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CTEK

CTEK OM:CTEK Stock Report

Last Price

kr63.18

Market Cap

kr3.2b

7D

-3.1%

1Y

-50.8%

Updated

29 Sep, 2022

Data

Company Financials +
CTEK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

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.

CTEK Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CTEK
Historical stock prices
Current Share Pricekr63.18
52 Week Highkr221.00
52 Week Lowkr60.00
Beta0
1 Month Change-27.01%
3 Month Change-18.08%
1 Year Change-50.83%
3 Year Changen/a
5 Year Changen/a
Change since IPO-53.96%

Recent News & Updates

Shareholder Returns

CTEKSE ElectricalSE Market
7D-3.1%-1.7%-2.8%
1Y-50.8%-27.3%-29.4%

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.

Price Volatility

Is CTEK's price volatile compared to industry and market?
CTEK volatility
CTEK Average Weekly Movement8.1%
Electrical Industry Average Movement8.4%
Market Average Movement7.0%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market4.3%

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

FoundedEmployeesCEOWebsite
1997215Jon Lindhttps://ctekgroup.com

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

How do CTEK's earnings and revenue compare to its market cap?
CTEK fundamental statistics
Market Capkr3.16b
Earnings (TTM)kr500.00k
Revenue (TTM)kr937.80m

6,318x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTEK income statement (TTM)
Revenuekr937.80m
Cost of Revenuekr468.80m
Gross Profitkr469.00m
Other Expenseskr468.50m
Earningskr500.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 02, 2022

Earnings per share (EPS)0.01
Gross Margin50.01%
Net Profit Margin0.053%
Debt/Equity Ratio90.9%

How did CTEK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

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

  • Analyst Forecast

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.

CTEK 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/Revenue4x
Enterprise Value/EBITDA37.2x
PEG Ratio50.6x

Price to Sales Ratio vs Peers

How does CTEK's PS Ratio compare to its peers?

CTEK PS Ratio vs Peers
The above table shows the PS ratio for CTEK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.1x
AQ AQ Group
0.6xn/akr3.9b
PLEJD Plejd
5.3xn/akr2.3b
GARO Garo Aktiebolag
3.4x14.3%kr4.8b
PSCAND Permascand Top Holding
3.1x29.0%kr1.6b
CTEK CTEK
3.4x23.8%kr3.2b

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.

CTEK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.4x
Fair PS Ratio4.7x

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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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


124.9%

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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Past Performance

How has CTEK performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.0%

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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Financial Health

How is CTEK's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.99%

Forecast Dividend Yield

Dividend Yield vs Market

CTEK Dividend Yield vs Market
How does CTEK dividend yield compare to the market?
SegmentDividend Yield
Company (CTEK)n/a
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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Management

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

4.2yrs

Average management tenure


CEO

Jon Lind (50 yo)

no data

Tenure

kr6,900,000

Compensation

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
How has Jon Lind's remuneration changed compared to CTEK's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr500k

Mar 31 2022n/an/a

-kr7m

Dec 31 2021kr7mkr3m

kr4m

Sep 30 2021n/an/a

kr69m

Jun 30 2021n/an/a

kr113m

Mar 31 2021n/an/a

kr107m

Dec 31 2020kr5mkr3m

kr82m

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.


Leadership Team

Experienced Management: CTEK's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: CTEK's board of directors are considered experienced (6.7 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.


Ownership Breakdown

What is the ownership structure of CTEK?
Owner TypeNumber of SharesOwnership Percentage
Private Companies2,609,6465.2%
Individual Insiders4,461,9528.9%
Institutions8,962,39417.9%
General Public13,840,31827.7%
VC/PE Firms20,108,74440.2%

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


Top Shareholders

Top 25 shareholders own 72.45% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.57%
Investment AB Latour (publ)
15,280,810SEK965.4m0%1.66%
9.66%
Altor Equity Partners AB
4,827,934SEK305.0m0%6.46%
6.97%
Hans Straberg
3,482,522SEK220.0m0%no data
5.08%
AMF Fonder AB
2,540,000SEK160.5m0%0.05%
5.08%
AP Fonden 4
2,540,000SEK160.5m0%0.08%
4.93%
Skirner AB
2,464,646SEK155.7m0%no data
4.71%
SEB Investment Management AB
2,352,900SEK148.7m0%0.03%
1.17%
Nordea Investment Management AB
586,280SEK37.0m34.38%no data
0.77%
Banque Carnegie Luxembourg S.A., Asset Management Arm
385,000SEK24.3m0%1.54%
0.5%
E. ÖHman J:Or Fonder Ab
252,398SEK15.9m0%0.03%
0.44%
Michael Forsmark
221,568SEK14.0m0%no data
0.42%
Jon Lind
207,854SEK13.1m0%no data
0.29%
Skirner FÖRvaltning Ab
145,000SEK9.2m0%no data
0.28%
Eva Martinsson
141,105SEK8.9m0%no data
0.27%
Cliens Kapitalförvaltning AB
132,780SEK8.4m0%0.06%
0.24%
Ola Carlsson
122,439SEK7.7m0%no data
0.21%
Marcus Lorendal
104,604SEK6.6m0%no data
0.19%
Cecilia Routledge
93,782SEK5.9m0%no data
0.17%
Carnegie Investment Bank AB, Asset Management Arm
85,000SEK5.4m0%0.08%
0.12%
Union Asset Management Holding AG
60,300SEK3.8m0%no data
0.11%
Prior & Nilsson Fond- Och KapitalfÖRvaltning Aktiebolag
57,296SEK3.6m0%0.05%
0.098%
Stig Mathisen
48,925SEK3.1m0%no data
0.091%
State Street Global Advisors, Inc.
45,335SEK2.9m2.85%no data
0.038%
Henk Lubberts
18,809SEK1.2m0%no data
0.034%
FCG Fonder AB
16,894SEK1.1m0%0.05%

Company Information

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


Key Information

  • 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


Location

  • CTEK AB (publ)
  • Rostugnsvagen 3
  • Vikmanshyttan
  • Dalarna County
  • 776 70
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTEKOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKSep 2021
CTEKSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKSep 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 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.