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ÅF Pöyry

OM:AF BTA B
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AF BTA B
OM
SEK19B
Market Cap
  1. Home
  2. SE
  3. Commercial Services
Company description

ÅF Pöyry AB (publ)provides engineering and consulting services for the energy, industrial, and infrastructure sectors in Sweden, Norway, Switzerland, and internationally. The last earnings update was 21 days ago. More info.


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AF BTA B Share Price and Events
7 Day Returns
-
OM:AF BTA B
1.2%
SE Professional Services
0.5%
SE Market
1 Year Returns
-
OM:AF BTA B
2%
SE Professional Services
5%
SE Market
AF BTA B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ÅF Pöyry (AF BTA B) - - - - - -
SE Professional Services 1.2% -0.6% 5.1% 2% 22.8% 32.7%
SE Market 0.5% 2.8% 10.8% 5% 12.4% 25.2%
1 Year Return vs Industry and Market
  • No trading data on AF BTA B.
  • No trading data on AF BTA B.
Price Volatility
AF BTA B
Industry
5yr Volatility vs Market

Value

 Is ÅF Pöyry undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ÅF Pöyry to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ÅF Pöyry.

OM:AF BTA B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:AF BTA B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.866 (1 + (1- 22%) (19.07%))
0.997
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.997 * 5.96%)
6.37%

Discounted Cash Flow Calculation for OM:AF BTA B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ÅF Pöyry is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:AF BTA B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.37%)
2019 963.00 Analyst x1 905.30
2020 1,432.00 Analyst x1 1,265.54
2021 1,688.00 Analyst x1 1,402.40
2022 1,884.23 Est @ 11.63% 1,471.63
2023 2,040.02 Est @ 8.27% 1,497.83
2024 2,160.74 Est @ 5.92% 1,491.42
2025 2,253.06 Est @ 4.27% 1,461.96
2026 2,323.39 Est @ 3.12% 1,417.26
2027 2,377.18 Est @ 2.32% 1,363.19
2028 2,418.80 Est @ 1.75% 1,303.95
Present value of next 10 years cash flows SEK13,580.46
OM:AF BTA B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK2,418.80 × (1 + 0.43%) ÷ (6.37% – 0.43%)
SEK40,901.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK40,901.90 ÷ (1 + 6.37%)10
SEK22,049.73
OM:AF BTA B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK13,580.46 + SEK22,049.73
SEK35,630.19
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK35,630.19 / 112.21
SEK317.54
OM:AF BTA B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OM:AF BTA B represents 1.00904x of OM:AF B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00904x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 317.54 x 1.00904
SEK320.41
Value per share (SEK) From above. SEK320.41
Current discount Discount to share price of SEK167.50
= -1 x (SEK167.50 - SEK320.41) / SEK320.41
47.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ÅF Pöyry is available for.
Intrinsic value
48%
Share price is SEK167.5 vs Future cash flow value of SEK320.41
Current Discount Checks
For ÅF Pöyry to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ÅF Pöyry's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ÅF Pöyry's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ÅF Pöyry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ÅF Pöyry's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:AF BTA B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK10.98
OM:AF B Share Price ** OM (2019-04-17) in SEK SEK166
Sweden Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 15.2x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ÅF Pöyry.

OM:AF BTA B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:AF B Share Price ÷ EPS (both in SEK)

= 166 ÷ 10.98

15.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ÅF Pöyry is good value based on earnings compared to the SE Professional Services industry average.
  • ÅF Pöyry is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does ÅF Pöyry's expected growth come at a high price?
Raw Data
OM:AF BTA B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
22.8%per year
Sweden Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 1.02x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

OM:AF BTA B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.12x ÷ 22.8%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ÅF Pöyry is good value based on expected growth next year.
Price based on value of assets
What value do investors place on ÅF Pöyry's assets?
Raw Data
OM:AF BTA B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK70.42
OM:AF B Share Price * OM (2019-04-17) in SEK SEK166
Sweden Professional Services Industry PB Ratio Median Figure of 14 Publicly-Listed Professional Services Companies 2.38x
Sweden Market PB Ratio Median Figure of 565 Publicly-Listed Companies 2.5x
OM:AF BTA B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:AF B Share Price ÷ Book Value per Share (both in SEK)

