Book Value from the past 5 years. DKK350.59
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year DK 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 CPSE:LUXOR B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DK Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.899 (1 + (1- 22%) (127%)) 		1.529
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.21% + (1.529 * 5.96%) 		9.32%

Discounted Cash Flow Calculation for CPSE:LUXOR B using Excess Returns Model Model

The calculations below outline how an intrinsic value for Investeringsselskabet Luxor is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

CPSE:LUXOR B Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 9.32%) * DKK350.59) 		DKK-10.57
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= DKK-10.57 / (9.32% - 0.21%) 		DKK-115.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= DKK350.59 + DKK-115.98 		DKK234.61
CPSE:LUXOR B Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK234.61
Current discount Discount to share price of DKK414.00
= -1 x (DKK414.00 - DKK234.61) / DKK234.61 		-76.5%

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

  • The current share price of Investeringsselskabet Luxor is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Investeringsselskabet Luxor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Investeringsselskabet Luxor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:LUXOR B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in DKK DKK22.54
CPSE:LUXOR B Share Price ** CPSE (2019-06-17) in DKK DKK414
Europe Mortgage Industry PE Ratio Median Figure of 16 Publicly-Listed Mortgage Companies 9.1x
Denmark Market PE Ratio Median Figure of 103 Publicly-Listed Companies 16.09x

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

** Primary Listing of Investeringsselskabet Luxor.

CPSE:LUXOR B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:LUXOR B Share Price ÷ EPS (both in DKK)

= 414 ÷ 22.54

 18.37x

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

  • Investeringsselskabet Luxor is overvalued based on earnings compared to the Europe Mortgage industry average.
  • Investeringsselskabet Luxor is overvalued based on earnings compared to the Denmark market.
Price based on expected Growth
Does Investeringsselskabet Luxor's expected growth come at a high price?
Raw Data
CPSE:LUXOR B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 Not available
Europe Mortgage Industry PEG Ratio Median Figure of 6 Publicly-Listed Mortgage Companies 0.83x
Denmark Market PEG Ratio Median Figure of 44 Publicly-Listed Companies 2.16x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Investeringsselskabet Luxor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Investeringsselskabet Luxor's assets?
Raw Data
CPSE:LUXOR B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in DKK DKK337.12
CPSE:LUXOR B Share Price * CPSE (2019-06-17) in DKK DKK414
Europe Mortgage Industry PB Ratio Median Figure of 18 Publicly-Listed Mortgage Companies 0.68x
Denmark Market PB Ratio Median Figure of 136 Publicly-Listed Companies 1.61x
CPSE:LUXOR B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:LUXOR B Share Price ÷ Book Value per Share (both in DKK)

= 414 ÷ 337.12

 1.23x

* Primary Listing of Investeringsselskabet Luxor.

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

  • Investeringsselskabet Luxor is overvalued based on assets compared to the Europe Mortgage industry average.
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Value checks
We assess Investeringsselskabet Luxor'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 Mortgage 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 Mortgage industry average (and greater than 0)? (1 check)
    5. Investeringsselskabet Luxor has a total score of 0/6, 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.

Future Performance

 How is Investeringsselskabet Luxor expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Investeringsselskabet Luxor 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
9.1%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Investeringsselskabet Luxor expected to grow at an attractive rate?
  • Unable to compare Investeringsselskabet Luxor's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Investeringsselskabet Luxor's earnings growth to the Denmark market average as no estimate data is available.
  • Unable to compare Investeringsselskabet Luxor's revenue growth to the Denmark market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CPSE:LUXOR B Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 7%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6.4%

*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
CPSE:LUXOR B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:LUXOR B Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
CPSE:LUXOR B Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-03-31 77 32 23
2018-12-31 78 29 25
2018-09-30 74 25 23
2018-06-30 70 28 16
2018-03-31 61 23 10
2017-12-31 61 34 13
2017-09-30 62 36 21
2017-06-30 79 34 25
2017-03-31 92 37 43
2016-12-31 94 28 39
2016-09-30 74 33 22
2016-06-30 56 32 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Investeringsselskabet Luxor is high growth as no earnings estimate data is available.
  • Unable to determine if Investeringsselskabet Luxor is high growth as no revenue estimate data is available.
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
CPSE:LUXOR B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Investeringsselskabet Luxor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:LUXOR B Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
CPSE:LUXOR B Past Financials Data
Date (Data in DKK Millions) EPS *
2019-03-31 22.54
2018-12-31 25.10
2018-09-30 23.30
2018-06-30 15.72
2018-03-31 9.95
2017-12-31 13.18
2017-09-30 20.90
2017-06-30 24.51
2017-03-31 43.63
2016-12-31 39.48
2016-09-30 22.06
2016-06-30 2.09

