OM:LIAB

Stock Analysis Report

Lindab International

Executive Summary

Lindab International AB (publ) develops, manufactures, markets, and distributes products and system solutions for construction and improved indoor climate.

Snowflake

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.7%

LIAB

2.3%

SE Building

-1.5%

SE Market


1 Year Return

68.2%

LIAB

40.6%

SE Building

18.6%

SE Market

Return vs Industry: LIAB exceeded the Swedish Building industry which returned 40.6% over the past year.

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


Shareholder returns

LIABIndustryMarket
7 Day1.7%2.3%-1.5%
30 Day8.6%4.8%0.6%
90 Day8.8%12.9%10.1%
1 Year71.1%68.2%43.0%40.6%23.7%18.6%
3 Year51.0%43.0%54.6%47.0%34.4%13.9%
5 Year72.1%57.5%97.6%83.0%55.1%21.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

24.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LIAB (SEK108.8) is trading below our estimate of fair value (SEK144.92)

Significantly Below Fair Value: LIAB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LIAB is good value based on its PE Ratio (13x) compared to the Building industry average (18.6x).

PE vs Market: LIAB is good value based on its PE Ratio (13x) compared to the Swedish market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: LIAB is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: LIAB is good value based on its PB Ratio (1.7x) compared to the SE Building industry average (2.5x).


Next Steps

Future Growth

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

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LIAB's forecast earnings growth (2.7% per year) is above the savings rate (0.4%).

Earnings vs Market: LIAB's earnings (2.7% per year) are forecast to grow slower than the Swedish market (9.6% per year).

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

Revenue vs Market: LIAB's revenue (2.5% per year) is forecast to grow slower than the Swedish market (4.5% per year).

High Growth Revenue: LIAB's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LIAB's Return on Equity is forecast to be low in 3 years time (12.7%).


Next Steps

Past Performance

How has Lindab International performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LIAB has high quality earnings.

Growing Profit Margin: LIAB's current net profit margins (6.6%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: LIAB's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: LIAB's earnings growth over the past year (72.3%) exceeds its 5-year average (13.1% per year).

Earnings vs Industry: LIAB earnings growth over the past year (72.3%) exceeded the Building industry 23.1%.


Return on Equity

High ROE: LIAB's Return on Equity (13%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lindab International's financial position?


Financial Position Analysis

Short Term Liabilities: LIAB's short term assets (SEK3.9B) exceeds its short term liabilities (SEK2.5B)

Long Term Liabilities: LIAB's short term assets (SEK3.9B) exceeds its long term liabilities (2.4B)


Debt to Equity History and Analysis

Debt Level: LIAB's debt to equity ratio (30.7%) is considered satisfactory.

Reducing Debt: LIAB's debt to equity ratio has reduced from 60.5% to 30.7% over the past 5 years.

Debt Coverage: LIAB's debt is well covered by operating cash flow (58.6%).

Interest Coverage: LIAB's interest payments on its debt are well covered by EBIT (39.7x coverage).


Balance Sheet

Inventory Level: LIAB has a high level of physical assets or inventory.

Debt Coverage by Assets: LIAB's debt is covered by short term assets (assets are 2.6x debt).


Next Steps

Dividend

What is Lindab International's current dividend yield, its reliability and sustainability?

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.7%markettop25%4.9%industryaverage1.4%forecastin3Years2.5%

Current dividend yield vs market & industry

Notable Dividend: LIAB's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.7%).

High Dividend: LIAB's dividend (1.61%) is low compared to the top 25% of dividend payers in the Swedish market (4.87%).


Stability and Growth of Payments

Stable Dividend: LIAB's dividend payments have been volatile in the past 10 years.

Growing Dividend: LIAB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), LIAB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LIAB's dividends in 3 years are forecast to be well covered by earnings (30.7% payout ratio).


