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Capacent Holding

OM:CAPAC
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAPAC
OM
SEK134M
Market Cap
  1. Home
  2. SE
  3. Commercial Services
Company description

Capacent Holding AB (publ) provides consulting services to industrial and service companies, B2B and B2C, private equity firms, financial institutions, and public sector entities. The last earnings update was 78 days ago. More info.


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CAPAC Share Price and Events
7 Day Returns
-0.4%
OM:CAPAC
0.9%
SE Professional Services
-1.3%
SE Market
1 Year Returns
-6.2%
OM:CAPAC
4.2%
SE Professional Services
4.3%
SE Market
CAPAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capacent Holding (CAPAC) -0.4% 4.6% -15.5% -6.2% -23.5% -
SE Professional Services 0.9% 4.2% 20.4% 4.2% 41.7% 71%
SE Market -1.3% -0.3% -0.3% 4.3% 13.3% 20.1%
1 Year Return vs Industry and Market
  • CAPAC underperformed the Professional Services industry which returned 4.2% over the past year.
  • CAPAC underperformed the Market in Sweden which returned 4.3% over the past year.
Price Volatility
CAPAC
Industry
5yr Volatility vs Market

CAPAC Value

 Is Capacent Holding 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 Capacent Holding 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 Capacent Holding.

OM:CAPAC 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 6.6%
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:CAPAC
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 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 22%) (31.61%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.04 * 5.96%)
6.63%

Discounted Cash Flow Calculation for OM:CAPAC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Capacent Holding 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:CAPAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.63%)
2020 18.00 Analyst x1 16.88
2021 19.00 Analyst x1 16.71
2022 19.74 Est @ 3.92% 16.28
2023 20.31 Est @ 2.87% 15.71
2024 20.75 Est @ 2.14% 15.05
2025 21.08 Est @ 1.63% 14.34
2026 21.35 Est @ 1.27% 13.62
2027 21.57 Est @ 1.02% 12.90
2028 21.75 Est @ 0.84% 12.20
2029 21.91 Est @ 0.72% 11.52
Present value of next 10 years cash flows SEK145.21
OM:CAPAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK21.91 × (1 + 0.43%) ÷ (6.63% – 0.43%)
SEK354.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK354.86 ÷ (1 + 6.63%)10
SEK186.67
OM:CAPAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK145.21 + SEK186.67
SEK331.88
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK331.88 / 2.72
SEK122.21
OM:CAPAC Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK122.21
Current discount Discount to share price of SEK49.70
= -1 x (SEK49.70 - SEK122.21) / SEK122.21
59.3%

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

Current Discount
Amount off the current price Capacent Holding is available for.
Intrinsic value
>50%
Share price is SEK49.7 vs Future cash flow value of SEK122.21
Current Discount Checks
For Capacent Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capacent Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capacent Holding'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 Capacent Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capacent Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:CAPAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK3.59
OM:CAPAC Share Price ** OM (2019-07-23) in SEK SEK49.7
Sweden Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 15.26x
Sweden Market PE Ratio Median Figure of 324 Publicly-Listed Companies 16.42x

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

** Primary Listing of Capacent Holding.

OM:CAPAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 49.7 ÷ 3.59

13.84x

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

  • Capacent Holding is good value based on earnings compared to the SE Professional Services industry average.
  • Capacent Holding is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Capacent Holding's expected growth come at a high price?
Raw Data
OM:CAPAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
22%per year
Sweden Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 0.79x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

OM:CAPAC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.84x ÷ 22%

0.63x

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

  • Capacent Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Capacent Holding's assets?
Raw Data
OM:CAPAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK42.41
OM:CAPAC Share Price * OM (2019-07-23) in SEK SEK49.7
Sweden Professional Services Industry PB Ratio Median Figure of 14 Publicly-Listed Professional Services Companies 2.3x
Sweden Market PB Ratio Median Figure of 575 Publicly-Listed Companies 2.59x
OM:CAPAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 49.7 ÷ 42.41

1.17x

* Primary Listing of Capacent Holding.

