OM:AF B

Stock Analysis Report

Executive Summary

ÅF Pöyry AB (publ)provides engineering and design services for the energy, industrial, and infrastructure sectors in Sweden, Norway, Switzerland, and internationally.

Snowflake

Fundamentals

Established dividend payer with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.8%

AF B

0.4%

SE Professional Services

2.1%

SE Market


1 Year Return

9.0%

AF B

6.1%

SE Professional Services

12.1%

SE Market

Return vs Industry: AF B exceeded the Swedish Professional Services industry which returned 6.1% over the past year.

Return vs Market: AF B underperformed the Swedish Market which returned 12.1% over the past year.


Shareholder returns

AF BIndustryMarket
7 Day1.8%0.4%2.1%
30 Day-3.8%-4.3%1.6%
90 Day-9.9%-7.7%3.7%
1 Year25.8%9.0%18.5%6.1%16.8%12.1%
3 Year46.5%20.4%43.9%20.1%32.2%12.4%
5 Year145.2%90.2%122.3%74.2%62.8%28.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AF B (SEK204) is trading below our estimate of fair value (SEK295.02)

Significantly Below Fair Value: AF B is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AF B is poor value based on its PE Ratio (21.1x) compared to the Professional Services industry average (15.3x).

PE vs Market: AF B is poor value based on its PE Ratio (21.1x) compared to the Swedish market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: AF B is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: AF B is good value based on its PB Ratio (2.5x) compared to the SE Professional Services industry average (2.6x).


Next Steps

Future Growth

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

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AF B's forecast earnings growth (26% per year) is above the savings rate (0.4%).

Earnings vs Market: AF B's earnings (26% per year) are forecast to grow faster than the Swedish market (9.3% per year).

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

Revenue vs Market: AF B's revenue (8.6% per year) is forecast to grow faster than the Swedish market (4.5% per year).

High Growth Revenue: AF B's revenue (8.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AF B's Return on Equity is forecast to be low in 3 years time (15.6%).


Next Steps

Past Performance

How has ÅF Pöyry performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AF B's earnings have grown by 9.1% per year over the past 5 years.

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

Earnings vs Industry: AF B had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Professional Services industry average (-10.2%).


Return on Equity

High ROE: AF B's Return on Equity (8.8%) is considered low.


Return on Assets

ROA vs Industry: AF B's Return on Assets is below or equal to the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: AF B's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is ÅF Pöyry's financial position?


Financial Position Analysis

Short Term Liabilities: AF B's short term assets (SEK7.3B) exceeds its short term liabilities (SEK6.4B)

Long Term Liabilities: AF B's short term assets (7.3B) do not cover its long term liabilities (8.6B)


Debt to Equity History and Analysis

Debt Level: AF B's debt to equity ratio (82.3%) is considered high

Reducing Debt: Insufficient data to determine if AF B's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AF B's debt is not well covered by operating cash flow (10.7%).

Interest Coverage: AF B's interest payments on its debt are well covered by EBIT (10.1x coverage).


Balance Sheet

Inventory Level: AF B has a low level of unsold assets or inventory.

Debt Coverage by Assets: AF B's debt is not covered by short term assets (assets are 1x debt).


Next Steps

Dividend

What is ÅF Pöyry's current dividend yield, its reliability and sustainability?

2.45%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.8%markettop25%4.6%industryaverage2.8%forecastin3Years3.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AF B's dividend (2.45%) is higher than the bottom 25% of dividend payers in the Swedish market (1.81%).

High Dividend: AF B's dividend (2.45%) is low compared to the top 25% of dividend payers in the Swedish market (4.65%).

Stable Dividend: AF B's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.8%), AF B's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AF B's dividends in 3 years are forecast to be well covered by earnings (46.9% payout ratio).


Next Steps

Management

What is the CEO of ÅF Pöyry's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Jonas Gustavsson (52yo)

2.5yrs

Tenure

0

Mr. Jonas Gustavsson has been the Chief Executive Officer and President of ÅF AB (publ) since April 1, 2017. Mr. Gustavsson is Chairman of Pöyry Plc since March 2019. Mr. Gustavsson served as the President ...


