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ENEA

Enea OM:ENEA Stock Report

Last Price

kr69.40

Market Cap

kr1.5b

7D

-5.6%

1Y

-67.2%

Updated

29 Sep, 2022

Data

Company Financials +
ENEA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends0/6

ENEA Stock Overview

Enea AB (publ) provides software products for telecommunication, cybersecurity, medical device, and aerospace industries worldwide.

Enea Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Enea
Historical stock prices
Current Share Pricekr69.40
52 Week Highkr293.50
52 Week Lowkr68.80
Beta0.98
1 Month Change-25.78%
3 Month Change-40.58%
1 Year Change-67.19%
3 Year Change-49.89%
5 Year Change-13.79%
Change since IPO350.65%

Recent News & Updates

Shareholder Returns

ENEASE ITSE Market
7D-5.6%-6.6%-3.3%
1Y-67.2%-27.4%-27.4%

Return vs Industry: ENEA underperformed the Swedish IT industry which returned -27.4% over the past year.

Return vs Market: ENEA underperformed the Swedish Market which returned -27.4% over the past year.

Price Volatility

Is ENEA's price volatile compared to industry and market?
ENEA volatility
ENEA Average Weekly Movement7.9%
IT Industry Average Movement7.2%
Market Average Movement7.0%
10% most volatile stocks in SE Market11.6%
10% least volatile stocks in SE Market4.3%

Stable Share Price: ENEA is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ENEA's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968568Jan Haglundhttps://www.enea.com

Enea AB (publ) provides software products for telecommunication, cybersecurity, medical device, and aerospace industries worldwide. It offers 5G data management products, such as Enea Stratum Network Data Layer, Enea Unified Data Manager, Enea Digital Identity, and Enea Equipment Identity Register; and access management and policy control services, including Enea Access Manager, Enea Policy Manager, and Enea ENUM. The company also provides traffic management services comprising Enea Video Optimization, Enea DPI and Content Filtering, Enea Integra NFV Platform, Encrypted Video Management, Enea TCP Acceleration, Enea Traffic Classifier, and Enea IP Traffic Filtering; and Enea Edge, a virtualization and management platform designed for deployment on any white-box uCPE, and optimized for common uCPE networking and edge use cases, such as SD-WAN, security, IoT, and 5G.

Enea Fundamentals Summary

How do Enea's earnings and revenue compare to its market cap?
ENEA fundamental statistics
Market Capkr1.53b
Earnings (TTM)kr146.06m
Revenue (TTM)kr1.03b

10.1x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENEA income statement (TTM)
Revenuekr1.03b
Cost of Revenuekr392.67m
Gross Profitkr637.88m
Other Expenseskr491.82m
Earningskr146.06m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 26, 2022

Earnings per share (EPS)6.84
Gross Margin61.90%
Net Profit Margin14.17%
Debt/Equity Ratio27.3%

How did ENEA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ENEA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENEA?

Other financial metrics that can be useful for relative valuation.

ENEA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA8.5x
PEG Ratio12.2x

Price to Earnings Ratio vs Peers

How does ENEA's PE Ratio compare to its peers?

ENEA PE Ratio vs Peers
The above table shows the PE ratio for ENEA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.6x
PACT Proact IT Group
14.2x10.3%kr2.2b
SOF B Softronic
13.5xn/akr1.1b
B3 B3 Consulting Group
13.1x-36.5%kr1.1b
PREV B Prevas
9.5xn/akr1.2b
ENEA Enea
10.1x0.8%kr1.5b

Price-To-Earnings vs Peers: ENEA is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (12.6x).


Price to Earnings Ratio vs Industry

How does ENEA's PE Ratio compare vs other companies in the European IT Industry?

Price-To-Earnings vs Industry: ENEA is good value based on its Price-To-Earnings Ratio (10.1x) compared to the European IT industry average (18.5x)


Price to Earnings Ratio vs Fair Ratio

What is ENEA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENEA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.1x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: ENEA is good value based on its Price-To-Earnings Ratio (10.1x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).


Share Price vs Fair Value

What is the Fair Price of ENEA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENEA (SEK69.4) is trading below our estimate of fair value (SEK154.69)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


Discover undervalued companies

Future Growth

How is Enea forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


0.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENEA's forecast earnings growth (0.8% per year) is above the savings rate (0.4%).

Earnings vs Market: ENEA's earnings (0.8% per year) are forecast to grow slower than the Swedish market (16.7% per year).

High Growth Earnings: ENEA's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENEA's revenue (2.5% per year) is forecast to grow slower than the Swedish market (10.7% per year).

High Growth Revenue: ENEA's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENEA's Return on Equity is forecast to be low in 3 years time (6.1%).


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Past Performance

How has Enea performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


11.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENEA has high quality earnings.

Growing Profit Margin: ENEA's current net profit margins (14.2%) are lower than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: ENEA's earnings have grown by 11.9% per year over the past 5 years.

