Alfa Laval
Market Cap
kr113.4b
Last Updated
2021/03/04 20:02 UTC
Data Sources
Company Financials +
Executive Summary
Alfa Laval AB (publ) provides heat transfer, separation, and fluid handling products and solutions worldwide. More Details
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Alfa Laval's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALFA is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ALFA's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
1.7%
ALFA
0.04%
SE Machinery
1.1%
SE Market
1 Year Return
32.0%
ALFA
49.5%
SE Machinery
28.3%
SE Market
Return vs Industry: ALFA underperformed the Swedish Machinery industry which returned 48.1% over the past year.
Return vs Market: ALFA exceeded the Swedish Market which returned 27.9% over the past year.
Shareholder returns
| ALFA | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 0.04% | 1.1% |
| 30 Day | 20.2% | 5.5% | 2.6% |
| 90 Day | 23.0% | 15.8% | 10.0% |
| 1 Year | 32.0%32.0% | 50.8%49.5% | 31.3%28.3% |
| 3 Year | 44.6%38.7% | 65.7%41.1% | 56.6%37.4% |
| 5 Year | 123.9%102.9% | 191.2%135.4% | 90.6%49.7% |
Long-Term Price Volatility Vs. Market
How volatile is Alfa Laval's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Think About Buying Alfa Laval AB (publ) (STO:ALFA) Now?2 weeks ago | Simply Wall St
Is Alfa Laval AB (publ) (STO:ALFA) An Attractive Dividend Stock?1 month ago | Simply Wall St
Should You Take Comfort From Insider Transactions At Alfa Laval AB (publ) (STO:ALFA)?Valuation
Is Alfa Laval undervalued compared to its fair value and its price relative to the market?
31.91x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ALFA (SEK270.3) is trading above our estimate of fair value (SEK266.56)
Significantly Below Fair Value: ALFA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ALFA is good value based on its PE Ratio (31.9x) compared to the SE Machinery industry average (33.1x).
PE vs Market: ALFA is poor value based on its PE Ratio (31.9x) compared to the Swedish market (24x).
Price to Earnings Growth Ratio
PEG Ratio: ALFA is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: ALFA's PB Ratio (3.9x) is in line with the SE Machinery industry average.
Next Steps
Future Growth
How is Alfa Laval forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
12.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALFA's forecast earnings growth (12.5% per year) is above the savings rate (0.4%).
Earnings vs Market: ALFA's earnings (12.5% per year) are forecast to grow faster than the Swedish market (8.4% per year).
High Growth Earnings: ALFA's earnings are forecast to grow, but not significantly.
Revenue vs Market: ALFA's revenue (2.7% per year) is forecast to grow slower than the Swedish market (3.5% per year).
High Growth Revenue: ALFA's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALFA's Return on Equity is forecast to be low in 3 years time (16.4%).
Next Steps
Past Performance
How has Alfa Laval performed over the past 5 years?
12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALFA has high quality earnings.
Growing Profit Margin: ALFA's current net profit margins (8.6%) are lower than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: ALFA's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: ALFA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALFA had negative earnings growth (-35.2%) over the past year, making it difficult to compare to the Machinery industry average (-23.4%).
Return on Equity
High ROE: ALFA's Return on Equity (12.3%) is considered low.
Next Steps
Financial Health
How is Alfa Laval's financial position?
Financial Position Analysis
Short Term Liabilities: ALFA's short term assets (SEK27.6B) exceed its short term liabilities (SEK17.4B).
Long Term Liabilities: ALFA's short term assets (SEK27.6B) exceed its long term liabilities (SEK14.3B).
Debt to Equity History and Analysis
Debt Level: ALFA's debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: ALFA's debt to equity ratio has reduced from 79.4% to 31.5% over the past 5 years.
Debt Coverage: ALFA's debt is well covered by operating cash flow (84.2%).
Interest Coverage: ALFA's interest payments on its debt are well covered by EBIT (15.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Alfa Laval current dividend yield, its reliability and sustainability?
2.03%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ALFA's dividend (2.03%) is higher than the bottom 25% of dividend payers in the Swedish market (1.22%).
High Dividend: ALFA's dividend (2.03%) is low compared to the top 25% of dividend payers in the Swedish market (3.52%).
Stability and Growth of Payments
Stable Dividend: ALFA's dividend payments have been volatile in the past 10 years.
Growing Dividend: ALFA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.9%), ALFA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALFA's dividends in 3 years are forecast to be well covered by earnings (48.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Tom Erixon (60 yo)
5yrs
Tenure
kr26,592,000
Compensation
Mr. Tom Erixon serves as a Director of Boliden AB (publ) since 2013. He is President and CEO of Alfa Laval since March 1, 2016. He has been Member of the Board of Chinsay. He had served as a Managing partn...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD3.16M) is above average for companies of similar size in the Swedish market ($USD2.26M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 5yrs | kr26.59m | 0.028% SEK 31.4m | |
| Chief Financial Officer | 3.08yrs | no data | 0.0024% SEK 2.7m | |
| President of Operations Division | 4.17yrs | no data | 0.00024% SEK 272.1k | |
| Chief Information Officer | 2.92yrs | no data | no data | |
| Investor Relations Manager | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Legal Counsel & Secretary | 6.17yrs | no data | no data | |
| Vice President of Group Communications | 0.17yr | no data | no data | |
| Vice President of Corporate Development | no data | no data | no data | |
| Senior Vice President of Global Sales & Service | no data | no data | 0.0015% SEK 1.8m | |
| Senior Vice President of Human Resources | 2.58yrs | no data | no data | |
| Executive Vice President | 16.5yrs | no data | no data |
3.6yrs
Average Tenure
53.5yo
Average Age
Experienced Management: ALFA's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 8.17yrs | kr635.00k | 0.0048% SEK 5.4m | |
| Director | 0.92yr | no data | no data | |
| Director | 21.17yrs | kr635.00k | no data | |
| Director | 20.58yrs | kr585.00k | no data | |
| Independent Director | 3.17yrs | kr710.00k | 0.00095% SEK 1.1m | |
| Chairman of the Board | 0.92yr | no data | no data | |
| Employee Representative Director | 6.17yrs | no data | no data | |
| Independent Director | 1.92yrs | kr585.00k | no data | |
| Deputy Employee Representative Director | 16.17yrs | no data | no data | |
| Independent Director | 1.92yrs | kr710.00k | 0.00020% SEK 226.8k | |
| Employee Representative Director | 9.17yrs | no data | 0.000020% SEK 22.7k | |
| Employee Representative Director | 4.42yrs | no data | no data |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Board: ALFA's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ALFA 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
Alfa Laval AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alfa Laval AB (publ)
- Ticker: ALFA
- Exchange: OM
- Founded: 1883
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: kr113.379b
- Shares outstanding: 419.46m
- Website: https://www.alfalaval.com
Number of Employees
Location
- Alfa Laval AB (publ)
- Rudeboksvägen 1
- Lund
- Skåne County
- 226 55
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALFA | OM (OMX Nordic Exchange Stockholm) | Yes | Common Stock | SE | SEK | May 2002 |
| AA9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2002 |
| 0NNF | LSE (London Stock Exchange) | Yes | Common Stock | GB | SEK | May 2002 |
| ALFV.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | May 2002 |
| ALFAS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | SEK | May 2002 |
| ALFV.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 |
Biography
Alfa Laval AB (publ) provides heat transfer, separation, and fluid handling products and solutions worldwide. The company operates in five segments: Energy, Food & Water, Marine, Greenhouse, and Operations...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 20:02 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.