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Studsvik

OM:SVIK
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SVIK
OM
SEK263M
Market Cap
  1. Home
  2. SE
  3. Commercial Services
Company description

Studsvik AB (publ) develops, sells, and delivers various technical solutions to the nuclear and radiological sectors in Europe, the Middle East, Asia, and North America. The last earnings update was 78 days ago. More info.


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  • Studsvik has significant price volatility in the past 3 months.
SVIK Share Price and Events
7 Day Returns
1.6%
OM:SVIK
0.4%
SE Commercial Services
0%
SE Market
1 Year Returns
-29.7%
OM:SVIK
13.8%
SE Commercial Services
6.9%
SE Market
SVIK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Studsvik (SVIK) 1.6% 4.9% -17.5% -29.7% -50% -17.9%
SE Commercial Services 0.4% 0.5% 0.6% 13.8% 15.1% 45.1%
SE Market 0% 2.7% 2.2% 6.9% 16.4% 22.6%
1 Year Return vs Industry and Market
  • SVIK underperformed the Commercial Services industry which returned 13.8% over the past year.
  • SVIK underperformed the Market in Sweden which returned 6.9% over the past year.
Price Volatility
SVIK
Industry
5yr Volatility vs Market
Related Companies

SVIK Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Studsvik to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Studsvik.

OM:SVIK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:SVIK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.67 (1 + (1- 22%) (57.15%))
0.979
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.979 * 5.96%)
6.27%

Discounted Cash Flow Calculation for OM:SVIK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Studsvik is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:SVIK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.27%)
2020 15.00 Analyst x1 14.12
2021 41.00 Analyst x1 36.31
2022 66.05 Est @ 61.1% 55.04
2023 94.38 Est @ 42.9% 74.01
2024 122.85 Est @ 30.16% 90.64
2025 148.94 Est @ 21.24% 103.42
2026 171.28 Est @ 15% 111.91
2027 189.49 Est @ 10.63% 116.50
2028 203.83 Est @ 7.57% 117.93
2029 214.90 Est @ 5.43% 117.00
Present value of next 10 years cash flows SEK836.88
OM:SVIK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK214.90 × (1 + 0.43%) ÷ (6.27% – 0.43%)
SEK3,699.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,699.47 ÷ (1 + 6.27%)10
SEK2,014.15
OM:SVIK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK836.88 + SEK2,014.15
SEK2,851.03
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK2,851.03 / 8.22
SEK346.9
OM:SVIK Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK346.90
Current discount Discount to share price of SEK32.00
= -1 x (SEK32.00 - SEK346.90) / SEK346.90
90.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Studsvik is available for.
Intrinsic value
>50%
Share price is SEK32 vs Future cash flow value of SEK346.9
Current Discount Checks
For Studsvik to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Studsvik's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Studsvik's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Studsvik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Studsvik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:SVIK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK-3.30
OM:SVIK Share Price ** OM (2019-07-16) in SEK SEK32
Sweden Commercial Services Industry PE Ratio Median Figure of 11 Publicly-Listed Commercial Services Companies 17.3x
Sweden Market PE Ratio Median Figure of 326 Publicly-Listed Companies 16.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Studsvik.

OM:SVIK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:SVIK Share Price ÷ EPS (both in SEK)

= 32 ÷ -3.30

-9.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Studsvik is loss making, we can't compare its value to the SE Commercial Services industry average.
  • Studsvik is loss making, we can't compare the value of its earnings to the Sweden market.
Price based on expected Growth
Does Studsvik's expected growth come at a high price?
Raw Data
OM:SVIK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
99.9%per year
Sweden Commercial Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Commercial Services Companies 0.96x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Studsvik, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Studsvik's assets?
Raw Data
OM:SVIK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK37.00
OM:SVIK Share Price * OM (2019-07-16) in SEK SEK32
Sweden Commercial Services Industry PB Ratio Median Figure of 19 Publicly-Listed Commercial Services Companies 1.64x
Sweden Market PB Ratio Median Figure of 573 Publicly-Listed Companies 2.54x
OM:SVIK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:SVIK Share Price ÷ Book Value per Share (both in SEK)

