OM:REJL B

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Executive Summary

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

Risk Analysis

Large one-off items impacting financial results



Snowflake Analysis

Flawless balance sheet unattractive dividend payer.


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

Stable Share Price: REJL B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.3%

REJL B

-16.5%

SE Professional Services

-4.6%

SE Market


1 Year Return

18.0%

REJL B

7.3%

SE Professional Services

9.8%

SE Market

Return vs Industry: REJL B exceeded the Swedish Professional Services industry which returned 6% over the past year.

Return vs Market: REJL B exceeded the Swedish Market which returned 9.5% over the past year.


Shareholder returns

REJL BIndustryMarket
7 Day-8.3%-16.5%-4.6%
30 Day-13.9%-13.7%-1.3%
90 Day3.0%-7.0%2.3%
1 Year20.0%18.0%7.6%7.3%11.7%9.8%
3 Year102.6%95.2%41.7%22.5%26.1%12.6%
5 Year59.1%27.4%93.9%56.8%52.1%22.6%

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?

40.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: REJL B (SEK121) is trading above our estimate of fair value (SEK100.96)

Significantly Below Fair Value: REJL B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: REJL B is poor value based on its PE Ratio (40.3x) compared to the SE Professional Services industry average (29.2x).

PE vs Market: REJL B is poor value based on its PE Ratio (40.3x) compared to the Swedish market (21.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate REJL B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: REJL B's PB Ratio (2x) is in line with the SE Professional Services industry average.


Next Steps

Future Growth

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

25.1%

Forecasted Commercial Services industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if REJL B's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if REJL B's earnings are forecast to grow faster than the Swedish market

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

Revenue vs Market: Insufficient data to determine if REJL B's revenue is forecast to grow faster than the Swedish market.

High Growth Revenue: Insufficient data to determine if REJL B's revenue is forecast to grow faster 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 (8.2%).


Next Steps

Past Performance

How has Rejlers performed over the past 5 years?

17.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: REJL B has a large one-off loss of SEK30.4M impacting its September 30 2020 financial results.

Growing Profit Margin: REJL B's current net profit margins (2.1%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: REJL B's earnings have grown by 17.2% per year over the past 5 years.

Accelerating Growth: REJL 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: REJL B had negative earnings growth (-1.5%) over the past year, making it difficult to compare to the Professional Services industry average (-13.9%).


Return on Equity

High ROE: REJL B's Return on Equity (5.1%) is considered low.


Next Steps

Financial Health

How is Rejlers's financial position?


Financial Position Analysis

Short Term Liabilities: REJL B's short term assets (SEK1.1B) exceed its short term liabilities (SEK587.5M).

Long Term Liabilities: REJL B's short term assets (SEK1.1B) exceed its long term liabilities (SEK344.1M).


Debt to Equity History and Analysis

Debt Level: REJL B's debt to equity ratio (21.6%) is considered satisfactory.

Reducing Debt: REJL B had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: REJL B's debt is well covered by operating cash flow (117.8%).

Interest Coverage: REJL B's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: REJL B's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.25%).

High Dividend: REJL B's dividend (1.24%) is low compared to the top 25% of dividend payers in the Swedish market (4.13%).


Stability and Growth of Payments

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

Growing Dividend: REJL B's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (50%), REJL B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: REJL B's dividends in 3 years are forecast to be covered by earnings (61.6% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Viktor Svensson (45 yo)

2.67yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Viktor Svensson
President & CEO2.67yrsno data0.36%
SEK 8.6m
Anna Jennehov
Chief Financial Officer1.67yrsno data0.020%
SEK 484.1k
Malin Rydberg
Director of Communications2.08yrsno data0.013%
SEK 314.7k
Helge Finanger
Group HRno datano datano data
Jesper Börjesson
Head of Learning0.67yrno datano data
Joni Pursiainen
Group CIOno datano datano data
Seppo Sorri
Chief Executive Officer of Rejlers Finlandno datano datano data
Mikael Lingefelt
Group Financial Controllerno datano data0.0076%
SEK 181.5k
Jenny Edfast
Head of Division Energy & CEO of Rejlers Sverigeno datano datano data
Petter Arnesen
Chief Executive Officer of Rejlers Norge0.75yrno datano data
Mikael Schmidt
Head of HR- Rejlers Sverige ABno datano data0.015%
SEK 363.1k

1.7yrs

Average Tenure

52.5yo

Average Age

Experienced Management: REJL B's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Patrik Boman
Independent Director2.42yrskr230.00k0.014%
SEK 326.6k
Helena Levander
Independent Director2.42yrskr290.00k0.010%
SEK 242.0k
Peter Rejler
Chairman of the Board2.42yrskr460.00k5.91%
SEK 140.8m
Björn Lauber
Employee Representative Director22.75yrsno datano data
Lisa Rejler
Director1.42yrskr153.00k4.49%
SEK 107.0m
Jan Samuelsson
Independent Vice Chairman2.42yrskr400.00k0.018%
SEK 433.6k
Sten Pettersson
Employee Representative Director11.75yrsno data0.0050%
SEK 118.6k
Tore Gregorsson
Employee Representative4.75yrsno datano data

2.4yrs

Average Tenure

55yo

Average Age

Experienced Board: REJL B's board of directors are not considered experienced ( 2.4 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

Ownership Breakdown

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


Top Shareholders

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: kr2.382b
  • Shares outstanding: 19.69m
  • 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, infrastructure, and telecom sectors. The company also offers IT services. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 21:58
End of Day Share Price2020/10/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.