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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


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

RESURSIndustryMarket
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 Year35.0%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 Year3.9%-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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 20:08
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.