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SYSR

SystemairOM:SYSR Stock Report

Market Cap

kr17.3b

7D

-9.1%

1Y

43.8%

Updated

27 Sep, 2021

Data

Company Financials +
SYSR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends3/6

SYSR Overview

Systemair AB (publ), a ventilation company, designs, develops, manufactures, and markets ventilation products and systems in Europe, the United States, the Middle East, Asia, Australia, Africa, and internationally.

Systemair Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Systemair
Historical stock prices
Current Share Pricekr80.00
52 Week Highkr53.63
52 Week Lowkr102.38
Beta1.04
1 Month Change-8.70%
3 Month Change3.73%
1 Year Change43.82%
3 Year Change171.19%
5 Year Change163.92%
Change since IPO310.26%

Recent News & Updates

Shareholder Returns

SYSRSE BuildingSE Market
7D-9.1%-3.2%-1.9%
1Y43.8%53.7%34.1%

Return vs Industry: SYSR underperformed the Swedish Building industry which returned 53.7% over the past year.

Return vs Market: SYSR exceeded the Swedish Market which returned 34.1% over the past year.

Price Volatility

Is SYSR's price volatile compared to industry and market?
SYSR volatility
SYSR Beta1.04
Industry Beta0.88
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
19726,523Roland Kasperhttps://www.systemair.com

Systemair AB (publ), a ventilation company, designs, develops, manufactures, and markets ventilation products and systems in Europe, the United States, the Middle East, Asia, Australia, Africa, and internationally. The company offers heating products comprising convectors and controls, ceiling fans, air curtains, radiant and fan heaters; fans and accessories, including circular duct, rectangular and square duct, roof, axial, explosion proof, domestic, and smoke extract fans, as well as electrical accessories for ventilation and fans for aggressive media; and residential systems, such as residential fans, counter flow and rotary units, vacuum systems, heat pumps, ducts, cooker hoods, filters, valves and grilles, and accessories for residential systems. It also provides fire safety products comprising fire and smoke control dampers; air distribution products consisting of grilles, air volume controls, diffusers, and special products; air handling units, such as compact and central AHUs, roof ventilation units, and compact AHU accessories; and air conditioning systems, including hydronic (water born) and DX (refrigerant) systems.

Systemair Fundamentals Summary

How do Systemair's earnings and revenue compare to its market cap?
SYSR fundamental statistics
Market Capkr17.32b
Earnings (TTM)kr479.60m
Revenue (TTM)kr8.71b

34.7x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SYSR income statement (TTM)
Revenuekr8.71b
Cost of Revenuekr5.66b
Gross Profitkr3.05b
Expenseskr2.57b
Earningskr479.60m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

Dec 09, 2021

Earnings per share (EPS)2.31
Gross Margin35.02%
Net Profit Margin5.51%
Debt/Equity Ratio51.4%

How did SYSR perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

33%

Payout Ratio

Valuation

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

34.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SYSR (SEK83.25) is trading above our estimate of fair value (SEK47.05)

Significantly Below Fair Value: SYSR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SYSR is poor value based on its PE Ratio (36.1x) compared to the Swedish Building industry average (24.8x).

PE vs Market: SYSR is poor value based on its PE Ratio (36.1x) compared to the Swedish market (23.3x).


Price to Earnings Growth Ratio

PEG Ratio: SYSR is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: SYSR is overvalued based on its PB Ratio (5x) compared to the SE Building industry average (4.3x).


Future Growth

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

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYSR's forecast earnings growth (14.2% per year) is above the savings rate (0.3%).

Earnings vs Market: SYSR's earnings (14.2% per year) are forecast to grow faster than the Swedish market (6.1% per year).

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

Revenue vs Market: SYSR's revenue (5.7% per year) is forecast to grow faster than the Swedish market (4% per year).

High Growth Revenue: SYSR's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SYSR's Return on Equity is forecast to be low in 3 years time (17%).


Past Performance

How has Systemair performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYSR has high quality earnings.

Growing Profit Margin: SYSR's current net profit margins (5.5%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: SYSR's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: SYSR's earnings growth over the past year (42.5%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: SYSR earnings growth over the past year (42.5%) underperformed the Building industry 49.6%.


Return on Equity

High ROE: SYSR's Return on Equity (13.9%) is considered low.


Financial Health

How is Systemair's financial position?


Financial Position Analysis

Short Term Liabilities: SYSR's short term assets (SEK3.9B) exceed its short term liabilities (SEK2.4B).

Long Term Liabilities: SYSR's short term assets (SEK3.9B) exceed its long term liabilities (SEK1.3B).


Debt to Equity History and Analysis

Debt Level: SYSR's debt to equity ratio (51.4%) is considered high.

Reducing Debt: SYSR's debt to equity ratio has reduced from 67% to 51.4% over the past 5 years.

Debt Coverage: SYSR's debt is well covered by operating cash flow (50.9%).

Interest Coverage: SYSR's interest payments on its debt are well covered by EBIT (30.5x coverage).


Balance Sheet


Dividend

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

0.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SYSR's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.93%).

High Dividend: SYSR's dividend (0.9%) is low compared to the top 25% of dividend payers in the Swedish market (3.55%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.5%), SYSR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SYSR's dividends in 3 years are forecast to be well covered by earnings (34% payout ratio).


Next Steps

Management

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

6.1yrs

Average management tenure


CEO

Roland Kasper (52 yo)

6.08yrs

Tenure

kr6,300,000

Compensation

Mr. Roland Kasper has been the Group Chief Executive Officer of Systemair AB since August 27, 2015 and has been its President since August 24, 2016. Mr. Kasper served as a Vice President of Marketing for P...


CEO Compensation Analysis

Compensation vs Market: Roland's total compensation ($USD727.19K) is about average for companies of similar size in the Swedish market ($USD881.84K).

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


Leadership Team

Experienced Management: SYSR's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: SYSR's board of directors are considered experienced (5.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Systemair AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Systemair AB (publ)
  • Ticker: SYSR
  • Exchange: OM
  • Founded: 1972
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr17.316b
  • Shares outstanding: 208.00m
  • Website: https://www.systemair.com

Number of Employees


Location

  • Systemair AB (publ)
  • Industrivagen 3
  • Skinnskatteberg
  • Västmanland County
  • 739 30
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 17:54
End of Day Share Price2021/09/27 00:00
Earnings2021/07/31
Annual Earnings2021/04/30


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.