OM:EQT

Stock Analysis Report

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Executive Summary

EQT AB (publ) is a private equity firm specializing in buyout investments.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EQT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.8%

EQT

-4.5%

SE Capital Markets

2.1%

SE Market


1 Year Return

n/a

EQT

104.7%

SE Capital Markets

21.6%

SE Market

Return vs Industry: Insufficient data to determine how EQT performed against the Swedish Capital Markets industry.

Return vs Market: Insufficient data to determine how EQT performed against the Swedish Market.


Shareholder returns

EQTIndustryMarket
7 Day-1.8%-4.5%2.1%
30 Day11.9%-7.5%4.1%
90 Day53.6%23.0%23.4%
1 Yearn/a111.2%104.7%23.5%21.6%
3 Yearn/a2.9%-6.6%33.2%19.1%
5 Yearn/a-7.1%-23.3%50.4%20.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

113.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EQT (SEK218.5) is trading above our estimate of fair value (SEK107.79)

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


Price To Earnings Ratio

PE vs Industry: EQT is poor value based on its PE Ratio (113.6x) compared to the XE Capital Markets industry average (18.9x).

PE vs Market: EQT is poor value based on its PE Ratio (113.6x) compared to the Swedish market (22.9x).


Price to Earnings Growth Ratio

PEG Ratio: EQT is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: EQT is overvalued based on its PB Ratio (18.8x) compared to the SE Capital Markets industry average (1.5x).

Future Growth

How is EQT forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

26.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQT's forecast earnings growth (26.7% per year) is above the savings rate (0.5%).

Earnings vs Market: EQT's earnings (26.7% per year) are forecast to grow faster than the Swedish market (19.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EQT's revenue (18.3% per year) is forecast to grow faster than the Swedish market (6.3% per year).

High Growth Revenue: EQT's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EQT's Return on Equity is forecast to be high in 3 years time (37.3%)

Past Performance

How has EQT performed over the past 5 years?

32.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: EQT has high quality earnings.

Growing Profit Margin: EQT's current net profit margins (26.6%) are lower than last year (30.7%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if EQT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare EQT's past year earnings growth to its 5-year average.

Earnings vs Industry: EQT earnings growth over the past year (32%) exceeded the Capital Markets industry 21.7%.


Return on Equity

High ROE: EQT's Return on Equity (14.8%) is considered low.

Financial Health

How is EQT's financial position?


Financial Position Analysis

Short Term Liabilities: EQT's short term assets (€1.2B) exceed its short term liabilities (€269.1M).

Long Term Liabilities: EQT's short term assets (€1.2B) exceed its long term liabilities (€78.0M).


Debt to Equity History and Analysis

Debt Level: EQT's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EQT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EQT's debt is well covered by operating cash flow (2592.6%).

Interest Coverage: EQT's interest payments on its debt are well covered by EBIT (57.5x coverage).


Balance Sheet

Dividend

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

0.97%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: EQT's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.4%).

High Dividend: EQT's dividend (0.97%) is low compared to the top 25% of dividend payers in the Swedish market (4.8%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether EQT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if EQT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (111.9%), EQT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EQT's dividends in 3 years are forecast to be covered by earnings (63.7% payout ratio).

Management

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

2.3yrs

Average management tenure


CEO

Christian Sinding (48 yo)

1.58yrs

Tenure

€400,000

Compensation

Mr. Christian Sinding has been Managing Partner and Chief Executive Officer of EQT Partners AB since January 1, 2019. He has been Managing Partner and Chief Executive Officer of EQT AB since January 1, 201 ...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD473.15K) is below average for companies of similar size in the Swedish market ($USD2.80M).

Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Christian Sinding
CEO & Managing Partner1.58yrs€400.00k3.28%
€ 6.8b
Caspar Callerström
Deputy CEO & COO3.5yrs€500.00k3.19%
€ 6.6b
Kim Henriksson
Chief Financial Officer1.83yrsno data0.024%
€ 49.2m
Lena Almefelt
General Counselno datano datano data
Nina Nornholm
Head of Communicationsno datano datano data
Anna Wahlström
Global Head of Human Resources2.83yrsno data0.061%
€ 126.1m
Lennart Blecher
Deputy Managing Partnerno datano data3.4%
€ 7.1b
Jussi Saarinen
Partner and Head of Client Relations & Capital Raising6.58yrsno data0.20%
€ 408.2m
Thomas von Koch
Deputy Managing Partner & Chairperson of Asia-Pacific1.58yrs€481.91k4.03%
€ 8.4b
Ken Wong
MD & Head of EQT Australia & New Zealandno datano datano data
Therése Lennehag
Head of Sustainabilityno datano datano data
Marcus Brennecke
Co-Head of Private Equity Advisory Teamno datano data3.27%
€ 6.8b

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: EQT's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Conni Jonsson
Chairperson7yrs€300.00k4.86%
€ 10.1b
Johan Forssell
Director5yrs€100.00kno data
Finn Rausing
Independent Director7yrs€100.00kno data
Diony Lebot
Director0.17yrno datano data
Peter Wallenberg
Director6.08yrs€100.00kno data
Edith Cooper
Independent Director1.83yrs€200.00kno data
Gordon Robert-Halyburton Orr
Independent Director1.83yrs€200.00k0.0033%
€ 6.9m
Nicola Kimm
Director0.17yrno datano data

3.4yrs

Average Tenure

59yo

Average Age

Experienced Board: EQT's board of directors are considered experienced (3.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: EQT only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: EQT AB (publ)
  • Ticker: EQT
  • Exchange: OM
  • Founded: 2012
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr208.227b
  • Shares outstanding: 952.98m
  • Website: https://www.eqtgroup.com

Number of Employees


Location

  • EQT AB (publ)
  • Regeringsgatan 25
  • Stockholm
  • Stockholm County
  • 111 53
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EQTOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKSep 2019
6EQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2019
EQBB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2019

Biography

EQT AB (publ) is a private equity firm specializing in buyout investments. It seeks to focus on investment opportunities in Australia and New Zealand. It seeks to take a majority stake. EQT AB (publ) was f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 10:11
End of Day Share Price2020/08/13 00:00
Earnings2019/12/31
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.