OM:BILL

Stock Analysis Report

BillerudKorsnäs

Executive Summary

BillerudKorsnäs AB (publ) provides fiber based packaging materials and packaging solutions in Sweden and internationally.


Snowflake Analysis

Good value with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BILL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.9%

BILL

1.2%

SE Packaging

0.9%

SE Market


1 Year Return

-15.5%

BILL

-6.6%

SE Packaging

-11.6%

SE Market

Return vs Industry: BILL underperformed the Swedish Packaging industry which returned -6.6% over the past year.

Return vs Market: BILL underperformed the Swedish Market which returned -11.6% over the past year.


Shareholder returns

BILLIndustryMarket
7 Day0.9%1.2%0.9%
30 Day-10.0%-14.3%-17.1%
90 Day-3.4%-21.3%-22.6%
1 Year-12.3%-15.5%-3.7%-6.6%-9.4%-11.6%
3 Year-19.6%-27.2%0.09%-9.9%1.9%-13.0%
5 Year-14.0%-26.4%17.4%0.6%9.3%-13.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BillerudKorsnäs 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: BILL (SEK108.6) is trading below our estimate of fair value (SEK234.49)

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


Price To Earnings Ratio

PE vs Industry: BILL is poor value based on its PE Ratio (22.2x) compared to the Packaging industry average (13.3x).

PE vs Market: BILL is poor value based on its PE Ratio (22.2x) compared to the Swedish market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: BILL is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: BILL is good value based on its PB Ratio (1.2x) compared to the XE Packaging industry average (1.3x).


Next Steps

Future Growth

How is BillerudKorsnäs forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

24.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BILL's forecast earnings growth (24.5% per year) is above the savings rate (-0.4%).

Earnings vs Market: BILL's earnings (24.5% per year) are forecast to grow faster than the Swedish market (8% per year).

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

Revenue vs Market: BILL's revenue (4.7% per year) is forecast to grow faster than the Swedish market (4.1% per year).

High Growth Revenue: BILL's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BILL's Return on Equity is forecast to be low in 3 years time (10.3%).


Next Steps

Past Performance

How has BillerudKorsnäs performed over the past 5 years?

-8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BILL has high quality earnings.

Growing Profit Margin: BILL's current net profit margins (4.1%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: BILL's earnings have declined by -8.7% per year over the past 5 years.

Accelerating Growth: BILL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BILL had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Packaging industry average (20.1%).


Return on Equity

High ROE: BILL's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is BillerudKorsnäs's financial position?


Financial Position Analysis

Short Term Liabilities: BILL's short term assets (SEK10.5B) exceed its short term liabilities (SEK5.4B).

Long Term Liabilities: BILL's short term assets (SEK10.5B) do not cover its long term liabilities (SEK12.1B).


Debt to Equity History and Analysis

Debt Level: BILL's debt to equity ratio (40.3%) is considered high.

Reducing Debt: BILL's debt to equity ratio has reduced from 66.1% to 40.3% over the past 5 years.

Debt Coverage: BILL's debt is well covered by operating cash flow (29.6%).

Interest Coverage: BILL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: BILL has a high level of physical assets or inventory.

Debt Coverage by Assets: BILL's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

What is BillerudKorsnäs's current dividend yield, its reliability and sustainability?

3.98%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: BILL's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Swedish market (2.05%).

High Dividend: BILL's dividend (3.96%) is low compared to the top 25% of dividend payers in the Swedish market (6.28%).


Stability and Growth of Payments

Stable Dividend: BILL's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.9%), BILL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BILL's dividends in 3 years are forecast to be covered by earnings (58.3% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Lennart Holm (59yo)

0.42

Tenure

kr1,315,000

Compensation

Mr. Lennart Holm serves as the Chairman of Van Der Windt Verpakking B.V. He serves as Chairman of VIDA AB. Mr. Holm serves as Acting President and Chief Executive Officer of BillerudKorsnäs Aktiebolag (pub ...


Leadership Team

NamePositionTenureCompensationOwnership
Lennart Holm
Acting President0.42yrkr1.32m0.0019% SEK433.4k
Ivar Vatne
Executive VP & CFO0.92yrno datano data
Ulf Eliasson
Executive VP & CTO2.25yrsno data0.0050% SEK1.1m
Lena Schattauer
Head of Investor Relationsno datano datano data
Andreas Mattsson
Executive VPno datano datano data
Christopher Casselblad
Executive Vice President Communication & Brand1.25yrsno datano data
Paulina Ekvall
Executive Vice President of Human Resources3.25yrsno data0.0014% SEK325.6k
Magnus Wikström
Executive Vice President of Innovation2.25yrsno data0.0060% SEK1.3m
Mikael Andersson
Executive Vice President of Division Board3.67yrsno data0.0055% SEK1.2m
Helene Biström
Executive Vice President Division Paper1.25yrsno datano data

1.8yrs

Average Tenure

51yo

Average Age

Experienced Management: BILL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lennart Holm
Acting President0.42yrkr1.32m0.0019% SEK433.4k
Jan Åström
Independent Chairman of the board0.42yrkr605.00kno data
Kristina Schauman
Director6.25yrskr331.00k0.0019% SEK433.4k
Michael M. Kaufmann
Vice Chairman1.92yrskr880.00kno data
Andrea Joosen
Independent Director5.25yrskr620.00k0.0011% SEK256.0k
Bengt Hammar
Independent Director6.25yrskr555.00kno data
Victoria Van Camp
Independent Director2.92yrskr555.00k0.00029% SEK65.1k
Gunnevi Johansson
Employee Representative Director3.92yrsno data0.00036% SEK80.8k
Nicklas Johansson
Employee Representative Director3.25yrsno datano data
Tobias Auchli
Independent Director1.92yrskr630.00kno data

3.6yrs

Average Tenure

54.5yo

Average Age

Experienced Board: BILL's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BILL 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

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


Key Information

  • Name: BillerudKorsnäs AB (publ)
  • Ticker: BILL
  • Exchange: OM
  • Founded:
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: kr22.457b
  • Shares outstanding: 206.79m
  • Website: https://www.billerudkorsnas.com

Number of Employees


Location

  • BillerudKorsnäs AB (publ)
  • PO Box 703
  • Solna
  • Stockholm County
  • 169 27
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BILLOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKNov 2001
BNFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2001
0GWSLSE (London Stock Exchange)YesOrdinary SharesGBSEKNov 2001
BLRD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2001
BILLSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKNov 2001
BLRD.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2002

Biography

BillerudKorsnäs AB (publ) provides fiber based packaging materials and packaging solutions in Sweden and internationally. It operates through Packaging Paper, Consumer Board, and Corrugated Solutions segments. The Packaging Paper segment offers kraft and sack paper for industrial, medical equipment, and consumer sectors; and pulp. The Consumer Board segment manufactures and delivers liquid packaging board and cartonboard for beverages, food products, and various other consumer goods. The Corrugated Solutions segment supplies materials to corrugated board manufacturers; and packaging solutions to brand owners. This segment offers fluting and liner materials that are used in corrugated boxes for fragile goods and demanding distribution systems. The company serves packaging manufacturers, brand owners, and large retail and supermarket chains. The company is headquartered in Solna, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 20:52
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
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.