Attendo AB (publ) provides financed care services in Sweden, Finland, Norway, and Denmark.
Reasonable growth potential with imperfect balance sheet.
Share Price & News
How has Attendo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ATT exceeded the Swedish Healthcare industry which returned -18.8% over the past year.
Return vs Market: ATT underperformed the Swedish Market which returned -9.7% over the past year.
Price Volatility Vs. Market
How volatile is Attendo's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StIs Attendo AB (publ)'s (STO:ATT) ROE Of 1.4% Concerning?
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Attendo AB (publ)'s (STO:ATT) P/E Ratio
3 weeks ago | Simply Wall StIs Attendo (STO:ATT) Using Too Much Debt?
Is Attendo undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ATT (SEK40.14) is trading above our estimate of fair value (SEK18.76)
Significantly Below Fair Value: ATT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ATT is poor value based on its PE Ratio (79.7x) compared to the Healthcare industry average (17x).
PE vs Market: ATT is poor value based on its PE Ratio (79.7x) compared to the Swedish market (14.3x).
Price to Earnings Growth Ratio
PEG Ratio: ATT is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ATT is good value based on its PB Ratio (1.1x) compared to the SE Healthcare industry average (1.3x).
How is Attendo forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATT's forecast earnings growth (58.5% per year) is above the savings rate (-0.4%).
Earnings vs Market: ATT's earnings (58.5% per year) are forecast to grow faster than the Swedish market (7.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ATT's revenue (6.4% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: ATT's revenue (6.4% 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 (6%).
How has Attendo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATT has a large one-off gain of SEK59.2M impacting its December 31 2019 financial results.
Growing Profit Margin: ATT's current net profit margins (0.7%) are lower than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: ATT's earnings have declined by -9.6% per year over the past 5 years.
Accelerating Growth: ATT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATT had negative earnings growth (-66.8%) over the past year, making it difficult to compare to the Healthcare industry average (-25.3%).
Return on Equity
High ROE: ATT's Return on Equity (1.4%) is considered low.
How is Attendo's financial position?
Financial Position Analysis
Short Term Liabilities: ATT's short term assets (SEK2.2B) do not cover its short term liabilities (SEK2.7B).
Long Term Liabilities: ATT's short term assets (SEK2.2B) do not cover its long term liabilities (SEK11.8B).
Debt to Equity History and Analysis
Debt Level: ATT's debt to equity ratio (48.7%) is considered high.
Reducing Debt: ATT's debt to equity ratio has reduced from 205.6% to 48.7% over the past 5 years.
Debt Coverage: ATT's debt is well covered by operating cash flow (43.2%).
Interest Coverage: ATT's interest payments on its debt are not well covered by EBIT (1.1x coverage).
Inventory Level: ATT has a high level of physical assets or inventory.
Debt Coverage by Assets: ATT's debt is not covered by short term assets (assets are 0.8x debt).
What is Attendo's current dividend yield, its reliability and sustainability?
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 payouts.
High Dividend: Unable to evaluate ATT's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
Current Payout to Shareholders
Dividend Coverage: ATT is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATT's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Martin Tivéus (49yo)
Mr. Martin Folke Tivéus has been the Chief Executive Officer at Attendo AB (publ) since September, 2018 and has been its President since 2018. Mr. Tivéus is Director of Telia Company AB since March 2018. H ...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD1.11M) is above average for companies of similar size in the Swedish market ($USD624.02K).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
|CEO & President||1.5yrs||kr11.07m||0.028% SEK1.8m|
|Chief Financial Officer||2yrs||no data||0.0062% SEK401.7k|
|Communications & IR Director||3.92yrs||no data||0.016% SEK1.0m|
|Managing Director of Attendo Scandinavia||no data||no data||0.95% SEK61.6m|
|Head of Community Communications||no data||no data||no data|
|Head of Corporate Control||no data||no data||no data|
|Managing Director of Attendo Finland||no data||no data||no data|
Experienced Management: ATT's management team is considered experienced (2 years average tenure).
|Independent Director||13.17yrs||kr425.00k||0.78% SEK50.4m|
|Independent Director||3.83yrs||kr350.00k||0.0068% SEK437.2k|
|Chairman of the Board||2.92yrs||kr1.13m||0.012% SEK802.7k|
|Independent Director||1.92yrs||kr485.00k||no data|
|Employee Representative Director||13.17yrs||no data||0.000040% SEK2.6k|
|Independent Director||3.83yrs||kr550.00k||0.0062% SEK401.7k|
|Independent Director||3.83yrs||kr685.00k||0.0037% SEK240.9k|
|Employee Representative Director||0.50yr||no data||no data|
|Alternate Representative Director||0.50yr||no data||no data|
Experienced Board: ATT's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Attendo AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Attendo AB (publ)
- Ticker: ATT
- Exchange: OM
- Founded: 1985
- Industry: Health Care Facilities
- Sector: Healthcare
- Market Cap: kr6.458b
- Shares outstanding: 160.89m
- Website: https://www.attendo.com
Number of Employees
- Attendo AB (publ)
- Vendevägen 85
- Stockholm County
- 182 91
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ATT||OM (OMX Nordic Exchange Stockholm)||Yes||Class A Shares||SE||SEK||Nov 2015|
|7AT||DB (Deutsche Boerse AG)||Yes||Class A Shares||DE||EUR||Nov 2015|
|ATTS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class A Shares||GB||SEK||Nov 2015|
|0RCY||LSE (London Stock Exchange)||Yes||Class A Shares||GB||SEK||Nov 2015|
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 care services for people with disabilities; homes for children with special needs; consultant supported family home care services; crisis and acute accommodations; substance abuse care services; and care homes for people with neuropsychiatric conditions. The company was founded in 1985 and is headquartered in Danderyd, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 23:55|
|End of Day Share Price||2020/03/30 00:00|
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.