Loading...

Svenska Handelsbanken

OM:SHB A
Snowflake Description

Average dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHB A
OM
SEK196B
Market Cap
  1. Home
  2. SE
  3. Banks
Company description

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Denmark, Finland, Norway, and the Netherlands. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
SHB A Share Price and Events
7 Day Returns
-0.6%
OM:SHB A
-0.5%
SE Banks
1.4%
SE Market
1 Year Returns
2.2%
OM:SHB A
-14.8%
SE Banks
-2%
SE Market
SHB A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Svenska Handelsbanken (SHB A) -0.6% -3% -2.6% 2.2% -3.4% -10%
SE Banks -0.5% -6.4% -19.6% -14.8% -5.3% -26.9%
SE Market 1.4% -3.3% 1.1% -2% 13% 16.7%
1 Year Return vs Industry and Market
  • SHB A outperformed the Banks industry which returned -14.8% over the past year.
  • SHB A outperformed the Market in Sweden which returned -2% over the past year.
Price Volatility
SHB A
Industry
5yr Volatility vs Market

Value

 Is Svenska Handelsbanken undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Svenska Handelsbanken to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Svenska Handelsbanken.

OM:SHB A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 14 analysts.
= Stable Book Value * Return on Equity
= SEK79.85 * 11.5%
SEK9.16
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. SEK79.85
Discount Rate (Cost of Equity) See below 12.4%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:SHB A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 22%) (832.88%))
3.273
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (2 * 5.96%)
12.35%

Discounted Cash Flow Calculation for OM:SHB A using Excess Returns Model Model

The calculations below outline how an intrinsic value for Svenska Handelsbanken is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OM:SHB A Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.5% – 12.35%) * SEK79.85)
SEK-0.71
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SEK-0.71 / (12.35% - 0.43%)
SEK-5.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SEK79.85 + SEK-5.92
SEK73.92
OM:SHB A Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK73.92
Current discount Discount to share price of SEK101.00
= -1 x (SEK101.00 - SEK73.92) / SEK73.92
-36.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Svenska Handelsbanken is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Svenska Handelsbanken's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Svenska Handelsbanken's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:SHB A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK9.31
OM:SHB A Share Price ** OM (2019-05-21) in SEK SEK101
Sweden Banks Industry PE Ratio Median Figure of 5 Publicly-Listed Banks Companies 8.67x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Svenska Handelsbanken.

OM:SHB A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:SHB A Share Price ÷ EPS (both in SEK)

= 101 ÷ 9.31

10.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Svenska Handelsbanken is overvalued based on earnings compared to the SE Banks industry average.
  • Svenska Handelsbanken is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Svenska Handelsbanken's expected growth come at a high price?
Raw Data
OM:SHB A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
1.8%per year
Sweden Banks Industry PEG Ratio Median Figure of 5 Publicly-Listed Banks Companies 1.15x
Sweden Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

OM:SHB A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.85x ÷ 1.8%

6.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Svenska Handelsbanken is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Svenska Handelsbanken's assets?
Raw Data
OM:SHB A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK71.89
OM:SHB A Share Price * OM (2019-05-21) in SEK SEK101
Sweden Banks Industry PB Ratio Median Figure of 5 Publicly-Listed Banks Companies 1.39x
Sweden Market PB Ratio Median Figure of 568 Publicly-Listed Companies 2.45x
OM:SHB A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:SHB A Share Price ÷ Book Value per Share (both in SEK)

= 101 ÷ 71.89

1.4x

* Primary Listing of Svenska Handelsbanken.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Svenska Handelsbanken is overvalued based on assets compared to the SE Banks industry average.
X
Value checks
We assess Svenska Handelsbanken's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Svenska Handelsbanken has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Svenska Handelsbanken expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Svenska Handelsbanken expected to grow at an attractive rate?
  • Svenska Handelsbanken's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Svenska Handelsbanken's earnings growth is positive but not above the Sweden market average.
  • Svenska Handelsbanken's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:SHB A Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:SHB A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 1.8%
OM:SHB A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 3.8%
Sweden Banks Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
Sweden Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:SHB A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:SHB A Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 50,263 19,639 1
2021-12-31 47,983 17,831 13
2020-12-31 46,360 17,171 14
2019-12-31 44,519 17,282 13
OM:SHB A Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 43,241 14,481 18,106
2018-12-31 42,903 10,142 17,354
2018-09-30 42,162 -158,733 17,099
2018-06-30 41,697 -202,375 17,166
2018-03-31 40,335 -215,036 15,991
2017-12-31 40,005 -72,740 16,099
2017-09-30 39,245 -25,963 15,783
2017-06-30 39,213 -114,359 16,175
2017-03-31 38,853 -171,334 16,305
2016-12-31 39,071 -71,428 16,231
2016-09-30 40,200 178,872 17,244
2016-06-30 39,204 326,476 16,382

