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PION

PION Group OM:PION B Stock Report

Last Price

kr11.10

Market Cap

kr522.3m

7D

-5.6%

1Y

-15.6%

Updated

26 Sep, 2022

Data

Company Financials +

PION Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PION Group
Historical stock prices
Current Share Pricekr11.10
52 Week Highkr21.30
52 Week Lowkr11.00
Beta1.45
1 Month Change-11.20%
3 Month Change-15.14%
1 Year Change-15.59%
3 Year Change94.74%
5 Year Change-26.00%
Change since IPO-67.67%

Recent News & Updates

Jun 15
At kr13.14, Is It Time To Put Poolia AB (publ) (STO:POOL B) On Your Watch List?

At kr13.14, Is It Time To Put Poolia AB (publ) (STO:POOL B) On Your Watch List?

While Poolia AB (publ) ( STO:POOL B ) might not be the most widely known stock at the moment, it received a lot of...

Shareholder Returns

PION BSE Professional ServicesSE Market
7D-5.6%-4.2%-5.4%
1Y-15.6%-39.6%-30.2%

Return vs Industry: PION B exceeded the Swedish Professional Services industry which returned -39.6% over the past year.

Return vs Market: PION B exceeded the Swedish Market which returned -30.2% over the past year.

Price Volatility

Is PION B's price volatile compared to industry and market?
PION B volatility
PION B Average Weekly Movement4.5%
Professional Services Industry Average Movement5.7%
Market Average Movement6.9%
10% most volatile stocks in SE Market11.6%
10% least volatile stocks in SE Market4.3%

Stable Share Price: PION B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PION B's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19894,765Jan Bengtssonhttps://www.poolia.se

PION Group AB (publ) operates as a staffing and recruitment company in Sweden, Finland, Norway, and Germany. The company also provides executive search and interim management services. It offers staffing services in the areas of IT, law, life science, sales and marketing, finance, banking and finance, administration, engineering, HR and salary, and purchasing and logistics.

PION Group Fundamentals Summary

How do PION Group's earnings and revenue compare to its market cap?
PION B fundamental statistics
Market Capkr522.31m
Earnings (TTM)kr85.62m
Revenue (TTM)kr2.07b

6.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PION B income statement (TTM)
Revenuekr2.07b
Cost of Revenuekr1.89b
Gross Profitkr177.10m
Other Expenseskr91.49m
Earningskr85.62m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.82
Gross Margin8.55%
Net Profit Margin4.13%
Debt/Equity Ratio0%

How did PION B perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

54%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PION 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 PION B?

Other financial metrics that can be useful for relative valuation.

PION 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/Revenue0.2x
Enterprise Value/EBITDA4.3x
PEG Ratio-53.2x

Price to Earnings Ratio vs Peers

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

PION B PE Ratio vs Peers
The above table shows the PE ratio for PION B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11x
VPAB B Veteranpoolen
15.9xn/akr643.6m
OGUN B Ogunsen
9.2x2.6%kr395.9m
WISE Wise Group
4.5xn/akr293.4m
EWRK Ework Group
14.2x8.3%kr1.6b
PION B PION Group
6.1x-0.1%kr522.3m

Price-To-Earnings vs Peers: PION B is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (11x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PION B is good value based on its Price-To-Earnings Ratio (6.1x) compared to the European Professional Services industry average (17.8x)


Price to Earnings Ratio vs Fair Ratio

What is PION 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.

PION B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: PION B is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).


Share Price vs Fair Value

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

Below Fair Value: PION B (SEK11.08) is trading below our estimate of fair value (SEK69.31)

Significantly Below Fair Value: PION 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 PION Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PION B's earnings are forecast to decline over the next 3 years (-0.1% per year).

Earnings vs Market: PION B's earnings are forecast to decline over the next 3 years (-0.1% per year).

High Growth Earnings: PION B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PION B's revenue (3.4% per year) is forecast to grow slower than the Swedish market (10.6% per year).

High Growth Revenue: PION B's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PION B's Return on Equity is forecast to be high in 3 years time (30.6%)


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Past Performance

How has PION Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PION B has a high level of non-cash earnings.

Growing Profit Margin: PION B's current net profit margins (4.1%) are higher than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: PION B's earnings have grown significantly by 24.2% per year over the past 5 years.

Accelerating Growth: PION B's earnings growth over the past year (139.3%) exceeds its 5-year average (24.2% per year).

Earnings vs Industry: PION B earnings growth over the past year (139.3%) exceeded the Professional Services industry 70.2%.


