Declared Dividend • May 28
Dividend of kr2.00 announced Shareholders will receive a dividend of kr2.00. Ex-date: 13th November 2026 Payment date: 19th November 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is covered by cash flows (75% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 6.2% to bring the payout ratio under control. EPS is expected to grow by 104% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Upcoming Dividend • May 13
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 26 May 2026. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (4.2%). Higher than average of industry peers (2.3%). Reported Earnings • May 05
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: kr0.72 (down from kr1.08 in 1Q 2025). Revenue: kr25.0m (down 7.7% from 1Q 2025). Net income: kr5.10m (down 33% from 1Q 2025). Profit margin: 20% (down from 28% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Price Target Changed • May 04
Price target increased by 7.9% to kr103 Up from kr95.00, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of kr94.60. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of kr4.78 for next year compared to kr3.49 last year. Price Target Changed • Apr 14
Price target increased by 11% to kr100.00 Up from kr90.00, the current price target is provided by 1 analyst. New target price is 12% above last closing price of kr89.20. Stock is down 13% over the past year. The company is forecast to post earnings per share of kr4.61 for next year compared to kr3.49 last year. Reported Earnings • Apr 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: kr3.49 (down from kr4.85 in FY 2024). Revenue: kr108.0m (down 20% from FY 2024). Net income: kr24.6m (down 28% from FY 2024). Profit margin: 23% (down from 25% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Recent Insider Transactions • Feb 28
CEO, President recently sold kr123k worth of stock On the 26th of February, Steve Dawson sold around 1k shares on-market at roughly kr88.01 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Steve's only on-market trade for the last 12 months. Reported Earnings • Feb 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: kr3.49 (down from kr4.85 in FY 2024). Revenue: kr108.0m (down 20% from FY 2024). Net income: kr24.6m (down 28% from FY 2024). Profit margin: 23% (down from 25% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Declared Dividend • Feb 19
Dividend of kr1.00 announced Shareholders will receive a dividend of kr1.00. Ex-date: 20th May 2026 Payment date: 26th May 2026 Dividend yield will be 4.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (150% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 67% to bring the payout ratio under control. EPS is expected to grow by 64% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Price Target Changed • Jan 28
Price target decreased by 14% to kr90.00 Down from kr105, the current price target is provided by 1 analyst. New target price is 8.5% below last closing price of kr98.40. Stock is down 7.2% over the past year. The company is forecast to post earnings per share of kr3.56 for next year compared to kr4.85 last year. Recent Insider Transactions • Dec 22
Operations Director recently bought kr51k worth of stock On the 17th of December, Vitor Anjos bought around 500 shares on-market at roughly kr101 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Vitor has been a buyer over the last 12 months, purchasing a net total of kr93k worth in shares. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: kr0.61 (down from kr1.46 in 3Q 2024). Revenue: kr23.5m (down 28% from 3Q 2024). Net income: kr4.30m (down 58% from 3Q 2024). Profit margin: 18% (down from 32% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • Nov 05
SinterCast AB (publ) to Report Nine Months, 2026 Results on Nov 04, 2026 SinterCast AB (publ) announced that they will report nine months, 2026 results on Nov 04, 2026 Upcoming Dividend • Nov 02
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 06 November 2025. Payment date: 12 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.4%. Within top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (3.0%). Announcement • Sep 30
Sintercast AB (Publ) Appoints Ian Kershaw as Board Member and as Chairman of the Board, Effective 1 November 2025 The Extraordinary General Meeting (EGM) of SinterCast Aktiebolag was conducted on 30 September 2025. According to the proposal of the Nomination Committee, published on 4 September 2025, Mr. Ian Kershaw, a British citizen born on 10 September 1964, was elected as a new Board member and as Chairman of the Board. Mr. Kershaw will begin his tenure as Chairman on 1 November 2025. Until then, Mr. Robert Dover will continue to serve as Chairman. The new Chairman will receive Board remuneration for the period until the end of the next Annual General Meeting in the amount decided for the Chairman of the Board at the 2025 Annual General Meeting, pro rata in relation to the term of office. Mr. Kershaw has 40 years of experience in the global on-highway and off-highway transport, power /utility and alternative fuel industries, including engineering and management roles at Perkins Technology Limited and Rolls-Royce Motor Cars Limited, and consultancy and advisory roles at Arthur D Little and Ricardo UK Ltd. Currently, Mr. Kershaw is Director of Corporate Advisory Ltd. in the UK, providing advice on mergers, acquisitions, growth strategies and new technologies. Announcement • Sep 04