*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.
  • Unable to establish if Investeringsselskabet Luxor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Investeringsselskabet Luxor's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Investeringsselskabet Luxor's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Investeringsselskabet Luxor's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Investeringsselskabet Luxor'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.
Investeringsselskabet Luxor has a total score of 0/6, 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.

Past Performance

  How has Investeringsselskabet Luxor 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 Investeringsselskabet Luxor's growth in the last year to its industry (Mortgage).
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.
  • Investeringsselskabet Luxor has delivered over 20% year on year earnings growth in the past 5 years.
  • Investeringsselskabet Luxor's 1-year earnings growth exceeds its 5-year average (125.6% vs 27.2%)
  • Investeringsselskabet Luxor's earnings growth has exceeded the Europe Mortgage industry average in the past year (125.6% vs 8.5%).
Earnings and Revenue History
Investeringsselskabet Luxor'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 Investeringsselskabet Luxor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:LUXOR B Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 77.40 22.56 16.84
2018-12-31 78.36 25.08 16.39
2018-09-30 74.12 23.32 16.25
2018-06-30 70.47 15.72 17.49
2018-03-31 60.97 10.00 15.20
2017-12-31 60.55 13.16 14.50
2017-09-30 61.67 20.90 13.95
2017-06-30 79.47 24.51 14.32
2017-03-31 91.78 43.38 14.56
2016-12-31 94.17 39.49 14.91
2016-09-30 74.49 22.06 15.49
2016-06-30 55.59 2.09 14.49
2016-03-31 61.09 -7.90 14.71
2015-12-31 28.92 -5.49 14.45
2015-09-30 47.91 -8.49 13.65
2015-06-30 40.54 1.20 14.02
2015-03-31 33.48 2.08 13.75
2014-12-31 60.78 -2.77 13.61
2014-09-30 60.07 11.15 13.41
2014-06-30 65.24 20.52 12.52
2014-03-31 49.96 11.60 12.29
2013-12-31 40.81 11.96 12.19
2013-09-30 44.33 10.33 12.14
2013-06-30 49.27 10.29 12.00
2013-03-31 41.47 7.11 12.06
2012-12-31 52.40 13.03 12.40
2012-09-30 43.99 1.07 12.89
2012-06-30 10.62 -39.52 13.90

*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.
  • Investeringsselskabet Luxor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Investeringsselskabet Luxor used its assets more efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Investeringsselskabet Luxor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Mortgage industry
X
Past performance checks
We assess Investeringsselskabet Luxor'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 Mortgage 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.
Investeringsselskabet Luxor has a total score of 5/6, 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.

Health

 How is Investeringsselskabet Luxor's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Investeringsselskabet Luxor'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.
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 Investeringsselskabet Luxor Company Filings, last reported 2 months ago.

CPSE:LUXOR B Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 337.12 525.79 9.37
2018-12-31 357.62 506.69 11.42
2018-09-30 353.57 500.06 10.54
2018-06-30 342.56 510.13 8.68
2018-03-31 337.56 522.02 7.96
2017-12-31 354.54 499.98 5.87
2017-09-30 352.25 480.22 2.85
2017-06-30 348.85 430.23 2.42
2017-03-31 349.56 448.97 8.47
2016-12-31 366.38 439.88 7.18
2016-09-30 356.35 490.04 1.64
2016-06-30 349.34 530.78 15.81
2016-03-31 331.18 532.33 2.86
2015-12-31 346.89 548.75 3.66
2015-09-30 354.29 540.14 8.85
2015-06-30 367.24 548.39 13.80
2015-03-31 359.08 533.50 1.86
2014-12-31 402.38 468.43 4.45
2014-09-30 412.78 452.51 1.39
2014-06-30 416.04 434.86 3.58
2014-03-31 407.00 403.68 4.03
2013-12-31 411.15 356.54 11.50
2013-09-30 407.63 364.88 3.46
2013-06-30 401.53 328.91 10.15
2013-03-31 401.39 321.19 19.79
2012-12-31 399.19 345.50 25.03
2012-09-30 397.30 371.41 14.74
2012-06-30 391.24 389.53 8.90
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Investeringsselskabet Luxor has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Investeringsselskabet Luxor's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Investeringsselskabet Luxor reports no customer deposits, loans are made up entirely of borrowed funds.
  • Investeringsselskabet Luxor's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Investeringsselskabet Luxor has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Investeringsselskabet Luxor has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Investeringsselskabet Luxor'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. Investeringsselskabet Luxor has a total score of 1/6, 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.

