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SWMA

Swedish Match OM:SWMA Stock Report

Last Price

kr100.90

Market Cap

kr153.9b

7D

0.4%

1Y

35.3%

Updated

26 Jun, 2022

Data

Company Financials +
SWMA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health2/6
Dividends5/6

SWMA Stock Overview

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally.

Swedish Match Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Swedish Match
Historical stock prices
Current Share Pricekr100.90
52 Week Highkr103.80
52 Week Lowkr63.16
Beta0.17
1 Month Change-0.98%
3 Month Change36.35%
1 Year Change35.25%
3 Year Change157.40%
5 Year Change240.07%
Change since IPO4,507.31%

Recent News & Updates

Shareholder Returns

SWMASE TobaccoSE Market
7D0.4%0%0%
1Y35.3%0%0%

Return vs Industry: SWMA exceeded the Swedish Tobacco industry which returned 24.2% over the past year.

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

Price Volatility

Is SWMA's price volatile compared to industry and market?
SWMA volatility
SWMA Average Weekly Movement8.0%
Tobacco Industry Average Movement0%
Market Average Movement0%
10% most volatile stocks in SE Market0%
10% least volatile stocks in SE Market0%

Stable Share Price: SWMA is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SWMA's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19157,523Lars Dahlgrenhttps://www.swedishmatch.com

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, nicotine free products, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, Thunder, VOLT, Swave, ZYN, G.4, Onico, Qvitt, Longhorn, and Timber Wolf brand names.

Swedish Match Fundamentals Summary

How do Swedish Match's earnings and revenue compare to its market cap?
SWMA fundamental statistics
Market Capkr153.87b
Earnings (TTM)kr5.93b
Revenue (TTM)kr18.93b

25.9x

P/E Ratio

8.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SWMA income statement (TTM)
Revenuekr18.93b
Cost of Revenuekr6.41b
Gross Profitkr12.52b
Other Expenseskr6.59b
Earningskr5.93b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 22, 2022

Earnings per share (EPS)3.89
Gross Margin66.13%
Net Profit Margin31.33%
Debt/Equity Ratio-281.5%

How did SWMA perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

49%

Payout Ratio

Does SWMA pay a reliable dividends?

See SWMA dividend history and benchmarks
When do you need to buy SWMA by to receive an upcoming dividend?
Swedish Match dividend dates
Ex Dividend DateNov 11 2022
Dividend Pay DateNov 17 2022
Days until Ex dividend138 days
Days until Dividend pay date144 days

Does SWMA pay a reliable dividends?

See SWMA dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 SWMA?

Other financial metrics that can be useful for relative valuation.

SWMA 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/Revenue8.8x
Enterprise Value/EBITDA19.8x
PEG Ratio3.2x

Price to Earnings Ratio vs Peers

How does SWMA's PE Ratio compare to its peers?

SWMA PE Ratio vs Peers
The above table shows the PE ratio for SWMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17x

Price-To-Earnings vs Peers: SWMA is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the peer average (17x).


Price to Earnings Ratio vs Industry

How does SWMA's PE Ratio compare vs other companies in the Global Tobacco Industry?

Price-To-Earnings vs Industry: SWMA is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the European Tobacco industry average (10.3x)


Price to Earnings Ratio vs Fair Ratio

What is SWMA'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.

SWMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.9x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: SWMA is expensive based on its Price-To-Earnings Ratio (25.9x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).


Share Price vs Fair Value

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

Below Fair Value: SWMA (SEK100.9) is trading below our estimate of fair value (SEK156.11)

Significantly Below Fair Value: SWMA is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: SWMA is poor value based on its PEG Ratio (3.2x)


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Future Growth

How is Swedish Match forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SWMA's forecast earnings growth (8.2% per year) is above the savings rate (0.3%).

Earnings vs Market: SWMA's earnings (8.2% per year) are forecast to grow slower than the Swedish market (9.8% per year).

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

Revenue vs Market: SWMA's revenue (6% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: SWMA's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SWMA's Return on Equity is forecast to be very high in 3 years time (285%).


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Past Performance

How has Swedish Match performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SWMA has high quality earnings.

Growing Profit Margin: SWMA's current net profit margins (31.3%) are lower than last year (32.1%).


Past Earnings Growth Analysis

Earnings Trend: SWMA's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: SWMA's earnings growth over the past year (7.8%) is below its 5-year average (11% per year).

Earnings vs Industry: SWMA earnings growth over the past year (7.8%) exceeded the Tobacco industry 2.9%.


Return on Equity

High ROE: SWMA's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Swedish Match's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SWMA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SWMA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SWMA has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SWMA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: SWMA's debt is well covered by operating cash flow (41.3%).

Interest Coverage: SWMA's interest payments on its debt are well covered by EBIT (26.1x coverage).


Balance Sheet


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Dividend

What is Swedish Match current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.84%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 26 2022Ex Dividend DateNov 11 2022Dividend Pay DateNov 17 20226 days from Ex DividendBuy in the next 138 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SWMA's dividend (1.84%) is higher than the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: SWMA's dividend (1.84%) is low compared to the top 25% of dividend payers in the Swedish market (5.41%).


Stability and Growth of Payments

Stable Dividend: SWMA's dividends per share have been stable in the past 10 years.

Growing Dividend: SWMA's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48.7%), SWMA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (55%), SWMA's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

6.8yrs

Average management tenure


CEO

Lars Dahlgren (51 yo)

14yrs

Tenure

kr19,311,000

Compensation

Mr. Lars Dahlgren, MBA, has been the Chief Executive Officer and President of Swedish Match AB (publ) since June 1, 2008. He is a Member of the Group Management Team since 2004. He served as Director at Or...


CEO Compensation Analysis

Compensation vs Market: Lars's total compensation ($USD1.91M) is about average for companies of similar size in the Swedish market ($USD2.58M).

Compensation vs Earnings: Lars's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SWMA's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: SWMA's board of directors are considered experienced (5.4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Swedish Match AB (publ)
  • Ticker: SWMA
  • Exchange: OM
  • Founded: 1915
  • Industry: Tobacco
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: kr153.873b
  • Shares outstanding: 1.53b
  • Website: https://www.swedishmatch.com

Number of Employees


Location

  • Swedish Match AB (publ)
  • SveavAegen 44
  • 8th Floor
  • Stockholm
  • Stockholm County
  • 118 85
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/23 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.