Management Age and Tenure

3.0yrs

Average Tenure

49yo

Average Age

Experienced Management: AF B's management team is considered experienced (3 years average tenure).


Board Age and Tenure

2.6yrs

Average Tenure

59yo

Average Age

Experienced Board: AF B's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: AF B insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sellkr4,263,46928 Aug 19
Emma Claesson
EntityIndividual
Role
Head of Human Resources
Executive VP & Head of Human Resources
Shares19,933
Max Pricekr213.89
Buykr780,40031 May 19
Nicholas Oksanen
EntityIndividual
Shares4,000
Max Pricekr195.10
Buykr245,75021 May 19
Malin Frenning
EntityIndividual
Shares1,250
Max Pricekr196.60
Sellkr148,00020 May 19
Nyamko Sabuni
EntityIndividual
Shares800
Max Pricekr185.00
Sellkr1,148,00011 Apr 19
Stefan Johansson
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares7,000
Max Pricekr164.00

Ownership Breakdown


Management Team

  • Jan Nordling (60yo)

    Senior Vice President of Acquisitions & New Markets

    • Tenure: 29.8yrs
  • Stefan Johansson (61yo)

    Executive Officer

    • Tenure: 0.4yrs
  • Jonas Gustavsson (52yo)

    President & CEO

    • Tenure: 2.5yrs
  • Jacob Landén (54yo)

    Secretary To The Board

    • Tenure: 0yrs
  • Marta Tiberg (49yo)

    Head of Corporate Communication & Brand

    • Tenure: 0yrs
  • Emma Claesson (45yo)

    Executive VP & Head of Human Resources

    • Tenure: 5.8yrs
  • Lena Törn (47yo)

    Chief Information Officer

    • Tenure: 3.8yrs
  • Thomas Sandell

    Head Architect

    • Tenure: 3.4yrs
  • Juuso Pajunen (38yo)

    Chief Financial Officer

    • Tenure: 0.4yrs
  • Susan Gustafsson (46yo)

    General Counsel

    • Tenure: 0.08yrs

Board Members

  • Gunilla Kristina Berg (59yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: kr385.00k
  • Henrik Ehrnrooth (65yo)

    Director

    • Tenure: 0.8yrs
  • Ulf Södergren (66yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: kr175.00k
  • Anders Snell (69yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: kr382.50k
  • Anders Narvinger (71yo)

    Chairman of the Board

    • Tenure: 5.4yrs
    • Compensation: kr842.50k
  • Kristina Schauman (54yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: kr467.50k
  • Jonas Abrahamsson (52yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: kr175.00k
  • Joakim Rubin (59yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: kr375.00k
  • Tomas Ekvall (38yo)

    Employee Representative Director

    • Tenure: 2.8yrs
  • Stefan Löfqvist (39yo)

    Employee Representative Director

    • Tenure: 1.8yrs

Company Information

ÅF Pöyry AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ÅF Pöyry AB (publ)
  • Ticker: AF B
  • Exchange: OM
  • Founded: 1895
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: kr23.030b
  • Shares outstanding: 112.89m
  • Website: https://www.afconsult.com

Number of Employees


Location

  • ÅF Pöyry AB (publ)
  • ÅF, Frösundaleden 2
  • Stockholm
  • Stockholm County
  • 169 99
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AF BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKAug 1992
0QUULSE (London Stock Exchange)YesSeries B SharesGBSEKAug 1992
AFBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKAug 1992
B3Y1DB (Deutsche Boerse AG)YesSeries B SharesDEEURAug 1992
AFXX.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDAug 1992

Biography

ÅF Pöyry AB (publ)provides engineering and design services for the energy, industrial, and infrastructure sectors in Sweden, Norway, Switzerland, and internationally. The company operates through Infrastru ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:49
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.