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SkiStar

LSE:0H34
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0H34
LSE
SEK9B
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

SkiStar AB (publ) owns and operates alpine ski resorts in Sweden, Norway, and Austria. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • SkiStar has significant price volatility in the past 3 months.
0H34 Share Price and Events
7 Day Returns
-50.4%
LSE:0H34
-1.2%
GB Hospitality
-0.7%
GB Market
1 Year Returns
44.6%
LSE:0H34
-10%
GB Hospitality
-11.1%
GB Market
0H34 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SkiStar (0H34) -50.4% 6.8% -2.7% 44.6% 106.3% 184.3%
GB Hospitality -1.2% -0.3% -2.5% -10% 12.3% 20.7%
GB Market -0.7% 1.6% -2.3% -11.1% 15.8% -8.8%
1 Year Return vs Industry and Market
  • 0H34 outperformed the Hospitality industry which returned -10% over the past year.
  • 0H34 outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -11.1% over the past year.
Price Volatility
0H34
Industry
5yr Volatility vs Market

Value

 Is SkiStar undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SkiStar to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SkiStar.

LSE:0H34 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0H34
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.8%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.446 (1 + (1- 22%) (17.94%))
0.508
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 8.77%)
8.25%

Discounted Cash Flow Calculation for LSE:0H34 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SkiStar is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:0H34 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SEK, Millions) 483.00 453.00 469.00 511.46 557.76
Source Analyst x1 Analyst x2 Analyst x2 Est @ 9.05% Est @ 9.05%
Present Value
Discounted (@ 8.25%)
446.21 386.62 369.78 372.54 375.32
Present value of next 5 years cash flows SEK1,950.46
LSE:0H34 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SEK557.76 × (1 + 1.23%) ÷ (8.25% – 1.23%)
SEK8,044.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SEK8,044.60 ÷ (1 + 8.25%)5
SEK5,413.24
LSE:0H34 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SEK1,950.46 + SEK5,413.24
SEK7,363.70
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK7,363.70 / 39.19
SEK189.99
LSE:0H34 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0H34 represents 1.01106x of OM:SKIS B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01106x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 187.91 x 1.01106
SEK189.99
Value per share (SEK) From above. SEK189.99
Current discount Discount to share price of SEK114.25
= -1 x (SEK114.25 - SEK189.99) / SEK189.99
39.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SkiStar is available for.
Intrinsic value
40%
Share price is SEK114.25 vs Future cash flow value of SEK189.99
Current Discount Checks
For SkiStar to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SkiStar's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SkiStar's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SkiStar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SkiStar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0H34 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in SEK SEK6.71
OM:SKIS B Share Price ** OM (2019-01-15) in SEK SEK113
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 37 Publicly-Listed Hospitality Companies 16.65x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 813 Publicly-Listed Companies 15.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SkiStar.

LSE:0H34 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:SKIS B Share Price ÷ EPS (both in SEK)

= 113 ÷ 6.71

16.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SkiStar is overvalued based on earnings compared to the GB Hospitality industry average.
  • SkiStar is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SkiStar's expected growth come at a high price?
Raw Data
LSE:0H34 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-4.1%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 29 Publicly-Listed Hospitality Companies 1.92x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 577 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

LSE:0H34 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.84x ÷ -4.1%

-4.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SkiStar earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SkiStar's assets?
Raw Data
LSE:0H34 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in SEK SEK28.11
OM:SKIS B Share Price * OM (2019-01-15) in SEK SEK113
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 57 Publicly-Listed Hospitality Companies 1.49x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,358 Publicly-Listed Companies 1.48x
LSE:0H34 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:SKIS B Share Price ÷ Book Value per Share (both in SEK)

