OM:STEF B

Stock Analysis Report

Stendörren Fastigheter

Executive Summary

Stendörren Fastigheter AB (publ), through its subsidiaries, owns, develops, and manages light industrial and logistics properties.

Snowflake

Fundamentals

Limited growth and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: STEF B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

STEF B

1.0%

SE Real Estate

0.5%

SE Market


1 Year Return

54.1%

STEF B

37.3%

SE Real Estate

18.2%

SE Market

Return vs Industry: STEF B exceeded the Swedish Real Estate industry which returned 37.3% over the past year.

Return vs Market: STEF B exceeded the Swedish Market which returned 18.2% over the past year.


Shareholder returns

STEF BIndustryMarket
7 Day0%1.0%0.5%
30 Day1.4%-2.1%5.6%
90 Day13.2%5.8%14.4%
1 Year55.8%54.1%43.4%37.3%23.4%18.2%
3 Year137.5%122.8%77.7%61.2%39.2%17.9%
5 Year287.7%259.1%174.3%134.5%60.9%26.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Stendörren Fastigheter undervalued compared to its fair value and its price relative to the market?

10.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate STEF B's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate STEF B's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: STEF B is poor value based on its PE Ratio (10.8x) compared to the Real Estate industry average (10.2x).

PE vs Market: STEF B is good value based on its PE Ratio (10.8x) compared to the Swedish market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: STEF B is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: STEF B is overvalued based on its PB Ratio (1.4x) compared to the SE Real Estate industry average (1.3x).


Next Steps

Future Growth

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

3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STEF B's forecast earnings growth (3.7% per year) is above the savings rate (0.4%).

Earnings vs Market: STEF B's earnings (3.7% per year) are forecast to grow slower than the Swedish market (9.4% per year).

High Growth Earnings: STEF B's earnings are forecast to grow, but not significantly.

Revenue vs Market: STEF B's revenue (7% per year) is forecast to grow faster than the Swedish market (4.4% per year).

High Growth Revenue: STEF B's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STEF B's Return on Equity is forecast to be low in 3 years time (15.5%).


Next Steps

Past Performance

How has Stendörren Fastigheter performed over the past 5 years?

26.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STEF B has a high level of non-cash earnings.

Growing Profit Margin: STEF B's current net profit margins (63.2%) are lower than last year (97.7%).


Past Earnings Growth Analysis

Earnings Trend: STEF B has become profitable over the past 5 years, growing earnings by 26.3% per year.

Accelerating Growth: STEF 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: STEF B had negative earnings growth (-20.8%) over the past year, making it difficult to compare to the Real Estate industry average (1.4%).


Return on Equity

High ROE: STEF B's Return on Equity (12.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Stendörren Fastigheter's financial position?


Financial Position Analysis

Short Term Liabilities: STEF B's short term assets (SEK209.0M) do not cover its short term liabilities (SEK1.6B)

Long Term Liabilities: STEF B's short term assets (209.0M) do not cover its long term liabilities (4.7B)


Debt to Equity History and Analysis

Debt Level: STEF B's debt to equity ratio (185.8%) is considered high

Reducing Debt: Insufficient data to determine if STEF B's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: STEF B's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: STEF B's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet

Inventory Level: STEF B has a high level of physical assets or inventory.

Debt Coverage by Assets: STEF B's debt is not covered by short term assets (assets are 0x debt).


Next Steps

Dividend

What is Stendörren Fastigheter's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.7%markettop25%4.7%industryaverage2.1%forecastin3Years0%

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate STEF B's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if STEF B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if STEF B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: STEF 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 STEF B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

What is the CEO of Stendörren Fastigheter's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Mikael Nicander (49yo)

0yrs

Tenure

kr185,000

Compensation

Mr. Mikael Nicander serves as Chief Executive Officer of Stendörren Fastigheter AB (publ). He serves as Deputy Chief Executive Officer at Kvalitena AB (publ). Mr. Nicander served as Head of Lantmännen Real ...