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Svenska Handelsbanken's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
  • Svenska Handelsbanken's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:SHB A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Svenska Handelsbanken Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SHB A Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 10.10 10.10 10.10 1.00
2021-12-31 9.05 9.81 8.05 9.00
2020-12-31 8.71 9.20 7.86 11.00
2019-12-31 8.73 9.10 8.27 11.00
OM:SHB A Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 9.31
2018-12-31 8.93
2018-09-30 8.79
2018-06-30 8.83
2018-03-31 8.22
2017-12-31 8.28
2017-09-30 8.12
2017-06-30 8.33
2017-03-31 8.42
2016-12-31 8.42
2016-09-30 8.99
2016-06-30 8.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Svenska Handelsbanken is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Svenska Handelsbanken's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Svenska Handelsbanken has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Svenska Handelsbanken performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Svenska Handelsbanken's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Svenska Handelsbanken's year on year earnings growth rate has been positive over the past 5 years.
  • Svenska Handelsbanken's 1-year earnings growth exceeds its 5-year average (13.2% vs 3.1%)
  • Svenska Handelsbanken's earnings growth has not exceeded the SE Banks industry average in the past year (13.2% vs 18.6%).
Earnings and Revenue History
Svenska Handelsbanken's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Svenska Handelsbanken Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SHB A Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 43,241.00 18,106.00 14,547.00
2018-12-31 42,903.00 17,354.00 14,259.00
2018-09-30 42,162.00 17,099.00 14,182.00
2018-06-30 41,697.00 17,166.00 13,854.00
2018-03-31 40,335.00 15,991.00 13,450.00
2017-12-31 40,005.00 16,099.00 13,264.00
2017-09-30 39,245.00 15,783.00 13,593.00
2017-06-30 39,213.00 16,175.00 13,397.00
2017-03-31 38,853.00 16,305.00 13,320.00
2016-12-31 39,071.00 16,231.00 13,114.00
2016-09-30 40,200.00 17,244.00 13,461.00
2016-06-30 39,204.00 16,382.00 13,462.00
2016-03-31 39,373.00 16,342.00 13,662.00
2015-12-31 38,746.00 16,197.00 13,814.00
2015-09-30 37,169.00 15,116.00 9,817.00
2015-06-30 37,296.00 15,296.00 10,968.00
2015-03-31 36,809.00 15,152.00 11,990.00
2014-12-31 36,539.00 15,142.00 12,992.00
2014-09-30 36,641.00 15,258.00 12,801.00
2014-06-30 36,235.00 14,950.00 12,726.00
2014-03-31 35,797.00 14,604.00 12,648.00
2013-12-31 35,149.00 14,173.00 12,584.00
2013-09-30 34,678.00 15,028.00 12,809.00
2013-06-30 34,138.00 14,606.00 12,553.00
2013-03-31 33,751.00 14,250.00 12,476.00
2012-12-31 33,808.00 14,015.00 12,408.00
2012-09-30 33,446.00 12,682.00 16,171.00
2012-06-30 33,434.00 12,709.00 16,088.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Svenska Handelsbanken has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Svenska Handelsbanken used its assets less efficiently than the SE Banks industry average last year based on Return on Assets.
  • Unable to establish if Svenska Handelsbanken improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Svenska Handelsbanken's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Svenska Handelsbanken has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Svenska Handelsbanken's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Svenska Handelsbanken's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Svenska Handelsbanken Company Filings, last reported 1 month ago.

