| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
SOLAR B Stock Overview
Solar A/S operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in the Danish, Swedish, Norwegian, and Dutch markets.
Solar Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr.700.00 |
| 52 Week High | kr.826.00 |
| 52 Week Low | kr.374.00 |
| Beta | 1.2 |
| 1 Month Change | -5.91% |
| 3 Month Change | -4.11% |
| 1 Year Change | 69.70% |
| 3 Year Change | 146.05% |
| 5 Year Change | 87.42% |
| Change since IPO | 538.10% |
Recent News & Updates
Returns On Capital Are A Standout For Solar (CPH:SOLAR B)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Solar (CPH:SOLAR B) Seems To Use Debt Rather Sparingly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Returns On Capital Are A Standout For Solar (CPH:SOLAR B)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Shareholder Returns
| SOLAR B | DK Trade Distributors | DK Market | |
|---|---|---|---|
| 7D | -3.7% | -4.7% | -1.9% |
| 1Y | 69.7% | 65.1% | 8.9% |
Return vs Industry: SOLAR B exceeded the Danish Trade Distributors industry which returned 65.1% over the past year.
Return vs Market: SOLAR B exceeded the Danish Market which returned 8.9% over the past year.
Price Volatility
| SOLAR B volatility | |
|---|---|
| SOLAR B Average Weekly Movement | 4.6% |
| Trade Distributors Industry Average Movement | 5.3% |
| Market Average Movement | 5.2% |
| 10% most volatile stocks in DK Market | 10.4% |
| 10% least volatile stocks in DK Market | 3.0% |
Stable Share Price: SOLAR B is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SOLAR B's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1919 | 2,897 | Jens Andersen | https://www.solar.eu |
Solar A/S operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in the Danish, Swedish, Norwegian, and Dutch markets. The company offers lighting fixtures and luminaries, and various installation materials; switches and sockets, and other products in relation to intelligent building systems; and cables. It also provides communication and security products and solutions, such as video surveillance equipment and accessories, burglar alarms, fire alarms, and access control systems for large installations and urban networks, as well as customized solutions for home switches, UPS, and antenna equipment for telephony.
Solar Fundamentals Summary
| SOLAR B fundamental statistics | |
|---|---|
| Market Cap | kr.5.11b |
| Earnings (TTM) | kr.340.00m |
| Revenue (TTM) | kr.12.03b |
15.0x
P/E Ratio0.4x
P/S RatioIs SOLAR B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOLAR B income statement (TTM) | |
|---|---|
| Revenue | kr.12.03b |
| Cost of Revenue | kr.9.38b |
| Gross Profit | kr.2.66b |
| Expenses | kr.2.32b |
| Earnings | kr.340.00m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 10, 2022
| Earnings per share (EPS) | 46.56 |
| Gross Margin | 22.08% |
| Net Profit Margin | 2.83% |
| Debt/Equity Ratio | 20.5% |
How did SOLAR B perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield60%
Payout RatioValuation
Is Solar undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SOLAR B (DKK702) is trading below our estimate of fair value (DKK1579.41)
Significantly Below Fair Value: SOLAR B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOLAR B is good value based on its PE Ratio (15.1x) compared to the Danish Trade Distributors industry average (15.3x).
PE vs Market: SOLAR B is good value based on its PE Ratio (15.1x) compared to the Danish market (17x).
Price to Earnings Growth Ratio
PEG Ratio: SOLAR B is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: SOLAR B is overvalued based on its PB Ratio (2.9x) compared to the DK Trade Distributors industry average (2.6x).
Future Growth
How is Solar forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
3.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOLAR B's forecast earnings growth (3.6% per year) is above the savings rate (0.1%).
Earnings vs Market: SOLAR B's earnings (3.6% per year) are forecast to grow slower than the Danish market (8.5% per year).
High Growth Earnings: SOLAR B's earnings are forecast to grow, but not significantly.
Revenue vs Market: SOLAR B's revenue (3.1% per year) is forecast to grow slower than the Danish market (6.5% per year).
High Growth Revenue: SOLAR B's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOLAR B's Return on Equity is forecast to be high in 3 years time (29.3%)
Past Performance
How has Solar performed over the past 5 years?
11.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOLAR B has a large one-off loss of DKK108.0M impacting its September 30 2021 financial results.
Growing Profit Margin: SOLAR B's current net profit margins (2.8%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: SOLAR B's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: SOLAR B's earnings growth over the past year (9%) is below its 5-year average (11% per year).
Earnings vs Industry: SOLAR B earnings growth over the past year (9%) underperformed the Trade Distributors industry 50.4%.
Return on Equity
High ROE: SOLAR B's Return on Equity (19.1%) is considered low.
Financial Health
How is Solar's financial position?
Financial Position Analysis
Short Term Liabilities: SOLAR B's short term assets (DKK3.7B) exceed its short term liabilities (DKK2.9B).
Long Term Liabilities: SOLAR B's short term assets (DKK3.7B) exceed its long term liabilities (DKK446.0M).
Debt to Equity History and Analysis
Debt Level: SOLAR B's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: SOLAR B's debt to equity ratio has reduced from 33% to 20.5% over the past 5 years.
Debt Coverage: SOLAR B's debt is well covered by operating cash flow (180%).
Interest Coverage: SOLAR B's interest payments on its debt are well covered by EBIT (23.7x coverage).
Balance Sheet
Dividend
What is Solar current dividend yield, its reliability and sustainability?
4.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOLAR B's dividend (3.99%) is higher than the bottom 25% of dividend payers in the Danish market (1.18%).
High Dividend: SOLAR B's dividend (3.99%) is in the top 25% of dividend payers in the Danish market (3.31%)
Stability and Growth of Payments
Stable Dividend: SOLAR B's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOLAR B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.1%), SOLAR B's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOLAR B's dividends in 3 years are not forecast to be well covered by earnings (116.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Jens Andersen (53 yo)
4.25yrs
Tenure
kr.9,300,000
Compensation
Mr. Jens E. Andersen has been the Chief Executive Officer and Member of Executive Board at Solar A/S since October 8, 2017 and serves as its Managing Director of Denmark. Mr. Andersen served as Senior Vice...
Leadership Team
Experienced Management: SOLAR B's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: SOLAR B's board of directors are considered experienced (5 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
Solar A/S's employee growth, exchange listings and data sources
Key Information
- Name: Solar A/S
- Ticker: SOLAR B
- Exchange: CPSE
- Founded: 1919
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Implied Market Cap: kr.5.112b
- Shares outstanding: 7.30m
- Website: https://www.solar.eu
Number of Employees
Location
- Solar A/S
- Industrivej Vest 43
- Vejen
- Region of Southern Denmark
- 6600
- Denmark
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 21:21 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.