OM:MEAB B

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Malmbergs Elektriska

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.8%

MEAB B

-7.2%

SE Trade Distributors

-1.1%

SE Market


1 Year Return

6.1%

MEAB B

35.5%

SE Trade Distributors

13.4%

SE Market

Return vs Industry: MEAB B underperformed the Swedish Trade Distributors industry which returned 35.9% over the past year.

Return vs Market: MEAB B underperformed the Swedish Market which returned 13.3% over the past year.


Shareholder returns

MEAB BIndustryMarket
7 Day-4.8%-7.2%-1.1%
30 Day-4.2%-0.4%2.7%
90 Day-6.4%-0.5%6.8%
1 Year6.1%6.1%36.1%35.5%15.3%13.4%
3 Year-49.6%-53.6%113.9%104.8%30.9%16.9%
5 Year-55.6%-62.9%287.1%229.7%59.3%28.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MEAB B (SEK55.4) is trading below our estimate of fair value (SEK234.83)

Significantly Below Fair Value: MEAB B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MEAB B is good value based on its PE Ratio (14.2x) compared to the SE Trade Distributors industry average (21.2x).

PE vs Market: MEAB B is good value based on its PE Ratio (14.2x) compared to the Swedish market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MEAB B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MEAB B is good value based on its PB Ratio (1.4x) compared to the SE Trade Distributors industry average (2.6x).


Next Steps

Future Growth

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

13.5%

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.


Next Steps

Past Performance

How has Malmbergs Elektriska performed over the past 5 years?

-20.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEAB B has a large one-off loss of SEK27.9M impacting its June 30 2020 financial results.

Growing Profit Margin: MEAB B's current net profit margins (5.1%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: MEAB B's earnings have declined by 20.2% per year over the past 5 years.

Accelerating Growth: MEAB B's earnings growth over the past year (9.2%) exceeds its 5-year average (-20.2% per year).

Earnings vs Industry: MEAB B earnings growth over the past year (9.2%) underperformed the Trade Distributors industry 10%.


Return on Equity

High ROE: MEAB B's Return on Equity (10.1%) is considered low.


Next Steps

Financial Health

How is Malmbergs Elektriska's financial position?


Financial Position Analysis

Short Term Liabilities: MEAB B's short term assets (SEK345.8M) exceed its short term liabilities (SEK115.6M).

Long Term Liabilities: MEAB B's short term assets (SEK345.8M) exceed its long term liabilities (SEK103.3M).


Debt to Equity History and Analysis

Debt Level: MEAB B's debt to equity ratio (3%) is considered satisfactory.

Reducing Debt: MEAB B's debt to equity ratio has reduced from 28.6% to 3% over the past 5 years.

Debt Coverage: MEAB B's debt is well covered by operating cash flow (941.2%).

Interest Coverage: MEAB B's interest payments on its debt are well covered by EBIT (14.9x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

0.8yrs

Average management tenure


CEO

Jan Folke (43 yo)

no data

Tenure

kr2,279,000

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

Compensation vs Market: Jan's total compensation ($USD259.81K) is about average for companies of similar size in the Swedish market ($USD232.57K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Johan Folke
Presidentno datakr2.28mno data
Lena Rutström
Chief Financial Officer0.75yrno datano data
LieseLotte Andersson
Human Resource Manager0.75yrno data0.025%
SEK 110.8k
Claus Borghegn
Chief Executive Officer of Denmarkno datano datano data
Rosario Myklebust
Country Manager Norwayno datano datano data
Petteri Mattinen
Chief Executive Officer of Finland1.75yrsno datano data
Villy Lillelund
Chief Executive Officer of Denmark and Managing Director of Denmarkno datano datano data

0.8yrs

Average Tenure

54yo

Average Age

Experienced Management: MEAB B's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Johan Folke
Presidentno datakr2.28mno data
Björn Ogard
Chairman of the Board of Directorsno datakr215.00kno data
Pernilla Folke
Director11.75yrskr150.00kno data
Conny Svensson
Director8.75yrskr150.00k0.038%
SEK 168.7k
Inger Carlsson
Director2.75yrskr150.00kno data
Ulf Gejhammar
Director2.75yrskr150.00k0.063%
SEK 277.0k

8.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: MEAB B's board of directors are considered experienced (8.8 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

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


Top Shareholders

Company Information

Malmbergs Elektriska AB (publ)'s company bio, 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
  • Market Cap: kr443.200m
  • 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
0JCXLSE (London Stock Exchange)YesSeries B SharesGBSEKMar 1999
MEABBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKMar 1999

Biography

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/ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 21:51
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.