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Pandox

LSE:0R8U
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0R8U
LSE
SEK28B
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

Pandox AB (publ) engages in the ownership, management, operation, and lease of a portfolio of hotel properties. The last earnings update was 22 days ago. More info.


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0R8U Share Price and Events
7 Day Returns
2.8%
LSE:0R8U
3.2%
GB Hospitality
1.3%
GB Market
1 Year Returns
7.9%
LSE:0R8U
-7.7%
GB Hospitality
-5%
GB Market
0R8U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pandox (0R8U) 2.8% -2.6% 5.4% 7.9% 24.9% -
GB Hospitality 3.2% 0.4% -1.6% -7.7% 11.1% 30.9%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • 0R8U outperformed the Hospitality industry which returned -7.7% over the past year.
  • 0R8U outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
0R8U
Industry
5yr Volatility vs Market

Value

 Is Pandox 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 Pandox 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 Pandox.

LSE:0R8U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
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:0R8U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 22%) (114.55%))
1.519
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.519 * 5.96%)
10.28%

Discounted Cash Flow Calculation for LSE:0R8U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pandox is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:0R8U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 10.28%)
2019 1,140.00 Analyst x2 1,033.75
2020 1,336.50 Analyst x2 1,098.99
2021 1,178.00 Analyst x1 878.38
2022 1,167.00 Analyst x1 789.08
2023 1,166.07 Est @ -0.08% 714.97
2024 1,169.72 Est @ 0.31% 650.36
2025 1,176.58 Est @ 0.59% 593.21
2026 1,185.75 Est @ 0.78% 542.12
2027 1,196.57 Est @ 0.91% 496.08
2028 1,208.63 Est @ 1.01% 454.38
Present value of next 10 years cash flows SEK7,251.34
LSE:0R8U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK1,208.63 × (1 + 1.23%) ÷ (10.28% – 1.23%)
SEK13,517.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK13,517.98 ÷ (1 + 10.28%)10
SEK5,082.04
LSE:0R8U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK7,251.34 + SEK5,082.04
SEK12,333.38
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK12,333.38 / 167.50
SEK73.63
LSE:0R8U Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK73.77
Current discount Discount to share price of SEK165.50
= -1 x (SEK165.50 - SEK73.77) / SEK73.77
-124.4%

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

  • The current share price of Pandox is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Pandox's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pandox's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0R8U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK16.57
OM:PNDX B Share Price ** OM (2019-05-17) in SEK SEK165.2
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 17.95x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 790 Publicly-Listed Companies 16.24x

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

** Primary Listing of Pandox.

LSE:0R8U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 165.2 ÷ 16.57

9.97x

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

  • Pandox is good value based on earnings compared to the GB Hospitality industry average.
  • Pandox is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Pandox's expected growth come at a high price?
Raw Data
LSE:0R8U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-3%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.06x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:0R8U PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.97x ÷ -3%

-3.3x

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

  • Pandox 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 Pandox's assets?
Raw Data
LSE:0R8U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK132.20
OM:PNDX B Share Price * OM (2019-05-17) in SEK SEK165.2
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
LSE:0R8U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 165.2 ÷ 132.20

1.25x

* Primary Listing of Pandox.

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

  • Pandox is good value based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess Pandox'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. Pandox has a total score of 3/6, 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 Pandox expected to perform in the next 1 to 3 years based on estimates from 4 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
-3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pandox expected to grow at an attractive rate?
  • Pandox'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
  • Pandox'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.
  • Pandox'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:0R8U Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0R8U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -3%
LSE:0R8U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.4%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
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 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:0R8U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0R8U Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 6,125 2,302 1,978 2
2021-12-31 5,966 1,484 2,066 2
2020-12-31 5,810 2,172 2,102 2
2019-12-31 5,629 1,920 1,751 2
LSE:0R8U Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 5,263 2,075 2,777
2018-12-31 5,124 1,710 2,820
2018-09-30 4,848 1,685 3,232
2018-06-30 4,559 1,877 2,945
2018-03-31 4,326 1,678 3,068
2017-12-31 4,269 1,693 3,140
2017-09-30 4,247 1,306 2,719
2017-06-30 4,235 1,286 2,761
2017-03-31 4,112 1,242 2,349
2016-12-31 3,945 1,195 2,201
2016-09-30 3,769 1,155 2,115
2016-06-30 3,661 1,237 1,951

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pandox's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Pandox's revenue is expected to grow by 3.4% 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:0R8U 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 4 Analyst Estimates (S&P Global) See Below

