OM:ABSO

Stock Analysis Report

Executive Summary

Absolent Group AB (publ) develops, manufactures, and sells filtration technology worldwide.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ABSO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

13.3%

ABSO

2.3%

SE Building

-1.5%

SE Market


1 Year Return

92.5%

ABSO

40.6%

SE Building

18.6%

SE Market

Return vs Industry: ABSO exceeded the Swedish Building industry which returned 40.6% over the past year.

Return vs Market: ABSO exceeded the Swedish Market which returned 18.6% over the past year.


Shareholder returns

ABSOIndustryMarket
7 Day13.3%2.3%-1.5%
30 Day0%4.8%0.6%
90 Day-11.6%12.9%10.1%
1 Year93.2%92.5%43.0%40.6%23.7%18.6%
3 Year273.6%267.1%54.6%47.0%34.4%13.9%
5 Year235.9%227.1%97.6%83.0%55.1%21.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

54.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ABSO (SEK435) is trading above our estimate of fair value (SEK71.45)

Significantly Below Fair Value: ABSO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ABSO is poor value based on its PE Ratio (54.5x) compared to the Building industry average (18.6x).

PE vs Market: ABSO is poor value based on its PE Ratio (54.5x) compared to the Swedish market (18.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ABSO is overvalued based on its PB Ratio (11.6x) compared to the SE Building industry average (2.5x).


Next Steps

Future Growth

How is Absolent Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Absolent Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Absolent Group performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ABSO has high quality earnings.

Growing Profit Margin: ABSO's current net profit margins (10.3%) are lower than last year (14.8%).


Past Earnings Growth Analysis

Earnings Trend: ABSO's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: ABSO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ABSO had negative earnings growth (-3.5%) over the past year, making it difficult to compare to the Building industry average (23.1%).


Return on Equity

High ROE: ABSO's Return on Equity (21.2%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Absolent Group's financial position?


Financial Position Analysis

Short Term Liabilities: ABSO's short term assets (SEK505.7M) exceeds its short term liabilities (SEK198.5M)

Long Term Liabilities: ABSO's short term assets (SEK505.7M) exceeds its long term liabilities (411.1M)


Debt to Equity History and Analysis

Debt Level: ABSO's debt to equity ratio (72.2%) is considered high.

Reducing Debt: ABSO's debt to equity ratio has increased from 50.9% to 72.2% over the past 5 years.

Debt Coverage: ABSO's debt is well covered by operating cash flow (35.4%).

Interest Coverage: ABSO's interest payments on its debt are well covered by EBIT (42.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: ABSO's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

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

0.34%

Current Dividend Yield


Dividend Yield vs Market

company0.3%marketbottom25%1.7%markettop25%4.9%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: ABSO's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.7%).

High Dividend: ABSO's dividend (0.34%) is low compared to the top 25% of dividend payers in the Swedish market (4.87%).


Stability and Growth of Payments

Stable Dividend: ABSO is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: ABSO is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Axel Berntsson (39yo)

1.8yrs

Tenure

0

Mr. Axel Berntsson is the Chief Executive Officer of Absolent Group AB (publ). 


Management Age and Tenure

1.3yrs

Average Tenure

44yo

Average Age

Experienced Management: ABSO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

8.8yrs

Average Tenure

58yo

Average Age

Experienced Board: ABSO's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • James Stansfield (45yo)

    Chief Executive Officer of Filtermist

    • Tenure: 7.8yrs
  • Jan Berntsson (59yo)

    Chief Technology Officer

    • Tenure: 1.3yrs
  • Axel Berntsson (39yo)

    Chief Executive Officer

    • Tenure: 1.8yrs
  • Anna Akerblad (44yo)

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Mattias Nurman (41yo)

    Chief Information Officer

    • Tenure: 0.8yrs

Board Members

  • Mikael Ekdahl (68yo)

    Chairman of The Board

    • Tenure: 12.8yrs
  • Joakim Westh (58yo)

    Director

    • Tenure: 25.8yrs
  • Johan Westman (46yo)

    Director

    • Tenure: 2.8yrs
  • Märta Andreen (35yo)

    Director

    • Tenure: 2.8yrs
  • Per-Axel Fagerholm (74yo)

    Director

    • Tenure: 8.8yrs

Company Information

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


Key Information

  • Name: Absolent Group AB (publ)
  • Ticker: ABSO
  • Exchange: OM
  • Founded:
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr4.925b
  • Shares outstanding: 11.32m
  • Website: https://www.absolentgroup.se

Location

  • Absolent Group AB (publ)
  • Kartåsgatan 1
  • Lidköping
  • Västra Götaland County
  • 531 40
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ABSOOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKOct 2014

Biography

Absolent Group AB (publ) develops, manufactures, and sells filtration technology worldwide. It offers air cleaning equipment for maintaining clean air in workshops and manufacturing facilities. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 21:53
End of Day Share Price2019/11/22 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.