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ENGC

engcon OM:ENGCON B Stock Report

Last Price

kr67.70

Market Cap

kr10.3b

7D

-6.2%

1Y

n/a

Updated

01 Oct, 2022

Data

Company Financials +
ENGCON B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance3/6
Financial Health4/6
Dividends0/6

ENGCON B Stock Overview

engcon AB (publ) manufactures and sells tiltrotators.

engcon Competitors

Price History & Performance

Summary of all time highs, changes and price drops for engcon
Historical stock prices
Current Share Pricekr67.70
52 Week Highkr93.20
52 Week Lowkr53.00
Beta0
1 Month Change-13.76%
3 Month Change7.80%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-5.97%

Recent News & Updates

Shareholder Returns

ENGCON BSE MachinerySE Market
7D-6.2%2.0%0.5%
1Yn/a-20.1%-27.6%

Return vs Industry: Insufficient data to determine how ENGCON B performed against the Swedish Machinery industry.

Return vs Market: Insufficient data to determine how ENGCON B performed against the Swedish Market.

Price Volatility

Is ENGCON B's price volatile compared to industry and market?
ENGCON B volatility
ENGCON B Average Weekly Movement8.4%
Machinery Industry Average Movement6.2%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market4.3%

Stable Share Price: ENGCON B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: Insufficient data to determine ENGCON B's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990376Krister Blomgrenhttps://www.engcongroup.com

engcon AB (publ) manufactures and sells tiltrotators. It offers quick couplers; EC-oil, which reduces the oil spillage and the time for changing equipment; control and safety systems comprise Q-Safe control locking system that standardizes the use of quick couplers; MIG2 joystick, which enables end-users to customize the joystick’s functions; control system DC2, which is used to control the tiltrotators and the excavator’s ground movements and boom swing; locking systems; positioning systems; and warning light and sound modules. The company also offers hydraulic tools, such as pallet forks, timber and combi grabs, ground compactors, sweeper rollers, Stone and sorting grabs, and detachable grippers and sweepers; and mechanical tools, including grading beams, tarmac cutters, deep-digging buckets, pallet forks, cable and grading buckets, rippers, water/sewerage buckets, and riddle buckets.

engcon Fundamentals Summary

How do engcon's earnings and revenue compare to its market cap?
ENGCON B fundamental statistics
Market Capkr10.28b
Earnings (TTM)kr285.80m
Revenue (TTM)kr1.71b

36.0x

P/E Ratio

6.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENGCON B income statement (TTM)
Revenuekr1.71b
Cost of Revenuekr997.00m
Gross Profitkr713.00m
Other Expenseskr427.20m
Earningskr285.80m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)1.88
Gross Margin41.70%
Net Profit Margin16.71%
Debt/Equity Ratio80.5%

How did ENGCON B perform over the long term?

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

Valuation

Is ENGCON B 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-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 ENGCON B?

Other financial metrics that can be useful for relative valuation.

ENGCON B 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/Revenue6.2x
Enterprise Value/EBITDA26.8x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does ENGCON B's PE Ratio compare to its peers?

ENGCON B PE Ratio vs Peers
The above table shows the PE ratio for ENGCON B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.6x
COIC Concentric
15.2x6.5%kr6.8b
VBG B VBG Group
8.3xn/akr3.0b
EPI A Epiroc
24.9x6.2%kr185.8b
VOLV B AB Volvo
9.9x2.9%kr324.4b
ENGCON B engcon
36x20.2%kr10.3b

Price-To-Earnings vs Peers: ENGCON B is expensive based on its Price-To-Earnings Ratio (36x) compared to the peer average (14.6x).


Price to Earnings Ratio vs Industry

How does ENGCON B's PE Ratio compare vs other companies in the SE Machinery Industry?

Price-To-Earnings vs Industry: ENGCON B is expensive based on its Price-To-Earnings Ratio (36x) compared to the Swedish Machinery industry average (15.7x)


Price to Earnings Ratio vs Fair Ratio

What is ENGCON B'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.

ENGCON B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ENGCON B's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: ENGCON B (SEK67.7) is trading below our estimate of fair value (SEK140.76)

Significantly Below Fair Value: ENGCON B 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: Target price is less than 20% higher than the current share price.


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Future Growth

How is engcon forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

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


20.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENGCON B's forecast earnings growth (20.2% per year) is above the savings rate (0.4%).

Earnings vs Market: ENGCON B's earnings (20.2% per year) are forecast to grow faster than the Swedish market (16.9% per year).

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

Revenue vs Market: ENGCON B's revenue (18.3% per year) is forecast to grow faster than the Swedish market (10.8% per year).

High Growth Revenue: ENGCON B's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENGCON B's Return on Equity is forecast to be very high in 3 years time (60.6%).


