OM:AGES B

Stock Analysis Report

Executive Summary

AGES Industri AB (publ) engages in the die casting, machining, welding, and assembly of precision components.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has AGES Industri's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGES B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.9%

AGES B

10.1%

SE Machinery

7.4%

SE Market


1 Year Return

-56.8%

AGES B

-4.5%

SE Machinery

-8.2%

SE Market

Return vs Industry: AGES B underperformed the Swedish Machinery industry which returned -4.5% over the past year.

Return vs Market: AGES B underperformed the Swedish Market which returned -8.2% over the past year.


Shareholder returns

AGES BIndustryMarket
7 Day11.9%10.1%7.4%
30 Day-22.7%-12.0%-14.3%
90 Day-36.7%-20.1%-19.4%
1 Year-55.7%-56.8%-1.3%-4.5%-5.5%-8.2%
3 Year-74.3%-76.0%15.0%-3.6%4.9%-10.6%
5 Year-74.1%-77.4%39.4%9.6%11.9%-11.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is AGES Industri undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGES B (SEK30) is trading below our estimate of fair value (SEK121.47)

Significantly Below Fair Value: AGES B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGES B is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: AGES B is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AGES B is good value based on its PB Ratio (0.6x) compared to the SE Machinery industry average (2.6x).


Next Steps

Future Growth

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

4.0%

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 AGES Industri 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 AGES Industri performed over the past 5 years?

-34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGES B is currently unprofitable.

Growing Profit Margin: AGES B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGES B is unprofitable, and losses have increased over the past 5 years at a rate of -34.7% per year.

Accelerating Growth: Unable to compare AGES B's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AGES B is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-2.5%).


Return on Equity

High ROE: AGES B has a negative Return on Equity (-37.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is AGES Industri's financial position?


Financial Position Analysis

Short Term Liabilities: AGES B's short term assets (SEK312.0M) do not cover its short term liabilities (SEK365.0M).

Long Term Liabilities: AGES B's short term assets (SEK312.0M) exceed its long term liabilities (SEK211.0M).


Debt to Equity History and Analysis

Debt Level: AGES B's debt to equity ratio (47.2%) is considered high.

Reducing Debt: AGES B's debt to equity ratio has reduced from 79.2% to 47.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: AGES B's debt is covered by short term assets (assets are 2x debt).


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.

Stable Cash Runway: AGES B has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: AGES B has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is AGES Industri's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AGES B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AGES B's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AGES B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AGES B's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average board tenure


CEO

Anders Magnusson (51yo)

1.42s

Tenure

Mr. Anders Magnusson is Chief Executive Officer at AGES Industri AB (publ) since September 11, 2018. Prior to joining the company he was Founder, owner and CEO at Hörle Automatic Group AB. 


Board Members

NamePositionTenureCompensationOwnership
Fredrik Rapp
Independent Director7.17yrskr130.00kno data
Anna Benjamin
Independent Director5.17yrskr130.00k28.74% SEK60.6m
Petter Fägersten
Independent Director4.17yrskr120.00k2.14% SEK4.5m
Tommy Gunnarsson
Independent Director7.17yrskr120.00kno data
Stefan Jonsson
Chairman of the Board2.17yrskr320.00kno data
Håkan Lindor
Independent Director2.17yrskr120.00kno data

4.7yrs

Average Tenure

51.5yo

Average Age

Experienced Board: AGES B's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AGES B insiders have bought more shares than they have sold 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

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


Key Information

  • Name: AGES Industri AB (publ)
  • Ticker: AGES B
  • Exchange: OM
  • Founded:
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: kr210.869m
  • Shares outstanding: 7.03m
  • Website: https://www.ages.se

Number of Employees


Location

  • AGES Industri AB (publ)
  • Kristian IV:s väg 3
  • Apt. 13
  • Halmstad
  • Halland County
  • 302 50
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGES BOM (OMX Nordic Exchange Stockholm)YesB SharesSESEKMay 2014

Biography

AGES Industri AB (publ) engages in the die casting, machining, welding, and assembly of precision components. The company engages in the die casting of aluminum; machining of materials, such as stainless steel, brass, iron, and aluminum; manufacturing of tools for die casting of aluminum; and rheocasting, a semi-solid casting process. It primarily serves automotive, industrial, infrastructure, engineering, electronics, and construction industries in Sweden, Belgium, North America, Poland, France, and internationally. The company is headquartered in Halmstad, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 22:29
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.