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GomSpace Group

OM:GOMX BTA
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GOMX BTA
OM
SEK302M
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

GomSpace Group AB (publ), through its subsidiaries, designs and manufactures nanosatellites for the academic, government, and commercial markets in Europe. The last earnings update was 41 days ago. More info.


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GOMX BTA Share Price and Events
7 Day Returns
-7.1%
OM:GOMX BTA
-1.5%
SE Aerospace & Defense
1.1%
SE Market
1 Year Returns
-
OM:GOMX BTA
-20.5%
SE Aerospace & Defense
-6.9%
SE Market
GOMX BTA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GomSpace Group (GOMX BTA) -7.1% - - - - -
SE Aerospace & Defense -1.5% -4.6% -19.9% -20.5% 30.1% 41.8%
SE Market 1.1% -2.1% -10.7% -6.9% 0.5% 15.3%
1 Year Return vs Industry and Market
  • No trading data on GOMX BTA.
  • No trading data on GOMX BTA.
Price Volatility
GOMX BTA
Industry
5yr Volatility vs Market

Value

 Is GomSpace Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GomSpace Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GomSpace Group.

OM:GOMX BTA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:GOMX BTA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 9.3%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.666 (1 + (1- 22%) (11.2%))
0.725
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.68% + (0.8 * 9.32%)
8.14%

Discounted Cash Flow Calculation for OM:GOMX BTA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GomSpace Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:GOMX BTA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SEK, Millions) -112.00 -61.00 58.00 67.86 78.71
Source Analyst x1 Analyst x1 Analyst x1 Est @ 17%, capped from 40.27% Est @ 16%, capped from 40.27%
Present Value
Discounted (@ 8.14%)
-103.57 -52.17 45.87 49.62 53.23
Present value of next 5 years cash flows SEK-7.02
OM:GOMX BTA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SEK78.71 × (1 + 0.68%) ÷ (8.14% – 0.68%)
SEK1,063.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SEK1,063.12 ÷ (1 + 8.14%)5
SEK718.99
OM:GOMX BTA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SEK-7.02 + SEK718.99
SEK711.97
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK711.97 / 28.34
SEK25.07
OM:GOMX BTA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OM:GOMX BTA represents 0.9981x of OM:GOMX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9981x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 25.12 x 0.9981
SEK25.07
Value per share (SEK) From above. SEK25.07
Current discount Discount to share price of SEK10.50
= -1 x (SEK10.50 - SEK25.07) / SEK25.07
58.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price GomSpace Group is available for.
Intrinsic value
>50%
Share price is SEK10.5 vs Future cash flow value of SEK25.07
Current Discount Checks
For GomSpace Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GomSpace Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GomSpace Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GomSpace Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GomSpace Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:GOMX BTA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in SEK SEK-2.60
OM:GOMX Share Price ** OM (2018-12-14) in SEK SEK10.52
Europe Aerospace & Defense Industry PE Ratio Median Figure of 28 Publicly-Listed Aerospace & Defense Companies 19.52x
Sweden Market PE Ratio Median Figure of 316 Publicly-Listed Companies 15.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GomSpace Group.

OM:GOMX BTA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:GOMX Share Price ÷ EPS (both in SEK)

= 10.52 ÷ -2.60

-4.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GomSpace Group is loss making, we can't compare its value to the Europe Aerospace & Defense industry average.
  • GomSpace Group is loss making, we can't compare the value of its earnings to the Sweden market.
Price based on expected Growth
Does GomSpace Group's expected growth come at a high price?
Raw Data
OM:GOMX BTA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
69.6%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 25 Publicly-Listed Aerospace & Defense Companies 1.16x
Sweden Market PEG Ratio Median Figure of 228 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GomSpace Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GomSpace Group's assets?
Raw Data
OM:GOMX BTA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in SEK SEK9.02
OM:GOMX Share Price * OM (2018-12-14) in SEK SEK10.52
Sweden Aerospace & Defense Industry PB Ratio Median Figure of 6 Publicly-Listed Aerospace & Defense Companies 4.55x
Sweden Market PB Ratio Median Figure of 554 Publicly-Listed Companies 2.37x
OM:GOMX BTA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:GOMX Share Price ÷ Book Value per Share (both in SEK)

