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CLA

Cloetta OM:CLA B Stock Report

Last Price

kr21.06

Market Cap

kr6.0b

7D

3.1%

1Y

-17.5%

Updated

28 Jun, 2022

Data

Company Financials +
CLA B fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health5/6
Dividends3/6

CLA B Stock Overview

Cloetta AB (publ) operates as a confectionary company.

Cloetta Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cloetta
Historical stock prices
Current Share Pricekr21.06
52 Week Highkr30.02
52 Week Lowkr20.10
Beta0.92
1 Month Change-5.31%
3 Month Change-18.81%
1 Year Change-17.54%
3 Year Change-29.71%
5 Year Change-39.13%
Change since IPO-37.13%

Recent News & Updates

Shareholder Returns

CLA BSE FoodSE Market
7D3.1%3.5%1.1%
1Y-17.5%-21.1%-20.9%

Return vs Industry: CLA B exceeded the Swedish Food industry which returned -22.3% over the past year.

Return vs Market: CLA B exceeded the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is CLA B's price volatile compared to industry and market?
CLA B volatility
CLA B Average Weekly Movement4.7%
Food Industry Average Movement9.1%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: CLA B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CLA B's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18622,600Henri de Sauvage-Noltinghttps://www.cloetta.com

Cloetta AB (publ) operates as a confectionary company. It manufactures and markets chocolate confectionery products, including pralines, chocolate wafers, dragees, plates, and countlines under the Kexchoklad, Polly, Center, Plopp, Tupla, Royal, Sportlunch, Bridge, Lonka, Sinas, Snippers, and Lonka soft nougat brands. The company also provides confectionery products comprising foams, wine gums, liquorice, toffees, hard boiled candies, and lollypops under the Malaco, Red Band, Ahlgrens bilar, Venco, Chewits, and Juleskum brands.

Cloetta Fundamentals Summary

How do Cloetta's earnings and revenue compare to its market cap?
CLA B fundamental statistics
Market Capkr5.98b
Earnings (TTM)kr500.00m
Revenue (TTM)kr6.19b

12.1x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLA B income statement (TTM)
Revenuekr6.19b
Cost of Revenuekr3.94b
Gross Profitkr2.24b
Other Expenseskr1.74b
Earningskr500.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 15, 2022

Earnings per share (EPS)1.74
Gross Margin36.26%
Net Profit Margin8.08%
Debt/Equity Ratio47.1%

How did CLA B perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

58%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CLA B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CLA B?

Other financial metrics that can be useful for relative valuation.

CLA B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA9.7x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does CLA B's PE Ratio compare to its peers?

CLA B PE Ratio vs Peers
The above table shows the PE ratio for CLA B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average41.4x
SCST Scandi Standard
42.7x54.8%kr2.4b
SKMO Skåne-möllan
71.7xn/akr1.6b
MSON B Midsona
23.2x25.7%kr1.6b
AAK AAK AB (publ.)
27.7x14.2%kr42.3b
CLA B Cloetta
12x11.5%kr6.0b

Price-To-Earnings vs Peers: CLA B is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (41.3x).


Price to Earnings Ratio vs Industry

How does CLA B's PE Ratio compare vs other companies in the European Food Industry?

Price-To-Earnings vs Industry: CLA B is good value based on its Price-To-Earnings Ratio (12x) compared to the Swedish Food industry average (27.1x)


Price to Earnings Ratio vs Fair Ratio

What is CLA B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CLA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: CLA B is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Share Price vs Fair Value

What is the Fair Price of CLA B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CLA B's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CLA B's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: CLA B is poor value based on its PEG Ratio (1x)


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLA B's forecast earnings growth (11.5% per year) is above the savings rate (0.3%).

Earnings vs Market: CLA B's earnings (11.5% per year) are forecast to grow faster than the Swedish market (9.8% per year).

High Growth Earnings: CLA B's earnings are forecast to grow, but not significantly.

Revenue vs Market: CLA B's revenue (2.7% per year) is forecast to grow slower than the Swedish market (5.6% per year).

High Growth Revenue: CLA B's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLA B's Return on Equity is forecast to be low in 3 years time (11.5%).


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Past Performance

How has Cloetta performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLA B has high quality earnings.

Growing Profit Margin: CLA B's current net profit margins (8.1%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: CLA B's earnings have grown by 5.1% per year over the past 5 years.

Accelerating Growth: CLA B's earnings growth over the past year (54.3%) exceeds its 5-year average (5.1% per year).

Earnings vs Industry: CLA B earnings growth over the past year (54.3%) exceeded the Food industry -3.2%.


Return on Equity

High ROE: CLA B's Return on Equity (10.5%) is considered low.


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Financial Health

How is Cloetta's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CLA B's short term assets (SEK2.6B) exceed its short term liabilities (SEK1.6B).

Long Term Liabilities: CLA B's short term assets (SEK2.6B) do not cover its long term liabilities (SEK3.5B).


Debt to Equity History and Analysis

Debt Level: CLA B's net debt to equity ratio (32.5%) is considered satisfactory.

Reducing Debt: CLA B's debt to equity ratio has reduced from 64.2% to 47.1% over the past 5 years.

Debt Coverage: CLA B's debt is well covered by operating cash flow (37.2%).

Interest Coverage: CLA B's interest payments on its debt are well covered by EBIT (34.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.75%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CLA B's dividend (4.8%) is higher than the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: CLA B's dividend (4.8%) is low compared to the top 25% of dividend payers in the Swedish market (5.41%).


Stability and Growth of Payments

Stable Dividend: CLA B has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CLA B's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.5%), CLA B's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45.6%), CLA B's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.3yrs

Average management tenure


CEO

Henri de Sauvage-Nolting (59 yo)

5.33yrs

Tenure

kr10,881,000

Compensation

Mr. Henri de Sauvage-Nolting has been the Chief Executive Officer and President of Cloetta AB (publ) since February 15, 2017. Before joining Cloetta, Mr. de Sauvage-Nolting served as an External Strategic...


CEO Compensation Analysis

Compensation vs Market: Henri's total compensation ($USD1.08M) is above average for companies of similar size in the Swedish market ($USD563.24K).

Compensation vs Earnings: Henri's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CLA B's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: CLA B's board of directors are considered experienced (6.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CLA B 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

Cloetta AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Cloetta AB (publ)
  • Ticker: CLA B
  • Exchange: OM
  • Founded: 1862
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr5.982b
  • Shares outstanding: 287.03m
  • Website: https://www.cloetta.com

Number of Employees


Location

  • Cloetta AB (publ)
  • LandsvAegen 50A
  • Box 2052
  • Sundbyberg
  • Stockholm County
  • 174 02
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.