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TREL

TrelleborgOM:TREL B Stock Report

Market Cap

kr52.6b

7D

-1.1%

1Y

24.9%

Updated

24 Sep, 2021

Data

Company Financials +
TREL B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

TREL B Overview

Trelleborg AB (publ) develops, manufactures, and sells engineered polymer solutions for seal, damp, and protect critical applications worldwide.

Trelleborg Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trelleborg
Historical stock prices
Current Share Pricekr194.85
52 Week Highkr147.00
52 Week Lowkr234.40
Beta1.42
1 Month Change-5.60%
3 Month Change0.18%
1 Year Change24.90%
3 Year Change7.50%
5 Year Change15.98%
Change since IPO98.83%

Recent News & Updates

Sep 05
These 4 Measures Indicate That Trelleborg (STO:TREL B) Is Using Debt Safely

These 4 Measures Indicate That Trelleborg (STO:TREL B) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 05
Is Trelleborg AB (publ) (STO:TREL B) Trading At A 31% Discount?

Is Trelleborg AB (publ) (STO:TREL B) Trading At A 31% Discount?

In this article we are going to estimate the intrinsic value of Trelleborg AB (publ) ( STO:TREL B ) by taking the...

Jul 21
What Does Trelleborg AB (publ)'s (STO:TREL B) Share Price Indicate?

What Does Trelleborg AB (publ)'s (STO:TREL B) Share Price Indicate?

Trelleborg AB (publ) ( STO:TREL B ), is not the largest company out there, but it received a lot of attention from a...

Shareholder Returns

TREL BSE MachinerySE Market
7D-1.1%-2.2%-1.3%
1Y24.9%34.7%36.4%

Return vs Industry: TREL B underperformed the Swedish Machinery industry which returned 34.7% over the past year.

Return vs Market: TREL B underperformed the Swedish Market which returned 36.4% over the past year.

Price Volatility

Is TREL B's price volatile compared to industry and market?
TREL B volatility
TREL B Beta1.42
Industry Beta1.01
Market Beta1

Stable Share Price: TREL B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TREL B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190522,209Peter Nilssonhttps://www.trelleborg.com

Trelleborg AB (publ) develops, manufactures, and sells engineered polymer solutions for seal, damp, and protect critical applications worldwide. The company offers anti-vibration solutions, including anti-vibration and suspension products, as well as buffers and pads, and cable entry products; boots for transmission, steering gear, and shock absorption applications; bearings and bushings; and shims/insulators, tuned absorbers, applied damping material, rubber cover seals, and noise and vibration damping solutions. It also provides engineered coated fabrics; molded rubber products and custom rubber parts; marine fenders, docking and mooring, navigation and piloting, ship-shore link, ship performance monitoring, and surface buoyancy products, as well as LNG custody transfer, and after-sales and support services for port owners and operators, and consulting engineers; and float over solutions.

Trelleborg Fundamentals Summary

How do Trelleborg's earnings and revenue compare to its market cap?
TREL B fundamental statistics
Market Capkr52.60b
Earnings (TTM)kr3.44b
Revenue (TTM)kr34.18b

15.3x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TREL B income statement (TTM)
Revenuekr34.18b
Cost of Revenuekr23.06b
Gross Profitkr11.12b
Expenseskr7.68b
Earningskr3.44b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)12.70
Gross Margin32.54%
Net Profit Margin10.07%
Debt/Equity Ratio33.7%

How did TREL B perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

39%

Payout Ratio

Valuation

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

38.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TREL B (SEK194.85) is trading below our estimate of fair value (SEK318.89)

Significantly Below Fair Value: TREL B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TREL B is good value based on its PE Ratio (15.3x) compared to the Swedish Machinery industry average (29.3x).

PE vs Market: TREL B is good value based on its PE Ratio (15.3x) compared to the Swedish market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: TREL B is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: TREL B is good value based on its PB Ratio (1.7x) compared to the SE Machinery industry average (3.7x).


Future Growth

How is Trelleborg forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TREL B's forecast earnings growth (7.5% per year) is above the savings rate (0.3%).

Earnings vs Market: TREL B's earnings (7.5% per year) are forecast to grow faster than the Swedish market (6% per year).

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

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

High Growth Revenue: TREL B's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TREL B's Return on Equity is forecast to be low in 3 years time (12.6%).


Past Performance

How has Trelleborg performed over the past 5 years?

-10.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TREL B has high quality earnings.

Growing Profit Margin: TREL B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TREL B's earnings have declined by 10.3% per year over the past 5 years.

Accelerating Growth: TREL B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TREL B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (34.4%).


Return on Equity

High ROE: TREL B's Return on Equity (11.3%) is considered low.


Financial Health

How is Trelleborg's financial position?


Financial Position Analysis

Short Term Liabilities: TREL B's short term assets (SEK19.1B) exceed its short term liabilities (SEK12.4B).

Long Term Liabilities: TREL B's short term assets (SEK19.1B) exceed its long term liabilities (SEK10.6B).


Debt to Equity History and Analysis

Debt Level: TREL B's debt to equity ratio (33.7%) is considered satisfactory.

Reducing Debt: TREL B's debt to equity ratio has reduced from 90.9% to 33.7% over the past 5 years.

Debt Coverage: TREL B's debt is well covered by operating cash flow (54.9%).

Interest Coverage: TREL B's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


Dividend

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

2.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TREL B's dividend (2.57%) is higher than the bottom 25% of dividend payers in the Swedish market (0.91%).

High Dividend: TREL B's dividend (2.57%) is low compared to the top 25% of dividend payers in the Swedish market (3.54%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), TREL B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TREL B's dividends in 3 years are forecast to be well covered by earnings (37.4% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Peter Nilsson (55 yo)

15.92yrs

Tenure

kr9,248,000

Compensation

Mr. Peter Nilsson, M.Sc. Eng., MBA, has been the Chief Executive Officer and President of Trelleborg AB since October 1, 2005. Mr. Nilsson was Business Area President of Trelleborg Offshore & Construction...


Leadership Team

Experienced Management: TREL B's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: TREL B's board of directors are considered experienced (4.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Trelleborg AB (publ)
  • Ticker: TREL B
  • Exchange: OM
  • Founded: 1905
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: kr52.601b
  • Shares outstanding: 271.07m
  • Website: https://www.trelleborg.com

Number of Employees


Location

  • Trelleborg AB (publ)
  • Johan Kocksgatan 10
  • PO Box 153
  • Trelleborg
  • Skåne County
  • 231 22
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 17:57
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.