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Stendörren Fastigheter

OM:STEF B
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STEF B
OM
SEK3B
Market Cap
  1. Home
  2. SE
  3. Real Estate
Company description

Stendörren Fastigheter AB (publ), through its subsidiaries, owns, develops, and manages light industrial and logistics properties. The last earnings update was 94 days ago. More info.


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STEF B Share Price and Events
7 Day Returns
1%
OM:STEF B
0.4%
SE Real Estate
3%
SE Market
1 Year Returns
51.2%
OM:STEF B
31.4%
SE Real Estate
2.1%
SE Market
STEF B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stendörren Fastigheter (STEF B) 1% 2.5% 14.3% 51.2% 125.1% 48.6%
SE Real Estate 0.4% 2% 9.9% 31.4% 41.5% 106.3%
SE Market 3% 4.8% 7.2% 2.1% 14.5% 21.7%
1 Year Return vs Industry and Market
  • STEF B outperformed the Real Estate industry which returned 31.4% over the past year.
  • STEF B outperformed the Market in Sweden which returned 2.1% over the past year.
Price Volatility
STEF B
Industry
5yr Volatility vs Market

STEF B Value

 Is Stendörren Fastigheter 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 Stendörren Fastigheter 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 Stendörren Fastigheter.

OM:STEF B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
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:STEF B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 9.6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.43
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.432 (1 + (1- 22%) (167.75%))
0.998
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.998 * 9.57%)
9.98%

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

The calculations below outline how an intrinsic value for Stendörren Fastigheter is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:STEF B DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SEK, Millions) 177.75 211.52 249.60 292.03 338.75
Source Est @ 20%, capped from 42.39% Est @ 19%, capped from 42.39% Est @ 18%, capped from 42.39% Est @ 17%, capped from 42.39% Est @ 16%, capped from 42.39%
Present Value
Discounted (@ 9.98%)
161.61 174.86 187.61 199.57 210.49
Present value of next 5 years cash flows SEK934.14
OM:STEF B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SEK338.75 × (1 + 0.43%) ÷ (9.98% – 0.43%)
SEK3,562.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SEK3,562.55 ÷ (1 + 9.98%)5
SEK2,213.64
OM:STEF B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SEK934.14 + SEK2,213.64
SEK3,147.79
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,147.79 / 28.16
SEK111.8
OM:STEF B Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK111.80
Current discount Discount to share price of SEK104.00
= -1 x (SEK104.00 - SEK111.80) / SEK111.80
7%

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

Current Discount
Amount off the current price Stendörren Fastigheter is available for.
Intrinsic value
7%
Share price is SEK104 vs Future cash flow value of SEK111.8
Current Discount Checks
For Stendörren Fastigheter to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stendörren Fastigheter's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Stendörren Fastigheter's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Stendörren Fastigheter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stendörren Fastigheter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:STEF B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in SEK SEK17.80
OM:STEF B Share Price ** OM (2019-02-18) in SEK SEK104
Sweden Real Estate Industry PE Ratio Median Figure of 40 Publicly-Listed Real Estate Companies 7.33x
Sweden Market PE Ratio Median Figure of 320 Publicly-Listed Companies 16.23x

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

** Primary Listing of Stendörren Fastigheter.

OM:STEF B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 104 ÷ 17.80

5.84x

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

  • Stendörren Fastigheter is good value based on earnings compared to the SE Real Estate industry average.
  • Stendörren Fastigheter is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Stendörren Fastigheter's expected growth come at a high price?
Raw Data
OM:STEF B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-19.1%per year
Sweden Real Estate Industry PEG Ratio Median Figure of 24 Publicly-Listed Real Estate Companies -0.2x
Sweden Market PEG Ratio Median Figure of 231 Publicly-Listed Companies 1.19x

*Line of best fit is calculated by linear regression .

OM:STEF B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.84x ÷ -19.1%

-0.31x

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

  • Stendörren Fastigheter earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Stendörren Fastigheter's assets?
Raw Data
OM:STEF B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in SEK SEK95.86
OM:STEF B Share Price * OM (2019-02-18) in SEK SEK104
Sweden Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.17x
Sweden Market PB Ratio Median Figure of 559 Publicly-Listed Companies 2.42x
OM:STEF B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 104 ÷ 95.86

1.08x

* Primary Listing of Stendörren Fastigheter.

