Loading...

Kallebäck Property Invest

OM:KAPIAB
Snowflake Description

Solid track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KAPIAB
OM
SEK664M
Market Cap
  1. Home
  2. SE
  3. Real Estate
Company description

Kallebäck Property Invest AB (publ) operates as a real estate company. The last earnings update was 58 days ago. More info.


Add to Portfolio Compare Print
KAPIAB Share Price and Events
7 Day Returns
1.1%
OM:KAPIAB
-1.2%
SE Real Estate
-0.3%
SE Market
1 Year Returns
21.3%
OM:KAPIAB
33.6%
SE Real Estate
6.6%
SE Market
KAPIAB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kallebäck Property Invest (KAPIAB) 1.1% 0% 12.3% 21.3% 45.3% 65.5%
SE Real Estate -1.2% 3.6% 8.6% 33.6% 48.1% 117.6%
SE Market -0.3% 3.3% 4.8% 6.6% 20.3% 19.5%
1 Year Return vs Industry and Market
  • KAPIAB underperformed the Real Estate industry which returned 33.6% over the past year.
  • KAPIAB outperformed the Market in Sweden which returned 6.6% over the past year.
Price Volatility
KAPIAB
Industry
5yr Volatility vs Market

Value

 Is Kallebäck Property Invest undervalued based on future cash flows and its price relative to the stock market?

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 Kallebäck Property Invest 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 Kallebäck Property Invest.

OM:KAPIAB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
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.

Calculation of Discount Rate/ Cost of Equity for OM:KAPIAB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.031 (1 + (1- 22%) (73.37%))
1.416
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.416 * 5.96%)
8.88%

Discounted Cash Flow Calculation for OM:KAPIAB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kallebäck Property Invest 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.

OM:KAPIAB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 8.88%)
2019 19.86 Est @ -15% 18.24
2020 17.80 Est @ -10.37% 15.01
2021 16.53 Est @ -7.13% 12.81
2022 15.72 Est @ -4.86% 11.19
2023 15.21 Est @ -3.27% 9.94
2024 14.88 Est @ -2.16% 8.93
2025 14.68 Est @ -1.38% 8.09
2026 14.55 Est @ -0.84% 7.37
2027 14.49 Est @ -0.46% 6.74
2028 14.46 Est @ -0.19% 6.18
Present value of next 10 years cash flows SEK104.50
OM:KAPIAB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK14.46 × (1 + 0.43%) ÷ (8.88% – 0.43%)
SEK172.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK172.01 ÷ (1 + 8.88%)10
SEK73.49
OM:KAPIAB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK104.50 + SEK73.49
SEK177.99
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK177.99 / 3.65
SEK48.76
OM:KAPIAB Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK48.76
Current discount Discount to share price of SEK182.00
= -1 x (SEK182.00 - SEK48.76) / SEK48.76
-273.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kallebäck Property Invest 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 Kallebäck Property Invest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kallebäck Property Invest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:KAPIAB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK43.75
OM:KAPIAB Share Price ** OM (2019-06-25) in SEK SEK182
Sweden Real Estate Industry PE Ratio Median Figure of 39 Publicly-Listed Real Estate Companies 7.41x
Sweden Market PE Ratio Median Figure of 327 Publicly-Listed Companies 16.43x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kallebäck Property Invest.

OM:KAPIAB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:KAPIAB Share Price ÷ EPS (both in SEK)

= 182 ÷ 43.75

4.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kallebäck Property Invest is good value based on earnings compared to the SE Real Estate industry average.
  • Kallebäck Property Invest is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Kallebäck Property Invest's expected growth come at a high price?
Raw Data
OM:KAPIAB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-12.5%per year
Sweden Real Estate Industry PEG Ratio Median Figure of 20 Publicly-Listed Real Estate Companies -0.53x
Sweden Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kallebäck Property Invest, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kallebäck Property Invest's assets?
Raw Data
OM:KAPIAB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK130.01
OM:KAPIAB Share Price * OM (2019-06-25) in SEK SEK182
Sweden Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.19x
Sweden Market PB Ratio Median Figure of 569 Publicly-Listed Companies 2.5x
OM:KAPIAB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:KAPIAB Share Price ÷ Book Value per Share (both in SEK)