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

  • Capacent Holding is good value based on assets compared to the SE Professional Services industry average.
X
Value checks
We assess Capacent Holding'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. Capacent Holding 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.

CAPAC Future Performance

 How is Capacent Holding 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%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capacent Holding expected to grow at an attractive rate?
  • Capacent Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Capacent Holding's earnings growth is expected to exceed the Sweden market average.
  • Capacent Holding's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:CAPAC Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:CAPAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 22%
OM:CAPAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.7%
Sweden Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 24.2%
Sweden Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 9%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:CAPAC 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:CAPAC Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 327 22 19 1
2020-12-31 312 21 18 1
2019-12-31 291 16 14 1
OM:CAPAC Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 271 18 10
2018-12-31 264 22 12
2018-09-30 253 12 13
2018-06-30 236 25 10
2018-03-31 222 9 9
2017-12-31 200 10 3
2017-09-30 172 -1 -1
2017-06-30 158 -2 1
2017-03-31 147 8 4
2016-12-31 143 2 8
2016-09-30 151 19 12
2016-06-30 154 21 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capacent Holding's earnings are expected to grow significantly at over 20% yearly.
  • Capacent Holding's revenue is expected to grow by 6.7% 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:CAPAC 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 Capacent Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CAPAC Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.20 6.20 6.20 1.00
2020-12-31 5.90 5.90 5.90 1.00
2019-12-31 4.60 4.60 4.60 1.00
OM:CAPAC Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 3.59
2018-12-31 4.24
2018-09-30 4.78
2018-06-30 3.56
2018-03-31 3.39
2017-12-31 1.24
2017-09-30 -0.28
2017-06-30 0.48
2017-03-31 1.66
2016-12-31 3.11
2016-09-30 7.33
2016-06-30 10.32

*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.
  • Capacent Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capacent Holding'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.
Capacent Holding 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.

CAPAC Past Performance

  How has Capacent Holding 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 Capacent Holding'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.
  • Capacent Holding's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Capacent Holding's 1-year earnings growth exceeds its 5-year average (5.9% vs -8.2%)
  • Capacent Holding's earnings growth has exceeded the SE Professional Services industry average in the past year (5.9% vs -1.5%).
Earnings and Revenue History
Capacent Holding'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 Capacent Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CAPAC Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 270.55 9.76 57.80
2018-12-31 263.84 11.51 59.29
2018-09-30 253.13 12.99 56.14
2018-06-30 235.68 9.68 49.31
2018-03-31 221.91 9.21 44.01
2017-12-31 200.40 3.35 41.99
2017-09-30 171.77 -0.74 34.42
2017-06-30 157.76 1.28 30.70
2017-03-31 146.55 4.40 25.93
2016-12-31 142.93 8.21 19.83
2016-09-30 150.77 11.90 20.23
2016-06-30 154.18 12.14 21.20
2016-03-31 156.31 13.48 21.04
2015-12-31 153.92 13.54 21.06
2015-09-30 144.62 10.90 20.62
2015-06-30 145.08 11.61 19.05
2015-03-31 138.59 9.83 19.35
2014-12-31 138.31 9.79 20.18
2013-12-31 120.64 -0.17 20.69
2012-12-31 135.00 10.65 25.09

*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.
  • Capacent Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capacent Holding used its assets more efficiently than the SE Professional Services industry average last year based on Return on Assets.
  • Capacent Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Capacent Holding'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.
Capacent Holding 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.

CAPAC Health

 How is Capacent Holding'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 Capacent Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capacent Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Capacent Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Capacent Holding'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 10.8x 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 Capacent Holding Company Filings, last reported 3 months ago.

