HLSE:SAGCV

Stock Analysis Report

Executive Summary

Saga Furs Oyj operates as a full service auction house in the fur and fashion industries in Finland.

Rewards

Trading at 37.3% below its fair value

Risk Analysis

Earnings have declined by -14.34% per year over past 5 years

Debt is not well covered by operating cash flow

Dividend of 5.1% is not well covered by earnings

Highly volatile share price over past 3 months

+ 2 more risks


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Saga Furs Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.2%

SAGCV

0.08%

FI Commercial Services

-0.5%

FI Market


1 Year Return

15.1%

SAGCV

28.9%

FI Commercial Services

9.2%

FI Market

Return vs Industry: SAGCV underperformed the Finnish Commercial Services industry which returned 22.7% over the past year.

Return vs Market: SAGCV exceeded the Finnish Market which returned 12.5% over the past year.


Shareholder returns

SAGCVIndustryMarket
7 Day-0.2%0.08%-0.5%
30 Day-0.8%7.5%3.2%
90 Day-5.5%29.9%6.6%
1 Year19.7%15.1%33.1%28.9%14.2%9.2%
3 Year-33.1%-41.9%13.8%3.9%32.4%16.4%
5 Year-46.1%-57.1%35.1%14.6%51.2%22.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Saga Furs Oyj undervalued compared to its fair value and its price relative to the market?

36.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAGCV (€9.8) is trading below our estimate of fair value (€15.62)

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


Price To Earnings Ratio

PE vs Industry: SAGCV is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: SAGCV is unprofitable, so we can't compare its PE Ratio to the Finnish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SAGCV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SAGCV is good value based on its PB Ratio (0.4x) compared to the FI Commercial Services industry average (1.8x).


Next Steps

Future Growth

How is Saga Furs Oyj forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Commercial Services industry annual growth in earnings


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 Saga Furs Oyj 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Saga Furs Oyj performed over the past 5 years?

-14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAGCV is currently unprofitable.

Growing Profit Margin: SAGCV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SAGCV is unprofitable, and losses have increased over the past 5 years at a rate of -14.3% per year.

Accelerating Growth: Unable to compare SAGCV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SAGCV is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (6.2%).


Return on Equity

High ROE: SAGCV has a negative Return on Equity (-0.09%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Saga Furs Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: SAGCV's short term assets (€118.8M) exceed its short term liabilities (€81.0M).

Long Term Liabilities: SAGCV's short term assets (€118.8M) exceed its long term liabilities (€1.5M).


Debt to Equity History and Analysis

Debt Level: SAGCV's debt to equity ratio (54.5%) is considered high.

Reducing Debt: SAGCV's debt to equity ratio has reduced from 117.5% to 54.5% over the past 5 years.

Debt Coverage: SAGCV's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: Insufficient data to determine if SAGCV's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: SAGCV has a low level of unsold assets or inventory.

Debt Coverage by Assets: SAGCV's debt is covered by short term assets (assets are 2.5x debt).


Next Steps

Dividend

What is Saga Furs Oyj's current dividend yield, its reliability and sustainability?

5.04%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.1%markettop25%4.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SAGCV's dividend (5.1%) is higher than the bottom 25% of dividend payers in the Finnish market (2.13%).

High Dividend: SAGCV's dividend (5.1%) is in the top 25% of dividend payers in the Finnish market (4.68%)


Stability and Growth of Payments

Stable Dividend: SAGCV's dividend payments have been volatile in the past 10 years.

Growing Dividend: SAGCV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: SAGCV is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

10.3yrs

Average management tenure


CEO

Pertti Fallenius (57yo)

10.3yrs

Tenure

0

Mr. Pertti Fallenius has been Chief Executive Officer of Saga Furs Oyj since September 2009 and has been its Managing Director since 2009. Mr. Fallenius sees legality of Saga Furs Oyj's accounting and the  ...


Management Age and Tenure

10.3yrs

Average Tenure

51yo

Average Age

Experienced Management: SAGCV's management team is seasoned and experienced (10.3 years average tenure).


Board Age and Tenure

6.0yrs

Average Tenure

51.5yo

Average Age

Experienced Board: SAGCV's board of directors are considered experienced (6 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.


Management Team

  • Juha Huttunen (55yo)

    Executive VP of Finance

    • Pertti Fallenius (57yo)

      President

      • Tenure: 10.3yrs
    • Marjatta Paunonen (51yo)

      Director of Human Resources

      • Tenure: 11yrs
    • Mikko Hovén (45yo)

      Sales Director

      • Tenure: 5yrs
    • Stefan Saaristo (45yo)

      Business Director of Finland

      • Julio Christiansen

        Business Director of Other European Markets


        Board Members

        • Rainer Sjöholm (49yo)

          Director

          • Tenure: 12yrs
        • Jorma Kauppila (58yo)

          Chairman of the Board

          • Tenure: 17yrs
        • Hannu Sillanpää (58yo)

          Director

          • Tenure: 9yrs
        • Kenneth Ingman (49yo)

          Vice Chairman of the Board

          • Lasse Joensuu (48yo)

            Director

            • Tenure: 6yrs
          • Anders Kulp (46yo)

            Director

            • Tenure: 4yrs
          • Virve Kuusela (54yo)

            Director

            • Tenure: 4yrs
          • Isto Kärkäinen (59yo)

            Director

            • Tenure: 3yrs

          Company Information

          Saga Furs Oyj's company bio, employee growth, exchange listings and data sources


          Key Information

          • Name: Saga Furs Oyj
          • Ticker: SAGCV
          • Exchange: HLSE
          • Founded: 1938
          • Industry: Diversified Support Services
          • Sector: Commercial Services
          • Market Cap: €35.086m
          • Shares outstanding: 3.54m
          • Website: https://www.sagafurs.com

          Location

          • Saga Furs Oyj
          • Martinkyläntie 48
          • Vantaa
          • Uusimaa
          • Finland

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          SAGCVHLSE (OMX Nordic Exchange Helsinki)YesSeries C SharesFIEURMay 1996
          0GCMLSE (London Stock Exchange)YesSeries C SharesGBEURMay 1996

          Biography

          Saga Furs Oyj operates as a full service auction house in the fur and fashion industries in Finland. The company offers mink, fox, finnraccoon, karakul, and other furs under the Saga Furs brand name. It serves fur breeders and suppliers, clothing manufacturers, and fashion houses. The company was formerly known as Turkistuottajat Oyj and changed its name to Saga Furs Oyj in October 2011. Saga Furs Oyj was founded in 1938 and is based in Vantaa, Finland. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/26 20:46
          End of Day Share Price2020/01/24 00:00
          Earnings2019/04/30
          Annual Earnings2018/10/31


          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.