= 32 ÷ 37.00

0.86x

* Primary Listing of Studsvik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Studsvik is good value based on assets compared to the SE Commercial Services industry average.
X
Value checks
We assess Studsvik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Studsvik has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SVIK Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
99.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Studsvik expected to grow at an attractive rate?
  • Studsvik's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Studsvik's earnings growth is expected to exceed the Sweden market average.
  • Studsvik's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:SVIK Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:SVIK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 99.9%
OM:SVIK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.8%
Sweden Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 13%
Sweden Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:SVIK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:SVIK Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 780 61 42 1
2020-12-31 753 35 34 1
2019-12-31 695 23 0 1
OM:SVIK Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 669 26 -27
2018-12-31 726 80 9
2018-09-30 704 13 -15
2018-06-30 720 -2 -8
2018-03-31 723 -46 -26
2017-12-31 705 -73 -45
2017-09-30 786 -52 -13
2017-06-30 767 -65 53
2017-03-31 767 -59 55
2016-12-31 759 -56 54
2016-09-30 709 -34 45
2016-06-30 735 -1 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Studsvik's earnings are expected to grow significantly at over 20% yearly.
  • Studsvik's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:SVIK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Studsvik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SVIK Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.12 5.12 5.12 1.00
2020-12-31 4.13 4.13 4.13 1.00
2019-12-31 0.06 0.06 0.06 1.00
OM:SVIK Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 -3.30
2018-12-31 1.06
2018-09-30 -1.82
2018-06-30 -1.02
2018-03-31 -3.17
2017-12-31 -5.47
2017-09-30 -1.60
2017-06-30 6.43
2017-03-31 6.64
2016-12-31 6.59
2016-09-30 5.48
2016-06-30 -2.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Studsvik is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Studsvik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Studsvik has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SVIK Past Performance

  How has Studsvik performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Studsvik's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Studsvik does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Studsvik's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Studsvik's 1-year growth to the SE Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Studsvik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Studsvik Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SVIK Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 668.61 -27.09 148.44 30.92
2018-12-31 726.11 8.72 147.84 30.72
2018-09-30 703.93 -14.99 148.40 23.38
2018-06-30 720.03 -8.39 152.40 22.68
2018-03-31 722.63 -26.09 156.30 22.38
2017-12-31 704.83 -44.99 161.10 28.18
2017-09-30 785.77 -13.16 164.51 28.83
2017-06-30 767.07 52.84 166.31 28.13
2017-03-31 766.77 54.54 164.11 28.83
2016-12-31 758.77 54.14 157.21 27.53
2016-09-30 709.38 45.02 137.25 27.77
2016-06-30 734.58 -22.38 137.05 26.97
2016-03-31 735.98 1.52 136.95 25.37
2015-12-31 721.18 2.42 140.25 25.07
2015-09-30 772.07 14.40 158.90 24.46
2015-06-30 807.47 6.30 171.90 24.56
2015-03-31 846.67 -9.90 181.70 25.26
2014-12-31 909.57 -12.00 194.50 25.76
2014-09-30 928.74 -201.77 209.22 25.81
2014-06-30 920.44 -200.27 200.82 26.21
2014-03-31 970.04 -193.27 199.32 26.51
2013-12-31 1,001.24 -196.77 191.92 26.61
2013-09-30 832.48 0.79 153.95 26.01
2013-06-30 877.28 -30.21 164.65 26.01
2013-03-31 941.08 -44.71 180.65 25.61
2012-12-31 1,012.88 -47.81 195.15 25.41
2012-09-30 1,275.45 -22.57 229.82 28.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Studsvik has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Studsvik has efficiently used its assets last year compared to the SE Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Studsvik improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Studsvik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Studsvik has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SVIK Health

 How is Studsvik's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Studsvik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Studsvik is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Studsvik's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Studsvik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Studsvik Company Filings, last reported 3 months ago.

OM:SVIK Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 304.50 150.30 73.40
2018-12-31 316.21 199.85 155.54
2018-09-30 320.70 199.50 126.10
2018-06-30 320.50 199.10 127.50
2018-03-31 310.30 200.20 121.10
2017-12-31 288.47 199.85 98.67
2017-09-30 310.20 199.50 128.20
2017-06-30 308.40 199.10 140.80
2017-03-31 340.70 198.70 190.30
2016-12-31 348.46 198.25 195.36
2016-09-30 340.60 297.90 316.40
2016-06-30 268.00 297.50 123.20
2016-03-31 285.30 297.10 147.50
2015-12-31 298.28 209.26 74.91
2015-09-30 309.80 229.00 83.40
2015-06-30 301.90 229.40 81.00
2015-03-31 287.50 229.80 122.80
2014-12-31 292.89 225.83 120.53
2014-09-30 282.80 223.10 75.20
2014-06-30 276.40 207.40 101.70
2014-03-31 279.00 278.00 191.50
2013-12-31 286.27 307.09 151.85
2013-09-30 465.50 364.30 192.20
2013-06-30 467.40 366.10 230.70
2013-03-31 463.50 374.50 222.50
2012-12-31 478.22 230.26 115.84
2012-09-30 466.00 240.80 99.20
  • Studsvik's level of debt (49.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (99.4% vs 49.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Studsvik has sufficient cash runway for more than 3 years based on current free cash flow.
  • Studsvik has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -38.4% each year.
X
Financial health checks
We assess Studsvik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Studsvik has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SVIK Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Studsvik dividends. Estimated to be 0% next year.
If you bought SEK2,000 of Studsvik shares you are expected to receive SEK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Studsvik's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Studsvik's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:SVIK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Sweden Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.1%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:SVIK Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
OM:SVIK Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2018-10-22 0.000 0.000
2018-07-20 0.000 0.000
2018-04-25 0.000 0.000
2018-03-22 0.000 0.000
2018-02-15 0.000 0.000
2017-03-23 1.000 1.978
2013-10-23 0.000 0.000
2013-07-19 0.000 0.000
2013-04-22 0.000 0.000
2013-03-19 0.000 0.000
2013-02-14 0.000 0.000
2012-03-05 1.000 2.824
2012-02-14 1.000 2.254
2010-10-25 0.000 0.000
2010-07-21 0.000 0.000
2010-04-29 0.000 0.000
2010-03-26 0.000 0.000
2010-02-11 0.000 0.000
2009-04-01 1.000 1.574
2009-02-12 1.000 1.873

