OM:MEAB B

Stock Analysis Report

Malmbergs Elektriska

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

MEAB B

3.1%

SE Trade Distributors

3.1%

SE Market


1 Year Return

-36.8%

MEAB B

31.5%

SE Trade Distributors

13.7%

SE Market

Return vs Industry: MEAB B underperformed the Swedish Trade Distributors industry which returned 31.5% over the past year.

Return vs Market: MEAB B underperformed the Swedish Market which returned 13.7% over the past year.


Shareholder returns

MEAB BIndustryMarket
7 Day0.4%3.1%3.1%
30 Day-1.9%-1.5%2.6%
90 Day-14.2%1.5%3.5%
1 Year-34.5%-36.8%34.2%31.5%18.5%13.7%
3 Year-60.3%-65.1%89.1%71.9%33.7%13.6%
5 Year-30.9%-45.5%243.5%176.3%64.2%29.1%

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?

26.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MEAB B (SEK51.8) is trading below our estimate of fair value (SEK70.53)

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


Price To Earnings Ratio

PE vs Industry: MEAB B is poor value based on its PE Ratio (14.5x) compared to the Trade Distributors industry average (14.2x).

PE vs Market: MEAB B is good value based on its PE Ratio (14.5x) compared to the Swedish market (16.8x).


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 (1.5x) compared to the SE Trade Distributors industry average (2.2x).


Next Steps

Future Growth

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

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MEAB B's forecast earnings growth (7.1% per year) is above the savings rate (0.4%).

Earnings vs Market: MEAB B's earnings (7.1% per year) are forecast to grow slower than the Swedish market (8.8% per year).

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

Revenue vs Market: Insufficient data to determine if MEAB B's revenue is forecast to grow faster than the Swedish market.

High Growth Revenue: Insufficient data to determine if MEAB B's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MEAB B's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Malmbergs Elektriska performed over the past 5 years?

-12.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MEAB B's earnings have declined by -12.6% 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 (-35.4%) over the past year, making it difficult to compare to the Trade Distributors industry average (11.7%).


Return on Equity

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


Return on Assets

ROA vs Industry: MEAB B has a higher Return on Assets than the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: MEAB B's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Malmbergs Elektriska's financial position?


Financial Position Analysis

Short Term Liabilities: MEAB B's short term assets (SEK307.2M) exceeds its short term liabilities (SEK101.6M)

Long Term Liabilities: MEAB B's short term assets (307.2M) exceeds its long term liabilities (72.4M)


Debt to Equity History and Analysis

Debt Level: MEAB B's debt to equity ratio (6.3%) is considered satisfactory

Reducing Debt: MEAB B's debt to equity ratio has reduced from 12.4% to 6.3% over the past 5 years.

Debt Coverage: MEAB B's debt is well covered by operating cash flow (287.3%).

Interest Coverage: MEAB B's interest payments on its debt are well covered by EBIT (16.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: MEAB B's debt is covered by short term assets (assets are 17.349480x debt).


Next Steps

Dividend

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

4.83%

Current Dividend Yield


Dividend Yield vs Market

company4.8%marketbottom25%1.8%markettop25%4.7%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MEAB B's dividend (4.83%) is higher than the bottom 25% of dividend payers in the Swedish market (1.81%).

High Dividend: MEAB B's dividend (4.83%) is in the top 25% of dividend payers in the Swedish market (4.7%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.9%), MEAB B's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Johan Folke (42yo)

0yrs

Tenure

kr1,568,000

Compensation

Mr. Johan Folke serves as Deputy Chief Executive Officer of Malmb ergs Elektriska AB (publ). Mr. Johan serves as President and CEO at Malmbergs Elektriska AB (publ). Mr. Johan has been a Director of Malmbe ...


CEO Compensation Analysis

Compensation vs. Market: Johan's total compensation ($USD0.00) is too low to compare against companies of similar size in the Swedish market ($USD120.71K).

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


Board Age and Tenure

4.8yrs

Average Tenure

64yo

Average Age

Experienced Board: MEAB B's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Johan Folke (42yo)

    President

    • Tenure: 0yrs
    • Compensation: kr1.57m
  • LieseLotte Andersson (65yo)

    Chief Financial Officer

    • Tenure: 37.8yrs
  • Villy Lillelund (62yo)

    Chief Executive Officer of Denmark and Managing Director of Denmark

    • Tenure: 0yrs
  • Alexander Dillingøen (52yo)

    Managing Director for Norway

    • Tenure: 0yrs
  • Claus Borghegn (51yo)

    President of Denmark

    • Tenure: 0yrs
  • Petteri Mattinen (48yo)

    Chie Executive Officer of Finland

    • Tenure: 0.8yrs

Board Members

  • Bjorn Ogard (73yo)

    Chairman of the Board of Directors

    • Tenure: 0yrs
    • Compensation: kr180.00k
  • Johan Folke (42yo)

    President

    • Tenure: 0yrs
    • Compensation: kr1.57m
  • Pernilla Folke (40yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: kr120.00k
  • Conny Svensson (68yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: kr120.00k
  • Inger Carlsson (63yo)

    Director

    • Tenure: 1.8yrs
  • Anders Jegerfalk (67yo)

    Director

    • Tenure: 1.8yrs
  • Ulf Gejhammar (64yo)

    Director

    • Tenure: 1.8yrs

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: kr414.400m
  • Shares outstanding: 8.00m
  • Website: https://www.malmbergs.com

Location

  • Malmbergs Elektriska AB (publ)
  • Västra 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

Biography

Malmbergs Elektriska AB (publ) supplies electric materials for contractors, industries, and retailers in Sweden and internationally. Its lighting products include components and parts, downlights/spotlight ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:00
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.