Resurs Holding
Market Cap
kr8.7b
Last Updated
2021/05/06 20:08 UTC
Data Sources
Company Financials +
Executive Summary
Resurs Holding AB (publ), through its subsidiaries, provides payment solutions, consumer loans, and insurance products in Sweden, Norway, Finland, and Denmark. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Resurs Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RESURS is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RESURS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
RESURS
-2.8%
SE Consumer Finance
-0.8%
SE Market
1 Year Return
27.0%
RESURS
47.3%
SE Consumer Finance
53.2%
SE Market
Return vs Industry: RESURS underperformed the Swedish Consumer Finance industry which returned 49.7% over the past year.
Return vs Market: RESURS underperformed the Swedish Market which returned 57.1% over the past year.
Shareholder returns
| RESURS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -2.8% | -0.8% |
| 30 Day | -13.0% | 2.3% | 1.0% |
| 90 Day | -8.9% | 13.0% | 10.6% |
| 1 Year | 35.0%27.0% | 50.6%47.3% | 58.3%53.2% |
| 3 Year | -9.0%-21.9% | -19.4%-24.9% | 64.6%46.1% |
| 5 Year | 3.9%-20.2% | -25.7%-43.4% | 110.0%68.0% |
Long-Term Price Volatility Vs. Market
How volatile is Resurs Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall St
If You Had Bought Resurs Holding's (STO:RESURS) Shares A Year Ago You Would Be Down 20%1 year ago | Simply Wall St
What Is Resurs Holding AB (publ)'s (STO:RESURS) Share Price Doing?1 year ago | Simply Wall St
Is Resurs Holding AB (publ)'s (STO:RESURS) CEO Being Overpaid?Valuation
Is Resurs Holding undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RESURS (SEK43.71) is trading below our estimate of fair value (SEK97.87)
Significantly Below Fair Value: RESURS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RESURS is good value based on its PE Ratio (9.1x) compared to the XE Consumer Finance industry average (14.7x).
PE vs Market: RESURS is good value based on its PE Ratio (9.1x) compared to the Swedish market (25.4x).
Price to Earnings Growth Ratio
PEG Ratio: RESURS is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: RESURS is good value based on its PB Ratio (1.1x) compared to the XE Consumer Finance industry average (1.2x).
Future Growth
How is Resurs Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
13.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RESURS's forecast earnings growth (13.1% per year) is above the savings rate (0.3%).
Earnings vs Market: RESURS's earnings (13.1% per year) are forecast to grow faster than the Swedish market (2.2% per year).
High Growth Earnings: RESURS's earnings are forecast to grow, but not significantly.
Revenue vs Market: RESURS's revenue (11.4% per year) is forecast to grow faster than the Swedish market (0.9% per year).
High Growth Revenue: RESURS's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RESURS's Return on Equity is forecast to be low in 3 years time (14.2%).
Past Performance
How has Resurs Holding performed over the past 5 years?
5.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RESURS has high quality earnings.
Growing Profit Margin: RESURS's current net profit margins (34.6%) are lower than last year (38.7%).
Past Earnings Growth Analysis
Earnings Trend: RESURS's earnings have grown by 5.7% per year over the past 5 years.
Accelerating Growth: RESURS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RESURS had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Consumer Finance industry average (-23.2%).
Return on Equity
High ROE: RESURS's Return on Equity (11.8%) is considered low.
Financial Health
How is Resurs Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: RESURS's Assets to Equity ratio (5.1x) is low.
Allowance for Bad Loans: RESURS has a low allowance for bad loans (56%).
Low Risk Liabilities: 75% of RESURS's liabilities are made up of primarily low risk sources of funding.
Loan Level: RESURS has an appropriate level of Loans to Assets ratio (74%).
Low Risk Deposits: RESURS's Loans to Deposits ratio (123%) is appropriate.
Level of Bad Loans: RESURS has a high level of bad loans (16.4%).
Dividend
What is Resurs Holding current dividend yield, its reliability and sustainability?
6.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RESURS's dividend (6.13%) is higher than the bottom 25% of dividend payers in the Swedish market (1.16%).
High Dividend: RESURS's dividend (6.13%) is in the top 25% of dividend payers in the Swedish market (3.42%)
Stability and Growth of Payments
Stable Dividend: RESURS has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RESURS has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.8%), RESURS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RESURS's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Nils Helge Carlsson (51 yo)
0.92
Tenure
kr5,822,758
Compensation
Mr. Nils Helge George Carlsson serves as Director at Poolia AB (publ) since April 2021. He serves as the Chief Executive Officer & serves as President of Resurs Bank AB (publ) since June 1, 2020. He serves...
CEO Compensation Analysis
Compensation vs Market: Nils Helge's total compensation ($USD689.81K) is about average for companies of similar size in the Swedish market ($USD735.39K).
Compensation vs Earnings: Insufficient data to compare Nils Helge's compensation with company performance.
Leadership Team
Experienced Management: RESURS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: RESURS's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RESURS 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
Resurs Holding AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Resurs Holding AB (publ)
- Ticker: RESURS
- Exchange: OM
- Founded: 1977
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: kr8.742b
- Shares outstanding: 200.00m
- Website: https://www.resursholding.com/en/
Number of Employees
Location
- Resurs Holding AB (publ)
- Ekslingan 9
- VAela Norra
- Helsingborg
- Skåne County
- Sweden
Listings
Biography
Resurs Holding AB (publ), through its subsidiaries, provides payment solutions, consumer loans, and insurance products in Sweden, Norway, Finland, and Denmark. The company’s payment solutions comprise reta...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 20:08 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.