AB SKF (publ) offers bearings, seals, condition monitoring, lubrication systems, and services.
No risks detected for SKF B from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has AB SKF's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKF B has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SKF B underperformed the Swedish Machinery industry which returned 29.2% over the past year.
Return vs Market: SKF B underperformed the Swedish Market which returned 24.1% over the past year.
Price Volatility Vs. Market
How volatile is AB SKF's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDoes AB SKF (publ)'s (STO:SKF B) CEO Salary Reflect Performance?
2 months ago | Simply Wall StDo You Like AB SKF (publ) (STO:SKF B) At This P/E Ratio?
3 months ago | Simply Wall StIs AB SKF (STO:SKF B) A Risky Investment?
Is AB SKF undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SKF B (SEK187.25) is trading below our estimate of fair value (SEK230.77)
Significantly Below Fair Value: SKF B is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SKF B is good value based on its PE Ratio (15.3x) compared to the Machinery industry average (19.3x).
PE vs Market: SKF B is good value based on its PE Ratio (15.3x) compared to the Swedish market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: SKF B is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: SKF B is good value based on its PB Ratio (2.4x) compared to the SE Machinery industry average (3.5x).
How is AB SKF forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKF B's forecast earnings growth (8.2% per year) is above the savings rate (-0.4%).
Earnings vs Market: SKF B's earnings (8.2% per year) are forecast to grow slower than the Swedish market (8.2% per year).
High Growth Earnings: SKF B's earnings are forecast to grow, but not significantly.
Revenue vs Market: SKF B's revenue (1.5% per year) is forecast to grow slower than the Swedish market (4.7% per year).
High Growth Revenue: SKF B's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SKF B's Return on Equity is forecast to be low in 3 years time (16.1%).
How has AB SKF performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKF B has high quality earnings.
Growing Profit Margin: SKF B's current net profit margins (6.5%) are lower than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: SKF B's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: SKF B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SKF B had negative earnings growth (-23.7%) over the past year, making it difficult to compare to the Machinery industry average (2.8%).
Return on Equity
High ROE: SKF B's Return on Equity (15.5%) is considered low.
Return on Assets
Return on Capital Employed
How is AB SKF's financial position?
Financial Position Analysis
Short Term Liabilities: SKF B's short term assets (SEK47.8B) exceed its short term liabilities (SEK23.1B).
Long Term Liabilities: SKF B's short term assets (SEK47.8B) exceed its long term liabilities (SEK33.6B).
Debt to Equity History and Analysis
Debt Level: SKF B's debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: SKF B's debt to equity ratio has reduced from 106.9% to 39.8% over the past 5 years.
Debt Coverage: SKF B's debt is well covered by operating cash flow (63.2%).
Interest Coverage: SKF B's interest payments on its debt are well covered by EBIT (10.1x coverage).
Inventory Level: SKF B has a high level of physical assets or inventory.
Debt Coverage by Assets: SKF B's debt is covered by short term assets (assets are 3.2x debt).
What is AB SKF's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SKF B's dividend (3.34%) is higher than the bottom 25% of dividend payers in the Swedish market (1.59%).
High Dividend: SKF B's dividend (3.34%) is low compared to the top 25% of dividend payers in the Swedish market (4.14%).
Stability and Growth of Payments
Stable Dividend: SKF B's dividends per share have been stable in the past 10 years.
Growing Dividend: SKF B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.2%), SKF B's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SKF B's dividends in 3 years are forecast to be well covered by earnings (41% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alrik Danielson (57yo)
Mr. Alrik Danielson, B.Sc. (Econ.) has been the Chief Executive Officer and President of SKF AB (now AB SKF (publ)) since January 1, 2015. He served as an Interim CFO of SKF AB from April 30, 2019 to June ...
CEO Compensation Analysis
Compensation vs Market: Alrik's total compensation ($USD1.98M) is about average for companies of similar size in the Swedish market ($USD1.77M).
