OM:SEAF

Stock Analysis Report

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Executive Summary

Seafire AB (publ) acquires and develops companies in the small-cap segment.


Snowflake Analysis

Concerning outlook with worrying balance sheet.

Share Price & News

How has Seafire's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SEAF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.0%

SEAF

5.7%

SE Capital Markets

2.6%

SE Market


1 Year Return

-30.6%

SEAF

62.7%

SE Capital Markets

6.0%

SE Market

Return vs Industry: SEAF underperformed the Swedish Capital Markets industry which returned 62.7% over the past year.

Return vs Market: SEAF underperformed the Swedish Market which returned 6% over the past year.


Shareholder returns

SEAFIndustryMarket
7 Day-2.0%5.7%2.6%
30 Day-4.2%-2.6%-0.7%
90 Day5.4%47.5%20.9%
1 Year-30.6%-30.6%67.0%62.7%7.5%6.0%
3 Yearn/a87.9%73.3%20.5%7.7%
5 Yearn/a-11.8%-27.7%37.8%10.6%

Price Volatility Vs. Market

How volatile is Seafire's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Seafire undervalued compared to its fair value and its price relative to the market?

2.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SEAF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SEAF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SEAF is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: SEAF is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SEAF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SEAF is overvalued based on its PB Ratio (2.8x) compared to the SE Capital Markets industry average (2.1x).


Next Steps

Future Growth

How is Seafire forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SEAF's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if SEAF's earnings are forecast to grow faster than the Swedish market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SEAF's revenue (15.3% per year) is forecast to grow faster than the Swedish market (6.2% per year).

High Growth Revenue: SEAF's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SEAF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Seafire performed over the past 5 years?

-34.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEAF is currently unprofitable.

Growing Profit Margin: SEAF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SEAF is unprofitable, and losses have increased over the past 5 years at a rate of -34.3% per year.

Accelerating Growth: Unable to compare SEAF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SEAF is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (16.6%).


Return on Equity

High ROE: SEAF has a negative Return on Equity (-67.61%), as it is currently unprofitable.


Next Steps

Financial Health

How is Seafire's financial position?


Financial Position Analysis

Short Term Liabilities: SEAF's short term assets (SEK72.8M) exceed its short term liabilities (SEK38.0M).

Long Term Liabilities: SEAF's short term assets (SEK72.8M) do not cover its long term liabilities (SEK144.9M).


Debt to Equity History and Analysis

Debt Level: SEAF's debt to equity ratio (470.6%) is considered high.

Reducing Debt: Insufficient data to determine if SEAF's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SEAF has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SEAF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Seafire current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SEAF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SEAF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SEAF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SEAF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SEAF's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Johan Bennarsten (48yo)

4.5yrs

Tenure

kr933,000

Compensation

Mr. Johan Bennarsten, M.D., MSc has been Chief Executive Officer of Followit Holdings AB since 2016. Mr. Bennarsten is the Chief Executive Officer of Hedén Group AB and Followit Sweden AB. He has been the  ...


CEO Compensation Analysis

Compensation vs Market: Johan's total compensation ($USD100.12K) is below average for companies of similar size in the Swedish market ($USD232.54K).

Compensation vs Earnings: Johan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Johan Bennarsten
Chief Executive Officer4.5yrskr933.00kno data
Mats Gullbrandsson
Investment Manager3.5yrskr915.00k2.42% SEK1.4m
Peter Friberg
Chief Financial Officer3.5yrsno datano data

3.5yrs

Average Tenure

54yo

Average Age

Experienced Management: SEAF's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lennart Jacobsson
Director4.5yrskr100.00k1.16% SEK666.6k
Tord Lendau
Director3.5yrskr100.00k6.37% SEK3.6m
Joachim Berner
Chairman4.5yrskr150.00k1.69% SEK966.9k
Susanne Tillqvist
Director2.5yrskr100.00kno data

4.0yrs

Average Tenure

60.5yo

Average Age

Experienced Board: SEAF's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.5%.


Top Shareholders

Company Information

Seafire AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seafire AB (publ)
  • Ticker: SEAF
  • Exchange: OM
  • Founded: 2016
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr57.227m
  • Shares outstanding: 9.70m
  • Website: https://seafireab.com

Location

  • Seafire AB (publ)
  • Norrlandsgatan 14, 1tr
  • Stockholm
  • Stockholm County
  • 111 43
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEAFOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKNov 2017

Biography

Seafire AB (publ) acquires and develops companies in the small-cap segment. The company was founded in 2016 and is based in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 20:53
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
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.