= 166 ÷ 70.42

2.36x

* Primary Listing of ÅF Pöyry.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ÅF Pöyry is good value based on assets compared to the SE Professional Services industry average.
X
Value checks
We assess ÅF Pöyry's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. ÅF Pöyry has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ÅF Pöyry expected to grow at an attractive rate?
  • ÅF Pöyry's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • ÅF Pöyry's earnings growth is expected to exceed the Sweden market average.
  • ÅF Pöyry's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:AF BTA B Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:AF BTA B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 22.8%
OM:AF BTA B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15.9%
Sweden Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Sweden Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:AF BTA B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:AF BTA B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 22,569 2,298 1,663 1
2020-12-31 21,644 2,038 1,472 1
2019-12-31 20,099 1,566 937 1
OM:AF BTA B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 13,975 874 850
2018-09-30 13,518 852 883
2018-06-30 13,185 660 829
2018-03-31 12,808 712 766
2017-12-31 12,658 624 744
2017-09-30 12,295 492 713
2017-06-30 11,981 603 751
2017-03-31 11,692 677 769
2016-12-31 11,070 622 726
2016-09-30 10,651 686 695
2016-06-30 10,450 812 634
2016-03-31 10,097 642 617

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ÅF Pöyry's earnings are expected to grow significantly at over 20% yearly.
  • ÅF Pöyry's revenue is expected to grow by 15.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:AF BTA B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from ÅF Pöyry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AF BTA B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 14.94 14.94 14.94 1.00
2020-12-31 13.14 13.14 13.14 1.00
2019-12-31 9.90 9.90 9.90 1.00
OM:AF BTA B Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 10.98
2018-09-30 11.41
2018-06-30 10.70
2018-03-31 9.87
2017-12-31 9.58
2017-09-30 9.16
2017-06-30 9.63
2017-03-31 9.86
2016-12-31 9.32
2016-09-30 8.93
2016-06-30 8.15
2016-03-31 7.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ÅF Pöyry is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ÅF Pöyry's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ÅF Pöyry has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ÅF Pöyry performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ÅF Pöyry's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ÅF Pöyry's year on year earnings growth rate has been positive over the past 5 years.
  • ÅF Pöyry's 1-year earnings growth exceeds its 5-year average (14.2% vs 9.8%)
  • ÅF Pöyry's earnings growth has not exceeded the SE Professional Services industry average in the past year (14.2% vs 28.5%).
Earnings and Revenue History
ÅF Pöyry's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ÅF Pöyry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AF BTA B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13,975.00 850.00 1,073.00
2018-09-30 13,518.00 883.00 1,066.00
2018-06-30 13,185.00 829.00 1,066.00
2018-03-31 12,808.00 766.00 1,066.00
2017-12-31 12,658.00 744.00 1,066.00
2017-09-30 12,295.00 713.00 917.00
2017-06-30 11,981.00 751.00 917.00
2017-03-31 11,692.00 769.00 917.00
2016-12-31 11,070.00 726.00 917.00
2016-09-30 10,650.70 694.80 820.00
2016-06-30 10,449.90 633.50 820.00
2016-03-31 10,096.70 617.10 820.00
2015-12-31 9,851.00 605.00 820.00
2015-09-30 9,509.00 585.20 748.70
2015-06-30 9,234.70 598.80 748.70
2015-03-31 8,926.60 555.60 748.70
2014-12-31 8,805.00 553.10 748.70
2014-09-30 8,720.00 590.90 795.90
2014-06-30 8,616.70 601.40 795.90
2014-03-31 8,487.70 552.40 795.90
2013-12-31 8,337.00 522.80 795.90
2013-09-30 7,893.60 428.20 632.10
2013-06-30 7,307.10 388.40 632.10
2013-03-31 6,514.10 372.30 632.10
2012-12-31 5,796.40 345.00 632.10
2012-09-30 5,405.80 335.70 1,754.90
2012-06-30 5,353.10 332.30 1,754.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ÅF Pöyry has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ÅF Pöyry used its assets more efficiently than the SE Professional Services industry average last year based on Return on Assets.
  • ÅF Pöyry's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ÅF Pöyry's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ÅF Pöyry has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ÅF Pöyry's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ÅF Pöyry's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ÅF Pöyry is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ÅF Pöyry's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ÅF Pöyry's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ÅF Pöyry Company Filings, last reported 3 months ago.

