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PENG

Projektengagemang Sweden OM:PENG B Stock Report

Last Price

kr12.35

Market Cap

kr303.3m

7D

0%

1Y

-44.4%

Updated

01 Oct, 2022

Data

Company Financials +
PENG B fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance1/6
Financial Health4/6
Dividends3/6

PENG B Stock Overview

Projektengagemang Sweden AB (publ) operates as an engineering and architecture consulting firm in Sweden.

Projektengagemang Sweden Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Projektengagemang Sweden
Historical stock prices
Current Share Pricekr12.35
52 Week Highkr24.40
52 Week Lowkr11.30
Beta0.81
1 Month Change-11.15%
3 Month Change-31.20%
1 Year Change-44.37%
3 Year Change-31.01%
5 Year Changen/a
Change since IPO-73.73%

Recent News & Updates

Sep 24
Is Projektengagemang Sweden (STO:PENG B) Using Too Much Debt?

Is Projektengagemang Sweden (STO:PENG B) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jul 20
Earnings Miss: Projektengagemang Sweden AB (publ) Missed EPS By 39% And Analysts Are Revising Their Forecasts

Earnings Miss: Projektengagemang Sweden AB (publ) Missed EPS By 39% And Analysts Are Revising Their Forecasts

Projektengagemang Sweden AB (publ) ( STO:PENG B ) missed earnings with its latest quarterly results, disappointing...

Shareholder Returns

PENG BSE Professional ServicesSE Market
7D0%-1.3%0.5%
1Y-44.4%-38.6%-27.6%

Return vs Industry: PENG B underperformed the Swedish Professional Services industry which returned -38.6% over the past year.

Return vs Market: PENG B underperformed the Swedish Market which returned -27.6% over the past year.

Price Volatility

Is PENG B's price volatile compared to industry and market?
PENG B volatility
PENG B Average Weekly Movement6.6%
Professional Services Industry Average Movement5.9%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market4.3%

Stable Share Price: PENG B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PENG B's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006825Helena Hedhttps://www.pe.se

Projektengagemang Sweden AB (publ) operates as an engineering and architecture consulting firm in Sweden. It offers architecture services, such as house and landscape architecture, interior and lighting design, town planning, visualization, and inspections services; building services, including building design, acoustics, and geotechnics and surveying, as well as energy, environment, and sustainability services; and fire safety and risk management, fire risk management and client support, underwriting support, sprinkler systems, protection, and inspection services. The company also provides electrical, telecommunications, and safety services comprising electrical, power, and telecommunications and communications services; reserve power and UPS, security, sprinkler and extinguisher, lighting, lifts and transport, electrical and lightning protection, and AV and multimedia systems; and inspections, property automation, control and monitoring, estimates, telesystems, fire protection, risk analysis, construction inspections, energy efficiency improvements, thermographing, and network analysis services.

Projektengagemang Sweden Fundamentals Summary

How do Projektengagemang Sweden's earnings and revenue compare to its market cap?
PENG B fundamental statistics
Market Capkr303.26m
Earnings (TTM)kr19.23m
Revenue (TTM)kr948.94m

15.8x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PENG B income statement (TTM)
Revenuekr948.94m
Cost of Revenuekr179.62m
Gross Profitkr769.32m
Other Expenseskr750.09m
Earningskr19.23m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 28, 2022

Earnings per share (EPS)0.78
Gross Margin81.07%
Net Profit Margin2.03%
Debt/Equity Ratio50.2%

How did PENG B perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 PENG B?

Other financial metrics that can be useful for relative valuation.

PENG B 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/Revenue0.6x
Enterprise Value/EBITDA8.7x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does PENG B's PE Ratio compare to its peers?

PENG B PE Ratio vs Peers
The above table shows the PE ratio for PENG B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average43.9x
EURO Eurocon Consulting
9.7x5.5%kr266.1m
VIMAB Vimab Group
1.2xn/akr146.3m
ME Modern Ekonomi Sverige Holding
145.5xn/akr142.0m
SEMC Semcon
19.2x10.1%kr2.8b
PENG B Projektengagemang Sweden
15.8x39.5%kr303.3m

Price-To-Earnings vs Peers: PENG B is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (43.9x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PENG B is good value based on its Price-To-Earnings Ratio (15.8x) compared to the European Professional Services industry average (17.5x)


Price to Earnings Ratio vs Fair Ratio

What is PENG B'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.

PENG B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: PENG B is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).


Share Price vs Fair Value

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

Below Fair Value: PENG B (SEK12.35) is trading below our estimate of fair value (SEK125.47)

Significantly Below Fair Value: PENG B is trading below fair value by more than 20%.


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 Projektengagemang Sweden forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PENG B's forecast earnings growth (39.5% per year) is above the savings rate (0.4%).

Earnings vs Market: PENG B's earnings (39.5% per year) are forecast to grow faster than the Swedish market (16.9% per year).

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

Revenue vs Market: PENG B's revenue (4.1% per year) is forecast to grow slower than the Swedish market (10.8% per year).

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PENG B's Return on Equity is forecast to be low in 3 years time (8.3%).


Discover growth companies

Past Performance

How has Projektengagemang Sweden performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PENG B has a large one-off loss of SEK15.4M impacting its June 30 2022 financial results.

