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CRED

Creades OM:CRED A Stock Report

Last Price

kr78.55

Market Cap

kr10.7b

7D

1.7%

1Y

-26.5%

Updated

29 Jun, 2022

Data

Company Financials
CRED A fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

CRED A Stock Overview

Creades AB is a private equity and venture capital investment firm specializing in seed/startup, early, mid & late venture, emerging growth, middle market, growth capital and buyout investments.

Creades Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Creades
Historical stock prices
Current Share Pricekr78.55
52 Week Highkr154.90
52 Week Lowkr74.30
Beta0.89
1 Month Change-15.90%
3 Month Change-29.23%
1 Year Change-26.45%
3 Year Change108.91%
5 Year Change197.54%
Change since IPO497.34%

Recent News & Updates

Jun 01
Creades (STO:CRED A) Has Announced A Dividend Of kr0.35

Creades (STO:CRED A) Has Announced A Dividend Of kr0.35

Creades AB's ( STO:CRED A ) investors are due to receive a payment of kr0.35 per share on 20th of July. This means the...

Apr 28
Creades (STO:CRED A) Has Re-Affirmed Its Dividend Of kr0.35

Creades (STO:CRED A) Has Re-Affirmed Its Dividend Of kr0.35

The board of Creades AB ( STO:CRED A ) has announced that it will pay a dividend on the 20th of July, with investors...

Shareholder Returns

CRED ASE Diversified FinancialSE Market
7D1.7%0.8%-0.06%
1Y-26.5%-16.2%-22.4%

Return vs Industry: CRED A underperformed the Swedish Diversified Financial industry which returned -15.6% over the past year.

Return vs Market: CRED A underperformed the Swedish Market which returned -22.4% over the past year.

Price Volatility

Is CRED A's price volatile compared to industry and market?
CRED A volatility
CRED A Average Weekly Movement6.8%
Diversified Financial Industry Average Movement5.3%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.3%
10% least volatile stocks in SE Market4.7%

Stable Share Price: CRED A is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CRED A's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20117John Hedberghttps://www.creades.se

Creades AB is a private equity and venture capital investment firm specializing in seed/startup, early, mid & late venture, emerging growth, middle market, growth capital and buyout investments. The firm typically invests in small and medium-sized public and private companies. It focuses on Swedish companies.

Creades Fundamentals Summary

How do Creades's earnings and revenue compare to its market cap?
CRED A fundamental statistics
Market Capkr10.66b
Earnings (TTM)kr776.00m
Revenue (TTM)kr856.00m

13.7x

P/E Ratio

12.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRED A income statement (TTM)
Revenuekr856.00m
Cost of Revenuekr0
Gross Profitkr856.00m
Other Expenseskr80.00m
Earningskr776.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.72
Gross Margin100.00%
Net Profit Margin90.65%
Debt/Equity Ratio0%

How did CRED A perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

24%

Payout Ratio

Does CRED A pay a reliable dividends?

See CRED A dividend history and benchmarks
When do you need to buy CRED A by to receive an upcoming dividend?
Creades dividend dates
Ex Dividend DateJul 14 2022
Dividend Pay DateJul 20 2022
Days until Ex dividend14 days
Days until Dividend pay date20 days

Does CRED A pay a reliable dividends?

See CRED A dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CRED A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRED A?

Other financial metrics that can be useful for relative valuation.

CRED A key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.4x
Enterprise Value/EBITDA12.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CRED A's PE Ratio compare to its peers?

CRED A PE Ratio vs Peers
The above table shows the PE ratio for CRED A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.1x
KINV B Kinnevik
11.3x-13.3%kr47.4b
SVOL B Svolder
15xn/akr5.5b
LUND B L E Lundbergföretagen
21.3xn/akr104.7b
ARBO A Arbona
16.9xn/akr1.1b
CRED A Creades
13.7xn/akr10.7b

Price-To-Earnings vs Peers: CRED A is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (16.1x).


Price to Earnings Ratio vs Industry

How does CRED A's PE Ratio compare vs other companies in the European Diversified Financial Industry?

Price-To-Earnings vs Industry: CRED A is good value based on its Price-To-Earnings Ratio (13.7x) compared to the Swedish Diversified Financial industry average (14.5x)


Price to Earnings Ratio vs Fair Ratio

What is CRED A's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRED A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CRED A's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CRED A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CRED A (SEK78.55) is trading below our estimate of fair value (SEK321.99)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.9%

Forecasted Diversified Financials 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 Creades 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.


Discover growth companies

  • Examine whether Creades is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Creades competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Creades performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


49.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CRED A has high quality earnings.

Growing Profit Margin: CRED A's current net profit margins (90.7%) are lower than last year (92.5%).


Past Earnings Growth Analysis

Earnings Trend: CRED A's earnings have grown significantly by 49.6% per year over the past 5 years.

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

Earnings vs Industry: CRED A had negative earnings growth (-85.2%) over the past year, making it difficult to compare to the Diversified Financial industry average (-73.7%).


Return on Equity

High ROE: CRED A's Return on Equity (7.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Creades's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CRED A's short term assets (SEK984.0M) exceed its short term liabilities (SEK61.0M).

Long Term Liabilities: CRED A's short term assets (SEK984.0M) exceed its long term liabilities (SEK327.0M).


Debt to Equity History and Analysis

Debt Level: CRED A is debt free.

Reducing Debt: CRED A has no debt compared to 5 years ago when its debt to equity ratio was 1.4%.

Debt Coverage: CRED A has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CRED A has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.78%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 30 2022Ex Dividend DateJul 14 2022Dividend Pay DateJul 20 20226 days from Ex DividendBuy in the next 14 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CRED A's dividend (1.78%) is higher than the bottom 25% of dividend payers in the Swedish market (1.63%).

High Dividend: CRED A's dividend (1.78%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).


Stability and Growth of Payments

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

Growing Dividend: CRED A has only been paying a dividend for 5 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.2%), CRED A's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CRED A is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

5.6yrs

Average management tenure


CEO

John Hedberg (49 yo)

5.58yrs

Tenure

kr82,300,000

Compensation

Mr. John Hedberg is CEO at Creaspac AB since 2021. He has been the Chief Executive Officer and Managing Director of Creades AB since November 2016. He also serves as Chairman of the Board at OPKLPRNT AB an...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD8.06M) is above average for companies of similar size in the Swedish market ($USD777.09K).

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


Leadership Team

Experienced Management: CRED A's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: CRED A's board of directors are considered experienced (7.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.9%.


Top Shareholders

Company Information

Creades AB's employee growth, exchange listings and data sources


Key Information

  • Name: Creades AB
  • Ticker: CRED A
  • Exchange: OM
  • Founded: 2011
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Implied Market Cap: kr10.664b
  • Shares outstanding: 135.76m
  • Website: https://www.creades.se

Number of Employees


Location

  • Creades AB
  • Ingmar Bergmans gata 4
  • 7th Floor
  • Stockholm
  • Stockholm County
  • 10216
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.