Svenska Cellulosa Aktiebolaget
OM:SCA B
SCA B
OM
SEK58B
Market Cap
Company description
Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, produces, and sells forest, wood, pulp, and paper products worldwide. The last earnings update was 54 days ago. More info.
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SCA B Share Price and Events
7 Day Returns
-0.2%
OM:SCA B
-3.5%
Europe Forestry
1.2%
SE Market
1 Year Returns
-14.2%
OM:SCA B
-18.4%
Europe Forestry
4.4%
SE Market
SCA B Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Svenska Cellulosa Aktiebolaget (SCA B) | -0.2% | 3.6% | 4.4% | -14.2% | -67.2% | -56% |
| Europe Forestry | -3.5% | 1.8% | -2% | -18.4% | 10% | 37.8% |
| SE Market | 1.2% | 4.9% | 10.1% | 4.4% | 15.1% | 25.4% |
1 Year Return vs Industry and Market
- SCA B outperformed the Forestry industry which returned -18.4% over the past year.
- SCA B underperformed the Market in Sweden which returned 4.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Svenska Cellulosa Aktiebolaget
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Svenska Cellulosa Aktiebolaget.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Forestry Unlevered Beta | Simply Wall St/ S&P Global | 1.29 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.288 (1 + (1- 22%) (13.52%)) |
1.284 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.28 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.284 * 5.96%) |
8.08% |
Discounted Cash Flow Calculation for OM:SCA B using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Svenska Cellulosa Aktiebolaget is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (SEK, Millions) | Source |
Present Value Discounted (@ 8.08%) |
|
|---|---|---|---|
| 2019 | 3,331.00 | Analyst x5 | 3,081.85 |
| 2020 | 4,025.50 | Analyst x4 | 3,445.82 |
| 2021 | 3,948.00 | Analyst x4 | 3,126.70 |
| 2022 | 3,899.39 | Est @ -1.23% | 2,857.21 |
| 2023 | 3,870.85 | Est @ -0.73% | 2,624.15 |
| 2024 | 3,856.07 | Est @ -0.38% | 2,418.59 |
| 2025 | 3,850.79 | Est @ -0.14% | 2,234.62 |
| 2026 | 3,852.11 | Est @ 0.03% | 2,068.19 |
| 2027 | 3,858.06 | Est @ 0.15% | 1,916.44 |
| 2028 | 3,867.25 | Est @ 0.24% | 1,777.32 |
| Present value of next 10 years cash flows | SEK25,550.88 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= SEK3,867.25 × (1 + 0.43%) ÷ (8.08% – 0.43%) |
SEK50,770.10 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SEK50,770.10 ÷ (1 + 8.08%)10 |
SEK23,333.03 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SEK25,550.88 + SEK23,333.03 |
SEK48,883.91 |
| Equity Value per Share (SEK) |
= Total value / Shares Outstanding
= SEK48,883.91 / 702.34 |
SEK69.6 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK69.60 |
| Current discount | Discount to share price of
SEK81.40
= -1 x (SEK81.40 - SEK69.60) / SEK69.60 |
-17% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Svenska Cellulosa Aktiebolaget is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Svenska Cellulosa Aktiebolaget's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Svenska Cellulosa Aktiebolaget's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in SEK | SEK5.21 |
| OM:SCA B Share Price ** | OM (2019-04-18) in SEK | SEK81.4 |
| Europe Forestry Industry PE Ratio | Median Figure of 32 Publicly-Listed Forestry Companies | 11.94x |
| Sweden Market PE Ratio | Median Figure of 322 Publicly-Listed Companies | 16.98x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Svenska Cellulosa Aktiebolaget.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:SCA B Share Price ÷ EPS (both in SEK) = 81.4 ÷ 5.21 |
15.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Svenska Cellulosa Aktiebolaget is overvalued based on earnings compared to the Europe Forestry industry average.