= 182 ÷ 130.01

1.4x

* Primary Listing of Kallebäck Property Invest.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kallebäck Property Invest is overvalued based on assets compared to the SE Real Estate industry average.
X
Value checks
We assess Kallebäck Property Invest's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Kallebäck Property Invest has a total score of 2/6, 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

 How is Kallebäck Property Invest expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Kallebäck Property Invest, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
-12.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kallebäck Property Invest expected to grow at an attractive rate?
  • Kallebäck Property Invest's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Kallebäck Property Invest's earnings are expected to decrease over the next 1-3 years, this is below the Sweden market average.
  • Unable to compare Kallebäck Property Invest's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:KAPIAB Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:KAPIAB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -12.5%
Sweden Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -13.9%
Sweden Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.5%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
OM:KAPIAB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:KAPIAB Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OM:KAPIAB Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 69 23 160
2018-09-30 68 34 160
2018-06-30 68 45 160
2018-03-31 68 45 101
2017-12-31 68 45 42
2017-09-30 67 44 44
2017-06-30 67 44 46
2017-03-31 67 41 42
2016-12-31 67 39 39
2016-09-30 67 40 28
2016-06-30 67 42 18
2016-03-31 67 43 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kallebäck Property Invest's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Kallebäck Property Invest is high growth as no revenue estimate data is available.
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
OM:KAPIAB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kallebäck Property Invest Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:KAPIAB Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OM:KAPIAB Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 43.75
2018-09-30 43.73
2018-06-30 43.70
2018-03-31 27.64
2017-12-31 11.58
2017-09-30 12.13
2017-06-30 12.67
2017-03-31 11.61
2016-12-31 10.56
2016-09-30 7.78
2016-06-30 5.01
2016-03-31 5.44

*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.
  • Unable to establish if Kallebäck Property Invest will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kallebäck Property Invest's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kallebäck Property Invest has a total score of 0/6, 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 Kallebäck Property Invest 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 Kallebäck Property Invest's growth in the last year to its industry (Real Estate).
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.
  • Kallebäck Property Invest has delivered over 20% year on year earnings growth in the past 5 years.
  • Kallebäck Property Invest's 1-year earnings growth exceeds its 5-year average (277.7% vs 67.3%)
  • Kallebäck Property Invest's earnings growth has exceeded the SE Real Estate industry average in the past year (277.7% vs 13.4%).
Earnings and Revenue History
Kallebäck Property Invest'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 Kallebäck Property Invest Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:KAPIAB Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 68.60 159.68 1.83
2018-09-30 68.39 159.60 1.68
2018-06-30 68.18 159.52 1.53
2018-03-31 67.90 100.90 1.58
2017-12-31 67.62 42.28 1.62
2017-09-30 67.43 44.26 1.62
2017-06-30 67.23 46.24 1.61
2017-03-31 67.04 42.39 1.64
2016-12-31 66.84 38.53 1.66
2016-09-30 66.89 28.40 1.71
2016-06-30 66.94 18.28 1.76
2016-03-31 66.87 19.84 1.76
2015-12-31 66.79 21.40 1.76
2015-06-30 62.41 15.34 2.67
2014-12-31 51.34 0.72 6.07

*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.
  • Whilst Kallebäck Property Invest has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Kallebäck Property Invest used its assets more efficiently than the SE Real Estate industry average last year based on Return on Assets.
  • Kallebäck Property Invest has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kallebäck Property Invest's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kallebäck Property Invest has a total score of 5/6, 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 Kallebäck Property Invest'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 Kallebäck Property Invest's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kallebäck Property Invest's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kallebäck Property Invest's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kallebäck Property Invest'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 not covered by short term assets, assets are 0.1x 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 Kallebäck Property Invest Company Filings, last reported 5 months ago.

