OM:SJR B

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.

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

Stable Share Price: SJR B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SJR B's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

7.9%

SJR B

3.7%

SE Professional Services

0.6%

SE Market


1 Year Return

-34.8%

SJR B

11.3%

SE Professional Services

17.1%

SE Market

Return vs Industry: SJR B underperformed the Swedish Professional Services industry which returned 10.4% over the past year.

Return vs Market: SJR B underperformed the Swedish Market which returned 16.7% over the past year.


Shareholder returns

SJR BIndustryMarket
7 Day7.9%3.7%0.6%
30 Day14.6%13.0%8.0%
90 Day2.6%-2.8%8.3%
1 Year-34.8%-34.8%11.4%11.3%18.9%17.1%
3 Year-41.4%-48.5%61.0%39.0%41.5%26.2%
5 Year-17.4%-36.3%112.0%71.4%63.2%31.7%

Long-Term 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

Below Fair Value: SJR B (SEK24) is trading below our estimate of fair value (SEK52.83)

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


Price To Earnings Ratio

PE vs Industry: SJR B is good value based on its PE Ratio (20.8x) compared to the SE Professional Services industry average (39.3x).

PE vs Market: SJR B is good value based on its PE Ratio (20.8x) compared to the Swedish market (22.8x).


Price to Earnings Growth Ratio

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 (4.1x) compared to the SE Professional Services industry average (2.2x).


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?

39.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SJR B's forecast earnings growth (39% per year) is above the savings rate (0.5%).

Earnings vs Market: SJR B's earnings (39% per year) are forecast to grow faster than the Swedish market (11.6% per year).

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

Revenue vs Market: SJR B's revenue (6.2% per year) is forecast to grow faster than the Swedish market (3.3% per year).

High Growth Revenue: SJR B's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SJR B's Return on Equity is forecast to be high in 3 years time (27.2%)


Next Steps

Past Performance

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

-10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SJR B has high quality earnings.

Growing Profit Margin: SJR B's current net profit margins (3.3%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: SJR B's earnings have declined by 10.2% 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 (-34.8%) over the past year, making it difficult to compare to the Professional Services industry average (-19.9%).


Return on Equity

High ROE: SJR B's Return on Equity (19.5%) is considered low.


Next Steps

Financial Health

How is SJR in Scandinavia's financial position?


Financial Position Analysis

Short Term Liabilities: SJR B's short term assets (SEK104.2M) exceed its short term liabilities (SEK55.4M).

Long Term Liabilities: SJR B has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SJR B is debt free.

Reducing Debt: SJR B had no debt 5 years ago.

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

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


Balance Sheet


Next Steps

Dividend

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

6.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SJR B's dividend (6.67%) is higher than the bottom 25% of dividend payers in the Swedish market (1.19%).

High Dividend: SJR B's dividend (6.67%) is in the top 25% of dividend payers in the Swedish market (3.77%)


Stability and Growth of Payments

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 (138.5%), 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 forecast to be covered by earnings (80.9% payout ratio).


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Kent Sangler (57 yo)

0.83

Tenure

Mr. Kent Sangler serves as Chief Executive Officer of SJR in Scandinavia AB (publ) since 2020. Mr. Sangler served as Chief Operating Officer at SJR in Scandinavia AB (publ) since August 2019 until 2020.


Board Members

NamePositionTenureCompensationOwnership
Per Ogunro
Founder & Chairman0.83yrkr2.51m19.71%
SEK 48.9m
Fredrik Lidberg
Deputy Chief Executive Officer27.83yrskr170.00k4.91%
SEK 12.2m
Ingrid Engström
Director7.83yrskr170.00k0.050%
SEK 125.3k
Richard Hellekant
Director3.83yrskr170.00k0.023%
SEK 58.0k
Claes Ruthberg
Director3.83yrskr170.00k0.093%
SEK 232.0k
Anna Batra
Director1.83yrskr170.00kno data

3.8yrs

Average Tenure

57yo

Average Age

Experienced Board: SJR B's board of directors are considered experienced (3.8 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

Ownership Breakdown

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


Top Shareholders

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: kr248.240m
  • Shares outstanding: 10.70m
  • Website: https://sjr.se

Number of Employees


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)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 Analysis2020/11/26 19:53
End of Day Share Price2020/11/26 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.