OM:NAXS

Stock Analysis Report

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Executive Summary

NAXS AB (publ) is an investment firm specializing in fund of funds and secondary indirect investments. More Details


Snowflake Analysis

Flawless balance sheet unattractive dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NAXS is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NAXS's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.4%

NAXS

6.1%

SE Capital Markets

1.6%

SE Market


1 Year Return

-0.4%

NAXS

73.9%

SE Capital Markets

15.6%

SE Market

Return vs Industry: NAXS underperformed the Swedish Capital Markets industry which returned 70.5% over the past year.

Return vs Market: NAXS underperformed the Swedish Market which returned 17.1% over the past year.


Shareholder returns

NAXSIndustryMarket
7 Day2.4%6.1%1.6%
30 Day10.2%11.4%5.6%
90 Day11.4%26.9%10.9%
1 Year6.2%-0.4%76.3%73.9%18.7%15.6%
3 Year23.6%5.3%94.6%79.5%48.6%30.9%
5 Year25.5%1.6%154.8%115.3%87.5%47.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

121.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NAXS (SEK51.8) is trading above our estimate of fair value (SEK22.19)

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


Price To Earnings Ratio

PE vs Industry: NAXS is poor value based on its PE Ratio (121.3x) compared to the SE Capital Markets industry average (26.3x).

PE vs Market: NAXS is poor value based on its PE Ratio (121.3x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NAXS is good value based on its PB Ratio (0.9x) compared to the SE Capital Markets industry average (1.3x).


Next Steps

Future Growth

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

18.9%

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 NAXS 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 NAXS performed over the past 5 years?

-40.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NAXS has high quality earnings.

Growing Profit Margin: NAXS's current net profit margins (26.3%) are lower than last year (59.6%).


Past Earnings Growth Analysis

Earnings Trend: NAXS's earnings have declined by 40.1% per year over the past 5 years.

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

Earnings vs Industry: NAXS had negative earnings growth (-79.1%) over the past year, making it difficult to compare to the Capital Markets industry average (106.2%).


Return on Equity

High ROE: NAXS's Return on Equity (0.7%) is considered low.


Next Steps

Financial Health

How is NAXS's financial position?


Financial Position Analysis

Short Term Liabilities: NAXS's short term assets (SEK215.3M) exceed its short term liabilities (SEK652.0K).

Long Term Liabilities: NAXS has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NAXS is debt free.

Reducing Debt: NAXS has not had any debt for past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

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

5.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NAXS's dividend (5.79%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).

High Dividend: NAXS's dividend (5.79%) is in 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, NAXS has been paying a dividend for less than 10 years.

Growing Dividend: NAXS's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (702.5%), NAXS's dividend payments are not well 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?

kr550k

CEO Compensation


CEO

Lennart Svantesson (67 yo)

9.58yrs

Tenure

kr550,000

Compensation

Mr. Lennart Svantesson serves as Chairman of the Board at Irisity AB (publ) and has been its Director since 2017. Mr. Svantesson has been Chief Executive Officer at NAXS AB since June 20, 2011. Mr. Svantes...


CEO Compensation Analysis

Compensation vs Market: Lennart's total compensation ($USD66.34K) is below average for companies of similar size in the Swedish market ($USD241.80K).

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


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: NAXS AB (publ)
  • Ticker: NAXS
  • Exchange: OM
  • Founded: 2007
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr575.473m
  • Shares outstanding: 11.15m
  • Website: https://www.naxs.se

Number of Employees


Location

  • NAXS AB (publ)
  • Grev Turegatan 10, 1tr
  • Stockholm
  • Stockholm County
  • 114 46
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NAXSOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKMay 2007
0OKFLSE (London Stock Exchange)YesShare CapitalGBSEKMay 2007
NAXSSBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBSEKMay 2007

Biography

NAXS AB (publ) is an investment firm specializing in fund of funds and secondary indirect investments. It does not invest in pure debt instruments, convertible debentures, and mezzanine instruments. Within...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 18:49
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.