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Absolent Group

OM:ABSO
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABSO
OM
SEK4B
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

Absolent Group AB (publ) develops, manufactures, and sells filtration technology worldwide. The last earnings update was 49 days ago. More info.


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  • Absolent Group has significant price volatility in the past 3 months.
ABSO Share Price and Events
7 Day Returns
2.6%
OM:ABSO
0.5%
SE Building
0.5%
SE Market
1 Year Returns
196.7%
OM:ABSO
20.5%
SE Building
5%
SE Market
ABSO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Absolent Group (ABSO) 2.6% 15.8% 45.9% 196.7% 158.7% -
SE Building 0.5% 5.5% 25.3% 20.5% 30.3% 92.5%
SE Market 0.5% 2.8% 10.8% 5% 12.4% 25.2%
1 Year Return vs Industry and Market
  • ABSO outperformed the Building industry which returned 20.5% over the past year.
  • ABSO outperformed the Market in Sweden which returned 5% over the past year.
Price Volatility
ABSO
Industry
5yr Volatility vs Market

ABSO Value

 Is Absolent Group 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 Absolent Group 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 Absolent Group.

OM:ABSO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.1%
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:ABSO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.178 (1 + (1- 22%) (0.01%))
1.119
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.119 * 5.96%)
7.11%

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

The calculations below outline how an intrinsic value for Absolent Group 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:ABSO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.11%)
2019 78.19 Est @ -0.07% 73.01
2020 78.26 Est @ 0.08% 68.22
2021 78.40 Est @ 0.19% 63.81
2022 78.61 Est @ 0.26% 59.73
2023 78.85 Est @ 0.31% 55.94
2024 79.13 Est @ 0.35% 52.41
2025 79.42 Est @ 0.37% 49.12
2026 79.73 Est @ 0.39% 46.04
2027 80.06 Est @ 0.41% 43.16
2028 80.39 Est @ 0.41% 40.46
Present value of next 10 years cash flows SEK551.90
OM:ABSO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK80.39 × (1 + 0.43%) ÷ (7.11% – 0.43%)
SEK1,210.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,210.14 ÷ (1 + 7.11%)10
SEK609.12
OM:ABSO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK551.90 + SEK609.12
SEK1,161.01
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,161.01 / 11.32
SEK102.55
OM:ABSO Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK102.55
Current discount Discount to share price of SEK359.00
= -1 x (SEK359.00 - SEK102.55) / SEK102.55
-250.1%

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

  • The current share price of Absolent Group 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 Absolent Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Absolent Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:ABSO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK8.61
OM:ABSO Share Price ** OM (2019-04-18) in SEK SEK359
Sweden Building Industry PE Ratio Median Figure of 11 Publicly-Listed Building Companies 20.5x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.95x

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

** Primary Listing of Absolent Group.

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

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

= 359 ÷ 8.61

41.71x

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

  • Absolent Group is overvalued based on earnings compared to the SE Building industry average.
  • Absolent Group is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Absolent Group's expected growth come at a high price?
Raw Data
OM:ABSO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-0.1%per year
Sweden Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 1.37x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.33x

*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 Absolent Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Absolent Group's assets?
Raw Data
OM:ABSO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK31.68
OM:ABSO Share Price * OM (2019-04-18) in SEK SEK359
Sweden Building Industry PB Ratio Median Figure of 13 Publicly-Listed Building Companies 2.34x
Sweden Market PB Ratio Median Figure of 565 Publicly-Listed Companies 2.5x
OM:ABSO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 359 ÷ 31.68

11.33x

* Primary Listing of Absolent Group.

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

  • Absolent Group is overvalued based on assets compared to the SE Building industry average.
X
Value checks
We assess Absolent Group'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 Building 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 Building industry average (and greater than 0)? (1 check)
  5. Absolent Group has a total score of 0/6, 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.

ABSO Future Performance

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

  • No analysts cover Absolent Group, future earnings growth has been estimated based on fundamentals.
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
-0.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Absolent Group expected to grow at an attractive rate?
  • Absolent Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Absolent Group's earnings are expected to decrease over the next 1-3 years, this is below the Sweden market average.
  • Unable to compare Absolent Group's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:ABSO Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:ABSO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0.1%
Sweden Building Industry Earnings Growth Rate Market Cap Weighted Average 27.7%
Sweden Building Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.1%
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:ABSO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:ABSO Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 644 92 97
2018-09-30 631 105 94
2018-06-30 576 80 83
2018-03-31 521 72 70
2017-12-31 492 89 64
2017-09-30 455 70 64
2017-06-30 437 73 64
2017-03-31 429 56 66
2016-12-31 411 49 64
2016-09-30 399 55 60
2016-06-30 396 44 56
2016-03-31 398 46 57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Absolent Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Absolent Group is high growth as no revenue estimate data is available.
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:ABSO 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 0 Analyst Estimates (S&P Global) See Below

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

OM:ABSO Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 8.61
2018-09-30 8.26
2018-06-30 7.34
2018-03-31 6.21
2017-12-31 5.68
2017-09-30 5.65
2017-06-30 5.69
2017-03-31 5.81
2016-12-31 5.65
2016-09-30 5.26
2016-06-30 4.91
2016-03-31 5.02

*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.
  • Unable to establish if Absolent Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Absolent Group'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.
Absolent Group has a total score of 0/6, 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.