= 10.52 ÷ 9.02

1.17x

* Primary Listing of GomSpace Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GomSpace Group is good value based on assets compared to the SE Aerospace & Defense industry average.
X
Value checks
We assess GomSpace Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. GomSpace Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GomSpace Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
69.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GomSpace Group expected to grow at an attractive rate?
  • GomSpace Group's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • GomSpace Group's earnings growth is expected to exceed the Sweden market average.
  • GomSpace Group's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:GOMX BTA Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:GOMX BTA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 69.6%
OM:GOMX BTA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 44.9%
Sweden Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 39.1%
Sweden Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 10%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:GOMX BTA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:GOMX BTA Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 600 123 100 1
2020-12-31 394 3 -30 1
2019-12-31 258 -31 -70 1
2018-12-31 150 -111 -92 1
OM:GOMX BTA Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-09-30 143 -75 -71
2018-06-30 131 -33 -63
2018-03-31 115 -18 -58
2017-12-31 96 -8 -54
2017-09-30 84 -37 -33
2017-06-30 74 -46 -19
2017-03-31 62 -39 -2
2016-12-31 54 -17 9
2016-09-30 49 -7 5
2016-06-30 46 -4 5
2016-03-31 40 -6 2
2015-12-31 34 -11 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GomSpace Group's earnings are expected to grow significantly at over 20% yearly.
  • GomSpace Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:GOMX BTA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from GomSpace Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:GOMX BTA Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.49 2.49 2.49 1.00
2020-12-31 -0.73 -0.73 -0.73 1.00
2019-12-31 -1.54 -1.54 -1.54 1.00
2018-12-31 -2.54 -2.54 -2.54 1.00
OM:GOMX BTA Past Financials Data
Date (Data in SEK Millions) EPS *
2018-09-30 -2.60
2018-06-30 -2.34
2018-03-31 -2.18
2017-12-31 -2.09
2017-09-30 -1.62
2017-06-30 -0.96
2017-03-31 -0.10
2016-12-31 0.62
2016-09-30 0.29
2016-06-30 0.35
2016-03-31 0.12
2015-12-31 -0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if GomSpace Group will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess GomSpace Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GomSpace Group has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GomSpace Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GomSpace Group's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GomSpace Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare GomSpace Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GomSpace Group's 1-year growth to the Europe Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
GomSpace Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GomSpace Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:GOMX BTA Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 142.79 -70.93 92.91 47.01
2018-06-30 130.88 -62.67 85.58 34.14
2018-03-31 115.15 -57.54 77.12 26.92
2017-12-31 96.41 -53.99 69.22 25.28
2017-09-30 83.85 -33.43 63.05 21.03
2017-06-30 74.33 -19.25 52.53 15.73
2017-03-31 62.14 -1.77 41.44 11.20
2016-12-31 54.14 8.98 32.90 6.81
2016-09-30 49.05 4.79 18.11 5.84
2016-06-30 45.86 4.92 15.87 6.28
2016-03-31 39.96 1.72 13.78 6.71
2015-12-31 34.09 -2.37 11.71 7.85
2014-12-31 26.65 1.22 8.44 0.76
2013-12-31 9.72 0.02 2.69 0.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if GomSpace Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if GomSpace Group has efficiently used its assets last year compared to the Europe Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GomSpace Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GomSpace Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GomSpace Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GomSpace Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GomSpace Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GomSpace Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GomSpace Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GomSpace Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GomSpace Group Company Filings, last reported 2 months ago.

OM:GOMX BTA Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 255.59 33.77 65.62
2018-06-30 277.95 35.12 119.29
2018-03-31 296.10 34.93 171.69
2017-12-31 185.32 34.00 95.58
2017-09-30 198.85 12.20 83.34
2017-06-30 211.55 12.73 87.87
2017-03-31 135.14 11.98 24.93
2016-12-31 146.11 13.47 73.81
2016-09-30 117.39 13.17 95.44
2016-06-30 94.47 16.44 79.87
2016-03-31 14.46 9.89 2.73
2015-12-31 13.82 10.77 1.28
2014-12-31 7.72 2.92 1.55
2013-12-31 6.04 0.74 1.81
  • GomSpace Group's level of debt (13.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if GomSpace Group's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • GomSpace Group has less than a year of cash runway based on current free cash flow.
  • GomSpace Group has less than a year of cash runway if free cash flow continues to grow at historical rates of 57.3% each year.
X
Financial health checks
We assess GomSpace Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GomSpace Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GomSpace Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GomSpace Group dividends.
If you bought SEK2,000 of GomSpace Group shares you are expected to receive SEK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GomSpace Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GomSpace Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:GOMX BTA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 1.9%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.8%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 2%
Sweden Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:GOMX BTA Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GomSpace Group has not reported any payouts.
  • Unable to verify if GomSpace Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GomSpace Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GomSpace Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GomSpace Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GomSpace Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GomSpace Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GomSpace Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Niels Buus
COMPENSATION SEK2,673,000
AGE 61
CEO Bio

