OM:INDT

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with proven 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 is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: INDT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

INDT

3.1%

SE Trade Distributors

0.7%

SE Market


1 Year Return

53.9%

INDT

39.7%

SE Trade Distributors

19.6%

SE Market

Return vs Industry: INDT exceeded the Swedish Trade Distributors industry which returned 39.5% over the past year.

Return vs Market: INDT exceeded the Swedish Market which returned 18.6% over the past year.


Shareholder returns

INDTIndustryMarket
7 Day3.2%3.1%0.7%
30 Day5.5%10.5%11.1%
90 Day2.8%-2.5%8.0%
1 Year53.9%53.9%40.3%39.7%21.5%19.6%
3 Year116.4%109.3%112.3%103.1%42.2%26.7%
5 Year234.1%212.1%252.7%200.6%68.1%35.7%

Long-Term 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?

35.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INDT (SEK476) is trading above our estimate of fair value (SEK283.75)

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 (35.6x) compared to the SE Trade Distributors industry average (22.8x).

PE vs Market: INDT is poor value based on its PE Ratio (35.6x) compared to the Swedish market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: INDT is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: INDT is overvalued based on its PB Ratio (6.9x) compared to the SE Trade Distributors industry average (3x).


Next Steps

Future Growth

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

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDT's forecast earnings growth (9.5% per year) is above the savings rate (0.5%).

Earnings vs Market: INDT's earnings (9.5% per year) are forecast to grow slower than the Swedish market (11.4% per year).

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

Revenue vs Market: INDT's revenue (4.6% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: INDT's revenue (4.6% 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 (20.4%)


Next Steps

Past Performance

How has Indutrade performed over the past 5 years?

13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDT has high quality earnings.

Growing Profit Margin: INDT's current net profit margins (8.5%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: INDT's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: INDT's earnings growth over the past year (11.1%) is below its 5-year average (13.3% per year).

Earnings vs Industry: INDT earnings growth over the past year (11.1%) exceeded the Trade Distributors industry -6.8%.


Return on Equity

High ROE: INDT's Return on Equity (19.5%) is considered low.


Next Steps

Financial Health

How is Indutrade's financial position?


Financial Position Analysis

Short Term Liabilities: INDT's short term assets (SEK8.0B) exceed its short term liabilities (SEK4.1B).

Long Term Liabilities: INDT's short term assets (SEK8.0B) exceed its long term liabilities (SEK5.8B).


Debt to Equity History and Analysis

Debt Level: INDT's debt to equity ratio (54.5%) is considered high.

Reducing Debt: INDT's debt to equity ratio has reduced from 102.6% to 54.5% over the past 5 years.

Debt Coverage: INDT's debt is well covered by operating cash flow (60.1%).

Interest Coverage: INDT's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


Next Steps

Dividend

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

1.27%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate INDT'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 INDT's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: INDT is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INDT'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?

2.8yrs

Average management tenure


CEO

Bo Annvik (55 yo)

3.58yrs

Tenure

kr15,454,000

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 ($USD1.80M) is about average for companies of similar size in the Swedish market ($USD2.38M).

Compensation vs Earnings: Bo's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bo Annvik
CEO, President & Director3.58yrskr15.45m0.033%
SEK 19.1m
Patrik Johnson
Chief Financial Officer2.33yrsno datano data
Frida Adrian
Member of Group Managementno datano data0.00041%
SEK 236.7k
Åsa Wirsenius
Vice President of Group Human Resources2.17yrsno datano data
Claes Hjalmarson
Head of Acquisition & Business Developmentno datano datano data
Peter Eriksson
Senior VP & Advisor to the CEO2.83yrsno data0.036%
SEK 21.0m
Juha Kujala
Senior Vice President of Finland2.83yrsno data0.0083%
SEK 4.8m
Göte Mattsson
Senior Vice President of Fluids & Mechanical Solutions2.83yrsno data0.013%
SEK 7.7m
Susann Nyberg
Head of Group Finance5.83yrsno data0.0070%
SEK 4.1m
Patrik Stolpe
Senior Vice President of Measurement & Sensor Technology2.83yrsno data0.0046%
SEK 2.6m
Joakim Skantze
Senior Vice President of Industrial Components2.83yrsno data0.0050%
SEK 2.9m
Morgan O'Brien
Senior Vice President of Flow Technology2.83yrsno data0.00061%
SEK 352.2k

2.8yrs

Average Tenure

55yo

Average Age

Experienced Management: INDT's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bo Annvik
CEO, President & Director3.58yrskr15.45m0.033%
SEK 19.1m
Lars Pettersson
Independent Director7.25yrskr318.00k0.0017%
SEK 998.9k
Bengt Kjell
Independent Vice Chairman7.25yrskr461.00k0.041%
SEK 23.8m
Ulf Lundahl
Independent Director14.83yrskr360.00k0.0099%
SEK 5.7m
Susanna Campbell
Independent Director3.58yrskr289.00k0.0016%
SEK 952.7k
Krister Mellvé
Independent Director8.83yrskr289.00k0.039%
SEK 22.6m
Katarina Martinson
Independent Chairwoman2.58yrskr624.00kno data
Anders Jernhall
Independent Director2.58yrskr309.00k0.00083%
SEK 479.3k

5.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: INDT's board of directors are considered experienced (5.4 years average tenure).


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

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: kr57.742b
  • Shares outstanding: 121.21m
  • Website: https://www.indutrade.com

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 &...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 20:02
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
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.