Market Cap
kr12.1b
Last Updated
2021/01/22 19:41 UTC
Data Sources
Company Financials
Executive Summary
Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Ratos's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RATO B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RATO B's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
0.4%
RATO B
6.1%
SE Capital Markets
1.6%
SE Market
1 Year Return
12.6%
RATO B
73.9%
SE Capital Markets
15.6%
SE Market
Return vs Industry: RATO B underperformed the Swedish Capital Markets industry which returned 70.5% over the past year.
Return vs Market: RATO B underperformed the Swedish Market which returned 17.1% over the past year.
Shareholder returns
| RATO B | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 6.1% | 1.6% |
| 30 Day | -2.1% | 11.4% | 5.6% |
| 90 Day | 5.3% | 26.9% | 10.9% |
| 1 Year | 14.7%12.6% | 76.3%73.9% | 18.7%15.6% |
| 3 Year | 11.3%0.4% | 94.6%79.5% | 48.6%30.9% |
| 5 Year | 2.1%-17.9% | 154.8%115.3% | 87.5%47.6% |
Long-Term Price Volatility Vs. Market
How volatile is Ratos's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Could Ratos AB (publ) (STO:RATO B) Have The Makings Of Another Dividend Aristocrat?1 month ago | Simply Wall St
What Percentage Of Ratos AB (publ) (STO:RATO B) Shares Do Insiders Own?2 months ago | Simply Wall St
What Did Ratos' (STO:RATO B) CEO Take Home Last Year?Valuation
Is Ratos undervalued compared to its fair value and its price relative to the market?
23.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RATO B (SEK37.72) is trading above our estimate of fair value (SEK14.78)
Significantly Below Fair Value: RATO B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RATO B is good value based on its PE Ratio (23.7x) compared to the SE Capital Markets industry average (26.3x).
PE vs Market: RATO B is good value based on its PE Ratio (23.7x) compared to the Swedish market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RATO B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RATO B's PB Ratio (1.2x) is in line with the SE Capital Markets industry average.
Next Steps
Future Growth
How is Ratos 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 Ratos 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
- Check out Ratos's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Ratos competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Ratos performed over the past 5 years?
14.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RATO B has high quality earnings.
Growing Profit Margin: RATO B's current net profit margins (2%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: RATO B's earnings have grown by 14.7% per year over the past 5 years.
Accelerating Growth: RATO B's earnings growth over the past year (736.5%) exceeds its 5-year average (14.7% per year).
Earnings vs Industry: RATO B earnings growth over the past year (736.5%) exceeded the Capital Markets industry 106.2%.
Return on Equity
High ROE: RATO B's Return on Equity (5.8%) is considered low.
Next Steps
Financial Health
How is Ratos's financial position?
Financial Position Analysis
Short Term Liabilities: RATO B's short term assets (SEK8.4B) exceed its short term liabilities (SEK8.0B).
Long Term Liabilities: RATO B's short term assets (SEK8.4B) do not cover its long term liabilities (SEK9.1B).
Debt to Equity History and Analysis
Debt Level: RATO B's debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: RATO B's debt to equity ratio has reduced from 51.1% to 39.1% over the past 5 years.
Debt Coverage: RATO B's debt is well covered by operating cash flow (69.6%).
Interest Coverage: RATO B's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Ratos's current dividend yield, its reliability and sustainability?
1.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RATO B's dividend (1.72%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).
High Dividend: RATO B's dividend (1.72%) is low compared to the top 25% of dividend payers in the Swedish market (3.41%).
Stability and Growth of Payments
Stable Dividend: RATO B's dividend payments have been volatile in the past 10 years.
Growing Dividend: RATO B's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.8%), RATO B's dividend payments are 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?
1.0yrs
Average management tenure
CEO
Jonas Wiström (60 yo)
3.08yrs
Tenure
kr15,300,000
Compensation
Mr. Jonas Wiström, M.Sc., has been President and Chief Executive Officer of Ratos AB since December 13, 2017 and has been Director since 2016. He served as the Chairman of Ratos AB since April 14, 2016 unt...
CEO Compensation Analysis
Compensation vs Market: Jonas's total compensation ($USD1.85M) is above average for companies of similar size in the Swedish market ($USD921.90K).
Compensation vs Earnings: Jonas's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.08yrs | kr15.30m | 0.075% SEK 9.1m | |
| Chief Financial Officer | 0.92yr | no data | no data | |
| Head of Business Area Consumer & Technology | 0.92yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Secretary to the Board & General Counsel | no data | no data | no data | |
| Head of Business Area Construction & Service | 0.92yr | no data | no data | |
| Head of Business Area Industry | 0.92yr | no data | no data | |
| Investment Controller | no data | no data | no data | |
| Business Controller | 2yrs | no data | no data | |
| Chief Executive Officer of Kvdbil | 2.17yrs | no data | no data | |
| Group Financial Controller | 1.17yrs | no data | no data | |
| Director of Operations | no data | no data | no data |
1.0yrs
Average Tenure
55.5yo
Average Age
Experienced Management: RATO B's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.08yrs | kr15.30m | 0.075% SEK 9.1m | |
| Industrial Advisor & Chairman of Advisory Board of Norway | no data | no data | no data | |
| Industrial Advisor & Member of Advisory Board of Norway | 11yrs | no data | no data | |
| Industrial Advisor & Chairman of Advisory Board of Denmark | no data | no data | no data | |
| Industrial Advisor & Member of Advisory Board of Finland | 9yrs | no data | no data | |
| Industrial Advisor & Member of Advisory Board of Sweden | no data | no data | no data | |
| Industrial Advisor & Member of Advisory Board of Sweden | no data | no data | no data | |
| Industrial Advisor & Member of Advisory Board of Sweden | no data | no data | no data | |
| Industrial Advisor & Member of Advisory Board of Finland | 4yrs | no data | no data | |
| Deputy Chairman | 3.08yrs | kr600.00k | 5.89% SEK 711.5m | |
| Independent Director | 4.75yrs | kr600.00k | 0.0063% SEK 757.3k | |
| Chairman of the Board | 3.08yrs | kr1.10m | 5.7% SEK 687.9m |
4.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: RATO B'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: RATO B 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
Ratos AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ratos AB (publ)
- Ticker: RATO B
- Exchange: OM
- Founded: 1934
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: kr12.078b
- Shares outstanding: 319.01m
- Website: https://www.ratos.com
Number of Employees
Location
- Ratos AB (publ)
- Drottninggatan 2
- Box 1661
- Stockholm
- Stockholm County
- 111 96
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RATO B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Jan 1992 |
| RAZB | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jan 1992 |
| 0KBQ | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Jan 1992 |
| RTOB.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Jan 1992 |
| RATOBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Jan 1992 |
| RATO A | OM (OMX Nordic Exchange Stockholm) | Class A Shares | SE | SEK | Aug 1992 | |
| 0GWP | LSE (London Stock Exchange) | Class A Shares | GB | SEK | Aug 1992 | |
| RATOAS | BATS-CHIXE (BATS 'Chi-X Europe') | Class A Shares | GB | SEK | Aug 1992 |
Biography
Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. The firm does not invest in early stages and in companies that operate in...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 19:41 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.