Executive Summary
Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily in Sweden, other Nordic countries, Benelux, Europe, North America, and internationally.
Rewards
Risk Analysis
No risks detected for FOI B from our risk checks.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.4%
FOI B
1.4%
SE Specialty Retail
1.4%
SE Market
1 Year Return
18.2%
FOI B
36.6%
SE Specialty Retail
25.4%
SE Market
Return vs Industry: FOI B underperformed the Swedish Specialty Retail industry which returned 36.9% over the past year.
Return vs Market: FOI B underperformed the Swedish Market which returned 26.1% over the past year.
Shareholder returns
| FOI B | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 1.4% | 1.4% |
| 30 Day | -3.4% | -3.1% | 1.8% |
| 90 Day | 13.8% | -7.0% | 7.7% |
| 1 Year | 19.8%18.2% | 44.0%36.6% | 30.6%25.4% |
| 3 Year | 42.2%37.8% | -8.2%-22.3% | 38.7%17.4% |
| 5 Year | 172.3%158.0% | -26.0%-41.4% | 54.6%21.3% |
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
2 days ago | Simply Wall St
Is Fenix Outdoor International AG's (STO:FOI B) CEO Salary Justified?2 weeks ago | Simply Wall St
Don't Sell Fenix Outdoor International AG (STO:FOI B) Before You Read This4 weeks ago | Simply Wall St
Do Insiders Own Shares In Fenix Outdoor International AG (STO:FOI B)?Valuation
Is Fenix Outdoor International undervalued compared to its fair value and its price relative to the market?
22.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FOI B (SEK1048) is trading below our estimate of fair value (SEK1324.4)
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 (19.5x) compared to the Specialty Retail industry average (15x).
PE vs Market: FOI B is good value based on its PE Ratio (19.2x) compared to the Swedish market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: FOI B is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: FOI B is overvalued based on its PB Ratio (4.2x) compared to the SE Specialty Retail industry average (2.7x).
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?
9.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FOI B's forecast earnings growth (9.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: FOI B's earnings (9.6% per year) are forecast to grow slower than the Swedish market (9.7% per year).
High Growth Earnings: FOI B's earnings are forecast to grow, but not significantly.
Revenue vs Market: FOI B's revenue (3.8% per year) is forecast to grow slower than the Swedish market (4.4% per year).
High Growth Revenue: FOI B's revenue (3.8% 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 (19.9%).
Next Steps
Past Performance
How has Fenix Outdoor International performed over the past 5 years?
24.8%
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 (11.5%) are lower than last year (12.2%).
Past Earnings Growth Analysis
Earnings Trend: FOI B's earnings have grown significantly by 24.8% 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 (-0.8%) over the past year, making it difficult to compare to the Specialty Retail industry average (-1.6%).
Return on Equity
High ROE: FOI B's Return on Equity (21.6%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Fenix Outdoor International's financial position?
Financial Position Analysis
Short Term Liabilities: FOI B's short term assets (€308.4M) exceed its short term liabilities (€112.3M).
Long Term Liabilities: FOI B's short term assets (€308.4M) exceed its long term liabilities (€118.4M).
Debt to Equity History and Analysis
Debt Level: FOI B's debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: FOI B's debt to equity ratio has reduced from 20.7% to 8.2% over the past 5 years.
Debt Coverage: FOI B's debt is well covered by operating cash flow (206.3%).
Interest Coverage: FOI B earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: FOI B has a high level of physical assets or inventory.
Debt Coverage by Assets: FOI B's debt is covered by short term assets (assets are 11.8x debt).
Next Steps
Dividend
What is Fenix Outdoor International's current dividend yield, its reliability and sustainability?
1.20%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FOI B's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.57%).
High Dividend: FOI B's dividend (1.18%) is low compared to the top 25% of dividend payers in the Swedish market (4.45%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FOI B has been paying a dividend for less than 10 years.
Growing Dividend: FOI B's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.9%), FOI B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FOI B's dividends in 3 years are forecast to be well covered by earnings (28.7% payout ratio).
Next Steps
Management
What is the CEO of Fenix Outdoor International's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
Martin Nordin (57yo)
18yrs
Tenure
€755,000
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 ($USD839.92K) is about average for companies of similar size in the Swedish market ($USD727.33K).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.8yrs
Average Tenure
53yo
Average Age
Experienced Management: FOI B's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Age and Tenure
4.0yrs
Average Tenure
60yo
Average Age
Experienced Board: FOI B's board of directors are considered experienced (4 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Martin Nordin (57yo)
Executive Chairman & CEO
- Tenure: 18yrs
- Compensation: €755.00k
Thomas Lindberg (56yo)
Chief Financial Officer
Martin Axelhed (43yo)
Executive Vice President
- Tenure: 1.8yrs
Alex Koska (53yo)
President
- Tenure: 1.8yrs
- Compensation: €495.00k
Susanne Nordin (53yo)
Senior Executive & Director
- Tenure: 4yrs
Board Members
Sven Stork (79yo)
Permanent Honorary Member of Board of Directors
- Tenure: 2yrs
Rolf Schmid (60yo)
Director
Martin Nordin (57yo)
Executive Chairman & CEO
- Tenure: 18yrs
- Compensation: €755.00k
Ulf Gustafsson (64yo)
Director
- Tenure: 6.7yrs
Mats Olsson (71yo)
Independent Director
- Tenure: 34yrs
Susanne Nordin (53yo)
Senior Executive & Director
- Tenure: 4yrs
Sebastian von Wallwitz (54yo)
Director
- Tenure: 4yrs
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: kr13.767b
- Shares outstanding: 13.34m
- Website: https://www.fenixoutdoor.se
Number of Employees
Location
- Fenix Outdoor International AG
- Industristrasse 6
- Zug
- Zug
- 6300
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FOI B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Ordinary Shares | SE | SEK | Jun 2014 |
| FOIBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Ordinary Shares | GB | SEK | Jun 2014 |
| 0QVE | LSE (London Stock Exchange) | Yes | Class B Ordinary Shares | GB | SEK | Jun 2014 |
| FNXT.F | OTCPK (Pink Sheets LLC) | Yes | Class B Ordinary Shares | US | USD | Jun 2014 |
Biography
Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily in Sweden, other Nordic countries, Benelux, Europe, North America, and internationally. The company operates through three segments: Brands, Global Sales, and Frilufts. It offers backpacks, sleeping bags, tents, stoves, lanterns, apparel, outdoor shoes and boots, and navigation equipment, as well as accessories. The company sells its products under the Fjällräven, Tierra, Primus, Hanwag, Brunton, Royal Robbins brand names through 74 stores, including 33 in Sweden, 19 in Finland, 12 in Germany, and 10 in Denmark, as well as 44 brand retail shops and e-commerce stores. Fenix Outdoor International AG is based in Zug, Switzerland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 22:00 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.