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

LSE:0R8U Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 11.09 11.09 11.09 1.00
2021-12-31 12.33 15.47 10.47 3.00
2020-12-31 10.41 10.78 10.03 2.00
2019-12-31 10.45 10.94 9.96 2.00
LSE:0R8U Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 16.57
2018-12-31 16.84
2018-09-30 19.55
2018-06-30 18.08
2018-03-31 19.14
2017-12-31 19.89
2017-09-30 17.44
2017-06-30 17.93
2017-03-31 15.44
2016-12-31 14.65
2016-09-30 14.10
2016-06-30 13.01

*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.
  • Pandox is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pandox'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.
Pandox 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 Pandox 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 Pandox'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.
  • Pandox's year on year earnings growth rate has been positive over the past 5 years.
  • Pandox's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pandox's 1-year earnings growth is negative, it can't be compared to the GB Hospitality industry average.
Earnings and Revenue History
Pandox'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 Pandox Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0R8U Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,263.00 2,777.00 157.00
2018-12-31 5,124.00 2,820.00 148.00
2018-09-30 4,848.00 3,232.00 141.00
2018-06-30 4,559.00 2,945.00 137.00
2018-03-31 4,326.00 3,068.00 130.00
2017-12-31 4,269.00 3,140.00 124.00
2017-09-30 4,247.00 2,719.00 122.00
2017-06-30 4,235.00 2,761.00 119.00
2017-03-31 4,112.00 2,349.00 121.00
2016-12-31 3,945.00 2,201.00 117.00
2016-09-30 3,769.00 2,115.00 113.00
2016-06-30 3,661.00 1,951.00 110.00
2016-03-31 3,658.00 2,131.00 97.00
2015-12-31 3,529.00 2,131.00 94.00
2015-09-30 3,432.00 1,575.00 93.00
2015-06-30 3,281.00 1,389.60 90.20
2015-03-31 3,112.00 1,275.60 87.90
2014-12-31 3,076.00 1,253.00 82.00
2013-12-31 2,896.80 947.70 64.00
2012-12-31 2,774.40 496.50 57.20

*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.
  • Pandox has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pandox used its assets more efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • Pandox has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pandox'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.
Pandox has a total score of 3/6, 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 Pandox'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 Pandox's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pandox's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pandox's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pandox'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 0x 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 Pandox Company Filings, last reported 1 month ago.

LSE:0R8U Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 22,305.00 31,698.00 923.00
2018-12-31 21,538.00 28,467.00 674.00
2018-09-30 20,950.00 27,911.00 923.00
2018-06-30 20,347.00 27,969.00 678.00
2018-03-31 20,206.00 27,311.00 708.00
2017-12-31 19,027.00 26,872.00 999.00
2017-09-30 16,586.00 20,609.00 484.00
2017-06-30 16,036.00 19,958.00 344.00
2017-03-31 15,231.00 19,369.00 625.00
2016-12-31 15,258.00 19,567.00 517.00
2016-09-30 13,428.00 16,399.00 500.00
2016-06-30 12,728.00 16,263.00 365.00
2016-03-31 12,722.00 16,040.00 820.00
2015-12-31 12,215.00 16,249.00 170.00
2015-09-30 11,546.00 13,651.00 636.00
2015-06-30 11,084.10 13,538.70 263.20
2015-03-31 10,645.10 13,754.90 377.60
2014-12-31 10,402.00 13,807.00 321.00
2013-12-31 10,428.80 14,574.80 588.60
2012-12-31 9,395.40 15,019.60 938.60
  • Pandox's level of debt (142.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (138% vs 142.1% today).
  • Debt is not well covered by operating cash flow (6.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Pandox'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. Pandox has a total score of 0/6, 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 Pandox'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
2.85%
Current annual income from Pandox dividends. Estimated to be 3.29% next year.
If you bought SEK2,000 of Pandox shares you are expected to receive SEK57 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?
  • Pandox's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • Pandox's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
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:0R8U 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 4 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 32 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 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 5.2%

Industry and Market average data is calculated daily.

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

LSE:0R8U Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 6.20 1.00
2021-12-31 5.67 4.00
2020-12-31 5.37 4.00
2019-12-31 5.10 4.00
LSE:0R8U Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-10 4.700 2.831
2018-04-09 4.400 2.819
2017-03-06 4.100 2.746
2017-02-16 4.100 2.845
2016-03-30 3.800 2.689

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

  • Whilst dividend payments have been stable, Pandox has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Pandox only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Pandox's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Pandox's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 Pandox afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pandox has a total score of 3/6, 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 Pandox'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
Anders Nissen
COMPENSATION SEK7,675,000
AGE 61
TENURE AS CEO 24.3 years
CEO Bio

Mr. Anders Nissen has been Chief Executive Officer of Pandox AB., since 1995 and serves as its President. Mr. Nissen was one of the initiators to form Pandox AB and has been its Managing Director since it was set up in 1995. He has been an Employee of Pandox AB since 1995. Mr. Nissen has a solid background in the hotel sector. Soon he had worked in this sector for 20 years. He has, amongst other things, professional experience from working as hotel director for several hotels in Sweden. Between 1988 and 1992 he held several senior positions in the management team in the hotel operator Reso, including the position of Business Area Manager for the Swedish hotel operations. At the beginning of 1993, Mr. Nissen was appointed Managing Director for Securum Hotel & Turism AB and led the restructuring process of Securum’s interest in the hotel market.