Mr. Niels Buus serves as Managing Director and Chief Executive Officer of GS Sweden AB. Mr. Buus has been Managing Director of GomSpace ApS since 2014. He serves as Chief Executive Officer and Owner of Longbus Holding ApS. He is originally a professional auto mechanic from Hvalpsund. He served as Chief Executive Officer of GateHouse A/S. He served as Head of the Radar Division at Terma A/S. He was employed at Purup Electronics for 11 years. He served as Interim Chief Executive Officer of Optica A/S until June 2013. He serves as the Chairman of Futarque. He serves as Chairman of the board of directors of Chora Group and Northern VO ApS. He served as Chairman of GS Sweden AB. He was chairman of the board of directors of Logistikkompagniet until August 2012 and iDoc Engineering ApS until August 2012. He was chair­man of the board of directors of GoSpace ApS until December 2013 and board member until February 2016. He serves as a board member of Level 8 ApS. He was a board member of Necas A/S until May 2015, Miitors ApS until March 2015, CIS Technolo­gies until March 2014, SystemTeknik A/S until March 2014. He acted as Director over the Defense and Fuel section in DESMI Pumping Technology A/S until November 2013. He was awarded the AIH Leadership Prize in 2006. He holds a Master of Science degree in Sloan Fellowship Master from London Business School (London, UK), a Master of Science degree in Applied Optics from Imperial College (London, UK) and a Master of Science degree in Mechanical Engineering from Aalborg University (Aalborg, Denmark).

CEO Compensation
  • Niels's compensation has increased whilst company is loss making.
  • Niels's remuneration is higher than average for companies of similar size in Sweden.
Management Team

Niels Buus

TITLE
CEO & Managing Director
COMPENSATION
SEK3M
AGE
61

Troels Nørmølle

TITLE
Chief Financial Officer
AGE
32

Børge Witthøft

TITLE
Chief Sales Officer of GomSpace ApS
AGE
66
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the GomSpace Group board of directors in years:

2.2
Average Tenure
65
Average Age
  • The average tenure for the GomSpace Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jukka Pertola

TITLE
Chairman of the Board
COMPENSATION
SEK250K
AGE
58
TENURE
2.7 yrs

Niels Jesper Jensen

TITLE
Director
COMPENSATION
SEK125K
AGE
72

Carl-Erik Jørgensen

TITLE
Director
COMPENSATION
SEK125K
AGE
60
TENURE
2.9 yrs

Anna Rathsmann

TITLE
Director
COMPENSATION
SEK85K
TENURE
1.7 yrs

Steen Hansen

TITLE
Director
COMPENSATION
SEK125K
AGE
70
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess GomSpace Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GomSpace Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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Company Info

Map
Description

GomSpace Group AB (publ), through its subsidiaries, designs and manufactures nanosatellites for the academic, government, and commercial markets in Europe. The company offers global tracking solution for tracking assets; Internet of things solutions, including smart metering, remote management of assets, herd tracking, and fleet management; nanosatellite communications technology solutions; defense and security solutions; remote sensing solutions, such as optical sensors, infrared sensors, and hyperspectral sensors; and science mission solutions. It also offers professional nanosatellite platforms, payloads, and subsystems. The company was formerly known as GS Sweden AB and changed its name to GomSpace Group AB (publ) in June 2017. GomSpace Group AB (publ) was founded in 2007 and is based in Stockholm, Sweden.

Details
Name: GomSpace Group AB (publ)
GOMX BTA
Exchange: OM
Founded: 2007
SEK301,544,696
28,340,667
Website: http://www.gomspace.com
Address: GomSpace Group AB (publ)
Stureplan 4C,
Stockholm,
Stockholm County, 114 35,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM GOMX Share Capital OMX Nordic Exchange Stockholm SE SEK 16. Jun 2016
DB 1G2 Share Capital Deutsche Boerse AG DE EUR 16. Jun 2016
LSE 0GE8 Share Capital London Stock Exchange GB SEK 16. Jun 2016
OM GOMX BTA NPV BTA 012019 OMX Nordic Exchange Stockholm SE SEK 27. Nov 2018
Number of employees
Current staff
Staff numbers
235
GomSpace Group employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 22:46
End of day share price update: 2018/12/14 00:00
Last estimates confirmation: 2018/11/09
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.