Haldex AB (publ), together with its subsidiaries, develops, produces, and sells brake and air suspension products.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr51.10|
|52 Week High||kr35.10|
|52 Week Low||kr64.30|
|1 Month Change||9.54%|
|3 Month Change||-0.39%|
|1 Year Change||27.43%|
|3 Year Change||-27.00%|
|5 Year Change||-56.51%|
|Change since IPO||-6.24%|
Recent News & Updates
The Returns At Haldex (STO:HLDX) Aren't Growing
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Return Trends At Haldex (STO:HLDX) Aren't Appealing
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
|HLDX||SE Machinery||SE Market|
Return vs Industry: HLDX underperformed the Swedish Machinery industry which returned 32.9% over the past year.
Return vs Market: HLDX underperformed the Swedish Market which returned 33.3% over the past year.
Stable Share Price: HLDX is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HLDX's weekly volatility (6%) has been stable over the past year.
About the Company
Haldex AB (publ), together with its subsidiaries, develops, produces, and sells brake and air suspension products. The company offers foundation brake products, such as disc brakes, brake adjusters, and actuators; and air controls, including compressed air dryers, valves, anti-lock braking systems, and electronic braking systems, as well as parking brake controls, and suspension systems. It markets and sells its products to heavy trucks, trailers, buses, and axle manufacturers, as well as the aftermarket.
Haldex Fundamentals Summary
|HLDX fundamental statistics|
Is HLDX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HLDX income statement (TTM)|
|Cost of Revenue||kr3.16b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 10, 2022
|Earnings per share (EPS)||2.94|
|Net Profit Margin||3.24%|
How did HLDX perform over the long term?See historical performance and comparison
Is Haldex undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HLDX (SEK51.1) is trading below our estimate of fair value (SEK136.63)
Significantly Below Fair Value: HLDX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HLDX is good value based on its PE Ratio (17.4x) compared to the Swedish Machinery industry average (27.9x).
PE vs Market: HLDX is good value based on its PE Ratio (17.4x) compared to the Swedish market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: HLDX is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: HLDX is good value based on its PB Ratio (1.6x) compared to the SE Machinery industry average (3.7x).
How is Haldex forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HLDX's forecast earnings growth (42.9% per year) is above the savings rate (0.3%).
Earnings vs Market: HLDX's earnings (42.9% per year) are forecast to grow faster than the Swedish market (5.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HLDX's revenue (4.4% per year) is forecast to grow slower than the Swedish market (4.8% per year).
High Growth Revenue: HLDX's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HLDX's Return on Equity is forecast to be low in 3 years time (18.8%).
How has Haldex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HLDX has high quality earnings.
Growing Profit Margin: HLDX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HLDX's earnings have declined by 42.9% per year over the past 5 years.
Accelerating Growth: HLDX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HLDX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (34.4%).
Return on Equity
High ROE: HLDX's Return on Equity (9.2%) is considered low.
How is Haldex's financial position?
Financial Position Analysis
Short Term Liabilities: HLDX's short term assets (SEK2.5B) exceed its short term liabilities (SEK1.1B).
Long Term Liabilities: HLDX's short term assets (SEK2.5B) exceed its long term liabilities (SEK1.9B).
Debt to Equity History and Analysis
Debt Level: HLDX's debt to equity ratio (88.4%) is considered high.
Reducing Debt: HLDX's debt to equity ratio has increased from 20.4% to 88.4% over the past 5 years.
Debt Coverage: HLDX's debt is not well covered by operating cash flow (10%).
Interest Coverage: HLDX's interest payments on its debt are well covered by EBIT (8.3x coverage).
What is Haldex current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HLDX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HLDX'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 HLDX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HLDX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HLDX is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HLDX's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-Luc Desire (51 yo)
Mr. Jean-Luc Desire serves as Chief Executive Officer at Haldex AB (publ) since June 14, 2021 and has been its President sine June 2021. He has been Vice President and General Manager of Europe Ride Perfor...
Experienced Management: HLDX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: HLDX's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Haldex AB (publ)'s employee growth, exchange listings and data sources
- Name: Haldex AB (publ)
- Ticker: HLDX
- Exchange: OM
- Founded: 1887
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: kr2.485b
- Shares outstanding: 48.63m
- Website: https://www.haldex.com
Number of Employees
- Haldex AB (publ)
- Instrumentgatan 15
- Box 507
- Skåne County
- 261 24
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 20:56|
|End of Day Share Price||2021/10/22 00:00|
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.