Instalco
Market Cap
kr16.0b
Last Updated
2021/03/05 20:30 UTC
Data Sources
Company Financials +
Executive Summary
Instalco AB (publ) provides installation services in the heating and plumbing, electrical, ventilation, cooling, and industrial areas in Sweden and rest of Nordic. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Instalco's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
0.6%
INSTAL
2.7%
SE Construction
1.1%
SE Market
1 Year Return
141.1%
INSTAL
13.1%
SE Construction
30.9%
SE Market
Return vs Industry: INSTAL exceeded the Swedish Construction industry which returned 8.6% over the past year.
Return vs Market: INSTAL exceeded the Swedish Market which returned 28.3% over the past year.
Shareholder returns
| INSTAL | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 2.7% | 1.1% |
| 30 Day | 11.3% | -3.5% | 0.9% |
| 90 Day | 39.7% | -0.3% | 8.8% |
| 1 Year | 145.4%141.1% | 15.9%13.1% | 34.1%30.9% |
| 3 Year | 519.5%486.6% | 59.7%44.1% | 54.6%35.6% |
| 5 Year | n/a | 54.8%16.8% | 84.9%45.3% |
Long-Term Price Volatility Vs. Market
How volatile is Instalco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In Instalco AB (publ) (STO:INSTAL)4 days ago | Simply Wall St
Could The Instalco AB (publ) (STO:INSTAL) Ownership Structure Tell Us Something Useful?3 weeks ago | Simply Wall St
Is Instalco (STO:INSTAL) Using Too Much Debt?Valuation
Is Instalco undervalued compared to its fair value and its price relative to the market?
34.12x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: INSTAL (SEK311.5) is trading above our estimate of fair value (SEK227.96)
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 (34.1x) compared to the SE Construction industry average (32.3x).
PE vs Market: INSTAL is poor value based on its PE Ratio (34.1x) compared to the Swedish market (23.9x).
Price to Earnings Growth Ratio
PEG Ratio: INSTAL is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: INSTAL is overvalued based on its PB Ratio (8.2x) compared to the SE Construction industry average (3.2x).
Next Steps
Future Growth
How is Instalco forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INSTAL's forecast earnings growth (14.9% per year) is above the savings rate (0.4%).
Earnings vs Market: INSTAL's earnings (14.9% per year) are forecast to grow faster than the Swedish market (8.3% per year).
High Growth Earnings: INSTAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: INSTAL's revenue (11.7% per year) is forecast to grow faster than the Swedish market (3.4% per year).
High Growth Revenue: INSTAL's revenue (11.7% 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 (23.1%)
Next Steps
Past Performance
How has Instalco performed over the past 5 years?
39.9%
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 lower than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: INSTAL's earnings have grown significantly by 39.9% per year over the past 5 years.
Accelerating Growth: INSTAL's earnings growth over the past year (24.8%) is below its 5-year average (39.9% per year).
Earnings vs Industry: INSTAL earnings growth over the past year (24.8%) underperformed the Construction industry 30.8%.
Return on Equity
High ROE: INSTAL's Return on Equity (23.4%) is considered high.
Next Steps
Financial Health
How is Instalco's financial position?
Financial Position Analysis
Short Term Liabilities: INSTAL's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.9B).
Long Term Liabilities: INSTAL's short term assets (SEK2.1B) exceed its long term liabilities (SEK1.3B).
Debt to Equity History and Analysis
Debt Level: INSTAL's debt to equity ratio (55.7%) is considered high.
Reducing Debt: INSTAL's debt to equity ratio has reduced from 143.2% to 55.7% over the past 5 years.
Debt Coverage: INSTAL's debt is well covered by operating cash flow (62.7%).
Interest Coverage: INSTAL's interest payments on its debt are well covered by EBIT (68.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Instalco current dividend yield, its reliability and sustainability?
0.87%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: INSTAL's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.23%).
High Dividend: INSTAL's dividend (0.87%) is low compared to the top 25% of dividend payers in the Swedish market (3.59%).
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 (29.6%), 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 (29.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average board tenure
CEO
Per Sjostrand (62 yo)
no data
Tenure
kr2,532,000
Compensation
Mr. Per Sjöstrand serves as the Chief Executive Officer of Instalco Holding AB and Instalco AB (publ). Mr. Sjöstrand is Founder of Instalco AB (publ) (formerly known as Instalco Intressenter AB (publ) and ...
CEO Compensation Analysis
Compensation vs Market: Per's total compensation ($USD296.20K) is below average for companies of similar size in the Swedish market ($USD901.49K).
Compensation vs Earnings: Per's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5.17yrs | kr250.00k | 0.069% SEK 11.0m | |
| Independent Director | 2.83yrs | kr400.00k | no data | |
| Independent Director | 2.83yrs | kr250.00k | no data | |
| Independent Chairman of the Board | 7.17yrs | kr500.00k | no data | |
| Independent Director | 2.83yrs | kr300.00k | no data | |
| Independent Director | 2.83yrs | kr300.00k | 0.012% SEK 1.9m |
2.8yrs
Average Tenure
60.5yo
Average Age
Experienced Board: INSTAL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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 been diluted in the past year, with total shares outstanding growing by 3.6%.
Top Shareholders
Company Information
Instalco AB (publ)'s company bio, 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: kr16.009b
- Shares outstanding: 51.23m
- Website: https://instalco.se
Number of Employees
Location
- Instalco AB (publ)
- Lilla Bantorget 11
- Stockholm
- Stockholm County
- 111 23
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| INSTAL | OM (OMX Nordic Exchange Stockholm) | Yes | Class A Ordinary Shares | SE | SEK | May 2017 |
| 0RP5 | LSE (London Stock Exchange) | Yes | Class A Ordinary Shares | GB | SEK | May 2017 |
| 4II | DB (Deutsche Boerse AG) | Yes | Class A Ordinary Shares | DE | EUR | May 2017 |
| INSTAS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class A Ordinary Shares | GB | SEK | May 2017 |
Biography
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, natu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 20:30 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.