ABSO Past Performance

  How has Absolent Group 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 Absolent Group's growth in the last year to its industry (Building).
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.
  • Absolent Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Absolent Group's 1-year earnings growth exceeds its 5-year average (51.4% vs 28.6%)
  • Absolent Group's earnings growth has exceeded the SE Building industry average in the past year (51.4% vs 11.1%).
Earnings and Revenue History
Absolent Group'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 Absolent Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ABSO Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 643.76 97.43 164.33 14.10
2018-09-30 631.00 93.57 158.94 13.13
2018-06-30 576.18 83.09 147.46 12.17
2018-03-31 521.45 70.27 134.28 11.55
2017-12-31 491.53 64.36 126.41 10.51
2017-09-30 455.07 63.97 116.32 11.09
2017-06-30 437.34 64.44 109.61 10.42
2017-03-31 429.41 65.79 103.70 9.45
2016-12-31 411.45 63.92 99.29 9.12
2016-09-30 398.75 59.51 88.62 9.31
2016-06-30 396.44 55.63 90.39 9.29
2016-03-31 397.51 56.83 90.38 9.32
2015-12-31 399.13 57.15 89.89 9.15
2015-09-30 370.29 47.48 175.69 6.75
2015-06-30 348.19 44.17 150.83 4.59
2015-03-31 313.86 32.46 127.06 2.20
2014-12-31 272.47 20.64 103.55
2014-09-30 255.45 19.49 77.29
2014-06-30 240.98 18.69 77.29
2014-03-31 223.59 18.38 77.29
2013-12-31 209.22 16.79 77.29
2012-12-31 189.82 10.41 68.81

*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.
  • Absolent Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Absolent Group used its assets more efficiently than the SE Building industry average last year based on Return on Assets.
  • Absolent Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Absolent Group'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 Building 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.
Absolent Group has a total score of 5/6, 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.

ABSO Health

 How is Absolent Group'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 Absolent Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Absolent Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Absolent Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Absolent Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1606x 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 Absolent Group Company Filings, last reported 3 months ago.

OM:ABSO Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 358.70 0.23 172.77
2018-09-30 337.61 0.27 160.33
2018-06-30 317.98 0.30 133.04
2018-03-31 299.71 0.33 107.96
2017-12-31 265.57 0.35 105.41
2017-09-30 241.11 0.37 86.61
2017-06-30 230.39 0.39 96.86
2017-03-31 229.17 0.42 79.87
2016-12-31 213.60 0.45 63.16
2016-09-30 192.72 0.48 63.16
2016-06-30 179.93 0.50 47.21
2016-03-31 174.56 0.52 46.20
2015-12-31 165.36 1.01 38.43
2015-09-30 153.79 0.33 22.48
2015-06-30 144.95 0.67 33.40
2015-03-31 133.87 3.83 36.63
2014-12-31 104.83 9.67 44.51
2014-09-30 72.67 37.50 34.85
2014-06-30 63.05 43.33 30.95
2014-03-31 58.86 49.17 31.12
2013-12-31 55.40 53.33 31.96
2012-12-31 41.14 50.57 26.43
  • Absolent Group's level of debt (0.1%) 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 (96.1% vs 0.1% today).
  • Debt is well covered by operating cash flow (40921.8%, greater than 20% of total debt).
  • Absolent Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Absolent Group'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. Absolent Group has a total score of 6/6, 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.

ABSO Dividends

 What is Absolent Group'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
0.42%
Current annual income from Absolent Group dividends.
If you bought SEK2,000 of Absolent Group shares you are expected to receive SEK8 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?
  • Absolent Group's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
  • Absolent Group's dividend is below the markets top 25% of dividend payers in Sweden (4.3%).
Upcoming dividend payment

Purchase Absolent Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:ABSO 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 0 Analyst Estimates (S&P Global) See Below
Sweden Building Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.6%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
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:ABSO Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-28 1.500 0.454
2018-04-30 1.000 0.460
2018-02-22 1.000 0.801
2017-04-28 0.900 0.742
2017-02-22 0.900 0.719
2016-05-04 0.800 0.638
2016-02-26 0.800 0.570
2015-05-04 0.600 0.441
2015-02-25 0.600 0.467
2014-10-16 0.460 0.353

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

  • Absolent Group is not paying a notable dividend for Sweden, therefore no need to check if the payments are stable.
  • Absolent Group is not paying a notable dividend for Sweden, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Absolent Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Absolent Group's dividends as it is not paying a notable one for Sweden.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Absolent Group'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 Absolent Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Absolent Group 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.

