OM:NMAN

Stock Analysis Report

Executive Summary

Nederman Holding AB (publ) operates as an environmental technology company in North and South America, Europe, the Middle East, Africa, Asia, and Oceania.

Snowflake

Fundamentals

Adequate balance sheet second-rate dividend payer.

Risks

  • Nederman Holding is not covered by any analysts.

Share Price & News

How has Nederman Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.2%

OM:NMAN

2.1%

SE Building

1.4%

SE Market


1 Year Return

8.6%

OM:NMAN

18.9%

SE Building

2.6%

SE Market

NMAN underperformed the Building industry which returned 17.8% over the past year.

NMAN outperformed the Market in Sweden which returned 2.2% over the past year.


Share holder returns

NMANIndustryMarket
7 Day3.2%2.1%1.4%
30 Day5.6%2.1%5.6%
90 Day10.5%2.4%1.5%
1 Year10.7%8.6%20.8%18.9%7.0%2.6%
3 Year94.9%82.5%38.3%30.6%31.3%11.7%
5 Year147.9%122.4%104.3%89.8%54.5%21.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19.43x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Nederman Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Nederman Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for Nederman Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Nederman Holding is overvalued based on assets compared to the SE Building industry average.


Next Steps

Future Growth

How is Nederman Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Nederman Holding is high growth as no revenue estimate data is available.

Nederman Holding's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

Unable to compare Nederman Holding's revenue growth to the Sweden market average as no estimate data is available.

Nederman Holding's earnings growth is positive but not above the Sweden market average.

Nederman Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Nederman Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Nederman Holding performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (13.8% vs 16.3%)

Nederman Holding's earnings growth has not exceeded the SE Building industry average in the past year (13.8% vs 24.9%).


Return on Equity

Nederman Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Nederman Holding used its assets less efficiently than the SE Building industry average last year based on Return on Assets.


Return on Capital Employed

Nederman Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Nederman Holding's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Nederman Holding's level of debt (71.9%) 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 (121.8% vs 71.9% today).

Debt is not well covered by operating cash flow (16.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 16.5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.2x debt.


Next Steps

Dividend

What is Nederman Holding's current dividend yield, its reliability and sustainability?

1.86%

Current Dividend Yield


Dividend Yield and Payments Analysis

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 (4.89%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x 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.


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Sven Kristensson (57yo)

18.7yrs

Tenure

kr7,430,000

Compensation

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 C ...


CEO Compensation Analysis

Sven's remuneration is higher than average for companies of similar size in Sweden.

Sven's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.7yrs

Average Tenure

53yo

Average Age

The tenure for the Nederman Holding management team is about average.


Board Age and Tenure

3.2yrs

Average Tenure

55yo

Average Age

The tenure for the Nederman Holding board of directors is about average.


Insider Trading

More shares have been bought than sold by Nederman Holding individual insiders in the past 3 months.


Recent Insider Transactions

Buykr64,12502 Sep 19
Tomas Hagström
EntityIndividual
Role
Senior Key Executive
Senior VP and Head of Division Nederman Process Technology
Shares540
Max Pricekr118.75
Buykr453,19507 Aug 19
Johan Menckel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max Pricekr113.88
Buykr11,02014 May 19
Matthew Cusick
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares100
Max Pricekr110.20
Buykr36,35606 May 19
Per-Ove Eriksson
EntityIndividual
Shares334
Max Pricekr108.85
Buykr44,19306 May 19
Matthew Cusick
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares406
Max Pricekr108.85
Buykr72,05906 May 19
Hans Dahlén
EntityIndividual
Role
Senior Key Executive
Senior VP and Head of Division Extraction & Filtration Technology
Shares662
Max Pricekr108.85
Buykr36,23906 May 19
Eva Svensson
EntityIndividual
Role
Head of Human Resources
Senior Vice President of Human Resources
Shares334
Max Pricekr108.50
Buykr133,53021 Nov 18
Hans Dahlén
EntityIndividual
Role
Senior Key Executive
Senior VP and Head of Division Extraction & Filtration Technology
Shares1,500
Max Pricekr89.02
Sellkr102,00012 Nov 18
Per-Ove Eriksson
EntityIndividual
Shares1,000
Max Pricekr102.00
Buykr487,89729 Oct 18
Aage Snorgaard
EntityIndividual
Role
Senior Key Executive
Senior VP and Head of Division Nederman Monitoring & Control Technology
Shares5,300
Max Pricekr92.18

Ownership Breakdown


Management Team

  • Sven Kristensson (57yo)

    President

    • Tenure: 18.7yrs
    • Compensation: kr7.43m
  • Per Lind (62yo)

    Senior Vice President of Global Strategic Accounts

    • Tenure: 2.7yrs
  • Eva Svensson (55yo)

    Senior Vice President of Human Resources

    • Tenure: 0yrs
  • Aage Snorgaard (56yo)

    Senior VP and Head of Division Nederman Monitoring & Control Technology

    • Tenure: 2.7yrs
  • Tomas Hagström (43yo)

    Senior VP and Head of Division Nederman Process Technology

    • Tenure: 2.7yrs
  • Hans Dahlén (51yo)

    Senior VP and Head of Division Extraction & Filtration Technology

    • Tenure: 0yrs
  • Matthew Cusick (42yo)

    Senior VP & CFO

    • Tenure: 2.8yrs
  • Jeppe Rasmussen (57yo)

    Senior VP & Head of Division Nederman Duct & Filter Technology

    • Tenure: 0.7yrs
  • Erik Wahn (39yo)

    Senior Vice President of Corporate Strategy & Business Development

    • Tenure: 0.7yrs
  • Kristian Lexander (44yo)

    Senior VP

    • Tenure: 0.7yrs

Board Members

  • Sven Kristensson (57yo)

    President

    • Tenure: 18.7yrs
    • Compensation: kr7.43m
  • Johan Hjertonsson (51yo)

    Chairman of the Board

    • Tenure: 0.4yrs
    • Compensation: kr250.00k
  • Johan Menckel (48yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: kr250.00k
  • Ylva op den Hammargren (53yo)

    Director

    • Tenure: 8.4yrs
    • Compensation: kr250.00k
  • Gunilla Fransson (59yo)

    Director

    • Tenure: 3yrs
    • Compensation: kr250.00k
  • Sam Strömerstén (64yo)

    Director

    • Tenure: 0.4yrs

Company Information

Nederman Holding AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nederman Holding AB (publ)
  • Ticker: NMAN
  • Exchange: OM
  • Founded: 1944
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr4.345b
  • Shares outstanding: 35.09m
  • Website: https://www.nedermangroup.com

Number of Employees


Location

  • Nederman Holding AB (publ)
  • Sydhamnsgatan 2
  • Helsingborg
  • Skåne County
  • 251 06
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NMANOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKMay 2007
NMANSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKMay 2007
NMANOM (OMX Nordic Exchange Stockholm)NPVSESEKMay 2018
NMANSBATS-CHIXE (BATS 'Chi-X Europe')NPVGBSEKMay 2018

Biography

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 h ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 20:53
End of Day Share Price2019/09/18 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.