OM:GOMX

Stock Analysis Report

Executive Summary

GomSpace Group AB (publ), through its subsidiaries, designs and manufactures nanosatellites for the academic, government, and commercial markets.

Snowflake

Fundamentals

High growth potential with adequate balance sheet.

Share Price & News

How has GomSpace Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.8%

GOMX

2.2%

SE Aerospace & Defense

2.7%

SE Market


1 Year Return

-69.4%

GOMX

-33.1%

SE Aerospace & Defense

9.4%

SE Market

Return vs Industry: GOMX underperformed the Swedish Aerospace & Defense industry which returned -33.1% over the past year.

Return vs Market: GOMX underperformed the Swedish Market which returned 9.4% over the past year.


Shareholder returns

GOMXIndustryMarket
7 Day-7.8%2.2%2.7%
30 Day1.7%-5.0%1.4%
90 Day0.6%-8.7%4.1%
1 Year-57.9%-69.4%-26.4%-33.1%14.0%9.4%
3 Year-54.0%-66.6%-0.3%-11.6%31.3%11.7%
5 Yearn/a139.7%109.9%63.0%28.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GOMX (SEK10.88) is trading below our estimate of fair value (SEK18.53)

Significantly Undervalued: GOMX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GOMX is unprofitable, so we can't compare its PE Ratio to the Aerospace & Defense industry average.

PE vs Market: GOMX is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate GOMX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GOMX is good value based on its PB Ratio (1.5x) compared to the SE Aerospace & Defense industry average (2.8x).


Next Steps

Future Growth

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

78.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GOMX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: GOMX is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: GOMX's loss is forecast to worsen by 0% next year.

Revenue vs Market: GOMX's revenue (27.3% per year) is forecast to grow faster than the Swedish market (4.5% per year).

High Growth Revenue: GOMX's revenue (27.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: GOMX's Return on Equity is forecast to be low in 3 years time (8.2%).


Next Steps

Past Performance

How has GomSpace Group performed over the past 5 years?

-80.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GOMX is unprofitable, and losses have increased over the past 5 years at a rate of -80.6% per year.

Accelerating Growth: Unable to compare GOMX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GOMX is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (16.4%).


Return on Equity

High ROE: GOMX has a negative Return on Equity (-39.78%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GOMX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GOMX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is GomSpace Group's financial position?


Financial Position Analysis

Short Term Liabilities: GOMX's short term assets (SEK253.9M) exceeds its short term liabilities (SEK78.2M)

Long Term Liabilities: GOMX's short term assets (253.9M) exceeds its long term liabilities (67.5M)


Debt to Equity History and Analysis

Debt Level: GOMX's debt to equity ratio (10.4%) is considered satisfactory

Reducing Debt: GOMX's debt to equity ratio has reduced from 26.6% to 10.4% over the past 5 years.


Balance Sheet

Inventory Level: GOMX has a high level of physical assets or inventory.

Debt Coverage by Assets: GOMX's debt is covered by short term assets (assets are 6.492900x debt).


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.

Stable Cash Runway: GOMX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GOMX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%4.8%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate GOMX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if GOMX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GOMX's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Niels Buus (62yo)

0yrs

Tenure

kr2,829,000

Compensation

Mr. Niels Buus serves as Managing Director and Chief Executive Officer of GomSpace Group AB (publ). Mr. Buus has been Managing Director of GomSpace ApS since 2014. He serves as Chief Executive Officer and  ...


CEO Compensation Analysis

Compensation vs. Market: Niels's total compensation ($USD291.25K) is above average for companies of similar size in the Swedish market ($USD123.43K).

Compensation vs Earnings: Niels's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

0.6yrs

Average Tenure

44yo

Average Age

Experienced Management: GOMX's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

65yo

Average Age

Experienced Board: GOMX's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Niels Buus (62yo)

    CEO & MD

    • Tenure: 0yrs
    • Compensation: kr2.83m
  • Børge Witthøft (67yo)

    Chief Sales Officer of GomSpace ApS

    • Tenure: 3.7yrs
  • Lars Alminde (40yo)

    Chief Commercial Officer

    • Tenure: 0.3yrs
  • Troels Nørmølle (33yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Morten Hvidberg Jeppesen (44yo)

    Chief Technology Officer

    • Tenure: 0.8yrs
  • Peter Worsøe

    Chief Manufacturing Officer

    • Tenure: 0.3yrs

Board Members

  • Niels Jesper Jensen (73yo)

    Director

    • Tenure: 0yrs
    • Compensation: kr125.00k
  • Jukka Pertola (59yo)

    Chairman of the Board

    • Tenure: 3.5yrs
    • Compensation: kr250.00k
  • Hans Schibler (41yo)

    Director

    • Tenure: 0.5yrs
  • Steen Lorenz Johan Hansen (71yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: kr125.00k

Company Information

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


Key Information

  • Name: GomSpace Group AB (publ)
  • Ticker: GOMX
  • Exchange: OM
  • Founded: 2007
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: kr568.750m
  • Shares outstanding: 52.27m
  • Website: https://gomspace.com

Number of Employees


Location

  • GomSpace Group AB (publ)
  • Ulls Väg 29A
  • Uppsala
  • Uppsala County
  • 756 51
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GOMXOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJun 2016
1G2DB (Deutsche Boerse AG)YesShare CapitalDEEURJun 2016
0GE8LSE (London Stock Exchange)YesShare CapitalGBSEKJun 2016

Biography

GomSpace Group AB (publ), through its subsidiaries, designs and manufactures nanosatellites for the academic, government, and commercial markets. It offers global tracking solution for tracking assets; Int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 22:01
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.