OM:SJR B

Stock Analysis Report

Executive Summary

SJR in Scandinavia AB (publ) provides recruitment and consultancy services for IT, finance, HR, and supply chain sectors in Sweden.

Snowflake

Fundamentals

High growth potential with excellent balance sheet.

Share Price & News

How has SJR in Scandinavia's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

SJR B

-0.05%

SE Professional Services

3.4%

SE Market


1 Year Return

-41.7%

SJR B

3.4%

SE Professional Services

9.1%

SE Market

Return vs Industry: SJR B underperformed the Swedish Professional Services industry which returned 3.4% over the past year.

Return vs Market: SJR B underperformed the Swedish Market which returned 9.1% over the past year.


Shareholder returns

SJR BIndustryMarket
7 Day2.6%-0.05%3.4%
30 Day5.7%-4.2%0.6%
90 Day-25.3%-6.6%2.9%
1 Year-37.6%-41.7%15.5%3.4%13.7%9.1%
3 Year-6.5%-22.9%46.3%22.0%31.2%11.6%
5 Year34.2%-2.3%132.9%82.5%64.2%29.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SJR in Scandinavia undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SJR B (SEK28) is trading below our estimate of fair value (SEK130.48)

Significantly Undervalued: SJR B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SJR B is poor value based on its PE Ratio (15.9x) compared to the Professional Services industry average (14.4x).

PE vs Market: SJR B is good value based on its PE Ratio (15.9x) compared to the Swedish market (16.8x).


Price to Earnings Growth Ratio

Low PEG Ratio: SJR B is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SJR B is overvalued based on its PB Ratio (7x) compared to the SE Professional Services industry average (2.6x).


Next Steps

Future Growth

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

29.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SJR B's forecast earnings growth (29.6% per year) is above the savings rate (0.4%).

Earnings vs Market: SJR B's earnings (29.6% per year) are forecast to grow faster than the Swedish market (9% per year).

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

Revenue vs Market: SJR B's revenue (6.3% per year) is forecast to grow faster than the Swedish market (4.5% per year).

High Growth Revenue: SJR B's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SJR B's Return on Equity is forecast to be very high in 3 years time (42.6%).


Next Steps

Past Performance

How has SJR in Scandinavia performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SJR B's earnings have grown by 4.1% per year over the past 5 years.

Accelerating Growth: SJR 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: SJR B had negative earnings growth (-42.1%) over the past year, making it difficult to compare to the Professional Services industry average (-10.2%).


Return on Equity

High ROE: SJR B's Return on Equity (43.4%) is considered outstanding.


Return on Assets

ROA vs Industry: SJR B has a higher Return on Assets than the Professional Services industry average last year.


Return on Capital Employed

ROCE Improving: SJR B's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is SJR in Scandinavia's financial position?


Financial Position Analysis

Short Term Liabilities: SJR B's short term assets (SEK103.7M) exceeds its short term liabilities (SEK79.5M)

Long Term Liabilities: SJR B's short term assets (103.7M) exceeds its long term liabilities (200.0K)


Debt to Equity History and Analysis

Debt Level: SJR B's debt to equity ratio (14.5%) is considered satisfactory

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

Debt Coverage: SJR B's debt is well covered by operating cash flow (280.5%).

Interest Coverage: SJR B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: SJR B's debt is covered by short term assets (assets are 16.725800x debt).


Next Steps

Dividend

What is SJR in Scandinavia's current dividend yield, its reliability and sustainability?

10.71%

Current Dividend Yield


Dividend Yield vs Market

company10.7%marketbottom25%1.8%markettop25%4.7%industryaverage2.8%forecastin3Years8.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SJR B's dividend (10.71%) is higher than the bottom 25% of dividend payers in the Swedish market (1.8%).

High Dividend: SJR B's dividend (10.71%) is in the top 25% of dividend payers in the Swedish market (4.72%)

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (170.1%), SJR B's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SJR B's dividends in 3 years are not forecast to be well covered by earnings (100.7% payout ratio).