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Studsvik has not reported any payouts.
  • Unable to verify if Studsvik's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Studsvik's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Studsvik has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Studsvik's dividends in 3 years as they are not expected to pay a notable one for Sweden.
X
Income/ dividend checks
We assess Studsvik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Studsvik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Studsvik has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SVIK Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Camilla Hoflund
AGE 50
TENURE AS CEO 1.5 years
CEO Bio

Ms. Camilla Hoflund has been President and Chief Executive Officer of Studsvik AB (publ) since January 1, 2018. Ms. Hoflund serves as head of the materials technology department of Studsvik Nuclear, which is part of the fuel and materials mechnology business area in Sweden. She is a Member of Studsvik's Executive Group Management. She has long experience of the nuclear power industry and has worked in the Studsvik Group since 1994 and as a consultant for business development of services in risk management. She was President of Fuel and Materials Technology/Head of Fuel and Materials Technology Business Area at Studsvik AB since May 12, 2014. She holds an MSc in materials technology.

CEO Compensation
  • Insufficient data for Camilla to compare compensation growth.
  • Insufficient data for Camilla to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Studsvik management team in years:

0.9
Average Tenure
55
Average Age
  • The average tenure for the Studsvik management team is less than 2 years, this suggests a new team.
Management Team

Camilla Hoflund

TITLE
CEO & President
AGE
50
TENURE
1.5 yrs

Claes Engvall

TITLE
Chief Financial Officer
AGE
55
TENURE
0.5 yrs

Mikael Karlsson

TITLE
Head of the Consultancy Services Business Area
AGE
57
TENURE
0.9 yrs

Steven Freel

TITLE
Head of Studsvik Scandpower Business Area
AGE
55

Joakim Lundström

TITLE
Business Area President Fuel & Materials Technology & Head of Fuel & Materials Technology
AGE
41
TENURE
1.5 yrs

Arthur Digiovine

TITLE
Senior Vice President of Business Development
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Studsvik board of directors in years:

6.3
Average Tenure
58
Average Age
  • The tenure for the Studsvik board of directors is about average.
Board of Directors

Anders Ullberg

TITLE
Chairman of the Board
COMPENSATION
SEK725K
AGE
73
TENURE
12.3 yrs

Anna Karinen

TITLE
Vice Chairman of the Board
COMPENSATION
SEK225K
AGE
56
TENURE
12.5 yrs

Peter Gossas

TITLE
Director
COMPENSATION
SEK375K
AGE
70
TENURE
6.3 yrs

Stina Barchan

TITLE
Director
COMPENSATION
SEK225K
AGE
73
TENURE
15.3 yrs

Per Ekberg

TITLE
Director
AGE
60
TENURE
1.5 yrs

Agneta Nestenborg

TITLE
Director
COMPENSATION
SEK300K
AGE
58
TENURE
9.3 yrs

Linda Ekstrand

TITLE
Director
AGE
37
TENURE
1.8 yrs

Roger Lundström

TITLE
Former Employee Representative Director
AGE
53
TENURE
1.5 yrs

Jennifer Arnesson

TITLE
Alternate Director
AGE
30
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
31. Oct 18 Buy Pål Jarness Individual 31. Oct 18 31. Oct 18 2,000 SEK41.76 SEK83,520
14. Aug 18 Buy Pål Jarness Individual 14. Aug 18 14. Aug 18 13,500 SEK44.56 SEK601,560
X
Management checks
We assess Studsvik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Studsvik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SVIK News

Simply Wall St News

Where Studsvik AB (publ)'s (STO:SVIK) Earnings Growth Stands Against Its Industry

After reading Studsvik AB (publ)'s (STO:SVIK) most recent earnings announcement (31 March 2019), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … View our latest analysis for Studsvik Despite a decline, did SVIK underperform the long-term trend and the industry? … I suggest you continue to research Studsvik to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SVIK’s future growth?

