OM:INWI

Stock Analysis Report

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Executive Summary

Inwido AB develops, manufactures, and sells windows and doors, and associated services and accessories.


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

How has Inwido's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INWI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.8%

INWI

1.9%

SE Building

2.6%

SE Market


1 Year Return

-2.5%

INWI

5.3%

SE Building

6.0%

SE Market

Return vs Industry: INWI underperformed the Swedish Building industry which returned 5.3% over the past year.

Return vs Market: INWI underperformed the Swedish Market which returned 6% over the past year.


Shareholder returns

INWIIndustryMarket
7 Day3.8%1.9%2.6%
30 Day0.5%-1.7%0.7%
90 Day21.4%23.4%25.9%
1 Year-2.5%-2.5%6.1%5.3%7.5%6.0%
3 Year-38.8%-43.9%31.1%24.7%20.5%7.7%
5 Year-19.7%-30.2%63.9%51.1%37.8%10.6%

Price Volatility Vs. Market

How volatile is Inwido's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

9.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: INWI (SEK65.05) is trading above our estimate of fair value (SEK63.5)

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


Price To Earnings Ratio

PE vs Industry: INWI is good value based on its PE Ratio (9.3x) compared to the Building industry average (18.7x).

PE vs Market: INWI is good value based on its PE Ratio (9.3x) compared to the Swedish market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: INWI is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: INWI is good value based on its PB Ratio (1x) compared to the SE Building industry average (2.5x).


Next Steps

Future Growth

How is Inwido forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INWI's forecast earnings growth (11.5% per year) is above the savings rate (0.5%).

Earnings vs Market: INWI's earnings (11.5% per year) are forecast to grow slower than the Swedish market (17.3% per year).

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

Revenue vs Market: INWI's revenue (2.6% per year) is forecast to grow slower than the Swedish market (6.2% per year).

High Growth Revenue: INWI's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INWI's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

How has Inwido performed over the past 5 years?

5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INWI has high quality earnings.

Growing Profit Margin: INWI's current net profit margins (6.1%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: INWI's earnings have grown by 5.6% per year over the past 5 years.

Accelerating Growth: INWI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: INWI had negative earnings growth (-6.7%) over the past year, making it difficult to compare to the Building industry average (20%).


Return on Equity

High ROE: INWI's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is Inwido's financial position?


Financial Position Analysis

Short Term Liabilities: INWI's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.4B).

Long Term Liabilities: INWI's short term assets (SEK2.1B) do not cover its long term liabilities (SEK2.9B).


Debt to Equity History and Analysis

Debt Level: INWI's debt to equity ratio (64.4%) is considered high.

Reducing Debt: INWI's debt to equity ratio has increased from 49.1% to 64.4% over the past 5 years.

Debt Coverage: INWI's debt is well covered by operating cash flow (35.6%).

Interest Coverage: INWI's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


Next Steps

Dividend

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

5.32%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

9.3yrs

Average management tenure


CEO

Henrik Hjalmarsson (44yo)

1.5yrs

Tenure

kr8,500,000

Compensation

Mr. Henrik Hjalmarsson has been President and Chief Executive Officer of Inwido AB since January 08, 2019. Mr. Hjalmarsson also serves as an Executive Vice President North at Inwido AB. Mr. Hjalmarsson ser ...


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD912.12K) is above average for companies of similar size in the Swedish market ($USD666.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Hjalmarsson
President1.5yrskr8.50m0.024% SEK910.6k
Peter Welin
Deputy CEO & CFO16.5yrsno data0.24% SEK9.2m
Lars Jonsson
Senior Vice President of Operations & Technology5.42yrsno data0.00024% SEK9.0k
Olof Engvall
IR & PR Managerno datano datano data
Jonna Opitz
Senior Vice President of Marketing11.5yrsno data0.035% SEK1.3m
Lena Wessner
Senior Vice President of Human Resources10.5yrsno data0.022% SEK813.0k
Lee Healion
Managing Director of Inwido Irelandno datano datano data
Robert Rutkowski
Managing Director of Inwido Polandno datano datano data
Mikael Carleson
Senior Vice President of Emerging Business Europe8.08yrsno datano data
Daniel Hughes
Managing Director of Inwido UKno datano datano data

9.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: INWI's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christer Wahlquist
Independent Director0.50yrno data0.00069% SEK26.0k
Anders Wassberg
Independent Director11.5yrskr400.00k0.017% SEK650.5k
Kerstin Lindell
Independent Director0.50yrno data0.0069% SEK260.2k
Henriette Schütze
Independent Director2.17yrskr300.00k0.0030% SEK113.9k
Robert Wernersson
Employee Representative Director8.5yrsno datano data
Tony Johansson
Employee Representative Director8.5yrsno datano data
Carin Kärrå
Employee Representative Deputy Director4.5yrsno datano data
Georg Brunstam
Independent Chairman2.67yrskr700.00k0.010% SEK390.3k

3.6yrs

Average Tenure

54yo

Average Age

Experienced Board: INWI's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: INWI 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

Inwido AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inwido AB
  • Ticker: INWI
  • Exchange: OM
  • Founded: 1811
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr3.771b
  • Shares outstanding: 57.97m
  • Website: https://www.inwido.com

Number of Employees


Location

  • Inwido AB
  • Engelbrektsgatan 15
  • Malmö
  • Skåne County
  • 211 33
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INWIOM (OMX Nordic Exchange Stockholm)YesRegistered SharesSESEKSep 2014
INWIsBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBSEKSep 2014
0QXMLSE (London Stock Exchange)YesRegistered SharesGBSEKSep 2014
5IWDB (Deutsche Boerse AG)YesRegistered SharesDEEURSep 2014

Biography

Inwido AB develops, manufactures, and sells windows and doors, and associated services and accessories. The company operates in two segments, North and South. It offers wood, aluminum, and glass products; PVC windows; and fittings and coatings. The company provides its products through various channels, including direct sales, retailers, middlemen, manufacturers of prefabricated homes, and small and large building companies, as well as through e-commerce channels. It operates in Sweden, Denmark, Estonia, Finland, Ireland, Lithuania, Norway, Poland, Romania, the United Kingdom, and Germany. Inwido AB was founded in 1811 and is headquartered in Malmö, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 20:52
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
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.