OM:ELAN B

Stock Analysis Report

Executive Summary

Elanders AB (publ), through its subsidiaries, provides supply chain management, print and packaging, and e-commerce solutions.

Snowflake

Fundamentals

Undervalued with proven track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.6%

ELAN B

3.2%

SE Commercial Services

2.9%

SE Market


1 Year Return

-9.5%

ELAN B

13.2%

SE Commercial Services

9.0%

SE Market

Return vs Industry: ELAN B underperformed the Swedish Commercial Services industry which returned 13.2% over the past year.

Return vs Market: ELAN B underperformed the Swedish Market which returned 9% over the past year.


Share holder returns

ELAN BIndustryMarket
7 Day-1.6%3.2%2.9%
30 Day-8.5%0.7%-0.4%
90 Day-13.0%-2.8%0.3%
1 Year-6.6%-9.5%16.7%13.2%13.7%9.0%
3 Year-21.4%-28.2%14.6%4.7%30.5%11.1%
5 Year190.2%132.8%77.6%50.4%66.0%30.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ELAN B (SEK75.2) is trading below our estimate of fair value (SEK236.33)

Significantly Undervalued: ELAN B is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: ELAN B is good value based on its PE Ratio (9.3x) compared to the Commercial Services industry average (16.7x).

PE vs Market: ELAN B is good value based on its PE Ratio (9.3x) compared to the Swedish market (16.7x).


Price Based on Expected Growth

Low PEG Ratio: ELAN B is poor value based on its PEG Ratio (1x)


Price Based on Value of Assets

PB vs Industry: ELAN B is good value based on its PB Ratio (1x) compared to the SE Commercial Services industry average (1.6x).


Next Steps

Future Growth

How is Elanders expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: ELAN B's forecast earnings growth (9.1% per year) is above the savings rate (0.4%).

Earnings vs Market: ELAN B's earnings (9.1% per year) are forecast to grow faster than the Swedish market (8.7% per year).

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

Revenue vs Market: ELAN B's revenue (4.1% per year) is forecast to grow slower than the Swedish market (4.5% per year).

High Growth Revenue: ELAN B's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: ELAN B's Return on Equity is forecast to be low in 3 years time (11%).


Next Steps

Past Performance

How has Elanders performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ELAN B's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: ELAN B's earnings growth over the past year (118.2%) exceeds its 5-year average (17.6% per year).

Earnings vs Industry: ELAN B earnings growth over the past year (118.2%) exceeded the Commercial Services industry 1.3%.


Return on Equity

High ROE: ELAN B's Return on Equity (10.5%) is considered low.


Return on Assets

ROA vs Industry: ELAN B has a higher Return on Assets than the Commercial Services industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Elanders's financial position?


Financial Position Analysis

Short Term Liabilities: ELAN B's short term assets (SEK3.4B) exceeds its short term liabilities (SEK2.9B)

Long Term Liabilities: ELAN B's short term assets (3.4B) do not cover its long term liabilities (4.1B)


Debt to Equity History and Analysis

Debt Level: ELAN B's debt to equity ratio (185.9%) is considered high

Reducing Debt: ELAN B's debt to equity ratio has increased from 109% to 185.9% over the past 5 years.

Debt Coverage: ELAN B's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: ELAN B's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet

Inventory Level: ELAN B has a high level of physical assets or inventory.

Debt Coverage by Assets: ELAN B's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

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

4.83%

Expected Dividend Yield


Dividend Yield vs Market

company3.9%marketbottom25%1.8%markettop25%4.8%industryaverage2.9%forecastin3Years4.8%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: ELAN B's dividend (3.86%) is higher than the bottom 25% of dividend payers in the Swedish market (1.8%).

High Dividend: ELAN B's dividend (3.86%) is low compared to the top 25% of dividend payers in the Swedish market (4.84%).

Stable Dividend: Whilst dividend payments have been stable, ELAN B has been paying a dividend for less than 10 years.

Growing Dividend: ELAN B's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.7%), ELAN B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELAN B's dividends in 3 years are forecast to be well covered by earnings (36.4% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Magnus Nilsson (53yo)

10.3yrs

Tenure

0

Mr. Magnus Nilsson has been Chief Executive Officer and President of Elanders AB (publ) since June 2009. Mr. Nilsson was Acting President of E-Commerce Solutions at Elanders AB (publ) since August 2017 un ...


CEO Compensation Analysis

Compensation vs. Market: Magnus's total compensation ($USD0.00) is too low to compare against companies of similar size in the Swedish market ($USD324.85K).

Compensation vs Earnings: Magnus's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

60.5yo

Average Age

Experienced Management: ELAN B's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

5.4yrs

Average Tenure

59yo

Average Age

Experienced Board: ELAN B's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr119,66011 Jun 19
Caroline Sundewall
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,334
Max Pricekr89.70

Ownership Breakdown


Management Team

  • Lars-Göran Rundqvist (67yo)

    Marketing Director and Divisional Manager

    • Tenure: 0yrs
  • Monica Banck (65yo)

    Human Resource Director

    • Tenure: 0yrs
  • Kok Lim (64yo)

    President of Supply Chain Solutions - Mentor Media

    • Tenure: 0yrs
  • Peter Sommer (62yo)

    President of Print & Packaging Solutions

    • Tenure: 0yrs
  • Magnus Nilsson (53yo)

    President

    • Tenure: 10.3yrs
  • Andréas Wikner (48yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Annika Bohlin

    Group Financial Controller

    • Tenure: 0yrs
  • Eckhard Busch (59yo)

    Senior Vice President of Supply Chain Solutions - LGI

    • Tenure: 2.8yrs
  • Kevin Rogers (50yo)

    President of Global Sales

    • Tenure: 0.3yrs
  • Bernd Schwenger

    President of Supply Chain Solutions - LGI

    • Tenure: 0.8yrs

Board Members

  • Erik Gabrielson (57yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: kr381.00k
  • Carl Bennet (68yo)

    Chairman

    • Tenure: 22.8yrs
    • Compensation: kr762.00k
  • Caroline Sundewall (61yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: kr415.00k
  • Pam Fredman (69yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: kr381.00k
  • Johan Stern (68yo)

    Deputy Chairman

    • Tenure: 0yrs
    • Compensation: kr521.00k
  • Cecilia Lager (56yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: kr415.00k
  • Anne Lenerius (63yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: kr415.00k
  • Magnus Nilsson (53yo)

    President

    • Tenure: 10.3yrs
  • Linus Karlsson (51yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: kr381.00k
  • Martin Schubach (45yo)

    Employee Representative Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Elanders AB (publ)
  • Ticker: ELAN B
  • Exchange: OM
  • Founded: 1908
  • Industry: Commercial Printing
  • Sector: Commercial Services
  • Market Cap: kr2.659b
  • Shares outstanding: 35.36m
  • Website: https://www.elanders.com

Number of Employees


Location

  • Elanders AB (publ)
  • Flöjelbergsgatan 1C
  • Mölndal
  • Västra Götaland County
  • 431 35
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELAN BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKAug 1992
0JBYLSE (London Stock Exchange)YesClass B SharesGBSEKAug 1992
ELANBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKAug 1992

Biography

Elanders AB (publ), through its subsidiaries, provides supply chain management, print and packaging, and e-commerce solutions. It offers global order management services; sourcing and procurement services; ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 20:41
End of Day Share Price2019/10/11 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.

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