New Wave Group
Market Cap
kr4.1b
Last Updated
2020/02/16 20:32 UTC
Data Sources
Company Financials +
Executive Summary
New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued established dividend payer.
Similar Companies
Share Price & News
How has New Wave Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NEWA B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
NEWA B
-1.4%
SE Luxury
2.5%
SE Market
1 Year Return
-1.1%
NEWA B
-8.8%
SE Luxury
21.8%
SE Market
Return vs Industry: NEWA B exceeded the Swedish Luxury industry which returned -8.8% over the past year.
Return vs Market: NEWA B underperformed the Swedish Market which returned 21.8% over the past year.
Shareholder returns
| NEWA B | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.4% | 2.5% |
| 30 Day | 2.3% | -1.9% | 3.3% |
| 90 Day | 6.4% | 4.4% | 10.2% |
| 1 Year | 1.8%-1.1% | -6.1%-8.8% | 26.8%21.8% |
| 3 Year | 9.9%1.1% | -40.5%-44.3% | 38.0%17.1% |
| 5 Year | 75.1%53.2% | 114.4%92.0% | 46.9%15.5% |
Price Volatility Vs. Market
How volatile is New Wave Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
New Wave Group AB (publ) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For Next Year2 weeks ago | Simply Wall St
How Do New Wave Group AB (publ)’s (STO:NEWA B) Returns On Capital Compare To Peers?3 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine New Wave Group AB (publ) (STO:NEWA B)?Valuation
Is New Wave Group undervalued compared to its fair value and its price relative to the market?
27.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NEWA B (SEK61.9) is trading below our estimate of fair value (SEK85.04)
Significantly Below Fair Value: NEWA B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NEWA B is good value based on its PE Ratio (10.9x) compared to the Luxury industry average (18.8x).
PE vs Market: NEWA B is good value based on its PE Ratio (10.9x) compared to the Swedish market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: NEWA B is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: NEWA B is good value based on its PB Ratio (1.1x) compared to the SE Luxury industry average (1.8x).
Next Steps
Future Growth
How is New Wave Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NEWA B's forecast earnings growth (7.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: NEWA B's earnings (7.6% per year) are forecast to grow slower than the Swedish market (8.4% per year).
High Growth Earnings: NEWA B's earnings are forecast to grow, but not significantly.
Revenue vs Market: NEWA B's revenue (3.9% per year) is forecast to grow slower than the Swedish market (4.6% per year).
High Growth Revenue: NEWA B's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NEWA B's Return on Equity is forecast to be low in 3 years time (10.9%).
Next Steps
Past Performance
How has New Wave Group performed over the past 5 years?
19.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NEWA B has high quality earnings.
Growing Profit Margin: NEWA B's current net profit margins (5.4%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: NEWA B's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: NEWA B's earnings growth over the past year (3.3%) is below its 5-year average (19% per year).
Earnings vs Industry: NEWA B earnings growth over the past year (3.3%) exceeded the Luxury industry -7.1%.
Return on Equity
High ROE: NEWA B's Return on Equity (9.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is New Wave Group's financial position?
Financial Position Analysis
Short Term Liabilities: NEWA B's short term assets (SEK5.3B) exceed its short term liabilities (SEK1.6B).
Long Term Liabilities: NEWA B's short term assets (SEK5.3B) exceed its long term liabilities (SEK3.0B).
Debt to Equity History and Analysis
Debt Level: NEWA B's debt to equity ratio (66.6%) is considered high.
Reducing Debt: NEWA B's debt to equity ratio has reduced from 85% to 66.6% over the past 5 years.
Debt Coverage: NEWA B's debt is not well covered by operating cash flow (4%).
Interest Coverage: NEWA B's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
Inventory Level: NEWA B has a high level of physical assets or inventory.
Debt Coverage by Assets: NEWA B's debt is covered by short term assets (assets are 2.1x debt).
Next Steps
Dividend
What is New Wave Group's current dividend yield, its reliability and sustainability?
3.55%
Current Dividend Yield
Upcoming Dividend Payment
Purchase New Wave Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NEWA B's dividend (3.55%) is higher than the bottom 25% of dividend payers in the Swedish market (1.55%).
High Dividend: NEWA B's dividend (3.55%) is low compared to the top 25% of dividend payers in the Swedish market (4.21%).
Stability and Growth of Payments
Stable Dividend: NEWA B's dividends per share have been stable in the past 10 years.
