OM:ATT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

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

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


Market Performance


7 Day Return

4.3%

ATT

0.03%

SE Healthcare

-0.4%

SE Market


1 Year Return

-14.5%

ATT

22.0%

SE Healthcare

13.2%

SE Market

Return vs Industry: ATT underperformed the Swedish Healthcare industry which returned 22.4% over the past year.

Return vs Market: ATT underperformed the Swedish Market which returned 13.3% over the past year.


Shareholder returns

ATTIndustryMarket
7 Day4.3%0.03%-0.4%
30 Day7.4%12.2%3.9%
90 Day-2.3%13.6%7.8%
1 Year-14.5%-14.5%22.0%22.0%16.3%13.2%
3 Year-43.5%-45.1%25.8%23.1%45.1%27.8%
5 Year-28.4%-31.9%-7.5%-12.2%83.9%44.8%

Long-Term 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

Valuation

Is Attendo undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ATT (SEK46.66) is trading below our estimate of fair value (SEK120.65)

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


Price To Earnings Ratio

PE vs Industry: ATT is unprofitable, so we can't compare its PE Ratio to the SE Healthcare industry average.

PE vs Market: ATT is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATT's PB Ratio (1.5x) is in line with the SE Healthcare industry average.


Next Steps

Future Growth

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

107.2%

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's is expected to become profitable in the next 3 years.

Revenue vs Market: ATT's revenue (4.8% per year) is forecast to grow faster than the Swedish market (3.5% per year).

High Growth Revenue: ATT's revenue (4.8% 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 (6.6%).


Next Steps

Past Performance

How has Attendo performed over the past 5 years?

-45.4%

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 45.4% 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 (-11.1%).


Return on Equity

High ROE: ATT has a negative Return on Equity (-19.2%), as it is currently unprofitable.


Next Steps

Financial Health

How is Attendo's financial position?


Financial Position Analysis

Short Term Liabilities: ATT's short term assets (SEK2.3B) do not cover its short term liabilities (SEK2.9B).

Long Term Liabilities: ATT's short term assets (SEK2.3B) do not cover its long term liabilities (SEK13.1B).


Debt to Equity History and Analysis

Debt Level: ATT's debt to equity ratio (56.6%) is considered high.

Reducing Debt: ATT's debt to equity ratio has reduced from 181.1% to 56.6% over the past 5 years.

Debt Coverage: ATT's debt is well covered by operating cash flow (62.6%).

Interest Coverage: ATT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

1.01%

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.


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.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Martin Tivéus (50 yo)

2.33yrs

Tenure

kr11,067,000

Compensation

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 ($USD1.32M) is above average for companies of similar size in the Swedish market ($USD741.21K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Martin Tivéus
CEO & President2.33yrskr11.07m0.028%
SEK 2.1m
Fredrik Lagercrantz
Chief Financial Officer2.83yrsno data0.0062%
SEK 466.3k
Andreas Koch
Communications & IR Director4.75yrsno data0.016%
SEK 1.2m
Stefan Svanström
Head of Community Communicationsno datano datano data
Rebecca Birck
Head of Corporate Controlno datano datano data
Virpi Holmqvist
Managing Director of Attendo Finlandno datano datano data
Ulrika Eriksson
Head of Business Area & MDno datano datano data

2.8yrs

Average Tenure

50yo

Average Age

Experienced Management: ATT's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anssi Jyrki Soila
Independent Director14yrskr425.00k0.78%
SEK 58.6m
Ulf Lundahl
Independent Chairman of the Board3.75yrskr1.13m0.012%
SEK 933.3k
Alf Göransson
Independent Director2.75yrskr485.00kno data
Suvi-Anne Siimes
Director0.75yrno datano data
Catarina Fagerholm
Independent Director4.67yrskr550.00k0.0062%
SEK 466.3k
Tobias Lönnevall
Independent Director4.67yrskr685.00k0.0037%
SEK 280.1k

4.2yrs

Average Tenure

60yo

Average Age

Experienced Board: ATT's board of directors are considered experienced (4.2 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

Attendo AB (publ)'s company bio, 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
  • Market Cap: kr7.508b
  • Shares outstanding: 160.91m
  • Website: https://www.attendo.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATTOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKNov 2015
7ATDB (Deutsche Boerse AG)YesClass A SharesDEEURNov 2015
ATTSBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKNov 2015
0RCYLSE (London Stock Exchange)YesClass A SharesGBSEKNov 2015

Biography

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 f...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 19:51
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.