OM:SHOT

Stock Analysis Report

Executive Summary

Scandic Hotels Group AB (publ), together with its subsidiaries, operates and franchises hotels in Sweden, Norway, Finland, and other European Countries.

Snowflake

Fundamentals

Fair value second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.6%

SHOT

4.5%

SE Hospitality

2.9%

SE Market


1 Year Return

-12.5%

SHOT

10.5%

SE Hospitality

9.0%

SE Market

Return vs Industry: SHOT underperformed the Swedish Hospitality industry which returned 10.5% over the past year.

Return vs Market: SHOT underperformed the Swedish Market which returned 9% over the past year.


Share holder returns

SHOTIndustryMarket
7 Day5.6%4.5%2.9%
30 Day0.4%0.2%-0.4%
90 Day-0.4%-1.5%0.3%
1 Year-8.7%-12.5%12.8%10.5%13.7%9.0%
3 Year13.2%3.1%34.1%27.0%30.5%11.1%
5 Yearn/a52.9%40.5%66.0%30.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Scandic Hotels Group undervalued based on future cash flows and its price relative to the stock market?

10.89x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: SHOT (SEK81.45) is trading above our estimate of fair value (SEK52.66)

Significantly Undervalued: SHOT is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: SHOT is good value based on its PE Ratio (10.9x) compared to the Hospitality industry average (16.8x).

PE vs Market: SHOT is good value based on its PE Ratio (10.9x) compared to the Swedish market (16.7x).


Price Based on Expected Growth

Low PEG Ratio: SHOT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: SHOT is good value based on its PB Ratio (1.3x) compared to the SE Hospitality industry average (2.9x).


Next Steps

Future Growth

How is Scandic Hotels Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

-0.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SHOT's earnings are forecast to decline over the next 3 years (-0.9% per year).

Earnings vs Market: SHOT's earnings are forecast to decline over the next 3 years (-0.9% per year).

High Growth Earnings: SHOT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SHOT's revenue (4.2% per year) is forecast to grow slower than the Swedish market (4.5% per year).

High Growth Revenue: SHOT's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: SHOT's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has Scandic Hotels Group performed over the past 5 years?

39.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SHOT has become profitable over the past 5 years, growing earnings by 39.6% per year.

Accelerating Growth: SHOT's earnings growth over the past year (18.2%) is below its 5-year average (39.6% per year).

Earnings vs Industry: SHOT earnings growth over the past year (18.2%) underperformed the Hospitality industry 18.2%.


Return on Equity

High ROE: SHOT's Return on Equity (12.2%) is considered low.


Return on Assets

ROA vs Industry: SHOT's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: SHOT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Scandic Hotels Group's financial position?


Financial Position Analysis

Short Term Liabilities: SHOT's short term assets (SEK1.8B) do not cover its short term liabilities (SEK6.8B)

Long Term Liabilities: SHOT's short term assets (1.8B) do not cover its long term liabilities (31.5B)


Debt to Equity History and Analysis

Debt Level: SHOT's debt to equity ratio (67.5%) is considered high

Reducing Debt: SHOT's debt to equity ratio has reduced from 184.9% to 67.5% over the past 5 years.

Debt Coverage: SHOT's debt is well covered by operating cash flow (74.8%).

Interest Coverage: SHOT's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: SHOT's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Scandic Hotels Group's current dividend yield, its reliability and sustainability?

4.85%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Scandic Hotels Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.3%marketbottom25%1.8%markettop25%4.8%industryaverage3.4%forecastin3Years4.8%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: SHOT's dividend (4.3%) is higher than the bottom 25% of dividend payers in the Swedish market (1.8%).

High Dividend: SHOT's dividend (4.3%) is low compared to the top 25% of dividend payers in the Swedish market (4.84%).

Stable Dividend: Whilst dividend payments have been stable, SHOT has been paying a dividend for less than 10 years.

Growing Dividend: SHOT's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.8%), SHOT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SHOT's dividends in 3 years are forecast to be covered by earnings (51.9% payout ratio).


Next Steps

Management

What is the CEO of Scandic Hotels Group's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Jens Mathiesen (50yo)

0.8yrs

Tenure

0

Mr. Jens Mathiesen is President, Chief Executive Officer of Scandic Hotels Group AB (publ) since January 17, 2019. Mr. Mathiesen was Managing Director of Denmark at Scandic Hotels Group AB since 2008. He s ...


Management Age and Tenure

3.1yrs

Average Tenure

52yo

Average Age

Experienced Management: SHOT's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