Growing Dividend: NEWA B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.9%), NEWA B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NEWA B's dividends in 3 years are forecast to be well covered by earnings (40.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.5yrs
Average management tenure
CEO
Torsten Jansson (57yo)
10.8yrs
Tenure
kr1,300,000
Compensation
Mr. Torsten Jansson, VD, has been the Group CEO since 2019 at New Wave Group AB (publ). Mr. Jansson serves as the President of New Wave Group AB (publ). He served as Managing Director at New Wave Group AB ...
CEO Compensation Analysis
Compensation vs Market: Torsten's total compensation ($USD133.83K) is below average for companies of similar size in the Swedish market ($USD551.26K).
Compensation vs Earnings: Torsten's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.8yrs | kr1.30m | 34.17% SEK1.4b | |
| Chief Financial Officer | 13.1yrs | no data | no data | |
| Corporate Legal Counsel and CSR Manager | 0yrs | no data | no data | |
| 1st Senior Vice President | 19.1yrs | no data | 0.17% SEK7.1m | |
| Chief Buying Officer | 2.9yrs | no data | no data | |
| Manager of Corporate Promo | 0yrs | no data | 0.030% SEK1.2m | |
| Managing Director of Jobman Workwear | 22.1yrs | no data | no data | |
| Managing Director of New Wave France SAS | 14yrs | no data | no data | |
| CEO of New Wave Group USA Inc & Area Manager North America | 0yrs | no data | no data |
13.5yrs
Average Tenure
55.5yo
Average Age
Experienced Management: NEWA B's management team is seasoned and experienced (13.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 10.8yrs | kr1.30m | 34.17% SEK1.4b | |
| Independent Director | 6.1yrs | kr215.00k | 0.015% SEK618.9k | |
| Independent Director | 13.1yrs | kr161.67k | 0.015% SEK618.9k | |
| Chairman of the Board | 3.8yrs | kr343.33k | 0.053% SEK2.2m | |
| Independent Director | 10.8yrs | kr215.00k | 0.0030% SEK123.6k | |
| Director | 0.8yrs | no data | no data | |
| Director | 0.8yrs | no data | no data |
6.1yrs
Average Tenure
57yo
Average Age
Experienced Board: NEWA B's board of directors are considered experienced (6.1 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
New Wave Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: New Wave Group AB (publ)
- Ticker: NEWA B
- Exchange: OM
- Founded: 1990
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: kr4.107b
- Shares outstanding: 66.34m
- Website: https://www.nwg.se
Number of Employees
Location
- New Wave Group AB (publ)
- Kungsportsavenyen 10
- Gothenburg
- 411 36
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NEWA B | OM (OMX Nordic Exchange Stockholm) | Yes | Series B Shares | SE | SEK | Dec 1997 |
| 0KIZ | LSE (London Stock Exchange) | Yes | Series B Shares | GB | SEK | Dec 1997 |
| NWG | DB (Deutsche Boerse AG) | Yes | Series B Shares | DE | EUR | Dec 1997 |
| NEWABs | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Series B Shares | GB | SEK | Dec 1997 |
Biography
New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate promo, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally. The company operates through three segments: Corporate, Sports & Leisure, and Gifts & Home Furnishings. The Corporate segment offers promo wear products, such as garments made of various textiles, as well as leisure, work, and sports clothes under the D.A.D Sportswear, James Harvest Sportswear, Cottover, and Clique brand names; and promotional gifts, including pens, powerbanks, gift cards, handbags, bed linens, and towels under the d-vice, Queen Anne, and Toppoint brands. It also provides a range of work wear products comprising underwear, outer garments, reflective clothing, flame protective, and accessories for professional categories, which consist of construction and installation workers, painters and plasterers, transport and service, and hotel and restaurant workers under the Jobman and ProJob brand names. The Sports & Leisure segment provides clothes and shoes for sports, golf, hunting, fishing, and fashion trade under the Sköna Marie, Termo, PAX, Paris Glove, Laurentide, AHEAD, Craft, Seger, Auclair, Cutter & Buck, Clique Retail, Marstrand, and Speedo brand names. The Gifts & Home Furnishings segment provides gifts and home furnishing products under the Sagaform, Orrefors, Kosta Boda, Kosta Boda Art Hotel, Kosta Lodge, and Safaripark brand names. The company also offers its products through its outlets. New Wave Group AB (publ) was founded in 1990 and is headquartered in Gothenburg, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 20:32 |
| 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.