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ÅAC Microtec

OM:AAC
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAC
OM
SEK391M
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

ÅAC Microtec AB (publ) primarily provides products and services to the small satellite market in Sweden, the United Kingdom, and the United States. The last earnings update was 69 days ago. More info.


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  • ÅAC Microtec has significant price volatility in the past 3 months.
AAC Share Price and Events
7 Day Returns
-1%
OM:AAC
3.2%
SE Aerospace & Defense
0%
SE Market
1 Year Returns
-32%
OM:AAC
-17.9%
SE Aerospace & Defense
6.9%
SE Market
AAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ÅAC Microtec (AAC) -1% -15.9% -39.9% -32% - -
SE Aerospace & Defense 3.2% 6.1% 0.1% -17.9% 10.4% 106.3%
SE Market 0% 2.7% 2.2% 6.9% 16.4% 22.6%
1 Year Return vs Industry and Market
  • AAC underperformed the Aerospace & Defense industry which returned -17.9% over the past year.
  • AAC underperformed the Market in Sweden which returned 6.9% over the past year.
Price Volatility
AAC
Industry
5yr Volatility vs Market

Value

 Is ÅAC Microtec 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 ÅAC Microtec 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 ÅAC Microtec.

OM:AAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:AAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.88 (1 + (1- 22%) (1.58%))
0.927
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.927 * 5.96%)
5.96%

Discounted Cash Flow Calculation for OM:AAC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ÅAC Microtec is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:AAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.96%)
2020 0.00 Analyst x1 0.00
2021 13.00 Analyst x1 11.58
2022 23.04 Est @ 77.19% 19.36
2023 35.51 Est @ 54.17% 28.18
2024 49.02 Est @ 38.05% 36.71
2025 62.14 Est @ 26.76% 43.92
2026 73.87 Est @ 18.86% 49.27
2027 83.72 Est @ 13.34% 52.70
2028 91.64 Est @ 9.47% 54.44
2029 97.83 Est @ 6.76% 54.85
Present value of next 10 years cash flows SEK351.01
OM:AAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK97.83 × (1 + 0.43%) ÷ (5.96% – 0.43%)
SEK1,779.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,779.28 ÷ (1 + 5.96%)10
SEK997.61
OM:AAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK351.01 + SEK997.61
SEK1,348.62
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,348.62 / 96.21
SEK14.02
OM:AAC Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK14.02
Current discount Discount to share price of SEK4.06
= -1 x (SEK4.06 - SEK14.02) / SEK14.02
71%

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

Current Discount
Amount off the current price ÅAC Microtec is available for.
Intrinsic value
>50%
Share price is SEK4.06 vs Future cash flow value of SEK14.02
Current Discount Checks
For ÅAC Microtec to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ÅAC Microtec's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ÅAC Microtec's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 ÅAC Microtec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ÅAC Microtec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:AAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK-0.55
OM:AAC Share Price ** OM (2019-07-16) in SEK SEK4.06
Europe Aerospace & Defense Industry PE Ratio Median Figure of 35 Publicly-Listed Aerospace & Defense Companies 22.59x
Sweden Market PE Ratio Median Figure of 326 Publicly-Listed Companies 16.5x

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

** Primary Listing of ÅAC Microtec.

OM:AAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.06 ÷ -0.55

-7.44x

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

  • ÅAC Microtec is loss making, we can't compare its value to the Europe Aerospace & Defense industry average.
  • ÅAC Microtec is loss making, we can't compare the value of its earnings to the Sweden market.
Price based on expected Growth
Does ÅAC Microtec's expected growth come at a high price?
Raw Data
OM:AAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
104.7%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 29 Publicly-Listed Aerospace & Defense Companies 1.49x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for ÅAC Microtec, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ÅAC Microtec's assets?
Raw Data
OM:AAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK6.10
OM:AAC Share Price * OM (2019-07-16) in SEK SEK4.06
Sweden Aerospace & Defense Industry PB Ratio Median Figure of 6 Publicly-Listed Aerospace & Defense Companies 3.89x
Sweden Market PB Ratio Median Figure of 573 Publicly-Listed Companies 2.54x
OM:AAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.06 ÷ 6.10

0.67x

* Primary Listing of ÅAC Microtec.

