Executive Summary
Holmen AB (publ) produces and sells paperboards, papers, wood products, and renewable energy in Sweden, Germany, the United Kingdom, Italy, France, Poland, rest of Europe, Asia, and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 15.9% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Holmen's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HOLM B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HOLM B's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.9%
HOLM B
-1.8%
SE Forestry
1.0%
SE Market
1 Year Return
48.4%
HOLM B
19.4%
SE Forestry
15.2%
SE Market
Return vs Industry: HOLM B exceeded the Swedish Forestry industry which returned 19.4% over the past year.
Return vs Market: HOLM B exceeded the Swedish Market which returned 15.2% over the past year.
Shareholder returns
| HOLM B | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -1.8% | 1.0% |
| 30 Day | 3.6% | 4.3% | 7.2% |
| 90 Day | 17.3% | 19.8% | 10.9% |
| 1 Year | 50.0%48.4% | 23.3%19.4% | 18.3%15.2% |
| 3 Year | 96.4%82.9% | 26.7%13.0% | 47.0%29.5% |
| 5 Year | 279.9%228.5% | 139.5%39.8% | 86.7%46.8% |
Long-Term Price Volatility Vs. Market
How volatile is Holmen's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Holmen (STO:HOLM B) Has Gifted Shareholders With A Fantastic 294% Total Return On Their Investment1 week ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Holmen (STO:HOLM B) Passed With Ease3 weeks ago | Simply Wall St
We Think Holmen (STO:HOLM B) Can Stay On Top Of Its DebtValuation
Is Holmen undervalued compared to its fair value and its price relative to the market?
7.32x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HOLM B (SEK402.2) is trading above our estimate of fair value (SEK185.02)
Significantly Below Fair Value: HOLM B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HOLM B is good value based on its PE Ratio (7.3x) compared to the XE Forestry industry average (14.2x).
PE vs Market: HOLM B is good value based on its PE Ratio (7.3x) compared to the Swedish market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: HOLM B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HOLM B is overvalued based on its PB Ratio (1.6x) compared to the XE Forestry industry average (1.2x).
Next Steps
Future Growth
How is Holmen forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-15.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HOLM B's earnings are forecast to decline over the next 3 years (-15.9% per year).
Earnings vs Market: HOLM B's earnings are forecast to decline over the next 3 years (-15.9% per year).
High Growth Earnings: HOLM B's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HOLM B's revenue (2.8% per year) is forecast to grow slower than the Swedish market (3.4% per year).
High Growth Revenue: HOLM B's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HOLM B's Return on Equity is forecast to be low in 3 years time (5.1%).
Next Steps
Past Performance
How has Holmen performed over the past 5 years?
52.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HOLM B has a high level of non-cash earnings.
Growing Profit Margin: HOLM B's current net profit margins (53.1%) are higher than last year (11.6%).
Past Earnings Growth Analysis
Earnings Trend: HOLM B's earnings have grown significantly by 52.4% per year over the past 5 years.
Accelerating Growth: HOLM B's earnings growth over the past year (345.9%) exceeds its 5-year average (52.4% per year).
Earnings vs Industry: HOLM B earnings growth over the past year (345.9%) exceeded the Forestry industry -4.8%.
Return on Equity
High ROE: HOLM B's Return on Equity (21.7%) is considered high.
Next Steps
Financial Health
How is Holmen's financial position?
Financial Position Analysis
Short Term Liabilities: HOLM B's short term assets (SEK7.3B) exceed its short term liabilities (SEK4.3B).
Long Term Liabilities: HOLM B's short term assets (SEK7.3B) do not cover its long term liabilities (SEK15.0B).
Debt to Equity History and Analysis
Debt Level: HOLM B's debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: HOLM B's debt to equity ratio has reduced from 26.2% to 10.9% over the past 5 years.
Debt Coverage: HOLM B's debt is well covered by operating cash flow (63.2%).
Interest Coverage: HOLM B's interest payments on its debt are well covered by EBIT (45.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Holmen current dividend yield, its reliability and sustainability?
0.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HOLM B's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (0.94%).
High Dividend: HOLM B's dividend (0.87%) is low compared to the top 25% of dividend payers in the Swedish market (3.42%).
Stability and Growth of Payments
Stable Dividend: HOLM B's dividend payments have been volatile in the past 10 years.