OM:AF BTA B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,465.00 3,553.00 239.00
2018-09-30 5,306.00 2,784.00 200.00
2018-06-30 5,313.00 2,085.00 187.00
2018-03-31 5,320.00 2,063.00 233.00
2017-12-31 4,989.00 2,758.00 223.00
2017-09-30 4,727.00 1,975.00 162.00
2017-06-30 4,746.00 1,833.00 206.00
2017-03-31 4,906.00 2,624.00 223.00
2016-12-31 4,696.00 2,464.00 329.00
2016-09-30 4,606.60 1,901.90 275.20
2016-06-30 4,397.60 1,793.90 255.30
2016-03-31 4,436.60 1,677.40 192.50
2015-12-31 4,229.00 1,643.00 264.00
2015-09-30 4,122.30 1,381.40 223.20
2015-06-30 4,106.10 1,495.40 173.30
2015-03-31 4,162.90 1,187.50 217.70
2014-12-31 3,954.50 965.10 178.40
2014-09-30 3,838.00 0.00 177.80
2014-06-30 3,718.70 0.00 252.70
2014-03-31 3,840.00 0.00 231.00
2013-12-31 3,674.20 1,024.20 187.70
2013-09-30 3,488.60 0.00 224.60
2013-06-30 3,419.20 0.00 213.80
2013-03-31 3,486.80 0.00 267.60
2012-12-31 3,421.50 1,256.70 497.70
2012-09-30 2,470.10 125.50 461.40
2012-06-30 2,444.60 49.70 382.30
  • ÅF Pöyry's level of debt (65%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.6% vs 65% today).
  • Debt is well covered by operating cash flow (24.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.3x coverage).
X
Financial health checks
We assess ÅF Pöyry's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ÅF Pöyry has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.01%
Current annual income from ÅF Pöyry dividends. Estimated to be 3.9% next year.
If you bought SEK2,000 of ÅF Pöyry shares you are expected to receive SEK60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ÅF Pöyry's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
  • ÅF Pöyry's dividend is below the markets top 25% of dividend payers in Sweden (4.3%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:AF BTA B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Sweden Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.1%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:AF BTA B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 6.87 3.00
2020-12-31 6.57 3.00
2019-12-31 6.00 3.00
OM:AF BTA B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-28 5.000 3.043
2019-02-07 5.000 3.012
2018-04-25 5.000 2.622
2017-04-25 4.500 2.482
2016-04-06 3.750 2.330
2016-02-08 3.750 2.662
2015-03-30 3.500 2.866
2014-04-11 3.250 2.754
2014-02-11 3.250 2.816
2013-04-29 2.750 2.816
2012-07-13 2.500 3.283
2012-05-07 2.500 3.766
2011-03-31 2.000 3.479
2010-05-05 2.000 3.411
2009-04-20 1.625 3.862

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ÅF Pöyry's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess ÅF Pöyry's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ÅF Pöyry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ÅF Pöyry has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jonas Gustavsson
AGE 51
TENURE AS CEO 2 years
CEO Bio

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 of Sandvik Machining Solutions AB at Sandvik AB from February 1, 2013 to March 31, 2017. He served as the President of Kanthal Corporation, a brand belongs to Sandvik Materials Technology of Sandvik AB from June 2011 to January 31, 2013. He served as the President of Sandvik Materials Technology AB from May 1, 2011 to February 1, 2013. He served as the President of the Wire and Heating Technology product area within Sandvik Materials Technology. He joined Sandvik in January 2008 as General Manager of Sandvik's Product Unit Tube in Sandviken, Sweden. He served as a Vice President of Operations at Bombardier Recreational Products in Austria (BRP-Rotax (Austria)). and was globally responsible for the engine supply chain. With an extensive background in operations and production management, he has spent a number of years actively working with 'lean' manufacturing and change programs. Prior to this he held a number of production management positions within ABB before moving to Bombardier in 2001. Mr. Gustavsson holds an M.Sc in Mechanical Engineering from Luleå Technical University.