CEO Compensation
  • Insufficient data for Anders to compare compensation growth.
  • Anders'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 Pandox management team in years:

13.3
Average Tenure
52
Average Age
  • The average tenure for the Pandox management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anders Nissen

TITLE
CEO & President
COMPENSATION
SEK8M
AGE
61
TENURE
24.3 yrs

Liia Nõu

TITLE
Senior Executive VP & CFO
AGE
53
TENURE
12.3 yrs

Aldert Schaaphok

TITLE
Senior VP & Director of International Operations
AGE
59
TENURE
15.3 yrs

Anders Berg

TITLE
Senior VP and Director of Communications & IR
AGE
51
TENURE
3.3 yrs

Karmen Bergholcs

TITLE
Senior VP & General Counsel
AGE
48
TENURE
2.5 yrs

Lars Häggström

TITLE
Senior Executive VP of Asset Management & Technical Development
AGE
64
TENURE
19.3 yrs

Louise Ceder

TITLE
Head of Property Support
AGE
48

Pettersson Törner

TITLE
Senior VP of Business Intelligence
AGE
47
TENURE
14.3 yrs

Erik Hvesser

TITLE
Senior VP & Director of Property Management - Nordics
AGE
49
TENURE
13.3 yrs

Martin Creydt

TITLE
Senior VP & Director of Property Management International
AGE
53
TENURE
2.3 yrs
Board of Directors Tenure

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

2.8
Average Tenure
60
Average Age
  • The average tenure for the Pandox board of directors is less than 3 years, this suggests a new board.
Board of Directors

Christian Ringnes

TITLE
Chairman of the Board
COMPENSATION
SEK750K
AGE
64
TENURE
15.3 yrs

Bengt Kjell

TITLE
Deputy Chairman of the Board
COMPENSATION
SEK570K
AGE
64
TENURE
1.1 yrs

Ann-Sofi Danielsson

TITLE
Director
COMPENSATION
SEK530K
AGE
59
TENURE
3.5 yrs

Leiv Askvig

TITLE
Director
COMPENSATION
SEK430K
AGE
61
TENURE
15.3 yrs

Jeanette Kvisvik

TITLE
Director
COMPENSATION
SEK400K
AGE
46
TENURE
2.2 yrs

Jon Aurdal

TITLE
Director
COMPENSATION
SEK310K
AGE
36
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
23. Jul 18 Sell Helge Krogsbøl Individual 16. Jul 18 16. Jul 18 -3,500 SEK164.00 SEK-574,000
13. Jul 18 Sell Jonas Törner Individual 13. Jul 18 13. Jul 18 -4,500 SEK162.15 SEK-729,675
X
Management checks
We assess Pandox'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. Pandox 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

Simply Wall St News

Company Info

Description

Pandox AB (publ) engages in the ownership, management, operation, and lease of a portfolio of hotel properties. It operates through Property Management and Operator Activities segments. As of December 31, 2018, the company’s hotel property portfolio comprised 144 hotel properties with 32,268 hotel rooms in Sweden, Norway, Denmark, Finland, Germany, Belgium, the Netherlands, Austria, Switzerland, England, Scotland, Wales, Northern Ireland, Ireland, and Canada. Pandox AB (publ) was founded in 1995 and is based in Stockholm, Sweden.

Details
Name: Pandox AB (publ)
0R8U
Exchange: LSE
Founded: 1995
SEK27,670,999,834
167,499,999
Website: http://www.pandox.se
Address: Pandox AB (publ)
Vasagatan 11,
9th Floor,
Stockholm,
Stockholm County, 101 20,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM PNDX B Class B Shares OMX Nordic Exchange Stockholm SE SEK 18. Jun 2015
DB POX Class B Shares Deutsche Boerse AG DE EUR 18. Jun 2015
LSE 0R8U Class B Shares London Stock Exchange GB SEK 18. Jun 2015
Number of employees
Current staff
Staff numbers
1,325
Pandox employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 22:34
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.