- Svenska Cellulosa Aktiebolaget is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does
Svenska Cellulosa Aktiebolaget's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.62x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
4.1%per year |
| Europe Forestry Industry PEG Ratio | Median Figure of 21 Publicly-Listed Forestry Companies | 1.08x |
| Sweden Market PEG Ratio | Median Figure of 233 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.62x ÷ 4.1% |
3.82x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Svenska Cellulosa Aktiebolaget is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Svenska Cellulosa Aktiebolaget's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in SEK | SEK55.62 |
| OM:SCA B Share Price * | OM (2019-04-18) in SEK | SEK81.4 |
| Europe Forestry Industry PB Ratio | Median Figure of 36 Publicly-Listed Forestry Companies | 1.35x |
| Sweden Market PB Ratio | Median Figure of 566 Publicly-Listed Companies | 2.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:SCA B Share Price ÷ Book Value per Share (both in SEK) = 81.4 ÷ 55.62 |
1.46x |
* Primary Listing of Svenska Cellulosa Aktiebolaget.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Svenska Cellulosa Aktiebolaget is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Svenska Cellulosa Aktiebolaget's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check) Svenska Cellulosa Aktiebolaget has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Svenska Cellulosa Aktiebolaget
expected to grow at an
attractive
rate?
- Svenska Cellulosa Aktiebolaget's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- Svenska Cellulosa Aktiebolaget's earnings growth is positive but not above the Sweden market average.
- Svenska Cellulosa Aktiebolaget's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:SCA B Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 4.1% |
| OM:SCA B Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | 2.5% |
| Europe Forestry Industry Earnings Growth Rate | Market Cap Weighted Average | 0.3% |
| Europe Forestry Industry Revenue Growth Rate | Market Cap Weighted Average | 2% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.4% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in SEK Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 21,822 | 5,758 | 4,064 | 6 |
| 2020-12-31 | 21,788 | 5,708 | 3,951 | 9 |
| 2019-12-31 | 20,769 | 5,234 | 3,560 | 8 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 20,442 | 3,505 | 3,659 |
| 2018-09-30 | 19,688 | 8,093 | 3,394 |
| 2018-06-30 | 19,153 | 7,700 | 3,030 |
| 2018-03-31 | 18,623 | 7,750 | 2,209 |
| 2017-12-31 | 18,115 | 7,272 | 1,873 |
| 2017-09-30 | 17,662 | 6,590 | 1,690 |
| 2017-06-30 | 17,192 | 10,304 | 1,508 |
| 2017-03-31 | 16,923 | 13,182 | 1,723 |
| 2016-12-31 | 16,780 | 15,556 | 1,770 |
| 2016-09-30 | 41,747 | 15,011 | 4,185 |
| 2016-06-30 | 66,720 | 15,207 | 4,242 |
| 2016-03-31 | 91,649 | 14,444 | 5,707 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from Svenska Cellulosa Aktiebolaget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5.78 | 6.90 | 5.21 | 6.00 |
| 2020-12-31 | 5.79 | 6.64 | 5.20 | 8.00 |
| 2019-12-31 | 5.17 | 5.81 | 4.86 | 8.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2018-12-31 | 5.21 |
| 2018-09-30 | 4.83 |
| 2018-06-30 | 4.31 |
| 2018-03-31 | 3.15 |
| 2017-12-31 | 2.67 |
| 2017-09-30 | 2.41 |
| 2017-06-30 | 2.15 |
| 2017-03-31 | 2.45 |
| 2016-12-31 | 2.52 |
| 2016-09-30 | 5.96 |
| 2016-06-30 | 6.04 |
| 2016-03-31 | 8.13 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Svenska Cellulosa Aktiebolaget is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Svenska Cellulosa Aktiebolaget has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Svenska Cellulosa Aktiebolaget's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Svenska Cellulosa Aktiebolaget has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Svenska Cellulosa Aktiebolaget performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Svenska Cellulosa Aktiebolaget's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Svenska Cellulosa Aktiebolaget's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Svenska Cellulosa Aktiebolaget's 1-year earnings growth exceeds its 5-year average (95.4% vs -23.8%)
- Svenska Cellulosa Aktiebolaget's earnings growth has exceeded the Europe Forestry industry average in the past year (95.4% vs 26.3%).
