OM:MSON B

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Executive Summary

Midsona AB (publ) develops, produces, and markets organic products, health foods, consumer health products in Sweden, Norway, Finland, Denmark, and Germany. More Details


Snowflake Analysis

Solid track record with reasonable growth potential.

Share Price & News

How has Midsona's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MSON B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MSON B's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.3%

MSON B

-3.2%

SE Personal Products

0.6%

SE Market


1 Year Return

34.2%

MSON B

19.4%

SE Personal Products

17.1%

SE Market

Return vs Industry: MSON B exceeded the Swedish Personal Products industry which returned 19.4% over the past year.

Return vs Market: MSON B exceeded the Swedish Market which returned 17.1% over the past year.


Shareholder returns

MSON BIndustryMarket
7 Day-2.3%-3.2%0.6%
30 Day4.5%1.6%8.0%
90 Day2.1%0.2%8.3%
1 Year37.1%34.2%22.0%19.4%18.9%17.1%
3 Year61.6%34.6%32.8%13.5%41.5%26.2%
5 Year208.2%102.1%69.8%51.4%63.2%31.7%

Long-Term Price Volatility Vs. Market

How volatile is Midsona's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

45.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MSON B (SEK66.9) is trading below our estimate of fair value (SEK122.36)

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


Price To Earnings Ratio

PE vs Industry: MSON B is poor value based on its PE Ratio (26.8x) compared to the XE Personal Products industry average (21.8x).

PE vs Market: MSON B is poor value based on its PE Ratio (26.8x) compared to the Swedish market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: MSON B is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: MSON B is good value based on its PB Ratio (1.9x) compared to the SE Personal Products industry average (3.5x).


Next Steps

Future Growth

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

24.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSON B's forecast earnings growth (24.9% per year) is above the savings rate (0.5%).

Earnings vs Market: MSON B's earnings (24.9% per year) are forecast to grow faster than the Swedish market (11.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MSON B's revenue (9.4% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: MSON B's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MSON B's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has Midsona performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSON B has high quality earnings.

Growing Profit Margin: MSON B's current net profit margins (4.5%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: MSON B's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: MSON B's earnings growth over the past year (64.2%) exceeds its 5-year average (18.4% per year).

Earnings vs Industry: MSON B earnings growth over the past year (64.2%) exceeded the Personal Products industry 16.3%.


Return on Equity

High ROE: MSON B's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Midsona's financial position?


Financial Position Analysis

Short Term Liabilities: MSON B's short term assets (SEK1.1B) exceed its short term liabilities (SEK773.0M).

Long Term Liabilities: MSON B's short term assets (SEK1.1B) do not cover its long term liabilities (SEK1.7B).


Debt to Equity History and Analysis

Debt Level: MSON B's debt to equity ratio (55.7%) is considered high.

Reducing Debt: MSON B's debt to equity ratio has increased from 36.2% to 55.7% over the past 5 years.

Debt Coverage: MSON B's debt is well covered by operating cash flow (22.3%).

Interest Coverage: MSON B's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


Next Steps

Dividend

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

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MSON B's dividend (1.87%) is higher than the bottom 25% of dividend payers in the Swedish market (1.19%).

High Dividend: MSON B's dividend (1.87%) is low compared to the top 25% of dividend payers in the Swedish market (3.76%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MSON B has been paying a dividend for less than 10 years.

Growing Dividend: MSON B's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (50%), MSON B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MSON B's dividends in 3 years are forecast to be well covered by earnings (41.9% payout ratio).


Next Steps

Management

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

11.8yrs

Average management tenure


CEO

Peter Åsberg (54 yo)

12.92yrs

Tenure

kr5,773,000

Compensation

Mr. Peter Åsberg has been the Chief Executive Officer and President of Midsona AB (publ) since December 2007 and served as its Director since 2015. Mr. Åsberg has been Marketing Director of Cloetta Fazer A...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD679.67K) is above average for companies of similar size in the Swedish market ($USD504.81K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Peter Åsberg
President & CEO12.92yrskr5.77m0.83%
SEK 35.7m
Lennart Svensson
Chief Financial Officer11.83yrsno data0.089%
SEK 3.8m
Björn Ullemark
Head of Operationsno datano datano data
Ulrika Palm
Head of Business Area Sweden & Division Director Nordics4.67yrsno data0.042%
SEK 1.8m
Erk Schuchhardt
Division Director of North Europeno datano datano data
Marjolaine Cevoz-Goyat
Division Director of South Europeno datano datano data

11.8yrs

Average Tenure

54yo

Average Age

Experienced Management: MSON B's management team is seasoned and experienced (11.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Henrik Stenqvist
Independent Director3.83yrskr285.00k0.043%
SEK 1.9m
Johan Wester
Director11.83yrskr285.00k0.12%
SEK 5.2m
Ola Erici
Independent Chairman of the Board4.58yrskr580.00k0.15%
SEK 6.6m
Peter Wahlberg
Independent Director5.08yrskr265.00k2.38%
SEK 102.4m
Sandra Kottenauer
Director0.42yrno datano data
Heli Arantola
Director0.42yrno datano data

4.2yrs

Average Tenure

56yo

Average Age

Experienced Board: MSON B'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: MSON B insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40%.


Top Shareholders

Company Information

Midsona AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Midsona AB (publ)
  • Ticker: MSON B
  • Exchange: OM
  • Founded: 1892
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: kr4.310b
  • Shares outstanding: 65.00m
  • Website: https://www.midsona.com

Number of Employees


Location

  • Midsona AB (publ)
  • Dockplatsen 16
  • PO Box 21009
  • Malmö
  • Skåne County
  • 200 21
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSON AOM (OMX Nordic Exchange Stockholm)Series A SharesSESEKJun 1999
MSON BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKJun 1999
0GY9LSE (London Stock Exchange)Series A SharesGBSEKJun 1999
0GSELSE (London Stock Exchange)YesSeries B SharesGBSEKJun 1999
MSONBSBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKJun 1999

Biography

Midsona AB (publ) develops, produces, and markets organic products, health foods, consumer health products in Sweden, Norway, Finland, Denmark, and Germany. The company offers grains, flakes, seeds, vegeta...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 18:33
End of Day Share Price2020/11/27 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.