CPSE:MATAS

Stock Analysis Report

Executive Summary

Matas A/S, together with its subsidiaries, operates a chain of retail stores that offers beauty, personal care, and health products in Denmark.

Snowflake

Fundamentals

Undervalued average dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MATAS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.8%

MATAS

0.2%

DK Specialty Retail

1.1%

DK Market


1 Year Return

-20.6%

MATAS

10.7%

DK Specialty Retail

21.2%

DK Market

Return vs Industry: MATAS underperformed the Danish Specialty Retail industry which returned 10.7% over the past year.

Return vs Market: MATAS underperformed the Danish Market which returned 21.2% over the past year.


Shareholder returns

MATASIndustryMarket
7 Day-2.8%0.2%1.1%
30 Day1.0%-2.3%7.0%
90 Day-20.6%9.0%7.2%
1 Year-17.2%-20.6%14.3%10.7%24.9%21.2%
3 Year-37.2%-49.5%-6.0%-17.1%60.3%46.9%
5 Year-48.3%-62.1%10.6%-8.3%80.1%54.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

45.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MATAS (DKK51.3) is trading below our estimate of fair value (DKK94.79)

Significantly Below Fair Value: MATAS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MATAS is good value based on its PE Ratio (8.6x) compared to the Specialty Retail industry average (14.6x).

PE vs Market: MATAS is good value based on its PE Ratio (8.6x) compared to the Danish market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: MATAS is poor value based on its PEG Ratio (9.6x)


Price to Book Ratio

PB vs Industry: MATAS is good value based on its PB Ratio (0.7x) compared to the XE Specialty Retail industry average (1.4x).


Next Steps

Future Growth

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

0.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MATAS's forecast earnings growth (0.9% per year) is above the savings rate (0.2%).

Earnings vs Market: MATAS's earnings (0.9% per year) are forecast to grow slower than the Danish market (12.3% per year).

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

Revenue vs Market: MATAS's revenue (1.8% per year) is forecast to grow slower than the Danish market (7% per year).

High Growth Revenue: MATAS's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MATAS's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Matas performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MATAS has high quality earnings.

Growing Profit Margin: MATAS's current net profit margins (6.3%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: MATAS's earnings have declined by -6.3% per year over the past 5 years.

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

Earnings vs Industry: MATAS had negative earnings growth (-16.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (2.3%).


Return on Equity

High ROE: MATAS's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Matas's financial position?


Financial Position Analysis

Short Term Liabilities: MATAS's short term assets (DKK1.1B) do not cover its short term liabilities (DKK1.2B)

Long Term Liabilities: MATAS's short term assets (1.1B) do not cover its long term liabilities (2.7B)


Debt to Equity History and Analysis

Debt Level: MATAS's debt to equity ratio (67.5%) is considered high

Reducing Debt: MATAS's debt to equity ratio has reduced from 78.2% to 67.5% over the past 5 years.

Debt Coverage: MATAS's debt is well covered by operating cash flow (27.6%).

Interest Coverage: MATAS's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: MATAS's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

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

5.85%

Current Dividend Yield


Dividend Yield vs Market

company5.8%marketbottom25%1.6%markettop25%5.1%industryaverage3.4%forecastin3Years4.7%

Current dividend yield vs market & industry

Notable Dividend: MATAS's dividend (5.85%) is higher than the bottom 25% of dividend payers in the Danish market (1.6%).

High Dividend: MATAS's dividend (5.85%) is in the top 25% of dividend payers in the Danish market (5.11%)


Stability and Growth of Payments

Stable Dividend: MATAS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MATAS has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), MATAS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MATAS's dividends in 3 years are forecast to be well covered by earnings (35.8% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Gregers Wedell-Wedellsborg (47yo)

2yrs

Tenure

ø9,000,000

Compensation

Mr. Gregers Christian Wedell-Wedellsborg has been the Chief Executive Officer of MATAS A/S since November 1, 2017. Mr. Wedell-Wedellsborg serves as President and Chief Executive Officer of Coop Danmark A/S ...


CEO Compensation Analysis

Compensation vs Market: Gregers's total compensation ($USD1.33M) is above average for companies of similar size in the Danish market ($USD665.00K).

Compensation vs Earnings: Gregers's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: MATAS's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

53yo

Average Age

Experienced Board: MATAS's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

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.


Management Team

  • Klaus Fridorf

    Head of Communication

    • Tenure: 0yrs
  • Anders Skole-Sørensen (57yo)

    Chief Financial Officer

    • Tenure: 12.3yrs
    • Compensation: ø4.50m
  • Anne Hamann (54yo)

    Director of Marketing

    • Tenure: 0yrs
  • Henrik Michaelsen (64yo)

    Director of Human Resources

    • Tenure: 0yrs
  • Thomas Grane

    CIO & Head of IT

    • Tenure: 0yrs
  • Gregers Wedell-Wedellsborg (47yo)

    Chief Executive Officer

    • Tenure: 2yrs
    • Compensation: ø9.00m
  • Elisabeth Klintholm

    Head of Investor Relations & Corporate Affairs

    • Tenure: 2.3yrs

Board Members

  • Lars Frederiksen (61yo)

    Independent Chairman of the Board

    • Tenure: 6.4yrs
    • Compensation: ø800.00k
  • Lars Frederiksen (50yo)

    Deputy Chairman of the Board

    • Tenure: 12.7yrs
    • Compensation: ø300.00k
  • Birgitte Nielsen (56yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: ø300.00k
  • Mette Maix (50yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: ø300.00k
  • Christian Mariager (58yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: ø400.00k
  • Signe Hilstrøm (45yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: ø500.00k

Company Information

Matas A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Matas A/S
  • Ticker: MATAS
  • Exchange: CPSE
  • Founded: 1949
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: ø1.959b
  • Shares outstanding: 38.19m
  • Website: https://www.matas.dk

Number of Employees


Location

  • Matas A/S
  • Rørmosevej 1
  • Allerød
  • Capital Region of Denmark
  • 3450
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MATASCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKJun 2013
1MTADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2013
0QFALSE (London Stock Exchange)YesOrdinary SharesGBDKKJun 2013
MATASCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKJun 2013
MAAS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2013

Biography

Matas A/S, together with its subsidiaries, operates a chain of retail stores that offers beauty, personal care, and health products in Denmark. It offers beauty and personal care products, including cosmet ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 21:41
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.