OM:KAPIAB Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 474.55 487.43 54.46
2018-09-30 474.55 487.43 54.46
2018-06-30 453.42 495.47 73.55
2018-03-31 453.42 495.47 73.55
2017-12-31 351.37 503.19 72.65
2017-09-30 351.37 503.19 72.65
2017-06-30 330.40 510.84 70.44
2017-03-31 330.40 510.84 70.44
2016-12-31 354.72 518.68 69.38
2016-09-30 354.72 518.68 69.38
2016-06-30 329.78 527.17 67.82
2016-03-31 329.78 527.17 67.82
2015-12-31 352.69 525.79 72.16
2015-06-30 375.38 528.64 67.81
2014-12-31 367.79 531.18 59.67
  • Kallebäck Property Invest's level of debt (102.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Kallebäck Property Invest's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (4.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Kallebäck Property Invest's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kallebäck Property Invest has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Kallebäck Property Invest'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
Dividend payments
6.59%
Current annual income from Kallebäck Property Invest dividends.
If you bought SEK2,000 of Kallebäck Property Invest shares you are expected to receive SEK132 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?
  • Kallebäck Property Invest's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
  • Kallebäck Property Invest's dividend is above the markets top 25% of dividend payers in Sweden (4.32%).
Upcoming dividend payment

Purchase Kallebäck Property Invest before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
OM:KAPIAB Annualized Past and Future Dividends
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 0 Analyst Estimates (S&P Global) See Below
Sweden Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.2%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.2%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:KAPIAB Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
OM:KAPIAB Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-29 12.000 6.773
2019-02-22 12.000 7.374
2018-03-22 10.000 6.627
2018-02-23 10.000 7.302
2017-03-03 12.500 9.344
2017-02-24 12.500 9.885
2016-03-04 10.000 8.007
2016-02-26 10.000 8.814
2015-03-09 10.000 8.759
2015-03-02 10.000 8.296

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kallebäck Property Invest has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Kallebäck Property Invest only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Kallebäck Property Invest's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kallebäck Property Invest's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kallebäck Property Invest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kallebäck Property Invest 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

 What is the CEO of Kallebäck Property Invest's salary, the management and board of directors tenure and is there insider trading?

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
Maarit Nordmark
TENURE AS CEO 0.1 years
CEO Bio

Ms. Maarit Nordmark has been Chief Executive Officer at Kallebäck Property Invest AB (publ) since May 2019. Ms. Nordmark served as Asset Manager of Kallebäck Property Invest AB (publ) until May 2019. She has been employed by Hestia since 2018. She is responsible for Hestia's asset management assignment in the Nordic region and is CEO of Västsvensk logistics (publ.). She has a long experience of various roles in the real estate and finance sector from Sweden, Denmark and Finland. She was the asset manager for Blackstone before her work focused mainly on real estate financing during 2005 - 2016, among other things. as General Manager of German Aareal Bank in Denmark during the financial crisis. During 2016 - 2018, she has helped a family-owned investment company to build up its property ownership and she is also Vice-chairman of the building committee in Danderyd. She has a degree as a builder, civil engineer and organizational consultant.

CEO Compensation
  • Insufficient data for Maarit to compare compensation growth.
  • Insufficient data for Maarit to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team

Maarit Nordmark

TITLE
Chief Executive Officer
TENURE
0.1 yrs

Gunilla Persson

TITLE
Chief Financial Officer

Peter Egli

TITLE
Asset Manager
TENURE
0.1 yrs
Board of Directors

Johan Thorell

TITLE
Chairman of the Board
AGE
48

Peter Ragnarsson

TITLE
Director
AGE
55

Lennart Låftman

TITLE
Director
AGE
73
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess Kallebäck Property Invest's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kallebäck Property Invest 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

1 Days To Buy Kallebäck Property Invest AB (publ) (STO:KAPIAB) Before The Ex-Dividend Date

Kallebäck Property Invest's upcoming dividend is kr3.00 a share, following on from the last 12 months, when the company distributed a total of kr12.00 per share to shareholders. … See our latest analysis for Kallebäck Property Invest Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Kallebäck Property Invest paid out more free cash flow than it generated - 156%, to be precise - last year, which we think is concerningly high.

