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Fenix Outdoor International

Executive Summary

Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily in Sweden, other Nordic countries, Germany, Benelux, other Europe, the Americas, Switzerland, and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Fenix Outdoor International's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

11.2%

FOI B

3.5%

SE Specialty Retail

2.6%

SE Market


1 Year Return

-8.9%

FOI B

-13.6%

SE Specialty Retail

6.0%

SE Market

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

Return vs Market: FOI B underperformed the Swedish Market which returned 6% over the past year.


Shareholder returns

FOI BIndustryMarket
7 Day11.2%3.5%2.6%
30 Day3.0%-8.5%0.7%
90 Day55.9%27.7%25.9%
1 Year-8.9%-8.9%-11.6%-13.6%7.5%6.0%
3 Year3.3%1.0%-22.6%-32.8%20.5%7.7%
5 Year166.7%155.4%-43.9%-54.2%37.8%10.6%

Price Volatility Vs. Market

How volatile is Fenix Outdoor International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fenix Outdoor International undervalued compared to its fair value and its price relative to the market?

45.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FOI B (SEK904) is trading below our estimate of fair value (SEK1649.95)

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


Price To Earnings Ratio

PE vs Industry: FOI B is poor value based on its PE Ratio (23.3x) compared to the Specialty Retail industry average (17x).

PE vs Market: FOI B is poor value based on its PE Ratio (23.3x) compared to the Swedish market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: FOI B is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: FOI B is overvalued based on its PB Ratio (3.6x) compared to the SE Specialty Retail industry average (2.3x).


Next Steps

Future Growth

How is Fenix Outdoor International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOI B's forecast earnings growth (24% per year) is above the savings rate (0.5%).

Earnings vs Market: FOI B's earnings (24% per year) are forecast to grow faster than the Swedish market (17.3% per year).

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

Revenue vs Market: FOI B's revenue (3.9% per year) is forecast to grow slower than the Swedish market (6.2% per year).

High Growth Revenue: FOI B's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FOI B's Return on Equity is forecast to be low in 3 years time (18.5%).


Next Steps

Past Performance

How has Fenix Outdoor International performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FOI B has high quality earnings.

Growing Profit Margin: FOI B's current net profit margins (8.2%) are lower than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: FOI B's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: FOI 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: FOI B had negative earnings growth (-26.8%) over the past year, making it difficult to compare to the Specialty Retail industry average (-3.9%).


Return on Equity

High ROE: FOI B's Return on Equity (15.5%) is considered low.


Next Steps

Financial Health

How is Fenix Outdoor International's financial position?


Financial Position Analysis

Short Term Liabilities: FOI B's short term assets (€301.4M) exceed its short term liabilities (€113.8M).

Long Term Liabilities: FOI B's short term assets (€301.4M) exceed its long term liabilities (€119.2M).


Debt to Equity History and Analysis

Debt Level: FOI B's debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: FOI B's debt to equity ratio has reduced from 45.8% to 7% over the past 5 years.

Debt Coverage: FOI B's debt is well covered by operating cash flow (263.1%).

Interest Coverage: FOI B's interest payments on its debt are well covered by EBIT (32.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Fenix Outdoor International current dividend yield, its reliability and sustainability?

1.70%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FOI 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 FOI 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 FOI B's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: FOI 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 FOI 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?

2.3yrs

Average management tenure


CEO

Martin Nordin (58yo)

18.5yrs

Tenure

€763,000

Compensation

Mr. Martin Nordin serves as the Managing Director at HANWAG GmbH. Mr. Nordin has served as Executive Chairman since April 2018 and CEO of Fenix Outdoor AB since 2002. He serves as Executive Chairman & Dire ...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD857.79K) is about average for companies of similar size in the Swedish market ($USD914.26K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Martin Nordin
Executive Chairman & CEO18.5yrs€763.00k1.82% 219.3m
Susanne Nordin
Senior Executive & Director4.5yrs€192.00kno data
Alexander Koska
President2.25yrs€495.00k0.0075% 904.5k
Thomas Lindberg
Chief Financial Officerno datano data0.0083% 994.9k
Martin Axelhed
Executive Vice President2.25yrsno data0.045% 5.4m

2.3yrs

Average Tenure

54yo

Average Age

Experienced Management: FOI B's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Nordin
Executive Chairman & CEO18.5yrs€763.00k1.82% 219.3m
Susanne Nordin
Senior Executive & Director4.5yrs€192.00kno data
Sven Stork
Permanent Honorary Member of Board of Directors2.5yrsno datano data
Rolf Schmid
Directorno data€65.00kno data
Ulf Gustafsson
Director7.17yrs€67.00kno data
Mats Olsson
Independent Director34.5yrs€18.00kno data
Sebastian von Wallwitz
Director4.5yrs€18.00k0.00075% 90.4k

4.5yrs

Average Tenure

61yo

Average Age

Experienced Board: FOI B's board of directors are considered experienced (4.5 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Fenix Outdoor International AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fenix Outdoor International AG
  • Ticker: FOI B
  • Exchange: OM
  • Founded:
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: kr12.060b
  • Shares outstanding: 13.34m
  • Website: https://www.fenixoutdoor.se

Number of Employees


Location

  • Fenix Outdoor International AG
  • Weidstrasse 1a
  • Zug
  • Zug
  • 6300
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FOI BOM (OMX Nordic Exchange Stockholm)YesClass B Ordinary SharesSESEKJun 2014
FOIBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B Ordinary SharesGBSEKJun 2014
0QVELSE (London Stock Exchange)YesClass B Ordinary SharesGBSEKJun 2014
FNXT.FOTCPK (Pink Sheets LLC)YesClass B Ordinary SharesUSUSDJun 2014

Biography

Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily in Sweden, other Nordic countries, Germany, Benelux, other Europe, the Americas, Switzerland, and internationally. The company operates through three segments: Brands, Global Sales, and Frilufts. It offers apparels, daypacks, backpacks, sleeping bags, tents, stoves, bags, outdoor shoes and boots, and navigation equipment, as well as accessories. The company sells its products under the Fjällräven, Tierra, Primus, Hanwag, Brunton, and Royal Robbins brand names through 80 stores, including 34 in Sweden, 19 in Finland, 17 in Germany, and 10 in Denmark; and 3 branded retail stores in Europe and 34 branded retail stores in North America, as well as e-commerce stores. Fenix Outdoor International AG is based in Zug, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 20:52
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.