OM:EOLU B

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Eolus Vind AB (publ) primarily engages in the development, establishment, and operation of facilities for renewable energy and energy storage in the Nordic region, Sweden, Norway, Finland, Baltic countries, and the United States. More Details


Snowflake Analysis

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Eolus Vind's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EOLU B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: EOLU B's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

EOLU B

-0.9%

SE Construction

0.7%

SE Market


1 Year Return

110.8%

EOLU B

13.5%

SE Construction

19.6%

SE Market

Return vs Industry: EOLU B exceeded the Swedish Construction industry which returned 12.1% over the past year.

Return vs Market: EOLU B exceeded the Swedish Market which returned 18.6% over the past year.


Shareholder returns

EOLU BIndustryMarket
7 Day2.9%-0.9%0.7%
30 Day54.9%13.1%11.1%
90 Day31.3%3.9%8.0%
1 Year113.1%110.8%15.1%13.5%21.5%19.6%
3 Year833.5%755.5%50.1%36.9%42.2%26.7%
5 Year933.1%734.4%71.9%30.9%68.1%35.7%

Long-Term Price Volatility Vs. Market

How volatile is Eolus Vind's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Eolus Vind undervalued compared to its fair value and its price relative to the market?

30.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EOLU B (SEK203.6) is trading above our estimate of fair value (SEK118.75)

Significantly Below Fair Value: EOLU B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EOLU B is poor value based on its PE Ratio (30.1x) compared to the SE Construction industry average (26.7x).

PE vs Market: EOLU B is poor value based on its PE Ratio (30.1x) compared to the Swedish market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: EOLU B is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: EOLU B is overvalued based on its PB Ratio (5x) compared to the SE Construction industry average (2.4x).


Next Steps

Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EOLU B's forecast earnings growth (7.4% per year) is above the savings rate (0.5%).

Earnings vs Market: EOLU B's earnings (7.4% per year) are forecast to grow slower than the Swedish market (11.4% per year).

High Growth Earnings: EOLU B's earnings are forecast to grow, but not significantly.

Revenue vs Market: EOLU B's revenue (31.2% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: EOLU B's revenue (31.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EOLU B's Return on Equity is forecast to be low in 3 years time (13.2%).


Next Steps

Past Performance

How has Eolus Vind performed over the past 5 years?

49.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: EOLU B's current net profit margins (12.1%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: EOLU B's earnings have grown significantly by 49.9% per year over the past 5 years.

Accelerating Growth: EOLU B's earnings growth over the past year (26.2%) is below its 5-year average (49.9% per year).

Earnings vs Industry: EOLU B earnings growth over the past year (26.2%) exceeded the Construction industry 14.9%.


Return on Equity

High ROE: EOLU B's Return on Equity (16.7%) is considered low.


Next Steps

Financial Health

How is Eolus Vind's financial position?


Financial Position Analysis

Short Term Liabilities: EOLU B's short term assets (SEK1.9B) exceed its short term liabilities (SEK690.3M).

Long Term Liabilities: EOLU B's short term assets (SEK1.9B) exceed its long term liabilities (SEK262.7M).


Debt to Equity History and Analysis

Debt Level: EOLU B's debt to equity ratio (39.6%) is considered satisfactory.

Reducing Debt: EOLU B's debt to equity ratio has increased from 30.6% to 39.6% over the past 5 years.

Debt Coverage: EOLU B's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: EOLU B's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Eolus Vind current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EOLU B's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.14%).

High Dividend: EOLU B's dividend (0.74%) is low compared to the top 25% of dividend payers in the Swedish market (3.8%).


Stability and Growth of Payments

Stable Dividend: EOLU B's dividends per share have been stable in the past 10 years.

Growing Dividend: EOLU B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.2%), EOLU B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EOLU B's dividends in 3 years are forecast to be well covered by earnings (28% payout ratio).


Next Steps

Management

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

8.2yrs

Average management tenure


CEO

Per Witalisson (49 yo)

8.25yrs

Tenure

kr2,946,000

Compensation

Mr. Per Witalisson has been the Chief Executive Officer at Eolus Vind AB since August 21, 2012. Mr. Witalisson served as Deputy Chief Executive Officer until August 20, 2012.


CEO Compensation Analysis

Compensation vs Market: Per's total compensation ($USD344.06K) is below average for companies of similar size in the Swedish market ($USD802.64K).

Compensation vs Earnings: Per's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Per Witalisson
Chief Executive Officer8.25yrskr2.95m0.25%
SEK 12.7m
Marcus Landelin
Deputy CEO & COOno datakr2.52m0.0097%
SEK 504.1k
Catharina Persson
Chief Financial Officer7.83yrsno data0.018%
SEK 940.4k
Karl Olsson
General Counselno datano data0.027%
SEK 1.4m
Johan Hammarqvist
Head of Communicationsno datano datano data
Hans-Christian Schulze
Deputy CEO9.83yrskr267.00kno data
Thomas Andersson
Head of Constructions and Operationsno datano datano data
Bengt Husberg
Head of Quality & Environmental Controlno datano datano data
Richard Larsson
Head of Project Delivery8.08yrsno data0.013%
SEK 659.9k

8.2yrs

Average Tenure

43.5yo

Average Age

Experienced Management: EOLU B's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sigrun Hjelmquist
Independent Director9.83yrskr175.00k0.0040%
SEK 207.5k
Jan Johansson
Independent Director1.83yrskr175.00k0.0080%
SEK 415.6k
Hans Linnarson
Independent Director3.83yrskr175.00k0.010%
SEK 519.6k
Hans-Göran Stennert
Independent Chairman of the Board11.83yrskr375.00k3.61%
SEK 186.8m
Hans Johansson
Independent Director4.83yrskr175.00k1.09%
SEK 56.2m
Bodil Jönsson
Independent Director3.83yrskr175.00k0.016%
SEK 831.2k

4.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: EOLU B's board of directors are considered experienced (4.3 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

Ownership Breakdown

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


Top Shareholders

Company Information

Eolus Vind AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eolus Vind AB (publ)
  • Ticker: EOLU B
  • Exchange: OM
  • Founded: 1990
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: kr5.176b
  • Shares outstanding: 24.91m
  • Website: https://www.eolusvind.com

Number of Employees


Location

  • Eolus Vind AB (publ)
  • Tredje Avenyn 3
  • Hässleholm
  • Skåne County
  • 281 48
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EOLU BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKMay 2009
7EVBDB (Deutsche Boerse AG)YesClass B SharesDEEURMay 2009
0R8FLSE (London Stock Exchange)YesClass B SharesGBSEKMay 2009
EOLUBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKMay 2009

Biography

Eolus Vind AB (publ) primarily engages in the development, establishment, and operation of facilities for renewable energy and energy storage in the Nordic region, Sweden, Norway, Finland, Baltic countries...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 19:10
End of Day Share Price2020/12/01 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.