New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (68% net debt to equity). Share price has been volatile over the past 3 months (8.1% average weekly change). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Hege Skryseth was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Hege Skryseth was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 13
Tomra Systems ASA Proposes Dividend for the Financial Year 2025, Payable on from 19 May 2026 The Board of Directors of Tomra Systems ASA proposed an ordinary dividend of NOK 2.15 per share for 2025, corresponding to a payout ratio of 58% of EPS, which is the same as the dividend for 2024. Last day including right: 23 April 2026; Ex-date: 24 April 2026;Record date: 27 April 2026; Payment date: from 19 May 2026; Date of approval: 23 April 2026. Announcement • Nov 17
Tomra Systems ASA, Annual General Meeting, Apr 23, 2026 Tomra Systems ASA, Annual General Meeting, Apr 23, 2026. Announcement • Sep 23
Tomra Systems ASA (OB:TOM) entered into an agreement to acquire C&C Consolidated Holdings, LLC for $60 million. Tomra Systems ASA (OB:TOM) entered into an agreement to acquire C&C Consolidated Holdings, LLC for $60 million on September 22, 2025. TOMRA will pay a consideration of $45 million for the shares. An additional consideration of up to $15 million will be contingent on performance milestones up until the end of 2027 as part of an earn-out structure. The purchase price represents an expected 2027 EV/EBITA multiple below 10x. The acquisition will be financed on a debt basis. The expected completion of the transaction is before the end of the third quarter 2025. Announcement • Sep 04
Tomra Systems ASA Announces Executive Changes Tomra Systems ASA announced Lars Enge has been appointed the new EVP of TOMRA Recycling. Lars started his position as EVP of Group Strategy in March 2022 and has been a vital part of the leadership since joining. During the past three years he has successfully established TOMRA Horizon - a portfolio of new ventures within TOMRA including TOMRA Feedstock and Reuse as well as the acquisition of c-trace. Lars will step into the role with effective September 3, 2025 . Katrin Fricke, the current EVP of TOMRA Recycling, will pursue new opportunities outside of TOMRA. Board Change • Aug 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Hege Skryseth was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 06
Tomra Systems ASA (OB:TOM) acquired remaining 20% stake in Tomra Collection Pty. Ltd. for AUD 94 million. Tomra Systems ASA (OB:TOM) acquired remaining 20% stake in Tomra Collection Pty. Ltd. for AUD 94 million on August 5, 2025. A cash consideration of AUD 94 million will be paid by Tomra Systems ASA. As part of consideration, AUD 94 million is paid towards common equity of Tomra Collection Pty. Ltd.
Tomra Systems ASA (OB:TOM) completed the acquisition of the remaining 20% stake in Tomra Collection Pty. Ltd. on August 5, 2025. Announcement • Mar 25
Tomra Systems ASA(OB:TOM) dropped from Oslo OBX Total Return Index Tomra Systems ASA removed from Oslo OBX Total Return Index Board Change • Mar 06
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Hege Skryseth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 14
Tomra Systems ASA Proposes Dividend for the Financial Year 2024, Payable on 20 May 2025 The board of directors of TOMRA Systems ASA proposes a dividend of NOK 2.15 per share, based on the company's financial statements for the financial year 2024, to the General Meeting. Ex-date is 7 May 2025. Record date is 8 May 2025. Payment date is from 20 May 2025. Date of approval is 6 May 2025. Board Change • Jan 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Hege Skryseth was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Dec 16
Tomra Systems ASA, Annual General Meeting, May 06, 2025 Tomra Systems ASA, Annual General Meeting, May 06, 2025. Recent Insider Transactions • Nov 07
Chairperson recently bought kr473k worth of stock On the 4th of November, Johan Hjertonsson bought around 3k shares on-market at roughly kr158 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Announcement • Oct 25
Tomra Systems ASA (OB:TOM) acquired 80% stake in C-Trace GmbH. Tomra Systems ASA (OB:TOM) acquired 80% stake in C-Trace GmbH on October 24, 2024. TOMRA will initially acquire 80% of the shares in c-trace, with an option for the remaining 20%, which are held by the founders, after 2 years. The acquisition is expected to be immediately accretive and generate strong capital returns to TOMRA – supporting the targets set out at TOMRA’s Capital Markets Day.
