OM:INTRUM

Stock Analysis Report

Executive Summary

Intrum AB (publ), together with its subsidiaries, provides credit management and financial services in Europe and internationally.

Snowflake

Fundamentals

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

OM:INTRUM

0.1%

SE Commercial Services

0.2%

SE Market


1 Year Return

-3.8%

OM:INTRUM

-0.9%

SE Commercial Services

-1.9%

SE Market

INTRUM underperformed the Commercial Services industry which returned -0.9% over the past year.

INTRUM underperformed the Market in Sweden which returned -1.9% over the past year.


Share holder returns

INTRUMIndustryMarket
7 Day0.3%0.1%0.2%
30 Day-9.3%-7.7%-3.7%
90 Day-0.5%-4.5%-1.5%
1 Year-0.1%-3.8%2.1%-0.9%2.2%-1.9%
3 Year-5.2%-15.0%10.4%0.7%26.0%7.4%
5 Year24.7%5.6%59.2%34.8%45.6%14.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

19%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Intrum's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Intrum's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Intrum is good value based on earnings compared to the SE Commercial Services industry average.

Intrum is good value based on earnings compared to the Sweden market.


Price Based on Expected Growth

Intrum is good value based on expected growth next year.


Price Based on Value of Assets

Intrum is good value based on assets compared to the SE Commercial Services industry average.


Next Steps

Future Growth

How is Intrum expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

20.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Intrum's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).

Intrum's earnings are expected to grow significantly at over 20% yearly.

Intrum's revenue growth is expected to exceed the Sweden market average.

Intrum's earnings growth is expected to exceed the Sweden market average.

Intrum's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Intrum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Intrum performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Intrum's year on year earnings growth rate has been positive over the past 5 years.

Intrum's 1-year earnings growth is less than its 5-year average (15.6% vs 17.7%)

Intrum's earnings growth has exceeded the SE Commercial Services industry average in the past year (15.6% vs 3.2%).


Return on Equity

Intrum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Intrum used its assets more efficiently than the SE Commercial Services industry average last year based on Return on Assets.


Return on Capital Employed

Intrum's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Intrum's financial position?


Financial Position Analysis

Intrum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Intrum's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Intrum's level of debt (171.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (185.1% vs 171.3% today).

Debt is not well covered by operating cash flow (13.7%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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

5.89%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Intrum's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.93%).

Intrum's dividend is below the markets top 25% of dividend payers in Sweden (4.5%).

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

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Mikael Ericson (59yo)

3.4yrs

Tenure

kr13,131,000

Compensation

Mr. Mikael Ericson has been Chief Executive Officer and President of Lindorff Group AB since June 2017. Mr. Ericson has been the Chief Executive Officer and President of Intrum Justitia AB since March 1, 2 ...


CEO Compensation Analysis

Mikael's remuneration is higher than average for companies of similar size in Sweden.

Mikael's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.8yrs

Average Tenure

49.5yo

Average Age

The tenure for the Intrum management team is about average.


Board Age and Tenure

2.1yrs

Average Tenure

58yo

Average Age

The average tenure for the Intrum board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr971,77403 May 19
Anders Engdahl
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares4,000
Max Pricekr242.94
Buykr490,00003 May 19
Mikael Ericson
EntityIndividual
Role
Chief Executive Officer
CEO & President
Shares2,000
Max Pricekr245.00
Sellkr11,140,00001 Mar 19
Marc Knothe
EntityIndividual
Shares40,000
Max Pricekr278.50
Sellkr11,145,57407 Sep 18
Anders Engdahl
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares50,000
Max Pricekr222.94

Ownership Breakdown


Management Team

  • Mats Gustafsson

    Acting Regional Managing Director of Scandinavia and Director of Group Business Development

    • Tenure: 10.8yrs
  • Mikael Ericson (59yo)

    CEO & President

    • Tenure: 3.4yrs
    • Compensation: kr13.13m
  • Niklas Lundquist (49yo)

    Chief Legal Officer

    • Tenure: 2.2yrs
  • Cathrine Klouman (57yo)

    Chief Operating Officer

    • Tenure: 2.2yrs
  • Johan Brodin (51yo)

    Chief Risk Officer

    • Tenure: 7.8yrs
  • Harry Vranjes (49yo)

    Head of Credit Management Services

    • Tenure: 11.6yrs
  • Jean-Luc Ferraton (46yo)

    Chief Human Resources Officer

    • Tenure: 7.3yrs
  • Anders Engdahl (45yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Anna Fall (50yo)

    Chief Brand & Communications Officer

    • Tenure: 0.8yrs
  • Viktor Lindeberg

    Head of Investor Relations

    • Tenure: 0.1yrs

Board Members

  • Kristoffer Melinder (48yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: kr600.00k
  • Per Larsson (58yo)

    Chairman

    • Tenure: 2.6yrs
    • Compensation: kr1.31m
  • Magnus Yngen (61yo)

    Deputy Chairman

    • Tenure: 2.1yrs
    • Compensation: kr700.00k
  • Ragnhild Wiborg (58yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: kr800.00k
  • Erik Näsvik (44yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: kr600.00k
  • Magdalena Persson (48yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: kr600.00k
  • Hans Torsten Larsson (58yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: kr750.00k
  • Liv Fiksdahl

    Director

    • Tenure: 0.3yrs
  • Andrés Rubio

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: Intrum AB (publ)
  • Ticker: INTRUM
  • Exchange: OM
  • Founded: 1923
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: kr30.365b
  • Shares outstanding: 130.94m
  • Website: https://www.intrum.com

Number of Employees


Location

  • Intrum AB (publ)
  • Hesselmans Torg 14
  • Nacka
  • Stockholm
  • Stockholm County
  • 105 24
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INTRUMOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJun 2002
0H9PLSE (London Stock Exchange)YesShare CapitalGBSEKJun 2002
IJUDB (Deutsche Boerse AG)YesShare CapitalDEEURJun 2002
ITJT.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDMar 2013

Biography

Intrum AB (publ), together with its subsidiaries, provides credit management and financial services in Europe and internationally. The company offers credit optimization services, including credit monitori ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 20:40
End of Day Share Price2019/08/20 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.