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

  • Stendörren Fastigheter is good value based on assets compared to the SE Real Estate industry average.
X
Value checks
We assess Stendörren Fastigheter'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. Stendörren Fastigheter has a total score of 3/6, 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.

STEF B Future Performance

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

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
-19.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stendörren Fastigheter expected to grow at an attractive rate?
  • Stendörren Fastigheter'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
  • Stendörren Fastigheter's earnings are expected to decrease over the next 1-3 years, this is below the Sweden market average.
  • Stendörren Fastigheter's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:STEF B Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:STEF B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -19.1%
OM:STEF B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13%
Sweden Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -32.3%
Sweden Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.8%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:STEF B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:STEF B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 676 281 295 2
2019-12-31 634 269 309 2
2018-12-31 531 417 400 2
OM:STEF B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-09-30 504 129 495
2018-06-30 478 436 467
2018-03-31 468 221 417
2017-12-31 453 215 396
2017-09-30 460 217 395
2017-06-30 454 228 350
2017-03-31 448 65 626
2016-12-31 440 -35 609
2016-09-30 424 -23 636
2016-06-30 416 -69 569
2016-03-31 404 20 330
2015-12-31 356 89 309

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stendörren Fastigheter's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Stendörren Fastigheter's revenue is expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
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:STEF B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Stendörren Fastigheter Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:STEF B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 6.77 6.77 6.77 1.00
2019-12-31 6.43 6.43 6.43 1.00
2018-12-31 13.66 13.66 13.66 1.00
OM:STEF B Past Financials Data
Date (Data in SEK Millions) EPS *
2018-09-30 17.80
2018-06-30 16.87
2018-03-31 15.10
2017-12-31 14.34
2017-09-30 14.30
2017-06-30 12.67
2017-03-31 22.66
2016-12-31 22.05
2016-09-30 23.02
2016-06-30 20.60
2016-03-31 11.95
2015-12-31 11.96

*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.
  • Stendörren Fastigheter is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Stendörren Fastigheter'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.
Stendörren Fastigheter has a total score of 1/6, 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.

STEF B Past Performance

  How has Stendörren Fastigheter 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 Stendörren Fastigheter'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.
  • Stendörren Fastigheter has delivered over 20% year on year earnings growth in the past 5 years.
  • Stendörren Fastigheter's 1-year earnings growth is less than its 5-year average (25.3% vs 44.7%)
  • Stendörren Fastigheter's earnings growth has exceeded the SE Real Estate industry average in the past year (25.3% vs 24%).
Earnings and Revenue History
Stendörren Fastigheter'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 Stendörren Fastigheter Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:STEF B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 504.00 495.00 56.00
2018-06-30 478.00 467.00 52.00
2018-03-31 468.00 417.00 53.00
2017-12-31 453.00 396.00 51.00
2017-09-30 460.00 395.00 49.00
2017-06-30 454.00 350.00 62.00
2017-03-31 448.00 626.00 58.00
2016-12-31 440.00 609.00 55.00
2016-09-30 424.00 636.00 52.00
2016-06-30 416.00 569.00 46.00
2016-03-31 404.00 330.00 40.00
2015-12-31 356.00 309.00 31.00
2015-09-30 271.00 153.10 20.90
2015-06-30 172.00 128.90 13.10
2015-03-31 78.00 31.70 7.30
2014-12-31 22.00 25.00 3.00
2014-09-30 -5.80 -3.80 -0.50
2014-06-30 -4.70 -3.60 0.10
2014-03-31 -2.60 -2.60 0.70
2013-12-31 -0.80 0.80
2013-09-30 7.80 2.30 3.50
2013-06-30 7.90 2.40 3.40
2013-03-31 6.90 1.60 3.40
2012-12-31 6.00 0.90 3.40
2012-09-30 4.60 0.00 3.20
2012-06-30 4.30 -0.30 3.20
2012-03-31 4.90 0.30 3.20

*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.
  • Stendörren Fastigheter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Stendörren Fastigheter used its assets more efficiently than the SE Real Estate industry average last year based on Return on Assets.
  • Stendörren Fastigheter's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Stendörren Fastigheter'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.
Stendörren Fastigheter has a total score of 3/6, 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.

