Market Cap
ø2.1b
Last Updated
2019/08/24 20:50 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Solar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.9%
CPSE:SOLAR B
0.8%
DK Trade Distributors
0.9%
DK Market
1 Year Return
-29.5%
CPSE:SOLAR B
-21.2%
DK Trade Distributors
3.9%
DK Market
SOLAR B underperformed the Trade Distributors industry which returned -21.2% over the past year.
SOLAR B underperformed the Market in Denmark which returned 3.9% over the past year.
Share holder returns
| SOLAR B | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | 0.8% | 0.9% |
| 30 Day | -8.0% | -7.6% | 1.2% |
| 90 Day | -11.3% | -11.4% | 3.7% |
| 1 Year | -26.4%-29.5% | -18.7%-21.2% | 7.0%3.9% |
| 3 Year | -15.9%-23.7% | -10.6%-16.6% | 31.3%20.5% |
| 5 Year | -5.1%-18.3% | 10.6%-0.8% | 68.8%44.1% |
Price Volatility Vs. Market
How volatile is Solar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Solar undervalued based on future cash flows and its price relative to the stock market?
44%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Solar's share price is below the future cash flow value, and at a moderate discount (> 20%).
Solar's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Solar is overvalued based on earnings compared to the DK Trade Distributors industry average.
Solar is overvalued based on earnings compared to the Denmark market.
Price Based on Expected Growth
Solar is good value based on expected growth next year.
Price Based on Value of Assets
Solar is overvalued based on assets compared to the DK Trade Distributors industry average.
Next Steps
Future Growth
How is Solar expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
32.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Solar's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Solar's earnings are expected to grow significantly at over 20% yearly.
Solar's revenue growth is positive but not above the Denmark market average.
Solar's earnings growth is expected to exceed the Denmark market average.
Solar's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Earnings per Share Growth Estimates
Future Return on Equity
Solar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Solar performed over the past 5 years?
25.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Solar has delivered over 20% year on year earnings growth in the past 5 years.
Solar's 1-year earnings growth is less than its 5-year average (3.5% vs 25.2%)
Solar's earnings growth has not exceeded the DK Trade Distributors industry average in the past year (3.5% vs 13.6%).
Return on Equity
Solar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Solar used its assets less efficiently than the DK Trade Distributors industry average last year based on Return on Assets.
Return on Capital Employed
Solar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Solar's financial position?
Financial Position Analysis
Solar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Solar's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Solar's level of debt (59.6%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (39.2% vs 59.6% today).
Debt is not well covered by operating cash flow (16%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 3.7x debt.
Next Steps
Dividend
What is Solar's current dividend yield, its reliability and sustainability?
6.77%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Solar's pays a higher dividend yield than the bottom 25% of dividend payers in Denmark (1.7%).
Solar's dividend is below the markets top 25% of dividend payers in Denmark (5%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.2x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
Next Steps
Management
What is the CEO of Solar's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Jens Andersen (51yo)
1.8yrs
Tenure
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 ...
CEO Compensation Analysis
Jens's remuneration is lower than average for companies of similar size in Denmark.
Insufficient data for Jens to compare compensation growth.
Management Age and Tenure
2.7yrs
Average Tenure
53yo
Average Age
The tenure for the Solar management team is about average.
Board Age and Tenure
4.1yrs
Average Tenure
51yo
Average Age
The tenure for the Solar board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Lars Goth (58yo)
Senior Vice President of Supply Chain
- Tenure: 0.0yrs
Michael Jeppesen (53yo)
CFO & Member of Executive Board
- Tenure: 8.6yrs
Dariusz Targosz (50yo)
Senior VP & MD of Poland
- Tenure: 0.0yrs
Hugo Dorph (54yo)
Chief Commercial Officer & Member of Executive Board
- Tenure: 0.0yrs
Jan Fjellvær (58yo)
Senior VP & MD of Norway
- Tenure: 0.0yrs
Ole Sørensen (48yo)
Senior Vice President of Industry Sales
- Tenure: 1.9yrs
Jens Andersen (51yo)
CEO, MD of Denmark & Member of Executive Board
- Tenure: 1.8yrs
Charlotte Kræfting
Director of Stakeholder Relations
- Tenure: 0.0yrs
Anders Koppel (50yo)
Senior VP & MD of Sweden
- Tenure: 0.0yrs
Bauke Zeinstra (53yo)
Senior VP & MD of MAG45
- Tenure: 3.5yrs
Board Members
Jens Borum (66yo)
Chairman
- Tenure: 0.0yrs
Bent Frisk (58yo)
Director
- Tenure: 13.6yrs
Jens Toft (65yo)
Independent Director
- Tenure: 10.6yrs
Lars Andersen (51yo)
Employee-Elected Member
- Tenure: 9.6yrs
Morten Chrone (53yo)
Independent Director
- Tenure: 0.4yrs
Peter Bang (50yo)
Independent Director
- Tenure: 1.6yrs
Jesper Jensen (51yo)
Vice Chairman
- Tenure: 0.4yrs
Ulrik Damgaard (46yo)
Employee-Elected Member
- Tenure: 5.6yrs
Sophie Knauer (36yo)
Independent Director
- Tenure: 2.6yrs
Company Information
Solar A/S's company bio, 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
- Market Cap: ø2.087b
- Shares outstanding: 7.30m
- Website: https://www.solar.eu
Number of Employees
Location
- Solar A/S
- Industrivej Vest 43
- Vejen
- 6600
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SOLAR B | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Class B Shares DKK 100 | DK | DKK | Jan 1992 |
| ZVR | DB (Deutsche Boerse AG) | Yes | Class B Shares DKK 100 | DE | EUR | Jan 1992 |
| 0G33 | LSE (London Stock Exchange) | Yes | Class B Shares DKK 100 | GB | DKK | Jan 1992 |
| SOLABC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares DKK 100 | GB | DKK | Jan 1992 |
Biography
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 of ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/24 20:50 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.