Executive Summary
Dustin Group AB (publ) offers online IT products and services in the Nordic region and the Netherlands. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Share Price & News
How has Dustin Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DUST is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: DUST's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
5.6%
DUST
1.4%
SE Online Retail
0.8%
SE Market
1 Year Return
0.7%
DUST
100.5%
SE Online Retail
17.1%
SE Market
Return vs Industry: DUST underperformed the Swedish Online Retail industry which returned 96.3% over the past year.
Return vs Market: DUST underperformed the Swedish Market which returned 15.2% over the past year.
Shareholder returns
| DUST | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.6% | 1.4% | 0.8% |
| 30 Day | 16.3% | 4.9% | 6.5% |
| 90 Day | 18.5% | 16.7% | 11.2% |
| 1 Year | 4.2%0.7% | 112.8%100.5% | 20.2%17.1% |
| 3 Year | 8.4%-5.5% | 42.2%14.0% | 49.8%32.0% |
| 5 Year | 47.5%19.5% | 147.8%128.1% | 90.7%50.3% |
Long-Term 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
1 week ago | Simply Wall St
Dustin Group AB (publ)'s (STO:DUST) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?3 weeks ago | Simply Wall St
What We Learned About Dustin Group's (STO:DUST) CEO Pay1 month ago | Simply Wall St
Is Dustin Group AB (publ) (STO:DUST) Trading At A 31% Discount?Valuation
Is Dustin Group undervalued compared to its fair value and its price relative to the market?
26.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DUST (SEK75) is trading below our estimate of fair value (SEK101.78)
Significantly Below Fair Value: DUST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DUST is good value based on its PE Ratio (23.6x) compared to the XE Online Retail industry average (38.9x).
PE vs Market: DUST's PE Ratio (23.6x) is in line with the Swedish market.
Price to Earnings Growth Ratio
PEG Ratio: DUST is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: DUST is good value based on its PB Ratio (2.6x) compared to the SE Online Retail industry average (5.8x).
Next Steps
Future Growth
How is Dustin Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
24.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DUST's forecast earnings growth (24.1% per year) is above the savings rate (0.4%).
Earnings vs Market: DUST's earnings (24.1% per year) are forecast to grow faster than the Swedish market (11.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DUST's revenue (5.1% per year) is forecast to grow faster than the Swedish market (3.4% per year).
High Growth Revenue: DUST's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DUST's Return on Equity is forecast to be low in 3 years time (17.2%).
Next Steps
Past Performance
How has Dustin Group performed over the past 5 years?
10.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DUST has high quality earnings.
Growing Profit Margin: DUST's current net profit margins (2.1%) are lower than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: DUST's earnings have grown by 10% per year over the past 5 years.
Accelerating Growth: DUST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DUST had negative earnings growth (-14.9%) over the past year, making it difficult to compare to the Online Retail industry average (45.5%).
Return on Equity
High ROE: DUST's Return on Equity (11.1%) is considered low.
Next Steps
Financial Health
How is Dustin Group's financial position?
Financial Position Analysis
Short Term Liabilities: DUST's short term assets (SEK3.4B) exceed its short term liabilities (SEK3.1B).
Long Term Liabilities: DUST's short term assets (SEK3.4B) exceed its long term liabilities (SEK2.8B).
Debt to Equity History and Analysis
Debt Level: DUST's debt to equity ratio (83.9%) is considered high.
Reducing Debt: DUST's debt to equity ratio has increased from 67.3% to 83.9% over the past 5 years.
Debt Coverage: DUST's debt is well covered by operating cash flow (42.6%).
Interest Coverage: DUST's interest payments on its debt are well covered by EBIT (7.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Dustin Group current dividend yield, its reliability and sustainability?
2.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DUST's dividend (2.93%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).
High Dividend: DUST's dividend (2.93%) is low compared to the top 25% of dividend payers in the Swedish market (3.42%).
Stability and Growth of Payments
Stable Dividend: DUST has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DUST's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.2%), 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 (62.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Thomas Ekman (51 yo)
3yrs
Tenure
kr9,100,000
Compensation
Mr. Thomas Ekman served as Chief Executive Officer of Ixat Intressenter AB (publ) from 2016 to 2017. Mr. Ekman is Chief Executive Officer of Dustin AB since 2018. He is the President and Chief Executive Of...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD1.10M) is above average for companies of similar size in the Swedish market ($USD742.59K).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 3yrs | kr9.10m | 0.046% SEK 3.0m | |
| CFO & Executive VP of Business Support | 12yrs | no data | 0.37% SEK 24.4m | |
| Head of Investor Relations | 4.67yrs | no data | no data | |
| Head of Legal | no data | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Executive Vice President of Marketing & Communication | 0.42yr | no data | no data | |
| Executive Vice President of Human Resources | 0.42yr | no data | no data | |
| Executive Vice President of Large Corporate & Public Nordic | 4.58yrs | no data | 0.20% SEK 13.5m | |
| Executive Vice President of Netherlands | 0.42yr | no data | 0.011% SEK 751.0k | |
| Head of Reporting & Internal Control | no data | no data | no data | |
| Executive Vice President of SMB Nordic | no data | no data | 0.073% SEK 4.8m | |
| Executive Vice President of Supply Chain | no data | no data | 0.0070% SEK 464.7k |
3.0yrs
Average Tenure
44.5yo
Average Age
Experienced Management: DUST's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 8yrs | kr345.00k | 0% SEK 0 | |
| Chairman | 3.08yrs | kr680.00k | no data | |
| Independent Director | 5yrs | kr375.00k | 0% SEK 0 | |
| Independent Director | 15yrs | kr315.00k | 0% SEK 0 | |
| Director | 0.083yr | no data | no data | |
| Director | 0.083yr | no data | no data | |
| Independent Director | 3.08yrs | kr375.00k | no data | |
| Director | 5yrs | kr425.00k | no data |
4.0yrs
Average Tenure
55yo
Average Age
Experienced Board: DUST's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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.
Top Shareholders
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: kr6.657b
- Shares outstanding: 88.65m
- Website: https://www.dustingroup.com
Number of Employees
Location
- Dustin Group AB (publ)
- AugustendalsvAegen 7
- Nacka
- 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 |
| DUSX.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 2015 |
Biography
Dustin Group AB (publ) offers online IT products and services in the Nordic region and the Netherlands. It operates through three segments: Small and Medium-sized Businesses, Large Corporate and Public Sec...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 19:19 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/11/30 |
| Annual Earnings | 2020/08/31 |
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.