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ABG

ABG Sundal Collier HoldingOB:ABG Stock Report

Market Cap

kr4.4b

7D

-2.5%

1Y

89.8%

Updated

24 Sep, 2021

Data

Company Financials
ABG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

ABG Overview

ABG Sundal Collier Holding ASA, together with its subsidiaries, provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for ABG Sundal Collier Holding
Historical stock prices
Current Share Pricekr9.49
52 Week Highkr4.83
52 Week Lowkr10.48
Beta1.06
1 Month Change1.72%
3 Month Change-1.66%
1 Year Change89.80%
3 Year Change65.04%
5 Year Change86.44%
Change since IPO312.61%

Recent News & Updates

Apr 28
With EPS Growth And More, ABG Sundal Collier Holding (OB:ABG) Is Interesting

With EPS Growth And More, ABG Sundal Collier Holding (OB:ABG) Is Interesting

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Mar 21
Have Insiders Been Buying ABG Sundal Collier Holding ASA (OB:ABG) Shares?

Have Insiders Been Buying ABG Sundal Collier Holding ASA (OB:ABG) Shares?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Shareholder Returns

ABGNO Capital MarketsNO Market
7D-2.5%-1.6%0.5%
1Y89.8%33.8%25.9%

Return vs Industry: ABG exceeded the Norwegian Capital Markets industry which returned 30.9% over the past year.

Return vs Market: ABG exceeded the Norwegian Market which returned 22.8% over the past year.

Price Volatility

Is ABG's price volatile compared to industry and market?
ABG volatility
ABG Beta1.06
Industry Beta0.99
Market Beta1

Stable Share Price: ABG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ABG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984307Jonas Stromhttps://www.abgsc.com

ABG Sundal Collier Holding ASA, together with its subsidiaries, provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally. It operates through three segments: Corporate Financing, M&A and Advisory, and Brokerage and Research. The company offers corporate financing services, including debt advisory and sourcing services, such as loans, factoring, and leasing; and corporate advisory services in the areas of mergers and acquisitions, sales, and financial restructurings.

ABG Sundal Collier Holding Fundamentals Summary

How do ABG Sundal Collier Holding's earnings and revenue compare to its market cap?
ABG fundamental statistics
Market Capkr4.39b
Earnings (TTM)kr743.86m
Revenue (TTM)kr2.76b

5.9x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ABG income statement (TTM)
Revenuekr2.76b
Cost of Revenuekr0
Gross Profitkr2.76b
Expenseskr2.02b
Earningskr743.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 15, 2021

Earnings per share (EPS)1.60
Gross Margin100.00%
Net Profit Margin26.96%
Debt/Equity Ratio0%

How did ABG perform over the long term?

See historical performance and comparison

Dividends

10.5%

Current Dividend Yield

50%

Payout Ratio

Valuation

Is ABG Sundal Collier Holding undervalued compared to its fair value and its price relative to the market?

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ABG (NOK9.45) is trading below our estimate of fair value (NOK11.45)

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


Price To Earnings Ratio

PE vs Industry: ABG is good value based on its PE Ratio (5.9x) compared to the European Capital Markets industry average (15.2x).

PE vs Market: ABG is good value based on its PE Ratio (5.9x) compared to the Norwegian market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ABG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ABG is overvalued based on its PB Ratio (4.8x) compared to the XE Capital Markets industry average (1.5x).


Future Growth

How is ABG Sundal Collier Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ABG Sundal Collier Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has ABG Sundal Collier Holding performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABG has high quality earnings.

Growing Profit Margin: ABG's current net profit margins (27%) are higher than last year (17.3%).


Past Earnings Growth Analysis

Earnings Trend: ABG's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: ABG's earnings growth over the past year (204.4%) exceeds its 5-year average (21% per year).

Earnings vs Industry: ABG earnings growth over the past year (204.4%) exceeded the Capital Markets industry 38.4%.


Return on Equity

High ROE: ABG's Return on Equity (86.1%) is considered outstanding.


Financial Health

How is ABG Sundal Collier Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ABG's short term assets (NOK7.5B) exceed its short term liabilities (NOK6.9B).

Long Term Liabilities: ABG's short term assets (NOK7.5B) exceed its long term liabilities (NOK237.8M).


Debt to Equity History and Analysis

Debt Level: ABG is debt free.

Reducing Debt: ABG has no debt compared to 5 years ago when its debt to equity ratio was 50.3%.

Debt Coverage: ABG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ABG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is ABG Sundal Collier Holding current dividend yield, its reliability and sustainability?

10.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ABG's dividend (10.58%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.92%).

High Dividend: ABG's dividend (10.58%) is in the top 25% of dividend payers in the Norwegian market (5.09%)


Stability and Growth of Payments

Stable Dividend: ABG's dividend payments have been volatile in the past 10 years.

Growing Dividend: ABG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.6%), ABG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Jonas Strom

2.33yrs

Tenure

kr12,727,000

Compensation

Mr. Jonas Strom serves as Chief Executive Officer of ABG Sundal Collier Holding ASA since May 1, 2019 and also served as its Managing Partner of Sweden since 2018 until April 2019. He was Head of Investmen...


CEO Compensation Analysis

Compensation vs Market: Jonas's total compensation ($USD1.48M) is above average for companies of similar size in the Norwegian market ($USD616.98K).

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


Leadership Team

Experienced Management: ABG's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: ABG's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: ABG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.3%.


Top Shareholders

Company Information

ABG Sundal Collier Holding ASA's employee growth, exchange listings and data sources


Key Information

  • Name: ABG Sundal Collier Holding ASA
  • Ticker: ABG
  • Exchange: OB
  • Founded: 1984
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: kr4.390b
  • Shares outstanding: 464.58m
  • Website: https://www.abgsc.com

Number of Employees


Location

  • ABG Sundal Collier Holding ASA
  • Munkedamsveien 45 East
  • 7th floor
  • Oslo
  • Oslo
  • 250
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 16:20
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.