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COIC

Concentric OM:COIC Stock Report

Last Price

kr168.80

Market Cap

kr6.4b

7D

-1.1%

1Y

-0.4%

Updated

27 Sep, 2022

Data

Company Financials +
COIC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health4/6
Dividends4/6

COIC Stock Overview

Concentric AB (publ) designs, develops, manufactures, and distributes solutions for engine and hydraulic applications in the worldwide.

Concentric Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Concentric
Historical stock prices
Current Share Pricekr168.80
52 Week Highkr316.00
52 Week Lowkr161.00
Beta1.59
1 Month Change-13.53%
3 Month Change-7.56%
1 Year Change-0.35%
3 Year Change41.37%
5 Year Change22.32%
Change since IPO366.30%

Recent News & Updates

Sep 02
Concentric (STO:COIC) Has A Rock Solid Balance Sheet

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...

Aug 08
Should You Be Adding Concentric (STO:COIC) To Your Watchlist Today?

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...

Shareholder Returns

COICSE MachinerySE Market
7D-1.1%-1.6%-3.3%
1Y-0.4%-21.9%-28.2%

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.

Price Volatility

Is COIC's price volatile compared to industry and market?
COIC volatility
COIC Average Weekly Movement5.9%
Machinery Industry Average Movement5.8%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.7%
10% least volatile stocks in SE Market4.3%

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

FoundedEmployeesCEOWebsite
19211,190Martin Kunzhttps://www.concentricab.com

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

How do Concentric's earnings and revenue compare to its market cap?
COIC fundamental statistics
Market Capkr6.41b
Earnings (TTM)kr445.00m
Revenue (TTM)kr3.17b

14.4x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COIC income statement (TTM)
Revenuekr3.17b
Cost of Revenuekr2.31b
Gross Profitkr851.00m
Other Expenseskr406.00m
Earningskr445.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 02, 2022

Earnings per share (EPS)11.72
Gross Margin26.89%
Net Profit Margin14.06%
Debt/Equity Ratio62.5%

How did COIC perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

32%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is COIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

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

  • Analyst Forecast

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.

COIC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA11.9x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does COIC's PE Ratio compare to its peers?

COIC PE Ratio vs Peers
The above table shows the PE ratio for COIC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
ENGCON B engcon
35x20.2%kr10.0b
VBG B VBG Group
8.5xn/akr3.0b
EPI A Epiroc
23.7x6.2%kr176.9b
BEIA B Beijer Alma
15x7.8%kr8.6b
COIC Concentric
14.4x6.5%kr6.4b

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.

COIC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.4x
Fair PE Ratio18.4x

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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Future Growth

How is Concentric forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.5%

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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Past Performance

How has Concentric performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.2%

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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Financial Health

How is Concentric's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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Dividend

What is Concentric current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.22%

Current Dividend Yield

Dividend Yield vs Market

Concentric Dividend Yield vs Market
How does Concentric dividend yield compare to the market?
SegmentDividend Yield
Company (Concentric)2.2%
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.


Discover strong dividend paying companies

Management

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

1.0yrs

Average management tenure


CEO

Martin Kunz (57 yo)

0.50yr

Tenure

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...


Leadership Team

Experienced Management: COIC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: COIC's board of directors are considered experienced (5.7 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

OM:COIC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
05 May 22Buykr197,000Joachim RosenbergIndividual1,000kr197.00
15 Feb 22Buykr245,021David WoolleyIndividual1,025kr239.04
01 Nov 21Buykr412,515Anders NielsenIndividual1,600kr257.82

Ownership Breakdown

What is the ownership structure of COIC?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders44,8270.1%
General Public3,573,4929.4%
Institutions34,361,18190.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 87.78% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.29%
Nordea Investment Management AB
3,526,846SEK595.3m0%0.05%
8.66%
Handelsbanken Asset Management
3,290,087SEK555.4m0%0.1%
6.39%
Swedbank Robur Fonder AB
2,426,348SEK409.6m0%0.06%
5.69%
Lannebo Fonder AB
2,159,214SEK364.5m0%0.66%
5.67%
State Street Global Advisors, Inc.
2,154,331SEK363.7m0%no data
5.51%
Allianz Asset Management AG
2,091,718SEK353.1m0%0.03%
5.13%
Första AP-fonden
1,947,450SEK328.7m0%0.17%
5.08%
HSBC Global Asset Management (UK) Limited
1,927,549SEK325.4m0%0.02%
4.98%
AMF Fonder AB
1,890,527SEK319.1m0%0.1%
4.39%
AP Fonden 4
1,668,403SEK281.6m0%0.13%
3.59%
Norges Bank Investment Management
1,361,904SEK229.9m0%no data
3.27%
The Vanguard Group, Inc.
1,243,768SEK209.9m1.79%no data
2.97%
SEB Investment Management AB
1,127,071SEK190.2m0%0.04%
2.81%
Länsförsäkringar Fondförvaltning Aktiebolag
1,066,555SEK180.0m0%0.1%
2.77%
Cliens Kapitalförvaltning AB
1,052,375SEK177.6m0%1.18%
2.07%
Carnegie Fonder AB
786,044SEK132.7m0%0.28%
2.01%
Enter Fonder AB
764,859SEK129.1m0%1.19%
2.01%
Dimensional Fund Advisors LP
763,633SEK128.9m0.1%no data
1.46%
Joh. Berenberg, Gossler & Co. KG, Asset Management Arm
553,057SEK93.4m12.8%0.28%
1.12%
Janus Henderson Group plc
425,270SEK71.8m-36.58%no data
0.76%
Fondbolaget Fondita AB
290,000SEK49.0m0%0.73%
0.66%
Danske Bank A/S, Asset Management Arm
250,980SEK42.4m0%0.06%
0.6%
Xact Kapitalförvaltning AB
227,496SEK38.4m0%0.03%
0.49%
Danske Capital AB
185,000SEK31.2m0%0.36%
0.41%
AP Fonden 2
156,033SEK26.3m0%0.02%

Company Information

Concentric AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Concentric AB (publ)
  • Agatan 39
  • Linköping
  • Östergötland County
  • 582 22
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COICOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKJun 2011
0P4XLSE (London Stock Exchange)YesOrdinary SharesGBSEKJun 2011
CCNT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2011
COICsBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKJun 2011
2DNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.