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ATT

Attendo OM:ATT Stock Report

Last Price

kr25.28

Market Cap

kr4.1b

7D

7.1%

1Y

-39.1%

Updated

15 Aug, 2022

Data

Company Financials +
ATT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ATT Stock Overview

Attendo AB (publ) provides financed care services in Sweden, Finland, Norway, and Denmark.

Rewards

Trading at 83.3% below our estimate of its fair value

Earnings are forecast to grow 100.52% per year

Risk Analysis

No risks detected for ATT from our risk checks.

Attendo Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Attendo
Historical stock prices
Current Share Pricekr25.28
52 Week Highkr43.20
52 Week Lowkr17.55
Beta0.73
1 Month Change16.82%
3 Month Change-0.86%
1 Year Change-39.06%
3 Year Change-39.08%
5 Year Change-75.31%
Change since IPO-63.89%

Recent News & Updates

Shareholder Returns

ATTSE HealthcareSE Market
7D7.1%2.9%0.9%
1Y-39.1%-32.7%-20.9%

Return vs Industry: ATT underperformed the Swedish Healthcare industry which returned -32.9% over the past year.

Return vs Market: ATT underperformed the Swedish Market which returned -21.8% over the past year.

Price Volatility

Is ATT's price volatile compared to industry and market?
ATT volatility
ATT Average Weekly Movement4.4%
Healthcare Industry Average Movement5.0%
Market Average Movement7.2%
10% most volatile stocks in SE Market12.6%
10% least volatile stocks in SE Market4.5%

Stable Share Price: ATT is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ATT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198527,000Martin Tiveushttps://www.attendo.com

Attendo AB (publ) provides financed care services in Sweden, Finland, Norway, and Denmark. The company offers care services for older people in nursing homes and home care. It also provides disabilities care services for people with disabilities, such as homes and supportive housing, daily activities, respite care, and short-term accommodation; and social psychiatry, and emergency shelters and family support homes for individuals and family.

Attendo Fundamentals Summary

How do Attendo's earnings and revenue compare to its market cap?
ATT fundamental statistics
Market Capkr4.07b
Earnings (TTM)-kr11.00m
Revenue (TTM)kr13.63b

0.3x

P/S Ratio

-369.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATT income statement (TTM)
Revenuekr13.63b
Cost of Revenuekr9.35b
Gross Profitkr4.28b
Other Expenseskr4.29b
Earnings-kr11.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 26, 2022

Earnings per share (EPS)-0.068
Gross Margin31.42%
Net Profit Margin-0.08%
Debt/Equity Ratio41.3%

How did ATT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ATT 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/Revenue1.3x
Enterprise Value/EBITDA24x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ATT's PS Ratio compare to its peers?

ATT PS Ratio vs Peers
The above table shows the PS ratio for ATT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average10.5x
AMBEA Ambea
0.4x3.9%kr4.7b
HUM Humana
0.3x5.8%kr2.4b
BACTI B Bactiguard Holding
21.4xn/akr4.2b
XVIVO Xvivo Perfusion
19.8x30.2%kr6.5b
ATT Attendo
0.3x5.7%kr4.1b

Price-To-Sales vs Peers: ATT is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (10.5x).


Price to Earnings Ratio vs Industry

How does ATT's PE Ratio compare vs other companies in the European Healthcare Industry?

Price-To-Sales vs Industry: ATT is good value based on its Price-To-Sales Ratio (0.3x) compared to the Swedish Healthcare industry average (0.4x)


Price to Sales Ratio vs Fair Ratio

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

ATT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: ATT is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).


Share Price vs Fair Value

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

Below Fair Value: ATT (SEK25.28) is trading below our estimate of fair value (SEK151.8)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Attendo forecast to perform in the next 1 to 3 years based on estimates from 3 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


100.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ATT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).

Earnings vs Market: ATT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ATT is expected to become profitable in the next 3 years.

Revenue vs Market: ATT's revenue (5.7% per year) is forecast to grow slower than the Swedish market (10.9% per year).

High Growth Revenue: ATT's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ATT's Return on Equity is forecast to be low in 3 years time (8.1%).


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Past Performance

How has Attendo performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-52.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATT is currently unprofitable.

Growing Profit Margin: ATT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATT is unprofitable, and losses have increased over the past 5 years at a rate of 52.5% per year.

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

Earnings vs Industry: ATT is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (21.3%).


Return on Equity

High ROE: ATT has a negative Return on Equity (-0.16%), as it is currently unprofitable.


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Financial Health

How is Attendo's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ATT's short term assets (SEK2.2B) do not cover its short term liabilities (SEK3.6B).

Long Term Liabilities: ATT's short term assets (SEK2.2B) do not cover its long term liabilities (SEK13.6B).


Debt to Equity History and Analysis

Debt Level: ATT's net debt to equity ratio (32.9%) is considered satisfactory.

Reducing Debt: ATT's debt to equity ratio has reduced from 71.5% to 41.3% over the past 5 years.

Debt Coverage: ATT's debt is well covered by operating cash flow (73.6%).

Interest Coverage: ATT's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.62%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ATT'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 ATT's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: ATT is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ATT has not reported any payouts.


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Management

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

4.4yrs

Average management tenure


CEO

Martin Tiveus (52 yo)

3.92yrs

Tenure

kr12,285,000

Compensation

Mr. Martin Folke Tiveus has been Independent Director at Sats ASA since May 11, 2021. He has been the Chief Executive Officer at Attendo AB (publ) since September, 2018 and has been its President since 201...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD1.19M) is above average for companies of similar size in the Swedish market ($USD548.11K).

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


Leadership Team

Experienced Management: ATT's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: ATT's board of directors are not considered experienced ( 2.2 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: ATT insiders have only sold shares 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

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


Key Information

  • Name: Attendo AB (publ)
  • Ticker: ATT
  • Exchange: OM
  • Founded: 1985
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Implied Market Cap: kr4.068b
  • Shares outstanding: 160.93m
  • Website: https://www.attendo.com

Number of Employees


Location

  • Attendo AB (publ)
  • VendevAegen 85
  • Danderyd
  • Stockholm County
  • 182 91
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
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.