Earnings and Revenue History
Svenska Cellulosa Aktiebolaget's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Svenska Cellulosa Aktiebolaget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 20,442.00 | 3,659.00 | 3,041.00 | |
| 2018-09-30 | 19,688.00 | 3,394.00 | 3,104.00 | |
| 2018-06-30 | 19,153.00 | 3,030.00 | 3,025.00 | |
| 2018-03-31 | 18,623.00 | 2,209.00 | 2,827.00 | |
| 2017-12-31 | 18,115.00 | 1,873.00 | 2,763.00 | |
| 2017-09-30 | 17,662.00 | 1,690.00 | 2,656.00 | |
| 2017-06-30 | 17,192.00 | 1,508.00 | 2,647.00 | |
| 2017-03-31 | 16,923.00 | 1,723.00 | 2,662.00 | |
| 2016-12-31 | 16,780.00 | 1,770.00 | 2,536.00 | |
| 2016-09-30 | 41,747.00 | 4,185.00 | 11,004.00 | |
| 2016-06-30 | 66,720.00 | 4,242.00 | 13,067.00 | |
| 2016-03-31 | 91,649.00 | 5,707.00 | 15,029.00 | |
| 2015-12-31 | 115,316.00 | 7,002.00 | 17,025.00 | |
| 2015-09-30 | 113,673.00 | 5,615.00 | 16,675.00 | |
| 2015-06-30 | 111,168.00 | 6,996.00 | 16,152.00 | |
| 2015-03-31 | 107,778.00 | 6,812.00 | 15,509.00 | |
| 2014-12-31 | 104,054.00 | 6,599.00 | 14,798.00 | |
| 2014-09-30 | 100,077.00 | 6,995.00 | 13,709.00 | |
| 2014-06-30 | 96,485.00 | 6,560.00 | 13,412.00 | |
| 2014-03-31 | 93,775.00 | 5,920.00 | 13,282.00 | |
| 2013-12-31 | 92,873.00 | 5,547.00 | 13,122.00 | |
| 2013-09-30 | 92,898.00 | 5,797.00 | 13,797.00 | |
| 2013-06-30 | 92,096.00 | 4,705.00 | 13,328.00 | |
| 2013-03-31 | 89,250.00 | 4,625.00 | 12,807.00 | |
| 2012-12-31 | 89,229.00 | 4,453.00 | 13,323.00 | |
| 2012-09-30 | 82,898.00 | -1,330.00 | 12,053.00 | |
| 2012-06-30 | 81,454.00 | -587.00 | 11,975.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Svenska Cellulosa Aktiebolaget has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Svenska Cellulosa Aktiebolaget used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
- Svenska Cellulosa Aktiebolaget's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Svenska Cellulosa Aktiebolaget has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Svenska Cellulosa Aktiebolaget's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Svenska Cellulosa Aktiebolaget has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Svenska Cellulosa Aktiebolaget's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Svenska Cellulosa Aktiebolaget's finances.
The net worth of a company is the difference between its assets and liabilities.
- Svenska Cellulosa Aktiebolaget is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Svenska Cellulosa Aktiebolaget's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of
Svenska Cellulosa Aktiebolaget's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Svenska Cellulosa Aktiebolaget Company Filings, last reported 3 months ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 39,062.00 | 7,825.00 | 648.00 |
| 2018-09-30 | 38,391.00 | 7,967.00 | 542.00 |
| 2018-06-30 | 37,166.00 | 8,179.00 | 589.00 |
| 2018-03-31 | 36,244.00 | 8,268.00 | 506.00 |
| 2017-12-31 | 36,753.00 | 7,177.00 | 538.00 |
| 2017-09-30 | 36,142.00 | 7,592.00 | 936.00 |
| 2017-06-30 | 35,715.00 | 7,750.00 | 1,139.00 |
| 2017-03-31 | 83,357.00 | 61,740.00 | 31,687.00 |
| 2016-12-31 | 79,519.00 | 36,717.00 | 4,501.00 |
| 2016-09-30 | 74,319.00 | 38,330.00 | 5,286.00 |
| 2016-06-30 | 72,619.00 | 39,714.00 | 5,188.00 |
| 2016-03-31 | 76,063.00 | 38,092.00 | 5,443.00 |
| 2015-12-31 | 75,691.00 | 33,927.00 | 5,042.00 |
| 2015-09-30 | 74,715.00 | 37,302.00 | 5,451.00 |
| 2015-06-30 | 75,670.00 | 41,269.00 | 6,065.00 |
| 2015-03-31 | 76,777.00 | 42,378.00 | 8,339.00 |
| 2014-12-31 | 72,872.00 | 39,063.00 | 3,817.00 |
| 2014-09-30 | 70,267.00 | 40,485.00 | 5,396.00 |
| 2014-06-30 | 68,194.00 | 41,107.00 | 3,789.00 |
| 2014-03-31 | 68,471.00 | 38,125.00 | 4,029.00 |
| 2013-12-31 | 67,811.00 | 38,712.00 | 3,823.00 |
| 2013-09-30 | 60,040.00 | 33,539.00 | 2,662.00 |
| 2013-06-30 | 59,618.00 | 36,559.00 | 3,570.00 |
| 2013-03-31 | 60,919.00 | 32,761.00 | 2,535.00 |
| 2012-12-31 | 61,699.00 | 34,182.00 | 2,124.00 |
| 2012-09-30 | 57,351.00 | 33,427.00 | 2,531.00 |
| 2012-06-30 | 58,955.00 | 38,896.00 | 17,084.00 |
- Svenska Cellulosa Aktiebolaget's level of debt (20%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (57.1% vs 20% today).
