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Lindab International

OM:LIAB
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LIAB
OM
SEK8B
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

Lindab International AB (publ) develops, manufactures, markets, and distributes products and system solutions for construction and improved indoor climate. The last earnings update was 42 days ago. More info.


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  • Lindab International has significant price volatility in the past 3 months.
LIAB Share Price and Events
7 Day Returns
3.7%
OM:LIAB
3.1%
SE Building
1%
SE Market
1 Year Returns
56.6%
OM:LIAB
16.7%
SE Building
5.3%
SE Market
LIAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lindab International (LIAB) 3.7% 7.9% 29.2% 56.6% 59.7% 38%
SE Building 3.1% 4.5% 8.1% 16.7% 32.9% 89.8%
SE Market 1% 1.9% 2.6% 5.3% 17.6% 19.3%
1 Year Return vs Industry and Market
  • LIAB outperformed the Building industry which returned 16.7% over the past year.
  • LIAB outperformed the Market in Sweden which returned 5.3% over the past year.
Price Volatility
LIAB
Industry
5yr Volatility vs Market

Value

 Is Lindab International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lindab International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lindab International.

OM:LIAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:LIAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.113 (1 + (1- 22%) (28.45%))
1.241
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.241 * 5.96%)
7.83%

Discounted Cash Flow Calculation for OM:LIAB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lindab International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:LIAB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.83%)
2019 651.33 Analyst x3 604.02
2020 719.00 Analyst x3 618.34
2021 779.00 Analyst x3 621.27
2022 823.73 Est @ 5.74% 609.22
2023 857.91 Est @ 4.15% 588.41
2024 883.94 Est @ 3.03% 562.22
2025 903.87 Est @ 2.25% 533.14
2026 919.31 Est @ 1.71% 502.86
2027 931.51 Est @ 1.33% 472.51
2028 941.37 Est @ 1.06% 442.83
Present value of next 10 years cash flows SEK5,554.81
OM:LIAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK941.37 × (1 + 0.43%) ÷ (7.83% – 0.43%)
SEK12,778.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK12,778.38 ÷ (1 + 7.83%)10
SEK6,011.07
OM:LIAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK5,554.81 + SEK6,011.07
SEK11,565.88
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK11,565.88 / 76.33
SEK151.52
OM:LIAB Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK151.52
Current discount Discount to share price of SEK107.40
= -1 x (SEK107.40 - SEK151.52) / SEK151.52
29.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lindab International is available for.
Intrinsic value
29%
Share price is SEK107.4 vs Future cash flow value of SEK151.52
Current Discount Checks
For Lindab International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lindab International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lindab International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lindab International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lindab International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:LIAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK6.42
OM:LIAB Share Price ** OM (2019-06-19) in SEK SEK107.4
Sweden Building Industry PE Ratio Median Figure of 11 Publicly-Listed Building Companies 17.63x
Sweden Market PE Ratio Median Figure of 326 Publicly-Listed Companies 17.13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lindab International.

OM:LIAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:LIAB Share Price ÷ EPS (both in SEK)

= 107.4 ÷ 6.42

16.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindab International is good value based on earnings compared to the SE Building industry average.
  • Lindab International is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Lindab International's expected growth come at a high price?
Raw Data
OM:LIAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9%per year
Sweden Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 1.87x
Sweden Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

OM:LIAB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.73x ÷ 9%

1.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindab International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lindab International's assets?
Raw Data
OM:LIAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK60.83
OM:LIAB Share Price * OM (2019-06-19) in SEK SEK107.4
Sweden Building Industry PB Ratio Median Figure of 14 Publicly-Listed Building Companies 2.91x
Sweden Market PB Ratio Median Figure of 568 Publicly-Listed Companies 2.52x
OM:LIAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:LIAB Share Price ÷ Book Value per Share (both in SEK)

= 107.4 ÷ 60.83

1.77x

* Primary Listing of Lindab International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindab International is good value based on assets compared to the SE Building industry average.
X
Value checks
We assess Lindab International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Lindab International has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lindab International expected to grow at an attractive rate?
  • Lindab International's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Lindab International's earnings growth is expected to exceed the Sweden market average.
  • Lindab International's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:LIAB Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:LIAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9%
OM:LIAB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.5%
Sweden Building Industry Earnings Growth Rate Market Cap Weighted Average 12.6%
Sweden Building Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.5%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:LIAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:LIAB Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10,578 1,032 692 3
2020-12-31 10,282 982 640 3
2019-12-31 9,959 876 614 3
OM:LIAB Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 9,488 630 490
2018-12-31 9,326 593 394
2018-09-30 9,127 701 372
2018-06-30 8,811 381 335
2018-03-31 8,537 492 351
2017-12-31 8,242 410 347
2017-09-30 8,096 329 342
2017-06-30 8,057 513 336
2017-03-31 7,955 538 316
2016-12-31 7,849 499 306
2016-09-30 7,790 500 290
2016-06-30 7,756 491 327

