OB:XXL

Stock Analysis Report

Executive Summary

XXL ASA operates as a sports retailer. The company offers sports, health, and fitness products, such as sports equipment and sportswear for various sports, including football, golf, water sports, racket sports, and ice hockey; and fitness equipment, including treadmills and rowing machines, as well as food supplements and nutrition.


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: XXL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

83.2%

XXL

-5.2%

NO Specialty Retail

8.2%

NO Market


1 Year Return

-73.7%

XXL

-25.2%

NO Specialty Retail

-24.7%

NO Market

Return vs Industry: XXL underperformed the Norwegian Specialty Retail industry which returned -25.2% over the past year.

Return vs Market: XXL underperformed the Norwegian Market which returned -24.7% over the past year.


Shareholder returns

XXLIndustryMarket
7 Day83.2%-5.2%8.2%
30 Day-21.2%-26.1%-14.5%
90 Day-42.8%-36.2%-24.9%
1 Year-73.7%-73.7%-22.8%-25.2%-20.8%-24.7%
3 Year-91.5%-91.9%-35.3%-42.7%2.1%-10.7%
5 Year-88.8%-89.8%-35.4%-46.0%14.8%-11.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XXL (NOK7.8) is trading below our estimate of fair value (NOK38.53)

Significantly Below Fair Value: XXL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: XXL is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: XXL is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: XXL is good value based on its PB Ratio (0.3x) compared to the XE Specialty Retail industry average (0.8x).


Next Steps

Future Growth

How is XXL forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

92.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XXL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: XXL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: XXL's is expected to become profitable in the next 3 years.

Revenue vs Market: XXL's revenue (3.7% per year) is forecast to grow faster than the Norwegian market (2.9% per year).

High Growth Revenue: XXL's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XXL's Return on Equity is forecast to be low in 3 years time (3.2%).


Next Steps

Past Performance

How has XXL performed over the past 5 years?

-15.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XXL is currently unprofitable.

Growing Profit Margin: XXL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XXL is unprofitable, and losses have increased over the past 5 years at a rate of -15.4% per year.

Accelerating Growth: Unable to compare XXL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: XXL is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (2.9%).


Return on Equity

High ROE: XXL has a negative Return on Equity (-7.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is XXL's financial position?


Financial Position Analysis

Short Term Liabilities: XXL's short term assets (NOK3.5B) exceed its short term liabilities (NOK3.3B).

Long Term Liabilities: XXL's short term assets (NOK3.5B) exceed its long term liabilities (NOK3.2B).


Debt to Equity History and Analysis

Debt Level: XXL's debt to equity ratio (42.9%) is considered high.

Reducing Debt: XXL's debt to equity ratio has increased from 33.2% to 42.9% over the past 5 years.


Balance Sheet

Inventory Level: XXL has a high level of physical assets or inventory.

Debt Coverage by Assets: XXL's debt is covered by short term assets (assets are 2.1x 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: XXL has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: XXL has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

1.07%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate XXL'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 XXL's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: XXL is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

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


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Pål Wibe

0.25

Tenure

Mr. Pål Wibe serves as Chief Executive Officer of Europris ASA since March 2014 until March 27, 2020. Mr. Wibe is employed at Nordkronen AS and Nordkronen II AS. He served as the Chief Executive Officer at ...


Leadership Team

NamePositionTenureCompensationOwnership
Tolle O. Grøterud
Strategy & Investor Relations Director4.17yrskr2.47mno data
Harald Borgen
Chief Procurement Officer0.83yrno data0.028% NOK379.8k
Pål Wibe
Group Chief Executive Officer0.25yrno datano data
Stein Eriksen
Group Chief Financial Officer1.5yrsno data0.019% NOK249.6k
Karete Kvisle
Head of Accountingno datano datano data
Jakob Olsbø
Chief Marketing Officer0.83yrno datano data
Magnus Kreuger
Managing Director of Austria1.17yrsno datano data
Anders Lindblom
Managing Director of Swedish Branch0.083yrno datano data
Leidulf Holand
Business Controllerno datano datano data
Siv Iversen
Controllerno datano datano data

0.8yrs

Average Tenure

Experienced Management: XXL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hugo Maurstad
Chairman of the Board1.25yrsno datano data
Ronny Blomseth
Independent Directorno datakr290.00k0.13% NOK1.8m
Øivind Tidemandsen
Directorno datakr400.00kno data
Maria Aas-Eng
Director0.83yrno datano data
Kjersti Krokeide Hobøl
Director0.83yrno datano data

0.8yrs

Average Tenure

54yo

Average Age

Experienced Board: XXL's board of directors are not considered experienced ( 0.8 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: 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 been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

XXL ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: XXL ASA
  • Ticker: XXL
  • Exchange: OB
  • Founded: 2000
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: kr1.345b
  • Shares outstanding: 172.43m
  • Website: https://www.xxlasa.com

Number of Employees


Location

  • XXL ASA
  • Alna Center
  • Strømsveien 245
  • Oslo
  • Oslo
  • 668
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XXLOB (Oslo Bors)YesOrdinary SharesNONOKOct 2014
XXLoBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKOct 2014
2XXDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2014
0R3PLSE (London Stock Exchange)YesOrdinary SharesGBNOKOct 2014
2XXBRSE (Berne Stock Exchange)YesOrdinary SharesCHCHFOct 2014
XXLL.YOTCPK (Pink Sheets LLC)UNSPONSORE ADRUSUSDMar 2017

Biography

XXL ASA operates as a sports retailer. The company offers sports, health, and fitness products, such as sports equipment and sportswear for various sports, including football, golf, water sports, racket sports, and ice hockey; and fitness equipment, including treadmills and rowing machines, as well as food supplements and nutrition. It also provides sports-related and outdoor shoes, and shoes accessories; sportswear comprising an assortment of clothes for men, women, and children for outerwear, casual wear, sportswear and technical gear, and swimwear; and outdoor products for fishing, wilderness living, and camping, such as tents, lavvos, sleeping bags, backpacks, and cooking equipment, as well as climbing gear and equipment for horses and dogs. In addition, the company provides hunting products, including firearms and ammunition, clothes, binoculars, optics, knives, and axes; skis and ski accessories, such as shoes, poles, clothes, and other equipment for cross-country and downhill skiing, as well as snowboarding; high-end and everyday bikes comprising hybrid bikes, mountain bikes, city bikes, and electric bikes for children, women, and men; and bike equipment, such as helmets, shoes, spare parts, and clothes. Further, it offers products that connect technology and sports/outdoor activities, including sport watches, action cameras, drones, GPS, earplugs and headphones, portable loudspeakers, sunglasses, pulse meters, power banks, and cycle computers. The company operates approximately 82 stores, including 36 stores in Norway, 27 stores in Sweden, 15 stores in Finland, and 4 stores in Austria, as well as e-commerce Websites, such as xxl.no, xxl.se, xxl.fi, xxl.dk, and xxlsports.at. XXL ASA was founded in 2000 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 Analysis2020/04/06 02:18
End of Day Share Price2020/04/03 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.