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

  • ÅAC Microtec is good value based on assets compared to the SE Aerospace & Defense industry average.
X
Value checks
We assess ÅAC Microtec'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. ÅAC Microtec has a total score of 3/6, 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 ÅAC Microtec expected to perform in the next 1 to 3 years based on estimates from 2 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
104.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ÅAC Microtec expected to grow at an attractive rate?
  • ÅAC Microtec's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • ÅAC Microtec's earnings growth is expected to exceed the Sweden market average.
  • ÅAC Microtec's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:AAC Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:AAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 104.7%
OM:AAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 37.5%
Sweden Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 22.5%
Sweden Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:AAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:AAC Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 221 42 28 1
2020-12-31 174 17 12 2
2019-12-31 109 -4 -16 2
OM:AAC Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 78 -41 -37
2018-12-31 79 -49 -43
2018-09-30 53 -54 -55
2018-06-30 46 -42 -44
2018-03-31 29 -32 -37
2017-12-31 17 -25 -27
2017-09-30 18 -18 -31
2017-06-30 22 -13 -27
2017-03-31 23 -12 -26
2016-12-31 26 -11 -24
2016-09-30 30 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ÅAC Microtec's earnings are expected to grow significantly at over 20% yearly.
  • ÅAC Microtec's revenue is expected to grow significantly at over 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:AAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from ÅAC Microtec Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AAC Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.40 0.40 0.40 1.00
2021-12-31 0.29 0.29 0.29 1.00
2020-12-31 0.17 0.30 0.04 2.00
2019-12-31 -0.19 -0.18 -0.20 2.00
OM:AAC Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 -0.55
2018-12-31 -0.65
2018-09-30 -0.98
2018-06-30 -0.93
2018-03-31 -0.98
2017-12-31 -0.86
2017-09-30 -1.35
2017-06-30 -1.65
2017-03-31 -2.57
2016-12-31 -6.01
2016-09-30 -0.55

*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.
  • ÅAC Microtec is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ÅAC Microtec'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.
ÅAC Microtec has a total score of 5/6, 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 ÅAC Microtec 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 ÅAC Microtec's growth in the last year to its industry (Aerospace & Defense).
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.
  • ÅAC Microtec does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ÅAC Microtec's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ÅAC Microtec's 1-year growth to the Europe Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
ÅAC Microtec'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 ÅAC Microtec Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AAC 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 78.01 -37.48 68.59
2018-12-31 79.37 -42.68 76.03
2018-09-30 53.42 -55.14 75.04
2018-06-30 45.80 -43.71 64.15
2018-03-31 29.33 -37.15 50.76
2017-12-31 17.23 -27.32 33.54
2017-09-30 17.67 -30.52 32.80
2017-06-30 22.48 -26.99 32.93
2017-03-31 23.43 -26.22 33.93
2016-12-31 26.19 -24.32 34.23
2016-09-30 29.89 -17.43 33.86
2015-12-31 24.39 -19.52 33.40
2014-12-31 23.60 -17.63 32.18
2013-12-31 37.25 -1.84 26.77

*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.
  • It is difficult to establish if ÅAC Microtec has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ÅAC Microtec has efficiently used its assets last year compared to the Europe Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ÅAC Microtec improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ÅAC Microtec'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 Aerospace & Defense 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.
ÅAC Microtec has a total score of 0/6, 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 ÅAC Microtec's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ÅAC Microtec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ÅAC Microtec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ÅAC Microtec's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ÅAC Microtec'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.5x debt.
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 ÅAC Microtec Company Filings, last reported 3 months ago.

OM:AAC Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 419.04 6.16 10.12
2018-12-31 412.06 1.36 12.24
2018-09-30 423.88 1.38 20.61
2018-06-30 438.69 1.54 38.65
2018-03-31 455.47 1.68 53.62
2017-12-31 45.85 2.02 37.20
2017-09-30 52.49 2.02 45.30
2017-06-30 58.91 2.02 53.62
2017-03-31 64.90 2.02 60.44
2016-12-31 70.33 4.23 77.71
2016-09-30 0.14 14.76 2.56
2015-12-31 -3.47 21.40 0.36
2014-12-31 0.29 11.85 0.82
2013-12-31 0.45 13.88
  • ÅAC Microtec's level of debt (1.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3258% vs 1.5% today).
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.

