OM:ADDT B

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Executive Summary

Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, and internationally.


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 BIndustryMarket
7 Day5.7%0.6%1.7%
30 Day15.9%15.9%3.3%
90 Day46.6%47.0%24.4%
1 Year84.1%80.7%60.5%59.0%22.6%20.8%
3 Year197.6%179.9%150.8%139.2%31.9%17.9%
5 Year385.9%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

Valuation

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

NamePositionTenureCompensationOwnership
Niklas Stenberg
President & CEO2yrskr8.70m0.065%
SEK 19.4m
Malin Enarson
Chief Financial Officer2.25yrsno data0.0067%
SEK 2.0m
Per Lundblad
Business Area Manager Power Solutionsno datano data0.0058%
SEK 1.7m
Martin Fassl
President & Business Unit Manager of Addtech Components Swedenno datano data0.070%
SEK 20.6m
Åsa Skarbrandt
Business Area Controller of Components9.92yrsno datano data
Claus Nielsen
Business Area Manager Industrial Processno datano data0.010%
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

NamePositionTenureCompensationOwnership
Kenth Eriksson
Independent Director4.58yrskr370.00k0.088%
SEK 26.1m
Ulf Mattsson
Independent Director8yrskr370.00k0.012%
SEK 3.5m
Anders Börjesson
Independent Chairman19.58yrskr790.00k2.45%
SEK 726.7m
Eva Elmstedt
Independent Director15.58yrskr420.00k0.032%
SEK 9.3m
Johan Sjö
Director12.58yrskr3.74m0.060%
SEK 17.7m
Malin Nordesjö
Independent Director4.92yrskr370.00k0.029%
SEK 8.6m
Henrik Hedelius
Independent Director3yrskr370.00k0.015%
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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADDT BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKSep 2001
0QI7LSE (London Stock Exchange)YesClass B SharesGBSEKSep 2001
ADDTBsBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKSep 2001
AZZ1DB (Deutsche Boerse AG)YesClass B SharesDEEURSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 21:34
End of Day Share Price2020/08/12 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.