Fasadgruppen Group (OM:FG) - Share price, News & Analysis

FG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	5/6
Financial Health	4/6
Dividends	2/6

FG Stock Overview

Fasadgruppen Group AB (publ) operates as a full-service provider of facades in Sweden and Nordic region.

Rewards

Trading at 42.5% below our estimate of its fair value

Earnings are forecast to grow 23.64% per year

Earnings grew by 149.5% over the past year

Risk Analysis

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

Fasadgruppen Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fasadgruppen Group
Historical stock prices
Current Share Price	kr113.60
52 Week High	kr189.20
52 Week Low	kr112.00
Beta	0
1 Month Change	-25.56%
3 Month Change	-25.46%
1 Year Change	-9.84%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	48.50%

Shareholder Returns

	FG	SE Construction	SE Market
7D	-7.0%	-5.2%	-1.0%
1Y	-9.8%	-27.5%	-13.1%

Return vs Industry: FG exceeded the Swedish Construction industry which returned -26% over the past year.

Return vs Market: FG exceeded the Swedish Market which returned -12.2% over the past year.

Price Volatility

Is FG's price volatile compared to industry and market?
FG volatility
FG Average Weekly Movement	5.9%
Construction Industry Average Movement	6.8%
Market Average Movement	7.6%
10% most volatile stocks in SE Market	12.9%
10% least volatile stocks in SE Market	4.9%

Stable Share Price: FG is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1963	1,619	Pal Warolin	https://fasadgruppen.se

Fasadgruppen Group AB (publ) operates as a full-service provider of facades in Sweden and Nordic region. The company offers plastering services, including rustings, moldings, scopes, eaves, ornaments, plaster paintings, and other plastered surfaces; masonry services, such as joining, anchoring and additional insulation of brick facades for plinths, shell walls, interior walls, unfolding walls, and glass concrete. It also undertakes installation, construction, and replacement of windows; windows and balconies work, such as facade renovation and painting; renovation, replacing, and laying of roofs.

Fasadgruppen Group Fundamentals Summary

How do Fasadgruppen Group's earnings and revenue compare to its market cap?
FG fundamental statistics
Market Cap	kr5.52b
Earnings (TTM)	kr200.60m
Revenue (TTM)	kr2.98b

27.5x

P/E Ratio

1.9x

P/S Ratio

Is FG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FG income statement (TTM)
Revenue	kr2.98b
Cost of Revenue	kr1.51b
Gross Profit	kr1.47b
Other Expenses	kr1.27b
Earnings	kr200.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 16, 2022

Earnings per share (EPS)	4.13
Gross Margin	49.22%
Net Profit Margin	6.73%
Debt/Equity Ratio	69.5%

How did FG perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is Fasadgruppen Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

42.5%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FG (SEK113.6) is trading below our estimate of fair value (SEK197.66)

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

Price To Earnings Ratio

PE vs Industry: FG is poor value based on its Price-To-Earnings Ratio (27.5x) compared to the Swedish Construction industry average (26.4x).

PE vs Market: FG is poor value based on its Price-To-Earnings Ratio (27.5x) compared to the Swedish market (17.5x).

Price to Earnings Growth Ratio

PEG Ratio: FG is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: FG is overvalued based on its Price-To-Book Ratio (3.2x) compared to the SE Construction industry average (2.1x).

Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FG's forecast earnings growth (23.6% per year) is above the savings rate (0.3%).

Earnings vs Market: FG's earnings (23.6% per year) are forecast to grow faster than the Swedish market (9.7% per year).

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

Revenue vs Market: FG's revenue (19.3% per year) is forecast to grow faster than the Swedish market (5.8% per year).

High Growth Revenue: FG's revenue (19.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FG's Return on Equity is forecast to be low in 3 years time (17.3%).

Past Performance

How has Fasadgruppen Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

38.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FG has high quality earnings.

Growing Profit Margin: FG's current net profit margins (6.7%) are higher than last year (5.3%).

Past Earnings Growth Analysis

Earnings Trend: FG's earnings have grown significantly by 38.7% per year over the past 5 years.

Accelerating Growth: FG's earnings growth over the past year (149.5%) exceeds its 5-year average (38.7% per year).

Earnings vs Industry: FG earnings growth over the past year (149.5%) exceeded the Construction industry 9.3%.

Return on Equity

High ROE: FG's Return on Equity (11.5%) is considered low.

Financial Health

How is Fasadgruppen Group'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: FG's short term assets (SEK1.4B) exceed its short term liabilities (SEK876.8M).

Long Term Liabilities: FG's short term assets (SEK1.4B) do not cover its long term liabilities (SEK1.5B).

Debt to Equity History and Analysis

Debt Level: FG's net debt to equity ratio (30.1%) is considered satisfactory.

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

Debt Coverage: FG's debt is well covered by operating cash flow (22.3%).

Interest Coverage: FG's interest payments on its debt are well covered by EBIT (18.7x coverage).

Balance Sheet

Dividend

What is Fasadgruppen Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.06%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FG's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.43%).

High Dividend: FG's dividend (1.06%) is low compared to the top 25% of dividend payers in the Swedish market (4.8%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether FG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FG's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.2%), FG's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.5%), FG's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure

CEO

Pal Warolin (57 yo)

2.33yrs

Tenure

kr3,038,408

Compensation

Mr. Pål Warolin serves as Chief Executive Officer at Fasadgruppen Group AB since 2020 and has been its President. He serves as Chairman of the board of Got Invest AB and serves as Board member of Warolin V...

CEO Compensation Analysis

Compensation vs Market: Pal's total compensation ($USD310.53K) is below average for companies of similar size in the Swedish market ($USD551.15K).

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

Leadership Team

Experienced Management: FG's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: FG's board of directors are not considered experienced ( 1.9 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: FG insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31