  • ÅAC Microtec has less than a year of cash runway based on current free cash flow.
  • ÅAC Microtec has less than a year of cash runway if free cash flow continues to grow at historical rates of 54.8% each year.
X
Financial health checks
We assess ÅAC Microtec'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. ÅAC Microtec has a total score of 4/6, 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 ÅAC Microtec'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
0%
Current annual income from ÅAC Microtec dividends. Estimated to be 0% next year.
If you bought SEK2,000 of ÅAC Microtec shares you are expected to receive SEK0 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?
  • Unable to evaluate ÅAC Microtec's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ÅAC Microtec's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:AAC 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 2 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 1.7%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

OM:AAC Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as ÅAC Microtec has not reported any payouts.
  • Unable to verify if ÅAC Microtec's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ÅAC Microtec's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ÅAC Microtec has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ÅAC Microtec's dividends in 3 years as they are not expected to pay a notable one for Sweden.
X
Income/ dividend checks
We assess ÅAC Microtec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 ÅAC Microtec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ÅAC Microtec has a total score of 0/6, 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 ÅAC Microtec'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
Luis Gomes
TENURE AS CEO 0.2 years
CEO Bio

Mr. Luis Gomes has been the Chief Executive Officer at ÅAC Microtec AB (publ) since May 7, 2019. Mr. Gomes has been Commercial Director at Surrey Satellite Technology Limited since October 7, 2016 and served as its Director of Earth Observation and Science until October 7, 2016. Mr. Gomes has been a Director of Surrey Satellite Technology Limited until October 7, 2016. He holds a degree in Applied Physics from the University of Lisbon and an MSc in Satellite Engineering from the University of Surrey.

CEO Compensation
  • Insufficient data for Luis to compare compensation growth.
  • Insufficient data for Luis to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the ÅAC Microtec management team in years:

3.5
Average Tenure
42.5
Average Age
  • The tenure for the ÅAC Microtec management team is about average.
Management Team

Mats Thideman

TITLE
Chief Financial Officer & Executive VP
COMPENSATION
SEK1M
AGE
56

Luis Gomes

TITLE
Chief Executive Officer
TENURE
0.2 yrs

Andrew Strain

TITLE
Chief Technology Officer
AGE
38
TENURE
0.5 yrs

Mattias Örth

TITLE
Head of the Project Department
AGE
38
TENURE
7.5 yrs

Stefan Stralsjo

TITLE
Chief Development Officer
AGE
47
TENURE
6.5 yrs

Dan Ohlsson

TITLE
Head of the Quality Control
AGE
39

Craig Clark

TITLE
CSO & CEO of AAC Microtec North America Inc.
AGE
46
Board of Directors Tenure

Average tenure and age of the ÅAC Microtec board of directors in years:

3.3
Average Tenure
57
Average Age
  • The tenure for the ÅAC Microtec board of directors is about average.
Board of Directors

Rolf Hallencreutz

TITLE
Chairman of the Board
COMPENSATION
SEK1M
AGE
69

Per Aniansson

TITLE
Director
AGE
53
TENURE
5.3 yrs

Per Danielsson

TITLE
Director
COMPENSATION
SEK110K
AGE
57
TENURE
5.1 yrs

Will Whitehorn

TITLE
Non-Executive Director
AGE
59
TENURE
1.5 yrs

Anita Bernie

TITLE
Director
AGE
49
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
21. Dec 18 Buy Rolf Hallencreutz Individual 21. Dec 18 21. Dec 18 30,000 SEK3.48 SEK104,400
X
Management checks
We assess ÅAC Microtec'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. ÅAC Microtec 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

What Kind Of Shareholder Owns Most ÅAC Microtec AB (publ) (STO:AAC) Stock?

See our latest analysis for ÅAC Microtec OM:AAC Ownership Summary, June 18th 2019 What Does The Institutional Ownership Tell Us About ÅAC Microtec? … We can see that ÅAC Microtec does have institutional investors; and they hold 8.2% of the stock. … Insider Ownership Of ÅAC Microtec The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

ÅAC Microtec (STO:AAC) Shareholders Received A Total Return Of -18% In The Last Year

Investors in ÅAC Microtec AB (publ) (STO:AAC) have tasted that bitter downside in the last year, as the share price dropped 29%. … See our latest analysis for ÅAC Microtec Given that ÅAC Microtec didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … ÅAC Microtec hasn't been paying dividends, but its TSR of -18% exceeds its share price return of -29%, implying it has either spun-off a business, or raised capital at a discount; thereby providing additional value to shareholders.

