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MEAB

Malmbergs Elektriska OM:MEAB B Stock Report

Last Price

kr41.30

Market Cap

kr330.4m

7D

3.3%

1Y

-35.3%

Updated

01 Oct, 2022

Data

Company Financials
MEAB B fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

MEAB B Stock Overview

Malmbergs Elektriska AB (publ) supplies electric materials for contractors, industries, and retailers in Sweden and internationally.

Malmbergs Elektriska Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Malmbergs Elektriska
Historical stock prices
Current Share Pricekr41.30
52 Week Highkr74.40
52 Week Lowkr39.30
Beta1.13
1 Month Change-0.24%
3 Month Change-6.14%
1 Year Change-35.27%
3 Year Change-20.88%
5 Year Change-65.87%
Change since IPO99.04%

Recent News & Updates

Jun 18
Returns On Capital At Malmbergs Elektriska (STO:MEAB B) Paint A Concerning Picture

Returns On Capital At Malmbergs Elektriska (STO:MEAB B) Paint A Concerning Picture

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...

Shareholder Returns

MEAB BSE Trade DistributorsSE Market
7D3.3%3.3%0.5%
1Y-35.3%-21.8%-27.6%

Return vs Industry: MEAB B underperformed the Swedish Trade Distributors industry which returned -21.8% over the past year.

Return vs Market: MEAB B underperformed the Swedish Market which returned -27.6% over the past year.

Price Volatility

Is MEAB B's price volatile compared to industry and market?
MEAB B volatility
MEAB B Average Weekly Movement4.5%
Trade Distributors Industry Average Movement6.4%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market4.3%

Stable Share Price: MEAB B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MEAB B's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1916176Jan Folkehttps://www.malmbergs.com

Malmbergs Elektriska AB (publ) supplies electric materials for contractors, industries, and retailers in Sweden and internationally. Its luminaries products include accessories and spare parts, downlights/spotlights, emergency lighting products, home appliances, industry luminaries, interior luminaries, lamps, lighting fixtures, outdoor/street fixtures, and transformers and surge products. The company’s automation products comprise motors, limit switches and pressure controls, push buttons, relays, contactors and starters, safety and starter switches, and terminal blocks/jumpers.

Malmbergs Elektriska Fundamentals Summary

How do Malmbergs Elektriska's earnings and revenue compare to its market cap?
MEAB B fundamental statistics
Market Capkr330.40m
Earnings (TTM)kr23.99m
Revenue (TTM)kr649.29m

13.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEAB B income statement (TTM)
Revenuekr649.29m
Cost of Revenuekr367.99m
Gross Profitkr281.30m
Other Expenseskr257.32m
Earningskr23.99m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.00
Gross Margin43.32%
Net Profit Margin3.69%
Debt/Equity Ratio0.2%

How did MEAB B perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

50%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MEAB B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MEAB B?

Other financial metrics that can be useful for relative valuation.

MEAB B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA9.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MEAB B's PE Ratio compare to its peers?

MEAB B PE Ratio vs Peers
The above table shows the PE ratio for MEAB B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.7x
FNM Ferronordic
1.4x-41.7%kr421.4m
BEGR BE Group
1.5x-36.0%kr1.0b
KAKEL Kakel Max
21.1xn/akr59.3m
BERG B Bergman & Beving
10.7x7.6%kr2.2b
MEAB B Malmbergs Elektriska
13.8xn/akr330.4m

Price-To-Earnings vs Peers: MEAB B is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (8.7x).


Price to Earnings Ratio vs Industry

How does MEAB B's PE Ratio compare vs other companies in the European Trade Distributors Industry?

Price-To-Earnings vs Industry: MEAB B is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the European Trade Distributors industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is MEAB B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MEAB B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MEAB B's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MEAB B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MEAB B (SEK41.3) is trading above our estimate of fair value (SEK24.38)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Malmbergs Elektriska forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.7%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Malmbergs Elektriska has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Malmbergs Elektriska's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Malmbergs Elektriska competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Malmbergs Elektriska performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MEAB B has high quality earnings.

Growing Profit Margin: MEAB B's current net profit margins (3.7%) are lower than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: MEAB B's earnings have declined by 13.4% per year over the past 5 years.

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

Earnings vs Industry: MEAB B had negative earnings growth (-35.3%) over the past year, making it difficult to compare to the Trade Distributors industry average (29%).


Return on Equity

High ROE: MEAB B's Return on Equity (6.9%) is considered low.


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Financial Health

How is Malmbergs Elektriska's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MEAB B's short term assets (SEK363.6M) exceed its short term liabilities (SEK108.7M).

Long Term Liabilities: MEAB B's short term assets (SEK363.6M) exceed its long term liabilities (SEK66.9M).


Debt to Equity History and Analysis

Debt Level: MEAB B has more cash than its total debt.

Reducing Debt: MEAB B's debt to equity ratio has reduced from 17.9% to 0.2% over the past 5 years.

