CTEK Stock Overview
CTEK AB (publ) provides battery charging products for all types of vehicles in Sweden, Nordics, DACH, the Americas, rest of Europe, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr63.18|
|52 Week High||kr221.00|
|52 Week Low||kr60.00|
|1 Month Change||-27.01%|
|3 Month Change||-18.08%|
|1 Year Change||-50.83%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-53.96%|
Recent News & Updates
|CTEK||SE Electrical||SE Market|
Return vs Industry: CTEK underperformed the Swedish Electrical industry which returned -26.3% over the past year.
Return vs Market: CTEK underperformed the Swedish Market which returned -27.4% over the past year.
|CTEK Average Weekly Movement||8.1%|
|Electrical Industry Average Movement||8.4%|
|Market Average Movement||7.0%|
|10% most volatile stocks in SE Market||11.8%|
|10% least volatile stocks in SE Market||4.3%|
Stable Share Price: CTEK is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CTEK's weekly volatility (8%) has been stable over the past year.
About the Company
CTEK AB (publ) provides battery charging products for all types of vehicles in Sweden, Nordics, DACH, the Americas, rest of Europe, and internationally. The company offers products ranging from 12V and 24V battery chargers, load balancing systems, and back-end solutions and accessories for electric vehicle charging. It serves in various industries, such as municipalities, energy companies, housing cooperatives, property owners, corporations, parking companies, and private individuals.
CTEK Fundamentals Summary
|CTEK fundamental statistics|
Is CTEK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CTEK income statement (TTM)|
|Cost of Revenue||kr468.80m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 02, 2022
|Earnings per share (EPS)||0.01|
|Net Profit Margin||0.053%|
How did CTEK perform over the long term?See historical performance and comparison
Is CTEK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 CTEK?
Other financial metrics that can be useful for relative valuation.
|What is CTEK's n/a Ratio?|
Price to Sales Ratio vs Peers
How does CTEK's PS Ratio compare to its peers?
|CTEK PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
AQ AQ Group
GARO Garo Aktiebolag
PSCAND Permascand Top Holding
Price-To-Sales vs Peers: CTEK is expensive based on its Price-To-Sales Ratio (3.4x) compared to the peer average (3.1x).
Price to Earnings Ratio vs Industry
How does CTEK's PE Ratio compare vs other companies in the SE Electrical Industry?
Price-To-Sales vs Industry: CTEK is good value based on its Price-To-Sales Ratio (3.4x) compared to the Swedish Electrical industry average (3.4x)
Price to Sales Ratio vs Fair Ratio
What is CTEK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||3.4x|
|Fair PS Ratio||4.7x|
Price-To-Sales vs Fair Ratio: CTEK is good value based on its Price-To-Sales Ratio (3.4x) compared to the estimated Fair Price-To-Sales Ratio (4.7x).
Share Price vs Fair Value
What is the Fair Price of CTEK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CTEK (SEK63.18) is trading above our estimate of fair value (SEK10.39)
Significantly Below Fair Value: CTEK is trading above our estimate of fair value.
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 CTEK forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score5/6
Future Growth Score 5/6
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: CTEK's forecast earnings growth (124.9% per year) is above the savings rate (0.4%).
Earnings vs Market: CTEK's earnings (124.9% per year) are forecast to grow faster than the Swedish market (16.7% per year).
High Growth Earnings: CTEK's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CTEK's revenue (23.8% per year) is forecast to grow faster than the Swedish market (10.7% per year).
High Growth Revenue: CTEK's revenue (23.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CTEK's Return on Equity is forecast to be high in 3 years time
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How has CTEK performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTEK has a large one-off loss of SEK20.5M impacting its June 30 2022 financial results.
Growing Profit Margin: CTEK's current net profit margins (0.05%) are lower than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: CTEK's earnings have declined by 17% per year over the past 5 years.
Accelerating Growth: CTEK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CTEK had negative earnings growth (-99.6%) over the past year, making it difficult to compare to the Electrical industry average (24%).
Return on Equity
High ROE: CTEK's Return on Equity (0.07%) is considered low.
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How is CTEK's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: CTEK's short term assets (SEK498.1M) exceed its short term liabilities (SEK312.2M).
Long Term Liabilities: CTEK's short term assets (SEK498.1M) do not cover its long term liabilities (SEK628.8M).
Debt to Equity History and Analysis
Debt Level: CTEK's net debt to equity ratio (83.1%) is considered high.
Reducing Debt: Insufficient data to determine if CTEK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CTEK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CTEK's interest payments on its debt are well covered by EBIT (4.7x coverage).
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What is CTEK current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|CTEK Dividend Yield vs Market|
|Market Bottom 25% (SE)||1.9%|
|Market Top 25% (SE)||6.3%|
|Industry Average (Electrical)||1.1%|
|Analyst forecast in 3 Years (CTEK)||1.0%|
Notable Dividend: Unable to evaluate CTEK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CTEK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CTEK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CTEK's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CTEK has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jon Lind (50 yo)
Mr. Jon Lind is CEO and President at CTEK AB (publ). He has been an Independent Director at OXE Marine AB (publ) (formerly known as Cimco Marine AB (publ)) since 2019. He has been the Chief Executive Offic...
CEO Compensation Analysis
|Jon Lind's Compensation vs CTEK Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||kr7m||kr3m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||kr5m||kr3m|
Compensation vs Market: Jon's total compensation ($USD615.93K) is above average for companies of similar size in the Swedish market ($USD454.62K).
Compensation vs Earnings: Jon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: CTEK's management team is considered experienced (4.2 years average tenure).
Experienced Board: CTEK's board of directors are considered experienced (6.7 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.
|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 %|
CTEK AB (publ)'s employee growth, exchange listings and data sources
- Name: CTEK AB (publ)
- Ticker: CTEK
- Exchange: OM
- Founded: 1997
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Implied Market Cap: kr3.158b
- Shares outstanding: 49.98m
- Website: https://ctekgroup.com
Number of Employees
- CTEK AB (publ)
- Rostugnsvagen 3
- Dalarna County
- 776 70
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CTEK||OM (OMX Nordic Exchange Stockholm)||Yes||Ordinary Shares||SE||SEK||Sep 2021|
|CTEKS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||SEK||Sep 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.