Compensation vs Earnings: Alrik's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior VP & CFO||0.7yrs||no data||no data|
|Director of Group Controlling & Accounting||0yrs||no data||no data|
|CTO and President of Innovation & Business Development||0yrs||no data||0.0039% SEK3.3m|
|Head of Investor Relations||0yrs||no data||no data|
|General Counsel||24.1yrs||no data||0.0012% SEK1.0m|
|President of Bearing Operations||0yrs||no data||0.0039% SEK3.3m|
|Head of Media Relations & Director of Corporate Communication||0yrs||no data||no data|
|Executive Officer||4yrs||no data||no data|
|President of Industrial Technologies||1.1yrs||no data||no data|
Experienced Management: SKF B's management team is considered experienced (4 years average tenure).
|Independent Director||2.9yrs||kr710.00k||no data|
|Employee Representative Deputy Director||5.1yrs||no data||0.000020% SEK17.1k|
|Independent Director||5.9yrs||kr710.00k||no data|
|Director||0.8yrs||no data||no data|
|Independent Director||1.9yrs||kr710.00k||no data|
|Employee Representative Director||5.1yrs||no data||no data|
|Employee Representative Director||4.2yrs||no data||no data|
Experienced Board: SKF B's board of directors are considered experienced (4.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AB SKF (publ)'s company bio, employee growth, exchange listings and data sources
- Name: AB SKF (publ)
- Ticker: SKF B
- Exchange: OM
- Founded: 1907
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: kr85.308b
- Shares outstanding: 455.35m
- Website: https://www.skf.com
Number of Employees
- AB SKF (publ)
- Hornsgatan 1
- Västra Götaland County
- 415 50
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SKFR.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Oct 1985|
|SKUF.F||OTCPK (Pink Sheets LLC)||Yes||Class B Shares||US||USD||Jan 1992|
|0NWX||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Jan 1992|
|SKF A||OM (OMX Nordic Exchange Stockholm)||Class A Shares||SE||SEK||Jan 1992|
|SKF B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Jan 1992|
|SKFA||DB (Deutsche Boerse AG)||Class A Shares||DE||EUR||Jan 1992|
|SKFB||DB (Deutsche Boerse AG)||Yes||Class B Shares||DE||EUR||Jan 1992|
|0NWW||LSE (London Stock Exchange)||Class A Shares||GB||SEK||Jan 1992|
|SKFBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Jan 1992|
|SKFAS||BATS-CHIXE (BATS 'Chi-X Europe')||Class A Shares||GB||SEK||Jan 1992|
AB SKF (publ) offers bearings, seals, condition monitoring, lubrication systems, and services. It operates in two segments, Industrial and Automotive. The company’s products include bearings, units, and housings; seals; lubrication solutions; lubricants; actuation systems, ball and roller screws, linear guides and tables, and engineering tools; magnetic bearings/permanent magnetic electric motors; mechatronic solutions; maintenance products; condition monitoring systems; power transmission products and solutions; coupling systems; test and measurement equipment; and vehicle aftermarket products, such as wheel end, powertrain, driveline, and suspension products. Its services comprise asset management, customer training, engineering consultancy, logistics, mechanical maintenance, and remanufacturing and maintenance services. The company offers its solutions for various industries, including aerospace, agriculture, automation, cars and light trucks, compressors, construction, electric motors, food and beverage, home appliances, industrial fans and pumps, industrial transmissions, machine tools, marine, material handling, medical and health care, metals, mining, mineral processing, ocean energy, oil and gas, portable power tools, power generation, pulp and paper, racing, railways, skates, trucks, trailers and buses, two and three wheelers, and wind energy. AB SKF (publ) markets its products directly, as well as through a network of distributors in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1907 and is headquartered in Gothenburg, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/21 21:28|
|End of Day Share Price||2020/02/21 00:00|
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.