OM:REJL B

Stock Analysis Report

Executive Summary

Rejlers AB (publ) provides technical consultancy services to various customers in the construction and property, energy, industry, and infrastructure sectors.

Snowflake

Fundamentals

Excellent balance sheet and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

REJL B

0.4%

SE Professional Services

2.1%

SE Market


1 Year Return

60.3%

REJL B

6.1%

SE Professional Services

12.1%

SE Market

Return vs Industry: REJL B exceeded the Swedish Professional Services industry which returned 6.1% over the past year.

Return vs Market: REJL B exceeded the Swedish Market which returned 12.1% over the past year.


Shareholder returns

REJL BIndustryMarket
7 Day-1.4%0.4%2.1%
30 Day-3.7%-4.9%1.6%
90 Day23.8%-7.7%3.8%
1 Year62.3%60.3%18.5%6.1%16.8%12.1%
3 Year35.5%12.8%43.9%20.1%32.3%12.4%
5 Year53.6%22.7%122.3%74.2%62.9%28.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Rejlers undervalued compared to its fair value and its price relative to the market?

45.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: REJL B (SEK105.5) is trading below our estimate of fair value (SEK193.7)

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


Price To Earnings Ratio

PE vs Industry: REJL B is poor value based on its PE Ratio (25.6x) compared to the Professional Services industry average (15.3x).

PE vs Market: REJL B is poor value based on its PE Ratio (25.6x) compared to the Swedish market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: REJL B is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: REJL B is good value based on its PB Ratio (2.5x) compared to the SE Professional Services industry average (2.6x).


Next Steps

Future Growth

How is Rejlers forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

30.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: REJL B's forecast earnings growth (30% per year) is above the savings rate (0.4%).

Earnings vs Market: REJL B's earnings (30% per year) are forecast to grow faster than the Swedish market (9.3% per year).

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

Revenue vs Market: REJL B's revenue (10% per year) is forecast to grow faster than the Swedish market (4.5% per year).

High Growth Revenue: REJL B's revenue (10% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: REJL B's Return on Equity is forecast to be low in 3 years time (17.3%).


Next Steps

Past Performance

How has Rejlers performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: REJL B's earnings have declined by -13.2% per year over the past 5 years.

Accelerating Growth: REJL B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: REJL B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Professional Services industry (-10.2%).


Return on Equity

High ROE: REJL B's Return on Equity (10%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Rejlers's financial position?


Financial Position Analysis

Short Term Liabilities: REJL B's short term assets (SEK797.2M) exceeds its short term liabilities (SEK594.6M)

Long Term Liabilities: REJL B's short term assets (797.2M) exceeds its long term liabilities (385.9M)


Debt to Equity History and Analysis

Debt Level: REJL B's debt to equity ratio (17.2%) is considered satisfactory

Reducing Debt: Insufficient data to determine if REJL B's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: REJL B's debt is well covered by operating cash flow (143.1%).

Interest Coverage: REJL B's interest payments on its debt are well covered by EBIT (18.3x coverage).


Balance Sheet

Inventory Level: REJL B has a low level of unsold assets or inventory.

Debt Coverage by Assets: REJL B's debt is covered by short term assets (assets are 6.175050x debt).


Next Steps

Dividend

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

0.95%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.8%markettop25%4.6%industryaverage2.8%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: REJL B's dividend (0.95%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.81%).

High Dividend: REJL B's dividend (0.95%) is low compared to the top 25% of dividend payers in the Swedish market (4.65%).

Stable Dividend: REJL B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: REJL B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: REJL B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of REJL B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Viktor Svensson (44yo)

1.7yrs

Tenure

0

Mr. Viktor Svensson is President and CEO of Rejlers AB since February 22, 2018. Mr. Svensson is the Acting CEO of Rejlers Sverige AB since March 23, 2018. He was Divisional Manager of Technology at ÅF AB a ...


