Husqvarna
Market Cap
kr41.9b
Last Updated
2020/02/16 21:09 UTC
Data Sources
Company Financials +
Executive Summary
Husqvarna AB (publ) produces and sells outdoor power and garden watering products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Husqvarna's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HUSQ B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
HUSQ B
-0.9%
SE Consumer Durables
2.5%
SE Market
1 Year Return
-2.8%
HUSQ B
1.5%
SE Consumer Durables
21.8%
SE Market
Return vs Industry: HUSQ B underperformed the Swedish Consumer Durables industry which returned 1.5% over the past year.
Return vs Market: HUSQ B underperformed the Swedish Market which returned 21.8% over the past year.
Shareholder returns
| HUSQ B | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -0.9% | 2.5% |
| 30 Day | -6.1% | -5.9% | 3.3% |
| 90 Day | -3.7% | -3.8% | 10.2% |
| 1 Year | 0.2%-2.8% | 6.6%1.5% | 26.8%21.8% |
| 3 Year | 4.5%-3.9% | -0.8%-8.1% | 38.0%17.1% |
| 5 Year | 26.6%10.2% | 8.5%-10.6% | 46.9%15.5% |
Price Volatility Vs. Market
How volatile is Husqvarna's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Husqvarna AB (publ) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year1 week ago | Simply Wall St
How Many Husqvarna AB (publ) (STO:HUSQ B) Shares Do Institutions Own?3 weeks ago | Simply Wall St
Have Insiders Been Buying Husqvarna AB (publ) (STO:HUSQ B) Shares This Year?Valuation
Is Husqvarna undervalued compared to its fair value and its price relative to the market?
39.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HUSQ B (SEK73.2) is trading below our estimate of fair value (SEK120.97)
Significantly Below Fair Value: HUSQ B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HUSQ B is poor value based on its PE Ratio (16.6x) compared to the Consumer Durables industry average (15.6x).
PE vs Market: HUSQ B is good value based on its PE Ratio (16.6x) compared to the Swedish market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: HUSQ B is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: HUSQ B is good value based on its PB Ratio (2.4x) compared to the SE Consumer Durables industry average (2.4x).
Next Steps
Future Growth
How is Husqvarna forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
10.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HUSQ B's forecast earnings growth (10.8% per year) is above the savings rate (-0.4%).
Earnings vs Market: HUSQ B's earnings (10.8% per year) are forecast to grow faster than the Swedish market (8.4% per year).
High Growth Earnings: HUSQ B's earnings are forecast to grow, but not significantly.
Revenue vs Market: HUSQ B's revenue (2.7% per year) is forecast to grow slower than the Swedish market (4.6% per year).
High Growth Revenue: HUSQ B's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HUSQ B's Return on Equity is forecast to be low in 3 years time (16.3%).
Next Steps
Past Performance
How has Husqvarna performed over the past 5 years?
9.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HUSQ B has high quality earnings.
Growing Profit Margin: HUSQ B's current net profit margins (6%) are higher than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: HUSQ B's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: HUSQ B's earnings growth over the past year (108.5%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: HUSQ B earnings growth over the past year (108.5%) exceeded the Consumer Durables industry -9.7%.
Return on Equity
High ROE: HUSQ B's Return on Equity (14.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Husqvarna's financial position?
Financial Position Analysis
Short Term Liabilities: HUSQ B's short term assets (SEK18.2B) exceed its short term liabilities (SEK11.3B).
Long Term Liabilities: HUSQ B's short term assets (SEK18.2B) exceed its long term liabilities (SEK13.4B).
Debt to Equity History and Analysis
Debt Level: HUSQ B's debt to equity ratio (58%) is considered high.
Reducing Debt: HUSQ B's debt to equity ratio has reduced from 62.3% to 58% over the past 5 years.
Debt Coverage: HUSQ B's debt is well covered by operating cash flow (49%).
Interest Coverage: HUSQ B's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Inventory Level: HUSQ B has a high level of physical assets or inventory.
Debt Coverage by Assets: HUSQ B's debt is covered by short term assets (assets are 1.8x debt).
Next Steps
Dividend
What is Husqvarna's current dividend yield, its reliability and sustainability?
3.07%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Husqvarna before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HUSQ B's dividend (3.07%) is higher than the bottom 25% of dividend payers in the Swedish market (1.55%).
High Dividend: HUSQ B's dividend (3.07%) is low compared to the top 25% of dividend payers in the Swedish market (4.21%).
Stability and Growth of Payments
Stable Dividend: HUSQ B's dividends per share have been stable in the past 10 years.
Growing Dividend: HUSQ B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.9%), HUSQ B's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HUSQ B's dividends in 3 years are forecast to be covered by earnings (50.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Kai Wärn (60yo)
6.6yrs
Tenure
Mr. Kai Wärn has been the Chief Executive Officer and President of Husqvarna AB (publ) since July 01, 2013. Mr. Wärn served as an Industrial Adviser at IK Investment Partners. He looks after investments in ...
