company background image
INST

InstalcoOM:INSTAL Stock Report

Market Cap

kr23.0b

7D

0.8%

1Y

123.7%

Updated

25 Oct, 2021

Data

Company Financials +
INSTAL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends2/6

INSTAL Overview

Instalco AB (publ) provides installation services in the heating and plumbing, electrical, ventilation, cooling, and industrial areas in Sweden and rest of Nordic.

Instalco Competitors

Bravida Holding

OM:BRAV

kr25.5b

Caverion Oyj

HLSE:CAV1V

€927.8m

Price History & Performance

Summary of all time highs, changes and price drops for Instalco
Historical stock prices
Current Share Pricekr446.60
52 Week Highkr188.80
52 Week Lowkr499.00
Beta0.76
1 Month Change3.62%
3 Month Change3.33%
1 Year Change123.75%
3 Year Change596.72%
5 Year Changen/a
Change since IPO587.08%

Recent News & Updates

Oct 10
Returns On Capital Are Showing Encouraging Signs At Instalco (STO:INSTAL)

Returns On Capital Are Showing Encouraging Signs At Instalco (STO:INSTAL)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Sep 15
Does This Valuation Of Instalco AB (publ) (STO:INSTAL) Imply Investors Are Overpaying?

Does This Valuation Of Instalco AB (publ) (STO:INSTAL) Imply Investors Are Overpaying?

How far off is Instalco AB (publ) ( STO:INSTAL ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

INSTALSE ConstructionSE Market
7D0.8%2.1%2.2%
1Y123.7%16.4%34.1%

Return vs Industry: INSTAL exceeded the Swedish Construction industry which returned 16.4% over the past year.

Return vs Market: INSTAL exceeded the Swedish Market which returned 34.1% over the past year.

Price Volatility

Is INSTAL's price volatile compared to industry and market?
INSTAL volatility
INSTAL Beta0.76
Industry Beta0.97
Market Beta1

Stable Share Price: INSTAL is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: INSTAL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20134,256Robin Bohemanhttps://instalco.se

Instalco AB (publ) provides installation services in the heating and plumbing, electrical, ventilation, cooling, and industrial areas in Sweden and rest of Nordic. The company offers district heating, natural gas, heat pumps, tunnel pipes, and comfort cooling installation; sprinkler systems; water treatment and water consumption; pipe replacement and preventative maintenance; new construction; ongoing repairs; project planning; and service and maintenance services. It also provides electricity services, including design, project planning, and assembly services; alarms and monitoring; technical equipment data network and control; energy optimization through integrated property automation; charging posts for electric cars; remote reading; and service and maintenance.

Instalco Fundamentals Summary

How do Instalco's earnings and revenue compare to its market cap?
INSTAL fundamental statistics
Market Capkr23.03b
Earnings (TTM)kr518.00m
Revenue (TTM)kr7.97b

44.1x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INSTAL income statement (TTM)
Revenuekr7.97b
Cost of Revenuekr4.10b
Gross Profitkr3.88b
Expenseskr3.36b
Earningskr518.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)10.12
Gross Margin48.63%
Net Profit Margin6.50%
Debt/Equity Ratio55.2%

How did INSTAL perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

27%

Payout Ratio

Valuation

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

44.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INSTAL (SEK449.8) is trading above our estimate of fair value (SEK308.15)

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


Price To Earnings Ratio

PE vs Industry: INSTAL is poor value based on its PE Ratio (44.5x) compared to the Swedish Construction industry average (31.8x).

PE vs Market: INSTAL is poor value based on its PE Ratio (44.5x) compared to the Swedish market (23.7x).


Price to Earnings Growth Ratio

PEG Ratio: INSTAL is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: INSTAL is overvalued based on its PB Ratio (10.8x) compared to the SE Construction industry average (3.9x).


Future Growth

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

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INSTAL's forecast earnings growth (12.7% per year) is above the savings rate (0.3%).

Earnings vs Market: INSTAL's earnings (12.7% per year) are forecast to grow faster than the Swedish market (5.6% per year).

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

Revenue vs Market: INSTAL's revenue (11.1% per year) is forecast to grow faster than the Swedish market (4.8% per year).

High Growth Revenue: INSTAL's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INSTAL's Return on Equity is forecast to be high in 3 years time (24.1%)


Past Performance

How has Instalco performed over the past 5 years?

36.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INSTAL has high quality earnings.

Growing Profit Margin: INSTAL's current net profit margins (6.5%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: INSTAL's earnings have grown significantly by 36.7% per year over the past 5 years.

Accelerating Growth: INSTAL's earnings growth over the past year (32.8%) is below its 5-year average (36.7% per year).

Earnings vs Industry: INSTAL earnings growth over the past year (32.8%) exceeded the Construction industry 15.9%.


Return on Equity

High ROE: INSTAL's Return on Equity (24.4%) is considered high.


Financial Health

How is Instalco's financial position?


Financial Position Analysis

Short Term Liabilities: INSTAL's short term assets (SEK2.2B) exceed its short term liabilities (SEK2.2B).

Long Term Liabilities: INSTAL's short term assets (SEK2.2B) exceed its long term liabilities (SEK1.5B).


Debt to Equity History and Analysis

Debt Level: INSTAL's debt to equity ratio (55.2%) is considered high.

Reducing Debt: INSTAL's debt to equity ratio has reduced from 95.6% to 55.2% over the past 5 years.

Debt Coverage: INSTAL's debt is well covered by operating cash flow (53.8%).

Interest Coverage: INSTAL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

0.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: INSTAL's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.91%).

High Dividend: INSTAL's dividend (0.6%) is low compared to the top 25% of dividend payers in the Swedish market (3.55%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, INSTAL has been paying a dividend for less than 10 years.

Growing Dividend: INSTAL's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27%), INSTAL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INSTAL's dividends in 3 years are forecast to be well covered by earnings (26.9% payout ratio).


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Robin Boheman (37 yo)

0.083

Tenure

Mr. Robin Boheman serves as Chief Executive Officer at Instalco AB (publ) since September 1, 2021. He served as Chief Financial Officer of Instalco AB (publ) since November 11, 2019 until September 2021. M...


Leadership Team

Experienced Management: INSTAL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: INSTAL's board of directors are considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: INSTAL 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

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


Key Information

  • Name: Instalco AB (publ)
  • Ticker: INSTAL
  • Exchange: OM
  • Founded: 2013
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: kr23.028b
  • Shares outstanding: 51.20m
  • Website: https://instalco.se

Number of Employees


Location

  • Instalco AB (publ)
  • Lilla Bantorget 11
  • Stockholm
  • Stockholm County
  • 111 23
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 17:53
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
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.