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lindab International's earnings are expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
  • Lindab International's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:LIAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Lindab International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:LIAB Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.06 9.23 8.85 3.00
2020-12-31 8.39 8.54 8.10 3.00
2019-12-31 8.05 8.12 7.92 3.00
OM:LIAB Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 6.42
2018-12-31 5.16
2018-09-30 4.87
2018-06-30 4.39
2018-03-31 4.60
2017-12-31 4.55
2017-09-30 4.48
2017-06-30 4.40
2017-03-31 4.14
2016-12-31 4.01
2016-09-30 3.80
2016-06-30 4.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lindab International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lindab International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lindab International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Lindab International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lindab International's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lindab International's year on year earnings growth rate has been positive over the past 5 years.
  • Lindab International's 1-year earnings growth exceeds its 5-year average (39.6% vs 7.3%)
  • Lindab International's earnings growth has exceeded the SE Building industry average in the past year (39.6% vs 32%).
Earnings and Revenue History
Lindab International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lindab International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:LIAB Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9,488.00 490.00 1,709.00 70.00
2018-12-31 9,326.00 394.00 1,708.00 72.00
2018-09-30 9,127.00 372.00 1,692.00 73.00
2018-06-30 8,811.00 335.00 1,653.00 69.00
2018-03-31 8,537.00 351.00 1,622.00 67.00
2017-12-31 8,242.00 347.00 1,604.00 68.00
2017-09-30 8,096.00 342.00 1,591.00 67.00
2017-06-30 8,057.00 336.00 1,600.00 69.00
2017-03-31 7,955.00 316.00 1,592.00 68.00
2016-12-31 7,849.00 306.00 1,577.00 65.00
2016-09-30 7,790.00 290.00 1,574.00 64.00
2016-06-30 7,756.00 327.00 1,564.00 63.00
2016-03-31 7,647.00 310.00 1,551.00 60.00
2015-12-31 7,589.00 305.00 1,554.00 58.00
2015-09-30 7,445.00 284.00 1,523.00 55.00
2015-06-30 7,341.00 283.00 1,492.00 51.00
2015-03-31 7,191.00 296.00 1,460.00 51.00
2014-12-31 7,003.00 283.00 1,416.00 51.00
2014-09-30 6,953.00 340.00 1,414.00 49.00
2014-06-30 6,802.00 296.00 1,395.00 48.00
2014-03-31 6,688.00 275.00 1,367.00 47.00
2013-12-31 6,523.00 233.00 1,355.00 45.00
2013-09-30 6,404.00 136.00 1,330.00 45.00
2013-06-30 6,424.00 145.00 1,335.00 44.00
2013-03-31 6,518.00 140.00 1,361.00 44.00
2012-12-31 6,656.00 122.00 1,384.00 44.00
2012-09-30 6,844.00 115.00 1,430.00 43.00
2012-06-30 6,962.00 93.00 1,455.00 43.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lindab International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lindab International used its assets less efficiently than the SE Building industry average last year based on Return on Assets.
  • Lindab International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lindab International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lindab International has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Lindab International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lindab International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lindab International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lindab International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lindab International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lindab International Company Filings, last reported 2 months ago.

