Inission
Market Cap
kr602.2m
Last Updated
2020/01/21 22:01 UTC
Data Sources
Company Financials +
Executive Summary
Inission AB (publ) provides production and logistics services in the field of industrial electronics in Sweden.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record and good value.
Share Price & News
How has Inission's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: INISS B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
12.8%
INISS B
2.0%
SE Electrical
1.6%
SE Market
1 Year Return
143.1%
INISS B
30.4%
SE Electrical
25.4%
SE Market
Return vs Industry: INISS B exceeded the Swedish Electrical industry which returned 29.3% over the past year.
Return vs Market: INISS B exceeded the Swedish Market which returned 26.1% over the past year.
Shareholder returns
| INISS B | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.8% | 2.0% | 1.6% |
| 30 Day | 7.9% | 10.7% | 2.6% |
| 90 Day | -1.6% | 11.2% | 8.5% |
| 1 Year | 147.7%143.1% | 43.7%30.4% | 30.6%25.4% |
| 3 Year | 148.2%143.6% | 23.0%-2.1% | 40.9%19.3% |
| 5 Year | n/a | 170.7%123.2% | 58.5%24.5% |
Price Volatility Vs. Market
How volatile is Inission's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's Why We Think Inission (STO:INISS B) Is Well Worth Watching4 weeks ago | Simply Wall St
Should You Rely On Inission's (STO:INISS B) Earnings Growth?1 month ago | Simply Wall St
Does Inission AB (publ)'s (STO:INISS B) P/E Ratio Signal A Buying Opportunity?Valuation
Is Inission undervalued compared to its fair value and its price relative to the market?
38.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: INISS B (SEK109) is trading below our estimate of fair value (SEK197.03)
Significantly Below Fair Value: INISS B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: INISS B is good value based on its PE Ratio (12.2x) compared to the Electrical industry average (22x).
PE vs Market: INISS B is good value based on its PE Ratio (12.2x) compared to the Swedish market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: INISS B is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: INISS B is overvalued based on its PB Ratio (4.1x) compared to the SE Electrical industry average (3.9x).
Next Steps
Future Growth
How is Inission forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INISS B's forecast earnings growth (12.2% per year) is above the savings rate (-0.4%).
Earnings vs Market: INISS B's earnings (12.2% per year) are forecast to grow faster than the Swedish market (9.6% per year).
High Growth Earnings: INISS B's earnings are forecast to grow, but not significantly.
Revenue vs Market: INISS B's revenue (3.7% per year) is forecast to grow slower than the Swedish market (4.4% per year).
High Growth Revenue: INISS B'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: INISS B's Return on Equity is forecast to be high in 3 years time (27.3%)
Next Steps
Past Performance
How has Inission performed over the past 5 years?
30.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INISS B has high quality earnings.
Growing Profit Margin: INISS B's current net profit margins (4.5%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: INISS B's earnings have grown significantly by 30.1% per year over the past 5 years.
Accelerating Growth: INISS B's earnings growth over the past year (77.2%) exceeds its 5-year average (30.1% per year).
Earnings vs Industry: INISS B earnings growth over the past year (77.2%) exceeded the Electrical industry 9.6%.
Return on Equity
High ROE: INISS B's Return on Equity (31.6%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Inission's financial position?
Financial Position Analysis
Short Term Liabilities: INISS B's short term assets (SEK448.7M) exceed its short term liabilities (SEK286.4M).
Long Term Liabilities: INISS B's short term assets (SEK448.7M) exceed its long term liabilities (SEK81.7M).
Debt to Equity History and Analysis
Debt Level: INISS B's debt to equity ratio (84.3%) is considered high.
Reducing Debt: INISS B's debt to equity ratio has increased from 55.1% to 84.3% over the past 5 years.
Debt Coverage: INISS B's debt is well covered by operating cash flow (56.4%).
Interest Coverage: INISS B's interest payments on its debt are well covered by EBIT (8.7x coverage).
Balance Sheet
Inventory Level: INISS B has a high level of physical assets or inventory.
Debt Coverage by Assets: INISS B's debt is covered by short term assets (assets are 3.8x debt).
Next Steps
Dividend
What is Inission's current dividend yield, its reliability and sustainability?
1.22%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: INISS B's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.57%).
High Dividend: INISS B's dividend (1.38%) is low compared to the top 25% of dividend payers in the Swedish market (4.45%).
Stability and Growth of Payments
Stable Dividend: INISS B has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: INISS B's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16.8%), INISS B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INISS B's dividends in 3 years are forecast to be well covered by earnings (21.1% payout ratio).
Next Steps
Management
What is the CEO of Inission's salary, the management and board of directors tenure and is there insider trading?
CEO
Fredrik Berghel (52yo)
5yrs
Tenure
Mr. Fredrik Berghel, M.Sc. (Eng.) has been Chief Executive Officer and President of Inission AB since 2015 and 2008 respectively. Mr. Berghel serves as Chairman of the Board at Inission Ab. He served as th ...
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Head of Purchase |
| Shares | 3,671 |
| Max Price | kr113.90 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 259 |
| Max Price | kr84.00 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 554 |
| Max Price | kr84.00 |
| Entity | Individual |
| Role | Senior Key Executive Head of Purchase |
| Shares | 1,171 |
| Max Price | kr81.00 |
| Entity | Individual |
| Role | Senior Key Executive Head of Purchase |
| Shares | 2,500 |
| Max Price | kr82.00 |
| Entity | Individual |
| Shares | 18,000 |
| Max Price | kr54.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Peter Lindegren (54yo)
Head of Purchase
- Tenure: 4yrs
Stefan Westberg
Chief Financial Officer
Fredrik Berghel (52yo)
Chairman of the Board
- Tenure: 5yrs
Olle Hulteberg (57yo)
Head of Marketing & Operational Management and Director
Stefan Jonsson
Head of Sales
Board Members
Hans Linnarson (67yo)
Board Member
Karin Skoglund (60yo)
Director
Lars Wingefors (42yo)
Director
Fredrik Berghel (52yo)
Chairman of the Board
- Tenure: 5yrs
Olle Hulteberg (57yo)
Head of Marketing & Operational Management and Director
Lars Atterfors (53yo)
Director
Mattias Hultheimer (48yo)
Director
Company Information
Inission AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Inission AB (publ)
- Ticker: INISS B
- Exchange: OM
- Founded: 1973
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: kr602.167m
- Shares outstanding: 4.90m
- Website: https://www.inission.com
Location
- Inission AB (publ)
- Lantvärnsgatan 4
- Karlstad
- Värmland County
- 652 21
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INISS B | OM (OMX Nordic Exchange Stockholm) | SER'B'NPV (POST SPLIT) | SE | SEK | No data | |
| INISS B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Jun 2015 |
Biography
Inission AB (publ) provides production and logistics services in the field of industrial electronics in Sweden. The company offers development, sourcing, manufacturing, logistics, and life cycle guarantee services for medical technology, automotive, measuring instruments, telecommunications, marine, and control technology industries. Inission AB (publ) was founded in 1973 and is based in Karlstad, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 22:01 |
| End of Day Share Price | 2020/01/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.