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Nordic Waterproofing Holding

OM:NWG
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NWG
OM
SEK2B
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

Nordic Waterproofing Holding A/S develops, manufactures, and distributes a range of waterproofing products and solutions for buildings and infrastructure primarily in Belgium, Germany, the Netherlands, Poland, and the United Kingdom, and the Nordic countries. The last earnings update was 19 days ago. More info.


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NWG Share Price and Events
7 Day Returns
0.4%
OM:NWG
1.4%
SE Building
1.2%
SE Market
1 Year Returns
18.7%
OM:NWG
21.5%
SE Building
4.4%
SE Market
NWG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nordic Waterproofing Holding (NWG) 0.4% 9.2% 21.7% 18.7% - -
SE Building 1.4% 7.3% 24.9% 21.5% 35.1% 96.1%
SE Market 1.2% 3.3% 9.9% 4.4% 15.1% 25.4%
1 Year Return vs Industry and Market
  • NWG underperformed the Building industry which returned 21.5% over the past year.
  • NWG outperformed the Market in Sweden which returned 4.4% over the past year.
Price Volatility
NWG
Industry
5yr Volatility vs Market

Value

 Is Nordic Waterproofing 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 Nordic Waterproofing 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 Nordic Waterproofing Holding.

OM:NWG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:NWG
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%) (25.04%))
1.274
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.274 * 5.96%)
8.02%

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

The calculations below outline how an intrinsic value for Nordic Waterproofing 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:NWG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 8.02%)
2019 147.00 Analyst x1 136.08
2020 211.50 Analyst x2 181.25
2021 223.50 Analyst x2 177.30
2022 232.43 Est @ 3.99% 170.69
2023 239.23 Est @ 2.93% 162.63
2024 244.44 Est @ 2.18% 153.83
2025 248.49 Est @ 1.66% 144.76
2026 251.69 Est @ 1.29% 135.74
2027 254.29 Est @ 1.03% 126.95
2028 256.46 Est @ 0.85% 118.52
Present value of next 10 years cash flows SEK1,507.76
OM:NWG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK256.46 × (1 + 0.43%) ÷ (8.02% – 0.43%)
SEK3,393.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,393.61 ÷ (1 + 8.02%)10
SEK1,568.35
OM:NWG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,507.76 + SEK1,568.35
SEK3,076.11
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,076.11 / 23.88
SEK128.79
OM:NWG Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK128.79
Current discount Discount to share price of SEK91.50
= -1 x (SEK91.50 - SEK128.79) / SEK128.79
29%

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

Current Discount
Amount off the current price Nordic Waterproofing Holding is available for.
Intrinsic value
29%
Share price is SEK91.5 vs Future cash flow value of SEK128.79
Current Discount Checks
For Nordic Waterproofing Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nordic Waterproofing Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nordic Waterproofing Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Nordic Waterproofing Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nordic Waterproofing Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:NWG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK6.32
OM:NWG Share Price ** OM (2019-04-18) in SEK SEK91.5
Sweden Building Industry PE Ratio Median Figure of 11 Publicly-Listed Building Companies 20.36x
Sweden Market PE Ratio Median Figure of 322 Publicly-Listed Companies 16.88x

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

** Primary Listing of Nordic Waterproofing Holding.

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

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

= 91.5 ÷ 6.32

14.49x

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

  • Nordic Waterproofing Holding is good value based on earnings compared to the SE Building industry average.
  • Nordic Waterproofing Holding is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Nordic Waterproofing Holding's expected growth come at a high price?
Raw Data
OM:NWG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
11.6%per year
Sweden Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 1.38x
Sweden Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

OM:NWG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.49x ÷ 11.6%

1.25x

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

  • Nordic Waterproofing Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nordic Waterproofing Holding's assets?
Raw Data
OM:NWG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK45.28
OM:NWG Share Price * OM (2019-04-18) in SEK SEK91.5
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:NWG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 91.5 ÷ 45.28

2.02x

* Primary Listing of Nordic Waterproofing Holding.

