OM:CLAS B

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Executive Summary

Clas Ohlson AB (publ) operates as a retailing company in Sweden and internationally.


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Clas Ohlson's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CLAS B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.1%

CLAS B

3.5%

SE Specialty Retail

2.6%

SE Market


1 Year Return

14.6%

CLAS B

-13.6%

SE Specialty Retail

6.0%

SE Market

Return vs Industry: CLAS B exceeded the Swedish Specialty Retail industry which returned -13.6% over the past year.

Return vs Market: CLAS B exceeded the Swedish Market which returned 6% over the past year.


Shareholder returns

CLAS BIndustryMarket
7 Day2.1%3.5%2.6%
30 Day-3.5%-8.5%0.7%
90 Day44.7%27.7%25.9%
1 Year21.5%14.6%-11.6%-13.6%7.5%6.0%
3 Year-22.2%-35.0%-22.6%-32.8%20.5%7.7%
5 Year-10.9%-31.2%-43.9%-54.2%37.8%10.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Clas Ohlson undervalued compared to its fair value and its price relative to the market?

41.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLAS B (SEK105.3) is trading below our estimate of fair value (SEK180.35)

Significantly Below Fair Value: CLAS B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLAS B is poor value based on its PE Ratio (17.7x) compared to the Specialty Retail industry average (17x).

PE vs Market: CLAS B is good value based on its PE Ratio (17.7x) compared to the Swedish market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: CLAS B is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: CLAS B is overvalued based on its PB Ratio (3.8x) compared to the SE Specialty Retail industry average (2.3x).


Next Steps

Future Growth

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

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLAS B's forecast earnings growth (6.6% per year) is above the savings rate (0.5%).

Earnings vs Market: CLAS B's earnings (6.6% per year) are forecast to grow slower than the Swedish market (17.3% per year).

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

Revenue vs Market: CLAS B's revenue (0.3% per year) is forecast to grow slower than the Swedish market (6.2% per year).

High Growth Revenue: CLAS B's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLAS B's Return on Equity is forecast to be high in 3 years time (21.3%)


Next Steps

Past Performance

How has Clas Ohlson performed over the past 5 years?

-16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLAS B has high quality earnings.

Growing Profit Margin: CLAS B's current net profit margins (4.3%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: CLAS B's earnings have declined by -16.6% per year over the past 5 years.

Accelerating Growth: CLAS B's earnings growth over the past year (416.1%) exceeds its 5-year average (-16.6% per year).

Earnings vs Industry: CLAS B earnings growth over the past year (416.1%) exceeded the Specialty Retail industry -3.9%.


Return on Equity

High ROE: CLAS B's Return on Equity (21.3%) is considered high.


Next Steps

Financial Health

How is Clas Ohlson's financial position?


Financial Position Analysis

Short Term Liabilities: CLAS B's short term assets (SEK2.1B) do not cover its short term liabilities (SEK2.1B).

Long Term Liabilities: CLAS B's short term assets (SEK2.1B) exceed its long term liabilities (SEK1.9B).


Debt to Equity History and Analysis

Debt Level: CLAS B's debt to equity ratio (3.8%) is considered satisfactory.

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

Debt Coverage: CLAS B's debt is well covered by operating cash flow (1910.6%).

Interest Coverage: CLAS B's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Clas Ohlson current dividend yield, its reliability and sustainability?

5.94%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Lotta Lyrå (45yo)

2.92yrs

Tenure

kr10,800,000

Compensation

Mrs. Lotta Lyrå, MSc Econ., has been President and Chief Executive Officer at Clas Ohlson AB (publ) since August 1, 2017. She was previously employed as Head of Productivity for the Group at Södra Skogsäga ...


CEO Compensation Analysis

Compensation vs Market: Lotta's total compensation ($USD1.16M) is above average for companies of similar size in the Swedish market ($USD815.59K).

Compensation vs Earnings: Lotta's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lotta Lyrå
President & CEO2.92yrskr10.80m0.034% SEK2.3m
Pär Christiansen
Chief Financial Officer2yrsno data0.017% SEK1.2m
Tina Englyst
Head of Legal & Sustainabilityno datano data0.00063% SEK42.0k
Niklas Carlsson
Group Head of Communicationsno datano datano data
Lars Andréason
Director of Sales & Communications9.08yrsno datano data
Jesper Smith
HR Director3.5yrsno data0.0069% SEK458.2k
Anna Ingmarsson
Head of Merchandiserno datano datano data
Sophia Bonnevier
Head of B2B6.08yrsno datano data
Peder Apelgren
Chief Digital Officer1.5yrsno data0.0020% SEK134.1k
Åse Holmberg
Interim Chief Commercial Officer1.5yrsno datano data

2.9yrs

Average Tenure

47yo

Average Age

Experienced Management: CLAS B's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kenneth Bengtsson
Independent Chairman of the Board5.83yrskr760.00k0.11% SEK7.1m
Göran Näsholm
Independent Director4.83yrskr380.00k0.080% SEK5.3m
Charlotte Strömberg
Independent Director2.83yrskr400.00k0.0079% SEK526.2k
Håkan Lundstedt
Independent Director1.83yrskr400.00kno data
Göran Sundström
Director5.83yrskr460.00k0.0063% SEK421.5k
Margareta Lehmann
Independent Director1.83yrskr320.00k0.0071% SEK473.5k
Lasse Zwetsloot
Employee Representative Director8.5yrsno data0.0024% SEK163.4k
Mathias Haid
Director4.83yrskr380.00k7.53% SEK502.1m
Anne Sjöberg
Independent Director2.83yrskr320.00k0.0066% SEK442.2k
Caroline Östning
Employee Representative Director2.5yrsno datano data

3.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: CLAS B's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Clas Ohlson AB (publ)
  • Ticker: CLAS B
  • Exchange: OM
  • Founded: 1918
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Market Cap: kr6.669b
  • Shares outstanding: 63.34m
  • Website: https://www.clasohlson.com

Number of Employees


Location

  • Clas Ohlson AB (publ)
  • Leksand
  • Insjön
  • Dalarna County
  • 793 85
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLAS BOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKOct 1999
0GQELSE (London Stock Exchange)YesSeries B SharesGBSEKOct 1999
CLASBsBATS-CHIXE (BATS 'Chi-X Europe')YesSeries B SharesGBSEKOct 1999
OHCBDB (Deutsche Boerse AG)YesSeries B SharesDEEUROct 1999

Biography

Clas Ohlson AB (publ) operates as a retailing company in Sweden and internationally. It offers hardware, electrical, multimedia, home, and leisure products, as well as spare parts and accessories. The company sells its products through its stores, as well as through online shopping and catalogue sales. As of April 30, 2019, it operated 97 stores in Sweden, 90 in Norway, 42 in Finland, and 3 in the United Kingdom. Clas Ohlson AB (publ) was founded in 1918 and is headquartered in Insjön, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 20:54
End of Day Share Price2020/07/03 00:00
Earnings2020/04/30
Annual Earnings2020/04/30


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.