OM:MANG

Stock Analysis Report

Executive Summary

Mangold Fondkommission AB, a securities broker, provides financial services to companies and private individuals in Sweden.


Snowflake Analysis

Acceptable track record with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

12.1%

MANG

12.7%

SE Capital Markets

4.0%

SE Market


1 Year Return

25.4%

MANG

8.8%

SE Capital Markets

-6.4%

SE Market

Return vs Industry: MANG exceeded the Swedish Capital Markets industry which returned 7.9% over the past year.

Return vs Market: MANG exceeded the Swedish Market which returned -9.8% over the past year.


Shareholder returns

MANGIndustryMarket
7 Day12.1%12.7%4.0%
30 Day-15.1%-7.0%-8.3%
90 Day-21.8%-12.2%-17.8%
1 Year26.3%25.4%12.4%8.8%-4.4%-6.4%
3 Year126.6%121.9%37.8%26.4%6.8%-8.3%
5 Year316.9%308.3%44.0%24.7%13.7%-9.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MANG (SEK790) is trading above our estimate of fair value (SEK505.83)

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


Price To Earnings Ratio

PE vs Industry: MANG is poor value based on its PE Ratio (32.4x) compared to the Capital Markets industry average (16.8x).

PE vs Market: MANG is poor value based on its PE Ratio (32.4x) compared to the Swedish market (15x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MANG is overvalued based on its PB Ratio (3.5x) compared to the SE Capital Markets industry average (1.8x).


Next Steps

Future Growth

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

15.5%

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 Mangold Fondkommission 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 Mangold Fondkommission performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANG has high quality earnings.

Growing Profit Margin: MANG's current net profit margins (7.5%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: MANG's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: MANG's earnings growth over the past year (6%) exceeds its 5-year average (4.2% per year).

Earnings vs Industry: MANG earnings growth over the past year (6%) underperformed the Capital Markets industry 6%.


Return on Equity

High ROE: MANG's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Mangold Fondkommission's financial position?


Financial Position Analysis

Short Term Liabilities: MANG's short term assets (SEK488.5M) exceed its short term liabilities (SEK427.8M).

Long Term Liabilities: MANG's short term assets (SEK488.5M) exceed its long term liabilities (SEK36.0M).


Debt to Equity History and Analysis

Debt Level: MANG's debt to equity ratio (11.8%) is considered satisfactory.

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

Debt Coverage: MANG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MANG's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MANG's dividend (0.92%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (2.07%).

High Dividend: MANG's dividend (0.92%) is low compared to the top 25% of dividend payers in the Swedish market (6.02%).


Stability and Growth of Payments

Stable Dividend: MANG is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.

Growing Dividend: MANG is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

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

3.3yrs

Average management tenure


CEO

Per-Anders Tammerlöv (46yo)

14.25s

Tenure

Mr. Per-Anders Tammerlov has been the Chief Executive Officer and Managing Director at Mangold Fondkommission AB. since 2006. Mr. Tammerlov served as Director of Mangold Fondkommission AB since 2006. Mr.  ...


Leadership Team

NamePositionTenureCompensationOwnership
Per-Anders Tammerlöv
CEO & MD14.25yrsno data18.71% SEK67.8m
Jonathan Bexelius
Chief Financial Officer1.25yrsno datano data
Charles Wilken
Head of Investment Banking6.25yrsno data3.19% SEK11.6m
David Holmström
General Counsel3.25yrsno data0.061% SEK222.8k
David Jansson
Chief of Staff1.25yrsno datano data
Martin Warne
Head of Sales - Private Banking5.25yrsno data0.42% SEK1.5m
Tomas Forslund
Head of Private Banking3.25yrsno data0.052% SEK189.6k
Alexander Marsh
Head of Private Banking1.25yrsno datano data

3.3yrs

Average Tenure

41.5yo

Average Age

Experienced Management: MANG's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Per Åhlgren
Chairman of the Board17.25yrsno data29.65% SEK107.5m
Peter Serlachius
Independent Director3.25yrsno datano data
Marie Friman
Independent Director6.25yrsno datano data
Birgit Hoffmann
Independent Director1.25yrsno datano data

4.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: MANG's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MANG 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

Mangold Fondkommission AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mangold Fondkommission AB
  • Ticker: MANG
  • Exchange: OM
  • Founded:
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: kr362.560m
  • Shares outstanding: 458.94k
  • Website: https://www.mangold.se

Number of Employees


Location

  • Mangold Fondkommission AB
  • Engelbrektsplan 2
  • Stockholm
  • Stockholm County
  • 114 34
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANGOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJul 2012

Biography

Mangold Fondkommission AB, a securities broker, provides financial services to companies and private individuals in Sweden. The company offers corporate financial advisory services in the areas of stock market transactions, corporate bonds and other loan financing, sale of business, and other financial advice; pensions and wealth advisory services; and services of a certified adviser; and mentoring services. It also provides issuing services in connection with transactions, such as rights issues, directed share issues, issues in kind, redemption and repurchase of shares, bond loans, convertible debentures, profit participating loans, incentive programs, split and consolidation of shares, connecting the company to Euroclear; and market making services, such as provision of liquidity services. In addition, the company provides structured investments; asset management services; services regarding the distribution of structured products; and securities trading services for shares, equity-related instruments, and derivatives for private individuals, companies, and institutions. Mangold Fondkommission AB is headquartered in Stockholm, Sweden. Mangold Fondkommission AB is a subsidiary of Mangold AB. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 22:53
End of Day Share Price2020/04/07 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.