Simply Wall St -

Read This Before Considering Kallebäck Property Invest AB (publ) (STO:KAPIAB) For Its Upcoming kr3.00 Dividend

Kallebäck Property Invest's next dividend payment will be kr3.00 per share, and in the last 12 months, the company paid a total of kr12.00 per share. … See our latest analysis for Kallebäck Property Invest Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Kallebäck Property Invest paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend.

Simply Wall St -

Is Kallebäck Property Invest AB (publ) (STO:KAPIAB) A Great Dividend Stock?

While Kallebäck Property Invest's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. … Were it to repeatedly pay dividends that were not well covered by cash flow, this could be a risk to Kallebäck Property Invest's ability to maintain its dividend. … Looking at the data, we can see that Kallebäck Property Invest has been paying a dividend for the past four years.

Simply Wall St -

Read This Before You Buy Kallebäck Property Invest AB (publ) (STO:KAPIAB) Because Of Its P/E Ratio

We'll look at Kallebäck Property Invest AB (publ)'s (STO:KAPIAB) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Kallebäck Property Invest: P/E of 3.95 = SEK173 ÷ SEK43.75 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … How Does Kallebäck Property Invest's Debt Impact Its P/E Ratio?

Simply Wall St -

Does Kallebäck Property Invest (STO:KAPIAB) Deserve A Spot On Your Watchlist?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Kallebäck Property Invest (STO:KAPIAB). … How Fast Is Kallebäck Property Invest Growing Its Earnings Per Share. … It seems Kallebäck Property Invest is pretty stable, since revenue and EBIT margins are pretty flat year on year.

Simply Wall St -

Kallebäck Property Invest (STO:KAPIAB) Shareholders Have Enjoyed A 50% Share Price Gain

To wit, the Kallebäck Property Invest share price has climbed 50% in five years, easily topping the market return of 24% (ignoring dividends). … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … Over half a decade, Kallebäck Property Invest managed to grow its earnings per share at 195% a year.

Simply Wall St -

Should You Be Excited About Kallebäck Property Invest AB (publ)'s (STO:KAPIAB) 34% Return On Equity?

To keep the lesson grounded in practicality, we'll use ROE to better understand Kallebäck Property Invest AB (publ) (STO:KAPIAB). … Kallebäck Property Invest has a ROE of 34%, based on the last twelve months. … One way to conceptualize this, is that for each SEK1 of shareholders' equity it has, the company made SEK0.34 in profit.

Simply Wall St -

How Financially Strong Is Kallebäck Property Invest AB (publ) (STO:KAPIAB)?

While small-cap stocks, such as Kallebäck Property Invest AB (publ) (STO:KAPIAB) with its market cap of kr579m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

What Kind Of Shareholders Own Kallebäck Property Invest AB (publ) (STO:KAPIAB)?

The big shareholder groups in Kallebäck Property Invest AB (publ) (STO:KAPIAB) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Kallebäck Property Invest is not a large company by global standards.

Simply Wall St -

Does Kallebäck Property Invest AB (publ) (STO:KAPIAB) Have A Place In Your Portfolio?

Kallebäck Property Invest AB (publ) (STO:KAPIAB) has paid a dividend to shareholders in the last few years. … Does Kallebäck Property Invest tick all the boxes of a great dividend stock? … View our latest analysis for Kallebäck Property Invest

Simply Wall St -

Company Info

Description

Kallebäck Property Invest AB (publ) operates as a real estate company. The company owns, manages, and lets Kallebäck 17:2, an office building located in Gothenburg. Kallebäck Property Invest AB (publ) was founded in 2013 and is based in Västerås, Sweden.

Details
Name: Kallebäck Property Invest AB (publ)
KAPIAB
Exchange: OM
Founded: 2013
SEK664,300,000
3,650,000
Website: http://www.kallebackpropertyinvest.se
Address: Kallebäck Property Invest AB (publ)
Box 239,
Västerås,
Västmanland County, 721 06,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM KAPIAB Share Capital OMX Nordic Exchange Stockholm SE SEK 28. Mar 2014
Number of employees
Current staff
Staff numbers
0
Kallebäck Property Invest employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 03:17
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2018/02/23
Last earnings filing: 2019/04/29
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.