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ASSA

ASSA ABLOYOM:ASSA B Stock Report

Last Price

kr258.00

Market Cap

kr286.6b

7D

-3.7%

1Y

23.3%

Updated

18 Jan, 2022

Data

Company Financials +
ASSA B fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends5/6

ASSA B Stock Overview

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.

Rewards

Earnings are forecast to grow 13.59% per year

Pays a reliable dividend of 1.51%

Risk Analysis

No risks detected for ASSA B from our risk checks.

ASSA ABLOY Competitors

Siemens

XTRA:SIE

€114.3b

Hangzhou Hikvision Digital Technology

SZSE:002415

CN¥468.3b

Johnson Controls International

NYSE:JCI

US$52.6b

Carrier Global

NYSE:CARR

US$43.0b

Price History & Performance

Summary of all time highs, changes and price drops for ASSA ABLOY
Historical stock prices
Current Share Pricekr258.00
52 Week Highkr290.60
52 Week Lowkr207.00
Beta0.60
1 Month Change-3.01%
3 Month Change2.58%
1 Year Change23.33%
3 Year Change54.49%
5 Year Change54.86%
Change since IPO12,041.20%

Recent News & Updates

Jan 03
Calculating The Intrinsic Value Of ASSA ABLOY AB (publ) (STO:ASSA B)

Calculating The Intrinsic Value Of ASSA ABLOY AB (publ) (STO:ASSA B)

In this article we are going to estimate the intrinsic value of ASSA ABLOY AB (publ) ( STO:ASSA B ) by taking the...

Nov 06
We Think ASSA ABLOY (STO:ASSA B) Can Stay On Top Of Its Debt

We Think ASSA ABLOY (STO:ASSA B) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Oct 21
ASSA ABLOY's (STO:ASSA B) Upcoming Dividend Will Be Larger Than Last Year's

ASSA ABLOY's (STO:ASSA B) Upcoming Dividend Will Be Larger Than Last Year's

ASSA ABLOY AB (publ) ( STO:ASSA B ) will increase its dividend on the 26th of November to kr1.95. This takes the...

Shareholder Returns

ASSA BSE BuildingSE Market
7D-3.7%-6.6%-3.8%
1Y23.3%28.4%17.8%

Return vs Industry: ASSA B underperformed the Swedish Building industry which returned 31.7% over the past year.

Return vs Market: ASSA B exceeded the Swedish Market which returned 20.1% over the past year.

Price Volatility

Is ASSA B's price volatile compared to industry and market?
ASSA B volatility
ASSA B Average Weekly Movement3.3%
Building Industry Average Movement5.8%
Market Average Movement6.8%
10% most volatile stocks in SE Market11.7%
10% least volatile stocks in SE Market3.8%

Stable Share Price: ASSA B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ASSA B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195450,946Nico Delvauxhttps://www.assaabloy.com

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. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, and fire doors, as well as hardware products. It also provides identity solutions, including identity and access management, biometrics, authenticity and brand protection products, contactless RFID tags and transponders, and government IDs to companies, and government and state institutions, as well as healthcare, education, and financial industries; and secure access solutions for hotels, cruise ships, student accommodations, and elderly care facilities.

ASSA ABLOY Fundamentals Summary

How do ASSA ABLOY's earnings and revenue compare to its market cap?
ASSA B fundamental statistics
Market Capkr286.58b
Earnings (TTM)kr9.33b
Revenue (TTM)kr92.68b

30.7x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASSA B income statement (TTM)
Revenuekr92.68b
Cost of Revenuekr56.32b
Gross Profitkr36.36b
Expenseskr27.03b
Earningskr9.33b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 04, 2022

Earnings per share (EPS)8.40
Gross Margin39.23%
Net Profit Margin10.07%
Debt/Equity Ratio37.9%

How did ASSA B perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

46%

Payout Ratio

Valuation

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

30.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ASSA B (SEK258) is trading above our estimate of fair value (SEK250.64)

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


Price To Earnings Ratio

PE vs Industry: ASSA B is poor value based on its PE Ratio (30.7x) compared to the Swedish Building industry average (24.5x).

PE vs Market: ASSA B is poor value based on its PE Ratio (30.7x) compared to the Swedish market (22.7x).


Price to Earnings Growth Ratio

PEG Ratio: ASSA B is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: ASSA B is good value based on its PB Ratio (4.3x) compared to the SE Building industry average (4.5x).


Future Growth

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

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASSA B's forecast earnings growth (13.6% per year) is above the savings rate (0.3%).

Earnings vs Market: ASSA B's earnings (13.6% per year) are forecast to grow faster than the Swedish market (4.2% per year).

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

Revenue vs Market: ASSA B's revenue (8.6% per year) is forecast to grow faster than the Swedish market (5.1% per year).

High Growth Revenue: ASSA B's revenue (8.6% 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 (17.2%).


Past Performance

How has ASSA ABLOY performed over the past 5 years?

10.3%

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 (10.1%) are lower than last year (11.4%).


Past Earnings Growth Analysis

Earnings Trend: ASSA B's earnings have grown by 10.3% per year over the past 5 years.

Accelerating Growth: ASSA B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASSA B had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Building industry average (56.3%).


Return on Equity

High ROE: ASSA B's Return on Equity (13.9%) is considered low.


Financial Health

How is ASSA ABLOY's financial position?


Financial Position Analysis

Short Term Liabilities: ASSA B's short term assets (SEK38.8B) exceed its short term liabilities (SEK31.2B).

Long Term Liabilities: ASSA B's short term assets (SEK38.8B) exceed its long term liabilities (SEK28.8B).


Debt to Equity History and Analysis

Debt Level: ASSA B's net debt to equity ratio (29%) is considered satisfactory.

Reducing Debt: ASSA B's debt to equity ratio has reduced from 50.7% to 37.9% over the past 5 years.

Debt Coverage: ASSA B's debt is well covered by operating cash flow (57.5%).

Interest Coverage: ASSA B's interest payments on its debt are well covered by EBIT (21.6x coverage).


Balance Sheet


Dividend

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

1.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASSA B's dividend (1.51%) is higher than the bottom 25% of dividend payers in the Swedish market (0.96%).

High Dividend: ASSA B's dividend (1.51%) is low compared to the top 25% of dividend payers in the Swedish market (3.32%).


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 (46.4%), 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 (40.2% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Nico Delvaux (55 yo)

3.83yrs

Tenure

kr34,819,000

Compensation

Mr. Nico Delvaux has been President, Chief Executive Officer and Head of Global Technologies Division at ASSA ABLOY AB (publ) since March 15, 2018. Mr. Delvaux served as Chief Executive Officer and Preside...


CEO Compensation Analysis

Compensation vs Market: Nico's total compensation ($USD3.82M) is above average for companies of similar size in the Swedish market ($USD2.31M).

Compensation vs Earnings: Nico's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASSA B's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: ASSA B's board of directors are considered experienced (5 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 employee growth, exchange listings and data sources


Key Information

  • Name: ASSA ABLOY AB (publ)
  • Ticker: ASSA B
  • Exchange: OM
  • Founded: 1954
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: kr286.580b
  • Shares outstanding: 1.11b
  • Website: https://www.assaabloy.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 21:11
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.