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ME

Modern Ekonomi Sverige Holding OM:ME Stock Report

Last Price

kr8.41

Market Cap

kr124.2m

7D

-12.7%

1Y

-50.2%

Updated

06 Oct, 2022

Data

Company Financials
ME fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends0/6

ME Stock Overview

Modern Ekonomi Sverige Holding AB (publ) offers accounting and Bookkeeping services in Sweden.

Modern Ekonomi Sverige Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Modern Ekonomi Sverige Holding
Historical stock prices
Current Share Pricekr8.41
52 Week Highkr33.60
52 Week Lowkr8.05
Beta0.64
1 Month Change-14.53%
3 Month Change-16.24%
1 Year Change-50.24%
3 Year Change180.33%
5 Year Change110.25%
Change since IPO5.13%

Recent News & Updates

Feb 15
What Does Modern Ekonomi Sverige Holding's (STO:ME) CEO Pay Reveal?

What Does Modern Ekonomi Sverige Holding's (STO:ME) CEO Pay Reveal?

Frans Blom has been the CEO of Modern Ekonomi Sverige Holding AB (publ) ( STO:ME ) since 2014, and this article will...

Shareholder Returns

MESE Professional ServicesSE Market
7D-12.7%4.9%4.6%
1Y-50.2%-37.2%-26.2%

Return vs Industry: ME underperformed the Swedish Professional Services industry which returned -37.1% over the past year.

Return vs Market: ME underperformed the Swedish Market which returned -25.4% over the past year.

Price Volatility

Is ME's price volatile compared to industry and market?
ME volatility
ME Average Weekly Movement9.0%
Professional Services Industry Average Movement5.9%
Market Average Movement7.0%
10% most volatile stocks in SE Market11.5%
10% least volatile stocks in SE Market4.4%

Stable Share Price: ME is more volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ME's weekly volatility has decreased from 21% to 9% over the past year, but is still higher than 75% of Swedish stocks.

About the Company

FoundedEmployeesCEOWebsite
200393Jens-Oskar Goranssonhttps://www.modernekonomi.se

Modern Ekonomi Sverige Holding AB (publ) offers accounting and Bookkeeping services in Sweden. The company offers Modern Aktiebok to establish and maintain a share register with a list of the company's shares and its owners; Modern Avtalshantering, which gives control of contract expiration and the system's alarm function; Modern Online, a platform that enables access to company’s business system; Modern Presentation, a digital service that offers control and overview of the company's financials; Modern Scanning that digitalizes supplier invoices; and Modern Utlagg & Resa, which handles expenses and remuneration. It also provides Modern Frilans, which allows billing and monitoring of invoices, debt collection, salary administration, and payment of salary to account; ME finans, which allows the user to send discount invoices; ME Inkasso, where the user can manage debt collection cases; and ME Konsult that helps customers in various phases, such as capital needs, management, changes in ownership structure, and changes in capital.

Modern Ekonomi Sverige Holding Fundamentals Summary

How do Modern Ekonomi Sverige Holding's earnings and revenue compare to its market cap?
ME fundamental statistics
Market Capkr124.25m
Earnings (TTM)kr976.00k
Revenue (TTM)kr89.99m

127.3x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ME income statement (TTM)
Revenuekr89.99m
Cost of Revenuekr79.96m
Gross Profitkr10.03m
Other Expenseskr9.06m
Earningskr976.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.066
Gross Margin11.15%
Net Profit Margin1.08%
Debt/Equity Ratio115.1%

How did ME perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ME undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ME?

Other financial metrics that can be useful for relative valuation.

ME key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA52.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ME's PE Ratio compare to its peers?

ME PE Ratio vs Peers
The above table shows the PE ratio for ME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.3x
VIMAB Vimab Group
1.2xn/akr146.6m
EURO Eurocon Consulting
10.1x5.5%kr279.2m
PENG B Projektengagemang Sweden
16.5x39.5%kr316.8m
NOVU Novus Group International
9.6xn/akr43.6m
ME Modern Ekonomi Sverige Holding
127.3xn/akr124.2m

Price-To-Earnings vs Peers: ME is expensive based on its Price-To-Earnings Ratio (127.3x) compared to the peer average (9.3x).


Price to Earnings Ratio vs Industry

How does ME's PE Ratio compare vs other companies in the European Professional Services Industry?

Price-To-Earnings vs Industry: ME is expensive based on its Price-To-Earnings Ratio (127.3x) compared to the European Professional Services industry average (17.1x)


Price to Earnings Ratio vs Fair Ratio

What is ME's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ME PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio127.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ME's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ME when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ME's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ME's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Modern Ekonomi Sverige Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.4%

Forecasted Commercial Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Modern Ekonomi Sverige Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Take a look at our analysis of ME’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Modern Ekonomi Sverige Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Modern Ekonomi Sverige Holding performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


72.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ME has high quality earnings.

Growing Profit Margin: ME's current net profit margins (1.1%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: ME has become profitable over the past 5 years, growing earnings by 72.3% per year.

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

Earnings vs Industry: ME had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Professional Services industry average (70.2%).


Return on Equity

High ROE: ME's Return on Equity (7.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Modern Ekonomi Sverige Holding's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ME's short term assets (SEK59.1M) exceed its short term liabilities (SEK36.0M).

Long Term Liabilities: ME's short term assets (SEK59.1M) exceed its long term liabilities (SEK15.0M).


Debt to Equity History and Analysis

Debt Level: ME's net debt to equity ratio (109%) is considered high.

Reducing Debt: ME's debt to equity ratio has increased from 106.5% to 115.1% over the past 5 years.

Debt Coverage: ME's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ME's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


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Dividend

What is Modern Ekonomi Sverige Holding current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Modern Ekonomi Sverige Holding Dividend Yield vs Market
How does Modern Ekonomi Sverige Holding dividend yield compare to the market?
SegmentDividend Yield
Company (Modern Ekonomi Sverige Holding)n/a
Market Bottom 25% (SE)1.8%
Market Top 25% (SE)6.0%
Industry Average (Professional Services)5.9%
Analyst forecast in 3 Years (Modern Ekonomi Sverige Holding)n/a

Notable Dividend: Unable to evaluate ME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ME's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ME's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ME's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ME has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Jens-Oskar Goransson (41 yo)

2.75yrs

Tenure

Mr. Jens-Oskar Goransson is CEO of Modern Ekonomi Sverige Holding AB (publ) from 2021. Jens-Oskar Goransson is Director of Modern Ekonomi Sverige Holding AB (publ) from 2020.


Leadership Team

Experienced Management: ME's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: ME's board of directors are not considered experienced ( 2.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of ME?
Owner TypeNumber of SharesOwnership Percentage

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

Company Information

Modern Ekonomi Sverige Holding AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Modern Ekonomi Sverige Holding AB (publ)
  • Ticker: ME
  • Exchange: OM
  • Founded: 2003
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: kr124.249m
  • Shares outstanding: 14.77m
  • Website: https://www.modernekonomi.se

Number of Employees


Location

  • Modern Ekonomi Sverige Holding AB (publ)
  • Munkgatan 7
  • Västerås
  • Västmanland County
  • 722 12
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MEOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKFeb 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.