Return on Equity

High ROE: PION B's Return on Equity (41.3%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is PION Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PION B's short term assets (SEK595.9M) exceed its short term liabilities (SEK465.1M).

Long Term Liabilities: PION B's short term assets (SEK595.9M) exceed its long term liabilities (SEK15.0M).


Debt to Equity History and Analysis

Debt Level: PION B is debt free.

Reducing Debt: PION B has no debt compared to 5 years ago when its debt to equity ratio was 22.8%.

Debt Coverage: PION B has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PION B has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is PION Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.01%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PION B's dividend (9.03%) is higher than the bottom 25% of dividend payers in the Swedish market (1.84%).

High Dividend: PION B's dividend (9.03%) is in the top 25% of dividend payers in the Swedish market (6.07%)


Stability and Growth of Payments

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

Growing Dividend: PION B's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.4%), PION B's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (118.2%), PION B's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.1yrs

Average management tenure


CEO

Jan Bengtsson (55 yo)

4.67yrs

Tenure

kr7,184,000

Compensation

Mr. Jan Bengtsson is VD & CEO at PION Group AB (publ) (formerly known as Poolia AB (publ)) since February 2022. He was President & Chief Executive Officer of PION Group AB (publ) (formerly known as Poolia...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD638.44K) is above average for companies of similar size in the Swedish market ($USD228.30K).

Compensation vs Earnings: Jan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PION B's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: PION B's board of directors are not considered experienced ( 1.7 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.


Recent Insider Transactions

OM:PION B Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Feb 22Buykr106,329Danir Forvaltning AbCompany6,300kr17.00

Ownership Breakdown

What is the ownership structure of PION B?
Owner TypeNumber of SharesOwnership Percentage
VC/PE Firms3,315,6737.0%
Individual Insiders4,979,95710.6%
Institutions7,193,12915.3%
General Public9,935,34421.1%
Private Companies21,715,35746.1%

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


Top Shareholders

Top 22 shareholders own 78.92% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
46.07%
Danir Forvaltning Ab
21,715,357SEK241.0m0%no data
7.03%
AB Traction
3,315,673SEK36.8m0%2.62%
6.92%
Avanza Fonder AB
3,263,907SEK36.2m0%0.1%
5.05%
Thomas Krishan
2,381,730SEK26.4m39.96%no data
3.84%
Nordnet AB (publ), Asset Management Arm
1,809,057SEK20.1m0%0.3%
2.38%
Fredrik Palmstierna
1,122,077SEK12.5m0%no data
2.31%
Skandinaviska Enskilda Banken AB, Private Banking, Investment Banking, and Insurance Arm
1,089,947SEK12.1m0%0.02%
1.23%
Nordea Investment Management AB
580,221SEK6.4m0%no data
1.06%
Ann Stillström
500,000SEK5.6m0%no data
1.06%
Peter Lindell
500,000SEK5.6m0%no data
0.76%
Jan Bengtsson
360,000SEK4.0m0%no data
0.59%
Xact Kapitalförvaltning AB
280,019SEK3.1m0%no data
0.28%
FCG Fonder AB
134,300SEK1.5m0%0.07%
0.085%
Annette Rampe
40,000SEK444.0k0%no data
0.07%
Jonas Nilsson
33,150SEK368.0k0%no data
0.036%
Eva Gidlof
17,000SEK188.7k0%no data
0.033%
Elite Fund Management Ltd
15,764SEK175.0k0%0.12%
0.032%
Anna-Carin Agius
15,000SEK166.5k0%no data
0.027%
Acadian Asset Management LLC
12,621SEK140.1k0%no data
0.021%
Jennie Sinclair
10,000SEK111.0k0%no data
0.015%
Catella FondfÖRvaltning Ab
7,293SEK81.0k0%no data
0.0021%
Claes Gellstrup
1,000SEK11.1k0%no data

Company Information

PION Group AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: PION Group AB (publ)
  • Ticker: PION B
  • Exchange: OM
  • Founded: 1989
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: kr522.305m
  • Shares outstanding: 47.14m
  • Website: https://www.poolia.se

Number of Employees


Location

  • PION Group AB (publ)
  • Torsgatan 11
  • Box 207
  • Stockholm
  • Stockholm County
  • 101 24
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PION BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKAug 1999
PXOBST (Boerse-Stuttgart)YesSeries B SharesDEEURAug 1999
0GSBLSE (London Stock Exchange)YesSeries B SharesGBSEKAug 1999
PIONBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKAug 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 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.