= 113 ÷ 28.11

4.02x

* Primary Listing of SkiStar.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SkiStar is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess SkiStar's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. SkiStar has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SkiStar expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SkiStar expected to grow at an attractive rate?
  • SkiStar's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • SkiStar's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • SkiStar's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0H34 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0H34 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -4.1%
LSE:0H34 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.8%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0H34 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0H34 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-08-31 2,765 781 479 2
2020-08-31 2,649 757 462 2
2019-08-31 2,728 801 524 1
LSE:0H34 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-11-30 2,586 790 526
2018-08-31 2,536 679 490
2018-05-31 2,442 757 454
2018-02-28 2,435 929 479
2017-11-30 2,335 662 420
2017-08-31 2,306 629 390
2017-05-31 2,332 560 400
2017-02-28 2,152 434 362
2016-11-30 2,026 496 290
2016-08-31 1,991 521 310
2016-05-31 1,957 534 327
2016-02-29 1,956 537 275

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SkiStar's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SkiStar's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0H34 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from SkiStar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0H34 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-08-31 6.23 6.41 6.05 2.00
2020-08-31 6.00 6.01 6.00 2.00
2019-08-31 6.80 6.80 6.80 1.00
LSE:0H34 Past Financials Data
Date (Data in SEK Millions) EPS *
2018-11-30 6.71
2018-08-31 6.25
2018-05-31 5.79
2018-02-28 6.11
2017-11-30 5.35
2017-08-31 4.98
2017-05-31 5.10
2017-02-28 4.62
2016-11-30 3.71
2016-08-31 3.96
2016-05-31 4.18
2016-02-29 3.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SkiStar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SkiStar's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SkiStar has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SkiStar performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SkiStar's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SkiStar has delivered over 20% year on year earnings growth in the past 5 years.
  • SkiStar's 1-year earnings growth exceeds its 5-year average (25.3% vs 24.9%)
  • SkiStar's earnings growth has exceeded the GB Hospitality industry average in the past year (25.3% vs 14.8%).
Earnings and Revenue History
SkiStar's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SkiStar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0H34 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 2,586.10 525.85 1,381.46
2018-08-31 2,535.71 489.55 1,374.98
2018-05-31 2,441.67 453.83 1,355.16
2018-02-28 2,435.41 478.76 1,313.25
2017-11-30 2,334.92 419.60 1,295.80
2017-08-31 2,306.02 390.16 1,279.32
2017-05-31 2,332.09 399.79 1,272.62
2017-02-28 2,152.38 361.71 1,228.59
2016-11-30 2,025.82 290.40 1,188.77
2016-08-31 1,990.56 310.29 1,150.54
2016-05-31 1,956.65 327.23 1,113.29
2016-02-29 1,956.44 274.76 1,121.99
2015-11-30 1,917.15 271.53 1,113.47
2015-08-31 1,899.25 248.59 1,119.33
2015-05-31 1,902.23 244.34 1,126.46
2015-02-28 1,841.50 213.33 1,131.44
2014-11-30 1,751.03 172.34 1,144.77
2014-08-31 1,749.98 162.43 1,137.24
2014-05-31 1,713.01 152.10 1,145.68
2014-02-28 1,697.80 160.92 1,129.33
2013-11-30 1,672.80 144.29 1,109.56
2013-08-31 1,665.29 136.90 1,105.94
2013-05-31 1,654.27 154.26 1,067.27
2013-02-28 1,631.32 171.36 1,048.21
2012-11-30 1,564.24 173.55 1,029.80
2012-08-31 1,551.86 156.55 1,014.17
2012-05-31 1,551.42 133.70 1,013.51
2012-02-29 1,541.24 128.88 1,028.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SkiStar has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SkiStar used its assets more efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • SkiStar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SkiStar's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SkiStar has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SkiStar's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SkiStar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SkiStar's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SkiStar's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SkiStar's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SkiStar Company Filings, last reported 1 month ago.

