Matas
Market Cap
ø2.0b
Last Updated
2019/11/16 21:41 UTC
Data Sources
Company Financials +
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
| MATAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.8% | 0.2% | 1.1% |
| 30 Day | 1.0% | -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
2 days ago | Simply Wall St
Are Investors Undervaluing Matas A/S (CPH:MATAS) By 46%?2 weeks ago | Simply Wall St
Matas A/S Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now3 weeks ago | Simply Wall St
Why We’re Not Impressed By Matas A/S’s (CPH:MATAS) 6.6% ROCEValuation
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
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MATAS | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Ordinary Shares | DK | DKK | Jun 2013 |
| 1MTA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2013 |
| 0QFA | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | DKK | Jun 2013 |
| MATASC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | DKK | Jun 2013 |
| MAAS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 21:41 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.