OM:ACROUD

Stock Analysis Report

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Executive Summary

Acroud AB (publ) owns, develops, and operates comparison and news sites, primarily in iGaming affiliation in Sweden. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ACROUD is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ACROUD's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

ACROUD

3.8%

SE Hospitality

1.6%

SE Market


1 Year Return

-42.9%

ACROUD

74.1%

SE Hospitality

15.6%

SE Market

Return vs Industry: ACROUD underperformed the Swedish Hospitality industry which returned 78.1% over the past year.

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


Shareholder returns

ACROUDIndustryMarket
7 Day-2.1%3.8%1.6%
30 Day-4.8%11.5%5.6%
90 Day5.3%27.0%10.9%
1 Year-42.9%-42.9%81.1%74.1%18.7%15.6%
3 Yearn/a133.5%109.8%48.6%30.9%
5 Year-61.6%-61.6%212.7%174.7%87.5%47.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Acroud undervalued compared to its fair value and its price relative to the market?

8.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ACROUD (SEK2.8) is trading above our estimate of fair value (SEK2.1)

Significantly Below Fair Value: ACROUD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ACROUD is good value based on its PE Ratio (8.2x) compared to the SE Hospitality industry average (21.8x).

PE vs Market: ACROUD is good value based on its PE Ratio (8.2x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACROUD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ACROUD is good value based on its PB Ratio (0.8x) compared to the SE Hospitality industry average (3.9x).


Next Steps

Future Growth

How is Acroud forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.6%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Acroud has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Acroud performed over the past 5 years?

49.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACROUD has a large one-off loss of €1.1M impacting its September 30 2020 financial results.

Growing Profit Margin: ACROUD's current net profit margins (20.5%) are lower than last year (37.2%).


Past Earnings Growth Analysis

Earnings Trend: ACROUD has become profitable over the past 5 years, growing earnings by 49.4% per year.

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

Earnings vs Industry: ACROUD had negative earnings growth (-56.3%) over the past year, making it difficult to compare to the Hospitality industry average (5.7%).


Return on Equity

High ROE: ACROUD's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Acroud's financial position?


Financial Position Analysis

Short Term Liabilities: ACROUD's short term assets (€4.1M) exceed its short term liabilities (€2.1M).

Long Term Liabilities: ACROUD's short term assets (€4.1M) do not cover its long term liabilities (€22.7M).


Debt to Equity History and Analysis

Debt Level: ACROUD's debt to equity ratio (79.8%) is considered high.

Reducing Debt: ACROUD's debt to equity ratio has increased from 9% to 79.8% over the past 5 years.

Debt Coverage: ACROUD's debt is well covered by operating cash flow (29.5%).

Interest Coverage: ACROUD's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Acroud current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ACROUD'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 ACROUD's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACROUD'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?

1.7yrs

Average management tenure


CEO

Robert Andersson (43 yo)

0.92

Tenure

Mr. Robert Andersson has been President and Chief Executive Officer of Acroud AB (publ) since February 21, 2020. Mr. Andersson served as Chief Executive Officer and President of Nordic Leisure AB (Publ) si...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Andersson
President & CEO0.92yrno data0.88%
€ 2.8m
Gustav Vadenbring
CFO & Secretary2.42yrsno data0.026%
€ 84.0k
Erik Gjerde
COO & Deputy CEO0.50yrno datano data
Richard Chindt
Group Chief Accountant2.42yrsno datano data
Clinton Cutajar
Chief Technology Officer2.33yrsno datano data
John Cremona
Chief Legal Officerno datano datano data
Erica Spiteri
Head of Designno datano datano data
Olga Tsalle
Chief Commercial Officer1yrno datano data

1.7yrs

Average Tenure

43yo

Average Age

Experienced Management: ACROUD's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Peter Åström
Independent Director2yrsno datano data
Fredrik Rüdén
Independent Director2yrsno data0.13%
€ 420.0k
Henrik Kvick
Chairman of the Board8.75yrs€1.81kno data
Jonas Bertilsson
Independent Director4.17yrs€1.81k0.38%
€ 1.2m
Kim Mikkelsen
Independent Director0.58yrno datano data

2.0yrs

Average Tenure

51yo

Average Age

Experienced Board: ACROUD's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 50.7%.


Top Shareholders

Company Information

Acroud AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acroud AB (publ)
  • Ticker: ACROUD
  • Exchange: OM
  • Founded: 2003
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr319.060m
  • Shares outstanding: 113.95m
  • Website: https://www.acroud.com

Number of Employees


Location

  • Acroud AB (publ)
  • The Strand
  • 114, Floor 5
  • Gzira
  • GZR1027
  • Malta

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACROUDOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKMay 2009
7NGDB (Deutsche Boerse AG)YesClass A SharesDEEURMay 2009

Biography

Acroud AB (publ) owns, develops, and operates comparison and news sites, primarily in iGaming affiliation in Sweden. The company was formerly known as Net Gaming Europe AB (publ) and changed its name to Ac...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 20:12
End of Day Share Price2021/01/22 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.