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Nederman Holding

OM:NMAN
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NMAN
OM
SEK4B
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

Nederman Holding AB (publ) operates as an environmental technology company in North and South America, Europe, the Middle East, Africa, Asia, and Oceania. The last earnings update was 8 days ago. More info.


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  • Nederman Holding has significant price volatility in the past 3 months.
NMAN Share Price and Events
7 Day Returns
0.5%
OM:NMAN
2.5%
SE Building
1%
SE Market
1 Year Returns
40.9%
OM:NMAN
21.9%
SE Building
5.7%
SE Market
NMAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nederman Holding (NMAN) 0.5% 9.5% 26.2% 40.9% 88.8% 122.8%
SE Building 2.5% 10.3% 27.8% 21.9% 30.5% 92.7%
SE Market 1% 6.1% 11.3% 5.7% 15.9% 26%
1 Year Return vs Industry and Market
  • NMAN outperformed the Building industry which returned 21.9% over the past year.
  • NMAN outperformed the Market in Sweden which returned 5.7% over the past year.
Price Volatility
NMAN
Industry
5yr Volatility vs Market

Value

 Is Nederman Holding 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 Nederman Holding 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 Nederman Holding.

OM:NMAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
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:NMAN
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 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.178 (1 + (1- 22%) (27.15%))
1.287
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.287 * 5.96%)
8.1%

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

The calculations below outline how an intrinsic value for Nederman Holding 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:NMAN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 8.1%)
2019 85.34 Est @ -10.65% 78.95
2020 79.09 Est @ -7.32% 67.68
2021 75.14 Est @ -5% 59.48
2022 72.61 Est @ -3.37% 53.17
2023 71.00 Est @ -2.23% 48.09
2024 69.98 Est @ -1.43% 43.85
2025 69.37 Est @ -0.87% 40.21
2026 69.04 Est @ -0.48% 37.02
2027 68.90 Est @ -0.2% 34.17
2028 68.89 Est @ -0.01% 31.61
Present value of next 10 years cash flows SEK494.22
OM:NMAN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK68.89 × (1 + 0.43%) ÷ (8.1% – 0.43%)
SEK902.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK902.23 ÷ (1 + 8.1%)10
SEK413.93
OM:NMAN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK494.22 + SEK413.93
SEK908.15
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK908.15 / 35.09
SEK25.88
OM:NMAN Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK25.88
Current discount Discount to share price of SEK124.00
= -1 x (SEK124.00 - SEK25.88) / SEK25.88
-379.1%

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

  • The current share price of Nederman Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Nederman Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nederman Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:NMAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK6.06
OM:NMAN Share Price ** OM (2019-04-25) in SEK SEK124
Sweden Building Industry PE Ratio Median Figure of 11 Publicly-Listed Building Companies 20.3x
Sweden Market PE Ratio Median Figure of 322 Publicly-Listed Companies 17.28x

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

** Primary Listing of Nederman Holding.

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

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

= 124 ÷ 6.06

20.46x

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

  • Nederman Holding is overvalued based on earnings compared to the SE Building industry average.
  • Nederman Holding is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Nederman Holding's expected growth come at a high price?
Raw Data
OM:NMAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.3%per year
Sweden Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 1.39x
Sweden Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Nederman Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nederman Holding's assets?
Raw Data
OM:NMAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK38.18
OM:NMAN Share Price * OM (2019-04-25) in SEK SEK124
Sweden Building Industry PB Ratio Median Figure of 13 Publicly-Listed Building Companies 2.53x
Sweden Market PB Ratio Median Figure of 566 Publicly-Listed Companies 2.51x
OM:NMAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 124 ÷ 38.18

3.25x

* Primary Listing of Nederman Holding.

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

  • Nederman Holding is overvalued based on assets compared to the SE Building industry average.
X
Value checks
We assess Nederman Holding'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. Nederman Holding has a total score of 0/6, 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 Nederman Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Nederman Holding, future earnings growth has been estimated based on fundamentals.
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
4.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nederman Holding expected to grow at an attractive rate?
  • Nederman Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Nederman Holding's earnings growth is positive but not above the Sweden market average.
  • Unable to compare Nederman Holding's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:NMAN Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:NMAN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.3%
Sweden Building Industry Earnings Growth Rate Market Cap Weighted Average 28.2%
Sweden Building Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.4%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:NMAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:NMAN Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OM:NMAN Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 3,805 160 213
2018-12-31 3,554 215 203
2018-09-30 3,345 205 187
2018-06-30 3,278 242 197
2018-03-31 3,174 321 191
2017-12-31 3,149 279 186
2017-09-30 3,109 292 174
2017-06-30 3,132 265 179
2017-03-31 3,143 201 184
2016-12-31 3,107 240 172
2016-09-30 3,186 135 172
2016-06-30 3,191 112 153

