OM:NEWA B

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Executive Summary

New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Europe, Southern Europe, and internationally. More Details


Snowflake Analysis

Excellent balance sheet and good value.


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 is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NEWA B's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-7.1%

NEWA B

-5.9%

SE Luxury

-0.8%

SE Market


1 Year Return

-1.4%

NEWA B

5.6%

SE Luxury

15.5%

SE Market

Return vs Industry: NEWA B underperformed the Swedish Luxury industry which returned 6.7% over the past year.

Return vs Market: NEWA B underperformed the Swedish Market which returned 17.1% over the past year.


Shareholder returns

NEWA BIndustryMarket
7 Day-7.1%-5.9%-0.8%
30 Day4.9%3.7%3.4%
90 Day44.3%29.1%17.3%
1 Year-1.4%-1.4%5.8%5.6%18.5%15.5%
3 Year10.3%3.6%-7.5%-14.2%48.6%30.9%
5 Year118.5%95.6%13.1%-1.6%92.9%52.2%

Long-Term 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

Valuation

Is New Wave Group undervalued compared to its fair value and its price relative to the market?

8.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEWA B (SEK57.5) is trading below our estimate of fair value (SEK62.88)

Significantly Below Fair Value: NEWA B is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NEWA B is good value based on its PE Ratio (11.7x) compared to the XE Luxury industry average (31.4x).

PE vs Market: NEWA B is good value based on its PE Ratio (11.7x) compared to the Swedish market (23.9x).


Price to Earnings Growth Ratio

PEG Ratio: NEWA B is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: NEWA B is good value based on its PB Ratio (1x) compared to the SE Luxury industry average (1.7x).


Next Steps

Future Growth

How is New Wave Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEWA B's forecast earnings growth (8.9% per year) is above the savings rate (0.4%).

Earnings vs Market: NEWA B's earnings (8.9% per year) are forecast to grow slower than the Swedish market (11% per year).

High Growth Earnings: NEWA B's earnings are forecast to grow, but not significantly.

Revenue vs Market: NEWA B's revenue (3.3% per year) is forecast to grow faster than the Swedish market (3.1% per year).

High Growth Revenue: NEWA B's revenue (3.3% 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 (8.6%).


Next Steps

Past Performance

How has New Wave Group performed over the past 5 years?

12.8%

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 (5.2%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: NEWA B's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: NEWA B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NEWA B had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Luxury industry average (-33.2%).


Return on Equity

High ROE: NEWA B's Return on Equity (8.3%) is considered low.


Next Steps

Financial Health

How is New Wave Group's financial position?


Financial Position Analysis

Short Term Liabilities: NEWA B's short term assets (SEK4.9B) exceed its short term liabilities (SEK1.7B).

Long Term Liabilities: NEWA B's short term assets (SEK4.9B) exceed its long term liabilities (SEK2.3B).


Debt to Equity History and Analysis

Debt Level: NEWA B's debt to equity ratio (47.1%) is considered high.

Reducing Debt: NEWA B's debt to equity ratio has reduced from 98.5% to 47.1% over the past 5 years.

Debt Coverage: NEWA B's debt is well covered by operating cash flow (51.4%).

Interest Coverage: NEWA B's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Next Steps

Dividend

What is New Wave Group current dividend yield, its reliability and sustainability?

3.70%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NEWA B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NEWA B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NEWA B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NEWA B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NEWA B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NEWA B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average management tenure


CEO

Torsten Jansson (58 yo)

11.67yrs

Tenure

kr1,200,000

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 ($USD143.70K) is below average for companies of similar size in the Swedish market ($USD507.81K).

Compensation vs Earnings: Torsten's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Torsten Jansson
Founder11.67yrskr1.20m34%
SEK 1.3b
Lars Jönsson
Chief Financial Officer14yrsno datano data
Rebecka Zetterström
Corporate Legal Counsel and CSR Managerno datano datano data
Göran Härstedt
Deputy CEO & Deputy Group CEO20yrsno data0.17%
SEK 6.6m
Mark Cao
Chief Buying Officer3.83yrsno datano data

12.8yrs

Average Tenure

56.5yo

Average Age

Experienced Management: NEWA B's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Torsten Jansson
Founder11.67yrskr1.20m34%
SEK 1.3b
M. Widerberg
Independent Director7yrskr230.00k0.015%
SEK 574.9k
Mats Årjes
Independent Director14yrskr175.00k0.015%
SEK 574.9k
Olof Persson
Independent Chairman of the Board4.67yrskr370.00k0.053%
SEK 2.0m
Christina Bellander
Independent Director11.67yrskr230.00k0.0030%
SEK 114.8k
Jonas Eriksson
Independent Director1.67yrskr120.00k0.015%
SEK 574.9k
Magdalena Forsberg
Independent Director1.67yrskr120.00kno data

7.0yrs

Average Tenure

56yo

Average Age

Experienced Board: NEWA B's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NEWA B 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: kr3.815b
  • Shares outstanding: 66.34m
  • Website: https://www.nwg.se

Number of Employees


Location

  • New Wave Group AB (publ)
  • Kungsportsavenyen 10
  • Gothenburg
  • Västra Götaland County
  • 411 36
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NEWA BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKDec 1997
0KIZLSE (London Stock Exchange)YesSeries B SharesGBSEKDec 1997
NWGDB (Deutsche Boerse AG)YesSeries B SharesDEEURDec 1997
NEWABsBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKDec 1997

Biography

New Wave Group AB (publ) designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, rest of Nordic countries, Central Eu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/27 20:41
End of Day Share Price2021/01/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.