OM:INDT

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Excellent balance sheet with acceptable track record.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.0%

INDT

5.4%

SE Trade Distributors

4.5%

SE Market


1 Year Return

-4.2%

INDT

0.1%

SE Trade Distributors

-10.2%

SE Market

Return vs Industry: INDT underperformed the Swedish Trade Distributors industry which returned 3.4% over the past year.

Return vs Market: INDT exceeded the Swedish Market which returned -7.1% over the past year.


Shareholder returns

INDTIndustryMarket
7 Day4.0%5.4%4.5%
30 Day-24.1%-28.8%-23.1%
90 Day-25.0%-29.9%-23.8%
1 Year-2.7%-4.2%2.1%0.1%-7.4%-10.2%
3 Year55.8%48.4%54.0%40.2%-0.2%-15.4%
5 Year110.2%92.6%132.0%90.9%8.5%-14.7%

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?

28.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INDT (SEK253.4) is trading below our estimate of fair value (SEK355.09)

Significantly Below Fair Value: INDT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: INDT is poor value based on its PE Ratio (20.7x) compared to the Trade Distributors industry average (10x).

PE vs Market: INDT is poor value based on its PE Ratio (20.7x) compared to the Swedish market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: INDT is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: INDT is overvalued based on its PB Ratio (4.3x) compared to the SE Trade Distributors industry average (1.4x).


Next Steps

Future Growth

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

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDT's forecast earnings growth (6.2% per year) is above the savings rate (-0.4%).

Earnings vs Market: INDT's earnings (6.2% per year) are forecast to grow slower than the Swedish market (7.8% per year).

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

Revenue vs Market: INDT's revenue (3.7% per year) is forecast to grow slower than the Swedish market (4.1% per year).

High Growth Revenue: INDT's revenue (3.7% 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 low in 3 years time (19.5%).


Next Steps

Past Performance

How has Indutrade performed over the past 5 years?

13.9%

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%) are lower than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: INDT's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: INDT's earnings growth over the past year (8.4%) is below its 5-year average (13.9% per year).

Earnings vs Industry: INDT earnings growth over the past year (8.4%) underperformed the Trade Distributors industry 9.2%.


Return on Equity

High ROE: INDT's Return on Equity (20.7%) is considered high.


Next Steps

  • Explore strong past performing companies in the Capital Goods industry.

Financial Health

How is Indutrade's financial position?


Financial Position Analysis

Short Term Liabilities: INDT's short term assets (SEK7.7B) exceed its short term liabilities (SEK4.9B).

Long Term Liabilities: INDT's short term assets (SEK7.7B) exceed its long term liabilities (SEK5.4B).


Debt to Equity History and Analysis

Debt Level: INDT's debt to equity ratio (76.2%) is considered high.

Reducing Debt: INDT's debt to equity ratio has reduced from 80.5% to 76.2% over the past 5 years.

Debt Coverage: INDT's debt is well covered by operating cash flow (35.2%).

Interest Coverage: INDT's interest payments on its debt are well covered by EBIT (20.1x 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 1.4x debt).


Next Steps

Dividend

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

1.87%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 28 2020Ex Dividend DateMay 07 2020Dividend Pay DateMay 13 20206 days from Ex DividendBuy in the next 39 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: INDT's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (2.1%).

High Dividend: INDT's dividend (1.87%) is low compared to the top 25% of dividend payers in the Swedish market (6.51%).


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 (38.7%), 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 (33.5% payout ratio).


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Bo Annvik (54yo)

2.92s

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 ($USD0.00) is below average for companies of similar size in the Swedish market ($USD1.37M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Bo Annvik
CEO, President & Director2.92yrskr10.34mno data
Patrik Johnson
Chief Financial Officer1.67yrsno datano data
Frida Adrian
Member of Group Managementno datano data0.00025% SEK76.6k
Åsa Wirsenius
Vice President of Group Human Resources1.5yrsno datano data
Claes Hjalmarson
Head of Acquisition & Business Developmentno datano datano data
Peter Eriksson
Senior VP & Advisor to the CEO2.17yrsno data0.037% SEK11.2m
Juha Kujala
Senior Vice President of Finland2.17yrsno data0.0083% SEK2.5m
Göte Mattsson
Senior Vice President of Fluids & Mechanical Solutions2.17yrsno data0.013% SEK4.1m
Susann Nyberg
Head of Group Finance5.17yrsno data0.0039% SEK1.2m
Patrik Stolpe
Senior Vice President of Measurement & Sensor Technology2.17yrsno data0.0046% SEK1.4m

2.2yrs

Average Tenure

54yo

Average Age

Experienced Management: INDT's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bo Annvik
CEO, President & Director2.92yrskr10.34mno data
Lars Pettersson
Independent Director6.58yrskr298.00k0.0017% SEK532.9k
Bengt Kjell
Independent Vice Chairman6.58yrskr433.00k0.050% SEK15.2m
Ulf Lundahl
Independent Director14.17yrskr331.00k0.0099% SEK3.0m
Susanna Campbell
Independent Director2.92yrskr181.00k0.0016% SEK505.3k
Krister Mellvé
Independent Director8.17yrskr271.00k0.039% SEK12.0m
Katarina Martinson
Independent Chairwoman1.92yrskr271.00kno data
Anders Jernhall
Independent Director1.92yrsno data0.00083% SEK254.2k

4.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: INDT's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: INDT insiders have only sold shares 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

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: kr30.625b
  • 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
IDDW.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDOct 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 & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology, and UK. It is involved in the sale of components, as well as the customization, combination, and installation of products from various suppliers. The company also offers components and systems for controlling, measuring, monitoring, and regulating flows. In addition, it provides hydraulic and mechanical components, as well as offers a range of components and systems for industrial production and maintenance, and medical technology equipment. Further, the company provides measurement instruments, measurement systems, sensors, control and regulating technology, and monitoring equipment. Additionally, it offers custom-manufactured niche products, design solutions, aftermarket and assembly services, and customization services. The company valves, hydraulic and industrial equipment, measurement and process technology, automation products, construction materials, service, filters, pipes and pipe systems, tools and transmission, industrial springs, water and wastewater fittings, steel profiles, compressors, folding and movable walls, product labelling, construction plastics, chemical technology, fasteners, electronics, vehicles, energy, springs, piston rings, press work, and valve channels. Indutrade AB (publ) was founded in 1978 and is headquartered in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 21:17
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.