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Fastighets AB Trianon

OM:TRIAN B
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRIAN B
OM
SEK2B
Market Cap
  1. Home
  2. SE
  3. Real Estate
Company description

Fastighets AB Trianon (publ), a real estate company, acquires, develops, builds, owns, manages, and sells residential and commercial properties in Sweden. The last earnings update was 18 days ago. More info.


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TRIAN B Share Price and Events
7 Day Returns
4.3%
OM:TRIAN B
4.1%
SE Real Estate
2.4%
SE Market
1 Year Returns
31.9%
OM:TRIAN B
31.5%
SE Real Estate
1.7%
SE Market
TRIAN B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fastighets AB Trianon (TRIAN B) 4.3% 10.8% 13.9% 31.9% - -
SE Real Estate 4.1% 3.6% 12.8% 31.5% 37.1% 108.1%
SE Market 2.4% 1% 10.5% 1.7% 11.3% 21%
1 Year Return vs Industry and Market
  • TRIAN B outperformed the Market in Sweden which returned 1.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Fastighets AB Trianon 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 Fastighets AB Trianon 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    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fastighets AB Trianon.

OM:TRIAN 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 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
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:TRIAN B
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 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.104 (1 + (1- 22%) (139.51%))
1.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.875 * 5.96%)
11.61%

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

The calculations below outline how an intrinsic value for Fastighets AB Trianon 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:TRIAN B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 11.61%)
2019 190.84 Est @ 26.56% 170.99
2020 226.57 Est @ 18.72% 181.89
2021 256.56 Est @ 13.24% 184.53
2022 280.66 Est @ 9.39% 180.87
2023 299.48 Est @ 6.71% 172.93
2024 313.93 Est @ 4.82% 162.41
2025 324.94 Est @ 3.51% 150.62
2026 333.35 Est @ 2.59% 138.45
2027 339.81 Est @ 1.94% 126.45
2028 344.87 Est @ 1.49% 114.98
Present value of next 10 years cash flows SEK1,584.12
OM:TRIAN B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK344.87 × (1 + 0.43%) ÷ (11.61% – 0.43%)
SEK3,099.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,099.38 ÷ (1 + 11.61%)10
SEK1,033.36
OM:TRIAN B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,584.12 + SEK1,033.36
SEK2,617.48
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK2,617.48 / 34.37
SEK76.17
OM:TRIAN B Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK76.17
Current discount Discount to share price of SEK72.00
= -1 x (SEK72.00 - SEK76.17) / SEK76.17
5.5%

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

Current Discount
Amount off the current price Fastighets AB Trianon is available for.
Intrinsic value
5%
Share price is SEK72 vs Future cash flow value of SEK76.17
Current Discount Checks
For Fastighets AB Trianon to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fastighets AB Trianon's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Fastighets AB Trianon'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 Fastighets AB Trianon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fastighets AB Trianon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:TRIAN B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK7.44
OM:TRIAN B Share Price ** OM (2019-03-18) in SEK SEK72
Sweden Real Estate Industry PE Ratio Median Figure of 41 Publicly-Listed Real Estate Companies 7.64x
Sweden Market PE Ratio Median Figure of 322 Publicly-Listed Companies 17.08x

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

** Primary Listing of Fastighets AB Trianon.

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

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

= 72 ÷ 7.44

9.67x

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

  • Fastighets AB Trianon is overvalued based on earnings compared to the SE Real Estate industry average.
  • Fastighets AB Trianon is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Fastighets AB Trianon's expected growth come at a high price?
Raw Data
OM:TRIAN B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-26%per year
Sweden Real Estate Industry PEG Ratio Median Figure of 24 Publicly-Listed Real Estate Companies -0.19x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.67x ÷ -26%

-0.37x

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

  • Fastighets AB Trianon 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 Fastighets AB Trianon's assets?
Raw Data
OM:TRIAN B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK57.57
OM:TRIAN B Share Price * OM (2019-03-18) in SEK SEK72
Sweden Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.16x
Sweden Market PB Ratio Median Figure of 562 Publicly-Listed Companies 2.51x
OM:TRIAN B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 72 ÷ 57.57

1.25x

* Primary Listing of Fastighets AB Trianon.