OM:SHB A Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 139,783.00 1,635,225.00 431,630.00
2018-12-31 142,261.00 1,702,954.00 372,290.00
2018-09-30 141,210.00 1,599,549.00 428,084.00
2018-06-30 138,279.00 1,610,293.00 462,138.00
2018-03-31 131,613.00 1,526,365.00 353,834.00
2017-12-31 141,604.00 1,561,504.00 286,883.00
2017-09-30 138,951.00 1,476,658.00 447,634.00
2017-06-30 134,900.00 1,467,029.00 518,318.00
2017-03-31 131,741.00 1,482,704.00 483,224.00
2016-12-31 136,381.00 1,559,217.00 294,994.00
2016-09-30 134,085.00 1,503,838.00 463,444.00
2016-06-30 129,582.00 1,516,210.00 624,860.00
2016-03-31 122,777.00 1,452,648.00 573,211.00
2015-12-31 128,268.00 1,548,428.00 320,929.00
2015-09-30 127,435.00 1,473,812.00 604,102.00
2015-06-30 123,971.00 1,439,048.00 604,373.00
2015-03-31 124,492.00 1,446,047.00 695,691.00
2014-12-31 126,827.00 1,824,489.00 644,719.00
2014-09-30 120,249.00 1,383,794.00 551,525.00
2014-06-30 116,814.00 1,387,475.00 553,372.00
2014-03-31 107,820.00 1,361,210.00 486,405.00
2013-12-31 111,339.00 1,633,317.00 497,666.00
2013-09-30 106,512.00 1,447,693.00 485,699.00
2013-06-30 102,391.00 1,511,381.00 371,063.00
2013-03-31 100,366.00 1,488,690.00 395,584.00
2012-12-31 103,850.00 1,628,979.00 473,467.00
2012-09-30 100,987.00 1,544,436.00 554,357.00
2012-06-30 97,014.00 1,586,947.00 482,976.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Svenska Handelsbanken has an acceptable proportion of non-loan assets held.
  • Svenska Handelsbanken's liabilities are made up of primarily higher risk sources of funding.
  • Svenska Handelsbanken has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Svenska Handelsbanken's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Svenska Handelsbanken has a low allowance for bad loans.
  • Svenska Handelsbanken has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Svenska Handelsbanken's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Svenska Handelsbanken has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.45%
Current annual income from Svenska Handelsbanken dividends. Estimated to be 6.31% next year.
If you bought SEK2,000 of Svenska Handelsbanken shares you are expected to receive SEK109 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Svenska Handelsbanken's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.81%).
  • Svenska Handelsbanken's dividend is above the markets top 25% of dividend payers in Sweden (4.42%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:SHB A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Europe Banks Industry Average Dividend Yield Market Cap Weighted Average of 137 Stocks 5.7%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 243 Stocks 3.2%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.8%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:SHB A Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 7.00 1.00
2021-12-31 6.81 14.00
2020-12-31 6.37 16.00
2019-12-31 5.91 14.00
OM:SHB A Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-27 5.500 5.356
2018-02-08 5.500 5.331
2017-03-29 5.000 4.189
2016-03-16 6.000 5.237
2015-02-04 5.833 4.812
2014-02-05 3.833 3.412
2013-03-20 3.583 3.688
2012-06-15 3.250 4.043
2012-02-24 3.250 4.571
2012-02-15 3.250 4.455
2011-03-23 3.000 4.784
2010-04-29 2.667 3.842

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Svenska Handelsbanken has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Svenska Handelsbanken only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Svenska Handelsbanken's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Svenska Handelsbanken's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Svenska Handelsbanken afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Svenska Handelsbanken has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Svenska Handelsbanken's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Carina Åkerström
COMPENSATION SEK8,600,000
AGE 56
TENURE AS CEO 0.2 years
CEO Bio

Ms. Carina Åkerström has been President, Group Chief Executive and Executive Director of Svenska Handelsbanken AB (publ) since March 27, 2019. Ms. Åkerström served as Deputy Group Chief Executive at Svenska Handelsbanken AB since October, 2016. Ms. Åkerström serves as Member of senior management team of regional bank in Eastern Sweden. She served as Head of Regional Bank - Stockholm and Deputy Group Chief Executive at Svenska Handelsbanken AB since September 1, 2010 and October, 2016. Ms. Åkerström served as an Executive Vice President of Swedish Regional Bank at Svenska Handelsbanken AB since August 2008. Ms. Åkerström served as Head of Regional Bank Stockholm and an Executive Vice President of StadsHypotek AB. She served as Head of Regional Bank - Eastern Sweden at Svenska Handelsbanken AB from August 2008 to September 1, 2010.

