OM:CRED A

Stock Analysis Report

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Executive Summary

Creades AB is a private equity and venture capital investment firm. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CRED A is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CRED A's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

3.2%

CRED A

1.3%

SE Diversified Financial

1.6%

SE Market


1 Year Return

98.9%

CRED A

21.9%

SE Diversified Financial

15.6%

SE Market

Return vs Industry: CRED A exceeded the Swedish Diversified Financial industry which returned 24.1% over the past year.

Return vs Market: CRED A exceeded the Swedish Market which returned 17.1% over the past year.


Shareholder returns

CRED AIndustryMarket
7 Day3.2%1.3%1.6%
30 Day5.2%5.8%5.6%
90 Day2.5%10.8%10.9%
1 Year106.3%98.9%23.5%21.9%18.7%15.6%
3 Year213.1%177.4%67.8%51.6%48.6%30.9%
5 Year470.3%383.2%151.1%111.8%87.5%47.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CRED A (SEK935) is trading above our estimate of fair value (SEK890.76)

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


Price To Earnings Ratio

PE vs Industry: CRED A is good value based on its PE Ratio (4.6x) compared to the SE Diversified Financial industry average (6.4x).

PE vs Market: CRED A is good value based on its PE Ratio (4.6x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CRED A is overvalued based on its PB Ratio (1.8x) compared to the SE Diversified Financial industry average (1.2x).


Next Steps

Future Growth

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

-26.6%

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.


Next Steps

Past Performance

How has Creades performed over the past 5 years?

35.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRED A has a high level of non-cash earnings.

Growing Profit Margin: CRED A's current net profit margins (91.3%) are lower than last year (93.9%).


Past Earnings Growth Analysis

Earnings Trend: CRED A's earnings have grown significantly by 35.1% per year over the past 5 years.

Accelerating Growth: CRED A's earnings growth over the past year (235.1%) exceeds its 5-year average (35.1% per year).

Earnings vs Industry: CRED A earnings growth over the past year (235.1%) exceeded the Diversified Financial industry 189.7%.


Return on Equity

High ROE: CRED A's Return on Equity (39.9%) is considered high.


Next Steps

Financial Health

How is Creades's financial position?


Financial Position Analysis

Short Term Liabilities: CRED A's short term assets (SEK832.0M) exceed its short term liabilities (SEK283.0M).

Long Term Liabilities: CRED A's short term assets (SEK832.0M) exceed its long term liabilities (SEK6.0M).


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 1.3%.

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


Next Steps

Dividend

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

1.50%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CRED A's dividend (1.5%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).

High Dividend: CRED A's dividend (1.5%) is low compared to the top 25% of dividend payers in the Swedish market (3.41%).


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 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.8%), CRED A's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.0yrs

Average board tenure


CEO

John Hedberg (48 yo)

4.17yrs

Tenure

kr17,300,000

Compensation

Mr. John Hedberg has been the Chief Executive Officer and Managing Director of Creades AB since November 2016. He also serves as Chairman of the Board at PRNT/StickerApp and as Board Member at Avanza Pensi...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD2.09M) is above average for companies of similar size in the Swedish market ($USD921.90K).

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


Board Members

NamePositionTenureCompensationOwnership
Jane Walerud
Independent Director7yrskr200.00k0.0080%
SEK 928.7k
Sven Hagströmer
Chairman of the Board10yrsno datano data
Hans Karlsson
Independent Director9yrskr200.00kno data
Hans Toll
Independent Director5yrskr200.00k0.013%
SEK 1.5m
Hélène Barnekow
Director1yrno datano data
Cecilia Hermansson
Independent Director5yrskr200.00kno data

6.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: CRED A's board of directors are considered experienced (6 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

Creades AB's company bio, 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
  • Market Cap: kr11.580b
  • Shares outstanding: 12.47m
  • Website: https://www.creades.se

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRED AOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKFeb 2012
0QI9LSE (London Stock Exchange)YesClass A SharesGBSEKFeb 2012
CREDASBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKFeb 2012

Biography

Creades AB is a private equity and venture capital investment firm. The firm typically invests in small and medium-sized public and private companies. It focuses on Swedish companies. The firm seeks to inv...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 19:15
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.