C-Trace GmbH ’s revenues in the last twelve months amounted to €21 million.
Tomra Systems ASA (OB:TOM) completed the acquisition of 80% stake in C-Trace GmbH on October 24, 2024. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: €0.07 (vs €0.053 in 3Q 2023) Third quarter 2024 results: EPS: €0.07 (up from €0.053 in 3Q 2023). Revenue: €326.0m (up 4.9% from 3Q 2023). Net income: €20.0m (up 27% from 3Q 2023). Profit margin: 6.1% (up from 5.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Sep 23
Tomra Systems ASA(OB:TOM) dropped from FTSE All-World Index (USD) Tomra Systems ASA(OB:TOM) dropped from FTSE All-World Index (USD) Buy Or Sell Opportunity • Sep 21
Now 20% undervalued Over the last 90 days, the stock has risen 14% to kr156. The fair value is estimated to be kr196, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 209% in the next 2 years. Buy Or Sell Opportunity • Sep 06
Now 24% undervalued Over the last 90 days, the stock has risen 7.2% to kr151. The fair value is estimated to be kr198, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 207% in the next 2 years. Recent Insider Transactions • Aug 07
Director recently bought kr674k worth of stock On the 30th of July, Erik Osmundsen bought around 4k shares on-market at roughly kr168 per share. This transaction increased Erik's direct individual holding by 20x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 22
Second quarter 2024 earnings released: EPS: €0.08 (vs €0.09 in 2Q 2023) Second quarter 2024 results: EPS: €0.08 (down from €0.09 in 2Q 2023). Revenue: €333.0m (flat on 2Q 2023). Net income: €23.0m (down 15% from 2Q 2023). Profit margin: 6.9% (down from 8.1% in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • May 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to kr143. The fair value is estimated to be kr118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 166% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.05 (vs kr0.42 in 1Q 2023) First quarter 2024 results: EPS: kr0.05 (down from kr0.42 in 1Q 2023). Revenue: kr3.32b (up 2.6% from 1Q 2023). Net income: kr15.0m (down 88% from 1Q 2023). Profit margin: 0.5% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Upcoming Dividend • Apr 19
Upcoming dividend of kr1.95 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 10 May 2024. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (2.2%). Board Change • Mar 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Bjorn Matre was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: kr2.36 (vs kr3.49 in FY 2022) Full year 2023 results: EPS: kr2.36 (down from kr3.49 in FY 2022). Revenue: kr14.8b (up 21% from FY 2022). Net income: kr697.1m (down 32% from FY 2022). Profit margin: 4.7% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr149, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 17x in the Machinery industry in the United Kingdom. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr104 per share. Declared Dividend • Feb 26
Dividend of kr1.95 announced Shareholders will receive a dividend of kr1.95. Ex-date: 26th April 2024 Payment date: 10th May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 110% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: kr2.36 (vs kr3.49 in FY 2022) Full year 2023 results: EPS: kr2.36 (down from kr3.49 in FY 2022). Revenue: kr14.8b (up 21% from FY 2022). Net income: kr697.0m (down 32% from FY 2022). Profit margin: 4.7% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Tomra Systems ASA Proposes Cash Dividend for the Financial Year 2023, Payable from 10 May 2024 The Board of Directors of TOMRA Systems ASA proposed to the General Meeting a dividend of NOK 1.95 per share on the basis of the company's financial statements for the financial year 2023. Ex-date: 26 April 2024. Record date: 29 April 2024. Payment date: From 10 May 2024. Date of approval: 25 April 2024. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to kr130, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 13x in the Machinery industry in the United Kingdom. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr73.45 per share. Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: kr0.60 (vs kr0.97 in 3Q 2022) Third quarter 2023 results: EPS: kr0.60 (down from kr0.97 in 3Q 2022). Revenue: kr3.52b (up 11% from 3Q 2022). Net income: kr214.0m (down 33% from 3Q 2022). Profit margin: 6.1% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Oct 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to kr85.46, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Machinery industry in the United Kingdom. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr100 per share. Recent Insider Transactions • Sep 25
President & CEO recently bought kr269k worth of stock On the 18th of September, Tove Andersen bought around 2k shares on-market at roughly kr134 per share. This transaction amounted to 6.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Tove's only on-market trade for the last 12 months. Announcement • Sep 20
