OM:LAMM B

Stock Analysis Report

Executive Summary

Lammhults Design Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells office and home, and public interiors in Sweden and internationally.

Snowflake

Fundamentals

Very undervalued with flawless balance sheet.

Share Price & News

How has Lammhults Design Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

LAMM B

1.9%

SE Commercial Services

1.9%

SE Market


1 Year Return

25.1%

LAMM B

13.6%

SE Commercial Services

9.6%

SE Market

Return vs Industry: LAMM B exceeded the Swedish Commercial Services industry which returned 13.6% over the past year.

Return vs Market: LAMM B exceeded the Swedish Market which returned 9.6% over the past year.


Shareholder returns

LAMM BIndustryMarket
7 Day0.8%1.9%1.9%
30 Day-3.7%0.1%-0.3%
90 Day3.5%-2.6%0.7%
1 Year30.7%25.1%17.1%13.6%14.3%9.6%
3 Year1.5%-7.4%15.1%5.2%31.5%11.9%
5 Year83.7%55.3%77.1%49.9%66.2%30.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Lammhults Design Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: LAMM B (SEK52.8) is trading below our estimate of fair value (SEK240.71)

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


Price To Earnings Ratio

PE vs Industry: LAMM B is good value based on its PE Ratio (16.2x) compared to the Commercial Services industry average (17.1x).

PE vs Market: LAMM B is good value based on its PE Ratio (16.2x) compared to the Swedish market (16.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: LAMM B is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: LAMM B is good value based on its PB Ratio (0.9x) compared to the SE Commercial Services industry average (1.6x).


Next Steps

Future Growth

How is Lammhults Design Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

20.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAMM B's forecast earnings growth (20.7% per year) is above the savings rate (0.4%).

Earnings vs Market: LAMM B's earnings (20.7% per year) are forecast to grow faster than the Swedish market (8.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LAMM B's revenue (3% per year) is forecast to grow slower than the Swedish market (4.5% per year).

High Growth Revenue: LAMM B's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: LAMM B's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has Lammhults Design Group performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LAMM B's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: LAMM B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LAMM B had negative earnings growth (-18.8%) over the past year, making it difficult to compare to the Commercial Services industry average (1.3%).


Return on Equity

High ROE: LAMM B's Return on Equity (5.8%) is considered low.


Return on Assets

ROA vs Industry: LAMM B's Return on Assets is below or equal to the Commercial Services industry average last year.


Return on Capital Employed

ROCE Improving: LAMM B has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Lammhults Design Group's financial position?


Financial Position Analysis

Short Term Liabilities: LAMM B's short term assets (SEK345.1M) exceeds its short term liabilities (SEK338.1M)

Long Term Liabilities: LAMM B's short term assets (345.1M) exceeds its long term liabilities (121.6M)


Debt to Equity History and Analysis

Debt Level: LAMM B's debt to equity ratio (33.5%) is considered satisfactory

Reducing Debt: LAMM B's debt to equity ratio has reduced from 36.6% to 33.5% over the past 5 years.

Debt Coverage: LAMM B's debt is well covered by operating cash flow (51.5%).

Interest Coverage: LAMM B's interest payments on its debt are well covered by EBIT (14x coverage).


Balance Sheet

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

Debt Coverage by Assets: LAMM B's debt is covered by short term assets (assets are 2.158220x debt).


Next Steps

Dividend

What is Lammhults Design Group's current dividend yield, its reliability and sustainability?

3.79%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Lammhults Design Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.8%marketbottom25%1.8%markettop25%4.8%industryaverage3.1%forecastin3Years5.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LAMM B's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Swedish market (1.79%).

High Dividend: LAMM B's dividend (3.79%) is low compared to the top 25% of dividend payers in the Swedish market (4.78%).

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

Growing Dividend: LAMM B's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.2%), LAMM B's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LAMM B's dividends in 3 years are forecast to be well covered by earnings (39.1% payout ratio).


Next Steps

Management

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

5.6yrs

Average board tenure


CEO

Sofia Svensson (41yo)

1.1yrs

Tenure

kr120,000

Compensation

Ms. Sofia Svensson serves as Vice President and Chief Financial Officer for Midway Holding AB. Ms. Svensson served as the Head of Business Development at Midway Holding AB. She has been with Midway Holding ...


Board Age and Tenure

5.6yrs

Average Tenure

55.5yo

Average Age

Experienced Board: LAMM B's board of directors are considered experienced (5.6 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

Sellkr45,30016 May 19
Jimmy Persson
EntityIndividual
Shares1,000
Max Pricekr45.30

Ownership Breakdown


Management Team

  • Daniel Tell (54yo)

    Chief Financial Officer

    • Tenure: 0.2yrs
  • Sofia Svensson (41yo)

    CEO & President

    • Tenure: 1.1yrs
    • Compensation: kr120.00k

Board Members

  • Anders Pålsson (61yo)

    Independent Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: kr360.00k
  • Jörgen Ekdahl (59yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: kr205.00k
  • Maria Arvidsson Bergving (50yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: kr180.00k
  • Susanna Hilleskog (56yo)

    Director

    • Tenure: 0.8yrs
  • Peter Conradsson (43yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: kr180.00k
  • Stina Wickström (55yo)

    Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Lammhults Design Group AB (publ)
  • Ticker: LAMM B
  • Exchange: OM
  • Founded: 1945
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: kr446.060m
  • Shares outstanding: 8.45m
  • Website: https://www.lammhultsdesigngroup.com

Number of Employees


Location

  • Lammhults Design Group AB (publ)
  • Lammengatan 2
  • Box 75
  • Lammhult
  • Kronoberg County
  • 363 03
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAMM BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJun 1997
LAMMBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKJun 1997

Biography

Lammhults Design Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells office and home, and public interiors in Sweden and internationally. It operates through Public  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:40
End of Day Share Price2019/10/14 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.