OM:ATIC

Stock Analysis Report

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Executive Summary

Actic Group AB (publ) operates health and fitness clubs in Sweden, Norway, Germany, and Austria. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-7.1%

ATIC

3.8%

SE Hospitality

1.6%

SE Market


1 Year Return

-33.9%

ATIC

74.1%

SE Hospitality

15.6%

SE Market

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

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


Shareholder returns

ATICIndustryMarket
7 Day-7.1%3.8%1.6%
30 Day18.9%11.5%5.6%
90 Day26.9%27.0%10.9%
1 Year-33.9%-33.9%81.1%74.1%18.7%15.6%
3 Year-57.6%-58.9%133.5%109.8%48.6%30.9%
5 Yearn/a212.7%174.7%87.5%47.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Actic 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: ATIC (SEK17) is trading below our estimate of fair value (SEK195.05)

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


Price To Earnings Ratio

PE vs Industry: ATIC is unprofitable, so we can't compare its PE Ratio to the SE Hospitality industry average.

PE vs Market: ATIC is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ATIC is good value based on its PB Ratio (1x) compared to the SE Hospitality industry average (3.9x).


Next Steps

Future Growth

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

6.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATIC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ATIC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ATIC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ATIC's revenue (11.5% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: ATIC's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATIC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Actic Group performed over the past 5 years?

-55.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATIC is currently unprofitable.

Growing Profit Margin: ATIC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATIC is unprofitable, and losses have increased over the past 5 years at a rate of 55.9% per year.

Accelerating Growth: Unable to compare ATIC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ATIC is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (5.7%).


Return on Equity

High ROE: ATIC has a negative Return on Equity (-4.67%), as it is currently unprofitable.


Next Steps

Financial Health

How is Actic Group's financial position?


Financial Position Analysis

Short Term Liabilities: ATIC's short term assets (SEK216.4M) do not cover its short term liabilities (SEK420.8M).

Long Term Liabilities: ATIC's short term assets (SEK216.4M) do not cover its long term liabilities (SEK1.1B).


Debt to Equity History and Analysis

Debt Level: ATIC's debt to equity ratio (165.3%) is considered high.

Reducing Debt: ATIC's debt to equity ratio has reduced from 172.4% to 165.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ATIC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ATIC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 42.7% per year.


Next Steps

Dividend

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

4.71%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

2.0yrs

Average management tenure


CEO

Anders Carlbark (39 yo)

2.08yrs

Tenure

kr3,243,000

Compensation

Mr. Anders Carlbark has been an Chief Executive Officer at Actic Group AB (publ) since April 2019 and was its Acting Marketing Manager since December 2018. He serves as Global Head of Merchandising at H&M....


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD391.18K) is above average for companies of similar size in the Swedish market ($USD241.80K).

Compensation vs Earnings: Anders's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Anders Carlbark
Chief Executive Officer2.08yrskr3.24m0.063%
SEK 175.5k
Stephan Ebberyd
Interim Chief Financial Officer1yrno datano data
Sofia Brandberg
Chief Marketing Officer2yrsno datano data
Linda Nilsson
Head of Human Resources8yrsno data0.011%
SEK 30.3k
Mårten Hoffman
Head of IT4yrsno data0.0035%
SEK 9.7k
Stefan Johansson
Head of Group Expansion1.42yrsno datano data
Jonas Lissjanis
Chief Product Officer1.08yrsno datano data

2.0yrs

Average Tenure

45yo

Average Age

Experienced Management: ATIC's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Göran Carlson
Chairman of the Board3yrskr629.00kno data
Stefan Charette
Director4yrskr300.00kno data
Fredrik Söderberg
Independent Director3yrskr300.00k0.13%
SEK 351.0k
Therese Hillman
Independent Director3yrskr250.00kno data
Viktor Linnell
Independent Director2.67yrskr269.00kno data
Trine Marsdal
Independent Director1.67yrskr196.00kno data

3.0yrs

Average Tenure

47yo

Average Age

Experienced Board: ATIC's board of directors are considered experienced (3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ATIC 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

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


Key Information

  • Name: Actic Group AB (publ)
  • Ticker: ATIC
  • Exchange: OM
  • Founded: 1981
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: kr278.991m
  • Shares outstanding: 15.90m
  • Website: https://www.acticgroup.com

Number of Employees


Location

  • Actic Group AB (publ)
  • Drottning Kristinas Esplanad 12
  • Box 1805
  • Solna
  • Stockholm County
  • 171 21
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0ROILSE (London Stock Exchange)YesClass A SharesGBSEKApr 2017
ATICOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKApr 2017
8XADB (Deutsche Boerse AG)YesClass A SharesDEEURApr 2017
ATICSBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKApr 2017

Biography

Actic Group AB (publ) operates health and fitness clubs in Sweden, Norway, Germany, and Austria. It offers gym and swim facilities, as well as access to fitness clubs, PTs, and group training. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 19:01
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.