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AFRY

AfryOM:AFRY Stock Report

Market Cap

kr30.9b

7D

-4.4%

1Y

30.7%

Updated

26 Oct, 2021

Data

Company Financials +
AFRY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends4/6

AFRY Overview

Afry AB provides engineering, design, and advisory services for the infrastructure, industry, energy, and digitalisation in Sweden, Finland, Norway, Switzerland, Denmark, Germany, and internationally.

Afry Competitors

Rejlers

OM:REJL B

kr2.9b

Semcon

OM:SEMC

kr2.1b

Projektengagemang Sweden

OM:PENG B

kr564.8m

Eurocon Consulting

NGM:EURO

kr253.0m

Price History & Performance

Summary of all time highs, changes and price drops for Afry
Historical stock prices
Current Share Pricekr271.00
52 Week Highkr194.30
52 Week Lowkr302.00
Beta1.25
1 Month Change-1.38%
3 Month Change-7.19%
1 Year Change30.67%
3 Year Change40.20%
5 Year Change66.77%
Change since IPO7,832.50%

Recent News & Updates

Sep 13
Afry (STO:AFRY) Will Be Hoping To Turn Its Returns On Capital Around

Afry (STO:AFRY) Will Be Hoping To Turn Its Returns On Capital Around

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...

Aug 30
Is Afry (STO:AFRY) A Risky Investment?

Is Afry (STO:AFRY) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 18
When Should You Buy Afry AB (STO:AFRY)?

When Should You Buy Afry AB (STO:AFRY)?

While Afry AB ( STO:AFRY ) might not be the most widely known stock at the moment, it saw a decent share price growth...

Shareholder Returns

AFRYSE Professional ServicesSE Market
7D-4.4%-2.8%1.6%
1Y30.7%45.8%38.8%

Return vs Industry: AFRY underperformed the Swedish Professional Services industry which returned 50% over the past year.

Return vs Market: AFRY underperformed the Swedish Market which returned 37.7% over the past year.

Price Volatility

Is AFRY's price volatile compared to industry and market?
AFRY volatility
AFRY Beta1.25
Industry Beta1.21
Market Beta1

Stable Share Price: AFRY is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AFRY's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
189516,421Jonas Gustavssonhttps://afry.com

Afry AB provides engineering, design, and advisory services for the infrastructure, industry, energy, and digitalisation in Sweden, Finland, Norway, Switzerland, Denmark, Germany, and internationally. The company operates in five divisions: Infrastructure, Industrial & Digital Solutions, Process Industries, Energy, and Management Consulting. It provides architecture and design, facility availability and risk management, process measurements, measurement and analysis of flue gas emissions, enhancing district heating and cooling, wind power measurements, BAT expertise, social responsibility development, plant's environmental responsibility development, asset management, permitting and authority issues, safety management, risk analyses, automation and controls, real virtual commissioning, robot programming & olp, industrial digitalization, installation and commissioning, and industrial digitalization advisory services.

Afry Fundamentals Summary

How do Afry's earnings and revenue compare to its market cap?
AFRY fundamental statistics
Market Capkr30.87b
Earnings (TTM)kr1.10b
Revenue (TTM)kr19.10b

28.1x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFRY income statement (TTM)
Revenuekr19.10b
Cost of Revenuekr15.80b
Gross Profitkr3.30b
Expenseskr2.20b
Earningskr1.10b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)9.65
Gross Margin17.29%
Net Profit Margin5.75%
Debt/Equity Ratio44.5%

How did AFRY perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

51%

Payout Ratio

Valuation

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

36.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AFRY (SEK271) is trading below our estimate of fair value (SEK427.87)

Significantly Below Fair Value: AFRY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AFRY is poor value based on its PE Ratio (28.1x) compared to the Swedish Professional Services industry average (21.5x).

PE vs Market: AFRY is poor value based on its PE Ratio (28.1x) compared to the Swedish market (23.7x).


Price to Earnings Growth Ratio

PEG Ratio: AFRY is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: AFRY is good value based on its PB Ratio (3x) compared to the SE Professional Services industry average (3.1x).


Future Growth

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

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFRY's forecast earnings growth (13.7% per year) is above the savings rate (0.3%).

Earnings vs Market: AFRY's earnings (13.7% per year) are forecast to grow faster than the Swedish market (5.4% per year).

High Growth Earnings: AFRY's earnings are forecast to grow, but not significantly.

Revenue vs Market: AFRY's revenue (5.6% per year) is forecast to grow faster than the Swedish market (4.8% per year).

High Growth Revenue: AFRY's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AFRY's Return on Equity is forecast to be low in 3 years time (13.5%).


Past Performance

How has Afry performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFRY has high quality earnings.

Growing Profit Margin: AFRY's current net profit margins (5.8%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: AFRY's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: AFRY's earnings growth over the past year (28.2%) exceeds its 5-year average (7.6% per year).

Earnings vs Industry: AFRY earnings growth over the past year (28.2%) underperformed the Professional Services industry 44.7%.


Return on Equity

High ROE: AFRY's Return on Equity (10.7%) is considered low.


Financial Health

How is Afry's financial position?


Financial Position Analysis

Short Term Liabilities: AFRY's short term assets (SEK7.7B) do not cover its short term liabilities (SEK8.9B).

Long Term Liabilities: AFRY's short term assets (SEK7.7B) exceed its long term liabilities (SEK5.2B).


Debt to Equity History and Analysis

Debt Level: AFRY's debt to equity ratio (44.5%) is considered high.

Reducing Debt: AFRY's debt to equity ratio has increased from 39.9% to 44.5% over the past 5 years.

Debt Coverage: AFRY's debt is well covered by operating cash flow (29.8%).

Interest Coverage: AFRY's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet


Dividend

What is Afry current dividend yield, its reliability and sustainability?

1.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFRY's dividend (1.85%) is higher than the bottom 25% of dividend payers in the Swedish market (0.92%).

High Dividend: AFRY's dividend (1.85%) is low compared to the top 25% of dividend payers in the Swedish market (3.52%).


Stability and Growth of Payments

Stable Dividend: AFRY's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.4%), AFRY's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AFRY's dividends in 3 years are forecast to be well covered by earnings (49.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Jonas Gustavsson (54 yo)

4.5yrs

Tenure

Mr. Jonas Gustavsson has been the Chief Executive Officer and President of Afry AB (formerly known as ÅF Pöyry AB (publ)) (formerly known as ÅF AB (publ)) since April 1, 2017. Mr. Gustavsson is Chairman of...


Leadership Team

Experienced Management: AFRY's management team is considered experienced (3.2 years average tenure).


Board Members

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


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Afry AB's employee growth, exchange listings and data sources


Key Information

  • Name: Afry AB
  • Ticker: AFRY
  • Exchange: OM
  • Founded: 1895
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: kr30.867b
  • Shares outstanding: 113.90m
  • Website: https://afry.com

Number of Employees


Location

  • Afry AB
  • FrOesundaleden 2A
  • Solna
  • Stockholm
  • Stockholm County
  • 169 75
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:15
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.