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

Undervalued with high growth potential.

Risks

  • SJR in Scandinavia has significant price volatility in the past 3 months.
  • SJR in Scandinavia is covered by less than 3 analysts.

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

4.9%

SJR B

0.2%

SE Professional Services

0.2%

SE Market


1 Year Return

-45.3%

SJR B

3.1%

SE Professional Services

1.7%

SE Market

SJR B underperformed the Professional Services industry which returned 3.1% over the past year.

SJR B underperformed the Market in Sweden which returned 1.7% over the past year.


Share holder returns

SJR BIndustryMarket
7 Day4.9%0.2%0.2%
30 Day-0.4%0.2%5.8%
90 Day-28.6%0.3%1.8%
1 Year-41.4%-45.3%15.3%3.1%6.0%1.7%
3 Year-7.0%-23.3%50.1%25.2%30.5%11.0%
5 Year26.9%-7.7%128.1%78.6%56.7%23.4%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SJR in Scandinavia's share price is below the future cash flow value, and at a moderate discount (> 20%).

SJR in Scandinavia's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

SJR in Scandinavia is good value based on earnings compared to the SE Professional Services industry average.

SJR in Scandinavia is good value based on earnings compared to the Sweden market.


Price Based on Expected Growth

SJR in Scandinavia is good value based on expected growth next year.


Price Based on Value of Assets

SJR in Scandinavia is overvalued based on assets compared to the SE Professional Services industry average.


Next Steps

Future Growth

How is SJR in Scandinavia expected 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 Estimates


Future Annual Growth Analysis

SJR in Scandinavia's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).

SJR in Scandinavia's earnings are expected to grow significantly at over 20% yearly.

SJR in Scandinavia's revenue growth is expected to exceed the Sweden market average.

SJR in Scandinavia's earnings growth is expected to exceed the Sweden market average.

SJR in Scandinavia's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

SJR in Scandinavia is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).


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

SJR in Scandinavia's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

SJR in Scandinavia's 1-year earnings growth is negative, it can't be compared to the 5-year average.

SJR in Scandinavia's 1-year earnings growth is negative, it can't be compared to the SE Professional Services industry average.


Return on Equity

SJR in Scandinavia made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

SJR in Scandinavia used its assets more efficiently than the SE Professional Services industry average last year based on Return on Assets.


Return on Capital Employed

SJR in Scandinavia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is SJR in Scandinavia's financial position?


Financial Position Analysis

SJR in Scandinavia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SJR in Scandinavia's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SJR in Scandinavia's level of debt (14.5%) compared to net worth is satisfactory (less than 40%).

Unable to establish if SJR in Scandinavia's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (280.5%, greater than 20% of total debt).

SJR in Scandinavia earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 16.7x debt.


Next Steps

Dividend

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

8.42%

Expected Dividend Yield


Dividend Yield and Payments Analysis

SJR in Scandinavia's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).

SJR in Scandinavia's dividend is above the markets top 25% of dividend payers in Sweden (4.8%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1x coverage).


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?

13.2yrs

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

Per's remuneration is higher than average for companies of similar size in Sweden.

Per's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

13.2yrs

Average Tenure

58yo

Average Age

The average tenure for the SJR in Scandinavia board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by SJR in Scandinavia individual insiders in the past 3 months.


Recent Insider Transactions

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: 26.7yrs
    • Compensation: kr813.00k
  • Marie Wiklund

    Chief Executive Officer

    • Tenure: 0yrs
  • Michaela Björsell

    Head of HR

    • Tenure: 0yrs
  • Kent Sangler

    Chief Operating Officer

    • Tenure: 0.08yrs

Board Members

  • Ingrid Engström (61yo)

    Director

    • Tenure: 6.7yrs
    • Compensation: kr135.00k
  • Björn Sprängare (79yo)

    Chairman

    • Tenure: 19.7yrs
    • Compensation: kr200.00k
  • Richard Hellekant (48yo)

    Director

    • Tenure: 2.7yrs
    • 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: 26.7yrs
    • Compensation: kr813.00k
  • Anna Batra (49yo)

    Director

    • Tenure: 0.7yrs

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: kr296.390m
  • 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 Analysis2019/09/21 20:58
End of Day Share Price2019/09/20 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.