OM:LIAB Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,643.00 2,332.00 380.00
2018-12-31 4,464.00 1,145.00 289.00
2018-09-30 4,388.00 1,385.00 320.00
2018-06-30 4,277.00 1,690.00 377.00
2018-03-31 4,301.00 1,572.00 376.00
2017-12-31 4,130.00 1,466.00 342.00
2017-09-30 3,962.00 1,595.00 263.00
2017-06-30 3,910.00 1,593.00 302.00
2017-03-31 3,920.00 1,750.00 437.00
2016-12-31 3,849.00 1,656.00 418.00
2016-09-30 3,769.00 1,825.00 324.00
2016-06-30 3,595.00 1,800.00 220.00
2016-03-31 3,556.00 1,849.00 230.00
2015-12-31 3,511.00 1,790.00 285.00
2015-09-30 3,539.00 2,072.00 301.00
2015-06-30 3,397.00 2,140.00 336.00
2015-03-31 3,442.00 2,112.00 257.00
2014-12-31 3,344.00 1,872.00 300.00
2014-09-30 3,311.00 2,049.00 301.00
2014-06-30 3,169.00 2,191.00 325.00
2014-03-31 2,955.00 2,137.00 232.00
2013-12-31 2,967.00 1,811.00 331.00
2013-09-30 2,776.00 2,098.00 215.00
2013-06-30 2,703.00 2,288.00 287.00
2013-03-31 2,498.00 2,300.00 294.00
2012-12-31 2,683.00 2,260.00 301.00
2012-09-30 2,646.00 2,385.00 260.00
2012-06-30 2,670.00 2,392.00 292.00
  • Lindab International's level of debt (32.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.3% vs 32.6% today).
  • Debt is well covered by operating cash flow (41.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 48.1x coverage).
X
Financial health checks
We assess Lindab International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lindab International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.63%
Current annual income from Lindab International dividends. Estimated to be 2.36% next year.
If you bought SEK2,000 of Lindab International shares you are expected to receive SEK33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lindab International's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.81%).
  • Lindab International's dividend is below the markets top 25% of dividend payers in Sweden (4.35%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:LIAB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Sweden Building Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.6%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.1%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.8%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:LIAB Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.80 3.00
2020-12-31 2.53 3.00
2019-12-31 2.27 3.00
OM:LIAB Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-27 1.750 1.748
2019-02-13 1.750 2.060
2018-03-27 1.550 2.354
2017-03-29 1.400 1.818
2016-03-23 1.250 1.691
2015-03-23 1.100 1.703
2013-10-29 0.000 0.000
2013-10-15 0.000 0.000
2013-07-19 0.000 0.000
2013-07-15 0.000 0.000
2013-04-26 0.000 0.000
2013-04-15 0.000 0.000
2013-02-13 0.000 0.000
2012-02-14 1.000 2.111
2011-04-04 1.000 2.017
2010-11-01 0.000 0.000
2010-10-15 0.000 0.000
2010-07-16 0.000 0.000
2010-07-15 0.000 0.000
2010-04-29 0.000 0.000
2010-03-31 0.000 0.000
2010-03-01 0.000 0.000
2010-01-15 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lindab International has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Lindab International only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Lindab International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Lindab International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lindab International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lindab International has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ola Ringdahl
AGE 46
TENURE AS CEO 1 years
CEO Bio

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 Chief Executive Officer of Nord-Lock Group, specialists in secure bolting solutions, with subsidiaries in 20 countries. He serves as a board member in Hultafors Group AB. He has been a Director at Diamorph AB (publ) since December 7, 2015. He was Regional Director of Capio Healthcare 2011-2013. During the period 2003-2011 Ola had different leading roles within Crawford, since 2011 a part of Assa Abloy Entrance Systems. Mr. Ringdahl has a Masterâ s degree in Finance and Business Administration from the Stockholm School of Economics.

CEO Compensation
  • Insufficient data for Ola to compare compensation growth.
  • Insufficient data for Ola to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Lindab International management team in years:

1.1
Average Tenure
46
Average Age
  • The average tenure for the Lindab International management team is less than 2 years, this suggests a new team.
Management Team

Ola Ringdahl

TITLE
President & CEO
AGE
46
TENURE
1 yrs

Malin Samuelsson

TITLE
Chief Financial Officer
AGE
46
TENURE
1.1 yrs

Fredrik Liedholm

TITLE
Director of Legal
AGE
54
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Lindab International board of directors in years:

3.1
Average Tenure
56
Average Age
  • The tenure for the Lindab International board of directors is about average.
Board of Directors