Next Steps

Management

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

13.3yrs

Average board tenure


CEO

Per Ogunro (58yo)

0yrs

Tenure

kr2,387,000

Compensation

Mr. Per Ogunro serves as the Chief Executive Officer of SJR In Scandinavia AB and has been its Director since 1993. 


CEO Compensation Analysis

Compensation vs. Market: Per's total compensation ($USD243.71K) is above average for companies of similar size in the Swedish market ($USD124.99K).

Compensation vs Earnings: Per's compensation has been consistent with company performance over the past year.


Board Age and Tenure

13.3yrs

Average Tenure

58yo

Average Age

Experienced Board: SJR B's board of directors are seasoned and experienced ( 13.3 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buykr476,97504 Oct 19
Per Ogunro
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares17,500
Max Pricekr27.83
Buykr140,05022 Aug 19
Claes Ruthberg
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max Pricekr28.01
Buykr229,49627 Jun 19
Björn Sprängare
EntityIndividual
Role
Chairman of the Board
Chairman
Shares6,259
Max Pricekr37.30
Sellkr4,503,11523 Feb 19
Per Ogunro
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares99,564
Max Pricekr45.95
Sellkr2,490,20822 Feb 19
Per Ogunro
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares53,959
Max Pricekr46.15
Sellkr183,51121 Feb 19
Per Ogunro
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares3,902
Max Pricekr47.03
Sellkr2,010,96020 Feb 19
Per Ogunro
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares42,524
Max Pricekr47.29

Ownership Breakdown


Management Team

  • Per Ogunro (58yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: kr2.39m
  • Elin Åkerlund (39yo)

    Chief Financial Officer

    • Tenure: 16.8yrs
  • Åsa Andersson (46yo)

    Chief Financial Officer of SW in Scandinavia

    • Tenure: 0yrs
  • Niclas Borenstein (34yo)

    Head of Gothenburg Region of SW in Scandinavia

    • Tenure: 0yrs
  • Anders Eklund (36yo)

    Head of IT Department for SW In Scandinavia

    • Tenure: 0yrs
  • Rebecca Dellborg (53yo)

    Head of Gothenburg Region

    • Tenure: 0yrs
  • Fredrik Lidberg (54yo)

    Deputy Chief Executive Officer

    • Tenure: 26.8yrs
    • Compensation: kr813.00k
  • Marie Wiklund

    Chief Executive Officer

    • Tenure: 0yrs
  • Michaela Björsell

    Head of HR

    • Tenure: 0yrs
  • Kent Sangler

    Chief Operating Officer

    • Tenure: 0.2yrs

Board Members

  • Ingrid Engström (61yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: kr135.00k
  • Björn Sprängare (79yo)

    Chairman

    • Tenure: 19.8yrs
    • Compensation: kr200.00k
  • Richard Hellekant (48yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: kr285.00k
  • Claes Ruthberg (65yo)

    Director

    • Tenure: 0yrs
    • Compensation: kr135.00k
  • Per Ogunro (58yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: kr2.39m
  • Fredrik Lidberg (54yo)

    Deputy Chief Executive Officer

    • Tenure: 26.8yrs
    • Compensation: kr813.00k
  • Anna Batra (49yo)

    Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: SJR in Scandinavia AB (publ)
  • Ticker: SJR B
  • Exchange: OM
  • Founded: 1993
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: kr299.600m
  • Shares outstanding: 10.70m
  • Website: https://sjr.se

Location

  • SJR in Scandinavia AB (publ)
  • Humlegårdsgatan 20
  • Stockholm
  • Stockholm County
  • 114 46
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SJR BOM (OMX Nordic Exchange Stockholm)SHSSESEKNo data
SJR BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKMar 2007

Biography

SJR in Scandinavia AB (publ) provides recruitment and consultancy services for IT, finance, HR, and supply chain sectors in Sweden. SJR in Scandinavia AB (publ) was founded in 1993 and is based in Stockhol ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:54
End of Day Share Price2019/10/16 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.