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nederman Holding's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Nederman Holding is high growth as no revenue estimate data is available.
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:NMAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Nederman Holding Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:NMAN Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OM:NMAN Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 6.06
2018-12-31 5.79
2018-09-30 5.32
2018-06-30 5.61
2018-03-31 5.45
2017-12-31 5.31
2017-09-30 4.97
2017-06-30 5.10
2017-03-31 5.24
2016-12-31 4.91
2016-09-30 4.91
2016-06-30 4.37

*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.
  • Unable to establish if Nederman Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nederman Holding'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.
Nederman Holding has a total score of 1/6, 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 Nederman Holding 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 Nederman Holding'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.
  • Nederman Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Nederman Holding's 1-year earnings growth is less than its 5-year average (11.3% vs 17.4%)
  • Nederman Holding's earnings growth has not exceeded the SE Building industry average in the past year (11.3% vs 11.3%).
Earnings and Revenue History
Nederman Holding'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 Nederman Holding Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:NMAN 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 3,804.50 212.70 1,041.60 50.00
2018-12-31 3,553.90 203.20 988.20 44.30
2018-09-30 3,344.90 186.60 947.10 35.20
2018-06-30 3,278.40 196.60 919.30 27.10
2018-03-31 3,173.70 191.10 890.80 20.20
2017-12-31 3,148.50 186.30 884.90 14.20
2017-09-30 3,108.60 174.20 881.10 10.20
2017-06-30 3,131.90 179.10 881.60 9.90
2017-03-31 3,143.20 183.90 873.60 8.60
2016-12-31 3,107.30 172.10 857.10 7.80
2016-09-30 3,185.80 172.30 860.10 8.70
2016-06-30 3,190.50 153.20 856.50 8.20
2016-03-31 3,195.50 149.00 854.00 6.90
2015-12-31 3,198.00 152.80 852.70 6.40
2015-09-30 3,106.30 138.50 840.40 6.50
2015-06-30 3,042.60 138.50 826.80 7.70
2015-03-31 2,930.90 116.70 815.90 8.40
2014-12-31 2,826.90 94.30 798.80 10.30
2014-09-30 2,708.10 78.60 778.70 6.10
2014-06-30 2,620.10 65.40 772.40 8.30
2014-03-31 2,662.50 79.40 769.10 12.80
2013-12-31 2,659.20 69.70 772.00 14.70
2013-09-30 2,734.00 85.70 796.50 21.00
2013-06-30 2,571.30 92.60 761.60 19.60
2013-03-31 2,386.60 90.90 722.40 19.20
2012-12-31 2,272.60 117.80 688.00 19.60
2012-09-30 2,096.90 115.80 649.10 21.40
2012-06-30 2,095.90 114.50 650.20 24.90

*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.
  • Nederman Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nederman Holding used its assets less efficiently than the SE Building industry average last year based on Return on Assets.
  • Nederman Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nederman Holding'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.
Nederman Holding has a total score of 1/6, 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 Nederman Holding'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 Nederman Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nederman Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nederman Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nederman Holding'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 1.8x 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 Nederman Holding Company Filings, last reported 3 weeks ago.

OM:NMAN Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,339.60 1,181.30 403.30
2018-12-31 1,250.30 926.10 463.90
2018-09-30 1,192.40 810.10 231.10
2018-06-30 1,176.50 811.10 209.60
2018-03-31 1,158.70 831.00 348.50
2017-12-31 1,075.80 822.80 360.90
2017-09-30 995.60 662.80 314.30
2017-06-30 976.30 681.10 262.00
2017-03-31 1,012.40 692.90 240.10
2016-12-31 982.20 702.90 287.80
2016-09-30 903.90 792.40 254.00
2016-06-30 847.20 813.40 248.50
2016-03-31 852.50 782.40 258.10
2015-12-31 837.10 789.30 261.40
2015-09-30 782.90 795.40 248.60
2015-06-30 762.00 768.30 252.00
2015-03-31 791.40 789.10 306.00
2014-12-31 733.30 770.80 325.00
2014-09-30 655.30 751.50 239.20
2014-06-30 613.50 749.20 207.50
2014-03-31 617.30 736.10 222.30
2013-12-31 619.80 743.70 270.00
2013-09-30 579.80 766.40 211.50
2013-06-30 576.20 769.90 182.70
2013-03-31 573.70 715.10 183.20
2012-12-31 601.20 721.90 224.60
2012-09-30 561.60 743.80 176.00
2012-06-30 566.90 521.50 134.70
  • Nederman Holding's level of debt (88.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (119.3% vs 88.2% today).
  • Debt is not well covered by operating cash flow (13.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.6x coverage).
X
Financial health checks
We assess Nederman Holding'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. Nederman Holding has a total score of 4/6, 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 Nederman Holding'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
1.85%
Current annual income from Nederman Holding dividends.
If you bought SEK2,000 of Nederman Holding shares you are expected to receive SEK37 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?
  • Nederman Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.84%).
  • Nederman Holding's dividend is below the markets top 25% of dividend payers in Sweden (4.33%).
Upcoming dividend payment