Management Age and Tenure

1.1yrs

Average Tenure

53yo

Average Age

Experienced Management: REJL B's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

53.5yo

Average Age

Experienced Board: REJL B's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: REJL B insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr11,70015 Aug 19
Viktor Svensson
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares150
Max Pricekr78.00
Buykr256,96013 Aug 19
Viktor Svensson
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares3,212
Max Pricekr80.00
Buykr139,04008 Aug 19
Viktor Svensson
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares1,738
Max Pricekr80.00
Buykr151,20007 Jan 19
Seppo Sorri
EntityIndividual
Role
Unit President
President of Rejlers Finland Oy
Shares2,100
Max Pricekr72.00
Buykr10,65021 Dec 18
Viktor Svensson
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares150
Max Pricekr71.00
Buykr15,36019 Dec 18
Jan Samuelsson
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares200
Max Pricekr76.80
Buykr33,40005 Dec 18
Mikael Schmidt
EntityIndividual
Role
Other Key Executive
Head of HR- Rejlers Sverige AB
Shares500
Max Pricekr66.80
Buykr1,998,00027 Nov 18
Viktor Svensson
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares30,000
Max Pricekr66.60
Buykr100,80030 Oct 18
Thomas Pettersen
EntityIndividual
Role
Unit President
President of Rejlers Embriq AS & Rejlers Norge AS
Shares1,500
Max Pricekr67.20

Ownership Breakdown


Management Team

  • Anna Jennehov (55yo)

    Chief Financial Officer

    • Tenure: 0.7yrs
  • Viktor Svensson (44yo)

    President & CEO

    • Tenure: 1.7yrs
  • Lisa Rejler (51yo)

    Acting Marketing & Communication Director and Director

    • Tenure: 0.4yrs
  • Thomas Pettersen (44yo)

    President of Rejlers Embriq AS & Rejlers Norge AS

    • Tenure: 0yrs
  • Seppo Sorri (53yo)

    President of Rejlers Finland Oy

    • Tenure: 0yrs
  • Mikael Schmidt (61yo)

    Head of HR- Rejlers Sverige AB

    • Tenure: 0yrs
  • Malin Rydberg (50yo)

    Communication Director

    • Tenure: 1.1yrs
  • Mikael Lingefelt (58yo)

    Group Financial Controller

    • Tenure: 0yrs
  • Mats Rehnqvist (54yo)

    • Tenure: 0yrs

Board Members

  • Patrik Boman (55yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: kr153.00k
  • Helena Levander (62yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: kr193.00k
  • Peter Rejler (53yo)

    Chairman

    • Tenure: 1.4yrs
    • Compensation: kr307.00k
  • Björn Lauber (54yo)

    Employee Representative Director

    • Tenure: 21.8yrs
  • Lisa Rejler (51yo)

    Acting Marketing & Communication Director and Director

    • Tenure: 0.4yrs
  • Jan Samuelsson (69yo)

    Vice Chairman

    • Tenure: 1.4yrs
    • Compensation: kr360.00k
  • Sten Pettersson (49yo)

    Employee Representative Director

    • Tenure: 10.8yrs
  • Annika Steiber (51yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: kr228.00k
  • Tore Gregorsson

    Employee Representative

    • Tenure: 3.8yrs

Company Information

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


Key Information

  • Name: Rejlers AB (publ)
  • Ticker: REJL B
  • Exchange: OM
  • Founded: 1942
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: kr1.908b
  • Shares outstanding: 18.09m
  • Website: https://www.rejlers.com

Number of Employees


Location

  • Rejlers AB (publ)
  • Lindhagensgatan 126
  • Box 30233
  • Stockholm
  • Stockholm County
  • 104 25
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
REJL BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKDec 2006
0JH0LSE (London Stock Exchange)YesSeries B SharesGBSEKDec 2006
REJLBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKDec 2006

Biography

Rejlers AB (publ) provides technical consultancy services to various customers in the construction and property, energy, industry, and infrastructure sectors. It operates in Sweden, Finland, and Norway. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:49
End of Day Share Price2019/10/18 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.