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

  • Nordic Waterproofing Holding is good value based on assets compared to the SE Building industry average.
X
Value checks
We assess Nordic Waterproofing 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. Nordic Waterproofing Holding has a total score of 4/6, 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 Nordic Waterproofing Holding expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nordic Waterproofing Holding expected to grow at an attractive rate?
  • Nordic Waterproofing Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Nordic Waterproofing Holding's earnings growth is expected to exceed the Sweden market average.
  • Nordic Waterproofing Holding's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:NWG Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:NWG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 11.6%
OM:NWG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.3%
Sweden Building Industry Earnings Growth Rate Market Cap Weighted Average 27.9%
Sweden Building Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
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:NWG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:NWG Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,071 276 225 2
2020-12-31 2,985 264 217 2
2019-12-31 2,914 206 204 2
OM:NWG Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 2,680 185 152
2018-09-30 2,545 189 150
2018-06-30 2,414 160 144
2018-03-31 2,281 95 136
2017-12-31 2,187 126 137
2017-09-30 2,070 134 141
2017-06-30 1,950 118 149
2017-03-31 1,869 166 154
2016-12-31 1,813 128 156
2016-09-30 1,788 112 137
2016-06-30 1,766 125 89
2016-03-31 1,725 130 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nordic Waterproofing Holding's earnings are expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
  • Nordic Waterproofing Holding's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
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:NWG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

OM:NWG Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.33 9.41 9.25 2.00
2020-12-31 9.02 9.10 8.94 2.00
2019-12-31 8.49 8.49 8.49 2.00
OM:NWG Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 6.32
2018-09-30 6.21
2018-06-30 5.96
2018-03-31 5.64
2017-12-31 5.68
2017-09-30 5.87
2017-06-30 6.20
2017-03-31 6.39
2016-12-31 6.49
2016-09-30 5.92
2016-06-30 3.86
2016-03-31 2.76

*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.
  • Nordic Waterproofing Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nordic Waterproofing 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.
Nordic Waterproofing Holding has a total score of 2/6, 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 Nordic Waterproofing 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 Nordic Waterproofing 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.
  • Nordic Waterproofing Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Nordic Waterproofing Holding's 1-year earnings growth is less than its 5-year average (11.1% vs 16%)
  • Nordic Waterproofing Holding's earnings growth has not exceeded the SE Building industry average in the past year (11.1% vs 11.3%).
Earnings and Revenue History
Nordic Waterproofing 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 Nordic Waterproofing Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:NWG Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,679.70 152.10 478.50 6.70
2018-09-30 2,545.30 149.50 437.60 6.40
2018-06-30 2,413.90 143.50 414.10 6.40
2018-03-31 2,280.50 135.80 400.00 8.90
2017-12-31 2,186.80 136.90 402.80 6.50
2017-09-30 2,069.50 141.30 392.40 6.10
2017-06-30 1,950.00 149.30 380.20 6.40
2017-03-31 1,869.30 154.00 359.90 6.50
2016-12-31 1,813.10 156.20 345.60 6.60
2016-09-30 1,787.90 136.60 353.20 7.20
2016-06-30 1,766.30 89.10 359.80 6.80
2016-03-31 1,725.30 72.30 354.20 6.40
2015-12-31 1,720.00 81.80 344.10 6.20
2014-12-31 1,678.73 77.51 281.17 6.46
2013-12-31 1,667.97 70.98 271.52 5.68
2012-12-31 1,671.66 26.83 274.28 5.12

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nordic Waterproofing Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nordic Waterproofing Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nordic Waterproofing 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 1.5x 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 Nordic Waterproofing Holding Company Filings, last reported 3 months ago.

OM:NWG Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,105.60 547.30 105.60
2018-09-30 1,116.40 566.90 74.00
2018-06-30 1,048.00 481.20 51.00
2018-03-31 1,051.10 371.00 78.20
2017-12-31 1,009.90 360.30 156.80
2017-09-30 971.70 353.80 78.00
2017-06-30 911.40 355.80 81.30
2017-03-31 952.30 352.80 228.00
2016-12-31 963.60 353.40 328.40
2016-09-30 924.20 354.90 227.90
2016-06-30 839.80 349.80 149.60
2016-03-31 753.50 335.90 96.90
2015-12-31 747.90 322.80 181.30
2014-12-31 685.40 397.84 138.80
2013-12-31 599.38 422.95 60.67
2012-12-31 528.24 454.09 42.25
  • Nordic Waterproofing Holding's level of debt (49.5%) 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 (70.5% vs 49.5% today).
  • Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.3x coverage).
X
Financial health checks
We assess Nordic Waterproofing 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. Nordic Waterproofing Holding has a total score of 5/6, 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 Nordic Waterproofing 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
4.37%
Current annual income from Nordic Waterproofing Holding dividends. Estimated to be 5.33% next year.
If you bought SEK2,000 of Nordic Waterproofing Holding shares you are expected to receive SEK87 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?
  • Nordic Waterproofing Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
  • Nordic Waterproofing Holding's dividend is above the markets top 25% of dividend payers in Sweden (4.37%).
Upcoming dividend payment

Purchase Nordic Waterproofing 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:NWG 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 2 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 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

