OM:FASTAT

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Aktiebolaget Fastator

Executive Summary

Aktiebolaget Fastator (publ) invests in real estate-centric companies run by entrepreneurs in Sweden.


Snowflake Analysis

Fair value second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

9.9%

FASTAT

3.7%

SE Real Estate

2.6%

SE Market


1 Year Return

94.6%

FASTAT

7.2%

SE Real Estate

6.0%

SE Market

Return vs Industry: FASTAT exceeded the Swedish Real Estate industry which returned 5.2% over the past year.

Return vs Market: FASTAT exceeded the Swedish Market which returned 5% over the past year.


Shareholder returns

FASTATIndustryMarket
7 Day9.9%3.7%2.6%
30 Day18.6%1.4%0.5%
90 Day18.9%18.1%25.9%
1 Year94.6%94.6%9.0%7.2%7.5%6.0%
3 Year221.5%221.5%47.3%38.3%20.5%7.7%
5 Yearn/a104.0%80.4%37.8%10.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Aktiebolaget Fastator undervalued compared to its fair value and its price relative to the market?

3.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FASTAT (SEK86.8) is trading above our estimate of fair value (SEK34.85)

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


Price To Earnings Ratio

PE vs Industry: FASTAT is good value based on its PE Ratio (3.2x) compared to the Real Estate industry average (8.7x).

PE vs Market: FASTAT is good value based on its PE Ratio (3.2x) compared to the Swedish market (20x).


Price to Earnings Growth Ratio

PEG Ratio: FASTAT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FASTAT is good value based on its PB Ratio (0.9x) compared to the SE Real Estate industry average (1x).


Next Steps

Future Growth

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

-42.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FASTAT's earnings are forecast to decline over the next 3 years (-42.4% per year).

Earnings vs Market: FASTAT's earnings are forecast to decline over the next 3 years (-42.4% per year).

High Growth Earnings: FASTAT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FASTAT's revenue (16.6% per year) is forecast to grow faster than the Swedish market (6.1% per year).

High Growth Revenue: FASTAT's revenue (16.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FASTAT's Return on Equity is forecast to be low in 3 years time (6.5%).


Next Steps

Past Performance

How has Aktiebolaget Fastator performed over the past 5 years?

52.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FASTAT has a large one-off gain of SEK719.7M impacting its March 31 2005 financial results.

Growing Profit Margin: FASTAT's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: FASTAT's earnings have grown significantly by 52.8% per year over the past 5 years.

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

Earnings vs Industry: FASTAT had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Real Estate industry average (11.5%).


Return on Equity

High ROE: FASTAT's Return on Equity (27.7%) is considered high.


Next Steps

Financial Health

How is Aktiebolaget Fastator's financial position?


Financial Position Analysis

Short Term Liabilities: FASTAT's short term assets (SEK512.4M) exceed its short term liabilities (SEK454.6M).

Long Term Liabilities: FASTAT's short term assets (SEK512.4M) do not cover its long term liabilities (SEK1.3B).


Debt to Equity History and Analysis

Debt Level: FASTAT's debt to equity ratio (92.6%) is considered high.

Reducing Debt: FASTAT's debt to equity ratio has increased from 24.5% to 92.6% over the past 5 years.

Debt Coverage: FASTAT's debt is not well covered by operating cash flow (0.9%).

Interest Coverage: FASTAT's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Aktiebolaget Fastator current dividend yield, its reliability and sustainability?

3.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FASTAT's dividend (3.46%) is higher than the bottom 25% of dividend payers in the Swedish market (1.66%).

High Dividend: FASTAT's dividend (3.46%) is low compared to the top 25% of dividend payers in the Swedish market (5.19%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether FASTAT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FASTAT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.1%), FASTAT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FASTAT's dividends in 3 years are forecast to be well covered by earnings (49.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Joachim Kuylenstierna (51yo)

2.5yrs

Tenure

kr1,368,000

Compensation

Mr. Joachim Kuylenstierna served as a Director of Aktiebolaget Fastator (publ) since 2013 and serves as its Chief Executive Officer since 2018. 


CEO Compensation Analysis

Compensation vs Market: Joachim's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD231.21K).

Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Joachim Kuylenstierna
Chief Executive Officer2.5yrskr1.37m30.41% SEK370.1m
Christoffer Strömbäck
Chief Financial Officer1.5yrsno data0.0036% SEK43.4k
Fredrik Klerfelt
Chief Investment Officerno datano datano data
Svante Bengtsson
Vice President2.5yrsno datano data

2.5yrs

Average Tenure

44yo

Average Age

Experienced Management: FASTAT's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Carl Bildt
Independent Director5.5yrskr349.00kno data
Anders Mossberg
Independent Director5.5yrskr465.00kno data
Björn Rosengren
Independent Chairman of the Board5.5yrskr565.00k0.26% SEK3.1m
Jacqueline Winberg
Independent Director3.5yrskr394.00kno data
Mats Lundberg
Director9.5yrskr349.00k30.77% SEK374.4m

5.5yrs

Average Tenure

68yo

Average Age

Experienced Board: FASTAT's board of directors are considered experienced (5.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FASTAT insiders have only sold shares 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

Aktiebolaget Fastator (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aktiebolaget Fastator (publ)
  • Ticker: FASTAT
  • Exchange: OM
  • Founded: 2005
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr1.217b
  • Shares outstanding: 14.02m
  • Website: https://www.fastator.se/en

Number of Employees


Location

  • Aktiebolaget Fastator (publ)
  • Nybrogatan 3
  • Stockholm
  • Stockholm County
  • 114 34
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FASTATOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKSep 2015

Biography

Aktiebolaget Fastator (publ) invests in real estate-centric companies run by entrepreneurs in Sweden. The company, through its investment in real estate companies, owns, manages, serves, and/or develops properties in private and public sectors. Aktiebolaget Fastator (publ) was founded in 2005 and is based in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 20:54
End of Day Share Price2020/07/03 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.