OM:NIL B

Stock Analysis Report

Executive Summary

Nilörngruppen AB produces and sells labels, packaging products, and accessories worldwide.


Snowflake Analysis

Undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Nilörngruppen's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NIL B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.6%

NIL B

-8.3%

SE Luxury

-6.2%

SE Market


1 Year Return

-38.3%

NIL B

-20.3%

SE Luxury

15.8%

SE Market

Return vs Industry: NIL B underperformed the Swedish Luxury industry which returned -20.1% over the past year.

Return vs Market: NIL B underperformed the Swedish Market which returned 15.2% over the past year.


Shareholder returns

NIL BIndustryMarket
7 Day-10.6%-8.3%-6.2%
30 Day-18.0%-6.2%-0.1%
90 Day-30.9%-8.4%4.2%
1 Year-35.0%-38.3%-17.8%-20.3%20.2%15.8%
3 Year-45.3%-52.0%-51.7%-55.3%29.4%10.8%
5 Yearn/a94.4%74.2%39.8%11.4%

Price Volatility Vs. Market

How volatile is Nilörngruppen's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nilörngruppen 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: NIL B (SEK45.4) is trading below our estimate of fair value (SEK193.36)

Significantly Below Fair Value: NIL B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NIL B is good value based on its PE Ratio (11x) compared to the Luxury industry average (17.4x).

PE vs Market: NIL B is good value based on its PE Ratio (11x) compared to the Swedish market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: NIL B is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: NIL B is overvalued based on its PB Ratio (2.8x) compared to the SE Luxury industry average (1.6x).


Next Steps

Future Growth

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

16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIL B's forecast earnings growth (16% per year) is above the savings rate (-0.4%).

Earnings vs Market: NIL B's earnings (16% per year) are forecast to grow faster than the Swedish market (8% per year).

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

Revenue vs Market: NIL B's revenue (6.6% per year) is forecast to grow faster than the Swedish market (4.6% per year).

High Growth Revenue: NIL B's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NIL B's Return on Equity is forecast to be high in 3 years time (26.7%)


Next Steps

Past Performance

How has Nilörngruppen performed over the past 5 years?

11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NIL B has high quality earnings.

Growing Profit Margin: NIL B's current net profit margins (6.6%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: NIL B's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: NIL 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: NIL B had negative earnings growth (-33.2%) over the past year, making it difficult to compare to the Luxury industry average (-11.5%).


Return on Equity

High ROE: NIL B's Return on Equity (25.3%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nilörngruppen's financial position?


Financial Position Analysis

Short Term Liabilities: NIL B's short term assets (SEK231.3M) exceed its short term liabilities (SEK174.4M).

Long Term Liabilities: NIL B's short term assets (SEK231.3M) exceed its long term liabilities (SEK50.9M).


Debt to Equity History and Analysis

Debt Level: NIL B's debt to equity ratio (35.5%) is considered satisfactory.

Reducing Debt: NIL B's debt to equity ratio has increased from 5.7% to 35.5% over the past 5 years.

Debt Coverage: NIL B's debt is well covered by operating cash flow (95.7%).

Interest Coverage: NIL B's interest payments on its debt are well covered by EBIT (21.4x coverage).


Balance Sheet

Inventory Level: NIL B has a high level of physical assets or inventory.

Debt Coverage by Assets: NIL B's debt is covered by short term assets (assets are 3.5x debt).


Next Steps

Dividend

What is Nilörngruppen's current dividend yield, its reliability and sustainability?

5.61%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Nilörngruppen before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.6%marketbottom25%1.7%markettop25%4.4%industryaverage1.8%forecastin3Years8.4%

Current dividend yield vs market & industry

Notable Dividend: NIL B's dividend (5.51%) is higher than the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: NIL B's dividend (5.51%) is in the top 25% of dividend payers in the Swedish market (4.36%)


Stability and Growth of Payments

Stable Dividend: NIL B has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NIL B has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.3%), NIL B's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NIL B's dividends in 3 years are forecast to be covered by earnings (62.9% payout ratio).


Next Steps

Management

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

11.8yrs

Average management tenure


CEO

Claes Wetterstedt (57yo)

11.1yrs

Tenure

0

Mr. Claes af Wetterstedt has been the Chief Executive Officer at Nilörngruppen AB since November 2001 and also serves as its President and Head of Marketing & Sales. Mr. Wetterstedt also serves as Managing ...


Leadership Team

NamePositionTenureCompensationOwnership
Claes Wetterstedt
Chief Executive Officer11.1yrsno data0.71% SEK3.7m
Krister Magnusson
Chief Financial Officer11.8yrsno data0.53% SEK2.7m
Michael Seedorff
Managing Director of Sales - Nilorn Denmark A/S0yrsno datano data
Martin Dahlqvist
Managing Director of Nilörn Produktion Ab22.1yrsno datano data
Per-Arne Johansson
Managing Director of Borås Etikettväveri Ab0yrsno datano data
Vivek Sarin
Managing Director of Calmon Abacus0yrsno datano data
Elizabeth Sampaio
Managing Director of Nilron Portugal0yrsno datano data
Karl-Heinz Hamacher
Managing Director of Nilorn Germany GmbH0yrsno datano data
Martin Bally
Managing Director of Bally Labels AG0yrsno datano data
Michael Diesendorff
Managing Director of HH Calmon & Co Ltd0yrsno datano data

11.8yrs

Average Tenure

58yo

Average Age

Experienced Management: NIL B's management team is seasoned and experienced (11.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Petter Stillström
Chairman11.1yrsno datano data
Vilhelm Schottenius
Independent Director11.1yrsno data0.088% SEK454.0k
Johan Larsson
Independent Director1.8yrsno data0.013% SEK68.1k
Blenda Lagerkvist
Independent Director1.8yrsno datano data

6.4yrs

Average Tenure

48yo

Average Age

Experienced Board: NIL B's board of directors are considered experienced (6.4 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

Nilörngruppen AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nilörngruppen AB
  • Ticker: NIL B
  • Exchange: OM
  • Founded: 1970
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: kr517.650m
  • Shares outstanding: 11.40m
  • Website: https://www.nilorn.com

Number of Employees


Location

  • Nilörngruppen AB
  • Wieslanders väg 3
  • Box 499
  • Boras
  • Västra Götaland County
  • 501 13
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIL BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJun 2015
NLLG.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJun 2015
0GB5LSE (London Stock Exchange)YesClass B SharesGBSEKJun 2015
NILBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKJun 2015

Biography

Nilörngruppen AB produces and sells labels, packaging products, and accessories worldwide. It offers various woven, textile, and embossed labels, as well as hang tags; and packaging products, such as labelled boxes, cartons, and paper and plastic bags. The company also provides accessories, including buttons, zip pulls, buckles, silicones, leather products, etc.; and garment care labels. In addition, it offers security and anti-counterfeit products, as well as solutions for variable data/RIS applications. Nilörngruppen AB was founded in 1970 and is headquartered in Boras, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 22:37
End of Day Share Price2020/02/26 00:00
Earnings2019/12/31
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.