- Debt is well covered by operating cash flow (44.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 181.7x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Svenska Cellulosa Aktiebolaget's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Svenska Cellulosa Aktiebolaget has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Svenska Cellulosa Aktiebolaget's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
2.15%
Current annual income from
Svenska Cellulosa Aktiebolaget
dividends.
Estimated to be
3.07%
next year.
If you bought
SEK2,000 of
Svenska Cellulosa Aktiebolaget
shares you are expected to receive
SEK43
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Svenska Cellulosa Aktiebolaget's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
- Svenska Cellulosa Aktiebolaget's dividend is below the markets top 25% of dividend payers in Sweden (4.37%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Europe Forestry Industry Average Dividend Yield | Market Cap Weighted Average of 22 Stocks | 4.2% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 245 Stocks | 3.5% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.86 | 6.00 |
| 2020-12-31 | 2.53 | 9.00 |
| 2019-12-31 | 2.19 | 8.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-12 | 1.750 | 2.123 |
| 2018-02-15 | 1.500 | 1.710 |
| 2017-03-02 | 6.000 | 6.528 |
| 2016-03-09 | 5.750 | 2.238 |
| 2015-03-10 | 5.250 | 2.276 |
| 2014-03-05 | 4.750 | 2.666 |
| 2013-01-24 | 4.500 | 2.609 |
| 2012-02-21 | 4.200 | 3.548 |
| 2012-01-26 | 4.200 | 3.678 |
| 2011-04-07 | 4.000 | 4.323 |
| 2010-04-26 | 3.700 | 3.647 |
| 2009-04-23 | 3.500 | 3.732 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Svenska Cellulosa Aktiebolaget's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Svenska Cellulosa Aktiebolaget afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Svenska Cellulosa Aktiebolaget has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Ulf
Larsson
| COMPENSATION | SEK19,444,039 |
| AGE | 56 |
| TENURE AS CEO | 1.8 years |
CEO Bio
Mr. Ulf Larsson, BSc Forestry has been the Chief Executive Officer, President & Director of Svenska Cellulosa Aktiebolaget SCA (publ) since June 15, 2017. Mr. Larsson served as an Executive Vice President of Svenska Cellulosa Aktiebolaget SCA from August 2016 to May 17, 2017. He Joined Svenska Cellulosa Aktiebolaget SCA in 1992. Mr. Larsson served as the President of SCA Forest Products at Svenska Cellulosa Aktiebolaget SCA from 2008 to May 17, 2017. Mr. Larsson has been with SCA Forest Products since 1992. He holds a BSc in Forestry from Swedish University of Agricultural Sciences Umeåin 1987.
CEO Compensation
- Ulf's compensation has increased by more than 20% in the past year.
- Ulf's remuneration is about average for companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the Svenska Cellulosa Aktiebolaget management team in years:
2.7
Average Tenure
56
Average Age
- The tenure for the Svenska Cellulosa Aktiebolaget management team is about average.
Management Team
Ulf Larsson
TITLE
President
COMPENSATION
SEK19M
AGE
56
TENURE
1.8 yrs
Toby Lawton
TITLE
Chief Financial Officer
AGE
43
TENURE
2.1 yrs
Karin Henriksson
TITLE
Vice President of Compliance & Ethics
Jan Svedjebrant
TITLE
Senior VP of Legal Affairs
AGE
63
Björn Lyngfelt
TITLE
Senior Vice President of Communications
Stina Danielsson
TITLE
Senior Vice President of Human Resources
Ole Terland
TITLE
Senior Vice President of Strategic Development
AGE
60
TENURE
3.3 yrs
Pablo Fuentes
TITLE
President of Latin America
AGE
45
TENURE
4.3 yrs
Jonas Mårtensson
TITLE
President of Forest
Jerry Larsson
TITLE
President of Wood
Board of Directors Tenure
Average tenure and age of the Svenska Cellulosa Aktiebolaget board of directors in years:
4.3
Average Tenure
56.5
Average Age
- The tenure for the Svenska Cellulosa Aktiebolaget board of directors is about average.
