AB Traction
Market Cap
kr2.8b
Last Updated
2021/01/22 19:12 UTC
Data Sources
Company Financials
Executive Summary
AB Traction is a private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments. More Details
Risk Analysis
Snowflake Analysis
Excellent balance sheet unattractive dividend payer.
Share Price & News
How has AB Traction's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRAC B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TRAC B's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
TRAC B
6.1%
SE Capital Markets
1.6%
SE Market
1 Year Return
0.8%
TRAC B
73.9%
SE Capital Markets
15.6%
SE Market
Return vs Industry: TRAC B underperformed the Swedish Capital Markets industry which returned 70.5% over the past year.
Return vs Market: TRAC B underperformed the Swedish Market which returned 17.1% over the past year.
Shareholder returns
| TRAC B | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 6.1% | 1.6% |
| 30 Day | 2.2% | 11.4% | 5.6% |
| 90 Day | 9.9% | 26.9% | 10.9% |
| 1 Year | 3.4%0.8% | 76.3%73.9% | 18.7%15.6% |
| 3 Year | 8.2%1.6% | 94.6%79.5% | 48.6%30.9% |
| 5 Year | 88.4%71.0% | 154.8%115.3% | 87.5%47.6% |
Long-Term Price Volatility Vs. Market
How volatile is AB Traction's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Are Dividend Investors Making A Mistake With AB Traction (STO:TRAC B)?2 months ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In AB Traction's (STO:TRAC B) Shares?4 months ago | Simply Wall St
Should AB Traction (STO:TRAC B) Be Part Of Your Income Portfolio?Valuation
Is AB Traction undervalued compared to its fair value and its price relative to the market?
1.03x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TRAC B's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TRAC B's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TRAC B is unprofitable, so we can't compare its PE Ratio to the SE Capital Markets industry average.
PE vs Market: TRAC B 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 TRAC B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRAC B is good value based on its PB Ratio (1x) compared to the SE Capital Markets industry average (1.3x).
Next Steps
Future Growth
How is AB Traction 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 AB Traction 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
- Examine AB Traction's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- AB Traction competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has AB Traction performed over the past 5 years?
-37.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRAC B is currently unprofitable.
Growing Profit Margin: TRAC B is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRAC B is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.
Accelerating Growth: Unable to compare TRAC B's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRAC B is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (106.2%).
Return on Equity
High ROE: TRAC B has a negative Return on Equity (-2.61%), as it is currently unprofitable.
Next Steps
Financial Health
How is AB Traction's financial position?
Financial Position Analysis
Short Term Liabilities: TRAC B's short term assets (SEK1.6B) exceed its short term liabilities (SEK5.3M).
Long Term Liabilities: TRAC B's short term assets (SEK1.6B) do not cover its long term liabilities (SEK-100.0K).
Debt to Equity History and Analysis
Debt Level: TRAC B is debt free.
Reducing Debt: TRAC B has not had any debt for past 5 years.
Debt Coverage: TRAC B has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TRAC B has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is AB Traction current dividend yield, its reliability and sustainability?
2.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRAC B's dividend (2.22%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).
High Dividend: TRAC B's dividend (2.22%) is low compared to the top 25% of dividend payers in the Swedish market (3.41%).
Stability and Growth of Payments
Stable Dividend: TRAC B's dividend payments have been volatile in the past 10 years.
Growing Dividend: TRAC B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: TRAC B is paying a dividend but the company is unprofitable.
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?
6.0yrs
Average management tenure
CEO
Petter Stillström (48 yo)
20yrs
Tenure
kr300,000
Compensation
Mr. Petter Stillström, M.Sc., has been the Chief Executive Officer of AB Traction since 2001 and served as its President from 2001 until March 01, 2016. Mr. Stillström serves as Investment Manager at AB Tr...
CEO Compensation Analysis
Compensation vs Market: Petter's total compensation ($USD36.19K) is below average for companies of similar size in the Swedish market ($USD507.36K).
Compensation vs Earnings: Petter's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Investment Manager & Director | 20yrs | kr300.00k | 18.74% SEK 523.9m | |
| Investment Manager | no data | no data | no data | |
| Asset Manager and Financial Analyst | 6yrs | no data | no data | |
| 1.75yrs | no data | no data |
6.0yrs
Average Tenure
Experienced Management: TRAC B's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Investment Manager & Director | 20yrs | kr300.00k | 18.74% SEK 523.9m | |
| Chairman | no data | no data | 39.09% SEK 1.1b | |
| Director | 1yr | no data | no data | |
| Director | 1yr | no data | no data |
1.0yrs
Average Tenure
56yo
Average Age
Experienced Board: TRAC B's board of directors are not considered experienced ( 1 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AB Traction's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AB Traction
- Ticker: TRAC B
- Exchange: OM
- Founded: 1974
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: kr2.795b
- Shares outstanding: 14.79m
- Website: https://www.traction.se
Location
- AB Traction
- Birger Jarlsgatan 33, 3 tr
- Stockholm
- 103 66
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRAC B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Sep 1998 |
| 0GOS | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Sep 1998 |
| TRACBs | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Sep 1998 |
Biography
AB Traction is a private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments. It invests in public and private companies. In ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 19:12 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| 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.