OM:CAPAC Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 115.86 6.50 12.02
2018-12-31 114.22 7.18 14.82
2018-09-30 108.83 18.49 7.26
2018-06-30 110.78 6.98 10.83
2018-03-31 111.71 9.56 5.36
2017-12-31 104.91 14.03 5.64
2017-09-30 96.39 17.47 1.00
2017-06-30 100.53 15.89 1.01
2017-03-31 108.02 8.89 6.72
2016-12-31 104.69 2.00 6.37
2016-09-30 101.16 2.50 8.84
2016-06-30 101.87 3.00 11.64
2016-03-31 111.33 3.50 19.00
2015-12-31 108.13 4.00 19.61
2015-09-30 102.38 4.00 5.20
2015-06-30 102.29 4.00 4.81
2015-03-31 101.70 4.31 6.28
2014-12-31 101.70 4.31 6.28
2013-12-31 89.90 17.94 1.50
2012-12-31 88.79 8.52 9.57
  • Capacent Holding's level of debt (5.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.7% vs 5.6% today).
  • Debt is well covered by operating cash flow (273%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.8x coverage).
X
Financial health checks
We assess Capacent Holding'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. Capacent Holding has a total score of 5/6, 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.

CAPAC Dividends

 What is Capacent Holding'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
6.04%
Current annual income from Capacent Holding dividends. Estimated to be 8.38% next year.
If you bought SEK2,000 of Capacent Holding shares you are expected to receive SEK121 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?
  • Capacent Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.89%).
  • Capacent Holding's dividend is above the markets top 25% of dividend payers in Sweden (4.38%).
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:CAPAC 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 2.5%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 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 4.4%

Industry and Market average data is calculated daily.

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

OM:CAPAC Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 4.70 1.00
2020-12-31 4.40 1.00
2019-12-31 3.40 1.00
OM:CAPAC Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-21 3.000 5.939
2019-02-15 3.000 5.640
2018-03-22 1.000 2.092
2018-02-20 1.000 2.524
2017-03-10 3.000 8.041
2017-02-23 3.000 6.303
2016-04-07 5.000 9.594
2016-03-11 5.000 8.446

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

  • Capacent Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Capacent Holding has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Capacent Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Capacent Holding'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 Capacent Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capacent Holding has a total score of 4/6, see the detailed checks below.


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

CAPAC Management

 What is the CEO of Capacent Holding'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
Edvard Björkenheim
COMPENSATION SEK1,987,000
CEO Bio

Mr. Edvard Björkenheim serves as Chief Executive Officer at Capacent Holding AB (publ) and has been it's President. He was Group Managing Director at since 2014. Mr. Björkenheim has been Managing Director of Capacent Finland since 2008. He was an Advisor at Abovo Consulting and Treasury Dealer at Fazer. He serves as Director at Berner Oy. He holds M.S. in Finance from Hanken Svenska Handelshögskolan in 1995.

CEO Compensation
  • Edvard's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Edvard's remuneration is higher than average for companies of similar size in Sweden.
Management Team

Edvard Björkenheim

TITLE
President & CEO
COMPENSATION
SEK2M

Mattias Ek

TITLE
Chief Financial Officer
AGE
47
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Capacent Holding board of directors in years:

1.9
Average Tenure
55
Average Age
  • The average tenure for the Capacent Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Joakim Hörwing

TITLE
Chairman of the Board
AGE
54
TENURE
0.5 yrs

Per Lindholm

TITLE
Director
COMPENSATION
SEK125K
AGE
75
TENURE
7.5 yrs

Per Granath

TITLE
Director
COMPENSATION
SEK125K
AGE
65
TENURE
3.3 yrs

Cecilia Lager

TITLE
Director
COMPENSATION
SEK125K
AGE
56
TENURE
3.3 yrs

Anna Gernandt

TITLE
Board Member
AGE
38
TENURE
0.5 yrs

Ilgi Duran

TITLE
Director
AGE
32
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Capacent Holding individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
21. May 19 Buy Edvard Björkenheim Individual 20. May 19 20. May 19 3,000 SEK46.00 SEK138,000
X
Management checks
We assess Capacent Holding'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. Capacent Holding 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.

CAPAC News

Simply Wall St News

We Think Capacent Holding (STO:CAPAC) Can Stay On Top Of Its Debt

You can click the graphic below for the historical numbers, but it shows that Capacent Holding had kr6.50m of debt in March 2019, down from kr9.56m, one year before However, its balance sheet shows it holds kr12.0m in cash, so it actually has kr5.52m net cash. … While Capacent Holding has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … During the last three years, Capacent Holding generated free cash flow amounting to a very robust 83% of its EBIT, more than we'd expect.