Peter Nilsson

TITLE
Chairman of the Board
COMPENSATION
SEK433K
AGE
56
TENURE
3.1 yrs

Viveka Ekberg

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
56
TENURE
3.1 yrs

Pontus Andersson

TITLE
Director
COMPENSATION
SEK25K
AGE
52
TENURE
24.4 yrs

Sonat Burman-Olsson

TITLE
Independent Director
COMPENSATION
SEK300K
AGE
60
TENURE
8.1 yrs

Per Bertland

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
61
TENURE
3.1 yrs

Bent Johannesson

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
64
TENURE
3.1 yrs

Anders Lundberg

TITLE
Employee Representative Director
AGE
56
TENURE
2.8 yrs

Anette Frumerie

TITLE
Director
AGE
50
TENURE
2.4 yrs

John Hedberg

TITLE
Director
AGE
46
TENURE
2.4 yrs

Peter Stensmar

TITLE
Deputy Director
AGE
54
TENURE
8.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Lindab International insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
15. Jun 19 Buy Per Bertland Individual 13. Jun 19 13. Jun 19 1,461 SEK104.40 SEK152,528
24. May 19 Buy John Hedberg Individual 23. May 19 23. May 19 1,000 SEK97.51 SEK97,515
24. May 19 Buy Sonat Burman-Olsson Individual 23. May 19 23. May 19 539 SEK97.00 SEK52,283
24. May 19 Buy Viveka Ekberg Individual 22. May 19 22. May 19 1,100 SEK98.61 SEK108,468
24. May 19 Buy Anette Frumerie Individual 23. May 19 23. May 19 600 SEK98.90 SEK59,340
24. May 19 Buy Per Bertland Individual 23. May 19 23. May 19 539 SEK97.38 SEK52,488
24. May 19 Buy Bent Johannesson Individual 23. May 19 24. May 19 2,000 SEK99.80 SEK198,838
23. May 19 Buy Peter Nilsson Individual 23. May 19 23. May 19 1,200 SEK97.40 SEK116,885
20. Jul 18 Buy Fredrik Liedholm Individual 20. Jul 18 20. Jul 18 2,000 SEK62.65 SEK125,300
X
Management checks
We assess Lindab International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lindab International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Directors Own Lindab International AB (STO:LIAB) Shares?

View our latest analysis for Lindab International OM:LIAB Ownership Summary, June 19th 2019 What Does The Institutional Ownership Tell Us About Lindab International? … We can see that Lindab International does have institutional investors; and they hold 74% of the stock. … Insider Ownership Of Lindab International The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is Lindab International AB (STO:LIAB) A Volatile Stock?

If you own shares in Lindab International AB (STO:LIAB) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Now The Time To Put Lindab International (STO:LIAB) On Your Watchlist?

So if you're like me, you might be more interested in profitable, growing companies, like Lindab International (STO:LIAB). … View our latest analysis for Lindab International How Quickly Is Lindab International Increasing Earnings Per Share? … The good news is that Lindab International is not the only growth stock with insider buying.

Simply Wall St -

If You Had Bought Lindab International (STO:LIAB) Stock Three Years Ago, You Could Pocket A 40% Gain Today

For example, the Lindab International AB (STO:LIAB) share price is up 40% in the last three years, clearly besting than the market return of around 9.6% (not including dividends). … During three years of share price growth, Lindab International achieved compound earnings per share growth of 16% per year. … As it happens, Lindab International's TSR for the last 3 years was 48%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Is Lindab International AB's (STO:LIAB) 11% ROE Worse Than Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Lindab International: 11% = kr490m ÷ kr4.6b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Lindab International Have A Good Return On Equity? … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Lindab International AB (STO:LIAB): 2 Days To Buy Before The Ex-Dividend Date

On the 15 May 2019, Lindab International AB (STO:LIAB) will be paying shareholders an upcoming dividend amount of kr1.75 per share. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

Is Lindab International AB (STO:LIAB) Better Than Average At Deploying Capital?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Estimating The Intrinsic Value Of Lindab International AB (STO:LIAB)

I will use the Discounted Cash Flow (DCF) model. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Will Lindab International AB's (STO:LIAB) Earnings Grow In The Next Couple Of Years?

The latest earnings release Lindab International AB's (STO:LIAB) announced in December 2018a

Simply Wall St -

Does Lindab International AB's (STO:LIAB) 14% Earnings Growth Make It An Outperformer?

Measuring Lindab International AB's (STO:LIAB) track record of past performance is a valuable exercise for investors. … Today I will assess LIAB's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … LIAB's trailing twelve-month earnings (from 31 December 2018) of kr394m has.

Simply Wall St -

Company Info

Description

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, Products & Solutions, and Building Systems. It offers products and systems for ventilation, cooling, and heating, as well as construction products and building solutions, such as steel rainwater systems; roof and wall cladding; and steel profiles for wall, roof and beam constructions, and large span buildings. The company also provides prefabricated steel construction systems, as well as proprietary IT software that simplify project planning and quotation process for designers and contractors. Lindab International AB offers its products through a network of 130 branches, as well as through building contractors and retailers primarily in the Nordic region, Western Europe, Central and Eastern Europe/the Commonwealth of Independent States, and internationally. The company was formerly known as Lindab Intressenter AB and changed its name to Lindab International AB (publ) in May 2006. Lindab International AB (publ) was founded in 1959 and is headquartered in Båstad, Sweden.

Details
Name: Lindab International AB
LIAB
Exchange: OM
Founded: 1959
SEK8,198,054,866
76,331,982
Website: http://www.lindabgroup.com
Address: Lindab International AB
Järnvägsgatan 41,
Grevie,
Båstad,
Skåne County, 269 82,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM LIAB Series A Shares OMX Nordic Exchange Stockholm SE SEK 01. Dec 2006
LSE 0MWK Series A Shares London Stock Exchange GB SEK 01. Dec 2006
BATS-CHIXE LIABS Series A Shares BATS 'Chi-X Europe' GB SEK 01. Dec 2006
Number of employees
Current staff
Staff numbers
5,148
Lindab International employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:59
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.