SinterCast AB (publ) Announces Resignation of Robert Dover as Chairman of the Board, Effective 1 November 2025 SinterCast AB (publ) announced the current Chairman, Robert Dover, has announced that he will resign from the Board on 1 November 2025. Reported Earnings • Aug 21
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: kr1.25 (down from kr1.49 in 2Q 2024). Revenue: kr31.1m (down 11% from 2Q 2024). Net income: kr8.80m (down 16% from 2Q 2024). Profit margin: 28% (down from 30% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 20
SinterCast AB (publ) to Report First Half, 2026 Results on Aug 19, 2026 SinterCast AB (publ) announced that they will report first half, 2026 results on Aug 19, 2026 Declared Dividend • May 28
Dividend of kr3.50 announced Shareholders will receive a dividend of kr3.50. Ex-date: 6th November 2025 Payment date: 12th November 2025 Dividend yield will be 6.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (119% earnings payout ratio). However, it is covered by cash flows (90.0% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control. EPS is expected to grow by 55% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • May 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 90% Dividend yield: 6.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Cash payout ratio: 90% Minor Risk Market cap is less than US$100m (kr738.1m market cap, or US$75.7m). Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: kr1.08 (up from kr0.88 in 1Q 2024). Revenue: kr27.1m (down 16% from 1Q 2024). Net income: kr7.60m (up 23% from 1Q 2024). Profit margin: 28% (up from 19% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 30
SinterCast AB (publ) to Report Q1, 2026 Results on Apr 29, 2026 SinterCast AB (publ) announced that they will report Q1, 2026 results at 8:00 AM, Central European Standard Time on Apr 29, 2026 Price Target Changed • Apr 17
Price target decreased by 8.0% to kr115 Down from kr125, the current price target is provided by 1 analyst. New target price is 11% above last closing price of kr104. Stock is up 1.7% over the past year. The company is forecast to post earnings per share of kr5.78 for next year compared to kr4.85 last year. Reported Earnings • Mar 24
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr4.85 (down from kr5.94 in FY 2023). Revenue: kr135.6m (flat on FY 2023). Net income: kr34.3m (down 19% from FY 2023). Profit margin: 25% (down from 31% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 21
SinterCast AB (publ) to Report Fiscal Year 2025 Results on Feb 18, 2026 SinterCast AB (publ) announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Feb 18, 2026 Reported Earnings • Feb 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: kr4.85 (down from kr5.94 in FY 2023). Revenue: kr135.6m (flat on FY 2023). Net income: kr34.3m (down 19% from FY 2023). Profit margin: 25% (down from 31% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 21
Price target decreased by 7.7% to kr120 Down from kr130, the current price target is provided by 1 analyst. New target price is 13% above last closing price of kr106. Stock is up 5.0% over the past year. The company is forecast to post earnings per share of kr4.53 for next year compared to kr5.94 last year. Recent Insider Transactions • Nov 27
Finance Director recently bought kr148k worth of stock On the 22nd of November, Daphner Uhmeier bought around 1k shares on-market at roughly kr106 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Daphner's only on-market trade for the last 12 months. Announcement • Nov 08
SinterCast AB (publ) to Report Q3, 2025 Results on Nov 05, 2025 SinterCast AB (publ) announced that they will report Q3, 2025 results at 8:00 AM, Central European Standard Time on Nov 05, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: kr1.46 (down from kr2.00 in 3Q 2023). Revenue: kr32.6m (down 19% from 3Q 2023). Net income: kr10.3m (down 28% from 3Q 2023). Profit margin: 32% (down from 35% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (kr788.0m market cap, or US$72.3m). Upcoming Dividend • Oct 30
Upcoming dividend of kr3.05 per share Eligible shareholders must have bought the stock before 06 November 2024. Payment date: 12 November 2024. Payout ratio and cash payout ratio are on the higher end at 84% and 80% respectively. Trailing yield: 5.4%. Within top quartile of Swedish dividend payers (4.5%). Higher than average of industry peers (2.9%). Announcement • Sep 27
SinterCast AB (publ), Annual General Meeting, May 20, 2025 SinterCast AB (publ), Annual General Meeting, May 20, 2025, at 15:00 W. Europe Standard Time. Location: stockholm Sweden Announcement • Sep 26
SinterCast AB (publ) Announces Appointment of Nomination Committee SinterCast AB (publ) announced appointment of the members of the nomination committee. The members of the Nomination Committee have now been appointed based on the ownership structure as of 31 August 2024. Ulf Stenbeck is the Chairman of the committee. The other members of the committee are Torbjörn Gustafsson, David Walton, fund manager at Canaccord Genuity Wealth Management, and Einar Ahlström, current Board member. The committee also includes Robert Dover, Chairman of the Board of SinterCast, as an adjunct member. Reported Earnings • Aug 22