Purchase Nederman Holding before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:NMAN 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 0 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 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.8%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

OM:NMAN Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
OM:NMAN Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-18 2.300 2.019
2019-02-19 2.300 2.080
2018-03-14 2.000 2.035
2017-03-13 1.833 2.275
2016-03-14 1.667 2.465
2015-03-18 1.333 1.822
2014-03-31 1.333 2.419
2014-02-12 1.333 2.147
2013-03-28 1.333 2.313
2012-03-05 1.083 2.516
2012-02-15 1.083 2.616
2011-04-01 0.500 1.396
2011-02-16 0.500 1.374
2010-10-22 0.000 0.000
2010-08-12 0.000 0.000
2010-04-28 0.000 0.000
2010-02-16 0.000 0.000

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

  • Whilst dividend payments have been stable, Nederman Holding has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Nederman Holding only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Nederman Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nederman Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Nederman Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nederman Holding 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 Nederman Holding'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
Sven Kristensson
COMPENSATION SEK7,430,000
AGE 56
TENURE AS CEO 18.3 years
CEO Bio

Mr. Sven Kristensson has been the Group Chief Executive Officer of AB Ph. Nederman & Co. since 2001 and also serves as its President, Head of Apac, Interim Senior Vice President. Mr. Kristensson has been Chief Executive Officer of Nederman Holding AB (publ) and Nederman Ltd. since 2001. He serves as President of Nederman Holding AB (publ. He serves as Chairman of the Board of BK Pac Aktiebolag. He has been a Director of Nederman Holding AB since April 2008. He serves as a Board member of Scandiflex Pac Aktiebolag.

CEO Compensation
  • Sven's compensation has been consistent with company performance over the past year.
  • Sven's remuneration is higher than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Nederman Holding management team in years:

2.3
Average Tenure
54.5
Average Age
  • The tenure for the Nederman Holding management team is about average.
Management Team

Sven Kristensson

TITLE
President
COMPENSATION
SEK7M
AGE
56
TENURE
18.3 yrs

Matthew Cusick

TITLE
Senior VP & CFO
AGE
41
TENURE
2.4 yrs

Eva Svensson

TITLE
Senior Vice President of Human Resources
AGE
54

Per Lind

TITLE
Senior Vice President of Global Strategic Accounts
AGE
61
TENURE
2.3 yrs

Per-Ove Eriksson

TITLE
Senior VP & Head of Division Duct & Filter Technology
AGE
62

Hans Dahlén

TITLE
Senior VP and Head of Division Extraction & Filtration Technology
AGE
50

Aage Snorgaard

TITLE
Senior VP and Head of Division Nederman Monitoring & Control Technology
AGE
55
TENURE
2.3 yrs

Tomas Hagström

TITLE
Senior VP and Head of Division Nederman Process Technology
AGE
42
TENURE
2.3 yrs

Jeppe Rasmussen

TITLE
Senior VP & Head of Division Nederman Duct & Filter Technology
AGE
56
TENURE
0.3 yrs

Erik Wahn

TITLE
Senior Vice President of Corporate Strategy & Business Development
AGE
38
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Nederman Holding board of directors in years:

5.5
Average Tenure
54
Average Age
  • The tenure for the Nederman Holding board of directors is about average.
Board of Directors

Jan Svensson

TITLE
Chairman of the Board
COMPENSATION
SEK500K
AGE
62
TENURE
11 yrs

Sven Kristensson

TITLE
President
COMPENSATION
SEK7M
AGE
56
TENURE
11 yrs

Johan Hjertonsson

TITLE
Director
COMPENSATION
SEK250K
AGE
50
TENURE
1 yrs

Ylva op den Hammargren

TITLE
Director
COMPENSATION
SEK250K
AGE
52
TENURE
8 yrs

Johan Menckel

TITLE
Director
COMPENSATION
SEK250K
AGE
47
TENURE
3 yrs

Gunilla Fransson

TITLE
Director
COMPENSATION
SEK250K
AGE
58
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
21. Nov 18 Buy Hans Dahlén Individual 20. Nov 18 20. Nov 18 1,500 SEK89.02 SEK133,530
12. Nov 18 Sell Per-Ove Eriksson Individual 08. Nov 18 08. Nov 18 -1,000 SEK102.00 SEK-102,000
29. Oct 18 Buy Aage Snorgaard Individual 23. Oct 18 26. Oct 18 5,300 SEK92.18 SEK487,897
X
Management checks
We assess Nederman Holding'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. Nederman Holding 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

