Troax Group
Market Cap
kr10.0b
Last Updated
2020/11/27 19:39 UTC
Data Sources
Company Financials +
Executive Summary
Troax Group AB (publ), through its subsidiaries, develops and supplies metal-based mesh panel solutions in the Nordic region, the United Kingdom, North America, Continental Europe, and internationally. More Details
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Share Price & News
How has Troax Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TROAX is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: TROAX's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
TROAX
1.5%
SE Machinery
0.6%
SE Market
1 Year Return
49.2%
TROAX
21.4%
SE Machinery
17.1%
SE Market
Return vs Industry: TROAX exceeded the Swedish Machinery industry which returned 22% over the past year.
Return vs Market: TROAX exceeded the Swedish Market which returned 16.7% over the past year.
Shareholder returns
| TROAX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 1.5% | 0.6% |
| 30 Day | 13.2% | 12.2% | 8.0% |
| 90 Day | 1.9% | 13.8% | 8.3% |
| 1 Year | 50.4%49.2% | 22.1%21.4% | 18.9%17.1% |
| 3 Year | 82.3%75.4% | 42.9%21.7% | 41.5%26.2% |
| 5 Year | 382.3%344.8% | 134.7%89.9% | 63.2%31.7% |
Long-Term Price Volatility Vs. Market
How volatile is Troax Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Need To Know: Troax Group AB (publ) (STO:TROAX) Insiders Have Been Selling Shares3 weeks ago | Simply Wall St
Troax Group AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year1 month ago | Simply Wall St
Is Troax Group (STO:TROAX) A Risky Investment?Valuation
Is Troax Group undervalued compared to its fair value and its price relative to the market?
44.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TROAX (SEK166.8) is trading above our estimate of fair value (SEK74.79)
Significantly Below Fair Value: TROAX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TROAX is poor value based on its PE Ratio (43.1x) compared to the SE Machinery industry average (31.6x).
PE vs Market: TROAX is poor value based on its PE Ratio (43.1x) compared to the Swedish market (22.8x).
Price to Earnings Growth Ratio
PEG Ratio: TROAX is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: TROAX is overvalued based on its PB Ratio (9.6x) compared to the SE Machinery industry average (3.1x).
Next Steps
Future Growth
How is Troax Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
12.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TROAX's forecast earnings growth (12.9% per year) is above the savings rate (0.5%).
Earnings vs Market: TROAX's earnings (12.9% per year) are forecast to grow faster than the Swedish market (11.6% per year).
High Growth Earnings: TROAX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TROAX's revenue (8.3% per year) is forecast to grow faster than the Swedish market (3.3% per year).
High Growth Revenue: TROAX's revenue (8.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TROAX's Return on Equity is forecast to be high in 3 years time (22.7%)
Next Steps
Past Performance
How has Troax Group performed over the past 5 years?
15.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TROAX has high quality earnings.
Growing Profit Margin: TROAX's current net profit margins (14%) are lower than last year (15.4%).
Past Earnings Growth Analysis
Earnings Trend: TROAX's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: TROAX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TROAX had negative earnings growth (-11.3%) over the past year, making it difficult to compare to the Machinery industry average (-25.1%).
Return on Equity
High ROE: TROAX's Return on Equity (22.1%) is considered high.
Next Steps
Financial Health
How is Troax Group's financial position?
Financial Position Analysis
Short Term Liabilities: TROAX's short term assets (€86.3M) exceed its short term liabilities (€28.3M).
Long Term Liabilities: TROAX's short term assets (€86.3M) do not cover its long term liabilities (€90.3M).
Debt to Equity History and Analysis
Debt Level: TROAX's debt to equity ratio (77.3%) is considered high.
Reducing Debt: TROAX's debt to equity ratio has reduced from 121.3% to 77.3% over the past 5 years.
Debt Coverage: TROAX's debt is well covered by operating cash flow (37.7%).
Interest Coverage: TROAX's interest payments on its debt are well covered by EBIT (39.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Troax Group current dividend yield, its reliability and sustainability?
0.56%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TROAX's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.19%).
High Dividend: TROAX's dividend (0.58%) is low compared to the top 25% of dividend payers in the Swedish market (3.77%).
Stability and Growth of Payments
Stable Dividend: TROAX is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.
Growing Dividend: TROAX is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TROAX is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TROAX'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?
12.8yrs
Average management tenure
CEO
Thomas Widstrand (63 yo)
12.83yrs
Tenure
€387,000
Compensation
Mr. Thomas Widstrand has been the Chief Executive Officer and President of Troax Group AB since 2008. Mr. Widstrand served as General Manager of Competence Centre Indoor Perimeter Security at Gunnebo AB. H...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD460.77K) is below average for companies of similar size in the Swedish market ($USD792.79K).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 12.83yrs | €387.00k | 11.57% € 1.2b | |
| Chief Financial Officer | 3.58yrs | no data | no data | |
| MD & Regional Manager for UK/Ireland | 12.83yrs | no data | 0.050% € 5.0m | |
| MD & Regional Manager for Central Europe | 12.83yrs | no data | 0.027% € 2.7m | |
| MD & Regional Manager for Southern Europe | 12.83yrs | no data | 0.084% € 8.3m | |
| MD & Regional Manager for Nordic Region | 6.83yrs | no data | 0.015% € 1.5m |
12.8yrs
Average Tenure
54yo
Average Age
Experienced Management: TROAX's management team is seasoned and experienced (12.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 12.83yrs | €387.00k | 11.57% € 1.2b | |
| Independent Director | 4.83yrs | €26.00k | 0.0025% € 250.6k | |
| Independent Director | 5.83yrs | €33.00k | 0.015% € 1.5m | |
| Independent Director | 2.83yrs | €31.00k | 0.0075% € 750.9k | |
| Chairman of the Board | 0.42yr | no data | no data | |
| Independent Director | 2.83yrs | €24.00k | no data | |
| Employee Representative Director | 10.83yrs | no data | 0.0069% € 688.0k | |
| Employee Representative Director | 4.83yrs | no data | 0.000010% € 998.6 |
4.8yrs
Average Tenure
59yo
Average Age
Experienced Board: TROAX's board of directors are considered experienced (4.8 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
Troax Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Troax Group AB (publ)
- Ticker: TROAX
- Exchange: OM
- Founded: 1955
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: kr9.986b
- Shares outstanding: 59.87m
- Website: https://www.troax.com
Number of Employees
Location
- Troax Group AB (publ)
- Tyngel 34
- PO Box 89
- Hillerstorp
- Jönköping County
- 335 04
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TROAX | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary A Shares | SE | SEK | Mar 2015 |
| 5TOA | DB (Deutsche Boerse AG) | Yes | Ordinary A Shares | DE | EUR | Mar 2015 |
| TROAXS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary A Shares | GB | SEK | Mar 2015 |
Biography
Troax Group AB (publ), through its subsidiaries, develops and supplies metal-based mesh panel solutions in the Nordic region, the United Kingdom, North America, Continental Europe, and internationally. The...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 19:39 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.