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.
No risks detected for TROAX from our risk checks.
Excellent balance sheet with reasonable growth potential.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TROAX exceeded the Swedish Machinery industry which returned 25.4% over the past year.
Return vs Market: TROAX exceeded the Swedish Market which returned 21.9% over the past year.
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 StHere's What Analysts Are Forecasting For Troax Group AB (publ) After Its Annual Results
2 weeks ago | Simply Wall StTroax Group AB (publ) (STO:TROAX) Earns Among The Best Returns In Its Industry
1 month ago | Simply Wall StHere's Why I Think Troax Group (STO:TROAX) Is An Interesting Stock
Is Troax Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TROAX (SEK139.2) is trading above our estimate of fair value (SEK108.05)
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 (32.5x) compared to the Machinery industry average (18.9x).
PE vs Market: TROAX is poor value based on its PE Ratio (32.5x) compared to the Swedish market (20x).
Price to Earnings Growth Ratio
PEG Ratio: TROAX is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: TROAX is overvalued based on its PB Ratio (8.3x) compared to the SE Machinery industry average (3.2x).
How is Troax Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TROAX's forecast earnings growth (10.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: TROAX's earnings (10.3% per year) are forecast to grow faster than the Swedish market (8.1% per year).
High Growth Earnings: TROAX's earnings are forecast to grow, but not significantly.
Revenue vs Market: TROAX's revenue (7.7% per year) is forecast to grow faster than the Swedish market (4.7% per year).
High Growth Revenue: TROAX's revenue (7.7% 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 (24.2%)
How has Troax Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TROAX has high quality earnings.
Growing Profit Margin: TROAX's current net profit margins (14.5%) are lower than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: TROAX's earnings have grown significantly by 23.9% 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 (-0.3%) over the past year, making it difficult to compare to the Machinery industry average (1.3%).
Return on Equity
High ROE: TROAX's Return on Equity (25.4%) is considered high.
Return on Assets
Return on Capital Employed
How is Troax Group's financial position?
Financial Position Analysis
Short Term Liabilities: TROAX's short term assets (€84.9M) exceed its short term liabilities (€33.2M).
Long Term Liabilities: TROAX's short term assets (€84.9M) do not cover its long term liabilities (€91.3M).
Debt to Equity History and Analysis
Debt Level: TROAX is debt free.
Reducing Debt: TROAX has no debt compared to 5 years ago when its debt to equity ratio was 154.5%.
Debt Coverage: TROAX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TROAX has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: TROAX has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TROAX's debt is covered by short term assets.
What is Troax Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Troax Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TROAX's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.57%).
High Dividend: TROAX's dividend (1.44%) is low compared to the top 25% of dividend payers in the Swedish market (4.25%).
Stability and Growth of Payments
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 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.9%), 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 covered by earnings (50.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thomas Widstrand (62yo)
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 ($USD520.31K) is about average for companies of similar size in the Swedish market ($USD613.57K).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
|CEO, President & Director||12.1yrs||€479.00k||5.75% €479.9m|
|Chief Financial Officer||2.8yrs||no data||0.0050% €418.0k|
|MD & Regional Manager for UK/Ireland||12.1yrs||no data||0.23% €18.8m|
|MD & Regional Manager for Central Europe||12.1yrs||no data||0.062% €5.2m|
|MD & Regional Manager for Southern Europe||12.1yrs||no data||0.23% €19.2m|
|MD & Regional Manager for Nordic Region||6.1yrs||no data||0.015% €1.3m|
Experienced Management: TROAX's management team is seasoned and experienced (12.1 years average tenure).
|CEO, President & Director||12.1yrs||€479.00k||5.75% €479.9m|
|Independent Director||4.1yrs||€25.00k||0.0025% €208.6k|
|Independent Director||5.1yrs||€30.00k||0.015% €1.3m|
|Independent Director||2.1yrs||€20.00k||0.0075% €626.6k|
|Independent Director||2.1yrs||€17.00k||no data|
|Employee Representative Director||10.1yrs||no data||0.0069% €574.0k|
|Employee Representative Director||4.1yrs||no data||0.00051% €42.6k|
Experienced Board: TROAX's board of directors are considered experienced (4.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Troax Group AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Troax Group AB (publ)
- Ticker: TROAX
- Exchange: OM
- Founded: 1955
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: kr8.344b
- Shares outstanding: 59.94m
- Website: https://www.troax.com
Number of Employees
- Troax Group AB (publ)
- PO Box 89
- Jönköping County
- 335 04
|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|
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 offers machine guarding systems, including fixing systems for production environments; panels and posts, such as machine guarding panels, polycarbonate panels, sheet metal panels, posts, customization panels, and surface treatment panels; stainless steel competition lines and stainless steel high lines; and accessories, such as end profiles, snappers, cut profiles, kickplates, kit PC holders, kit cable ladders, kit foam infills, gap covers, and kit extension brackets. It also provides hinged, sliding, telescopic sliding, linear sliding, automatic sliding, and automatic quick roll doors, as well as locks; anti-collapse systems that include panels and accessories; mesh shelving systems; and warehouse partitions and industrial partitions, which comprise mesh partitions, and doors and gates for vehicles, as well as accessories for the material handling and logistics applications. In addition, the company offers doors; panels; and accessories, including shelves, door system kit silences, door system holder number plates, door system trim kits, and end profiles for storage and property protection applications. Troax Group AB (publ) was founded in 1955 and is headquartered in Hillerstorp, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 00:01|
|End of Day Share Price||2020/02/21 00:00|
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.