AB Sagax (publ) operates as a property company in Sweden, Finland, France, Germany, the Netherlands, Spain, and Denmark.
+ 1 more risk
Imperfect balance sheet and overvalued.
Share Price & News
How has AB Sagax's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAGA B has not had significant price volatility in the past 3 months.
7 Day Return
SE Real Estate
1 Year Return
SE Real Estate
Return vs Industry: SAGA B exceeded the Swedish Real Estate industry which returned 1.2% over the past year.
Return vs Market: SAGA B exceeded the Swedish Market which returned 15.7% over the past year.
Price Volatility Vs. Market
How volatile is AB Sagax's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is AB Sagax undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SAGA B (SEK132) is trading above our estimate of fair value (SEK92.01)
Significantly Below Fair Value: SAGA B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAGA B is poor value based on its PE Ratio (16.8x) compared to the SE Real Estate industry average (9.3x).
PE vs Market: SAGA B is good value based on its PE Ratio (16.8x) compared to the Swedish market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: SAGA B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SAGA B is overvalued based on its PB Ratio (2.9x) compared to the SE Real Estate industry average (1x).
How is AB Sagax forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAGA B's earnings are forecast to decline over the next 3 years (-1.2% per year).
Earnings vs Market: SAGA B's earnings are forecast to decline over the next 3 years (-1.2% per year).
High Growth Earnings: SAGA B's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SAGA B's revenue (10.1% per year) is forecast to grow faster than the Swedish market (6.3% per year).
High Growth Revenue: SAGA B's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAGA B's Return on Equity is forecast to be low in 3 years time (15%).
How has AB Sagax performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAGA B has a large one-off gain of SEK1.5B impacting its June 30 2020 financial results.
Growing Profit Margin: SAGA B's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: SAGA B's earnings have grown by 19.5% per year over the past 5 years.
Accelerating Growth: SAGA B's earnings growth over the past year (5.5%) is below its 5-year average (19.5% per year).
Earnings vs Industry: SAGA B earnings growth over the past year (5.5%) underperformed the Real Estate industry 5.5%.
Return on Equity
High ROE: SAGA B's Return on Equity (16.9%) is considered low.
How is AB Sagax's financial position?
Financial Position Analysis
Short Term Liabilities: SAGA B's short term assets (SEK609.0M) do not cover its short term liabilities (SEK2.6B).
Long Term Liabilities: SAGA B's short term assets (SEK609.0M) do not cover its long term liabilities (SEK20.8B).
Debt to Equity History and Analysis
Debt Level: SAGA B's debt to equity ratio (95.4%) is considered high.
Reducing Debt: SAGA B's debt to equity ratio has reduced from 193.7% to 95.4% over the past 5 years.
Debt Coverage: SAGA B's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: SAGA B's interest payments on its debt are well covered by EBIT (5.7x coverage).
What is AB Sagax current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SAGA B's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.38%).
High Dividend: SAGA B's dividend (0.49%) is low compared to the top 25% of dividend payers in the Swedish market (5.03%).
Stability and Growth of Payments
Stable Dividend: SAGA B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.
Growing Dividend: SAGA B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: SAGA B is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SAGA B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Mindus (48 yo)
Mr. David Mindus has been the Chief Executive Director, Managing Director and Director of AB Sagax since 2004. Mr. Mindus serves as Director of Torslanda Property Investment AB (publ) since 2019. Mr. Mindu ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD2.51M).
Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.
|CEO & Director||16.58yrs||no data||19.68% |
|Chief Finance Officer||2.58yrs||no data||no data|
|Head of Finance & Deputy MD||8.58yrs||no data||0.50% |
|Head of Asset Management||5.58yrs||no data||0.013% |
|Chief Executive Officer of Sagax Finland Oy||13.58yrs||no data||0.023% |
|Chief Executive Officer of Sagax - France||6.58yrs||no data||0.012% |
|Chief Executive Officer of Sagax Nederland BV||3.58yrs||no data||0.0050% |
|Chief Executive Officer of Sagax Nederland BV||3.58yrs||no data||0.0047% |
|Group Controller||no data||no data||no data|
Experienced Management: SAGA B's management team is seasoned and experienced (6.1 years average tenure).
|CEO & Director||16.58yrs||no data||19.68% |
|Independent Director||10.58yrs||kr180.00k||0.24% |
|Independent Director||13.58yrs||kr180.00k||1.48% |
|Independent Director||10.58yrs||kr180.00k||0.038% |
|Independent Director||16.58yrs||kr180.00k||0.50% |
Experienced Board: SAGA B's board of directors are seasoned and experienced ( 12.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SAGA B insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
AB Sagax (publ)'s company bio, employee growth, exchange listings and data sources
- Name: AB Sagax (publ)
- Ticker: SAGA B
- Exchange: OM
- Founded: 2000
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: kr45.701b
- Shares outstanding: 443.08m
- Website: https://www.sagax.se
Number of Employees
- AB Sagax (publ)
- Engelbrektsplan 1
- Stockholm County
- 114 34
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SAGA A||OM (OMX Nordic Exchange Stockholm)||Yes||Series A Common Shares||SE||SEK||Apr 1999|
|EFEA||BST (Boerse-Stuttgart)||Yes||Series A Common Shares||DE||EUR||Apr 1999|
|SAGAAs||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Series A Common Shares||GB||SEK||Apr 1999|
|SAGA PREF||OM (OMX Nordic Exchange Stockholm)||NPV PRF||SE||SEK||Feb 2006|
|0HDH||LSE (London Stock Exchange)||NPV PRF||GB||SEK||Feb 2006|
|SAGAPs||BATS-CHIXE (BATS 'Chi-X Europe')||NPV PRF||GB||SEK||Feb 2006|
|SAGA B||OM (OMX Nordic Exchange Stockholm)||Series B Common Shares||SE||SEK||Apr 2013|
|0QDX||LSE (London Stock Exchange)||Series B Common Shares||GB||SEK||Apr 2013|
|SAGABs||BATS-CHIXE (BATS 'Chi-X Europe')||Series B Common Shares||GB||SEK||Apr 2013|
|SAGA D||OM (OMX Nordic Exchange Stockholm)||Series D Common Shares||SE||SEK||Nov 2016|
AB Sagax (publ) operates as a property company in Sweden, Finland, France, Germany, the Netherlands, Spain, and Denmark. The company invests in commercial properties primarily in the warehouse and light in ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 22:04|
|End of Day Share Price||2020/08/04 00:00|
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.