OM:NWG Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 5.10 2.00
2020-12-31 4.88 2.00
2019-12-31 4.65 2.00
OM:NWG Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-02 4.000 4.536
2019-02-12 4.000 4.817
2018-03-27 3.750 4.855
2018-02-08 3.750 4.988
2017-04-04 3.750 4.314
2017-02-14 3.750 4.139

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

  • Whilst dividend payments have been stable, Nordic Waterproofing Holding has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Nordic Waterproofing Holding only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Nordic Waterproofing Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Nordic Waterproofing 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 Nordic Waterproofing Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nordic Waterproofing Holding has a total score of 4/6, 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 Nordic Waterproofing 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
Martin Ellis
COMPENSATION SEK7,500,000
AGE 62
TENURE AS CEO 3.5 years
CEO Bio

Mr. Martin Ellis has been the Chief Executive Officer and President of Nordic Waterproofing Holding A/S since October 2015. Mr. Ellis serves as the Chief Executive Officer of Icopal and President of the Building Materials Division at Saint Gobain. He joined Nordic Waterproofing in 2011. Mr. Ellis has 30 years of experience as the Chief Executive Officer and other leading positions. He served as the Chief Executive Officer of Nordic Waterproofing from 2011 to 2012 and Chairman of Nordic Waterproofing from 2011 to 2015. He served as the Chairman of Nordic Waterproofing Holding A/S from 2011 to September 2015 and also served as its Director until September 2015. He holds Diploma from HEC Paris Business School, France. In addition, he attended Stern Business School in New York, USA and Getulio Vargas Business School in Sao Paulo, Brazil.

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

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

3.5
Average Tenure
54
Average Age
  • The tenure for the Nordic Waterproofing Holding management team is about average.
Management Team

Martin Ellis

TITLE
CEO, President & Member of Executive Board
COMPENSATION
SEK8M
AGE
62
TENURE
3.5 yrs

Jonas Olin

TITLE
CFO & Head of Investor Relations
AGE
46
TENURE
8.3 yrs

Mats Lindborg

TITLE
Head of Nordic Waterproofing Sweden
AGE
54
TENURE
8.3 yrs

Paul Rask

TITLE
Head of Nordic Waterproofing Denmark
AGE
56
TENURE
8.3 yrs

Thomas Zipfel

TITLE
Head of SealEco
AGE
57
TENURE
8.3 yrs

Esa Maki

TITLE
Head of Nordic Waterproofing Finland
AGE
49
TENURE
2.3 yrs

Petter Holth

TITLE
Head of Nordic Waterproofing Norway
AGE
59
TENURE
1.8 yrs

Martin Tholstrup

TITLE
Head of Taasinge Elementer
AGE
42
TENURE
1.8 yrs

Bengt-Erik Karlberg

TITLE
Head of Veg Tech
AGE
49

Anders Antonsson

TITLE
Independent Communications Consultant
AGE
54
TENURE
1.8 yrs
Board of Directors Tenure

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

2.2
Average Tenure
56.5
Average Age
  • The average tenure for the Nordic Waterproofing Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ulf Gundemark

TITLE
Chairman
COMPENSATION
SEK500K
AGE
67
TENURE
3.5 yrs

Jørgen Jensen

TITLE
Director
COMPENSATION
SEK400K
AGE
50
TENURE
4.3 yrs

Riitta Palomäki

TITLE
Director
COMPENSATION
SEK300K
AGE
61
TENURE
2.3 yrs

Mats Paulsson

TITLE
Director
COMPENSATION
SEK200K
AGE
60
TENURE
2 yrs

Kristina Willgård

TITLE
Director
COMPENSATION
SEK200K
AGE
53
TENURE
2 yrs

Allan Jørgensen

TITLE
Director
AGE
53
TENURE
1 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)
X
Management checks
We assess Nordic Waterproofing 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. Nordic Waterproofing 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

Interested In Nordic Waterproofing Holding A/S (STO:NWG)? Here's What Its Recent Performance Looks Like

Examining Nordic Waterproofing Holding A/S's (STO:NWG) past track record of performance is a useful exercise for investors. … Below, I will assess NWG's latest performance announced on 30 September 2018 and weight these figures against its longer term trend and industry movements. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 17%, indicating the rate at which NWG is growing has slowed down

Simply Wall St -

What Should You Know About Nordic Waterproofing Holding A/S's (STO:NWG) Capital Returns?

and want to better understand how you can grow your money by investing in Nordic Waterproofing Holding A/S (STO:NWG). … Nordic Waterproofing Holding stock represents an ownership share in the company. … To understand Nordic Waterproofing Holding’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Nordic Waterproofing Holding A/S's (STO:NWG) Most Important Factor To Consider

Nordic Waterproofing Holding A/S (STO:NWG) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I’ve analysed below, the health and outlook of Nordic Waterproofing Holding’s cash flow, which will help you understand the stock from a cash standpoint. … Free cash flow (FCF) is the amount of cash Nordic Waterproofing Holding has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Should Nordic Waterproofing Holding A/S's (STO:NWG) Recent Earnings Worry You?