Next Steps

Management

What is the CEO of Lindab International's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average board tenure


CEO

Ola Ringdahl (47yo)

1.4yrs

Tenure

kr5,825,738

Compensation

Mr. Ola Ringdahl has been the President and Chief Executive Officer of Lindab International AB since June 2018 and also serves as President & Chief Executive Officer at Lindab AB since 2018. He serves as C ...


CEO Compensation Analysis

Compensation vs Market: Ola's total compensation ($USD604.53K) is about average for companies of similar size in the Swedish market ($USD589.87K).

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


Board Age and Tenure

3.5yrs

Average Tenure

57yo

Average Age

Experienced Board: LIAB's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: LIAB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr202,40023 Sep 19
Ola Ringdahl
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares2,000
Max Pricekr101.20
Sellkr364,252,88618 Sep 19
Creades AB
EntityCompany
Shares3,679,322
Max Pricekr99.00
Buykr200,40018 Sep 19
Ola Ringdahl
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares2,000
Max Pricekr100.20
Sellkr224,20022 Jul 19
Bengt Andersson
EntityIndividual
Role
Head of Corporate Development
Executive Vice President of Corporate Development
Shares1,900
Max Pricekr118.00
Buykr152,52815 Jun 19
Per Bertland
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,461
Max Pricekr104.40
Buykr97,51524 May 19
John Hedberg
EntityIndividual
Shares1,000
Max Pricekr97.51
Buykr108,46824 May 19
Viveka Ekberg
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,100
Max Pricekr98.61
Buykr52,48824 May 19
Per Bertland
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares539
Max Pricekr97.38
Buykr59,34024 May 19
Anette Frumerie
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares600
Max Pricekr98.90
Buykr52,28324 May 19
Sonat Burman-Olsson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares539
Max Pricekr97.00
Buykr198,83824 May 19
Bent Johannesson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max Pricekr99.80
Buykr116,88523 May 19
Peter Nilsson
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares1,200
Max Pricekr97.40

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Bengt Andersson (59yo)

    Executive Vice President of Corporate Development

    • Tenure: 0yrs
  • Ola Ringdahl (47yo)

    President & CEO

    • Tenure: 1.4yrs
    • Compensation: kr5.83m
  • Malin Samuelsson (47yo)

    Executive VP & CFO

    • Tenure: 1.5yrs

Board Members

  • Pontus Andersson (53yo)

    Employee Representative Director

    • Tenure: 24.8yrs
    • Compensation: kr25.80k
  • Peter Nilsson (57yo)

    Independent Chairman of the Board

    • Tenure: 3.5yrs
    • Compensation: kr737.70k
  • Bent Johannesson (65yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: kr310.70k
  • Per Bertland (62yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: kr341.30k
  • Anette Frumerie (51yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: kr361.30k
  • Viveka Ekberg (57yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: kr412.00k
  • Sonat Burman-Olsson (61yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: kr310.70k
  • Peter Stensmar (55yo)

    Deputy Director

    • Tenure: 8.8yrs
  • Sandra Philipsson (37yo)

    Director

    • Tenure: 0yrs
  • Anders Lundberg (57yo)

    Employee Representative Director

    • Tenure: 3.3yrs
    • Compensation: kr25.80k

Company Information

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


Key Information

  • Name: Lindab International AB
  • Ticker: LIAB
  • Exchange: OM
  • Founded: 1959
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr8.305b
  • Shares outstanding: 76.33m
  • Website: https://www.lindabgroup.com

Number of Employees


Location

  • Lindab International AB
  • Järnvägsgatan 41
  • Grevie
  • Båstad
  • Skåne County
  • 269 82
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LIABOM (OMX Nordic Exchange Stockholm)YesSeries A SharesSESEKDec 2006
0MWKLSE (London Stock Exchange)YesSeries A SharesGBSEKDec 2006
LIABSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBSEKDec 2006

Biography

Lindab International AB (publ) develops, manufactures, markets, and distributes products and system solutions for construction and improved indoor climate. The company operates through two segments, Produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 21:07
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.