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

  • Fastighets AB Trianon is overvalued based on assets compared to the SE Real Estate industry average.
X
Value checks
We assess Fastighets AB Trianon'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. Fastighets AB Trianon has a total score of 1/6, 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 Fastighets AB Trianon expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-26%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fastighets AB Trianon expected to grow at an attractive rate?
  • Fastighets AB Trianon'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
  • Fastighets AB Trianon's earnings are expected to decrease over the next 1-3 years, this is below the Sweden market average.
  • Fastighets AB Trianon's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:TRIAN B Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:TRIAN B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -26%
OM:TRIAN B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.1%
Sweden Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -32.7%
Sweden Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 5%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*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:TRIAN B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:TRIAN B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 125
2020-12-31 359 110 1
2019-12-31 335 108 1
OM:TRIAN B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 345 152 256
2018-09-30 334 120 259
2018-06-30 312 116 229
2018-03-31 289 132 280
2017-12-31 271 86 319
2017-09-30 254 118 408
2017-06-30 238 110 484
2017-03-31 234 73 428
2016-12-31 220 74 402

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fastighets AB Trianon's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Fastighets AB Trianon's revenue is expected to grow by 2.1% 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:TRIAN B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Fastighets AB Trianon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:TRIAN B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.62 3.62 3.62 1.00
2020-12-31 3.21 3.21 3.21 1.00
2019-12-31 3.15 3.15 3.15 1.00
OM:TRIAN B Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 7.44
2018-09-30 7.53
2018-06-30 6.66
2018-03-31 8.48
2017-12-31 10.15
2017-09-30 13.67
2017-06-30 17.09
2017-03-31 15.23
2016-12-31 14.29

*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.
  • Fastighets AB Trianon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fastighets AB Trianon'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.
Fastighets AB Trianon 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 Fastighets AB Trianon 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 Fastighets AB Trianon'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.
  • Fastighets AB Trianon's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Fastighets AB Trianon's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fastighets AB Trianon's 1-year earnings growth is negative, it can't be compared to the SE Real Estate industry average.
Earnings and Revenue History
Fastighets AB Trianon'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 Fastighets AB Trianon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:TRIAN B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 344.60 255.80 31.80
2018-09-30 334.40 258.80 28.30
2018-06-30 311.50 228.90 25.90
2018-03-31 288.50 279.80 24.50
2017-12-31 270.60 318.90 22.50
2017-09-30 253.60 408.20 23.30
2017-06-30 238.40 483.60 22.60
2017-03-31 233.90 428.10 20.40
2016-12-31 220.40 401.90 18.90
2015-12-31 151.30 160.00 13.60
2014-12-31 119.20 56.30 12.70
2013-12-31 105.80 49.58 11.26

*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.
  • Fastighets AB Trianon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fastighets AB Trianon used its assets less efficiently than the SE Real Estate industry average last year based on Return on Assets.
  • Fastighets AB Trianon's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fastighets AB Trianon'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.
Fastighets AB Trianon has a total score of 1/6, 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 Fastighets AB Trianon'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 Fastighets AB Trianon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fastighets AB Trianon's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fastighets AB Trianon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fastighets AB Trianon'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 Fastighets AB Trianon Company Filings, last reported 2 months ago.

OM:TRIAN B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,064.30 3,451.90 30.00
2018-09-30 1,995.90 3,336.20 204.40
2018-06-30 1,901.00 3,314.10 207.80
2018-03-31 1,860.80 3,296.10 300.50
2017-12-31 1,810.60 2,624.60 44.10
2017-09-30 1,735.40 2,607.30 117.10
2017-06-30 1,699.80 2,612.00 167.60
2017-03-31 1,312.80 2,251.70 8.60
2016-12-31 1,181.50 1,967.20 23.20
2015-12-31 798.90 1,313.30 1.30
2014-12-31 579.80 968.80 27.70
2013-12-31 537.87 776.42 19.50
  • Fastighets AB Trianon's level of debt (167.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (144.4% vs 167.2% today).
  • Debt is not well covered by operating cash flow (4.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Fastighets AB Trianon'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. Fastighets AB Trianon 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.

