OM:NMAN

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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. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.1%

NMAN

-3.3%

SE Building

-1.1%

SE Market


1 Year Return

10.7%

NMAN

12.5%

SE Building

13.4%

SE Market

Return vs Industry: NMAN underperformed the Swedish Building industry which returned 12.4% over the past year.

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


Shareholder returns

NMANIndustryMarket
7 Day-6.1%-3.3%-1.1%
30 Day-4.1%1.0%2.7%
90 Day16.1%4.3%6.8%
1 Year10.7%10.7%13.4%12.5%15.3%13.4%
3 Year64.5%57.6%50.0%43.1%30.9%16.9%
5 Year90.0%73.3%69.0%55.9%59.3%28.3%

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 compared to its fair value and its price relative to the market?

33.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NMAN (SEK130) is trading below our estimate of fair value (SEK196.52)

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


Price To Earnings Ratio

PE vs Industry: NMAN is poor value based on its PE Ratio (30.6x) compared to the SE Building industry average (23.1x).

PE vs Market: NMAN is poor value based on its PE Ratio (30.6x) compared to the Swedish market (22.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NMAN is overvalued based on its PB Ratio (3.4x) compared to the SE Building industry average (3.2x).


Next Steps

Future Growth

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

9.4%

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 Nederman Holding 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 Nederman Holding performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NMAN has a large one-off loss of SEK79.3M impacting its June 30 2020 financial results.

Growing Profit Margin: NMAN's current net profit margins (3.6%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: NMAN's earnings have grown by 8% per year over the past 5 years.

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

Earnings vs Industry: NMAN had negative earnings growth (-33.3%) over the past year, making it difficult to compare to the Building industry average (1.1%).


Return on Equity

High ROE: NMAN's Return on Equity (11.1%) is considered low.


Next Steps

Financial Health

How is Nederman Holding's financial position?


Financial Position Analysis

Short Term Liabilities: NMAN's short term assets (SEK2.0B) exceed its short term liabilities (SEK1.3B).

Long Term Liabilities: NMAN's short term assets (SEK2.0B) exceed its long term liabilities (SEK2.0B).


Debt to Equity History and Analysis

Debt Level: NMAN's debt to equity ratio (117.4%) is considered high.

Reducing Debt: NMAN's debt to equity ratio has increased from 100.7% to 117.4% over the past 5 years.

Debt Coverage: NMAN's debt is well covered by operating cash flow (25.8%).

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


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.8yrs

Average management tenure


CEO

Sven Kristensson (58 yo)

19.75yrs

Tenure

kr7,618,000

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

Compensation vs Market: Sven's total compensation ($USD868.48K) is above average for companies of similar size in the Swedish market ($USD490.21K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Sven Kristensson
President19.75yrskr7.62m0.95%
SEK 43.2m
Matthew Cusick
Senior VP & CFO3.92yrsno data0.0040%
SEK 182.9k
Eva Svensson
Senior Vice President of Human Resourcesno datano data0.014%
SEK 646.9k
Hans Dahlén
Senior VP and Head of Division Extraction & Filtration Technologyno datano data0.014%
SEK 631.9k
Tomas Hagström
Senior VP & Head of Division Process Technology3.75yrsno data0.0015%
SEK 70.3k
Jeppe Rasmussen
Senior VP and Head of Division Duct & Filter Technology1.75yrsno datano data
Erik Wahn
Senior Vice President of Corporate Strategy & Business Development1.75yrsno datano data
Kristian Lexander
Senior VP & CIO1.75yrsno data0.0027%
SEK 125.5k
Ketil Paulsen
Senior VP and Head of Division Monitoring & Control Technology0.75yrno datano data

1.8yrs

Average Tenure

52yo

Average Age

Experienced Management: NMAN's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sven Kristensson
President19.75yrskr7.62m0.95%
SEK 43.2m
Johan Hjertonsson
Chairman of the Board1.5yrskr540.00k0.014%
SEK 650.1k
Johan Menckel
Independent Director4.5yrskr260.00k0.011%
SEK 520.1k
Ylva Op Den Hammargren
Independent Director9.5yrskr260.00kno data
Gunilla Fransson
Independent Director4.08yrskr260.00k0.0023%
SEK 104.0k
Sam Strömerstén
Independent Director1.5yrskr260.00kno data

4.3yrs

Average Tenure

56yo

Average Age

Experienced Board: NMAN's board of directors are considered experienced (4.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: kr4.562b
  • Shares outstanding: 35.09m
  • Website: https://www.nedermangroup.com

Number of Employees


Location

  • Nederman Holding AB (publ)
  • Sydhamnsgatan 2
  • PO Box 602
  • Helsingborg
  • Skåne County
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NMANOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKMay 2007
0GXGLSE (London Stock Exchange)YesOrdinary SharesGBSEKMay 2007
NMANSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKMay 2007

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 Analysis2020/10/24 21:28
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.