Snowflake Score | |
---|---|
Valuation | 5/6 |
Future Growth | 2/6 |
Past Performance | 2/6 |
Financial Health | 5/6 |
Dividends | 3/6 |
MEKO Stock Overview
Mekonomen AB (publ) operates and develops business in the automotive aftermarket in Sweden, Norway, Denmark, Poland, and Finland.
Mekonomen Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | kr111.80 |
52 Week High | kr182.80 |
52 Week Low | kr98.30 |
Beta | 1.33 |
1 Month Change | -5.89% |
3 Month Change | -2.61% |
1 Year Change | -27.54% |
3 Year Change | 51.39% |
5 Year Change | -34.24% |
Change since IPO | -8.92% |
Recent News & Updates
Shareholder Returns
MEKO | SE Specialty Retail | SE Market | |
---|---|---|---|
7D | -4.6% | -3.3% | 0.05% |
1Y | -27.5% | -36.9% | -12.2% |
Return vs Industry: MEKO exceeded the Swedish Specialty Retail industry which returned -37.9% over the past year.
Return vs Market: MEKO underperformed the Swedish Market which returned -12.7% over the past year.
Price Volatility
MEKO volatility | |
---|---|
MEKO Average Weekly Movement | 5.6% |
Specialty Retail Industry Average Movement | 6.2% |
Market Average Movement | 7.6% |
10% most volatile stocks in SE Market | 12.8% |
10% least volatile stocks in SE Market | 4.9% |
Stable Share Price: MEKO is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MEKO's weekly volatility (6%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1973 | 5,115 | Pehr Oscarson | https://www.mekonomen.com |
Mekonomen AB (publ) operates and develops business in the automotive aftermarket in Sweden, Norway, Denmark, Poland, and Finland. It provides spare parts, consumables, and tools, as well as workshop services and car accessories under the ProMeister and Carwise brand. The company offers a range of solutions and products for the consumers and companies through its branches, affiliated workshops, and wholesale and logistics operations.
Mekonomen Fundamentals Summary
MEKO fundamental statistics | |
---|---|
Market Cap | kr6.30b |
Earnings (TTM) | kr586.00m |
Revenue (TTM) | kr12.72b |
10.7x
P/E Ratio0.5x
P/S RatioIs MEKO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MEKO income statement (TTM) | |
---|---|
Revenue | kr12.72b |
Cost of Revenue | kr6.75b |
Gross Profit | kr5.97b |
Other Expenses | kr5.38b |
Earnings | kr586.00m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 24, 2022
Earnings per share (EPS) | 10.40 |
Gross Margin | 46.93% |
Net Profit Margin | 4.61% |
Debt/Equity Ratio | 58.7% |
How did MEKO perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield29%
Payout RatioValuation
Is Mekonomen undervalued compared to its fair value and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MEKO (SEK111.8) is trading below our estimate of fair value (SEK412.23)
Significantly Below Fair Value: MEKO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MEKO is good value based on its PE Ratio (10.7x) compared to the Swedish Specialty Retail industry average (16.4x).
PE vs Market: MEKO is good value based on its PE Ratio (10.7x) compared to the Swedish market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: MEKO is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: MEKO is good value based on its PB Ratio (1.2x) compared to the SE Specialty Retail industry average (2.7x).
Future Growth
How is Mekonomen forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEKO's forecast earnings growth (9.8% per year) is above the savings rate (0.3%).
Earnings vs Market: MEKO's earnings (9.8% per year) are forecast to grow faster than the Swedish market (9.7% per year).
High Growth Earnings: MEKO's earnings are forecast to grow, but not significantly.
Revenue vs Market: MEKO's revenue (2.2% per year) is forecast to grow slower than the Swedish market (5.8% per year).
High Growth Revenue: MEKO's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MEKO's Return on Equity is forecast to be low in 3 years time (12.2%).
Past Performance
How has Mekonomen performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
13.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEKO has high quality earnings.
Growing Profit Margin: MEKO's current net profit margins (4.6%) are lower than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: MEKO's earnings have grown by 13.7% per year over the past 5 years.
Accelerating Growth: MEKO's earnings growth over the past year (6.2%) is below its 5-year average (13.7% per year).
Earnings vs Industry: MEKO earnings growth over the past year (6.2%) underperformed the Specialty Retail industry 35.7%.
Return on Equity
High ROE: MEKO's Return on Equity (11%) is considered low.
Financial Health
How is Mekonomen's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MEKO's short term assets (SEK5.7B) exceed its short term liabilities (SEK3.4B).
Long Term Liabilities: MEKO's short term assets (SEK5.7B) exceed its long term liabilities (SEK4.5B).
Debt to Equity History and Analysis
Debt Level: MEKO's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: MEKO's debt to equity ratio has reduced from 73.7% to 58.7% over the past 5 years.
Debt Coverage: MEKO's debt is well covered by operating cash flow (28.6%).
Interest Coverage: MEKO's interest payments on its debt are well covered by EBIT (8.7x coverage).
Balance Sheet
Dividend
What is Mekonomen current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MEKO's dividend (2.68%) is higher than the bottom 25% of dividend payers in the Swedish market (1.46%).
High Dividend: MEKO's dividend (2.68%) is low compared to the top 25% of dividend payers in the Swedish market (4.88%).
Stability and Growth of Payments
Stable Dividend: MEKO's dividend payments have been volatile in the past 10 years.
Growing Dividend: MEKO's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.7%), MEKO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (19.4%), MEKO's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Pehr Oscarson (58 yo)
5.17yrs
Tenure
kr9,835,000
Compensation
Mr. Pehr Oscarson has been the Chief Executive Officer and President of Mekonomen AB since March 1, 2017 and served as its Acting President and Chief Executive Officer from October 6, 2016 to March 1, 2017...
CEO Compensation Analysis
Compensation vs Market: Pehr's total compensation ($USD1.00M) is above average for companies of similar size in the Swedish market ($USD707.22K).
Compensation vs Earnings: Pehr's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: MEKO's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: MEKO's board of directors are considered experienced (5.1 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
Mekonomen AB (publ)'s employee growth, exchange listings and data sources
Key Information
- Name: Mekonomen AB (publ)
- Ticker: MEKO
- Exchange: OM
- Founded: 1973
- Industry: Automotive Retail
- Sector: Retail
- Implied Market Cap: kr6.297b
- Shares outstanding: 56.32m
- Website: https://www.mekonomen.com
Number of Employees
Location
- Mekonomen AB (publ)
- SolnavAegen 4
- 11th Floor
- Stockholm
- Stockholm County
- Sweden
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/23 00:00 |
End of Day Share Price | 2022/05/23 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.