Executive Summary
Dustin Group AB (publ) offers online IT products and services in Sweden, Denmark, Finland, Norway, and the Netherlands.
Snowflake
Fundamentals
Mediocre balance sheet second-rate dividend payer.
Share Price & News
How has Dustin Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.1%
DUST
-0.2%
SE Online Retail
1.9%
SE Market
1 Year Return
-6.4%
DUST
-0.5%
SE Online Retail
9.6%
SE Market
Return vs Industry: DUST underperformed the Swedish Online Retail industry which returned -0.5% over the past year.
Return vs Market: DUST underperformed the Swedish Market which returned 9.6% over the past year.
Shareholder returns
| DUST | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | -0.2% | 1.9% |
| 30 Day | 0.6% | 1.6% | -0.3% |
| 90 Day | -5.0% | 4.4% | 0.7% |
| 1 Year | -0.1%-6.4% | 2.0%-0.5% | 14.3%9.6% |
| 3 Year | 39.7%21.7% | 14.6%4.7% | 31.5%11.9% |
| 5 Year | n/a | 121.0%112.4% | 66.2%30.8% |
Price Volatility Vs. Market
How volatile is Dustin Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall St
Why Dustin Group AB (publ)’s (STO:DUST) Return On Capital Employed Might Be A Concern11 months ago | Simply Wall St
Can Dustin Group AB (publ) (STO:DUST) Continue To Outperform Its Industry?1 year ago | Simply Wall St
What Do You Get For Owning Dustin Group AB (publ) (STO:DUST)?Valuation
Is Dustin Group undervalued compared to its fair value and its price relative to the market?
18.32x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: DUST (SEK75.45) is trading above our estimate of fair value (SEK57.89)
Significantly Undervalued: DUST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DUST is poor value based on its PE Ratio (18.3x) compared to the Online Retail industry average (17x).
PE vs Market: DUST is poor value based on its PE Ratio (18.3x) compared to the Swedish market (16.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: DUST is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: DUST is overvalued based on its PB Ratio (2.7x) compared to the SE Online Retail industry average (2.2x).
Next Steps
Future Growth
How is Dustin Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DUST's forecast earnings growth (10% per year) is above the savings rate (0.4%).
Earnings vs Market: DUST's earnings (10% per year) are forecast to grow faster than the Swedish market (8.9% per year).
High Growth Earnings: DUST's earnings are forecast to grow, but not significantly.
Revenue vs Market: DUST's revenue (4.5% per year) is forecast to grow slower than the Swedish market (4.5% per year).
High Growth Revenue: DUST's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: DUST's Return on Equity is forecast to be low in 3 years time (17.5%).
Next Steps
Past Performance
How has Dustin Group performed over the past 5 years?
19.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: DUST's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: DUST's earnings growth over the past year (16.7%) is below its 5-year average (19.7% per year).
Earnings vs Industry: DUST earnings growth over the past year (16.7%) exceeded the Online Retail industry 12.6%.
Return on Equity
High ROE: DUST's Return on Equity (14.5%) is considered low.
Return on Assets
ROA vs Industry: DUST's Return on Assets is below or equal to the Online Retail industry average last year.
Return on Capital Employed
ROCE Improving: DUST's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Dustin Group's financial position?
Financial Position Analysis
Short Term Liabilities: DUST's short term assets (SEK2.5B) do not cover its short term liabilities (SEK2.5B)
Long Term Liabilities: DUST's short term assets (2.5B) exceeds its long term liabilities (2.3B)
Debt to Equity History and Analysis
Debt Level: DUST's debt to equity ratio (92.5%) is considered high
Reducing Debt: DUST's debt to equity ratio has reduced from 181.1% to 92.5% over the past 5 years.
Debt Coverage: DUST's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: DUST's interest payments on its debt are well covered by EBIT (13.1x coverage).
Balance Sheet
Inventory Level: DUST has a low level of unsold assets or inventory.
Debt Coverage by Assets: DUST's debt is covered by short term assets (assets are 1.108530x debt).
Next Steps
Dividend
What is Dustin Group's current dividend yield, its reliability and sustainability?
