NGM:SLOTT B

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Slottsviken Fastighetsaktiebolag

Executive Summary

Slottsviken Fastighetsaktiebolag (publ), a real estate company, acquires, develops, and manages properties in Sweden.


Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SLOTT B

2.9%

SE Real Estate

4.9%

SE Market


1 Year Return

-18.7%

SLOTT B

6.8%

SE Real Estate

8.2%

SE Market

Return vs Industry: SLOTT B underperformed the Swedish Real Estate industry which returned 4.3% over the past year.

Return vs Market: SLOTT B underperformed the Swedish Market which returned 5.4% over the past year.


Shareholder returns

SLOTT BIndustryMarket
7 Day0%2.9%4.9%
30 Day0%1.1%6.9%
90 Day-10.7%-17.7%-1.5%
1 Year-18.7%-18.7%8.5%6.8%9.6%8.2%
3 Year-15.3%-15.3%39.9%31.4%12.7%-2.6%
5 Year-32.2%-36.7%99.4%76.6%30.0%4.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Slottsviken Fastighetsaktiebolag 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: SLOTT B (SEK0.5) is trading below our estimate of fair value (SEK3.07)

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


Price To Earnings Ratio

PE vs Industry: SLOTT B is good value based on its PE Ratio (6.3x) compared to the Real Estate industry average (8.3x).

PE vs Market: SLOTT B is good value based on its PE Ratio (6.3x) compared to the Swedish market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SLOTT B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SLOTT B is good value based on its PB Ratio (0.5x) compared to the SE Real Estate industry average (1x).


Next Steps

Future Growth

How is Slottsviken Fastighetsaktiebolag forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.7%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Slottsviken Fastighetsaktiebolag has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Slottsviken Fastighetsaktiebolag performed over the past 5 years?

71.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLOTT B has high quality earnings.

Growing Profit Margin: SLOTT B's current net profit margins (11.9%) are lower than last year (96%).


Past Earnings Growth Analysis

Earnings Trend: SLOTT B has become profitable over the past 5 years, growing earnings by 71.7% per year.

Accelerating Growth: SLOTT B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SLOTT B had negative earnings growth (-60.7%) over the past year, making it difficult to compare to the Real Estate industry average (10.9%).


Return on Equity

High ROE: SLOTT B's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Slottsviken Fastighetsaktiebolag's financial position?


Financial Position Analysis

Short Term Liabilities: SLOTT B's short term assets (SEK12.8M) exceed its short term liabilities (SEK5.0M).

Long Term Liabilities: SLOTT B's short term assets (SEK12.8M) do not cover its long term liabilities (SEK26.6M).


Debt to Equity History and Analysis

Debt Level: SLOTT B's debt to equity ratio (82.2%) is considered high.

Reducing Debt: SLOTT B's debt to equity ratio has reduced from 93.8% to 82.2% over the past 5 years.

Debt Coverage: SLOTT B's debt is well covered by operating cash flow (44.1%).

Interest Coverage: SLOTT B's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Slottsviken Fastighetsaktiebolag's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SLOTT B'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 SLOTT B'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?

4.3yrs

Average board tenure


CEO

Jakob Österberg (40yo)

7.33yrs

Tenure

Mr. Jakob Österberg has been the Chief Executive Officer and Director at Slottsviken Fastighetsaktiebolag (publ) since January 2013. Mr. Österberg serves as a Director of Lackarebäck Holding AB. He studied ...


Board Members

NamePositionTenureCompensationOwnership
Jakob Österberg
CEO & Director7.33yrsno datano data
Peter Hamnebo
Director7.33yrsno data4.83% SEK788.8k
Fredrik Österberg
Chairman1.33yrsno datano data
Daniel Stensiö
Director1.33yrsno datano data

4.3yrs

Average Tenure

41yo

Average Age

Experienced Board: SLOTT B's board of directors are considered experienced (4.3 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Slottsviken Fastighetsaktiebolag (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Slottsviken Fastighetsaktiebolag (publ)
  • Ticker: SLOTT B
  • Exchange: NGM
  • Founded: 1983
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr16.330m
  • Shares outstanding: 33.85m
  • Website: https://www.slottsviken.se

Location

  • Slottsviken Fastighetsaktiebolag (publ)
  • Kyrkogatan 24
  • Gothenburg
  • Västra Götaland County
  • 411 15
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLOTT BNGM (Nordic Growth Market)YesClass B SharesSESEKNov 1997
SLOTT ANGM (Nordic Growth Market)Class A SharesSESEKNov 1997

Biography

Slottsviken Fastighetsaktiebolag (publ), a real estate company, acquires, develops, and manages properties in Sweden. Its property portfolio includes residential properties and commercial premises. The company also invests in securities; and owns and manages intellectual property rights relating to Reumacon and Wartec life science activities. The company was formerly known as Conpharm AB (publ) and changed its name to Slottsviken Fastighetsaktiebolag (publ) in July 2015. Slottsviken Fastighetsaktiebolag (publ) was founded in 1983 and is headquartered in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 19:31
End of Day Share Price2020/05/13 00:00
Earnings2019/12/31
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.