Growing Dividend: HOLM B's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.4%), HOLM B's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HOLM B's dividends in 3 years are forecast to be covered by earnings (57.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Henrik Sjölund (54 yo)
6.75yrs
Tenure
Mr. Henrik Sjölund has been the Chief Executive Officer and President of Holmen Aktiebolag (publ) (also known as Holmen AB) since April 9, 2014 and served as its Head of Paper Board Business Area since Oct...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.75yrs | no data | 0.032% SEK 21.3m | |
| Executive VP & CFO | no data | no data | 0.017% SEK 11.3m | |
| Senior Vice President of Technology | 5.33yrs | no data | 0.0017% SEK 1.1m | |
| Senior Vice President of Legal Affairs & Company Secretary | no data | no data | 0.0023% SEK 1.5m | |
| Senior Vice President of Sustainability & Communications | 3.67yrs | no data | 0.00047% SEK 311.2k | |
| Senior Vice President of Human Resources | no data | no data | 0.0025% SEK 1.7m | |
| Senior Vice President of Forest | no data | no data | 0.010% SEK 6.6m | |
| Senior Vice President of International Affairs | no data | no data | 0.0051% SEK 3.4m | |
| Senior Vice President of Wood Products | 6.92yrs | no data | 0.0012% SEK 774.7k | |
| Senior Vice President of Renewable Energy | no data | no data | 0.00048% SEK 317.8k | |
| Senior Vice President of Paper | 2.25yrs | no data | 0.0014% SEK 920.4k | |
| Senior Vice President of Paperboard | 1.42yrs | no data | 0.0019% SEK 1.2m |
4.5yrs
Average Tenure
54yo
Average Age
Experienced Management: HOLM B's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.75yrs | no data | 0.032% SEK 21.3m | |
| Independent Chairman | no data | kr710.00k | 1.04% SEK 686.6m | |
| Independent Director | 11.83yrs | kr355.00k | 0.12% SEK 81.8m | |
| Independent Director | 9.83yrs | kr355.00k | 0.0062% SEK 4.1m | |
| Independent Director | 16.83yrs | kr355.00k | 0.0049% SEK 3.3m | |
| Director | 22.75yrs | no data | no data | |
| Director | 16.83yrs | no data | no data | |
| Independent Director | 1.75yrs | kr355.00k | 0.13% SEK 88.4m | |
| Independent Director | 10.83yrs | kr355.00k | 0.12% SEK 81.8m | |
| Director | 6yrs | no data | 0.00012% SEK 79.5k | |
| Independent Director | 5.75yrs | kr355.00k | 0.00099% SEK 655.5k | |
| Independent Director | 5yrs | kr355.00k | 0.0043% SEK 2.9m |
9.8yrs
Average Tenure
62yo
Average Age
Experienced Board: HOLM B's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HOLM 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Holmen AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Holmen AB (publ)
- Ticker: HOLM B
- Exchange: OM
- Founded: 1609
- Industry: Paper Products
- Sector: Materials
- Market Cap: kr66.217b
- Shares outstanding: 161.93m
- Website: https://www.holmen.com
Number of Employees
Location
- Holmen AB (publ)
- PO Box 5407
- Stockholm
- Stockholm County
- 114 84
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HOLM B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Common Shares | SE | SEK | Jan 1992 |
| 0XS9 | LSE (London Stock Exchange) | Yes | Class B Common Shares | GB | SEK | Jan 1992 |
| HL9C | DB (Deutsche Boerse AG) | Yes | Class B Common Shares | DE | EUR | Jan 1992 |
| HOLMBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Common Shares | GB | SEK | Jan 1992 |
| HOLM A | OM (OMX Nordic Exchange Stockholm) | Class A Common Shares | SE | SEK | May 1996 | |
| HOLMAS | BATS-CHIXE (BATS 'Chi-X Europe') | Class A Common Shares | GB | SEK | May 1996 | |
| HLMN.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Dec 2008 | |
| HLHL.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Sep 2015 |
Biography
Holmen AB (publ) produces and sells paperboards, papers, wood products, and renewable energy in Sweden, Germany, the United Kingdom, Italy, France, Poland, rest of Europe, Asia, and internationally. The co...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 18:34 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.