Troax Group
Market Cap
kr6.4b
Last Updated
2019/10/22 21:33 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.
Snowflake
Fundamentals
Solid track record 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
Market Performance
7 Day Return
6.2%
TROAX
5.8%
SE Machinery
2.2%
SE Market
1 Year Return
34.0%
TROAX
24.2%
SE Machinery
16.0%
SE Market
Return vs Industry: TROAX exceeded the Swedish Machinery industry which returned 24.2% over the past year.
Return vs Market: TROAX exceeded the Swedish Market which returned 16% over the past year.
Shareholder returns
| TROAX | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.2% | 5.8% | 2.2% |
| 30 Day | 5.5% | 4.3% | 2.7% |
| 90 Day | 10.2% | 6.0% | 4.2% |
| 1 Year | 36.2%34.0% | 28.2%24.2% | 21.0%16.0% |
| 3 Year | 114.2%104.5% | 64.7%36.9% | 34.5%14.2% |
| 5 Year | n/a | 106.2%62.3% | 61.7%27.1% |
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
Should You Be Excited About Troax Group AB (publ)'s (STO:TROAX) 30% Return On Equity?2 weeks ago | Simply Wall St
Should You Be Holding Troax Group AB (publ) (STO:TROAX)?1 month ago | Simply Wall St
A Look At The Fair Value Of Troax Group AB (publ) (STO:TROAX)Valuation
Is Troax Group undervalued compared to its fair value and its price relative to the market?
24.15x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TROAX (SEK107) is trading above our estimate of fair value (SEK87.69)
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 (24.1x) compared to the Machinery industry average (16.8x).
PE vs Market: TROAX is poor value based on its PE Ratio (24.1x) compared to the Swedish market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: TROAX is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: TROAX is overvalued based on its PB Ratio (7.3x) compared to the SE Machinery industry average (2.9x).
Next Steps
Future Growth
How is Troax Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TROAX's forecast earnings growth (8.2% per year) is above the savings rate (0.4%).
Earnings vs Market: TROAX's earnings (8.2% per year) are forecast to grow slower than the Swedish market (8.8% per year).
High Growth Earnings: TROAX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TROAX's revenue (6.9% per year) is forecast to grow faster than the Swedish market (4.5% per year).
High Growth Revenue: TROAX's revenue (6.9% 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 (23.3%)
Next Steps
Past Performance
How has Troax Group performed over the past 5 years?
26.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TROAX's earnings have grown significantly by 26.2% per year over the past 5 years.
Accelerating Growth: TROAX's earnings growth over the past year (26.8%) exceeds its 5-year average (26.2% per year).
Earnings vs Industry: TROAX earnings growth over the past year (26.8%) exceeded the Machinery industry 19.3%.
Return on Equity
High ROE: Whilst TROAX's Return on Equity (30.33%) is high, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: TROAX has a higher Return on Assets than the Machinery industry average last year.
Return on Capital Employed
ROCE Improving: TROAX has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Troax Group's financial position?
Financial Position Analysis
Short Term Liabilities: TROAX's short term assets (€70.5M) exceeds its short term liabilities (€29.7M)
Long Term Liabilities: TROAX's short term assets (70.5M) do not cover its long term liabilities (83.6M)
Debt to Equity History and Analysis
Debt Level: TROAX's debt to equity ratio (102.3%) is considered high
Reducing Debt: TROAX's debt to equity ratio has reduced from 132.2% to 102.3% over the past 5 years.
Debt Coverage: TROAX's debt is well covered by operating cash flow (30.8%).
Interest Coverage: TROAX's interest payments on its debt are well covered by EBIT (42.2x coverage).
Balance Sheet
Inventory Level: TROAX has a high level of physical assets or inventory.
Debt Coverage by Assets: TROAX's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Troax Group's current dividend yield, its reliability and sustainability?
1.53%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TROAX's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.81%).
High Dividend: TROAX's dividend (1.53%) is low compared to the top 25% of dividend payers in the Swedish market (4.71%).
Stable Dividend: TROAX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TROAX's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.7%), TROAX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TROAX's dividends in 3 years are forecast to be well covered by earnings (49.5% payout ratio).
Next Steps
Management
What is the CEO of Troax Group's salary, the management and board of directors tenure and is there insider trading?
11.8yrs
Average management tenure
CEO
Thomas Widstrand (62yo)
11.8yrs
Tenure
€479,000
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 ($USD533.65K) is about average for companies of similar size in the Swedish market ($USD602.12K).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
Management Age and Tenure
11.8yrs
Average Tenure
53yo
Average Age
Experienced Management: TROAX's management team is seasoned and experienced (11.8 years average tenure).
Board Age and Tenure
3.8yrs
Average Tenure
60yo
Average Age
Experienced Board: TROAX's board of directors are considered experienced (3.8 years average tenure).
Insider Trading
Insider Buying: TROAX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 3,000 |
| Max Price | €92.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 4,500 |
| Max Price | €104.17 |
Ownership Breakdown
Management Team
Thomas Widstrand (62yo)
CEO, President & Director
- Tenure: 11.8yrs
- Compensation: €479.00k
David Teulon (66yo)
MD & Regional Manager for UK/Ireland
- Tenure: 11.8yrs
Anders Eklöf (49yo)
Chief Financial Officer
- Tenure: 2.5yrs
Wolfgang Falkenberg (57yo)
MD & Regional Manager for Central Europe
- Tenure: 11.8yrs
Javier Garcia (47yo)
MD & Regional Manager for Southern Europe
- Tenure: 11.8yrs
Jonas Rydqvist (47yo)
MD & Regional Manager for Nordic Region
- Tenure: 5.8yrs
Board Members
Eva Nygren (64yo)
Director
- Tenure: 3.8yrs
- Compensation: €25.00k
Anna Stålenbring (58yo)
Director
- Tenure: 4.8yrs
- Compensation: €30.00k
Bertil Persson (58yo)
Director
- Tenure: 1.8yrs
- Compensation: €20.00k
Jan Svensson (63yo)
Chairman
- Tenure: 3.4yrs
- Compensation: €54.00k
Thomas Widstrand (62yo)
CEO, President & Director
- Tenure: 11.8yrs
- Compensation: €479.00k
Fredrik Hansson (48yo)
Director
- Tenure: 1.8yrs
- Compensation: €17.00k
Bength Håkansson (62yo)
Employee Representative Director
- Tenure: 9.8yrs
Milenko Simic (52yo)
Employee Representative Director
- Tenure: 3.8yrs
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: kr6.420b
- Shares outstanding: 60.00m
- Website: https://www.troax.com
Number of Employees
Location
- Troax Group AB (publ)
- Tyngel
- 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 | 2019/10/22 21:33 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.