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Past Performance

How has engcon 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


39.7%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: ENGCON B has a high level of non-cash earnings.

Growing Profit Margin: ENGCON B's current net profit margins (16.7%) are higher than last year (16%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ENGCON B's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ENGCON B's past year earnings growth to its 5-year average.

Earnings vs Industry: ENGCON B earnings growth over the past year (39.7%) exceeded the Machinery industry 23.3%.


Return on Equity

High ROE: ENGCON B's Return on Equity (91.3%) is considered outstanding.


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Financial Health

How is engcon'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: ENGCON B's short term assets (SEK786.0M) exceed its short term liabilities (SEK627.0M).

Long Term Liabilities: ENGCON B's short term assets (SEK786.0M) exceed its long term liabilities (SEK98.0M).


Debt to Equity History and Analysis

Debt Level: ENGCON B's net debt to equity ratio (71.9%) is considered high.

Reducing Debt: Insufficient data to determine if ENGCON B's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ENGCON B's debt is well covered by operating cash flow (66.9%).

Interest Coverage: ENGCON B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is engcon 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


1.70%

Forecast Dividend Yield

Dividend Yield vs Market

engcon Dividend Yield vs Market
How does engcon dividend yield compare to the market?
SegmentDividend Yield
Company (engcon)0%
Market Bottom 25% (SE)1.8%
Market Top 25% (SE)6.1%
Industry Average (Machinery)2.7%
Analyst forecast in 3 Years (engcon)1.7%

Notable Dividend: Unable to evaluate ENGCON B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ENGCON B'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 ENGCON B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENGCON B's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ENGCON B has not reported any payouts.


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Management

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

4.7yrs

Average management tenure


CEO

Krister Blomgren (55 yo)

11.67yrs

Tenure

kr1,786,000

Compensation

Krister Blomgren is Chief Executive Officer at engcon AB (publ) since 2011. Krister Blomgre holds Master’s Degree in Economics from Mid Sweden University in Östersund. Krister Blomgren's other ongoing assi...


CEO Compensation Analysis

Krister Blomgren's Compensation vs engcon Earnings
How has Krister Blomgren's remuneration changed compared to engcon's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr286m

Mar 31 2022n/an/a

kr269m

Dec 31 2021kr2mkr1m

kr249m

Dec 31 2020kr2mkr1m

kr161m

Dec 31 2019kr2mkr1m

kr144m

Compensation vs Market: Krister's total compensation ($USD160.83K) is below average for companies of similar size in the Swedish market ($USD756.41K).

Compensation vs Earnings: Krister's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ENGCON B's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: ENGCON B's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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 ENGCON B?
Owner TypeNumber of SharesOwnership Percentage
VC/PE Firms7,608,6965.0%
General Public17,206,24111.3%
Institutions23,425,26415.4%
Individual Insiders103,547,79968.2%

Dilution of Shares: ENGCON B only recently listed within the past 12 months.


Top Shareholders

Top 13 shareholders own 88.66% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
35.43%
Stig Engström
53,772,600SEK3.6b0%no data
31.97%
Monica Engström
48,519,800SEK3.3b0%no data
5.01%
Nordstjernan AB
7,608,696SEK515.1m0%6.63%
4.3%
Capital Research and Management Company
6,521,739SEK441.5m0%no data
3.58%
Svolder AB (publ)
5,434,783SEK367.9m0%8.89%
2.15%
Handelsbanken Asset Management
3,260,870SEK220.8m0%0.04%
2.15%
Formica Capital AB
3,260,870SEK220.8m0%no data
1.53%
C Worldwide Asset Management FondsmÆGlerselskab A/S
2,317,068SEK156.9m0%0.12%
1.43%
AP Fonden 2
2,173,913SEK147.2m0%0.1%
0.83%
Krister Blomgren
1,255,399SEK85.0m0%no data
0.26%
Danske Capital AS
400,000SEK27.1m0%0.02%
0.033%
Nordea Investment Management AB
50,000SEK3.4m0%no data
0.004%
Danske Bank A/S, Asset Management Arm
6,021SEK407.6k0%no data

Company Information

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


Key Information

  • Name: engcon AB (publ)
  • Ticker: ENGCON B
  • Exchange: OM
  • Founded: 1990
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: kr10.276b
  • Shares outstanding: 151.79m
  • Website: https://www.engcongroup.com

Number of Employees


Location

  • engcon AB (publ)
  • Godsgatan 6
  • Strömsund
  • Jämtland County
  • 833 36
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENGCON BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJun 2022
917DB (Deutsche Boerse AG)YesClass B SharesDEEURJun 2022
ENGC.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJun 2022

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 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.