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: kr1.49 (up from kr0.87 in 2Q 2023). Revenue: kr35.1m (up 11% from 2Q 2023). Net income: kr10.5m (up 69% from 2Q 2023). Profit margin: 30% (up from 20% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • May 23
Dividend of kr3.05 announced Shareholders will receive a dividend of kr3.05. Ex-date: 6th November 2024 Payment date: 12th November 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.1% to bring the payout ratio under control. EPS is expected to grow by 54% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Price Target Changed • May 16
Price target increased by 13% to kr135 Up from kr120, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of kr125. Stock is up 25% over the past year. The company is forecast to post earnings per share of kr5.66 for next year compared to kr5.94 last year. Upcoming Dividend • May 15
Upcoming dividend of kr3.05 per share Eligible shareholders must have bought the stock before 22 May 2024. Payment date: 28 May 2024. Payout ratio and cash payout ratio are on the higher end at 93% and 80% respectively. Trailing yield: 5.0%. Within top quartile of Swedish dividend payers (4.3%). Higher than average of industry peers (2.7%). Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr0.88 (vs kr0.89 in 1Q 2023) First quarter 2024 results: EPS: kr0.88 (down from kr0.89 in 1Q 2023). Revenue: kr32.1m (up 22% from 1Q 2023). Net income: kr6.20m (down 1.6% from 1Q 2023). Profit margin: 19% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr7.63 to kr6.78. Revenue forecast unchanged from kr148.0m at last update. Net income forecast to grow 14% next year vs 11% growth forecast for Machinery industry in Sweden. Consensus price target of kr120 unchanged from last update. Share price was steady at kr103 over the past week. Declared Dividend • Mar 10
Final dividend of kr3.05 announced Shareholders will receive a dividend of kr3.05. Ex-date: 22nd May 2024 Payment date: 28th May 2024 Dividend yield will be 5.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.9% to bring the payout ratio under control. EPS is expected to grow by 20% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Mar 01
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: kr5.94 (up from kr4.67 in FY 2022). Revenue: kr134.4m (up 13% from FY 2022). Net income: kr42.1m (up 27% from FY 2022). Profit margin: 31% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Feb 29
New major risk - Revenue and earnings growth Earnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 93% Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr712.6m market cap, or US$69.0m). Recent Insider Transactions • Nov 20
CEO, President recently bought kr187k worth of stock On the 15th of November, Steve Dawson bought around 2k shares on-market at roughly kr104 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Steve has been a buyer over the last 12 months, purchasing a net total of kr73k worth in shares. Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr141.0m to kr137.6m. EPS estimate also fell from kr6.48 per share to kr5.17 per share. Net income forecast to grow 25% next year vs 9.4% growth forecast for Machinery industry in Sweden. Consensus price target down from kr130 to kr120. Share price fell 5.9% to kr103 over the past week. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: kr2.00 (vs kr1.55 in 3Q 2022) Third quarter 2023 results: EPS: kr2.00 (up from kr1.55 in 3Q 2022). Revenue: kr40.3m (up 35% from 3Q 2022). Net income: kr14.2m (up 29% from 3Q 2022). Profit margin: 35% (down from 37% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 08
Price target decreased by 13% to kr120 Down from kr138, the current price target is provided by 1 analyst. New target price is 12% above last closing price of kr108. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of kr6.48 for next year compared to kr4.67 last year. Upcoming Dividend • Nov 02
Upcoming dividend of kr2.75 per share at 5.1% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 15 November 2023. The company is paying out more than 100% of its profits and is paying out 81% of its cash flow. Trailing yield: 5.1%. Lower than top quartile of Swedish dividend payers (5.5%). Higher than average of industry peers (3.0%). Recent Insider Transactions • Aug 21
CEO, President recently bought kr90k worth of stock On the 18th of August, Steve Dawson bought around 901 shares on-market at roughly kr99.38 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Steve has been a buyer over the last 12 months, purchasing a net total of kr230k worth in shares. Announcement • Jun 13
SinterCast AB (publ) Displays Industry Leading Technologies at GIFA World Foundry Trade Fair SinterCast AB (publ) welcomed its foundry customers and industry colleagues to visit the SinterCast technology display in Hall 10, Stand 38 at GIFA 2023. Held every four years in Düsseldorf, company look forward to this opportunity to display company's industry leading process control technologies and to promote the benefits of Compacted Graphite Iron (CGI). Representing 57 installations in 13 countries, the suite of technologies on display at the SinterCast stand includes foundry solutions for all levels of CGI production; traceability solutions for tracking and controlling liquid iron, cores, moulds and castings; and, a display of SinterCast-CGI components used in passenger vehicle, commercial vehicle and industrial power applications. Industry Leading CGI Process Control: With current