Simply Wall St -

Does Studsvik AB (publ) (STO:SVIK) Have A Volatile Share Price?

If you own shares in Studsvik AB (publ) (STO:SVIK) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … This is reasonably close to the market beta of 1, so the stock has in the past displayed similar levels of volatility to the overall market. … If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market.

Simply Wall St -

What Investors Should Know About Studsvik AB (publ)'s (STO:SVIK) Financial Strength

SVIK’s Debt (And Cash Flows) Over the past year, SVIK has reduced its debt from kr200m to kr150m , which also accounts for long term debt. … Moreover, SVIK has generated cash from operations of kr26m over the same time period, leading to an operating cash to total debt ratio of 17%, signalling that SVIK’s operating cash is less than its debt. … Next Steps: SVIK’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Why Studsvik AB (publ) (STO:SVIK) Could Be Worth Watching

received a lot of attention from a substantial price movement on the OM over the last few months, increasing to SEK41.5 at one point, and dropping to the lows of SEK34.9. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Studsvik's current trading price of SEK35.8 reflective of the actual value of the?

Simply Wall St -

What Kind Of Shareholder Appears On The Studsvik AB (publ)'s (STO:SVIK) Shareholder Register?

Every investor in Studsvik AB (publ) (STO:SVIK) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Studsvik is a smaller company with a market capitalization of kr327m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Should We Be Cautious About Studsvik AB (publ)'s (STO:SVIK) ROE Of 2.8%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every SEK1 worth of equity in the company, it was able to earn SEK0.028. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Worry About Studsvik AB (publ)’s (STO:SVIK) ROCE?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is Studsvik AB (publ)'s (STO:SVIK) Balance Sheet A Threat To Its Future?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Studsvik AB (publ) (STO:SVIK), with a market cap of kr337m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

How Does Investing In Studsvik AB (publ) (STO:SVIK) Impact The Volatility Of Your Portfolio?

If you're interested in Studsvik AB (publ) (STO:SVIK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Why Studsvik AB (publ) (STO:SVIK) Could Be Worth Watching

saw significant share price movement during recent months on the OM, rising to highs of SEK46.2 and falling to the lows of SEK36.2. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at Studsvik’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

SVIK Company Info

Description

Studsvik AB (publ) develops, sells, and delivers various technical solutions to the nuclear and radiological sectors in Europe, the Middle East, Asia, and North America. It offers consultancy and engineering services, including radioactive waste management, radiation safety and protection, nuclear decommissioning, environmental, safety analysis, licensing, and strategy planning services, as well as engineering, design, and analysis services. The company also provides fuel and materials technology services comprising fuel qualification, plant life management, hot cell technology, final storage research, and transport of irradiated materials; and engineering and customer support services, as well as operates Studsvik Cladding Integrity Program. In addition, it offers a range of products, software systems, or technologies, such as The Excavator Mounted Bucket Assay System designed to assay and determine the radiological contents of excavator bucket; Freeze-Tec for waste management issues; Fluid Bed Steam Reforming for waste treatment; CASMO5, a lattice physics code for modeling power-dependent limits (PWR) and thermal limits (BWR) fuel; HELIOS-2, a generalized-geometry lattice physics code; and SIMULATE5, a 3D multi-group nodal code for the analysis of PWRs and BWRs. Further, the company provides SIMULATE-3K, a two-group nodal code for analysis of PWRs and BWRs; XIMAGE, a graphical fuel management and loading pattern optimization suit; S3R that enables cycle-specific core modeling on the training simulator; GARDEL, an online core monitoring suite with built-in reactivity management tools; MARLA, a tool for planning and optimizing BWR fuel shuffles; and SNF, which calculates isotopic concentrations, radiation source terms, and decay heat of spent PWR and BWR fuel. The company was formerly known as Studsvik Energiteknik AB and changed its name to Studsvik AB (publ) in 1987. Studsvik AB (publ) was founded in 1947 and is headquartered in Nyköping, Sweden.

Details
Name: Studsvik AB (publ)
SVIK
Exchange: OM
Founded: 1947
SEK262,995,552
8,218,611
Website: http://www.studsvik.com
Address: Studsvik AB (publ)
Nyköping,
Södermanland County, 611 82,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SVIK Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 04. May 2001
Number of employees
Current staff
Staff numbers
600
Studsvik employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:50
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.