Dividends

 What is Fastighets AB Trianon'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
1.6%
Current annual income from Fastighets AB Trianon dividends. Estimated to be 2.36% next year.
If you bought SEK2,000 of Fastighets AB Trianon shares you are expected to receive SEK32 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?
  • Fastighets AB Trianon's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.95%).
  • Fastighets AB Trianon's dividend is below the markets top 25% of dividend payers in Sweden (4.52%).
Upcoming dividend payment

Purchase Fastighets AB Trianon 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:TRIAN 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 1 Analyst Estimates (S&P Global) See Below
Sweden Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.5%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 247 Stocks 3.6%
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 4.5%

Industry and Market average data is calculated daily.

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

OM:TRIAN B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.90 1.00
2020-12-31 1.75 1.00
2019-12-31 1.45 1.00
OM:TRIAN B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-28 1.150 1.655
2018-03-28 1.000 1.494
2018-02-28 1.000 1.839
2017-06-21 0.750 1.485

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

  • Whilst dividend payments have been stable, Fastighets AB Trianon has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Fastighets AB Trianon only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Fastighets AB Trianon's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Fastighets AB Trianon'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 Fastighets AB Trianon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fastighets AB Trianon has a total score of 2/6, 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 Fastighets AB Trianon'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.
  • Fastighets AB Trianon has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Fastighets AB Trianon insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
05. Mar 19 Buy ANNA HEIDE Individual 05. Mar 19 05. Mar 19 14,500 SEK67.00 SEK971,500
05. Mar 19 Buy Marie-Louise Hedbys Individual 05. Mar 19 05. Mar 19 14,500 SEK67.00 SEK971,500
19. Nov 18 Buy Boris Lennerhov Individual 13. Nov 18 13. Nov 18 3,000 SEK67.20 SEK201,600
13. Nov 18 Buy Olof Andersson Forvaltnings Ab Company 13. Nov 18 13. Nov 18 15,000 SEK66.00 SEK990,000
13. Nov 18 Buy Briban Invest AB Company 13. Nov 18 13. Nov 18 15,000 SEK66.00 SEK990,000
10. Sep 18 Buy Sofie Karlsryd Individual 29. Aug 18 29. Aug 18 208 SEK69.40 SEK14,435
21. May 18 Buy ANNA HEIDE Individual 21. May 18 21. May 18 545 SEK73.00 SEK39,785
21. May 18 Buy ANNA HEIDE Individual 16. May 18 16. May 18 560 SEK71.20 SEK39,872
26. Mar 18 Sell Ebba Leijonhufvud Individual 22. Mar 18 26. Mar 18 -1,778 SEK53.80 SEK-95,643
21. Mar 18 Sell Ebba Leijonhufvud Individual 21. Mar 18 21. Mar 18 -17 SEK48.58 SEK-826
X
Management checks
We assess Fastighets AB Trianon'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. Fastighets AB Trianon 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

What Kind Of Investor Owns Most Of Fastighets AB Trianon (publ) (STO:TRIAN B)?

The big shareholder groups in Fastighets AB Trianon (publ) (STO:TRIAN B) have power over the company. … With a market capitalization of kr2.2b, Fastighets AB Trianon is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Fastighets AB Trianon

Simply Wall St -

Company Info

Description

Fastighets AB Trianon (publ), a real estate company, acquires, develops, builds, owns, manages, and sells residential and commercial properties in Sweden. As of December 31, 2017, the company’s property portfolio consisted of 46 properties located in Malmö city centre, Limhamn/Slottsstaden, Lindängen/Hermodsdal, Rosengård, and Oxie. It also has a lettable area of approximately 220,890 square meters. The company was founded in 1973 and is based in Malmö, Sweden. Fastighets AB Trianon (publ) is a subsidiary of Olof Andersson Forvaltnings Ab.

Details
Name: Fastighets AB Trianon (publ)
TRIAN B
Exchange: OM
Founded: 1973
SEK2,474,316,000
34,365,500
Website: http://www.trianon.se
Address: Fastighets AB Trianon (publ)
Västra Kanalgatan 5,
Malmö,
Skåne County, 211 41,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM TRIAN B Class B Shares OMX Nordic Exchange Stockholm SE SEK 21. Jun 2017
Number of employees
Current staff
Staff numbers
0
Fastighets AB Trianon employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 21:58
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/02/28
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.