STEF B Health

 How is Stendörren Fastigheter'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 Stendörren Fastigheter's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stendörren Fastigheter's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Stendörren Fastigheter's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Stendörren Fastigheter'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 0x 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 Stendörren Fastigheter Company Filings, last reported 4 months ago.

OM:STEF B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,699.00 4,912.00 104.00
2018-06-30 2,534.00 4,122.00 273.00
2018-03-31 2,464.00 3,819.00 69.00
2017-12-31 2,399.00 3,712.00 38.00
2017-09-30 2,242.00 3,504.00 62.00
2017-06-30 2,106.00 3,419.00 38.00
2017-03-31 2,099.00 3,378.00 42.00
2016-12-31 2,054.00 3,472.00 51.00
2016-09-30 1,899.00 3,504.00 181.00
2016-06-30 1,809.00 3,516.00 193.00
2016-03-31 1,516.00 3,240.00 140.00
2015-12-31 1,489.00 3,193.00 50.00
2015-09-30 1,307.00 3,214.00 74.30
2015-06-30 1,283.60 3,160.30 90.90
2015-03-31 1,185.60 3,057.40 218.60
2014-12-31 819.00 1,344.00 31.00
2014-09-30 30.00 0.00 30.80
2014-06-30 28.50 0.00 28.20
2014-03-31 28.00 0.00 26.90
2013-12-31 5.60 0.00 6.00
2013-09-30 5.80 0.00 6.10
2013-06-30 5.70 0.00 5.40
2013-03-31 5.00 0.00 4.00
2012-12-31 3.90 0.00 4.60
2012-09-30 3.50 0.00 2.70
2012-06-30 3.40 0.00 2.30
2012-03-31 3.40 0.00 1.70
  • Stendörren Fastigheter's level of debt (182%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 182% today).
  • Debt is not well covered by operating cash flow (2.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Stendörren Fastigheter'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. Stendörren Fastigheter has a total score of 0/6, 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.

STEF B Dividends

 What is Stendörren Fastigheter'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
2.15%
Current annual income from Stendörren Fastigheter dividends. Estimated to be 2.69% next year.
If you bought SEK2,000 of Stendörren Fastigheter shares you are expected to receive SEK43 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?
  • Stendörren Fastigheter's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.9%).
  • Stendörren Fastigheter's dividend is below the markets top 25% of dividend payers in Sweden (4.81%).
Upcoming dividend payment

Purchase Stendörren Fastigheter on or 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:STEF B 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 2 Analyst Estimates (S&P Global) See Below
Sweden Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 242 Stocks 3.3%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

OM:STEF B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 2.90 2.00
2019-12-31 2.70 2.00
2018-12-31 2.50 2.00
OM:STEF B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2018-04-24 2.240 2.438
2018-02-23 2.240 2.967
2017-04-21 2.000 2.928
2017-02-24 2.000 2.971
2016-11-01 1.600 2.397
2016-04-21 1.600 2.520
2016-02-24 1.600 3.060

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

  • Whilst dividend payments have been stable, Stendörren Fastigheter has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Stendörren Fastigheter only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Stendörren Fastigheter's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Stendörren Fastigheter's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Stendörren Fastigheter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stendörren Fastigheter 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.

STEF B Management

 What is the CEO of Stendörren Fastigheter'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
Fredrik Brodin
AGE 51
TENURE AS CEO 4.3 years
CEO Bio

Mr. Fredrik Brodin has been Chief Executive Officer at Stendörren Fastigheter AB (publ) since November 5, 2014. He has been Director of D. Carnegie & Co AB ("Company") since May 12, 2017. Mr. Brodin served as the Head of Real Estate of the company. He served as Property Manager of the company until November 5, 2014. He served as Chief Executive Officer of Cartera AB. Mr. Brodin serves as a Board member of Broville AB, Broville Holding AB and Byggsystem AB Stenholm as well as Deputy Board Member of Bosystem Nordic AB and Shagershusets Parkering AB. Mr. Brodin holds M.Sc in Engineering from Kungliga Tekniska Högskolan.