Growing Profit Margin: PENG B's current net profit margins (2%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: PENG B has become profitable over the past 5 years, growing earnings by -8% per year.

Accelerating Growth: PENG 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: PENG B had negative earnings growth (-23.5%) over the past year, making it difficult to compare to the Professional Services industry average (70.2%).


Return on Equity

High ROE: PENG B's Return on Equity (3.4%) is considered low.


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Financial Health

How is Projektengagemang Sweden's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PENG B's short term assets (SEK289.2M) exceed its short term liabilities (SEK252.4M).

Long Term Liabilities: PENG B's short term assets (SEK289.2M) exceed its long term liabilities (SEK223.0M).


Debt to Equity History and Analysis

Debt Level: PENG B's net debt to equity ratio (49.5%) is considered high.

Reducing Debt: PENG B's debt to equity ratio has reduced from 70.2% to 50.2% over the past 5 years.

Debt Coverage: PENG B's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: PENG B's interest payments on its debt are well covered by EBIT (7.2x coverage).


Balance Sheet


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Dividend

What is Projektengagemang Sweden current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.24%

Current Dividend Yield

Dividend Yield vs Market

Projektengagemang Sweden Dividend Yield vs Market
How does Projektengagemang Sweden dividend yield compare to the market?
SegmentDividend Yield
Company (Projektengagemang Sweden)3.2%
Market Bottom 25% (SE)1.8%
Market Top 25% (SE)6.1%
Industry Average (Professional Services)6.1%
Analyst forecast in 3 Years (Projektengagemang Sweden)8.1%

Notable Dividend: PENG B's dividend (3.24%) is higher than the bottom 25% of dividend payers in the Swedish market (1.82%).

High Dividend: PENG B's dividend (3.24%) is low compared to the top 25% of dividend payers in the Swedish market (6.14%).


Stability and Growth of Payments

Stable Dividend: PENG B has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PENG B has only been paying a dividend for 3 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.7%), PENG B's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (22.4%), PENG B's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Helena Hed (47 yo)

1.75yrs

Tenure

kr3,878,000

Compensation

Ms. Helena Head serves as President and Chief Executive Officer of Projektengagemang Sweden AB (publ) since December 1, 2020. She has worked in various managerial roles within the Sweco Group and most rece...


CEO Compensation Analysis

Helena Hed's Compensation vs Projektengagemang Sweden Earnings
How has Helena Hed's remuneration changed compared to Projektengagemang Sweden's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr19m

Mar 31 2022n/an/a

kr23m

Dec 31 2021kr4mkr3m

kr20m

Sep 30 2021n/an/a

kr24m

Jun 30 2021n/an/a

kr25m

Mar 31 2021n/an/a

kr31m

Dec 31 2020kr3mkr250k

kr38m

Compensation vs Market: Helena's total compensation ($USD349.21K) is above average for companies of similar size in the Swedish market ($USD214.70K).

Compensation vs Earnings: Helena's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: PENG B's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: PENG B's board of directors are considered experienced (4.7 years average tenure).


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.


Recent Insider Transactions

OM:PENG B Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
03 Jun 22Buykr396,000Helena HedIndividual22,000kr18.00
31 Mar 22Buykr4,712,501Lagerstedt & Krantz AbCompany250,000kr18.85
29 Nov 21Buykr108,800Helena HedIndividual5,000kr21.76

Ownership Breakdown

What is the ownership structure of PENG B?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders817,6003.3%
Private Companies1,884,3447.7%
Institutions5,662,32823.1%
General Public16,191,40565.9%

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


Top Shareholders

Top 15 shareholders own 34.06% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.87%
Protector Forsikring ASA, Asset Management Arm
3,159,489SEK39.0m0%3.38%
9.34%
Investment AB Öresund (publ)
2,294,622SEK28.3m0%0.95%
7.67%
Lagerstedt & Krantz Ab
1,884,344SEK23.3m0%no data
1.5%
Peter Sandberg
367,250SEK4.5m0%no data
0.66%
Lars Blom
161,963SEK2.0m0%no data
0.49%
Xact Kapitalförvaltning AB
119,718SEK1.5m0%no data
0.41%
Per-Arne Gustavsson
100,000SEK1.2m0%no data
0.39%
Nicke Rydgren
95,873SEK1.2m0%no data
0.28%
FCG Fonder AB
69,473SEK858.0k0%0.04%
0.25%
Helena Hed
62,000SEK765.7k47.62%no data
0.074%
Mathias Thorsson
18,090SEK223.4k0%no data
0.057%
SEB Investment Management AB
14,026SEK173.2k0%no data
0.032%
Jon Risfelt
7,924SEK97.9k0%no data
0.02%
Catella FondfÖRvaltning Ab
5,000SEK61.8k0%no data
0.018%
Christina Ragsten
4,500SEK55.6k0%no data

Company Information

Projektengagemang Sweden AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Projektengagemang Sweden AB (publ)
  • Ticker: PENG B
  • Exchange: OM
  • Founded: 2006
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: kr303.263m
  • Shares outstanding: 24.56m
  • Website: https://www.pe.se

Number of Employees


Location

  • Projektengagemang Sweden AB (publ)
  • Årstaängsvägen 11
  • Box 47146
  • Stockholm
  • Stockholm County
  • 100 74
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PENG BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJun 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 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.