Board of Directors
Pär Boman
TITLE
Chairman
COMPENSATION
SEK2M
AGE
57
TENURE
4.3 yrs
Ulf Larsson
TITLE
President
COMPENSATION
SEK19M
AGE
56
TENURE
1.8 yrs
Bo Rydin
TITLE
Honorary Chairman of the Board
AGE
86
Barbara Thoralfsson
TITLE
Director
COMPENSATION
SEK930K
AGE
59
TENURE
13 yrs
Bert Ake Nordberg
TITLE
Director
COMPENSATION
SEK705K
AGE
62
TENURE
7.1 yrs
Roger Boström
TITLE
Employee Representative Director
AGE
47
TENURE
6.3 yrs
Annemarie Gardshol
TITLE
Director
COMPENSATION
SEK600K
AGE
51
TENURE
4.3 yrs
Martin Lindqvist
TITLE
Director
COMPENSATION
SEK850K
AGE
56
TENURE
1.8 yrs
Charlotte Bengtsson
TITLE
Director
COMPENSATION
SEK600K
AGE
47
TENURE
1.8 yrs
Le Evrell
TITLE
Director
COMPENSATION
SEK705K
AGE
64
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Svenska Cellulosa Aktiebolaget insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26. Mar 19 | Buy | Kristina Enander | Individual | 25. Mar 19 | 25. Mar 19 | 1,000 | SEK79.06 | SEK79,060 | ||
| 27. Mar 19 | Buy | Ingela Ekebro | Individual | 25. Mar 19 | 25. Mar 19 | 2,000 | SEK79.10 | SEK158,129 | ||
| 26. Mar 19 | Buy | Stina Danielsson | Individual | 25. Mar 19 | 25. Mar 19 | 1,800 | SEK78.50 | SEK141,300 | ||
| 25. Mar 19 | Buy | Björn Lyngfelt | Individual | 25. Mar 19 | 25. Mar 19 | 1,500 | SEK79.10 | SEK118,650 | ||
| 22. Mar 19 | Buy | Ole Terland | Individual | 22. Mar 19 | 22. Mar 19 | 3,000 | SEK80.00 | SEK240,000 | ||
| 23. Feb 19 | Buy | Magnus Svensson | Individual | 21. Feb 19 | 22. Feb 19 | 20,700 | SEK84.84 | SEK1,730,377 | ||
| 28. Dec 18 | Buy | Annemarie Gardshol | Individual | 27. Dec 18 | 27. Dec 18 | 1,100 | SEK68.68 | SEK75,548 | ||
| 27. Dec 18 | Buy | Jan Svedjebrant | Individual | 27. Dec 18 | 27. Dec 18 | 3,300 | SEK68.20 | SEK224,670 | ||
| 19. Nov 18 | Buy | Stina Danielsson | Individual | 15. Nov 18 | 15. Nov 18 | 1,000 | SEK77.00 | SEK77,000 | ||
| 24. Aug 18 | Buy | Mats Nordlander | Individual | 21. Aug 18 | 21. Aug 18 | 1,500 | SEK99.52 | SEK149,251 | ||
| 27. Jul 18 | Buy | Mats Sandgren | Individual | 25. Jul 18 | 25. Jul 18 | 55,555 | SEK90.20 | SEK5,011,061 | ||
| 25. Jul 18 | Buy | Ole Terland | Individual | 25. Jul 18 | 25. Jul 18 | 10,000 | SEK90.80 | SEK908,000 | ||
| 22. Jun 18 | Buy | Mats Nordlander | Individual | 19. Jun 18 | 19. Jun 18 | 1,350 | SEK97.38 | SEK131,438 | ||
| 19. Jun 18 | Buy | Mats Sandgren | Individual | 15. Jun 18 | 15. Jun 18 | 1,275 | SEK98.50 | SEK125,587 | ||
| 19. Jun 18 | Buy | Björn Lyngfelt | Individual | 19. Jun 18 | 19. Jun 18 | 1,500 | SEK96.70 | SEK145,050 | ||
| 12. Jun 18 | Buy | Toby Lawton | Individual | 12. Jun 18 | 12. Jun 18 | 2,500 | SEK101.00 | SEK252,500 | ||
| 01. Jun 18 | Buy | Ingela Ekebro | Individual | 31. May 18 | 31. May 18 | 1,500 | SEK98.40 | SEK147,600 | ||
| 28. May 18 | Buy | Mats Nordlander | Individual | 22. May 18 | 22. May 18 | 1,300 | SEK100.65 | SEK130,845 | ||
| 15. May 18 | Sell | Magnus Svensson | Individual | 15. May 18 | 15. May 18 | -10,000 | SEK100.94 | SEK-1,009,416 | ||
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Svenska Cellulosa Aktiebolaget's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Svenska Cellulosa Aktiebolaget has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Did Svenska Cellulosa Aktiebolaget SCA (publ)'s (STO:SCA B) 9.4% ROE Fare Against The Industry?