Board Age and Tenure

1.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: STEF B's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: STEF B insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sellkr1,925,00002 Oct 19
Magnus Sundell
EntityIndividual
Role
Chief Financial Officer
Deputy CEO & CFO
Shares14,000
Max Pricekr137.50
Sellkr127,00022 Aug 19
Magnus Sundell
EntityIndividual
Role
Chief Financial Officer
Deputy CEO & CFO
Shares1,000
Max Pricekr127.00
Sellkr948,00016 Jun 19
Magnus Sundell
EntityIndividual
Role
Chief Financial Officer
Deputy CEO & CFO
Shares8,000
Max Pricekr118.50
Sellkr1,511,67011 May 19
Johan Bråkenhielm
EntityIndividual
Role
Senior Key Executive
Head of Transactions
Shares12,290
Max Pricekr123.00
Sellkr845,87205 Apr 19
Magnus Sundell
EntityIndividual
Role
Chief Financial Officer
Deputy CEO & CFO
Shares7,292
Max Pricekr116.00
Sellkr16,500,00021 Mar 19
Magnus Sundell
EntityIndividual
Role
Chief Financial Officer
Deputy CEO & CFO
Shares150,000
Max Pricekr110.00
Sellkr4,565,00021 Mar 19
Maria Mastej
EntityIndividual
Role
Senior Key Executive
Head of Business Development
Shares41,500
Max Pricekr110.00
Sellkr9,022,50017 Jan 19
Hans Runesten
EntityIndividual
Shares90,000
Max Pricekr100.25
Sellkr25,700,62705 Dec 18
Dorco International B.V.
EntityCompany
Shares380,750
Max Pricekr67.50
Buykr18,711,00105 Dec 18
Knut Pousette
EntityIndividual
Shares277,200
Max Pricekr67.50

Ownership Breakdown

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


Management Team

  • Mikael Nicander (49yo)

    Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: kr185.00k
  • Magnus Sundell (52yo)

    Deputy CEO & CFO

    • Tenure: 5.8yrs
  • Caroline Gebauer (39yo)

    Head of Legal & Secretary

    • Tenure: 0yrs
  • Maria Mastej (37yo)

    Head of Business Development

    • Tenure: 0yrs
  • Johan Bråkenhielm (46yo)

    Head of Transactions

    • Tenure: 0yrs
  • Cecilia Gynnerstedt

    Head of Group Accounting

    • Tenure: 0yrs
  • Daniel Sahlin

    Corporate Group Controller

    • Tenure: 0yrs
  • Ksenia Glans

    Head of Leasing

    • Tenure: 0yrs
  • Frej Adolph (45yo)

    Head of Asset Management

    • Tenure: 0yrs
  • Marie Camemyr

    HR Director

    • Tenure: 0.6yrs

Board Members

  • Helena Levander (62yo)

    Independent Director

    • Tenure: 2.8yrs
  • Henrik Orrbeck (43yo)

    Director

    • Tenure: 0.8yrs
  • Anders Tägt (65yo)

    Director

    • Tenure: 0.8yrs
  • Seth Lieberman (58yo)

    Chairman of the Board

    • Tenure: 0.8yrs
  • Andreas Philipson (61yo)

    Independent Director

    • Tenure: 3.8yrs
  • Carl Mörk (50yo)

    Independent Director

    • Tenure: 3.8yrs

Company Information

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


Key Information

  • Name: Stendörren Fastigheter AB (publ)
  • Ticker: STEF B
  • Exchange: OM
  • Founded: 2010
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr3.984b
  • Shares outstanding: 28.16m
  • Website: https://www.stendorren.se

Location

  • Stendörren Fastigheter AB (publ)
  • Strandvägen 5A
  • Stockholm
  • Stockholm County
  • 114 51
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STEF BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKFeb 2011

Biography

Stendörren Fastigheter AB (publ), through its subsidiaries, owns, develops, and manages light industrial and logistics properties. It serves mid-size companies and large international companies primarily i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 21:33
End of Day Share Price2019/11/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.