Resurs Holding
Market Cap
kr6.2b
Last Updated
2020/04/06 00:48 UTC
Data Sources
Company Financials +
Executive Summary
Resurs Holding AB (publ), through its subsidiaries, provides payment solutions, consumer loans, and insurance products in Sweden, Denmark, Norway, and Finland.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued average dividend payer.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.8%
RESURS
-6.0%
SE Consumer Finance
0.5%
SE Market
1 Year Return
-48.3%
RESURS
-51.7%
SE Consumer Finance
-13.2%
SE Market
Return vs Industry: RESURS exceeded the Swedish Consumer Finance industry which returned -51.7% over the past year.
Return vs Market: RESURS underperformed the Swedish Market which returned -13.2% over the past year.
Shareholder returns
| RESURS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -6.0% | 0.5% |
| 30 Day | -38.7% | -37.8% | -17.9% |
| 90 Day | -49.3% | -44.9% | -23.1% |
| 1 Year | -44.9%-48.3% | -49.7%-51.7% | -11.0%-13.2% |
| 3 Year | -29.6%-42.6% | -59.7%-67.9% | -0.2%-14.7% |
| 5 Year | n/a | -55.5%-67.6% | 6.1%-16.0% |
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
10 months ago | Simply Wall St
What Is Resurs Holding AB (publ)'s (STO:RESURS) Share Price Doing?10 months ago | Simply Wall St
Is Resurs Holding AB (publ)'s (STO:RESURS) CEO Being Overpaid?11 months ago | Simply Wall St
What Kind Of Investor Owns Most Of Resurs Holding AB (publ) (STO:RESURS)?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 (SEK31.02) is trading below our estimate of fair value (SEK97.2)
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 (5.1x) compared to the Consumer Finance industry average (5.3x).
PE vs Market: RESURS is good value based on its PE Ratio (5.1x) compared to the Swedish market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: RESURS is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: RESURS is overvalued based on its PB Ratio (0.9x) compared to the XE Consumer Finance industry average (0.6x).
Next Steps
Future Growth
How is Resurs Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RESURS's forecast earnings growth (10.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: RESURS's earnings (10.7% per year) are forecast to grow faster than the Swedish market (8.3% per year).
High Growth Earnings: RESURS's earnings are forecast to grow, but not significantly.
Revenue vs Market: RESURS's revenue (12.9% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: RESURS's revenue (12.9% 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 (19.7%).
Next Steps
Past Performance
How has Resurs Holding performed over the past 5 years?
16.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RESURS has a high level of non-cash earnings.
Growing Profit Margin: RESURS's current net profit margins (40.3%) are higher than last year (39.4%).
Past Earnings Growth Analysis
Earnings Trend: RESURS's earnings have grown by 16.4% per year over the past 5 years.
Accelerating Growth: RESURS's earnings growth over the past year (6.1%) is below its 5-year average (16.4% per year).
Earnings vs Industry: RESURS earnings growth over the past year (6.1%) underperformed the Consumer Finance industry 17.9%.
Return on Equity
High ROE: RESURS's Return on Equity (17%) is considered low.
Next Steps
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
Inventory Level: RESURS has a low level of unsold assets or inventory.
Debt Coverage by Assets: RESURS's debt is not covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: RESURS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if RESURS has a sufficient allowance for bad loans.
Low Risk Liabilities: RESURS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if RESURS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RESURS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if RESURS has an appropriate level of bad loans.
Next Steps
Dividend
What is Resurs Holding's current dividend yield, its reliability and sustainability?
12.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RESURS's dividend (12.57%) is higher than the bottom 25% of dividend payers in the Swedish market (2.07%).
High Dividend: RESURS's dividend (12.57%) is in the top 25% of dividend payers in the Swedish market (6.37%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RESURS has been paying a dividend for less than 10 years.
Growing Dividend: RESURS's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.3%), 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 (59.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Kenneth Nilsson (57yo)
8.25s
Tenure
kr5,974,000
Compensation
Mr. Kenneth Nilsson has been the Chief Executive Officer and President at Resurs Holding AB (publ) since 2012. Mr. Nilsson has been the Chief Executive Officer of Resurs Bank AB (publ) since September 01, ...
CEO Compensation Analysis
Compensation vs Market: Kenneth's total compensation ($USD586.91K) is about average for companies of similar size in the Swedish market ($USD652.39K).
Compensation vs Earnings: Kenneth's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 8.25yrs | kr5.97m | 0.24% SEK14.8m | |
| Interim CFO & Head of IR | 1.25yrs | no data | 0.0060% SEK375.3k | |
| Chief Operating Officer | 1.58yrs | no data | 0.038% SEK2.3m | |
| Chief Information Officer | 2.25yrs | no data | no data | |
| Chief Marketing Officer | 3.08yrs | no data | no data | |
| Chief Human Resources Officer | 3yrs | no data | no data | |
| MD of Solid Försäkringar | no data | no data | no data | |
| Chief Commercial Officer | 2.25yrs | no data | no data | |
| Investor Relations Officer | no data | no data | no data |
2.3yrs
Average Tenure
46yo
Average Age
Experienced Management: RESURS's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5.25yrs | kr582.00k | 0.0042% SEK260.6k | |
| Independent Director | 8.25yrs | kr723.00k | 0.033% SEK2.0m | |
| Independent Director | 8.25yrs | kr440.00k | 0.054% SEK3.4m | |
| Independent Director | 8.25yrs | kr465.00k | 0.0077% SEK480.2k | |
| Independent Director | 5.25yrs | kr594.00k | 0.012% SEK725.9k | |
| Chairman | 0.50yr | kr710.00k | no data | |
| Independent Director | 2yrs | kr440.00k | no data | |
| Independent Director | 1yr | kr293.00k | no data |
5.3yrs
Average Tenure
53.5yo
Average Age
Experienced Board: RESURS's board of directors are considered experienced (5.3 years average tenure).
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: kr6.204b
- Shares outstanding: 200.00m
- Website: https://www.resursholding.se
Number of Employees
Location
- Resurs Holding AB (publ)
- Ekslingan 9
- Väla North
- Helsingborg
- Skåne County
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RESURS | OM (OMX Nordic Exchange Stockholm) | Yes | Share Capital | SE | SEK | Apr 2016 |
| 4R6 | DB (Deutsche Boerse AG) | Yes | Share Capital | DE | EUR | Apr 2016 |
| 0RFP | LSE (London Stock Exchange) | Yes | Share Capital | GB | SEK | Apr 2016 |
| RSRS.F | OTCPK (Pink Sheets LLC) | Yes | Share Capital | US | USD | Apr 2016 |
| RESURS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | SEK | Apr 2016 |
Biography
Resurs Holding AB (publ), through its subsidiaries, provides payment solutions, consumer loans, and insurance products in Sweden, Denmark, Norway, and Finland. The company’s payment solutions comprises retail finance, which includes sales-driving finance, and payment and loyalty solutions to chain stores and e-commerce companies; credit cards for retail finance partner; and factoring that focuses on invoice factoring and invoice discounting for small and mid-sized companies increase their liquidity and reduce credit risk. It also offers consumer loans focusing primarily on lending to consumers; and insurance products, such as product, security, motor, and travel. The company was founded in 1977 and is headquartered in Helsingborg, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/06 00:48 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| 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.