ABSO Management

 What is the CEO of Absolent Group'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
Axel Berntsson
AGE 38
TENURE AS CEO 1.3 years
CEO Bio

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

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

Average tenure and age of the Absolent Group management team in years:

0.3
Average Tenure
58
Average Age
  • The average tenure for the Absolent Group management team is less than 2 years, this suggests a new team.
Management Team

Axel Berntsson

TITLE
Chief Executive Officer
AGE
38
TENURE
1.3 yrs

Anna Akerblad

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Jan Berntsson

TITLE
Chief Technology Officer
AGE
58
TENURE
0.8 yrs

Mattias Nurman

TITLE
Chief Information Officer
TENURE
0.3 yrs

Ola Burenius

TITLE
Group controller & IR
AGE
60
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Absolent Group board of directors in years:

12.3
Average Tenure
62
Average Age
  • The average tenure for the Absolent Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mikael Ekdahl

TITLE
Chairman of The Board
AGE
67
TENURE
12.3 yrs

Joakim Westh

TITLE
Director
AGE
57
TENURE
25.3 yrs

Per-Axel Fagerholm

TITLE
Director
AGE
73
TENURE
8.3 yrs

Märta Andreen

TITLE
Director
AGE
34
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
16. Jul 18 Buy Axel Berntsson Individual 13. Jul 18 16. Jul 18 1,091 SEK192.00 SEK205,634
X
Management checks
We assess Absolent Group'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. Absolent Group 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.

ABSO News

Simply Wall St News

Is Absolent Group AB (publ)'s (STO:ABSO) 27% ROE Better Than Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Absolent Group AB (publ) (STO:ABSO). … Absolent Group has a ROE of 27%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Should You Take Comfort From Insider Transactions At Absolent Group AB (publ) (STO:ABSO)?

So shareholders might well want to know whether insiders have been buying or selling shares in Absolent Group AB (publ) (STO:ABSO). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Absolent Group

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Absolent Group AB (publ) (STO:ABSO) Earns Among The Best Returns In Its Industry

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Should We Worry About Absolent Group AB (publ)'s (STO:ABSO) P/E Ratio?

To keep it practical, we'll show how Absolent Group AB (publ)'s (STO:ABSO) P/E ratio could help you assess the value on offer. … Absolent Group has a price to earnings ratio of 29.76, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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With 46% Earnings Growth, Did Absolent Group AB (publ) (STO:ABSO) Outperform The Industry?

Today I will assess ABSO's recent performance announced on 30 September 2018 and evaluate these figures to its longer term trend and industry movements. … How Did ABSO's Recent Performance Stack Up Against Its Past. … ABSO's trailing twelve-month earnings (from 30 September 2018) of kr94m has.

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Have Insiders Been Buying Absolent Group AB (publ) (STO:ABSO) Shares?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in Absolent Group AB (publ) (STO:ABSO). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Absolent Group AB (publ) (STO:ABSO)'s Return on Capital

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Absolent Group is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

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How Absolent Group AB (publ) (STO:ABSO) Delivered A Better ROE Than Its Industry

and want to learn about Return on Equity using a real-life example. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … See our latest analysis for Absolent Group

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Absolent Group AB (publ) (STO:ABSO): Why Return On Capital Employed Is Important

and looking to gauge the potential return on investment in Absolent Group AB (publ) (STO:ABSO). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Absolent Group is able to use capital to create earnings will help us understand your potential return.

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Has Absolent Group AB (publ) (STO:ABSO) Improved Earnings Growth In Recent Times?

Analyzing Absolent Group AB (publ)'s (STO:ABSO) track record of past performance is a valuable exercise for investors. … Today I will assess ABSO's recent performance announced on 31 March 2018 and compare these figures to its long-term trend and industry movements. … How Did ABSO's Recent Performance Stack Up Against Its Past.

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ABSO Company Info

Description

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’s products are used in CNC operations, quenching, die casting, and related applications. Absolent Group AB (publ) offers its products under the Absolent AB, Bristol, and Filtermist brands. The company is headquartered in Lidköping, Sweden. Absolent Group AB (publ) is a subsidiary of Melker Schörling AB.

Details
Name: Absolent Group AB (publ)
ABSO
Exchange: OM
Founded:
SEK4,064,227,512
11,320,968
Website: http://www.absolentgroup.se
Address: Absolent Group AB (publ)
Kartåsgatan 1,
Lidköping,
Västra Götaland County, 531 40,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ABSO Share Capital OMX Nordic Exchange Stockholm SE SEK 16. Oct 2014
Number of employees
Current staff
Staff numbers
0
Absolent Group employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:12
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.