Debt Coverage: MEAB B's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MEAB B's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


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Dividend

What is Malmbergs Elektriska current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.63%

Current Dividend Yield

Dividend Yield vs Market

Malmbergs Elektriska Dividend Yield vs Market
How does Malmbergs Elektriska dividend yield compare to the market?
SegmentDividend Yield
Company (Malmbergs Elektriska)3.6%
Market Bottom 25% (SE)1.8%
Market Top 25% (SE)6.1%
Industry Average (Trade Distributors)1.4%
Analyst forecast in 3 Years (Malmbergs Elektriska)n/a

Notable Dividend: MEAB B's dividend (3.63%) is higher than the bottom 25% of dividend payers in the Swedish market (1.82%).

High Dividend: MEAB B's dividend (3.63%) is low compared to the top 25% of dividend payers in the Swedish market (6.14%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50%), MEAB B's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MEAB B is paying a dividend but the company has no free cash flows.


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Management

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

12.2yrs

Average board tenure


CEO

Jan Folke (45 yo)

22.67yrs

Tenure

kr2,605,000

Compensation

Mr. Johan Folke, also known as Jan, serves as Deputy Chief Executive Officer of Malmb ergs Elektriska AB (publ). Mr. Johan serves as President and Chief Executive Officer at Malmbergs Elektriska AB (publ)....


CEO Compensation Analysis

Jan Folke's Compensation vs Malmbergs Elektriska Earnings
How has Jan Folke's remuneration changed compared to Malmbergs Elektriska's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr24m

Mar 31 2022n/an/a

kr29m

Dec 31 2021kr3mkr2m

kr36m

Sep 30 2021n/an/a

kr40m

Jun 30 2021n/an/a

kr37m

Mar 31 2021n/an/a

kr30m

Dec 31 2020kr3mkr2m

kr27m

Sep 30 2020n/an/a

kr27m

Jun 30 2020n/an/a

kr31m

Mar 31 2020n/an/a

kr35m

Dec 31 2019kr2mkr1m

kr35m

Sep 30 2019n/an/a

kr31m

Jun 30 2019n/an/a

kr29m

Mar 31 2019n/an/a

kr35m

Dec 31 2018kr2mkr1m

kr39m

Sep 30 2018n/an/a

kr48m

Jun 30 2018n/an/a

kr44m

Mar 31 2018n/an/a

kr43m

Dec 31 2017kr2mkr1m

kr40m

Sep 30 2017n/an/a

kr56m

Jun 30 2017n/an/a

kr71m

Mar 31 2017n/an/a

kr77m

Dec 31 2016kr2mkr1m

kr81m

Sep 30 2016n/an/a

kr73m

Jun 30 2016n/an/a

kr71m

Mar 31 2016n/an/a

kr67m

Dec 31 2015kr2mkr1m

kr75m

Compensation vs Market: Jan's total compensation ($USD234.58K) is about average for companies of similar size in the Swedish market ($USD214.70K).

Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MEAB B's board of directors are seasoned and experienced ( 12.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of MEAB B?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders10,0450.1%
Institutions1,818,54922.7%
General Public2,649,94233.1%
Private Companies3,521,46444.0%

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


Top Shareholders

Top 13 shareholders own 66.88% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
44.02%
Estate Of Jan Folke
3,521,464SEK145.4m0%no data
8.03%
Lannebo Fonder AB
642,177SEK26.5m0%0.05%
7.17%
Nordea Investment Management AB
573,238SEK23.7m0%no data
3.59%
Consafe Capital Advisors Ltd
287,591SEK11.9m0%2.66%
2.66%
Avanza Fonder AB
212,501SEK8.8m0%0.02%
0.49%
Xact Kapitalförvaltning AB
39,450SEK1.6m0%no data
0.38%
FCG Fonder AB
30,329SEK1.3m0%0.06%
0.22%
GVC Gaesco Gestión SGIIC, S.A.
17,501SEK722.8k0%0.01%
0.18%
SEB Investment Management AB
14,362SEK593.2k0%no data
0.063%
Ulf Gejhammar
5,000SEK206.5k0%no data
0.038%
Conny Svensson
3,045SEK125.8k0%no data
0.025%
LieseLotte Andersson
2,000SEK82.6k0%no data
0.018%
Catella FondfÖRvaltning Ab
1,400SEK57.8k0%no data

Company Information

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


Key Information

  • Name: Malmbergs Elektriska AB (publ)
  • Ticker: MEAB B
  • Exchange: OM
  • Founded: 1916
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: kr330.400m
  • Shares outstanding: 8.00m
  • Website: https://www.malmbergs.com

Number of Employees


Location

  • Malmbergs Elektriska AB (publ)
  • West Bangatan 54
  • Box 144
  • Kumla
  • Örebro County
  • 692 23
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MEAB BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKMar 1999
MEABBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKMar 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.