Tomra Systems ASA Announces Appointment of Marius Fraurud as New EVP Head of Collection Tomra Systems ASA announced appointment of Marius Fraurud as new EVP Head of Collection. Marius has held various leadership roles within Collection since joining the company in 2016 as Head of Research and Development, where he played an instrumental role in the development of TOMRA's multi-feed technology for reverse vending machines (RVMs). Most recently, Marius has been SVP Head of Europe, Middle East & Africa (EMEA) in Collection with focus on commercially expanding and preparing new markets for deposit return systems (DRS). Marius holds a master's degree in Electronic Engineering from the Norwegian University of Science and Technology and has previous experience from Alcatel, Ericsson, Aker Solutions Subsea, and the startup Axxessit. Announcement • Sep 19
Tomra Appoints Marius Fraurud as New EVP Head of Collection, 1 October 2023 Tomra announced Marius Fraurud has been appointed the new EVP Head of Collection. Marius has held various leadership roles within Collection since joining the company in 2016 as Head of Research and Development, where he played an instrumental role in the development of TOMRA's multi-feed technology for reverse vending machines (RVMs). Most recently, Marius has been SVP Head of Europe, Middle East & Africa (EMEA) in Collection with focus on commercially expanding and preparing new markets for deposit return systems (DRS). Marius holds a master's degree in Electronic Engineering from the Norwegian University of Science and Technology and has previous experience from Alcatel, Ericsson, Aker Solutions Subsea, and the startup Axxessit. Marius will begin in his new role on 1 October 2023. Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr1.04 (vs kr0.78 in 2Q 2022) Second quarter 2023 results: EPS: kr1.04 (up from kr0.78 in 2Q 2022). Revenue: kr3.88b (up 27% from 2Q 2022). Net income: kr305.9m (up 11% from 2Q 2022). Profit margin: 7.9% (down from 9.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 05
Tomra Systems ASA Announces Executive Changes Tomra Systems ASA announced that Harald Henriksen has been appointed EVP, Head of TOMRA Food as Michel Picandet is stepping down from the position with immediate effect. Harald has served as EVP, Head of TOMRA Collection since 2016, and has held various roles within the TOMRA Collection division since joining TOMRA in 2004. Thomas Risøy Johansen, Head of Strategy & Business Development TOMRA Collection, will serve as the interim Head of TOMRA Collection. Recruitment of the new EVP, Head of TOMRA Collection will commence immediately. Board Change • May 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Bjorn Matre was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: kr0.42 (vs kr0.48 in 1Q 2022) First quarter 2023 results: EPS: kr0.42 (down from kr0.48 in 1Q 2022). Revenue: kr3.24b (up 30% from 1Q 2022). Net income: kr123.6m (down 13% from 1Q 2022). Profit margin: 3.8% (down from 5.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 21
Upcoming dividend of kr1.80 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: kr3.48 (vs kr3.70 in FY 2021) Full year 2022 results: EPS: kr3.48 (down from kr3.70 in FY 2021). Revenue: kr12.2b (up 12% from FY 2021). Net income: kr1.03b (down 5.7% from FY 2021). Profit margin: 8.4% (down from 10.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 30
Independent Director recently sold kr1.5m worth of stock On the 24th of November, Bjorn Matre sold around 8k shares on-market at roughly kr190 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr146k more than they bought in the last 12 months. Buying Opportunity • Nov 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be kr203, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 53% in the next 2 years. Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: kr0.97 (vs kr1.12 in 3Q 2021) Third quarter 2022 results: EPS: kr0.97 (down from kr1.12 in 3Q 2021). Revenue: kr3.16b (up 9.5% from 3Q 2021). Net income: kr319.8m (down 13% from 3Q 2021). Profit margin: 10% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 88% share price gain to kr348, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 26x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 243% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr246 per share. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 55% share price gain to kr348, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 28x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr217 per share. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 57% share price gain to kr348, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 26x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 185% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr219 per share. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 54% share price gain to kr348, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 27x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr201 per share. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 70% share price gain to kr348, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr229 per share. Recent Insider Transactions • Jul 17
Independent Director recently bought kr131k worth of stock On the 15th of July, Bodil Gallon bought around 682 shares on-market at roughly kr192 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.2m. Despite this recent purchase, insiders have collectively sold kr3.7m more in shares than they bought in the last 12 months. Reported Earnings • Jul 16
