OM:ASSA B

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Executive Summary

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. More Details


Snowflake Analysis

Solid track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has ASSA ABLOY's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASSA B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.5%

ASSA B

-6.7%

SE Building

-4.2%

SE Market


1 Year Return

-13.2%

ASSA B

6.6%

SE Building

9.5%

SE Market

Return vs Industry: ASSA B underperformed the Swedish Building industry which returned 12.5% over the past year.

Return vs Market: ASSA B underperformed the Swedish Market which returned 13.4% over the past year.


Shareholder returns

ASSA BIndustryMarket
7 Day-6.5%-6.7%-4.2%
30 Day-4.0%-3.0%-0.8%
90 Day-0.4%1.7%3.6%
1 Year-12.3%-13.2%7.5%6.6%11.5%9.5%
3 Year18.1%12.8%44.9%38.2%27.5%13.8%
5 Year25.9%16.6%62.4%49.9%54.0%24.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ASSA ABLOY undervalued compared to its fair value and its price relative to the market?

21.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASSA B (SEK198.95) is trading above our estimate of fair value (SEK184.8)

Significantly Below Fair Value: ASSA B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ASSA B is good value based on its PE Ratio (21.6x) compared to the SE Building industry average (23.1x).

PE vs Market: ASSA B is good value based on its PE Ratio (21.6x) compared to the Swedish market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: ASSA B is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: ASSA B is overvalued based on its PB Ratio (3.6x) compared to the SE Building industry average (3.2x).


Next Steps

Future Growth

How is ASSA ABLOY forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASSA B's forecast earnings growth (8.5% per year) is above the savings rate (0.5%).

Earnings vs Market: ASSA B's earnings (8.5% per year) are forecast to grow slower than the Swedish market (12.5% per year).

High Growth Earnings: ASSA B's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASSA B's revenue (4.9% per year) is forecast to grow faster than the Swedish market (3.2% per year).

High Growth Revenue: ASSA B's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASSA B's Return on Equity is forecast to be low in 3 years time (15.4%).


Next Steps

Past Performance

How has ASSA ABLOY performed over the past 5 years?

3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASSA B has high quality earnings.

Growing Profit Margin: ASSA B's current net profit margins (11.4%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: ASSA B's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: ASSA B's earnings growth over the past year (12.1%) exceeds its 5-year average (3% per year).

Earnings vs Industry: ASSA B earnings growth over the past year (12.1%) exceeded the Building industry 3.8%.


Return on Equity

High ROE: ASSA B's Return on Equity (16.4%) is considered low.


Next Steps

Financial Health

How is ASSA ABLOY's financial position?


Financial Position Analysis

Short Term Liabilities: ASSA B's short term assets (SEK36.8B) exceed its short term liabilities (SEK30.1B).

Long Term Liabilities: ASSA B's short term assets (SEK36.8B) exceed its long term liabilities (SEK36.1B).


Debt to Equity History and Analysis

Debt Level: ASSA B's debt to equity ratio (52.1%) is considered high.

Reducing Debt: ASSA B's debt to equity ratio has reduced from 57.2% to 52.1% over the past 5 years.

Debt Coverage: ASSA B's debt is well covered by operating cash flow (38.7%).

Interest Coverage: ASSA B's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


Next Steps

Dividend

What is ASSA ABLOY current dividend yield, its reliability and sustainability?

1.93%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: ASSA B's dividend (1.94%) is higher than the bottom 25% of dividend payers in the Swedish market (1.22%).

High Dividend: ASSA B's dividend (1.94%) is low compared to the top 25% of dividend payers in the Swedish market (4.13%).


Stability and Growth of Payments

Stable Dividend: ASSA B's dividends per share have been stable in the past 10 years.

Growing Dividend: ASSA B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.9%), ASSA B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASSA B's dividends in 3 years are forecast to be well covered by earnings (40.9% payout ratio).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Nico Delvaux (54 yo)

2.58yrs

Tenure

kr42,558,000

Compensation

Mr. Nico Delvaux has been President, Chief Executive Officer and Head of Global Technologies Division of Assa Abloy AB since March 15, 2018. Mr. Delvaux served as Chief Executive Officer and President at M ...


CEO Compensation Analysis

Compensation vs Market: Nico's total compensation ($USD4.87M) is above average for companies of similar size in the Swedish market ($USD1.90M).

Compensation vs Earnings: Nico's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Nico Delvaux
President2.58yrskr42.56m0.0090%
SEK 20.6m
Erik Pieder
Executive VP & CFO1.75yrsno data0.00026%
SEK 595.5k
David Simonsson
Chief Operating Officerno datano datano data
Johan Warnstrom
Chief Technology Officerno datano datano data
Björn Tibell
Head of Investor Relationsno datano datano data
Ann Holmberg
Head of Corporate Communications18.25yrsno datano data
Monica Nascimento
Director of Marketing Communicationsno datano datano data
Maria Ewerth
Executive VP & Chief Human Resources Officer6.83yrsno data0.0016%
SEK 3.7m
Christophe Sut
Executive VP & Head of Global Technologies Business Unit of Global Solutions4.25yrsno data0.00044%
SEK 1.0m
Anders Maltesen
Executive VP & Head of Asia Pacific Division3.08yrsno data0.0012%
SEK 2.7m
Mogens Jensen
Executive VP & Head of Business Segments Industrial and Residential for Entrance Systems Division2.75yrsno data0.0025%
SEK 5.6m
Lucas Boselli
Executive VP & Head of Americas Division2.5yrsno data0.0027%
SEK 6.2m

2.9yrs

Average Tenure

52yo

Average Age

Experienced Management: ASSA B's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Birgitta Klasén
Independent Director12.25yrskr885.00k0.0019%
SEK 4.3m
Mats Persson
Employee Representative Director26.75yrsno datano data
Carl Douglas
Independent Vice Chairman8.5yrskr900.00kno data
Lars Renström
Independent Chairman8.5yrskr2.50m0.0027%
SEK 6.2m
Jan Svensson
Independent Director8.5yrskr1.04m0.0013%
SEK 2.9m
Sofia Högberg
Independent Director3.5yrskr885.00kno data
Rune Hjälm
Employee Representative Director3.75yrsno datano data
Joakim Weidemanis
Director0.50yrno datano data
Bjarne Johansson
Employee Representative Deputy Director5.75yrsno datano data
Eva Karlsson
Independent Director5.42yrskr685.00kno data
Nadja Wikström
Employee Representative Deputy Director3.75yrsno datano data
Lena Olving
Independent Director2.5yrskr685.00k0.000050%
SEK 114.5k

5.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: ASSA B's board of directors are considered experienced (5.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

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


Key Information

  • Name: ASSA ABLOY AB (publ)
  • Ticker: ASSA B
  • Exchange: OM
  • Founded: 1994
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr229.042b
  • Shares outstanding: 1.11b
  • Website: https://www.assaabloy.com

Number of Employees


Location

  • ASSA ABLOY AB (publ)
  • Klarabergsviadukten 90
  • Stockholm
  • Stockholm County
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASAZ.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDNov 1994
ASSA BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKNov 1994
ALZCDB (Deutsche Boerse AG)YesSeries B SharesDEEURNov 1994
0R87LSE (London Stock Exchange)YesSeries B SharesGBSEKNov 1994
ASSABSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKNov 1994
0R87 NBMV (Bolsa Mexicana de Valores)YesSeries B SharesMXMXNNov 1994
ASAZ.YOTCPK (Pink Sheets LLC)ADRUSUSDApr 2008

Biography

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 20:38
End of Day Share Price2020/10/26 00:00
Earnings2020/09/30
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.