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.
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
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
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
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
is considered below, and whether this is a fair price.
Price based on past earnings
ÅF Pöyry's earnings available for a low price, and how does
this compare to other companies in the same industry?
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.
ÅF Pöyry's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
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.
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
management team in years:
The tenure for the ÅF Pöyry management team is about average.
President & CEO
CFO & Head of Investor Relations
Chief Information Officer
Head of Corporate Communication & Brand
Executive VP & Head of Human Resources
Senior Vice President of Acquisitions & New Markets
Executive VP & Head of Sustainability
Executive VP and Head of Division Industrial & Digital Solutions
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the ÅF Pöyry board of directors is about average.
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.
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