production of more than 175,000 tonnes per year of shipped CGI castings, the fourth generation System 4000 process control system takes centre stage at the SinterCast stand. The display includes the fully automated System 4000, comprised of individual hardware modules that can be configured to suit the layout, process flow and production volume of any foundry, and the Mini-System 4000 that is purpose-built for product development, prototyping and niche volume production. GIFA 2023 also marks the launch of Version 7.1 of the SinterCast process control software with new functionalities and enhanced integration capabilities to incorporate data from foundry production equipment and to provide real-time data streaming to foundry’s process control, quality control and Manufacturing Execution Systems (MES) procedures. The System 4000 display also includes the Customer Access Terminal to enable foundry engineers to independently set process control parameters and access thermal analysis results. Industry 4.0 Traceability for Ladles, Cores, Moulds and Castings: The traceability solutions on display include the SinterCast Ladle Tracker® and the SinterCast Cast Tracker®. The Ladle Tracker uses Radio Frequency Identification (RFID) technology to ensure that every ladle reports to every step in the process and that every step is completed within the specified process limits. Ladle Tracker also identifies where and why ladles fall-out of the process, enabling foundry managers to measure, control and improve process efficiency and productivity. The Cast Tracker technology provides complete traceability for all castings. Each core – or core package – is uniquely labelled with an engraved identification code and each flask is equipped with RFID technology to link the cores and the liquid metal history for each casting. Cast Tracker ensures that every core package is within specification prior to casting, identifies the cast sequence within the ladle and measures the shake-out time. GIFA 2023 marks the launch of a new Optical Character Recognition (OCR) solution to automatically read the identification code on each casting and to input information regarding casting soundness directly into an SQL database integrated with the foundry quality system. Together, the Ladle Tracker and Cast Tracker technologies provide Industry 4.0 traceability, evolving castings from batch commodity products into unique components with fully documented production histories. Ultra-Light CGI Design Concept – The Cylinder Block Reinvented: The SinterCast stand showcases the redesign of a current production 1.2 litre petrol engine cylinder block from aluminium to CGI. The redesigned block uses CGI for the running surfaces and structural areas and durable plastic covers for the outer enclosures to provide the same cylinder block weight and engine performance, together with 54% less metal volume, approximately 40% lower manufacturing CO2 footprint and improved recyclability. The stand also showcases the high volume 2.7 litre V6 petrol engine designated as base engine on the Ford F-150 pick-up truck. Produced at Tupy foundry in Saltillo, Mexico, the SinterCast-CGI cylinder block has earned the title as the most popular engine in the most popular vehicle in America. Board Change • Jun 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Steve Gill was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 19
Independent Director recently bought kr124k worth of stock On the 15th of May, Robert Dover bought around 1k shares on-market at roughly kr103 per share. This transaction amounted to 81% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr446k more in shares than they have sold in the last 12 months. Announcement • May 17
Sintercast AB (Publ) Approves Ordinary Dividend The Annual General Meeting (AGM) of SinterCast Aktiebolag was conducted on 16 May 2023. During the AGM, approved a dividend of SEK 5.50 per share (totally SEK 38,995,731.50) for the financial year 2022, of which SEK 5.00 per share is ordinary dividend and SEK 0.50 per share is extraordinary dividend. The dividend is divided into two equal payments of SEK 2.75 per share with the record date 19 May 2023 for the first payment and the record date 10 November 2023 for the second payment. Upcoming Dividend • May 10
Upcoming dividend of kr2.75 per share at 5.3% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 24 May 2023. The company is paying out more than 100% of its profits and is paying out 98% of its cash flow. Trailing yield: 5.3%. Within top quartile of Swedish dividend payers (5.2%). Higher than average of industry peers (2.9%). Recent Insider Transactions • May 04
CEO, President recently bought kr51k worth of stock On the 2nd of May, Steve Dawson bought around 500 shares on-market at roughly kr102 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Steve has been a buyer over the last 12 months, purchasing a net total of kr93k worth in shares. Reported Earnings • Mar 27
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: kr4.67 (up from kr4.64 in FY 2021). Revenue: kr118.7m (up 11% from FY 2021). Net income: kr33.1m (flat on FY 2021). Profit margin: 28% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 27
CEO, President recently bought kr250k worth of stock On the 24th of February, Steve Dawson bought around 2k shares on-market at roughly kr107 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months.