Addtech AB (publ.)
Market Cap
kr29.6b
Last Updated
2020/08/12 21:34 UTC
Data Sources
Company Financials +
Executive Summary
Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Addtech AB (publ.)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ADDT B's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.7%
ADDT B
0.6%
SE Trade Distributors
1.7%
SE Market
1 Year Return
80.7%
ADDT B
59.0%
SE Trade Distributors
20.8%
SE Market
Return vs Industry: ADDT B exceeded the Swedish Trade Distributors industry which returned 55.8% over the past year.
Return vs Market: ADDT B exceeded the Swedish Market which returned 18.1% over the past year.
Shareholder returns
| ADDT B | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.7% | 0.6% | 1.7% |
| 30 Day | 15.9% | 15.9% | 3.3% |
| 90 Day | 46.6% | 47.0% | 24.4% |
| 1 Year | 84.1%80.7% | 60.5%59.0% | 22.6%20.8% |
| 3 Year | 197.6%179.9% | 150.8%139.2% | 31.9%17.9% |
| 5 Year | 385.9%233.9% | 289.4%228.3% | 48.0%18.6% |
Price Volatility Vs. Market
How volatile is Addtech AB (publ.)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Addtech AB (publ.) (STO:ADDT B) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
Shareholders Of Addtech AB (publ.) (STO:ADDT B) Must Be Happy With Their 292% Total Return1 month ago | Simply Wall St
If You Like EPS Growth Then Check Out Addtech AB (publ.) (STO:ADDT B) Before It's Too LateValuation
Is Addtech AB (publ.) undervalued compared to its fair value and its price relative to the market?
36.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ADDT B (SEK440.8) is trading above our estimate of fair value (SEK229.82)
Significantly Below Fair Value: ADDT B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ADDT B is poor value based on its PE Ratio (36.2x) compared to the SE Trade Distributors industry average (18.9x).
PE vs Market: ADDT B is poor value based on its PE Ratio (36.2x) compared to the Swedish market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: ADDT B is poor value based on its PEG Ratio (5.4x)
Price to Book Ratio
PB vs Industry: ADDT B is overvalued based on its PB Ratio (9.4x) compared to the SE Trade Distributors industry average (2.4x).
Next Steps
Future Growth
How is Addtech AB (publ.) forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
6.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ADDT B's forecast earnings growth (6.6% per year) is above the savings rate (0.5%).
Earnings vs Market: ADDT B's earnings (6.6% per year) are forecast to grow slower than the Swedish market (19.9% per year).
High Growth Earnings: ADDT B's earnings are forecast to grow, but not significantly.
Revenue vs Market: ADDT B's revenue (3.7% per year) is forecast to grow slower than the Swedish market (6.3% per year).
High Growth Revenue: ADDT B's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ADDT B's Return on Equity is forecast to be high in 3 years time (23.1%)
Next Steps
Past Performance
How has Addtech AB (publ.) performed over the past 5 years?
22.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ADDT B has high quality earnings.
Growing Profit Margin: ADDT B's current net profit margins (7%) are higher than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: ADDT B's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: ADDT B's earnings growth over the past year (12.6%) is below its 5-year average (22.6% per year).
Earnings vs Industry: ADDT B earnings growth over the past year (12.6%) exceeded the Trade Distributors industry 6.7%.
Return on Equity
High ROE: ADDT B's Return on Equity (26.4%) is considered high.
Next Steps
Financial Health
How is Addtech AB (publ.)'s financial position?
Financial Position Analysis
Short Term Liabilities: ADDT B's short term assets (SEK4.2B) exceed its short term liabilities (SEK3.5B).
Long Term Liabilities: ADDT B's short term assets (SEK4.2B) exceed its long term liabilities (SEK2.7B).
Debt to Equity History and Analysis
Debt Level: ADDT B's debt to equity ratio (85.1%) is considered high.
Reducing Debt: ADDT B's debt to equity ratio has increased from 34.4% to 85.1% over the past 5 years.
Debt Coverage: ADDT B's debt is well covered by operating cash flow (44.3%).
Interest Coverage: ADDT B's interest payments on its debt are well covered by EBIT (32.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Addtech AB (publ.) current dividend yield, its reliability and sustainability?
0.91%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ADDT B's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.39%).
High Dividend: ADDT B's dividend (0.91%) is low compared to the top 25% of dividend payers in the Swedish market (4.89%).
Stability and Growth of Payments
Stable Dividend: ADDT B's dividends per share have been stable in the past 10 years.
Growing Dividend: ADDT B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.9%), ADDT B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ADDT B's dividends in 3 years are forecast to be well covered by earnings (43.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Niklas Stenberg (46 yo)
2yrs
Tenure
kr8,699,000
Compensation
Mr. Niklas Stenberg serves as President & CEO at Addtech AB (publ.) since August 30, 2018. He served as Business Area Manager of Power Solutions at Addtech AB (publ) since 2015 until April 1, 2019 and serv ...
CEO Compensation Analysis
Compensation vs Market: Niklas's total compensation ($USD1.00M) is about average for companies of similar size in the Swedish market ($USD1.42M).
Compensation vs Earnings: Niklas's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2yrs | kr8.70m | 0.065% SEK 19.4m | |
| Chief Financial Officer | 2.25yrs | no data | 0.0067% SEK 2.0m | |
| Business Area Manager Power Solutions | no data | no data | 0.0058% SEK 1.7m | |
| President & Business Unit Manager of Addtech Components Sweden | no data | no data | 0.070% SEK 20.6m | |
| Business Area Controller of Components | 9.92yrs | no data | no data | |
| Business Area Manager Industrial Process | no data | no data | 0.010% SEK 3.0m |
2.3yrs
Average Tenure
47yo
Average Age
Experienced Management: ADDT B's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 4.58yrs | kr370.00k | 0.088% SEK 26.1m | |
| Independent Director | 8yrs | kr370.00k | 0.012% SEK 3.5m | |
| Independent Chairman | 19.58yrs | kr790.00k | 2.45% SEK 726.7m | |
| Independent Director | 15.58yrs | kr420.00k | 0.032% SEK 9.3m | |
| Director | 12.58yrs | kr3.74m | 0.060% SEK 17.7m | |
| Independent Director | 4.92yrs | kr370.00k | 0.029% SEK 8.6m | |
| Independent Director | 3yrs | kr370.00k | 0.015% SEK 4.4m |
8.0yrs
Average Tenure
56yo
Average Age
Experienced Board: ADDT B's board of directors are considered experienced (8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ADDT B insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Addtech AB (publ.)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Addtech AB (publ.)
- Ticker: ADDT B
- Exchange: OM
- Founded: 1906
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: kr29.646b
- Shares outstanding: 67.26m
- Website: https://www.addtech.com
Number of Employees
Location
- Addtech AB (publ.)
- Box 5112
- Stockholm
- Stockholm County
- 102 43
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ADDT B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Sep 2001 |
| 0QI7 | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Sep 2001 |
| ADDTBs | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Sep 2001 |
| AZZ1 | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Sep 2001 |
Biography
Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, and internationally. The company’s Automation segment markets and sells intelligent solutions, subsystems, a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/12 21:34 |
| End of Day Share Price | 2020/08/12 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
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.