OM:HOLM B

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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


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 BIndustryMarket
7 Day-1.9%-1.8%1.0%
30 Day3.6%4.3%7.2%
90 Day17.3%19.8%10.9%
1 Year50.0%48.4%23.3%19.4%18.3%15.2%
3 Year96.4%82.9%26.7%13.0%47.0%29.5%
5 Year279.9%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

Valuation

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

NamePositionTenureCompensationOwnership
Henrik Sjölund
President6.75yrsno data0.032%
SEK 21.3m
Anders Jernhall
Executive VP & CFOno datano data0.017%
SEK 11.3m
Ola Schultz-Eklund
Senior Vice President of Technology5.33yrsno data0.0017%
SEK 1.1m
Henrik Andersson
Senior Vice President of Legal Affairs & Company Secretaryno datano data0.0023%
SEK 1.5m
Stina Sandell
Senior Vice President of Sustainability & Communications3.67yrsno data0.00047%
SEK 311.2k
Gunilla Rolander
Senior Vice President of Human Resourcesno datano data0.0025%
SEK 1.7m
Sören Petersson
Senior Vice President of Forestno datano data0.010%
SEK 6.6m
Nils Ringborg
Senior Vice President of International Affairsno datano data0.0051%
SEK 3.4m
Johan Padel
Senior Vice President of Wood Products6.92yrsno data0.0012%
SEK 774.7k
Fredrik Nordqvist
Senior Vice President of Renewable Energyno datano data0.00048%
SEK 317.8k
Lars Lundin
Senior Vice President of Paper2.25yrsno data0.0014%
SEK 920.4k
Johan Nellbeck
Senior Vice President of Paperboard1.42yrsno data0.0019%
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

NamePositionTenureCompensationOwnership
Henrik Sjölund
President6.75yrsno data0.032%
SEK 21.3m
Fredrik Lundberg
Independent Chairmanno datakr710.00k1.04%
SEK 686.6m
Carl Bennet
Independent Director11.83yrskr355.00k0.12%
SEK 81.8m
Lars Josefsson
Independent Director9.83yrskr355.00k0.0062%
SEK 4.1m
Ulf Lundahl
Independent Director16.83yrskr355.00k0.0049%
SEK 3.3m
Steewe Björklundh
Director22.75yrsno datano data
Kenneth Johansson
Director16.83yrsno datano data
Alice Kempe
Independent Director1.75yrskr355.00k0.13%
SEK 88.4m
Eva Louise Lindh
Independent Director10.83yrskr355.00k0.12%
SEK 81.8m
Tommy Åsenbrygg
Director6yrsno data0.00012%
SEK 79.5k
Henriette Zeuchner
Independent Director5.75yrskr355.00k0.00099%
SEK 655.5k
Lars Josefsson
Independent Director5yrskr355.00k0.0043%
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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOLM BOM (OMX Nordic Exchange Stockholm)YesClass B Common SharesSESEKJan 1992
0XS9LSE (London Stock Exchange)YesClass B Common SharesGBSEKJan 1992
HL9CDB (Deutsche Boerse AG)YesClass B Common SharesDEEURJan 1992
HOLMBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B Common SharesGBSEKJan 1992
HOLM AOM (OMX Nordic Exchange Stockholm)Class A Common SharesSESEKMay 1996
HOLMASBATS-CHIXE (BATS 'Chi-X Europe')Class A Common SharesGBSEKMay 1996
HLMN.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDDec 2008
HLHL.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 18:34
End of Day Share Price2021/01/21 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.