JM Balance Sheet Health

Financial Health criteria checks 3/6

JM has a total shareholder equity of SEK7.9B and total debt of SEK14.2B, which brings its debt-to-equity ratio to 179.1%. Its total assets and total liabilities are SEK28.0B and SEK20.1B respectively. JM's EBIT is SEK516.0M making its interest coverage ratio 4.5. It has cash and short-term investments of SEK531.0M.

Key information

179.1%

Debt to equity ratio

SEK 14.18b

Debt

Interest coverage ratio	4.5x
Cash	SEK 531.00m
Equity	SEK 7.92b
Total liabilities	SEK 20.08b
Total assets	SEK 28.00b

Recent financial health updates

Recent updates

Is JM (STO:JM) Using Too Much Debt?

Apr 13

Why JM AB (publ) (STO:JM) Could Be Worth Watching

Mar 14

JM (STO:JM) Has Announced That It Will Be Increasing Its Dividend To SEK14.00

Feb 04

Calculating The Intrinsic Value Of JM AB (publ) (STO:JM)

Dec 28

Is JM (STO:JM) Using Too Much Debt?

Nov 22

Is JM AB (publ) (STO:JM) Trading At A 25% Discount?

Sep 23

Should You Think About Buying JM AB (publ) (STO:JM) Now?

Aug 21

We Think JM (STO:JM) Can Stay On Top Of Its Debt

Jul 09

Why JM AB (publ) (STO:JM) Could Be Worth Watching

May 05

Does JM (STO:JM) Have A Healthy Balance Sheet?

Apr 10

JM (STO:JM) Is Increasing Its Dividend To kr13.50

Mar 29

JM's (STO:JM) Upcoming Dividend Will Be Larger Than Last Year's

Mar 05

JM (STO:JM) Is Paying Out A Larger Dividend Than Last Year

Feb 19

JM (STO:JM) Is Increasing Its Dividend To kr13.50

Feb 05

Financial Position Analysis

Short Term Liabilities: JM's short term assets (SEK27.5B) exceed its short term liabilities (SEK17.0B).

Long Term Liabilities: JM's short term assets (SEK27.5B) exceed its long term liabilities (SEK3.1B).

Debt to Equity History and Analysis

Debt Level: JM's net debt to equity ratio (172.4%) is considered high.

Reducing Debt: JM's debt to equity ratio has increased from 90.1% to 179.1% over the past 5 years.

Debt Coverage: JM's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: JM's interest payments on its debt are well covered by EBIT (4.5x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 08:02
End of Day Share Price	2024/12/19 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

JM AB (publ) is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kristofer Liljeberg-Svensson	Carnegie Investment Bank AB
Stefan Erik Andersson	Danske Bank
Hans Derninger	Deutsche Bank

JM Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Is JM (STO:JM) Using Too Much Debt?

Is JM (STO:JM) Using Too Much Debt?

We Think JM (STO:JM) Can Stay On Top Of Its Debt

Does JM (STO:JM) Have A Healthy Balance Sheet?

Recent updates

JM AB (publ) to Report Q1, 2025 Results on Apr 24, 2025

JM AB (publ) Announces Potential Lay-Off Within the Production Organization

Consensus revenue estimates increase by 11%

JM AB (publ) to Report Fiscal Year 2024 Results on Jan 31, 2025

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

JM AB (publ) Announces Resignation of Malin Lundgren as Director of Human Resources, Effective July 5, 2024

CFO & Head of Investor Relations recently bought kr200k worth of stock

Independent Director recently bought kr184k worth of stock

JM AB (publ) Approves the Appointment of Liia Nõu as New Board Member

JM AB (publ) Approves Dividend, Payable on April 25, 2024

JM AB Announces CEO Changes, Effective June 1, 2024

Upcoming dividend of kr3.00 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

JM AB (publ) to Report Fiscal Year 2023 Final Results on Mar 25, 2024

Price target increased by 12% to kr145

Consensus EPS estimates fall by 19%, revenue upgraded

Full year 2023 earnings: EPS and revenues miss analyst expectations

Jm AB (Publ) Proposes Dividend for 2023

JM AB (publ) to Report Fiscal Year 2023 Results on Jan 30, 2024

Investor sentiment improves as stock rises 16%

JM AB (publ) Announces Retirement of Johan Skoglund as CEO, Effective on June 1, 2024

Insider recently sold kr174k worth of stock

Investor sentiment improves as stock rises 16%

Consensus revenue estimates increase by 10%

Independent Director recently bought kr113k worth of stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 12% to kr130

JM AB (publ), Annual General Meeting, Apr 18, 2024

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates fall by 12%

Insider recently bought kr301k worth of stock

Insider recently bought kr301k worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: kr3.44 (vs kr4.56 in 2Q 2022)

Chief Executive Officer of JM Suomi Oy recently bought kr320k worth of stock

AMF Fonder AB and AMF Tjänstepension AB acquired an unknown minority stake in JM AB (publ).

Independent Director recently bought kr102k worth of stock

Insider recently bought kr1.4m worth of stock

Is JM (STO:JM) Using Too Much Debt?

Upcoming dividend of kr14.00 per share at 8.2% yield

Investor sentiment deteriorates as stock falls 15%

Why JM AB (publ) (STO:JM) Could Be Worth Watching

Full year 2022 earnings: EPS and revenues exceed analyst expectations

JM AB (publ) to Report Q1, 2023 Results on Apr 27, 2023

JM (STO:JM) Has Announced That It Will Be Increasing Its Dividend To SEK14.00

Full year 2022 earnings released: EPS: kr22.80 (vs kr26.06 in FY 2021)

Kaj-Gustaf Bergh Declines Re-Election as Board Member of JM AB (publ)

Investor sentiment improves as stock rises 16%

Price target increased by 25% to kr200

Calculating The Intrinsic Value Of JM AB (publ) (STO:JM)

Is JM (STO:JM) Using Too Much Debt?

Price target decreased to kr160

JM AB (Publ) Announces Resignation of Carl Bandhold as CFO

JM AB (publ) to Report Fiscal Year 2022 Results on Feb 01, 2023

Second quarter 2022 earnings released: EPS: kr4.56 (vs kr6.89 in 2Q 2021)

Now 20% undervalued after recent price drop

Swedbank Robur Fonder AB acquired a 5.07% stake in JM AB (publ).

JM AB (publ), Annual General Meeting, Mar 30, 2023

JM AB (Publ) Announces Annica Ånäs Leaves Board of Directors

Is JM AB (publ) (STO:JM) Trading At A 25% Discount?

Now 21% undervalued after recent price drop

Should You Think About Buying JM AB (publ) (STO:JM) Now?

Now 22% undervalued after recent price drop

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

We Think JM (STO:JM) Can Stay On Top Of Its Debt

Independent Director recently bought kr210k worth of stock

Swedish Fortifications Agency signed an agreement to acquire office project K1 Karlbergs Strand in Solna from JM AB (publ) (OM:JM) for SEK 2.4 billion.

Swedish Fortifications Agency signed an agreement to acquire office project K1 Karlbergs Strand in Solna from JM AB (publ) (OM:JM) for SEK 2.4 billion.

Independent Director recently bought kr99k worth of stock

CFO & Head of Investor Relations recently bought kr1.3m worth of stock

Why JM AB (publ) (STO:JM) Could Be Worth Watching