BATS-CHIXE:ACG1VH

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Executive Summary

Aspocomp Group Oyj manufactures and sells printed circuit boards (PCBs) in Finland, Europe, and internationally. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ACG1VH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

ACG1VH

-3.5%

GB Electronic

-5.1%

GB Market


1 Year Return

-30.7%

ACG1VH

19.4%

GB Electronic

-20.0%

GB Market

Return vs Industry: ACG1VH underperformed the UK Electronic industry which returned 20.9% over the past year.

Return vs Market: ACG1VH underperformed the UK Market which returned -19.3% over the past year.


Shareholder returns

ACG1VHIndustryMarket
7 Day0.5%-3.5%-5.1%
30 Day-6.4%0.5%-4.3%
90 Day4.2%8.1%-4.5%
1 Year-28.0%-30.7%20.4%19.4%-17.0%-20.0%
3 Year95.1%77.9%35.1%29.8%-13.6%-24.3%
5 Yearn/a141.2%124.1%10.2%-14.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Aspocomp Group Oyj undervalued compared to its fair value and its price relative to the market?

0.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACG1VH (€3.95) is trading below our estimate of fair value (€3.97)

Significantly Below Fair Value: ACG1VH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ACG1VH is good value based on its PE Ratio (16.9x) compared to the GB Electronic industry average (27.5x).

PE vs Market: ACG1VH is good value based on its PE Ratio (16.9x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: ACG1VH is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: ACG1VH is good value based on its PB Ratio (1.5x) compared to the GB Electronic industry average (2.3x).


Next Steps

Future Growth

How is Aspocomp Group Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

32.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACG1VH's forecast earnings growth (32.5% per year) is above the savings rate (1.2%).

Earnings vs Market: ACG1VH's earnings (32.5% per year) are forecast to grow faster than the UK market (23.8% per year).

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

Revenue vs Market: ACG1VH's revenue (8.9% per year) is forecast to grow faster than the UK market (5.8% per year).

High Growth Revenue: ACG1VH's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ACG1VH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Aspocomp Group Oyj performed over the past 5 years?

55.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACG1VH has high quality earnings.

Growing Profit Margin: ACG1VH's current net profit margins (5.2%) are lower than last year (14%).


Past Earnings Growth Analysis

Earnings Trend: ACG1VH has become profitable over the past 5 years, growing earnings by 55.1% per year.

Accelerating Growth: ACG1VH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ACG1VH had negative earnings growth (-66.4%) over the past year, making it difficult to compare to the Electronic industry average (-2.1%).


Return on Equity

High ROE: ACG1VH's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is Aspocomp Group Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: ACG1VH's short term assets (€14.1M) exceed its short term liabilities (€5.8M).

Long Term Liabilities: ACG1VH's short term assets (€14.1M) exceed its long term liabilities (€5.2M).


Debt to Equity History and Analysis

Debt Level: ACG1VH's debt to equity ratio (25.1%) is considered satisfactory.

Reducing Debt: ACG1VH's debt to equity ratio has increased from 8.8% to 25.1% over the past 5 years.

Debt Coverage: ACG1VH's debt is well covered by operating cash flow (77.6%).

Interest Coverage: ACG1VH's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Aspocomp Group Oyj current dividend yield, its reliability and sustainability?

3.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ACG1VH's dividend (3.79%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: ACG1VH's dividend (3.79%) is low compared to the top 25% of dividend payers in the UK market (5.36%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ACG1VH has been paying a dividend for less than 10 years.

Growing Dividend: ACG1VH's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.9%), ACG1VH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ACG1VH's dividends in 3 years are forecast to be well covered by earnings (31.6% payout ratio).


Next Steps

Management

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

7.1yrs

Average management tenure


CEO

Mikko Montonen (55 yo)

6.42yrs

Tenure

€414,000

Compensation

Mr. Mikko Montonen, M.Sc. (Tech.) has been the President and Chief Executive Officer and President at Aspocomp Group Oyj since May 15, 2014 and has been its Chairman of Management Team sine 2014. Mr. Monto ...


CEO Compensation Analysis

Compensation vs Market: Mikko's total compensation ($USD482.46K) is above average for companies of similar size in the UK market ($USD349.56K).

Compensation vs Earnings: Mikko's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mikko Montonen
President6.42yrs€414.00k5.7%
€ 1.5m
Jouni Kinnunen
CFO & Member of the Management Team9.08yrsno data0.073%
€ 19.9k
Jari Isoaho
COO & Member of the Management Team9.08yrsno data0.073%
€ 19.8k
Antti Ojala
Deputy CEO7.75yrsno data0.073%
€ 19.8k
Mitri Mattila
Chief Technology Officer2.58yrsno data0.044%
€ 11.9k
Ari Beilinson
VP of Sales & Marketing and Member of the Management Team1.5yrsno datano data

7.1yrs

Average Tenure

56yo

Average Age

Experienced Management: ACG1VH's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Julianna Borsos
Director3.58yrs€19.50k14.69%
€ 4.0m
Kaarina Muurinen
Independent Vice Chairman of the Board5.58yrs€19.50kno data
Paivi Marttila
Independent Chairman of the Board6.5yrs€38.00k0.51%
€ 138.5k
Juha Putkiranta
Independent Director4.5yrs€19.00kno data
Matti Lahdenperä
Independent Director4.5yrs€24.50k3.22%
€ 871.2k

4.5yrs

Average Tenure

62yo

Average Age

Experienced Board: ACG1VH's board of directors are considered experienced (4.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2%.


Top Shareholders

Company Information

Aspocomp Group Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aspocomp Group Oyj
  • Ticker: ACG1VH
  • Exchange: BATS-CHIXE
  • Founded: 1999
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: €27.092m
  • Shares outstanding: 6.84m
  • Website: https://www.aspocomp.com

Number of Employees


Location

  • Aspocomp Group Oyj
  • Keilaranta 1
  • Espoo
  • Uusimaa
  • 2150
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACG1VHLSE (OMX Nordic Exchange Helsinki)YesRegistered SharesFIEUROct 1999
0DG8LSE (London Stock Exchange)YesRegistered SharesGBEUROct 1999
ACG1VHBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEUROct 1999

Biography

Aspocomp Group Oyj manufactures and sells printed circuit boards (PCBs) in Finland, Europe, and internationally. It offers high density interconnection, multilayer and backplane, high frequency, and mixed ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 19:32
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
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.