3.98%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: DUST's dividend (3.98%) is higher than the bottom 25% of dividend payers in the Swedish market (1.79%).
High Dividend: DUST's dividend (3.98%) is low compared to the top 25% of dividend payers in the Swedish market (4.78%).
Stable Dividend: Whilst dividend payments have been stable, DUST has been paying a dividend for less than 10 years.
Growing Dividend: DUST's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.8%), DUST's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DUST's dividends in 3 years are forecast to be covered by earnings (63.2% payout ratio).
Next Steps
Management
What is the CEO of Dustin Group's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Thomas Ekman (50yo)
1.8yrs
Tenure
kr10,250,000
Compensation
Mr. Thomas Ekman served as Chief Executive Officer of Ixat Intressenter AB (publ) from 2016 to 2017. Mr. Ekman is President and Chief Executive Officer of Dustin AB since 2018. He is Chief Executive Office ...
CEO Compensation Analysis
Compensation vs. Market: Thomas has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Swedish market.
Compensation vs Earnings: Insufficient data to compare Thomas's compensation with company performance.
Management Age and Tenure
3.1yrs
Average Tenure
44yo
Average Age
Experienced Management: DUST's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
3.8yrs
Average Tenure
54yo
Average Age
Experienced Board: DUST's board of directors are considered experienced (3.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 95,000 |
| Max Price | kr75.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 57,686 |
| Max Price | kr1.60 |
| Entity | Company |
| Shares | 59,412 |
| Max Price | kr73.87 |
Ownership Breakdown
Management Team
Bo Lundevall
Founder & Co-Owner
- Tenure: 35.8yrs
Johan Karlsson (54yo)
CFO & VP Finance & Business Support
- Tenure: 10.8yrs
Thomas Ekman (50yo)
President
- Tenure: 1.8yrs
- Compensation: kr10.25m
Sara Edlund
Head of Legal
- Tenure: 0yrs
Eva Ernfors
Head of Information
- Tenure: 0yrs
Morten Nielsen (44yo)
Vice President of Group People Development
- Tenure: 3.1yrs
Mikael Svensson
Head of Reporting &Internal Control
- Tenure: 0yrs
Johansson Sätterström
Head of Investor Relations
- Tenure: 3.4yrs
Jenny Ring (41yo)
Vice President of Operations
- Tenure: 2.5yrs
Stephanie Forsblom (36yo)
Head of Corporate Responsibility & Acting VP of Group Communication
- Tenure: 1.6yrs
Board Members
Tomas Franzén (57yo)
Director
- Tenure: 6.8yrs
- Compensation: kr330.00k
Mia Livfors (54yo)
Chairman
- Tenure: 1.8yrs
- Compensation: kr660.00k
Gunnel Duveblad (64yo)
Director
- Tenure: 3.8yrs
- Compensation: kr350.00k
Mattias Miksche (51yo)
Director
- Tenure: 13.8yrs
- Compensation: kr300.00k
Caroline Berg (51yo)
Director
- Tenure: 2.8yrs
- Compensation: kr330.00k
Morten Strand (54yo)
Director
- Tenure: 1.8yrs
- Compensation: kr350.00k
Johan Fant (60yo)
Director
- Tenure: 3.8yrs
- Compensation: kr400.00k
Company Information
Dustin Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dustin Group AB (publ)
- Ticker: DUST
- Exchange: OM
- Founded: 1984
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: kr6.688b
- Shares outstanding: 88.65m
- Website: https://www.dustingroup.com
Number of Employees
Location
- Dustin Group AB (publ)
- Augustendalsvägen 7
- Nacka Strand
- Stockholm County
- 131 27
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DUST | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | Feb 2015 |
| DUSTs | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | SEK | Feb 2015 |
| 9DG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2015 |
| 0R5W | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | SEK | Feb 2015 |
Biography
Dustin Group AB (publ) offers online IT products and services in Sweden, Denmark, Finland, Norway, and the Netherlands. It operates through three segments: Small and Medium-sized Businesses, Large Corporat ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 21:51 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/08/31 |
| Annual Earnings | 2019/08/31 |
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.