LSE:0H34 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 2,258.35 1,536.41 42.99
2018-08-31 2,421.09 1,712.53 73.15
2018-05-31 2,524.99 1,526.61 84.25
2018-02-28 2,263.06 1,403.89 108.58
2017-11-30 1,915.10 1,813.73 98.34
2017-08-31 2,090.25 1,804.29 105.51
2017-05-31 2,246.81 1,426.22 88.90
2017-02-28 1,999.89 1,393.47 132.36
2016-11-30 1,692.87 1,695.61 87.11
2016-08-31 1,869.95 1,798.32 92.72
2016-05-31 1,992.05 1,601.36 115.56
2016-02-29 1,692.16 1,426.45 156.70
2015-11-30 1,453.34 1,760.87 18.63
2015-08-31 1,641.39 1,773.97 23.51
2015-05-31 1,784.35 1,652.62 29.37
2015-02-28 1,611.21 1,551.53 78.52
2014-11-30 1,305.22 2,104.37 23.16
2014-08-31 1,537.73 2,107.24 27.36
2014-05-31 1,670.46 1,901.05 24.86
2014-02-28 1,516.85 1,687.56 36.26
2013-11-30 1,258.92 2,103.10 29.96
2013-08-31 1,482.14 2,108.81 26.28
2013-05-31 1,621.80 2,025.70 43.07
2013-02-28 1,471.24 1,907.85 60.57
2012-11-30 1,235.92 2,351.92 32.00
2012-08-31 1,456.53 2,297.85 41.13
2012-05-31 1,582.22 2,166.02 54.08
2012-02-29 1,427.74 1,938.80 42.53
  • SkiStar's level of debt (68%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (166.3% vs 68% today).
  • Debt is well covered by operating cash flow (51.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.5x coverage).
X
Financial health checks
We assess SkiStar's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SkiStar has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.19%
Current annual income from SkiStar dividends. Estimated to be 3.54% next year.
If you bought SEK2,000 of SkiStar shares you are expected to receive SEK124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SkiStar's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • SkiStar's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.38%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0H34 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 708 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0H34 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-08-31 4.25 2.00
2020-08-31 4.00 2.00
2019-08-31 3.75 2.00
LSE:0H34 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2018-12-13 7.000 6.415
2018-10-03 7.000 5.984
2017-11-17 5.500 6.100
2017-10-04 5.500 6.063
2016-10-04 4.500 5.347
2015-11-18 4.000 6.470
2015-10-06 4.000 6.420
2014-10-02 2.500 5.282
2013-11-18 2.500 5.940
2013-10-03 2.500 5.826
2012-11-16 2.500 6.229
2012-10-04 2.500 6.287
2011-11-16 3.500 8.779
2011-09-15 3.500 7.623
2010-11-16 5.500 10.018
2010-10-04 5.500 8.293
2009-10-02 5.000 7.751
2009-01-19 4.500 9.633

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SkiStar's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess SkiStar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SkiStar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SkiStar has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mats Årjes
COMPENSATION SEK0
AGE 51
TENURE AS CEO 17 years
CEO Bio

Mr. Mats Årjes has been the Chief Executive Officer at SkiStar AB (publ) since 2002 Mr. Årjes served at Santaworld AB from 1992 to 1996, Mora Hotell AB from 1996 to 1998 and Skistar AB (publ) since 2002. Mr. Årjes has been a Director of SkiStar AB since 2003 and New Wave Group AB (publ) since 2007. He serves as a Member of the board of Swedbank Dalarna. He served at Swedish Ski Federation from 1998 to 2002. He served as a Director of Bilia AB since April 2005. Mr. Årjes holds an M.Sc.

