OM:SYSR

Stock Analysis Report

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Executive Summary

Systemair AB (publ), a ventilation company, designs, develops, manufactures, and markets ventilation products and systems. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Systemair's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SYSR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.9%

SYSR

-3.3%

SE Building

-2.7%

SE Market


1 Year Return

60.2%

SYSR

15.8%

SE Building

16.4%

SE Market

Return vs Industry: SYSR exceeded the Swedish Building industry which returned 15.8% over the past year.

Return vs Market: SYSR exceeded the Swedish Market which returned 16.4% over the past year.


Shareholder returns

SYSRIndustryMarket
7 Day0.9%-3.3%-2.7%
30 Day1.4%-1.6%0.6%
90 Day36.3%10.9%11.5%
1 Year60.2%60.2%16.7%15.8%18.4%16.4%
3 Year67.0%61.4%41.4%34.9%31.5%17.4%
5 Year112.2%98.6%86.7%72.2%69.2%36.2%

Price Volatility Vs. Market

How volatile is Systemair's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

33.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SYSR (SEK219.5) is trading above our estimate of fair value (SEK129.84)

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 (33.9x) compared to the SE Building industry average (23.7x).

PE vs Market: SYSR is poor value based on its PE Ratio (33.9x) compared to the Swedish market (22.1x).


Price to Earnings Growth Ratio

PEG Ratio: SYSR is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: SYSR is overvalued based on its PB Ratio (3.8x) compared to the SE Building industry average (2.9x).


Next Steps

Future Growth

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

20.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYSR's forecast earnings growth (20.8% per year) is above the savings rate (0.5%).

Earnings vs Market: SYSR's earnings (20.8% per year) are forecast to grow faster than the Swedish market (14.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SYSR's revenue (4.5% per year) is forecast to grow faster than the Swedish market (3.8% per year).

High Growth Revenue: SYSR's revenue (4.5% 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 (16.1%).


Next Steps

Past Performance

How has Systemair performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYSR has high quality earnings.

Growing Profit Margin: SYSR's current net profit margins (3.8%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: SYSR's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: SYSR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SYSR had negative earnings growth (-10.8%) over the past year, making it difficult to compare to the Building industry average (-1.3%).


Return on Equity

High ROE: SYSR's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Systemair's financial position?


Financial Position Analysis

Short Term Liabilities: SYSR's short term assets (SEK3.6B) exceed its short term liabilities (SEK2.4B).

Long Term Liabilities: SYSR's short term assets (SEK3.6B) exceed its long term liabilities (SEK1.3B).


Debt to Equity History and Analysis

Debt Level: SYSR's debt to equity ratio (58.9%) is considered high.

Reducing Debt: SYSR's debt to equity ratio has reduced from 66.4% to 58.9% over the past 5 years.

Debt Coverage: SYSR's debt is well covered by operating cash flow (46.4%).

Interest Coverage: SYSR's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


Next Steps

Dividend

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

1.76%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SYSR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SYSR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SYSR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SYSR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SYSR is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SYSR's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Roland Kasper (51 yo)

5.08yrs

Tenure

kr5,500,000

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 ($USD602.23K) is below average for companies of similar size in the Swedish market ($USD932.92K).

Compensation vs Earnings: Roland's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Roland Kasper
Group CEO & President5.08yrskr5.50m0.045%
SEK 5.1m
Anders Ulff
CFO & Secretary to the Board21.67yrsno data0.077%
SEK 8.8m
Mats Sandor
Technical Directorno datano datano data
Olle Glassel
Vice President of Sales & Marketing5.67yrsno data0.025%
SEK 2.9m
Ivan Smolcic
Managing Director and Head of Systemair Australia Pty Ltdno datano datano data
Mudassar Ali
Group Controllerno datano datano data
Bjorn Walther
Managing Director of VEAB Heat Tech AB40.25yrsno datano data
Pär Johansson
Business Development Director of Data Center Cooling4.83yrskr1.64mno data
Taina Merja Horgan
Vice President Business Developmentno datano datano data

5.7yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SYSR's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gunilla Spongh
Independent Director1.08yrskr200.00kno data
Patrik Nolåker
Independent Director4.08yrskr300.00k0.0077%
SEK 877.7k
Carina Andersson
Independent Director5.08yrskr400.00k0.0019%
SEK 219.1k
Svein Nilsen
Independent Director4.08yrskr300.00k0.056%
SEK 6.4m
Gerald Engström
Chairman of the Board5.08yrskr1.00m42.62%
SEK 4.9b
Åke Henningsson
Employee Representative Director5.08yrsno data0.00077%
SEK 87.9k
Ricky Sten
Employee Representative Director6.67yrsno datano data

5.1yrs

Average Tenure

57yo

Average Age

Experienced Board: SYSR's board of directors are considered experienced (5.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SYSR insiders have only sold shares 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 company bio, 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: kr11.414b
  • Shares outstanding: 52.00m
  • Website: https://www.systemair.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SYSROM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKOct 2007
0HDKLSE (London Stock Exchange)YesClass A SharesGBSEKOct 2007
52SDB (Deutsche Boerse AG)YesClass A SharesDEEUROct 2007
SYSRsBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKOct 2007

Biography

Systemair AB (publ), a ventilation company, designs, develops, manufactures, and markets ventilation products and systems. The company offers heating products comprising convectors and controls, ceiling fa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 03:09
End of Day Share Price2020/09/25 00:00
Earnings2020/07/31
Annual Earnings2020/04/30


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.