OM:SPEQT

Stock Analysis Report

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Executive Summary

Speqta AB (publ) develops and operates platforms to generate leads and performance-based online marketing. More Details


Snowflake Analysis

Very undervalued with high growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SPEQT is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SPEQT's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-10.6%

SPEQT

-2.0%

SE Interactive Media and Services

0.3%

SE Market


1 Year Return

-42.4%

SPEQT

8.4%

SE Interactive Media and Services

16.5%

SE Market

Return vs Industry: SPEQT underperformed the Swedish Interactive Media and Services industry which returned 8% over the past year.

Return vs Market: SPEQT underperformed the Swedish Market which returned 16.7% over the past year.


Shareholder returns

SPEQTIndustryMarket
7 Day-10.6%-2.0%0.3%
30 Day-8.7%-2.6%4.1%
90 Day0%0.2%6.8%
1 Year-42.4%-42.4%9.8%8.4%18.2%16.5%
3 Year35.8%35.8%-37.1%-40.3%40.6%25.4%
5 Year-38.5%-40.0%53.7%48.2%61.2%30.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Speqta 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: SPEQT (SEK4.32) is trading below our estimate of fair value (SEK18.65)

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


Price To Earnings Ratio

PE vs Industry: SPEQT is good value based on its PE Ratio (16.1x) compared to the XE Interactive Media and Services industry average (32.6x).

PE vs Market: SPEQT is good value based on its PE Ratio (16.1x) compared to the Swedish market (22.9x).


Price to Earnings Growth Ratio

PEG Ratio: SPEQT is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: SPEQT is good value based on its PB Ratio (1x) compared to the SE Interactive Media and Services industry average (3.1x).


Next Steps

Future Growth

How is Speqta forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

38.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPEQT's forecast earnings growth (38.9% per year) is above the savings rate (0.5%).

Earnings vs Market: SPEQT's earnings (38.9% per year) are forecast to grow faster than the Swedish market (11.4% per year).

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

Revenue vs Market: SPEQT's revenue (26.1% per year) is forecast to grow faster than the Swedish market (3.3% per year).

High Growth Revenue: SPEQT's revenue (26.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPEQT's Return on Equity is forecast to be low in 3 years time (7.7%).


Next Steps

Past Performance

How has Speqta performed over the past 5 years?

50.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPEQT has high quality earnings.

Growing Profit Margin: SPEQT's current net profit margins (9.2%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: SPEQT has become profitable over the past 5 years, growing earnings by 50% per year.

Accelerating Growth: SPEQT's earnings growth over the past year (4743.9%) exceeds its 5-year average (50% per year).

Earnings vs Industry: SPEQT earnings growth over the past year (4743.9%) exceeded the Interactive Media and Services industry 42.5%.


Return on Equity

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


Next Steps

Financial Health

How is Speqta's financial position?


Financial Position Analysis

Short Term Liabilities: SPEQT's short term assets (SEK82.0M) exceed its short term liabilities (SEK55.9M).

Long Term Liabilities: SPEQT's short term assets (SEK82.0M) do not cover its long term liabilities (SEK237.1M).


Debt to Equity History and Analysis

Debt Level: SPEQT's debt to equity ratio (43.5%) is considered high.

Reducing Debt: SPEQT's debt to equity ratio has reduced from 76.3% to 43.5% over the past 5 years.

Debt Coverage: SPEQT's debt is not well covered by operating cash flow (14.5%).

Interest Coverage: SPEQT's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Speqta current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SPEQT'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 SPEQT'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?

2.7yrs

Average board tenure


CEO

Fredrik Lindros (44 yo)

1.17yrs

Tenure

Mr. Fredrik Lindros has been Chief Executive Officer of Speqta AB (publ) since September 30, 2019. Mr. Lindros holds a Master's degree in Business and Economics from Stockholm School of Economics and sever...


Board Members

NamePositionTenureCompensationOwnership
Andereas Friis
Founder10.83yrskr898.00k6.96%
SEK 19.8m
Karl Fredrik Burvall
Independent Chairman3.83yrskr101.00k0.27%
SEK 762.7k
Andre Lavold
Independent Directorno datano data7.9%
SEK 22.5m
Patrik Christensen
Independent Directorno datakr66.00k0.12%
SEK 345.2k
Lisa Gunnarsson
Independent Director1.5yrsno data0.026%
SEK 74.3k
Par Sundberg
Independent Director1.5yrsno data0.030%
SEK 86.4k

2.7yrs

Average Tenure

43.5yo

Average Age

Experienced Board: SPEQT's board of directors are not considered experienced ( 2.7 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 72.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Speqta AB (publ)
  • Ticker: SPEQT
  • Exchange: OM
  • Founded: 2003
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: kr284.765m
  • Shares outstanding: 65.92m
  • Website: https://www.speqta.com

Location

  • Speqta AB (publ)
  • Regeringsgatan 29, 5tr
  • Stockholm
  • Stockholm County
  • 111 53
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPEQTOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKDec 2009

Biography

Speqta AB (publ) develops and operates platforms to generate leads and performance-based online marketing. It offers BigData Engine, a data-collection platform used for re-targeting of customers between br...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 20:38
End of Day Share Price2020/11/24 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.