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

Fredrik Brodin

TITLE
Chief Executive Officer
AGE
51
TENURE
4.3 yrs

Magnus Sundell

TITLE
Deputy CEO & CFO
AGE
51
TENURE
5.1 yrs

Caroline Gebauer

TITLE
Head of Legal & Secretary
AGE
38

Maria Mastej

TITLE
Head of Marketing & Leasing
AGE
36

Johan Brakenhielm

TITLE
Head of Transactions
AGE
45
Board of Directors Tenure

Average tenure and age of the Stendörren Fastigheter board of directors in years:

0.1
Average Tenure
57
Average Age
  • The average tenure for the Stendörren Fastigheter board of directors is less than 3 years, this suggests a new board.
Board of Directors

Seth Lieberman

TITLE
Chairman of the Board
AGE
57

Knut Pousette

TITLE
Director
AGE
46

Carl Mörk

TITLE
Director
AGE
49

Andreas Philipson

TITLE
Director
AGE
60
TENURE
3.1 yrs

Helena Levander

TITLE
Director
AGE
61

Henrik Orrbeck

TITLE
Director
AGE
42
TENURE
0.1 yrs

Anders Tagt

TITLE
Director
AGE
64
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Stendörren Fastigheter insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
17. Jan 19 Sell Hans Runesten Individual 16. Jan 19 16. Jan 19 -90,000 SEK100.25 SEK-9,022,500
05. Dec 18 Sell Dorco International B.V. Company 03. Dec 18 03. Dec 18 -380,750 SEK67.50 SEK-25,700,627
05. Dec 18 Buy Knut Pousette Individual 03. Dec 18 03. Dec 18 277,200 SEK67.50 SEK18,711,001
04. Sep 18 Sell Carl Mörk Individual 03. Sep 18 03. Sep 18 -100,000 SEK90.00 SEK-9,000,000
04. Sep 18 Buy Carl Mörk Individual 03. Sep 18 03. Sep 18 60,000 SEK90.00 SEK5,400,000
08. Aug 18 Sell Maria Mastej Individual 06. Aug 18 08. Aug 18 -8,588 SEK90.42 SEK-776,197
01. Aug 18 Sell Maria Mastej Individual 30. Jul 18 31. Jul 18 -2,143 SEK91.07 SEK-194,432
25. Jul 18 Sell Maria Mastej Individual 23. Jul 18 23. Jul 18 -5,000 SEK91.58 SEK-457,890
22. Jul 18 Sell Maria Mastej Individual 20. Jul 18 20. Jul 18 -1,269 SEK92.80 SEK-117,763
22. May 18 Sell Frej Adolph Individual 21. May 18 21. May 18 -10,000 SEK85.02 SEK-850,217
20. May 18 Buy Frej Adolph Individual 18. May 18 18. May 18 10,000 SEK42.48 SEK424,800
19. May 18 Buy Maria Mastej Individual 18. May 18 18. May 18 60,000 SEK42.48 SEK2,548,800
17. May 18 Sell Dorco International B.V. Company 14. May 18 14. May 18 -1,000,000 SEK82.00 SEK-81,499,999
15. May 18 Sell Hans Runesten Individual 14. May 18 14. May 18 -20,000 SEK83.80 SEK-1,676,000
15. May 18 Buy Hans Runesten Individual 14. May 18 14. May 18 20,000 SEK83.80 SEK1,676,000
09. Mar 18 Buy Hans Runesten Individual 08. Mar 18 08. Mar 18 13,040 SEK72.00 SEK932,880
X
Management checks
We assess Stendörren Fastigheter'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. Stendörren Fastigheter 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.

STEF B News

Simply Wall St News

STEF B Company Info

Map
Description

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 in the Greater Stockholm region, as well as in the wider lake Mälaren region. The company was formerly known as Header Compression Sweden Holding AB and changed its name to Stendörren Fastigheter AB (publ) in November 2014. Stendörren Fastigheter AB (publ) was founded in 2010 and is headquartered in Stockholm, Sweden.

Details
Name: Stendörren Fastigheter AB (publ)
STEF B
Exchange: OM
Founded: 2010
SEK2,928,186,664
28,155,641
Website: http://www.stendorren.se
Address: Stendörren Fastigheter AB (publ)
Strandvägen 5A,
Stockholm,
Stockholm County, 114 51,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM STEF B Class B Shares OMX Nordic Exchange Stockholm SE SEK 04. Feb 2011
Number of employees
Current staff
Staff numbers
0
Stendörren Fastigheter employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 22:37
End of day share price update: 2019/02/18 00:00
Last estimates confirmation: 2019/02/11
Last earnings filing: 2018/11/16
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.