Second quarter 2022 earnings released: EPS: kr0.80 (vs kr0.90 in 2Q 2021) Second quarter 2022 results: EPS: kr0.80 (down from kr0.90 in 2Q 2021). Revenue: kr3.05b (up 14% from 2Q 2021). Net income: kr238.1m (down 27% from 2Q 2021). Profit margin: 7.8% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 73% share price gain to kr348, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 159% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr278 per share. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 111% share price gain to kr348, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr293 per share. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 91% share price gain to kr348, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 155% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr289 per share. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 96% share price gain to kr348, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 18x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr289 per share. Recent Insider Transactions • May 17
Chairperson recently bought kr1.2m worth of stock On the 16th of May, Johan Hjertonsson bought around 4k shares on-market at roughly kr352 per share. This was the largest purchase by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr358, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 21x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr314 per share. Upcoming Dividend • Apr 22
Upcoming dividend of kr6.00 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr7.39 (up from kr5.25 in FY 2020). Revenue: kr10.9b (up 9.7% from FY 2020). Net income: kr1.09b (up 41% from FY 2020). Profit margin: 10.0% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.4%, compared to a 9.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 26
President & CEO recently bought kr1.0m worth of stock On the 25th of October, Tove Andersen bought around 2k shares on-market at roughly kr509 per share. In the last 3 months, they made an even bigger purchase worth kr1.0m. Tove has been a buyer over the last 12 months, purchasing a net total of kr2.0m worth in shares. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS kr2.25 (vs kr1.96 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: kr2.88b (up 12% from 3Q 2020). Net income: kr366.7m (up 16% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 31
Insider recently sold kr7.1m worth of stock On the 25th of August, Harald Henriksen sold around 14k shares on-market at roughly kr510 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr14m more than they bought in the last 12 months. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr1.91 (vs kr1.37 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr2.69b (up 16% from 2Q 2020). Net income: kr282.3m (up 40% from 2Q 2020). Profit margin: 11% (up from 8.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • May 27
Independent Director recently bought kr138k worth of stock On the 25th of May, Hege Skryseth bought around 337 shares on-market at roughly kr409 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.7m. Despite this recent purchase, insiders have collectively sold kr7.5m more in shares than they bought in the last 12 months. Recent Insider Transactions • May 12
Independent Director recently bought kr116k worth of stock On the 11th of May, Bodil Gallon bought around 300 shares on-market at roughly kr386 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.7m. Despite this recent purchase, insiders have collectively sold kr7.4m more in shares than they bought in the last 12 months. Upcoming Dividend • Apr 28
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 05 May 2021. Payment date: 07 May 2021. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.5%). Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS kr0.76 (vs kr0.20 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: kr2.29b (flat on 1Q 2020). Net income: kr112.1m (up kr141.1m from 1Q 2020). Profit margin: 4.9% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr9.94b (up 6.4% from FY 2019). Net income: kr775.1m (down 5.8% from FY 2019). Profit margin: 7.8% (down from 8.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS kr5.25 (vs kr5.57 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: kr9.94b (up 6.4% from FY 2019). Net income: kr775.1m (down 5.8% from FY 2019). Profit margin: 7.8% (down from 8.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.4%, compared to a 4.2% growth forecast for the Commercial Services industry in the United Kingdom. Is New 90 Day High Low • Dec 31
New 90-day high: kr422 The company is up 7.0% from its price of kr394 on 02 October 2020. The British market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr158 per share. Recent Insider Transactions • Nov 29
Deputy CEO & CFO recently sold kr9.5m worth of stock On the 27th of November, Espen Gundersen sold around 25k shares on-market at roughly kr383 per share. This was the largest sale by an insider in the last 3 months. This was Espen's only on-market trade for the last 12 months. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of kr753.5m, down 4.5% from the prior year. Total revenue was kr9.77b over the last 12 months, up 5.7% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 24
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 2.2% at kr2.58b. Revenue is forecast to grow 6.6% over the next year, compared to a 1.4% growth forecast for the Commercial Services industry in the United Kingdom.