Wästbygg Gruppen (OM:WBGR B) - Share price, News & Analysis

WBGR B fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	5/6
Dividends	3/6

WBGR B Stock Overview

Wästbygg Gruppen AB (publ) operates as a construction and project development company in Sweden.

Rewards

PE ratio (14x) is below the Swedish market (17.6x)

Earnings are forecast to grow 23.2% per year

Risk Analysis

High level of non-cash earnings

Dividend of 4.85% is not well covered by earnings

Profit margins (4.1%) are lower than last year (7.8%)

Wästbygg Gruppen Competitors

ALM Equity

OM:ALM

kr9.5b

Skanska

OM:SKA B

kr68.6b

Strabag

WBAG:STR

€4.1b

Peab

OM:PEAB B

kr21.3b

Price History & Performance

Summary of all time highs, changes and price drops for Wästbygg Gruppen
Historical stock prices
Current Share Price	kr72.20
52 Week High	kr110.00
52 Week Low	kr71.40
Beta	0
1 Month Change	-21.52%
3 Month Change	-27.44%
1 Year Change	-32.40%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-31.89%

Shareholder Returns

	WBGR B	SE Real Estate	SE Market
7D	-5.5%	5.2%	0.3%
1Y	-32.4%	-4.6%	-8.8%

Return vs Industry: WBGR B underperformed the Swedish Real Estate industry which returned -4.6% over the past year.

Return vs Market: WBGR B underperformed the Swedish Market which returned -12.7% over the past year.

Price Volatility

Is WBGR B's price volatile compared to industry and market?
WBGR B volatility
WBGR B Average Weekly Movement	3.9%
Real Estate Industry Average Movement	5.6%
Market Average Movement	7.9%
10% most volatile stocks in SE Market	13.0%
10% least volatile stocks in SE Market	4.9%

Stable Share Price: WBGR B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WBGR B's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1981	535	n/a	https://wastbygg.se

Wästbygg Gruppen AB (publ) operates as a construction and project development company in Sweden. It operates through three segments: Residential, Commercial, and Logistics and Industry. The Residential segment develops multi-dwelling buildings, such as condominiums and rental apartments; and student housings.

Wästbygg Gruppen Fundamentals Summary

How do Wästbygg Gruppen's earnings and revenue compare to its market cap?
WBGR B fundamental statistics
Market Cap	kr2.35b
Earnings (TTM)	kr168.00m
Revenue (TTM)	kr4.10b

14.0x

P/E Ratio

0.6x

P/S Ratio

Is WBGR B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
WBGR B income statement (TTM)
Revenue	kr4.10b
Cost of Revenue	kr3.64b
Gross Profit	kr459.00m
Other Expenses	kr291.00m
Earnings	kr168.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 23, 2022

Earnings per share (EPS)	5.15
Gross Margin	11.21%
Net Profit Margin	4.10%
Debt/Equity Ratio	71.9%

How did WBGR B perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

68%

Payout Ratio

Valuation

Is Wästbygg Gruppen undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

14.01x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: WBGR B (SEK72.2) is trading above our estimate of fair value (SEK69.74)

Significantly Below Fair Value: WBGR B is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: WBGR B is poor value based on its PE Ratio (14x) compared to the Swedish Real Estate industry average (5.7x).

PE vs Market: WBGR B is good value based on its PE Ratio (14x) compared to the Swedish market (17.6x).

Price to Earnings Growth Ratio

PEG Ratio: WBGR B is good value based on its PEG Ratio (0.6x)

Price to Book Ratio

PB vs Industry: WBGR B is overvalued based on its PB Ratio (1.3x) compared to the SE Real Estate industry average (1x).

Future Growth

How is Wästbygg Gruppen forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WBGR B's forecast earnings growth (23.2% per year) is above the savings rate (0.3%).

Earnings vs Market: WBGR B's earnings (23.2% per year) are forecast to grow faster than the Swedish market (9.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WBGR B's revenue (14.5% per year) is forecast to grow faster than the Swedish market (5.8% per year).

High Growth Revenue: WBGR B's revenue (14.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WBGR B's Return on Equity is forecast to be low in 3 years time (17.1%).

Past Performance

How has Wästbygg Gruppen performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

24.1%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: WBGR B's current net profit margins (4.1%) are lower than last year (7.8%).

Past Earnings Growth Analysis

Earnings Trend: WBGR B's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: WBGR 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: WBGR B had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Real Estate industry average (111.9%).

Return on Equity

High ROE: WBGR B's Return on Equity (9.6%) is considered low.

Financial Health

How is Wästbygg Gruppen's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: WBGR B's short term assets (SEK3.8B) exceed its short term liabilities (SEK1.9B).

Long Term Liabilities: WBGR B's short term assets (SEK3.8B) exceed its long term liabilities (SEK770.0M).

Debt to Equity History and Analysis

Debt Level: WBGR B's net debt to equity ratio (21.7%) is considered satisfactory.

Reducing Debt: WBGR B's debt to equity ratio has reduced from 119.8% to 71.9% over the past 5 years.

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

Interest Coverage: WBGR B's interest payments on its debt are well covered by EBIT (36.8x coverage).

Balance Sheet

Dividend

What is Wästbygg Gruppen current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WBGR B's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Swedish market (1.44%).

High Dividend: WBGR B's dividend (4.85%) is in the top 25% of dividend payers in the Swedish market (4.81%)

Stability and Growth of Payments

Stable Dividend: Too early to tell whether WBGR B's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if WBGR B's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (67.8%), WBGR B's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: WBGR B is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Wästbygg Gruppen has no CEO, or we have no data on them.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: WBGR B insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31