CEO Compensation
  • Carina's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Carina's remuneration is lower than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Svenska Handelsbanken management team in years:

0.9
Average Tenure
54
Average Age
  • The average tenure for the Svenska Handelsbanken management team is less than 2 years, this suggests a new team.
Management Team

Carina Åkerström

TITLE
President
COMPENSATION
SEK9M
AGE
56
TENURE
0.2 yrs

Charlotte Skog

TITLE
Executive Director
AGE
54

Rolf Marquardt

TITLE
CFO of Group Finance & Executive Director
AGE
54
TENURE
2.7 yrs

Juha Rantamaa

TITLE
Acting Chief Information Officer of IT & Infrastructure
AGE
54
TENURE
0.1 yrs

Lars Höglund

TITLE
Head of Investor Relations
TENURE
1.7 yrs

Martin Wasteson

TITLE
Chief Legal Officer of Group Legal
AGE
47
TENURE
4.2 yrs

Maria Tornell

TITLE
Acting Head of Group Compliance

Maria Wessman

TITLE
Acting Chief Communications & Sustainability Officer
TENURE
0.1 yrs

Magnus Ericson

TITLE
Acting Chief Human Resources of Group HR
AGE
50
TENURE
0.1 yrs

Yonnie Bergqvist

TITLE
Head of Retail and E-Services
AGE
57
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the Svenska Handelsbanken board of directors in years:

5.7
Average Tenure
56
Average Age
  • The tenure for the Svenska Handelsbanken board of directors is about average.
Board of Directors

Pär Boman

TITLE
Chairman of the Board
AGE
57
TENURE
4.2 yrs

Carina Åkerström

TITLE
President
COMPENSATION
SEK9M
AGE
56
TENURE
0.2 yrs

Fredrik Lundberg

TITLE
Vice Chairman of the Board
AGE
67
TENURE
11.1 yrs

Charlotte Skog

TITLE
Executive Director
AGE
54
TENURE
7.2 yrs

Dag Tjernsmo

TITLE
CEO of Handelsbanken Norway
AGE
56

Pål Bergström

TITLE
Head of Handelsbanken Markets
AGE
51

Dan Lindwall

TITLE
Head of Handelsbanken Capital Markets & Executive Director
AGE
53
TENURE
0.3 yrs

M. Widerberg

TITLE
Chairman of Handel Och Industri
AGE
69
TENURE
10.3 yrs

Göran Stille

TITLE
Chairman of Subsidiary
AGE
52

Ulf Bergqvist

TITLE
Chairman of Central Sweden Regional Bank
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Svenska Handelsbanken insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
25. Apr 19 Buy Ole Johansson Individual 24. Apr 19 24. Apr 19 11,650 SEK104.70 SEK1,219,755
26. Nov 18 Buy L E Lundbergföretagen AB (publ) Company 22. Nov 18 23. Nov 18 1,000,000 SEK96.31 SEK96,106,786
02. Nov 18 Buy Ole Johansson Individual 29. Oct 18 29. Oct 18 7,600 SEK101.10 SEK768,360
X
Management checks
We assess Svenska Handelsbanken's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Svenska Handelsbanken has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Denmark, Finland, Norway, and the Netherlands. It offers transactional and savings accounts, business, currency, and corporate accounts; mortgage and private loans; mutual funds; and pension products. The company also provides business cards; financing for investments, such as equipment, cars, computers, and other inventories; green loans and bonds; investment services; medical care, and group and health insurance; and online and mobile banking services, as well as forestry and farming services. The company operates approximately 400 branches in Sweden; and 56 branches in Denmark, 36 in Finland, 208 in Great Britain, 29 in the Netherlands, and 49 in Norway, as well as branches in 16 countries. Svenska Handelsbanken AB (publ) was founded in 1871 and is based in Stockholm, Sweden.

Details
Name: Svenska Handelsbanken AB (publ)
SHB A
Exchange: OM
Founded: 1871
SEK196,333,490,096
1,944,175,160
Website: http://www.handelsbanken.se
Address: Svenska Handelsbanken AB (publ)
Kungsträdgårdsgatan 2,
Stockholm,
Stockholm County, 106 70,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SHB A Class A Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1981
OTCPK SVNL.F Class A Ordinary Shares Pink Sheets LLC US USD 02. Jan 1981
DB SVHH Class A Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1981
LSE 0R7R Class A Ordinary Shares London Stock Exchange GB SEK 02. Jan 1981
LSE 0R7R Class A Ordinary Shares London Stock Exchange GB SEK 02. Jan 1981
OTCPK SVNL.Y ADR Pink Sheets LLC US USD 22. Oct 2008
OM SHB B Class B Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
DB SVHG Class B Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0R7S Class B Ordinary Shares London Stock Exchange GB SEK 02. Jan 1992
Number of employees
Current staff
Staff numbers
12,394
Svenska Handelsbanken employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 20:38
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.