Examining Nordic Waterproofing Holding A/S's (STO:NWG) past track record of performance is a useful exercise for investors. … Below, I will assess NWG's latest performance announced on 30 June 2018 and weight these figures against its longer term trend and industry movements. … View our latest analysis for Nordic Waterproofing Holding?

Simply Wall St -

Capital Goods Industry: A Dive Into Nordic Waterproofing Holding A/S (STO:NWG)

operates in the building product industry. … This is because the building sector is predominantly affected by shifts in the housing market, as a result of demand from construction projects … Generally, building product stocks are good buys during the early periods of economic growth due to the anticipated increase in demand

Simply Wall St -

Is Nordic Waterproofing Holding A/S's (STO:NWG) 12.93% ROE Strong Compared To Its Industry?

and want to learn about Return on Equity using a real-life example. … Nordic Waterproofing Holding A/S (STO:NWG) performed in-line with its building products industry on the basis of its ROE – producing a return of12.93% relative to the peer average of 12.04% over the past 12 months. … See our latest analysis for Nordic Waterproofing Holding

Simply Wall St -

What Should You Know About Nordic Waterproofing Holding A/S's (STO:NWG) Return On Capital?

and want to better understand how you can grow your money by investing in Nordic Waterproofing Holding A/S (STO:NWG). … Therefore, looking at how efficiently Nordic Waterproofing Holding is able to use capital to create earnings will help us understand your potential return. … View our latest analysis for Nordic Waterproofing Holding

Simply Wall St -

Does Nordic Waterproofing Holding A/S's (STO:NWG) PE Ratio Signal A Buying Opportunity?

Nordic Waterproofing Holding A/S (STO:NWG) is currently trading at a trailing P/E of 14.7x, which is lower than the industry average of 18x. … While NWG might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … Check out our latest analysis for Nordic Waterproofing Holding

Simply Wall St -

What You Must Know About Nordic Waterproofing Holding A/S's (STO:NWG) Financial Strength

Investors are always looking for growth in small-cap stocks like Nordic Waterproofing Holding A/S (STO:NWG), with a market cap of kr2.00b. … 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 -

Why Nordic Waterproofing Holding A/S (STO:NWG) Is An Attractive Stock On Right Now

In the case of Nordic Waterproofing Holding A/S (STO:NWG), there's. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Nordic Waterproofing Holding here

Simply Wall St -

Company Info

Description

Nordic Waterproofing Holding A/S develops, manufactures, and distributes a range of waterproofing products and solutions for buildings and infrastructure primarily in Belgium, Germany, the Netherlands, Poland, and the United Kingdom, and the Nordic countries. The company operates in two segments, Products & Solutions, and Installation Services. It offers roofing products for various types of roofing and needs, including flat and pitched roofing waterproofing products, and roofing accessories; and building products, such as under layers, moisture and wind barriers, tarpaulins, geo membranes, and foundation panels. The company also provides ethylene propylene diene monomer M-class based water and weather protection solutions for buildings and other types of constructions; and lining applications as geomembrane for ponds and reservoirs, or capping of waste, as well as installation and maintenance services for roofing, yards, and bridges. It offers its products under the AL-Katot, Hetag Tagmaterialer, Kerabit, KerabitPro, Mataki, Nortett, Phønix Tag Materialer, SealEco, and Trebolit brands. Nordic Waterproofing Holding A/S was founded in 1889 and is headquartered in Helsingborg, Sweden.

Details
Name: Nordic Waterproofing Holding A/S
NWG
Exchange: OM
Founded: 1889
SEK2,185,380,052
23,883,935
Website: http://www.nordicwaterproofing.com
Address: Nordic Waterproofing Holding A/S
Drottninggatan 11,
Helsingborg,
Skåne County, 252 21,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NWG Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 10. Jun 2016
DB 2ES Ordinary Shares Deutsche Boerse AG DE EUR 10. Jun 2016
LSE 0RH9 Ordinary Shares London Stock Exchange GB SEK 10. Jun 2016
CPSE NWG Ordinary Shares OMX Nordic Exchange Copenhagen DK SEK 10. Jun 2016
BATS-CHIXE NWGS Ordinary Shares BATS 'Chi-X Europe' GB SEK 10. Jun 2016
Number of employees
Current staff
Staff numbers
1,033
Nordic Waterproofing Holding employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:53
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/04/02
Last earnings reported: 2018/12/31
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.