Nolato (OM:NOLA B) - Share price, News & Analysis

NOLA B fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	5/6
Financial Health	4/6
Dividends	3/6

NOLA B Stock Overview

Rewards

Trading at 42.8% below our estimate of its fair value

Earnings are forecast to grow 8.01% per year

Earnings have grown 16.2% per year over the past 5 years

Risk Analysis

Dividend of 3.11% is not well covered by earnings

Nolato Competitors

BYD

SEHK:1211

HK$905.1b

Parker-Hannifin

NYSE:PH

US$35.0b

West Pharmaceutical Services

NYSE:WST

US$23.8b

Jabil

NYSE:JBL

US$8.8b

Price History & Performance

Summary of all time highs, changes and price drops for Nolato
Historical stock prices
Current Share Price	kr61.10
52 Week High	kr121.40
52 Week Low	kr52.45
Beta	1.22
1 Month Change	-10.48%
3 Month Change	-31.46%
1 Year Change	-29.49%
3 Year Change	35.12%
5 Year Change	93.35%
Change since IPO	1,971.19%

Recent News & Updates

May 17

At kr57.40, Is It Time To Put Nolato AB (publ) (STO:NOLA B) On Your Watch List?

Nolato AB (publ) ( STO:NOLA B ), might not be a large cap stock, but it saw significant share price movement during...

Apr 29

Is Nolato (STO:NOLA B) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

	NOLA B	SE Industrials	SE Market
7D	0.7%	3.0%	3.0%
1Y	-29.5%	-8.1%	-10.8%

Return vs Industry: NOLA B underperformed the Swedish Industrials industry which returned -11.5% over the past year.

Return vs Market: NOLA B underperformed the Swedish Market which returned -13.5% over the past year.

Price Volatility

Is NOLA B's price volatile compared to industry and market?
NOLA B volatility
NOLA B Average Weekly Movement	7.2%
Industrials Industry Average Movement	7.6%
Market Average Movement	7.5%
10% most volatile stocks in SE Market	12.6%
10% least volatile stocks in SE Market	4.8%

Stable Share Price: NOLA B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: NOLA B's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1938	7,377	Christer Wahlquist	https://www.nolato.com

Nolato AB (publ) develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products for medical technology, pharmaceutical, consumer electronics, telecom, automotive, and other industrial sectors in North America, Sweden, Asia, and other Europe region. The company offers consumables and reusable labware for clinical, chemical, forensic, research, and industrial testing laboratories; manufactures pipette tips, deep-well plates, microtubes, and PCR products; assemblies and post-processing services; and products for primary pharmaceutical packaging, as well as for solids, creams, and ophthalmic and customized production solutions. It designs, develops, and produces advanced components, subsystems, and ready-packaged electronics products, such as laser applications and ceramics, fitness trackers, loudspeaker systems, thermostats, webcams, and vaporiser heating products; automotive products; EMI shielding, thermal interface materials, and silicone sealing and damping solutions; and supplies plastic components and assemblies for food processing equipment, such as coffee machines and blenders.

Nolato Fundamentals Summary

How do Nolato's earnings and revenue compare to its market cap?
NOLA B fundamental statistics
Market Cap	kr16.46b
Earnings (TTM)	kr1.14b
Revenue (TTM)	kr11.84b

14.5x

P/E Ratio

1.4x

P/S Ratio

Is NOLA B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOLA B income statement (TTM)
Revenue	kr11.84b
Cost of Revenue	kr10.04b
Gross Profit	kr1.80b
Other Expenses	kr666.00m
Earnings	kr1.14b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 20, 2022

Earnings per share (EPS)	4.21
Gross Margin	15.21%
Net Profit Margin	9.58%
Debt/Equity Ratio	30.1%

How did NOLA B perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

45%

Payout Ratio

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

42.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NOLA B (SEK61.1) is trading below our estimate of fair value (SEK106.82)

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

Price To Earnings Ratio

PE vs Industry: NOLA B is good value based on its Price-To-Earnings Ratio (14.5x) compared to the Swedish Industrials industry average (31.9x).

PE vs Market: NOLA B is good value based on its Price-To-Earnings Ratio (14.5x) compared to the Swedish market (17.1x).

Price to Earnings Growth Ratio

PEG Ratio: NOLA B is poor value based on its PEG Ratio (1.8x)

Price to Book Ratio

PB vs Industry: NOLA B is good value based on its Price-To-Book Ratio (3.3x) compared to the SE Industrials industry average (3.8x).

Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

8.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOLA B's forecast earnings growth (8% per year) is above the savings rate (0.3%).

Earnings vs Market: NOLA B's earnings (8% per year) are forecast to grow slower than the Swedish market (9.5% per year).

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

Revenue vs Market: NOLA B's revenue (5.4% per year) is forecast to grow slower than the Swedish market (5.8% per year).

High Growth Revenue: NOLA B's revenue (5.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NOLA B's Return on Equity is forecast to be low in 3 years time (19.5%).

Past Performance

How has Nolato performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

16.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOLA B has high quality earnings.

Growing Profit Margin: NOLA B's current net profit margins (9.6%) are higher than last year (8.6%).

Past Earnings Growth Analysis

Earnings Trend: NOLA B's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: NOLA B's earnings growth over the past year (32.7%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: NOLA B earnings growth over the past year (32.7%) underperformed the Industrials industry 46.5%.

Return on Equity

High ROE: NOLA B's Return on Equity (22.7%) is considered high.

Financial Health

How is Nolato's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: NOLA B's short term assets (SEK4.7B) exceed its short term liabilities (SEK2.8B).

Long Term Liabilities: NOLA B's short term assets (SEK4.7B) exceed its long term liabilities (SEK2.2B).

Debt to Equity History and Analysis

Debt Level: NOLA B's net debt to equity ratio (2%) is considered satisfactory.

Reducing Debt: NOLA B's debt to equity ratio has increased from 26.7% to 30.1% over the past 5 years.

Debt Coverage: NOLA B's debt is well covered by operating cash flow (70.8%).

Interest Coverage: Insufficient data to determine if NOLA B's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is Nolato current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NOLA B's dividend (3.11%) is higher than the bottom 25% of dividend payers in the Swedish market (1.47%).

High Dividend: NOLA B's dividend (3.11%) is low compared to the top 25% of dividend payers in the Swedish market (4.88%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45%), NOLA B's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (179%), NOLA B's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure

CEO

Christer Wahlquist (50 yo)

6.25yrs

Tenure

kr10,551,000

Compensation

Mr. Christer Wahlquist, ME, MBA, serves as Independent Director at Inwido AB since January 21, 2020. Mr. Wahlquist has been the Chief Executive Officer and President of Nolato AB (publ) since February 05,...

CEO Compensation Analysis

Compensation vs Market: Christer's total compensation ($USD1.07M) is about average for companies of similar size in the Swedish market ($USD911.50K).

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

Leadership Team

Experienced Management: NOLA B's management team is seasoned and experienced (9.8 years average tenure).

Board Members

Experienced Board: NOLA B's board of directors are considered experienced (7.5 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: NOLA B 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31