Is Nederman Holding AB (publ) (STO:NMAN) A Volatile Stock?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Kind Of Investor Owns Most Of Nederman Holding AB (publ) (STO:NMAN)?

The big shareholder groups in Nederman Holding AB (publ) (STO:NMAN) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership.

Simply Wall St -

Should You Be Tempted To Sell Nederman Holding AB (publ) (STO:NMAN) Because Of Its P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Nederman Holding has a price to earnings ratio of 19.53, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Can We Learn From Nederman Holding AB (publ)’s (STO:NMAN) Investment Returns?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

Is Nederman Holding AB (publ)'s (STO:NMAN) ROE Of 16% Impressive?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every SEK1 worth of shareholders' equity, it generated SEK0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Nederman Holding AB (publ)'s (STO:NMAN) CEO Pay Matters To You

Sven Kristensson has been the CEO of Nederman Holding AB (publ) (STO:NMAN) since 2001. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Sven Kristensson's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Financially Strong Is Nederman Holding AB (publ) (STO:NMAN)?

Investors are always looking for growth in small-cap stocks like Nederman Holding AB (publ) (STO:NMAN), with a market cap of kr3.5b. … However, an important fact which most ignore is: how financially healthy is the business? … since poor capital management may bring about bankruptcies,

Simply Wall St -

Is Nederman Holding AB (publ) (STO:NMAN) A Smart Pick For Income Investors?

Historically, Nederman Holding AB (publ) (STO:NMAN) has paid dividends to shareholders, and these days it yields 2.1%. … Does Nederman Holding tick all the boxes of a great dividend stock? … Check out our latest analysis for Nederman Holding?

Simply Wall St -

Nederman Holding AB (publ) (STO:NMAN) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Nederman Holding AB (publ) (STO:NMAN). … The Last 12 Months Of Insider Transactions At Nederman Holding. … Overall, Nederman Holding insiders were net buyers last year

Simply Wall St -

Does Nederman Holding AB (publ)'s (STO:NMAN) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Nederman Holding has a price to earnings ratio of 16.02, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Nederman Holding AB (publ) operates as an environmental technology company in North and South America, Europe, the Middle East, Africa, Asia, and Oceania. It offers industrial air filtration products for heavy process industries, including metal fabrication, power generation, mineral processing, chemical, and other industries, as well as for metal fabrication, fiber-based production, process industry operations, and auto industry aftermarket sectors. The company also provides air filtration products, such as gas turbine inlet air filtration systems, and filters and related media products for the power generation and textile industries under the Nederman Pneumafil brand. In addition, it offers metal chip processing and ash handling systems to metal machining plants, metal recyclers, solid fuel fired power plants, and others under the Nederman National Conveyors brand name; and products and solutions for handling oil mist generated during metal machining. Further, the company provides technologies for evaporation, drying, and filtration of liquids; and extrusion, spheronization, feeding, and pelleting in the chemical industry under the LCI brand name. It also supplies gas and dust analyzers for industries; and provides particulate monitors and intelligent controls for filtration systems and related material flow processes. The company sells its products through own sales companies and distributors. Nederman Holding AB (publ) was founded in 1944 and is headquartered in Helsingborg, Sweden.

Details
Name: Nederman Holding AB (publ)
NMAN
Exchange: OM
Founded: 1944
SEK4,351,005,372
35,088,753
Website: http://www.nedermangroup.com
Address: Nederman Holding AB (publ)
Sydhamnsgatan 2,
Helsingborg,
Skåne County, 251 06,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NMAN Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 16. May 2007
BATS-CHIXE NMANS Ordinary Shares BATS 'Chi-X Europe' GB SEK 16. May 2007
OM NMAN NPV OMX Nordic Exchange Stockholm SE SEK 16. May 2018
BATS-CHIXE NMANS NPV BATS 'Chi-X Europe' GB SEK 16. May 2018
Number of employees
Current staff
Staff numbers
2,303
Nederman Holding employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:18
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2018/02/15
Last earnings filing: 2019/04/17
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.