CEO Compensation Analysis
Compensation vs Market: Kai's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD1.14M).
Compensation vs Earnings: Kai's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.6yrs | no data | 0.085% SEK35.5m | |
| CFO and Senior VP of Finance | 1.3yrs | no data | 0.0045% SEK1.9m | |
| Senior VP of Innovation & Technology and CTO | 4.3yrs | no data | 0.0031% SEK1.3m | |
| Chief Information Officer & Senior VP of Operations Development | 0.3yrs | no data | 0.018% SEK7.4m | |
| Senior VP of Legal Affairs & General Counsel and Secretary to Board | 4.8yrs | no data | 0.0076% SEK3.2m | |
| Senior Vice President of People & Organization | 1.3yrs | no data | 0.0023% SEK951.3k | |
| Senior Vice President of Business Development | 1.3yrs | no data | 0.016% SEK6.8m | |
| President of Husqvarna Division | 5.1yrs | no data | 0.019% SEK8.1m | |
| President of Construction Division | 4.4yrs | no data | 0.0098% SEK4.1m | |
| President of Gardena Division | 2yrs | no data | 0.011% SEK4.5m |
3.2yrs
Average Tenure
49.5yo
Average Age
Experienced Management: HUSQ B's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.6yrs | no data | 0.085% SEK35.5m | |
| Independent Chairman of the Board | 4.8yrs | kr2.02m | 0.0028% SEK1.2m | |
| Independent Director | 5.8yrs | kr605.00k | 0.00087% SEK364.6k | |
| Independent Director | 9.8yrs | kr745.00k | 0.0018% SEK733.4k | |
| Independent Director | 6.8yrs | kr650.00k | 0.0018% SEK733.4k | |
| Independent Director | 2.8yrs | kr545.00k | no data | |
| Independent Director | 7.9yrs | kr650.00k | 0.086% SEK36.0m | |
| Independent Director | 3.8yrs | kr605.00k | 0.0013% SEK549.0k | |
| Deputy Director | 2.1yrs | no data | no data | |
| Deputy Employee Representative of the Board of Director | 1.1yrs | no data | 0.00019% SEK79.6k |
5.3yrs
Average Tenure
58.5yo
Average Age
Experienced Board: HUSQ B's board of directors are considered experienced (5.3 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
Husqvarna AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Husqvarna AB (publ)
- Ticker: HUSQ B
- Exchange: OM
- Founded: 1689
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: kr41.908b
- Shares outstanding: 572.20m
- Website: https://www.husqvarnagroup.com/en
Number of Employees
Location
- Husqvarna AB (publ)
- Regeringsgatan 28
- Stockholm
- Stockholm County
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HUSQ B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Jun 2006 |
| HUSQ A | OM (OMX Nordic Exchange Stockholm) | Class A Shares | SE | SEK | Jun 2006 | |
| HRZ | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jun 2006 |
| 0GWI | LSE (London Stock Exchange) | Class A Shares | GB | SEK | Jun 2006 | |
| 0GTR | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Jun 2006 |
| HUSQ.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Jun 2006 |
| HUSQBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Jun 2006 |
| HUSQAS | BATS-CHIXE (BATS 'Chi-X Europe') | Class A Shares | GB | SEK | Jun 2006 | |
| HUQV.F | OTCPK (Pink Sheets LLC) | Class A Shares | US | USD | Jun 2006 | |
| HRZA | DB (Deutsche Boerse AG) | Class A Shares | DE | EUR | Jun 2006 | |
| HSQV.Y | OTCPK (Pink Sheets LLC) | SPON ADR | US | USD | Jun 2006 |
Biography
Husqvarna AB (publ) produces and sells outdoor power and garden watering products worldwide. It operates through three divisions: Husqvarna, Gardena, and Construction. The Husqvarna division offers handheld products, such as chainsaws, brush cutters, trimmers, and leaf blowers; wheeled products, such as front riders, garden tractors, zero-turn mowers, walk-behind mowers, and snow throwers; robotic lawn mowers; and accessories and spare parts. The Gardena division provides watering management products, including garden hoses, connectors, reels, sprayers, sprinklers and sprinkler systems, water pumps, and watering controls; battery-and petrol-powered products, such as robotic mowers, trimmers, hedge cutters, and shrub shears; and garden tools comprising secateurs, loppers, axes, digging tools, and winter tools, as well as smart products consisting of Gardena Smart System, a connected automatic lawn care and water management solution. The Construction division offers construction products that include power cutters, drill motors, floor grinding machines, dust and slurry solutions, demolition robots, and diamond tools for construction and stone industries, as well as floor, tile and masonry, wall, and wire saws; and light compaction and concrete placement equipment. The company sells its products and solutions to forestry, tree care, landscaping, commercial lawn, and garden services sectors, as well as home and landowners primarily under the Husqvarna, Gardena, Diamant Boart, Zenoah, McCulloch, Jonsered, Flymo, and Klippo brands through dealers and retailers. Husqvarna AB (publ) was founded in 1689 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 21:09 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.