CEO Compensation
  • Insufficient data for Jonas to compare compensation growth.
  • Insufficient data for Jonas to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the ÅF Pöyry management team in years:

3.1
Average Tenure
51
Average Age
  • The tenure for the ÅF Pöyry management team is about average.
Management Team

Jonas Gustavsson

TITLE
President & CEO
AGE
51
TENURE
2 yrs

Stefan Johansson

TITLE
CFO & Head of Investor Relations
AGE
60
TENURE
7.6 yrs

Lena Törn

TITLE
Chief Information Officer
AGE
46
TENURE
3.3 yrs

Jacob Landén

TITLE
General Counsel
AGE
53

Marta Tiberg

TITLE
Head of Corporate Communication & Brand
AGE
48

Emma Claesson

TITLE
Executive VP & Head of Human Resources
AGE
44
TENURE
5.3 yrs

Jan Nordling

TITLE
Senior Vice President of Acquisitions & New Markets
AGE
59
TENURE
29.3 yrs

Nyamko Sabuni

TITLE
Executive VP & Head of Sustainability
AGE
49
TENURE
1 yrs

Thomas Sandell

TITLE
Head Architect
TENURE
2.9 yrs

Robert Larsson

TITLE
Executive VP and Head of Division Industrial & Digital Solutions
AGE
51
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the ÅF Pöyry board of directors in years:

3.6
Average Tenure
58
Average Age
  • The tenure for the ÅF Pöyry board of directors is about average.
Board of Directors

Anders Narvinger

TITLE
Chairman of the Board
COMPENSATION
SEK763K
AGE
70
TENURE
4.9 yrs

Kristina Schauman

TITLE
Director
COMPENSATION
SEK405K
AGE
53
TENURE
6.9 yrs

Anders Snell

TITLE
Director
COMPENSATION
SEK338K
AGE
68
TENURE
9.9 yrs

Joakim Rubin

TITLE
Director
COMPENSATION
SEK340K
AGE
58
TENURE
6.9 yrs

Maud Olofsson

TITLE
Director
COMPENSATION
SEK293K
AGE
63
TENURE
6 yrs

Gunilla Berg

TITLE
Director
COMPENSATION
SEK180K
AGE
58
TENURE
2 yrs

Tomas Ekvall

TITLE
Employee Representative Director
AGE
37
TENURE
2.3 yrs

Jonas Abrahamsson

TITLE
Director
AGE
51
TENURE
1.3 yrs

Ulf Södergren

TITLE
Director
AGE
65
TENURE
1.3 yrs

Stefan Löfqvist

TITLE
Employee Representative Director
AGE
38
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess ÅF Pöyry's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ÅF Pöyry has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ÅF Pöyry AB (publ)provides engineering and consulting services for the energy, industrial, and infrastructure sectors in Sweden, Norway, Switzerland, and internationally. The company operates through five divisions: Infrastructure, Industrial & Digital Solutions, Process Industries, Energy, and Management Consulting. Its offering covers fields of expertise, such as product development and IT in the automotive sector, telecoms, defense, and life science; process knowhow for industrial and energy plants; and robotisation of production and production facilities, as well as development of customized business systems, communications system management, and IT and civilian security. The company offers services in field of energy comprising transmission and distribution of energy and various types of power plants for a range of energy sources, including waste fuels, gas, coal, and nuclear power, as well as biofuel, water, wind, and other renewable energy sources. In addition, it offers management and project design services for infrastructure projects, including roads, railways, and buildings, as well as has expertise in various others areas, such as noise, vibration and acoustic issues, lighting, and environmental issues. ÅF AB (publ) was founded in 1895 and is headquartered in Stockholm, Sweden.

Details
Name: ÅF Pöyry AB (publ)
AF BTA B
Exchange: OM
Founded: 1895
SEK18,626,613,656
112,208,516
Website: http://www.afconsult.com
Address: ÅF Pöyry AB (publ)
ÅF, Frösundaleden 2,
Solna,
Stockholm,
Stockholm County, 169 99,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AF B Series B Shares OMX Nordic Exchange Stockholm SE SEK 19. Aug 1992
OTCPK AFXX.F Series B Shares Pink Sheets LLC US USD 19. Aug 1992
DB B3Y1 Series B Shares Deutsche Boerse AG DE EUR 19. Aug 1992
LSE 0QUU Series B Shares London Stock Exchange GB SEK 19. Aug 1992
BATS-CHIXE AFBS Series B Shares BATS 'Chi-X Europe' GB SEK 19. Aug 1992
OM AF BTA B SER'B'NPV BTA 062019 OMX Nordic Exchange Stockholm SE SEK 11. Apr 2019
Number of employees
Current staff
Staff numbers
10,928
ÅF Pöyry employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:57
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.