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Svenska Cellulosa Aktiebolaget SCA (publ) (STO:SCA B). … Svenska Cellulosa Aktiebolaget has a ROE of 9.4%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Do Analysts See Svenska Cellulosa Aktiebolaget SCA (publ) (STO:SCA B) Performing In The Years Ahead?
The most recent earnings release Svenska Cellulosa Aktiebolaget SCA (publ)'s (STO:SCA B) announced in December 2018a
Simply Wall St - – Full articleSvenska Cellulosa Aktiebolaget SCA (publ) (STO:SCA B): 4 Days To Buy Before The Ex-Dividend Date
Important news for shareholders and potential investors in Svenska Cellulosa Aktiebolaget SCA (publ) (STO:SCA B): The dividend payment of kr1.75 per share will be distributed to shareholders on 27 March 2019, and the stock will begin trading ex-dividend at an earlier date, 21 March 2019. … Let's take a look at Svenska Cellulosa Aktiebolaget's most recent financial data to examine its dividend characteristics in more detail. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleCompany Info
Description
Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, produces, and sells forest, wood, pulp, and paper products worldwide. The company offers wood products to the home improvement and building materials sectors, including machined softwood, carcassing, MDF, decking, and sheet materials for builders' merchants and DIY retailers; and various wood products, industrial components, standard wood products, and raw materials, as well as logistic, warehouse, and IT solutions for the wood industry. It also provides decking, carcassing, softwood PSE, door lining and casing, softwood molding, composite decking, sheet material, and MDF molding wood products for use in homes; and softwood shavings for horses. In addition, the company offers pulp products under the Celeste, Star, and Cirrus names; coated papers, including glossy and matt surfaces; uncoated printing paper; and Kraftliner products for consumer durables, electronics, hazardous goods, industrial products, fruit and vegetables, frozen foods, etc. Further, it provides forwarding services for various transport modes, such as truck, rail, and barge, as well as marine and road transport; and liquid biofuels, solid biofuels, pellets, stall pellets, and wind energy. Additionally, the company engages in the distribution and wholesale of wood products; production of Kraft and chemical thermomechanical pulps, and containerboards; and publication of paper for magazines, catalogues, and commercial print. Svenska Cellulosa Aktiebolaget SCA (publ) was founded in 1929 and is headquartered in Sundsvall, Sweden.
Details
| Name: | Svenska Cellulosa Aktiebolaget SCA (publ) |
| SCA B | |
| Exchange: | OM |
| Founded: | 1929 |
| SEK57,880,998,362 | |
| 702,342,489 | |
| Website: | http://www.sca.com |
| Address: |
Svenska Cellulosa Aktiebolaget SCA (publ) Skepparplatsen 1, Sundsvall, Västernorrland County, 851 88, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | SCA B | Class B Shares | OMX Nordic Exchange Stockholm | SE | SEK | 02. Jan 1992 | |
| OTCPK | SVCB.F | Class B Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | SCA | Class B Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0MCK | Class B Shares | London Stock Exchange | GB | SEK | 02. Jan 1992 | |
| SWX | SCAB | Class B Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| BATS-CHIXE | SCABS | Class B Shares | BATS 'Chi-X Europe' | GB | SEK | 02. Jan 1992 | |
| OTCPK | SVCB.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 04. Jan 1984 | |
| OM | SCA A | Class A Shares | OMX Nordic Exchange Stockholm | SE | SEK | 02. Jan 1992 | |
| DB | SCA1 | Class A Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| LSE | 0MCJ | Class A Shares | London Stock Exchange | GB | SEK | 02. Jan 1992 | |
| BATS-CHIXE | SCAAS | Class A Shares | BATS 'Chi-X Europe' | GB | SEK | 02. Jan 1992 |
Number of employees
Current staff
3,665
Svenska Cellulosa Aktiebolaget
employees.
Industry
| Forest Products | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/22 21:13 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/15 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