CEO Compensation
  • Insufficient data for Mats to compare compensation growth.
  • Mats's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the SkiStar management team in years:

14.5
Average Tenure
50
Average Age
  • The average tenure for the SkiStar management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mats Årjes

TITLE
CEO & Director
AGE
51
TENURE
17 yrs

Anders Örnulf

TITLE
Chief Financial Officer
AGE
42

Mathias Lindström

TITLE
Manager of Marketing & Sales
AGE
46
TENURE
12 yrs

Bo Halvardsson

TITLE
Resort Manager of Norway
AGE
63

Åsa Linder

TITLE
Secretary
AGE
50

Niclas Berg

TITLE
Resort Manager of Åre-Vemdalen
AGE
49
TENURE
30 yrs

Jonas Bauer

TITLE
Resort Manager of Sälen
AGE
54

Anders Lundqvist

TITLE
Resort Manager of Vemdalen
AGE
50
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the SkiStar board of directors in years:

4
Average Tenure
53
Average Age
  • The tenure for the SkiStar board of directors is about average.
Board of Directors

Pär Nuder

TITLE
Chairman
COMPENSATION
SEK330K
AGE
55

Mats Årjes

TITLE
CEO & Director
AGE
51
TENURE
16 yrs

Eivor Andersson

TITLE
Director
COMPENSATION
SEK260K
AGE
57
TENURE
8 yrs

Per-Uno Sandberg

TITLE
Director
COMPENSATION
SEK205K
AGE
56
TENURE
17 yrs

Lena Apler

TITLE
Director
COMPENSATION
SEK180K
AGE
67
TENURE
4 yrs

Patrik Svard

TITLE
Employee Representative Director
AGE
48
TENURE
1.8 yrs

Sara Karlsson

TITLE
Director
AGE
49
TENURE
1.1 yrs

Fredrik Paulsson

TITLE
Director
AGE
46
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • SkiStar insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
19. Oct 18 Sell Per-Uno Sandberg Individual 17. Oct 18 17. Oct 18 -4,114 SEK246.10 SEK-1,012,455
05. Oct 18 Sell Anders Lundqvist Individual 04. Oct 18 04. Oct 18 -500 SEK240.50 SEK-120,250
05. Oct 18 Sell Per-Uno Sandberg Individual 03. Oct 18 04. Oct 18 -45,220 SEK245.81 SEK-11,113,999
21. Jun 18 Sell Per-Uno Sandberg Individual 21. Jun 18 21. Jun 18 -100,000 SEK194.00 SEK-19,400,000
X
Management checks
We assess SkiStar's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SkiStar has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Company Info

Map
Description

SkiStar AB (publ) owns and operates alpine ski resorts in Sweden, Norway, and Austria. The company operates through three segments: Ski Resorts – Operation, Infrastructure, and Exploitation. It provides skiing/ski lifts/ski passes, accommodation, ski rental, and property services. The company also operates ski schools and sporting goods stores, as well as restaurants. In addition, it organizes events, as well as engages in advertising sales, kiosks, and Ski Direct card businesses. Further, the company invests in properties, lands, snow parks, lifts and machineries, and companies. It operates a network of 29 ski rental outlets, including 9 in Sälen, 9 in Åre, 6 in Vemdalen, 2 in Hemsedal, and 3 in Trysil; and 2 sporting goods stores in Sälen and Vemdalen, as well as own sports shops in Åre and Hemseda. The company serves customers through agents and call centers, as well as through its Website skistarshop.com. SkiStar AB (publ) is headquartered in Sälen, Sweden.

Details
Name: SkiStar AB (publ)
0H34
Exchange: LSE
Founded:
SEK8,562,584,118
39,188,028
Website: http://www.skistar.com
Address: SkiStar AB (publ)
Sälfjällsgården,
Sälen,
780 67,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SKIS B Class B Shares OMX Nordic Exchange Stockholm SE SEK 08. Jul 1994
LSE 0H34 Class B Shares London Stock Exchange GB SEK 08. Jul 1994
BATS-CHIXE SKISBs Class B Shares BATS 'Chi-X Europe' GB SEK 08. Jul 1994
Number of employees
Current staff
Staff numbers
468
SkiStar employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/17 23:58
End of day share price update: 2019/01/15 00:00
Last estimates confirmation: 2018/12/21
Last earnings filing: 2018/12/20
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.