AAK AB (publ.)
Market Cap
kr38.9b
Last Updated
2020/03/31 20:59 UTC
Data Sources
Company Financials +
Executive Summary
AAK AB (publ.) develops and sells vegetable oils and fats in Sweden and internationally.
Rewards
Risk Analysis
No risks detected for AAK from our risk checks.
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has AAK AB (publ.)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AAK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
15.6%
AAK
13.9%
SE Food
7.4%
SE Market
1 Year Return
16.2%
AAK
9.6%
SE Food
-8.2%
SE Market
Return vs Industry: AAK exceeded the Swedish Food industry which returned 5.3% over the past year.
Return vs Market: AAK exceeded the Swedish Market which returned -9.7% over the past year.
Shareholder returns
| AAK | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.6% | 13.9% | 7.4% |
| 30 Day | -2.1% | -5.5% | -14.3% |
| 90 Day | -9.0% | -12.8% | -19.4% |
| 1 Year | 17.5%16.2% | 11.6%9.6% | -5.5%-8.2% |
| 3 Year | 72.5%66.2% | 38.2%29.9% | 4.9%-10.6% |
| 5 Year | 105.0%92.5% | 56.6%44.3% | 11.9%-11.6% |
Price Volatility Vs. Market
How volatile is AAK AB (publ.)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does AAK AB (publ.)'s (STO:AAK) Past Performance Indicate A Stronger Future?4 weeks ago | Simply Wall St
Should You Be Excited About AAK AB (publ.)'s (STO:AAK) 15% Return On Equity?1 month ago | Simply Wall St
AAK AB (publ.) (STO:AAK) Insiders Have Been SellingValuation
Is AAK AB (publ.) undervalued compared to its fair value and its price relative to the market?
27.63x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AAK (SEK161.9) is trading above our estimate of fair value (SEK127.56)
Significantly Below Fair Value: AAK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AAK is poor value based on its PE Ratio (27.6x) compared to the Food industry average (21.1x).
PE vs Market: AAK is poor value based on its PE Ratio (27.6x) compared to the Swedish market (14.3x).
Price to Earnings Growth Ratio
PEG Ratio: AAK is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: AAK is overvalued based on its PB Ratio (4x) compared to the SE Food industry average (1.5x).
Next Steps
Future Growth
How is AAK AB (publ.) forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
9.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AAK's forecast earnings growth (9.5% per year) is above the savings rate (-0.4%).
Earnings vs Market: AAK's earnings (9.5% per year) are forecast to grow faster than the Swedish market (7.9% per year).
High Growth Earnings: AAK's earnings are forecast to grow, but not significantly.
Revenue vs Market: AAK's revenue (5.3% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: AAK's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AAK's Return on Equity is forecast to be low in 3 years time (14.7%).
Next Steps
Past Performance
How has AAK AB (publ.) performed over the past 5 years?
10.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AAK has high quality earnings.
Growing Profit Margin: AAK's current net profit margins (5.2%) are higher than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: AAK's earnings have grown by 10.9% per year over the past 5 years.
Accelerating Growth: AAK's earnings growth over the past year (12.5%) exceeds its 5-year average (10.9% per year).
Earnings vs Industry: AAK earnings growth over the past year (12.5%) exceeded the Food industry -0.7%.
Return on Equity
High ROE: AAK's Return on Equity (14.5%) is considered low.
Next Steps
Financial Health
How is AAK AB (publ.)'s financial position?
Financial Position Analysis
Short Term Liabilities: AAK's short term assets (SEK13.5B) exceed its short term liabilities (SEK7.6B).
Long Term Liabilities: AAK's short term assets (SEK13.5B) exceed its long term liabilities (SEK4.9B).
Debt to Equity History and Analysis
Debt Level: AAK's debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: AAK's debt to equity ratio has reduced from 46.2% to 37% over the past 5 years.
Debt Coverage: AAK's debt is well covered by operating cash flow (40.4%).
