COIC Stock Overview
Concentric AB (publ) designs, develops, manufactures, and distributes solutions for engine and hydraulic applications in the worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr168.80|
|52 Week High||kr316.00|
|52 Week Low||kr161.00|
|1 Month Change||-13.53%|
|3 Month Change||-7.56%|
|1 Year Change||-0.35%|
|3 Year Change||41.37%|
|5 Year Change||22.32%|
|Change since IPO||366.30%|
Recent News & Updates
Concentric (STO:COIC) Has A Rock Solid Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Should You Be Adding Concentric (STO:COIC) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
|COIC||SE Machinery||SE Market|
Return vs Industry: COIC exceeded the Swedish Machinery industry which returned -24.8% over the past year.
Return vs Market: COIC exceeded the Swedish Market which returned -30.2% over the past year.
|COIC Average Weekly Movement||5.9%|
|Machinery Industry Average Movement||5.8%|
|Market Average Movement||6.9%|
|10% most volatile stocks in SE Market||11.7%|
|10% least volatile stocks in SE Market||4.3%|
Stable Share Price: COIC is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: COIC's weekly volatility (6%) has been stable over the past year.
About the Company
Concentric AB (publ) designs, develops, manufactures, and distributes solutions for engine and hydraulic applications in the worldwide. Its engine products include lubricant, coolant, and fuel transfer pumps uel pumps for medium and heavy-duty diesel engines, transmissions, and compressors. The company's hydraulic products comprise gear products including pumps, motors, power packs, and flow dividers for mobile equipment.
Concentric Fundamentals Summary
|COIC fundamental statistics|
Is COIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|COIC income statement (TTM)|
|Cost of Revenue||kr2.31b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 02, 2022
|Earnings per share (EPS)||11.72|
|Net Profit Margin||14.06%|
How did COIC perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is COIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for COIC?
Other financial metrics that can be useful for relative valuation.
|What is COIC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does COIC's PE Ratio compare to its peers?
|COIC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ENGCON B engcon
VBG B VBG Group
EPI A Epiroc
BEIA B Beijer Alma
Price-To-Earnings vs Peers: COIC is good value based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (20.6x).
Price to Earnings Ratio vs Industry
How does COIC's PE Ratio compare vs other companies in the SE Machinery Industry?
Price-To-Earnings vs Industry: COIC is good value based on its Price-To-Earnings Ratio (14.4x) compared to the Swedish Machinery industry average (15.7x)
Price to Earnings Ratio vs Fair Ratio
What is COIC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||14.4x|
|Fair PE Ratio||18.4x|
Price-To-Earnings vs Fair Ratio: COIC is good value based on its Price-To-Earnings Ratio (14.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).
Share Price vs Fair Value
What is the Fair Price of COIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: COIC (SEK168.8) is trading below our estimate of fair value (SEK366.1)
Significantly Below Fair Value: COIC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Concentric forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COIC's forecast earnings growth (6.5% per year) is above the savings rate (0.4%).
Earnings vs Market: COIC's earnings (6.5% per year) are forecast to grow slower than the Swedish market (16.5% per year).
High Growth Earnings: COIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: COIC's revenue (7.9% per year) is forecast to grow slower than the Swedish market (10.6% per year).
High Growth Revenue: COIC's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COIC's Return on Equity is forecast to be high in 3 years time (24.2%)
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How has Concentric performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COIC has high quality earnings.
Growing Profit Margin: COIC's current net profit margins (14.1%) are lower than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: COIC's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: COIC's earnings growth over the past year (56.1%) exceeds its 5-year average (0.2% per year).
Earnings vs Industry: COIC earnings growth over the past year (56.1%) exceeded the Machinery industry 23.3%.
Return on Equity
High ROE: COIC's Return on Equity (22.9%) is considered high.
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How is Concentric's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: COIC's short term assets (SEK1.5B) exceed its short term liabilities (SEK1.1B).
Long Term Liabilities: COIC's short term assets (SEK1.5B) exceed its long term liabilities (SEK1.2B).
Debt to Equity History and Analysis
Debt Level: COIC's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: COIC's debt to equity ratio has increased from 22.2% to 62.5% over the past 5 years.
Debt Coverage: COIC's debt is well covered by operating cash flow (22.9%).
Interest Coverage: COIC's interest payments on its debt are well covered by EBIT (30.9x coverage).
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What is Concentric current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Concentric Dividend Yield vs Market|
|Market Bottom 25% (SE)||1.9%|
|Market Top 25% (SE)||6.1%|
|Industry Average (Machinery)||2.7%|
|Analyst forecast in 3 Years (Concentric)||2.5%|
Notable Dividend: COIC's dividend (2.22%) is higher than the bottom 25% of dividend payers in the Swedish market (1.88%).
High Dividend: COIC's dividend (2.22%) is low compared to the top 25% of dividend payers in the Swedish market (6.13%).
Stability and Growth of Payments
Stable Dividend: COIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: COIC's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32%), COIC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (59.8%), COIC's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Martin Kunz (57 yo)
Mr. Martin Kunz is President & Chief Executive Officer of Concentric AB (publ) from March 01, 2022. He has worked out of multiple countries such as Germany, Spain, Mexico, France, the UK and Switzerland an...
Experienced Management: COIC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: COIC's board of directors are considered experienced (5.7 years average tenure).
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
|05 May 22||Buykr197,000||Joachim Rosenberg||Individual||1,000||kr197.00|
|15 Feb 22||Buykr245,021||David Woolley||Individual||1,025||kr239.04|
|01 Nov 21||Buykr412,515||Anders Nielsen||Individual||1,600||kr257.82|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Concentric AB (publ)'s employee growth, exchange listings and data sources
- Name: Concentric AB (publ)
- Ticker: COIC
- Exchange: OM
- Founded: 1921
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Implied Market Cap: kr6.411b
- Shares outstanding: 37.98m
- Website: https://www.concentricab.com
Number of Employees
- Concentric AB (publ)
- Agatan 39
- Östergötland County
- 582 22
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COIC||OM (OMX Nordic Exchange Stockholm)||Yes||Ordinary Shares||SE||SEK||Jun 2011|
|0P4X||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||SEK||Jun 2011|
|CCNT.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2011|
|COICs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||SEK||Jun 2011|
|2DN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2011|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 00:00|
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.