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XXL

XXLOB:XXL Stock Report

Market Cap

kr4.2b

7D

0.6%

1Y

-32.6%

Updated

27 Sep, 2021

Data

Company Financials +
XXL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

XXL Overview

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.

Rewards

Trading at 59.6% below our estimate of its fair value

Earnings are forecast to grow 14.91% per year

Became profitable this year

Risk Analysis

No risks detected for XXL from our risk checks.

XXL Competitors

Price History & Performance

Summary of all time highs, changes and price drops for XXL
Historical stock prices
Current Share Pricekr17.10
52 Week Highkr16.05
52 Week Lowkr28.62
Beta2.31
1 Month Change-6.30%
3 Month Change-7.67%
1 Year Change-32.62%
3 Year Change-59.57%
5 Year Change-84.52%
Change since IPO-72.42%

Recent News & Updates

Shareholder Returns

XXLNO Specialty RetailNO Market
7D0.6%-2.7%1.2%
1Y-32.6%31.7%26.4%

Return vs Industry: XXL underperformed the Norwegian Specialty Retail industry which returned 31.7% over the past year.

Return vs Market: XXL underperformed the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is XXL's price volatile compared to industry and market?
XXL volatility
XXL Beta2.31
Industry Beta1.23
Market Beta1

Stable Share Price: XXL is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: XXL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20005,363Pal Wibehttps://www.xxlasa.com

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.

XXL Fundamentals Summary

How do XXL's earnings and revenue compare to its market cap?
XXL fundamental statistics
Market Capkr4.17b
Earnings (TTM)kr300.00m
Revenue (TTM)kr9.98b

13.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
XXL income statement (TTM)
Revenuekr9.98b
Cost of Revenuekr5.90b
Gross Profitkr4.08b
Expenseskr3.78b
Earningskr300.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)1.23
Gross Margin40.89%
Net Profit Margin3.01%
Debt/Equity Ratio15.2%

How did XXL perform over the long term?

See historical performance and comparison

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 (NOK16.61) is trading below our estimate of fair value (NOK41.1)

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


Price To Earnings Ratio

PE vs Industry: XXL is good value based on its PE Ratio (13.5x) compared to the European Specialty Retail industry average (14.4x).

PE vs Market: XXL's PE Ratio (13.5x) is in line with the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: XXL is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: XXL is good value based on its PB Ratio (1x) compared to the XE Specialty Retail industry average (2.2x).


Future Growth

How is XXL forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XXL's forecast earnings growth (14.9% per year) is above the savings rate (1.2%).

Earnings vs Market: XXL's earnings (14.9% per year) are forecast to grow faster than the Norwegian market (10.2% per year).

High Growth Earnings: XXL's earnings are forecast to grow, but not significantly.

Revenue vs Market: XXL's revenue (4.5% per year) is forecast to grow slower than the Norwegian market (5.6% per year).

High Growth Revenue: XXL's revenue (4.5% 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 (9.1%).


Past Performance

How has XXL performed over the past 5 years?

-37.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XXL has high quality earnings.

Growing Profit Margin: XXL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: XXL's earnings have declined by 37.2% per year over the past 5 years.

Accelerating Growth: XXL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: XXL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (47.1%).


Return on Equity

High ROE: XXL's Return on Equity (7.1%) is considered low.


Financial Health

How is XXL's financial position?


Financial Position Analysis

Short Term Liabilities: XXL's short term assets (NOK2.8B) exceed its short term liabilities (NOK2.3B).

Long Term Liabilities: XXL's short term assets (NOK2.8B) exceed its long term liabilities (NOK2.4B).


Debt to Equity History and Analysis

Debt Level: XXL's debt to equity ratio (15.2%) is considered satisfactory.

Reducing Debt: XXL's debt to equity ratio has reduced from 41.5% to 15.2% over the past 5 years.

Debt Coverage: XXL's debt is well covered by operating cash flow (199.4%).

Interest Coverage: XXL's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Dividend

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

6.77%

Forecast Dividend Yield


Upcoming Dividend Payment

TodaySep 27 2021Ex Dividend DateDec 16 2021Dividend Pay DateDec 23 20217 days from Ex DividendBuy in the next 79 days to receive the upcoming dividend

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 recent payouts.

High Dividend: Unable to evaluate XXL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

1.5yrs

Average management tenure


CEO

Pal Wibe (54 yo)

1.42yrs

Tenure

kr7,861,000

Compensation

Mr. Pal Wibe serves as Group Chief Executive Officer of XXL ASA since April 2020. He served as Chief Executive Officer of Europris ASA since March 2014 until March 27, 2020 and is its Director since 2020....


CEO Compensation Analysis

Compensation vs Market: Pal's total compensation ($USD912.85K) is above average for companies of similar size in the Norwegian market ($USD630.00K).

Compensation vs Earnings: Insufficient data to compare Pal's compensation with company performance.


Leadership Team

Experienced Management: XXL's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: XXL's board of directors are not considered experienced ( 2.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

XXL ASA's 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: kr4.170b
  • Shares outstanding: 243.87m
  • Website: https://www.xxlasa.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 21:21
End of Day Share Price2021/09/27 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.