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CTT

CTT Systems OM:CTT Stock Report

Last Price

kr204.50

Market Cap

kr2.6b

7D

2.9%

1Y

2.5%

Updated

26 Jun, 2022

Data

Company Financials +
CTT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance3/6
Financial Health6/6
Dividends0/6

CTT Stock Overview

CTT Systems AB (publ) designs, manufactures, and supplies humidity control products for aircraft worldwide.

CTT Systems Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for CTT Systems
Historical stock prices
Current Share Pricekr204.50
52 Week Highkr264.50
52 Week Lowkr153.20
Beta1.18
1 Month Change-2.62%
3 Month Change6.51%
1 Year Change2.46%
3 Year Change17.94%
5 Year Change36.79%
Change since IPO224.60%

Recent News & Updates

Shareholder Returns

CTTSE Aerospace & DefenseSE Market
7D2.9%0.7%-1.3%
1Y2.5%44.6%-23.6%

Return vs Industry: CTT underperformed the Swedish Aerospace & Defense industry which returned 44.6% over the past year.

Return vs Market: CTT exceeded the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is CTT's price volatile compared to industry and market?
CTT volatility
CTT Average Weekly Movement4.4%
Aerospace & Defense Industry Average Movement7.8%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: CTT is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CTT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199176Henrik Hojerhttps://www.ctt.se

CTT Systems AB (publ) designs, manufactures, and supplies humidity control products for aircraft worldwide. The company offers humidifiers and dehumidifiers for passenger cabins, flight decks, crew rest compartments, and VIP/business jets; and active moisture control systems. It serves commercial airliners and private jets.

CTT Systems Fundamentals Summary

How do CTT Systems's earnings and revenue compare to its market cap?
CTT fundamental statistics
Market Capkr2.56b
Earnings (TTM)kr27.00m
Revenue (TTM)kr171.90m

94.9x

P/E Ratio

14.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTT income statement (TTM)
Revenuekr171.90m
Cost of Revenuekr37.50m
Gross Profitkr134.40m
Other Expenseskr107.40m
Earningskr27.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 22, 2022

Earnings per share (EPS)2.15
Gross Margin78.18%
Net Profit Margin15.71%
Debt/Equity Ratio18.6%

How did CTT perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CTT?

Other financial metrics that can be useful for relative valuation.

CTT 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/Revenue15x
Enterprise Value/EBITDA58.9x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

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

CTT PE Ratio vs Peers
The above table shows the PE ratio for CTT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average545.9x

Price-To-Earnings vs Peers: CTT is good value based on its Price-To-Earnings Ratio (94.9x) compared to the peer average (545.9x).


Price to Earnings Ratio vs Industry

How does CTT's PE Ratio compare vs other companies in the Aerospace & Defense Industry?

Price-To-Earnings vs Industry: CTT is good value based on its Price-To-Earnings Ratio (94.9x) compared to the Swedish Aerospace & Defense industry average (103x)


Price to Earnings Ratio vs Fair Ratio

What is CTT'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.

CTT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio94.9x
Fair PE Ratio34.2x

Price-To-Earnings vs Fair Ratio: CTT is expensive based on its Price-To-Earnings Ratio (94.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.2x).


Share Price vs Fair Value

What is the Fair Price of CTT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTT (SEK204.5) is trading below our estimate of fair value (SEK383.52)

Significantly Below Fair Value: CTT is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: CTT is poor value based on its PEG Ratio (2.1x)


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Future Growth

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

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


45.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTT's forecast earnings growth (45.6% per year) is above the savings rate (0.3%).

Earnings vs Market: CTT's earnings (45.6% per year) are forecast to grow faster than the Swedish market (9.8% per year).

High Growth Earnings: CTT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CTT's revenue (29.8% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: CTT's revenue (29.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTT's Return on Equity is forecast to be high in 3 years time (35.5%)


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Past Performance

How has CTT Systems performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CTT has a large one-off gain of SEK9.1M impacting its March 31 2022 financial results.

Growing Profit Margin: CTT's current net profit margins (15.7%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: CTT's earnings have declined by 13.1% per year over the past 5 years.

Accelerating Growth: CTT's earnings growth over the past year (178.4%) exceeds its 5-year average (-13.1% per year).

Earnings vs Industry: CTT earnings growth over the past year (178.4%) exceeded the Aerospace & Defense industry 66.9%.


Return on Equity

High ROE: CTT's Return on Equity (12.1%) is considered low.


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Financial Health

How is CTT Systems's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CTT's short term assets (SEK186.9M) exceed its short term liabilities (SEK46.1M).

Long Term Liabilities: CTT's short term assets (SEK186.9M) exceed its long term liabilities (SEK44.0M).


Debt to Equity History and Analysis

Debt Level: CTT's net debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: CTT's debt to equity ratio has reduced from 25.2% to 18.6% over the past 5 years.

Debt Coverage: CTT's debt is well covered by operating cash flow (110.9%).

Interest Coverage: CTT's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


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Dividend

What is CTT Systems's 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

  • Future Dividend Coverage


0.39%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CTT's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: CTT's dividend (0.39%) is low compared to the top 25% of dividend payers in the Swedish market (5.41%).


Stability and Growth of Payments

Stable Dividend: CTT is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: CTT is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: CTT is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

Cash Flow Coverage: CTT is not paying a notable dividend for the Swedish market.


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Management

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

0.8yrs

Average management tenure


CEO

Henrik Hojer (54 yo)

0.17

Tenure

Mr. Henrik Hojer serves as Chief Executive Officer at CTT Systems AB (publ) since April 01, 2022. He serves as the Senior Vice President at RUAG Simulation & Training since 2017. He has experience from Saa...


Leadership Team

Experienced Management: CTT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CTT's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CTT 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

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


Key Information

  • Name: CTT Systems AB (publ)
  • Ticker: CTT
  • Exchange: OM
  • Founded: 1991
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: kr2.562b
  • Shares outstanding: 12.53m
  • Website: https://www.ctt.se

Number of Employees


Location

  • CTT Systems AB (publ)
  • Brukslagarvägen 5
  • Nyköping
  • Södermanland County
  • 611 31
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
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.