LSE:0QIG

Stock Analysis Report

Executive Summary

Axactor SE, through its subsidiaries, operates as a debt management company in Sweden, Finland, Germany, Italy, Luxembourg, Norway, and Spain.


Snowflake Analysis

Solid track record with reasonable growth potential.

Share Price & News

How has Axactor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0QIG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.3%

0QIG

0.4%

GB Consumer Finance

-0.5%

GB Market


1 Year Return

n/a

0QIG

-37.3%

GB Consumer Finance

6.0%

GB Market

Return vs Industry: Insufficient data to determine how 0QIG performed against the UK Consumer Finance industry.

Return vs Market: Insufficient data to determine how 0QIG performed against the UK Market.


Shareholder returns

0QIGIndustryMarket
7 Day-5.3%0.4%-0.5%
30 Day-13.3%0.3%-1.8%
90 Day-4.5%8.5%2.4%
1 Yearn/a-34.2%-37.3%11.5%6.0%
3 Year-38.8%-38.8%-53.7%-66.8%18.2%3.5%
5 Yearn/a-53.8%-69.0%34.3%3.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Axactor undervalued compared to its fair value and its price relative to the market?

13.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0QIG (NOK15.82) is trading above our estimate of fair value (NOK0.56)

Significantly Below Fair Value: 0QIG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0QIG is poor value based on its PE Ratio (13.7x) compared to the Consumer Finance industry average (12.4x).

PE vs Market: 0QIG is good value based on its PE Ratio (13.7x) compared to the UK market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: 0QIG is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 0QIG is good value based on its PB Ratio (0.8x) compared to the GB Consumer Finance industry average (1.6x).


Next Steps

Future Growth

How is Axactor forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

33.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0QIG's forecast earnings growth (33.1% per year) is above the savings rate (0.5%).

Earnings vs Market: 0QIG's earnings (33.1% per year) are forecast to grow faster than the UK market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0QIG's revenue (4.9% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: 0QIG's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0QIG's Return on Equity is forecast to be low in 3 years time (9.8%).


Next Steps

Past Performance

How has Axactor performed over the past 5 years?

58.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0QIG has high quality earnings.

Growing Profit Margin: 0QIG's current net profit margins (5.7%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 0QIG has become profitable over the past 5 years, growing earnings by 58.4% per year.

Accelerating Growth: 0QIG's earnings growth over the past year (263.4%) exceeds its 5-year average (58.4% per year).

Earnings vs Industry: 0QIG earnings growth over the past year (263.4%) exceeded the Consumer Finance industry 9.2%.


Return on Equity

High ROE: 0QIG's Return on Equity (5.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Axactor's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 0QIG has a low level of unsold assets or inventory.

Debt Coverage by Assets: 0QIG's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 0QIG is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 0QIG is profitable, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: 0QIG's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 0QIG has a sufficient allowance for bad loans.

Low Risk Liabilities: 0QIG reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 0QIG has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 0QIG has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 0QIG has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.0%industryaverage5.4%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 0QIG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0QIG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 0QIG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0QIG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 0QIG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Endre Rangnes (60yo)

4.3yrs

Tenure

€1,219,000

Compensation

Mr. Endre Rangnes has been the Chief Executive Officer of Axactor AB (publ) (formerly, Nickel Mountain Group AB (publ)) since November 19, 2015. Mr. Rangnes served as Executive at Lock Lower Holding AS. Mr ...


CEO Compensation Analysis

Compensation vs Market: Endre's total compensation ($USD1.32M) is above average for companies of similar size in the UK market ($USD592.05K).

Compensation vs Earnings: Endre's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Endre Rangnes
Chief Executive Officer4.3yrs€1.22m0.47% 12.4m
Johnny Vasili
Chief Financial Officer2yrs€522.00k0.56% 14.7m
Oddgeir Hansen
COO & Acting Country Manager of Norway4.3yrs€414.00k0.31% 8.2m
Vibeke Ly
Head of Group Legal and Compliance1.6yrs€165.00kno data
Siv Farstad
Executive Vice President of Human Resources4.3yrs€267.00k0.15% 4.0m
Robin Knowles
Executive Vice President of Portfolio Acquisitions0yrs€367.00k0.066% 1.7m
Fredrik Kessler
Country Manager of Sweden0yrs€1.25mno data
David Martin
Country Manager of Spain0yrs€569.00kno data
Andres Lopez
Country Manager Spain0yrs€569.00kno data
Stina Koren
Country Manager of Norway0yrs€169.00kno data

4.3yrs

Average Tenure

Experienced Management: 0QIG's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bjørn Næss
Chairman of the Board2.9yrs€115.00k0.054% 1.4m
Brita Eilertsen
Director3.1yrs€64.00k0.0054% 142.9k
Terje Mjøs
Director3.1yrs€58.00k0.0054% 142.9k
Beate Nygårdshaug
Director3.1yrs€57.00kno data
Merete Haugli
Director3.1yrs€59.00kno data
Lars Nilsen
Director1.8yrs€32.00kno data

3.1yrs

Average Tenure

57yo

Average Age

Experienced Board: 0QIG's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Axactor SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axactor SE
  • Ticker: 0QIG
  • Exchange: LSE
  • Founded: 2015
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: kr2.651b
  • Shares outstanding: 185.40m
  • Website: https://www.axactor.com

Number of Employees


Location

  • Axactor SE
  • Drammensveien 167
  • Oslo
  • Oslo
  • 277
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXAOB (Oslo Bors)YesRegistered SharesNONOKNov 1997
2LJDB (Deutsche Boerse AG)YesRegistered SharesDEEURNov 1997
0QIGLSE (London Stock Exchange)YesRegistered SharesGBNOKNov 1997
NCKK.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDNov 1997
AXAOBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBNOKNov 1997

Biography

Axactor SE, through its subsidiaries, operates as a debt management company in Sweden, Finland, Germany, Italy, Luxembourg, Norway, and Spain. The company operates through four segments: Non-performing Loans, Real Estate Assets, Third-Party Collection, and Account Receivables Management. It offers debt collection services, including amicable and legal collection, and debt surveillance; and real estate owned portfolios acquisitions services, as well as debt purchase, acquisition of non-performing loan portfolios, and carve-outs of internal debt collection departments of financial institutions. The company was formerly known as Axactor AB (publ) and changed its name to Axactor SE in August 2018. Axactor SE was founded in 2015 and is headquartered in Oslo, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 21:48
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.