Simply Wall St -

ÅAC Microtec AB (publ) (STO:AAC) Insiders Increased Their Holdings

So before you buy or sell ÅAC Microtec AB (publ) (STO:AAC), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … ÅAC Microtec Insider Transactions Over The Last Year

Simply Wall St -

ÅAC Microtec AB (publ)'s (STO:AAC) Shift From Loss To Profit

ÅAC Microtec AB (publ)'s (STO:AAC):. … ÅAC Microtec AB (publ) primarily provides products and services to the small satellite market in Sweden, the United Kingdom, and the United States. … See our latest analysis for ÅAC Microtec

Simply Wall St -

Does ÅAC Microtec AB (publ) (STO:AAC) Have A High Beta?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Do Directors Own ÅAC Microtec AB (publ) (STO:AAC) Shares?

Every investor in ÅAC Microtec AB (publ) (STO:AAC) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … ÅAC Microtec is a smaller company with a market capitalization of kr245m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Many Insiders Bought ÅAC Microtec AB (publ) (STO:AAC) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. … ÅAC Microtec Insider Transactions Over The Last Year

Simply Wall St -

ÅAC Microtec AB (publ) (STO:AAC): Is Breakeven Near?

ÅAC Microtec AB (publ)'s (STO:AAC):. … ÅAC Microtec AB (publ) primarily provides products and services to the small satellite market in Sweden, the United Kingdom, and the United States. … The company’s loss has recently broadened since it announced a -kr27.1m loss in the full financial year, compared to the latest trailing-twelve-month loss of -kr52.2m, moving it further away from breakeven?

Simply Wall St -

What Kind Of Shareholders Own ÅAC Microtec AB (publ) (STO:AAC)?

Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that. … See our latest analysis for ÅAC Microtec

Simply Wall St -

ÅAC Microtec AB (publ) (OM:AAC): Are Analysts Optimistic?

ÅAC Microtec AB (publ) primarily provides space solutions and systems for commercial, governmental, and educational customers in Sweden and the United States. … With the latest financial year loss of -kr27.10m and a trailing-twelve month of -kr34.26m, the kr444.61m market-cap amplifies its loss by moving further away from its breakeven target. … I’ve put together a brief outline of industry analyst expectations for AAC, its year of breakeven and its implied growth rate

Simply Wall St -

Company Info

Description

ÅAC Microtec AB (publ) primarily provides products and services to the small satellite market in Sweden, the United Kingdom, and the United States. It offers microelectronics systems, and technology services and support. The company’s products include InnoSat, a spacecraft platform; nano, micro, and mini power conditioning and distribution units; and Bluestone, a satellite data management system that stores data onboard and selectively downloads data. Its products also comprise avionics products, such as Sirius OBC, an on-board computer system; Sirius TCM, a memory module with telemetry and telecommand functionality; and Sirius C&DH, a command and data handling system that comprises Sirius OBC computers and a Sirius TCM memory module. In addition, the company offers mission planning and mission support, equipment customization, custom equipment design, and qualification support services. It serves commercial, governmental, and educational customers. The company was founded in 2005 and is headquartered in Uppsala, Sweden.

Details
Name: ÅAC Microtec AB (publ)
AAC
Exchange: OM
Founded: 2005
SEK390,603,505
96,207,760
Website: http://www.aaerospace.com
Address: ÅAC Microtec AB (publ)
Uppsala Science Park,
Dag Hammarskjölds väg 48,
Uppsala,
Uppsala County, 751 83,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AAC Share Capital OMX Nordic Exchange Stockholm SE SEK 21. Dec 2016
OTCPK ACCM.F Share Capital Pink Sheets LLC US USD 21. Dec 2016
DB MKC Share Capital Deutsche Boerse AG DE EUR 21. Dec 2016
Number of employees
Current staff
Staff numbers
0
ÅAC Microtec employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 22:04
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/08
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.