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.


Snowflake Analysis

Very undervalued with adequate balance sheet.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.7%

NEWA B

0.3%

SE Luxury

2.8%

SE Market


1 Year Return

-58.7%

NEWA B

-58.3%

SE Luxury

2.5%

SE Market

Return vs Industry: NEWA B matched the Swedish Luxury industry which returned -58.7% over the past year.

Return vs Market: NEWA B underperformed the Swedish Market which returned 0.6% over the past year.


Shareholder returns

NEWA BIndustryMarket
7 Day-0.7%0.3%2.8%
30 Day1.1%1.5%6.5%
90 Day-52.2%-49.0%-10.8%
1 Year-58.7%-58.7%-58.3%-58.3%3.9%2.5%
3 Year-53.0%-55.9%-72.4%-74.1%9.3%-5.6%
5 Year-31.8%-38.9%69.3%52.9%22.6%-1.2%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NEWA B (SEK26.7) is trading below our estimate of fair value (SEK70.1)

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 (5.7x) compared to the Luxury industry average (15.5x).

PE vs Market: NEWA B is good value based on its PE Ratio (5.7x) compared to the Swedish market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: NEWA B is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: NEWA B is good value based on its PB Ratio (0.5x) compared to the SE Luxury industry average (1x).


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?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NEWA B's forecast earnings growth (16.5% per year) is above the savings rate (0.5%).

Earnings vs Market: NEWA B's earnings (16.5% per year) are forecast to grow slower than the Swedish market (16.7% per year).

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

Revenue vs Market: NEWA B's revenue (1% per year) is forecast to grow slower than the Swedish market (6% per year).

High Growth Revenue: NEWA B's revenue (1% 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 (7.2%).


Next Steps

Past Performance

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

17.1%

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 (4.6%) are lower than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: NEWA B's earnings have grown by 17.1% 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 (-18.5%) over the past year, making it difficult to compare to the Luxury industry average (-16.7%).


Return on Equity

High ROE: NEWA B's Return on Equity (7.8%) 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 (SEK5.2B) exceed its short term liabilities (SEK1.6B).

Long Term Liabilities: NEWA B's short term assets (SEK5.2B) exceed its long term liabilities (SEK2.9B).


Debt to Equity History and Analysis

Debt Level: NEWA B's debt to equity ratio (60.8%) is considered high.

Reducing Debt: NEWA B's debt to equity ratio has reduced from 85.6% to 60.8% over the past 5 years.

Debt Coverage: NEWA B's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: NEWA B's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

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

3.12%

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?

12.2yrs

Average management tenure


CEO

Torsten Jansson (57yo)

11yrs

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 ($USD123.94K) is below average for companies of similar size in the Swedish market ($USD431.00K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Torsten Jansson
Founder11yrskr1.20m34.08% SEK595.8m
Lars Jönsson
Chief Financial Officer13.33yrsno datano data
Rebecka Zetterström
Corporate Legal Counsel and CSR Managerno datano datano data
Göran Härstedt
Deputy CEO & Deputy Group CEO19.33yrsno data0.17% SEK3.0m
Mark Cao
Chief Buying Officer3.17yrsno datano data

12.2yrs

Average Tenure

55.5yo

Average Age

Experienced Management: NEWA B's management team is seasoned and experienced (12.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Torsten Jansson
Founder11yrskr1.20m34.08% SEK595.8m
M. Widerberg
Independent Director6.33yrskr230.00k0.015% SEK263.4k
Mats Årjes
Independent Director13.33yrskr175.00k0.015% SEK263.4k
Olof Persson
Independent Chairman of the Board4yrskr370.00k0.053% SEK922.3k
Christina Bellander
Independent Director11yrskr230.00k0.0030% SEK52.6k
Jonas Eriksson
Independent Director1yrkr120.00kno data
Magdalena Forsberg
Independent Director1yrkr120.00kno data

6.3yrs

Average Tenure

55yo

Average Age

Experienced Board: NEWA B's board of directors are considered experienced (6.3 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: Insufficient data to determine if shareholders have been 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: kr1.748b
  • 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 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 clothes for printing and embroidery, as well as leisure, work, and sports clothes; promotional gifts, including pens, powerbanks, gift cards, bags, bed linens, and towels; and 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 D.A.D Sportswear, James Harvest Sportswear, Jingham, Mac One, Printer, Cottover, Clique, d-vice, Queen Anne, Toppoint, Grizzly, J. Harvest & Frost, Lord Nelson Victory, Jobman, and ProJob brands. The Sports & Leisure segment provides clothes and shoes for sports, golf, hunting, fishing, shoe, and fashion trade under the Sköna Marie, Termo, PAX, Paris Glove, Laurentide, AHEAD, Craft, Seger, Auclair, Cutter & Buck, Clique Retail, Marstrand, and Speedo brands. The Gifts & Home Furnishings segment provides gifts and home furnishing products under the Sagaform, Kosta Förlag, Orrefors, Kosta Boda, Kosta Boda Art Hotel, Kosta Lodge, and Safaripark brands. The company also offers its products through traditional specialist retailers, e-commerce, and promo resellers, as well as through its own stores. New Wave Group AB (publ) was founded in 1990 and is headquartered in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 20:38
End of Day Share Price2020/05/25 00:00
Earnings2020/03/31
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.