OM:COLL

Stock Analysis Report

Executive Summary

Collector AB (publ), through its subsidiaries, provides financial services to private and corporate customers in Sweden and other Nordic countries.


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.9%

COLL

3.6%

SE Banks

7.3%

SE Market


1 Year Return

-71.5%

COLL

-26.0%

SE Banks

-6.6%

SE Market

Return vs Industry: COLL underperformed the Swedish Banks industry which returned -26% over the past year.

Return vs Market: COLL underperformed the Swedish Market which returned -6.6% over the past year.


Shareholder returns

COLLIndustryMarket
7 Day2.9%3.6%7.3%
30 Day-26.2%-14.4%-2.6%
90 Day-70.9%-24.9%-17.3%
1 Year-58.5%-71.5%-25.7%-26.0%-4.7%-6.6%
3 Year-78.5%-85.2%-32.0%-42.3%7.0%-8.2%
5 Yearn/a-38.9%-51.2%15.3%-8.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Collector 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: COLL (SEK14.4) is trading below our estimate of fair value (SEK94.47)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: COLL is good value based on its PB Ratio (0.4x) compared to the SE Banks industry average (0.9x).


Next Steps

Future Growth

How is Collector forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

36.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

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

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

Revenue vs Market: COLL's revenue (21.9% per year) is forecast to grow faster than the Swedish market (4.2% per year).

High Growth Revenue: COLL's revenue (21.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COLL's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

How has Collector performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COLL is currently unprofitable.

Growing Profit Margin: COLL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: COLL is unprofitable, but has reduced losses over the past 5 years at a rate of 15.1% per year.

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

Earnings vs Industry: COLL is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (6.8%).


Return on Equity

High ROE: COLL has a negative Return on Equity (-0.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Collector'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


Financial Institutions Analysis

Asset Level: COLL's level of assets compared to its equity is moderate.

Allowance for Bad Loans: COLL has a low allowance for bad loans.

Low Risk Liabilities: COLL's liabilities are made up of primarily low risk sources of funding.

Loan Level: COLL has an acceptable proportion of non-loan assets held.

Low Risk Deposits: COLL's loans are broadly funded by customer deposits.

Level of Bad Loans: COLL has a high level of bad loans (20.36%)


Next Steps

Dividend

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

1.11%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: COLL is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

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


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Martin Nossman (48yo)

1.67s

Tenure

kr5,540,000

Compensation

Mr. Martin Nossman is Chief Executive Officer at Collector Bank AB and Collector AB (publ) since August 01, 2018. He has an MSc in Business and Economics from Lund University and has worked at Handelsbanke ...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD551.96K) is about average for companies of similar size in the Swedish market ($USD454.42K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Lena Apler
2.25yrskr2.40m0.32% SEK9.6m
Martin Nossman
Chief Executive Officer1.67yrskr5.54m0.35% SEK10.4m
Johan Möller
Co-Founder30.25yrskr1.02mno data
Peter Olsson
Chief Financial Officer0.75yrno data0.032% SEK936.0k
Susanne Bruce
COO & Vice CEO2.25yrsno data0.0089% SEK263.5k
Jonas Björkman
Chief Information Officer1.25yrsno datano data
Madeleine Mörch
Finance & IR Manager1yrno datano data
Lars Jansson
General Counsel2.25yrsno datano data
Karin Bucko
Acting Head of Compliance0.25yrno datano data
Kajsa Lernestål
Chief Marketing Officer0.42yrno datano data

1.5yrs

Average Tenure

56yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Lena Apler
2.25yrskr2.40m0.32% SEK9.6m
Erik Selin
Chairman of the Board6.25yrskr500.00k2.26% SEK66.9m
Christoffer Lundstrom
Independent Director13.25yrskr300.00k0.19% SEK5.8m
Charlotte Hybinette
Board Member1.25yrsno datano data
Anna Batra
Board Member1.25yrsno data0.0049% SEK144.0k

2.3yrs

Average Tenure

49yo

Average Age

Experienced Board: COLL's board of directors are not considered experienced ( 2.3 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: COLL 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

Collector AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Collector AB (publ)
  • Ticker: COLL
  • Exchange: OM
  • Founded: 1998
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: kr2.957b
  • Shares outstanding: 205.38m
  • Website: https://www.collector.se

Number of Employees


Location

  • Collector AB (publ)
  • Lilla Bommens Torg 11
  • Box 119 14
  • Gothenburg
  • Västra Götaland County
  • 411 09
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COLLOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKJun 2015
0R8TLSE (London Stock Exchange)YesOrdinary SharesGBSEKJun 2015
COLLSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKJun 2015
NCADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2015

Biography

Collector AB (publ), through its subsidiaries, provides financial services to private and corporate customers in Sweden and other Nordic countries. The company operates through four segments: Retail, Corporate, Payments, and Colligent. The Retail segment offers savings accounts, personal loan products, credit cards, and mortgage products, as well as invoice and payments by instalments to e-commerce and retail companies. The Corporate segment provides purchase of receivables, invoice factoring, export and order financing, and real estate credits services. The Payment segment offers payment solutions for e-commerce and shops, and collector checkout payment solutions. The Colligent segment provides rent collection services, commercial debt collection services, consumer debt collection services, foreign debt collection services, and purchased debt services. It also offers credit management and corporate law services. Collector AB (publ) was incorporated in 1998 and is headquartered in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 07:02
End of Day Share Price2020/04/09 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.