Simply Wall St -

Is Capacent Holding AB (publ)'s (STO:CAPAC) P/E Ratio Really That Good?

We'll apply a basic P/E ratio analysis to Capacent Holding AB (publ)'s (STO:CAPAC), to help you decide if the stock is worth further research. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Capacent Holding: P/E of 13.72 = SEK49.3 ÷ SEK3.59 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … OM:CAPAC Price Estimation Relative to Market, July 15th 2019 Its relatively low P/E ratio indicates that Capacent Holding shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

How Much Are Capacent Holding AB (publ) (STO:CAPAC) Insiders Spending On Buying Shares?

Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. … Capacent Holding insiders own about kr70m worth of shares (which is 51% of the company). … Once you factor in the high insider ownership, it certainly seems like insiders are positive about Capacent Holding.

Simply Wall St -

Could The Capacent Holding AB (publ) (STO:CAPAC) Ownership Structure Tell Us Something Useful?

With a market capitalization of kr125m, Capacent Holding is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Capacent Holding OM:CAPAC Ownership Summary, June 17th 2019 What Does The Lack Of Institutional Ownership Tell Us About Capacent Holding? … Insider Ownership Of Capacent Holding The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Are Capacent Holding AB (publ)’s (STO:CAPAC) Returns On Investment Worth Your While?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Capacent Holding AB (publ) (STO:CAPAC) A Smart Pick For Income Investors?

Is Capacent Holding AB (publ) (STO:CAPAC) a good dividend stock? … With a four-year payment history and a 5.2% yield, many investors probably find Capacent Holding intriguing. … There are a few simple ways to reduce the risks of buying Capacent Holding for its dividend, and we'll go through these below.

Simply Wall St -

Capacent Holding AB (publ) (STO:CAPAC): What Does The Future Look Like?

The latest earnings update Capacent Holding AB (publ) (STO:CAPAC) released in December 2018a

Simply Wall St -

Does Capacent Holding's (STO:CAPAC) Share Price Gain of 34% Match Its Business Performance?

To wit, the Capacent Holding AB (publ) (STO:CAPAC) share price is 34% higher than it was a year ago, much better than the market return of around 7.2% (not including dividends) in the same period. … Capacent Holding was able to grow EPS by 242% in the last twelve months. … So it seems like the market has cooled on Capacent Holding, despite the growth.

Simply Wall St -

Do You Like Capacent Holding AB (publ) (STO:CAPAC) At This P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use Capacent Holding AB (publ)'s (STO:CAPAC) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Our Take On Capacent Holding AB (publ)'s (STO:CAPAC) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Edvard Björkenheim's Compensation Compare With Similar Sized Companies. … According to our data, Capacent Holding AB (publ) has a market capitalization of kr157m, and pays its CEO total annual compensation worth kr1.9m.

Simply Wall St -

CAPAC Company Info

Description

Capacent Holding AB (publ) provides consulting services to industrial and service companies, B2B and B2C, private equity firms, financial institutions, and public sector entities. Its services include strategy and organization, finance and performance management, operations excellence, working capital management, market and customer excellence, pricing and revenue management, and business analytics. The company was formerly known as ABB Financial Consulting. Capacent Holding AB (publ) is headquartered in Stockholm, Sweden.

Details
Name: Capacent Holding AB (publ)
CAPAC
Exchange: OM
Founded:
SEK133,879,080
2,715,600
Website: http://capacent.com
Address: Capacent Holding AB (publ)
Hamngatan 15,
PO Box 7715,
Stockholm,
Stockholm County, 103 95,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CAPAC Common Shares OMX Nordic Exchange Stockholm SE SEK 02. Oct 2015
Number of employees
Current staff
Staff numbers
0
Capacent Holding employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 00:58
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
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.