OM:INDT

Stock Analysis Report

Executive Summary

Indutrade AB (publ) markets and sells components, systems, and services to various industries worldwide.

Snowflake

Fundamentals

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: INDT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.0%

INDT

0.2%

SE Trade Distributors

-0.4%

SE Market


1 Year Return

40.7%

INDT

45.9%

SE Trade Distributors

17.9%

SE Market

Return vs Industry: INDT underperformed the Swedish Trade Distributors industry which returned 45.9% over the past year.

Return vs Market: INDT exceeded the Swedish Market which returned 17.9% over the past year.


Shareholder returns

INDTIndustryMarket
7 Day2.0%0.2%-0.4%
30 Day13.9%9.0%3.8%
90 Day15.7%13.8%12.6%
1 Year43.0%40.7%48.8%45.9%23.1%17.9%
3 Year88.4%79.4%115.9%96.1%36.8%15.8%
5 Year247.6%218.6%246.5%178.1%59.2%25.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

25.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INDT (SEK310.6) is trading above our estimate of fair value (SEK299.75)

Significantly Below Fair Value: INDT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: INDT is poor value based on its PE Ratio (25.8x) compared to the Trade Distributors industry average (14.8x).

PE vs Market: INDT is poor value based on its PE Ratio (25.8x) compared to the Swedish market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: INDT is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: INDT is overvalued based on its PB Ratio (5.4x) compared to the SE Trade Distributors industry average (2.4x).


Next Steps

Future Growth

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

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDT's forecast earnings growth (6.3% per year) is above the savings rate (0.4%).

Earnings vs Market: INDT's earnings (6.3% per year) are forecast to grow slower than the Swedish market (9.5% per year).

High Growth Earnings: INDT's earnings are forecast to grow, but not significantly.

Revenue vs Market: INDT's revenue (3.9% per year) is forecast to grow slower than the Swedish market (4.4% per year).

High Growth Revenue: INDT's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INDT's Return on Equity is forecast to be high in 3 years time (20.3%)


Next Steps

Past Performance

How has Indutrade performed over the past 5 years?

14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDT has high quality earnings.

Growing Profit Margin: INDT's current net profit margins (8.1%) are higher than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: INDT's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: INDT's earnings growth over the past year (24.2%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: INDT earnings growth over the past year (24.2%) exceeded the Trade Distributors industry 9.7%.


Return on Equity

High ROE: INDT's Return on Equity (20.9%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Indutrade's financial position?


Financial Position Analysis

Short Term Liabilities: INDT's short term assets (SEK7.9B) exceeds its short term liabilities (SEK5.5B)

Long Term Liabilities: INDT's short term assets (7.9B) exceeds its long term liabilities (5.3B)


Debt to Equity History and Analysis

Debt Level: INDT's debt to equity ratio (95.4%) is considered high

Reducing Debt: INDT's debt to equity ratio has reduced from 98.1% to 95.4% over the past 5 years.

Debt Coverage: INDT's debt is well covered by operating cash flow (27%).

Interest Coverage: INDT's interest payments on its debt are well covered by EBIT (21.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: INDT's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

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

1.45%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.7%markettop25%4.7%industryaverage1.7%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: INDT's dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.71%).

High Dividend: INDT's dividend (1.45%) is low compared to the top 25% of dividend payers in the Swedish market (4.74%).


Stability and Growth of Payments

Stable Dividend: INDT's dividend payments have been volatile in the past 10 years.

Growing Dividend: INDT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), INDT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INDT's dividends in 3 years are forecast to be well covered by earnings (36.1% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Bo Annvik (54yo)

2.6yrs

Tenure

kr10,342,000

Compensation

Mr. Bo Annvik, M. Sc. (Econ.), has been the Chief Executive Officer and President of Indutrade AB (publ) since he joined in April 26, 2017. Mr. Annvik has been a Director of SSAB since April 8, 2019. He ha ...


CEO Compensation Analysis

Compensation vs Market: Bo's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD808.85K).

Compensation vs Earnings: Insufficient data to compare Bo's compensation with company performance.


Management Age and Tenure

1.8yrs

Average Tenure

54yo

Average Age

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


Board Age and Tenure

4.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: INDT's board of directors are considered experienced (4.4 years average tenure).


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Bo Annvik (54yo)

    CEO, President & Director

    • Tenure: 2.6yrs
    • Compensation: kr10.34m
  • Peter Eriksson (66yo)

    Senior VP & Advisor to the CEO

    • Tenure: 1.8yrs
  • Claes Hjalmarson (65yo)

    Head of Acquisition & Business Development

    • Tenure: 0yrs
  • Patrik Stolpe (54yo)

    Senior Vice President of Measurement & Sensor Technology

    • Tenure: 1.8yrs
  • Juha Kujala (52yo)

    Senior Vice President of Finland

    • Tenure: 1.8yrs
  • Göte Mattsson (64yo)

    Senior Vice President of Fluids & Mechanical Solutions

    • Tenure: 1.8yrs
  • Susann Nyberg (56yo)

    Head of Group Finance

    • Tenure: 4.8yrs
  • Frida Adrian (42yo)

    Member of Group Management

    • Tenure: 0yrs
  • Patrik Johnson (49yo)

    Chief Financial Officer

    • Tenure: 1.3yrs
  • Åsa Wirsenius (42yo)

    Vice President of Group Human Resources

    • Tenure: 1.2yrs

Board Members

  • Lars Pettersson (65yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: kr298.00k
  • Bengt Kjell (65yo)

    Independent Vice Chairman

    • Tenure: 6.3yrs
    • Compensation: kr433.00k
  • Ulf Lundahl (67yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: kr331.00k
  • Susanna Campbell (46yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: kr181.00k
  • Krister Mellvé (70yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: kr271.00k
  • Bo Annvik (54yo)

    CEO, President & Director

    • Tenure: 2.6yrs
    • Compensation: kr10.34m
  • Katarina Martinson (38yo)

    Independent Chairwoman

    • Tenure: 1.6yrs
    • Compensation: kr271.00k
  • Anders Jernhall (49yo)

    Independent Director

    • Tenure: 1.6yrs

Company Information

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


Key Information

  • Name: Indutrade AB (publ)
  • Ticker: INDT
  • Exchange: OM
  • Founded: 1978
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: kr37.538b
  • Shares outstanding: 120.86m
  • Website: https://www.indutrade.se

Number of Employees


Location

  • Indutrade AB (publ)
  • Raseborgsgatan 9
  • Box 6044
  • Stockholm
  • Stockholm County
  • 164 06
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INDTOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKOct 2005
I1MDB (Deutsche Boerse AG)YesShare CapitalDEEUROct 2005
0H30LSE (London Stock Exchange)YesShare CapitalGBSEKOct 2005
INDTsBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBSEKOct 2005

Biography

Indutrade AB (publ) markets and sells components, systems, and services to various industries worldwide. The company operates through eight business areas: Benelux, DACH, Finland, Flow Technology, Fluids & ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 20:52
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
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.