Interest Coverage: AAK's interest payments on its debt are well covered by EBIT (17.4x coverage).
Balance Sheet
Inventory Level: AAK has a high level of physical assets or inventory.
Debt Coverage by Assets: AAK's debt is covered by short term assets (assets are 3.5x debt).
Next Steps
Dividend
What is AAK AB (publ.)'s current dividend yield, its reliability and sustainability?
1.30%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AAK's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (2.03%).
High Dividend: AAK's dividend (1.3%) is low compared to the top 25% of dividend payers in the Swedish market (6.45%).
Stability and Growth of Payments
Stable Dividend: AAK's dividends per share have been stable in the past 10 years.
Growing Dividend: AAK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.8%), AAK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AAK's dividends in 3 years are forecast to be well covered by earnings (35.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Johan Westman (46yo)
1.83s
Tenure
kr13,599,098
Compensation
Mr. Johan Westman has been the President and Chief Executive Officer of AAK AB (publ.) since May 2, 2018. Mr. Westman served as Managing Director of Blanklight and Senior Vice President of Europe at Shiloh ...
CEO Compensation Analysis
Compensation vs Market: Johan's total compensation ($USD1.36M) is about average for companies of similar size in the Swedish market ($USD1.37M).
Compensation vs Earnings: Insufficient data to compare Johan's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 1.83yrs | kr13.60m | no data | |
| CFO, Head of Corporate Communications | 6.17yrs | kr1.72m | 0.035% SEK13.8m | |
| President Global Operations & VP | no data | no data | no data | |
| CTO & VP | 9.17yrs | no data | 0.018% SEK7.0m | |
| Chief Strategy & Sustainability Officer | no data | no data | 0.047% SEK18.4m | |
| President of Asia & VP | no data | no data | 0.035% SEK13.8m | |
| President of Global Industries & VP | no data | no data | no data | |
| President of Global Sourcing & Trading and VP | 0.17yr | no data | no data | |
| Secretary of the Board | 1.83yrs | kr900.00k | no data | |
| VP & President of North Latin America | no data | no data | 0.095% SEK36.8m |
1.8yrs
Average Tenure
55.5yo
Average Age
Experienced Management: AAK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 2.83yrs | kr625.00k | 0.0024% SEK918.9k | |
| Chairman of the Board | 1.83yrs | kr950.00k | no data | |
| Independent Director | 2.83yrs | kr375.00k | 0.0024% SEK918.9k | |
| Director | 0.83yr | no data | no data | |
| Director | 6.83yrs | kr550.00k | no data | |
| Independent Director | 4.83yrs | kr375.00k | no data | |
| Deputy Director | 2.83yrs | no data | no data |
2.8yrs
Average Tenure
56.5yo
Average Age
Experienced Board: AAK's board of directors are not considered experienced ( 2.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AAK AB (publ.)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: AAK AB (publ.)
- Ticker: AAK
- Exchange: OM
- Founded:
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: kr38.935b
- Shares outstanding: 253.73m
- Website: https://www.aak.com
Number of Employees
Location
- AAK AB (publ.)
- Skrivaregatan 9
- Malmö
- Skåne County
- 215 32
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AAK | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | Sep 2005 |
| ARHU.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 2005 |
| 0A0J | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | SEK | Sep 2005 |
| 6AA0 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2005 |
| AAKS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | SEK | Sep 2005 |
Biography
AAK AB (publ.) develops and sells vegetable oils and fats in Sweden and internationally. It offers food ingredients for the bakery, dairy, special nutrition, and foodservice industries; chocolate and confectionery fats, including cocoa butter alternatives under the TROPICAO, ILLEXAO, AKOPOL, CEBES, SILKO, CHOCOFILL, and DELIAIR brands; speciality fats for confectionery filling; and functional emollients for the personal care industry. The company also provides fatty acids and glycerine for various applications, as well as proteins and fats for animal feeds. AAK AB (publ.) is headquartered in Malmö, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 20:59 |
| End of Day Share Price | 2020/03/31 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.