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HLDX

HaldexOM:HLDX Stock Report

Market Cap

kr2.5b

7D

9.3%

1Y

27.4%

Updated

22 Oct, 2021

Data

Company Financials +
HLDX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health3/6
Dividends0/6

HLDX Overview

Haldex AB (publ), together with its subsidiaries, develops, produces, and sells brake and air suspension products.

Haldex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Haldex
Historical stock prices
Current Share Pricekr51.10
52 Week Highkr35.10
52 Week Lowkr64.30
Beta1.46
1 Month Change9.54%
3 Month Change-0.39%
1 Year Change27.43%
3 Year Change-27.00%
5 Year Change-56.51%
Change since IPO-6.24%

Recent News & Updates

Oct 21
The Returns At Haldex (STO:HLDX) Aren't Growing

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...

Jul 20
Return Trends At Haldex (STO:HLDX) Aren't Appealing

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...

Shareholder Returns

HLDXSE MachinerySE Market
7D9.3%1.5%2.4%
1Y27.4%32.9%33.3%

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.

Price Volatility

Is HLDX's price volatile compared to industry and market?
HLDX volatility
HLDX Beta1.46
Industry Beta1.03
Market Beta1

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

FoundedEmployeesCEOWebsite
18872,026Jean-Luc Desirehttps://www.haldex.com

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

How do Haldex's earnings and revenue compare to its market cap?
HLDX fundamental statistics
Market Capkr2.48b
Earnings (TTM)kr143.00m
Revenue (TTM)kr4.41b

17.4x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLDX income statement (TTM)
Revenuekr4.41b
Cost of Revenuekr3.16b
Gross Profitkr1.25b
Expenseskr1.10b
Earningskr143.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)2.94
Gross Margin28.28%
Net Profit Margin3.24%
Debt/Equity Ratio88.4%

How did HLDX perform over the long term?

See historical performance and comparison

Valuation

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

>50%

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).


Future Growth

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

42.9%

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%).


Past Performance

How has Haldex performed over the past 5 years?

-42.9%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Haldex current dividend yield, its reliability and sustainability?

3.98%

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.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Jean-Luc Desire (51 yo)

0.33

Tenure

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...


Leadership Team

Experienced Management: HLDX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: HLDX's board of directors are not considered experienced ( 1.3 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: 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

Haldex AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Haldex AB (publ)
  • Instrumentgatan 15
  • Box 507
  • Landskrona
  • Skåne County
  • 261 24
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 20:56
End of Day Share Price2021/10/22 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.