OM:POLYG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Polygiene AB (publ.)

Executive Summary

Polygiene AB (publ.) develops, manufactures, and sells odor control solutions for clothes, sports equipment, textiles, and other materials in Asia, Europe, North America, and internationally.


Snowflake Analysis

Flawless balance sheet with limited growth.

Share Price & News

How has Polygiene AB (publ.)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: POLYG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.4%

POLYG

2.8%

SE Chemicals

3.9%

SE Market


1 Year Return

180.8%

POLYG

5.7%

SE Chemicals

11.2%

SE Market

Return vs Industry: POLYG exceeded the Swedish Chemicals industry which returned 5.5% over the past year.

Return vs Market: POLYG exceeded the Swedish Market which returned 10.9% over the past year.


Shareholder returns

POLYGIndustryMarket
7 Day8.4%2.8%3.9%
30 Day77.8%16.2%13.1%
90 Day178.8%11.4%4.0%
1 Year180.8%180.8%5.8%5.7%12.8%11.2%
3 Year34.8%34.8%-15.1%-19.4%17.5%1.6%
5 Yearn/a-24.8%-13.9%36.5%9.7%

Price Volatility Vs. Market

How volatile is Polygiene AB (publ.)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Polygiene AB (publ.) undervalued compared to its fair value and its price relative to the market?

10.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: POLYG (SEK15.5) is trading above our estimate of fair value (SEK1.56)

Significantly Below Fair Value: POLYG is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: POLYG 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 POLYG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: POLYG is overvalued based on its PB Ratio (10.9x) compared to the SE Chemicals industry average (3.6x).


Next Steps

Future Growth

How is Polygiene AB (publ.) forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

91.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: POLYG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: POLYG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: POLYG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: POLYG's revenue (24.4% per year) is forecast to grow faster than the Swedish market (5.9% per year).

High Growth Revenue: POLYG's revenue (24.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if POLYG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Polygiene AB (publ.) performed over the past 5 years?

-54.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: POLYG is currently unprofitable.

Growing Profit Margin: POLYG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: POLYG is unprofitable, and losses have increased over the past 5 years at a rate of -54.5% per year.

Accelerating Growth: Unable to compare POLYG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: POLYG is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-4.9%).


Return on Equity

High ROE: POLYG has a negative Return on Equity (-13.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is Polygiene AB (publ.)'s financial position?


Financial Position Analysis

Short Term Liabilities: POLYG's short term assets (SEK29.2M) exceed its short term liabilities (SEK15.2M).

Long Term Liabilities: POLYG's short term assets (SEK29.2M) exceed its long term liabilities (SEK170.0K).


Debt to Equity History and Analysis

Debt Level: POLYG is debt free.

Reducing Debt: POLYG has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable POLYG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: POLYG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.9% per year.


Next Steps

Dividend

What is Polygiene AB (publ.)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate POLYG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate POLYG'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 POLYG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if POLYG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of POLYG'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?

2.3yrs

Average management tenure


CEO

Ulrika Björk (51yo)

2.5yrs

Tenure

kr1,440,000

Compensation

Ms. Ulrika Björk has been the Chief Executive Officer of Polygiene AB (publ.) since December 28, 2017 and was its Acting Chief Financial Officer since March 20, 2019 until January 2, 2020. Previously, Ms.  ...


CEO Compensation Analysis

Compensation vs Market: Ulrika's total compensation ($USD156.45K) is about average for companies of similar size in the Swedish market ($USD222.28K).

Compensation vs Earnings: Insufficient data to compare Ulrika's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Ulrika Björk
Chief Executive Officer2.5yrskr1.44m0.32% SEK1.0m
Nina Forsvall
Chief Financial Officer0.42yrno datano data
Trevor Saunders
Chief Technology Officerno datano data0.024% SEK77.5k
Mats Georgson
Chief Marketing Officer2.25yrsno data3.66% SEK11.6m
Haymo Strubel
Chief Sales Officer2.17yrsno data0.066% SEK210.8k
Peter Sjösten
Chief Commercial Officer4.42yrsno data2.94% SEK9.3m

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: POLYG's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lars Björk
Member of Advisory Board2.25yrsno datano data
Jonas Wollin
Independent Chairman of the Board2.08yrskr225.00k4.26% SEK13.6m
Håkan Lagerberg
Independent Director1.08yrskr125.00k10.09% SEK32.1m
Philip Burgtorf
Member of Advisory Board2.25yrsno datano data
Jenny Öijermark
Member of Advisory Boardno datano datano data
Gunnar Bengtsson
Member of Advisory Boardno datano datano data
Johan Thiel
Director0.083yrno datano data
Martin Kössler
Independent Director2.08yrskr125.00k0.049% SEK155.0k
Ebba Fåhraeus
Independent Director1.08yrskr125.00k0.058% SEK186.0k
Pamela Ravasio
Member of Advisory Board1.42yrsno datano data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Board: POLYG's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: POLYG 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

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


Key Information

  • Name: Polygiene AB (publ.)
  • Ticker: POLYG
  • Exchange: OM
  • Founded: 2006
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: kr317.998m
  • Shares outstanding: 20.52m
  • Website: https://www.polygiene.com

Number of Employees


Location

  • Polygiene AB (publ.)
  • Styrmansgatan 2
  • Malmö
  • Skåne County
  • 211 18
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
POLYGOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKMar 2016

Biography

Polygiene AB (publ.) develops, manufactures, and sells odor control solutions for clothes, sports equipment, textiles, and other materials in Asia, Europe, North America, and internationally. The company serves partners in the sports and outdoor, lifestyle, home design, footwear, and workwear segments. It offers its products under the Polygiene brand. The company was founded in 2006 and is headquartered in Malmö, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 00:49
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
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.