2.9yrs

Average Tenure

55yo

Average Age

Experienced Board: SHOT's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: SHOT insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Buykr89,85605 Aug 19
Ann Hellenius
EntityIndividual
Role
Chief Information Officer
Chief Information Officer
Shares1,152
Max Pricekr78.00
Sellkr342,80022 Jul 19
Peter Jangbratt
EntityIndividual
Role
Senior Key Executive
Head of Sweden
Shares4,000
Max Pricekr85.70
Sellkr1,066,00019 Jun 19
Svein Steen-Mevold
EntityIndividual
Role
Senior Key Executive
Head of Norway
Shares13,000
Max Pricekr82.00
Buykr39,25006 Jun 19
Jan Johansson
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares500
Max Pricekr78.50
Buykr375,25005 Jun 19
Jens Mathiesen
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares5,000
Max Pricekr75.05
Buykr9,979,60929 May 19
Per Braathen
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares127,000
Max Pricekr78.58
Buykr1,076,27116 May 19
Svein Steen-Mevold
EntityIndividual
Role
Senior Key Executive
Head of Norway
Shares13,538
Max Pricekr79.50
Buykr55,94015 May 19
Ann Hellenius
EntityIndividual
Role
Chief Information Officer
Chief Information Officer
Shares709
Max Pricekr78.90
Buykr214,43413 May 19
Niklas Angergård
EntityIndividual
Shares2,700
Max Pricekr79.42
Buykr394,94910 May 19
Jens Mathiesen
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares5,000
Max Pricekr79.00
Buykr275,47008 May 19
Ann Hellenius
EntityIndividual
Role
Chief Information Officer
Chief Information Officer
Shares3,466
Max Pricekr79.80
Buykr39,50008 May 19
Ann Hellenius
EntityIndividual
Role
Chief Information Officer
Chief Information Officer
Shares500
Max Pricekr79.00
Buykr4,966,29008 May 19
Per Braathen
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares63,000
Max Pricekr78.83
Buykr121,39008 May 19
Jan Johansson
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,500
Max Pricekr80.97
Buykr801,70007 May 19
Martin Svalstedt
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max Pricekr80.17
Buykr41,82522 Mar 19
Jan Johansson
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares500
Max Pricekr83.65
Sellkr64,28811 Dec 18
Lottie Knutson
EntityIndividual
Shares784
Max Pricekr82.00
Buykr720,00009 Dec 18
Even Frydenberg
EntityIndividual
Shares9,000
Max Pricekr80.00
Buykr17,266,76007 Dec 18
Stena Sessan AB
EntityCompany
Shares211,654
Max Pricekr81.80
Buykr2,439,78205 Dec 18
Christoffer Lundström
EntityIndividual
Role
Member of the Board of Directors
Director
Shares30,004
Max Pricekr81.36
Sellkr423,58505 Dec 18
Christoffer Lundström
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,223
Max Pricekr81.10
Buykr22,44030 Nov 18
Jan Johansson
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares272
Max Pricekr82.50
Buykr11,756,12227 Nov 18
Stena Sessan AB
EntityCompany
Shares148,644
Max Pricekr79.18
Buykr16,524,81619 Nov 18
Stena Sessan AB
EntityCompany
Shares206,308
Max Pricekr80.22
Buykr3,608,26302 Nov 18
Stena Sessan AB
EntityCompany
Shares43,751
Max Pricekr82.50
Buykr99,087,58031 Oct 18
Stena Sessan AB
EntityCompany
Shares1,217,948
Max Pricekr82.74
Buykr798,00030 Oct 18
Martin Svalstedt
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max Pricekr79.80
Buykr10,228,71326 Oct 18
Per Braathen
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares125,000
Max Pricekr81.83

Ownership Breakdown


Management Team

  • Svein Steen-Mevold (52yo)

    Head of Norway

    • Tenure: 0yrs
  • Jan Johansson (57yo)

    Chief Financial Officer

    • Tenure: 3.1yrs
  • Peter Jangbratt (52yo)

    Head of Sweden

    • Tenure: 0yrs
  • Aki Käyhkö (51yo)

    Head of Finland

    • Tenure: 0yrs
  • Jens Mathiesen (50yo)

    President & CEO

    • Tenure: 0.8yrs
  • Michel Schutzbach (58yo)

    Head of Europe

    • Tenure: 0yrs
  • Maria Andersson

    Director of e-Commerce & Marketing

    • Tenure: 3.2yrs
  • Elin Westin

    Director of Communications

    • Tenure: 3.1yrs
  • Henrik Vikström

    Director of Investor Relations

    • Tenure: 0yrs
  • Ann Hellenius (45yo)

    Chief Information Officer

    • Tenure: 1yrs

Board Members

  • Martin Svalstedt (56yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: kr418.33k
  • Inga Berglund (55yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: kr526.67k
  • Fredrik Wirdenius (58yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: kr418.33k
  • Riitta Savonlahti (55yo)

    Independent Director

    • Tenure: 0.4yrs
  • Per Braathen (59yo)

    Independent Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: kr762.50k
  • Susanne Koch (46yo)

    Independent Director

    • Tenure: 0.4yrs
  • Grant Hearn (61yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: kr451.67k
  • Christoffer Lundström (46yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: kr418.33k
  • Daniel Håkansson (42yo)

    Deputy Director

    • Tenure: 4.8yrs
  • Marianne Sundelius (52yo)

    Employee Representative Director

    • Tenure: 2.4yrs
    • Compensation: kr40.00k

Company Information

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


Key Information

  • Name: Scandic Hotels Group AB (publ)
  • Ticker: SHOT
  • Exchange: OM
  • Founded: 1963
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: kr8.388b
  • Shares outstanding: 102.99m
  • Website: https://www.scandichotelsgroup.com

Number of Employees


Location

  • Scandic Hotels Group AB (publ)
  • Sveavägen 167
  • Stockholm
  • Stockholm County
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHOTOM (OMX Nordic Exchange Stockholm)YesClass B Ordinary SharesSESEKDec 2015
10HDB (Deutsche Boerse AG)YesClass B Ordinary SharesDEEURDec 2015
SHOTSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B Ordinary SharesGBSEKDec 2015
0RD7LSE (London Stock Exchange)YesClass B Ordinary SharesGBSEKDec 2015

Biography

Scandic Hotels Group AB (publ), together with its subsidiaries, operates and franchises hotels in Sweden, Norway, Finland, and other European Countries. The company operates hotels under the Scandic and Hi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 23:49
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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