OM:RATO B

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Executive Summary

Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. More Details


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 BIndustryMarket
7 Day0.4%6.1%1.6%
30 Day-2.1%11.4%5.6%
90 Day5.3%26.9%10.9%
1 Year14.7%12.6%76.3%73.9%18.7%15.6%
3 Year11.3%0.4%94.6%79.5%48.6%30.9%
5 Year2.1%-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

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

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

NamePositionTenureCompensationOwnership
Jonas Wiström
CEO, President & Director3.08yrskr15.30m0.075%
SEK 9.1m
Jonas Ågrup
Chief Financial Officer0.92yrno datano data
Anders Slettengren
Head of Business Area Consumer & Technology0.92yrno datano data
Helene Gustafsson
Head of Investor Relationsno datano datano data
Magnus Stephensen
Secretary to the Board & General Counselno datano datano data
Christian Gebauer
Head of Business Area Construction & Service0.92yrno datano data
Joakim Twetman
Head of Business Area Industry0.92yrno datano data
Berit Lind
Investment Controllerno datano datano data
Martina Kengo
Business Controller2yrsno datano data
Lars Nykvist
Chief Executive Officer of Kvdbil2.17yrsno datano data
Liv Bernard
Group Financial Controller1.17yrsno datano data
Terese Ahrens
Director of Operationsno datano datano 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

NamePositionTenureCompensationOwnership
Jonas Wiström
CEO, President & Director3.08yrskr15.30m0.075%
SEK 9.1m
Henning Øglænd
Industrial Advisor & Chairman of Advisory Board of Norwayno datano datano data
Helge Midttun
Industrial Advisor & Member of Advisory Board of Norway11yrsno datano data
Anders Thoustrup
Industrial Advisor & Chairman of Advisory Board of Denmarkno datano datano data
Peter Seligson
Industrial Advisor & Member of Advisory Board of Finland9yrsno datano data
Peter Carrick
Industrial Advisor & Member of Advisory Board of Swedenno datano datano data
Per Nordgren
Industrial Advisor & Member of Advisory Board of Swedenno datano datano data
Birgitta Goransson
Industrial Advisor & Member of Advisory Board of Swedenno datano datano data
Catharina Von Stackelberg-Hammarén
Industrial Advisor & Member of Advisory Board of Finland4yrsno datano data
Jan Söderberg
Deputy Chairman3.08yrskr600.00k5.89%
SEK 711.5m
Ulla Litzén
Independent Director4.75yrskr600.00k0.0063%
SEK 757.3k
Per-Olof Söderberg
Chairman of the Board3.08yrskr1.10m5.7%
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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RATO BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJan 1992
RAZBDB (Deutsche Boerse AG)YesClass B SharesDEEURJan 1992
0KBQLSE (London Stock Exchange)YesClass B SharesGBSEKJan 1992
RTOB.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJan 1992
RATOBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKJan 1992
RATO AOM (OMX Nordic Exchange Stockholm)Class A SharesSESEKAug 1992
0GWPLSE (London Stock Exchange)Class A SharesGBSEKAug 1992
RATOASBATS-CHIXE (BATS 'Chi-X Europe')Class A SharesGBSEKAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 19:41
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.