Stock Analysis Report

Header cover image

Executive Summary

Investment AB Oresund is a publicly owned investment manager. More Details

Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Investment AB Öresund's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: ORES is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ORES's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




SE Diversified Financial


SE Market

1 Year Return




SE Diversified Financial


SE Market

Return vs Industry: ORES underperformed the Swedish Diversified Financial industry which returned 24.1% over the past year.

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

Shareholder returns

7 Day2.3%1.3%1.6%
30 Day0.8%5.8%5.6%
90 Day-4.7%10.8%10.9%
1 Year-3.4%-8.3%23.5%21.9%18.7%15.6%
3 Year-8.8%-16.9%67.8%51.6%48.6%30.9%
5 Year38.8%18.2%151.1%111.8%87.5%47.6%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


Is Investment AB Öresund undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ORES (SEK122) is trading below our estimate of fair value (SEK162.24)

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

Price To Earnings Ratio

PE vs Industry: ORES is poor value based on its PE Ratio (24.2x) compared to the SE Diversified Financial industry average (6.4x).

PE vs Market: ORES is poor value based on its PE Ratio (24.2x) compared to the Swedish market (23.8x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ORES is good value based on its PB Ratio (1x) compared to the SE Diversified Financial industry average (1.2x).

Next Steps

Future Growth

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


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 Investment AB Öresund 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 Investment AB Öresund performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ORES has high quality earnings.

Growing Profit Margin: ORES became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: ORES's earnings have declined by 46.1% per year over the past 5 years.

Accelerating Growth: ORES has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ORES has become profitable in the last year, making it difficult to compare its past year earnings growth to the Diversified Financial industry (189.7%).

Return on Equity

High ROE: ORES's Return on Equity (4%) is considered low.

Next Steps

Financial Health

How is Investment AB Öresund's financial position?

Financial Position Analysis

Short Term Liabilities: ORES's short term assets (SEK361.8M) exceed its short term liabilities (SEK345.1M).

Long Term Liabilities: ORES's short term assets (SEK361.8M) exceed its long term liabilities (SEK5.1M).

Debt to Equity History and Analysis

Debt Level: ORES's debt to equity ratio (3.5%) is considered satisfactory.

Reducing Debt: ORES's debt to equity ratio has increased from 3.4% to 3.5% over the past 5 years.

Debt Coverage: ORES's debt is not well covered by operating cash flow (4%).

Interest Coverage: ORES earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Next Steps


What is Investment AB Öresund current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ORES's dividend (4.92%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).

High Dividend: ORES's dividend (4.92%) is in the top 25% of dividend payers in the Swedish market (3.41%)

Stability and Growth of Payments

Stable Dividend: ORES's dividend payments have been volatile in the past 10 years.

Growing Dividend: ORES's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (119.2%), ORES'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


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


Average board tenure


Nicklas Paulson (50 yo)

no data


Mr. Nicklas Arne Paulson serves as Director of Bilia AB since April 10, 2018. Mr. Paulson served as Director Bulten AB (publ) since April 26, 2018 until April 2020. Mr. Paulson has been Chief Executive Off...

Board Members

Marcus Storch
Independent Director9yrsno data0.062%
SEK 3.4m
Märtha Josefsson
Independent Director7yrsno data0.053%
SEK 2.9m
Mats Qviberg
Chairman of the Board of Directorsno datakr300.00k23.39%
SEK 1.3b
Anna Engebretsen
Director7yrsno data3.35%
SEK 184.6m
Laila Freivalds
Independent Vice Chairmanno datakr300.00k0.0066%
SEK 365.9k
Magnus Dybeck
Independent Director9yrsno data0.17%
SEK 9.3m
Douglas Roos
Independent Director3yrsno data0.067%
SEK 3.7m


Average Tenure


Average Age

Experienced Board: ORES's board of directors are considered experienced (7 years average tenure).


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

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

Key Information

  • Name: Investment AB Öresund (publ)
  • Ticker: ORES
  • Exchange: OM
  • Founded: 1890
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Market Cap: kr5.502b
  • Shares outstanding: 45.10m
  • Website:

Number of Employees


  • Investment AB Öresund (publ)
  • Norrlandsgatan 15
  • 6th Floor
  • Stockholm
  • Stockholm County
  • 103 94
  • Sweden


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORESOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKJan 1992
0RGBLSE (London Stock Exchange)YesCommon SharesGBSEKJan 1992
ORESSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKJan 1992


Investment AB Oresund is a publicly owned investment manager. Investment AB Oresund was founded in 1890 and is based in Stockholm, Sweden.

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 20:00
End of Day Share Price2021/01/22 00:00
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.