Dividends

 What is Investeringsselskabet Luxor'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
5.56%
Current annual income from Investeringsselskabet Luxor dividends.
If you bought DKK2,000 of Investeringsselskabet Luxor shares you are expected to receive DKK111 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?
  • Investeringsselskabet Luxor's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.65%).
  • Investeringsselskabet Luxor's dividend is above the markets top 25% of dividend payers in Denmark (4.77%).
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
CPSE:LUXOR B 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 0 Analyst Estimates (S&P Global) See Below
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.4%
Denmark Minimum Threshold Dividend Yield 10th Percentile 1%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.6%
Denmark Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

CPSE:LUXOR B Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
CPSE:LUXOR B Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2018-12-13 23.000 5.083
2017-12-21 22.000 5.118
2016-12-19 25.000 6.213
2015-12-22 20.000 6.082
2014-12-18 50.000 15.702
2013-12-20 6.000 2.401
2009-08-20 0.000 0.000

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

  • Investeringsselskabet Luxor has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Investeringsselskabet Luxor only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Investeringsselskabet Luxor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Investeringsselskabet Luxor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Investeringsselskabet Luxor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Investeringsselskabet Luxor has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Investeringsselskabet Luxor'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
Jannik Larsen
COMPENSATION DKK0
AGE 49
TENURE AS CEO 3 years
CEO Bio

Mr. Jannik Rolf Larsen has been Chief Executive Officer and Member of Executive Board at Investeringsselskabet Luxor A/S since June 1, 2016 and June 1, 2015 respectively and also served as its Manager.

CEO Compensation
  • Insufficient data for Jannik to compare compensation growth.
  • Jannik's remuneration is lower than average for companies of similar size in Denmark.
Management Team

Jannik Larsen

TITLE
CEO & Member of Executive Board
AGE
49
TENURE
3 yrs
Board of Directors

Casper Moltke

TITLE
Chairman
COMPENSATION
DKK290K
AGE
75

Steffen Heegaard

TITLE
Director
COMPENSATION
DKK160K
AGE
59

Michael Lyng

TITLE
Director
COMPENSATION
DKK160K
AGE
49
TENURE
6.4 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 (DKK) Value (DKK)
X
Management checks
We assess Investeringsselskabet Luxor'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. Investeringsselskabet Luxor 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.

News

Simply Wall St News

Company Info

Description

Investeringsselskabet Luxor A/S is a principal investment firm. It seeks to invest in mortgages deeds, corporate bonds, and rental properties. It offers mortgages on single-family houses, freehold flats, holiday houses, disused farms, residential and business properties, farms, rental properties, trade and industry, and other properties; invests primarily in foreign corporate with senior status; and provides property for rent, including offices, shops, and production/warehouses. Investeringsselskabet Luxor A/S was founded in 1973 and is based in Copenhagen, Denmark.

Details
Name: Investeringsselskabet Luxor A/S
LUXOR B
Exchange: CPSE
Founded: 1973
DKK414,000,000
1,000,000
Website: http://www.luxor.dk
Address: Investeringsselskabet Luxor A/S
Frederiksborggade 50,
Fourth Floor,
Copenhagen,
Capital Region of Denmark, 1360,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE LUXOR B Class B Shares OMX Nordic Exchange Copenhagen DK DKK 27. Apr 1995
BATS-CHIXE LUXOBC Class B Shares BATS 'Chi-X Europe' GB DKK 27. Apr 1995
Number of employees
Current staff
Staff numbers
13
Investeringsselskabet Luxor employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 20:35
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2018/12/13
Last earnings filing: 2019/05/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.

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