Accelerating Growth: ENEA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ENEA had negative earnings growth (-11.9%) over the past year, making it difficult to compare to the IT industry average (27.1%).


Return on Equity

High ROE: ENEA's Return on Equity (6.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Enea's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENEA's short term assets (SEK736.1M) exceed its short term liabilities (SEK354.5M).

Long Term Liabilities: ENEA's short term assets (SEK736.1M) do not cover its long term liabilities (SEK742.9M).


Debt to Equity History and Analysis

Debt Level: ENEA's net debt to equity ratio (17%) is considered satisfactory.

Reducing Debt: ENEA's debt to equity ratio has increased from 23.4% to 27.3% over the past 5 years.

Debt Coverage: ENEA's debt is well covered by operating cash flow (42.9%).

Interest Coverage: ENEA's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


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Dividend

What is Enea current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Enea Dividend Yield vs Market
How does Enea dividend yield compare to the market?
SegmentDividend Yield
Company (Enea)0%
Market Bottom 25% (SE)1.9%
Market Top 25% (SE)6.1%
Industry Average (IT)2.5%
Analyst forecast in 3 Years (Enea)0%

Notable Dividend: Unable to evaluate ENEA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ENEA'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 ENEA's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: ENEA is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ENEA has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Jan Haglund (56 yo)

3.33yrs

Tenure

kr6,211,000

Compensation

Mr. Jan Haglund has been the Chief Executive Officer of Enea AB (publ) since May 6, 2019 and serves as its President. Mr. Haglund has many years of international experience in the telecom industry. He has...


CEO Compensation Analysis

Jan Haglund's Compensation vs Enea Earnings
How has Jan Haglund's remuneration changed compared to Enea's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

kr146m

Mar 31 2022n/an/a

kr148m

Dec 31 2021kr6mkr3m

kr200m

Sep 30 2021n/an/a

kr185m

Jun 30 2021n/an/a

kr166m

Mar 31 2021n/an/a

kr164m

Dec 31 2020kr7mkr3m

kr142m

Sep 30 2020n/an/a

kr123m

Jun 30 2020n/an/a

kr140m

Mar 31 2020n/an/a

kr145m

Dec 31 2019kr6mkr2m

kr170m

Compensation vs Market: Jan's total compensation ($USD554.43K) is above average for companies of similar size in the Swedish market ($USD216.34K).

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


Leadership Team

Experienced Management: ENEA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ENEA's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

OM:ENEA Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 May 22Buykr11,711Charlotta SundIndividual100kr117.11
15 Feb 22Buykr10,525Charlotta SundIndividual50kr210.50
02 Feb 22Sellkr742,500Daniel ForsgrenIndividual2,970kr250.00

Ownership Breakdown

What is the ownership structure of ENEA?
Owner TypeNumber of SharesOwnership Percentage
General Public3,635,91717.0%
Individual Insiders7,536,46035.3%
Institutions10,186,90247.7%

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


Top Shareholders

Top 25 shareholders own 82.27% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
34.54%
Per Lindberg
7,376,668SEK511.9m0%no data
7.29%
Handelsbanken Asset Management
1,557,414SEK108.1m0%0.02%
5.12%
Första AP-fonden
1,093,912SEK75.9m0%0.04%
4.96%
Swedbank Robur Fonder AB
1,060,000SEK73.6m-48.22%0.01%
4.96%
C Worldwide Asset Management FondsmÆGlerselskab A/S
1,059,146SEK73.5m0%0.06%
3.04%
Enter Fonder AB
649,719SEK45.1m0%0.43%
2.77%
Teknik Innovation Norden Fonder AB
592,145SEK41.1m0%1.01%
2.75%
Hargreave Hale Limited, Asset Management Arm
587,367SEK40.8m0%0.1%
2.75%
Canaccord Genuity Wealth International Limited
587,367SEK40.8m0%8.57%
2.59%
Fondbolaget Fondita AB
553,404SEK38.4m0%0.6%
2.08%
Aktia Kapitalförvaltning AB
445,000SEK30.9m0%1.24%
1.65%
Skandia Fonder AB
352,628SEK24.5m0%0.34%
1.43%
Aktia Fund Management Company Ltd
305,000SEK21.2m0%5.73%
1.29%
Dimensional Fund Advisors LP
274,784SEK19.1m0.22%no data
1.22%
Axiom Investors LLC
259,667SEK18.0m0%0.04%
1%
FMR LLC
212,948SEK14.8m-0.05%no data
0.53%
Xact Kapitalförvaltning AB
113,620SEK7.9m0%0.01%
0.5%
Manulife Asset Management
106,669SEK7.4m0%no data
0.44%
GADD & Cie Luxembourg S.A.
95,000SEK6.6m0%0.51%
0.3%
SEB Investment Management AB
64,953SEK4.5m0%no data
0.28%
Aramea Asset Management AG
60,369SEK4.2m0%0.16%
0.22%
Mandarine Gestion
48,000SEK3.3m20%0.02%
0.22%
KBC Asset Management NV
46,522SEK3.2m0%no data
0.21%
Anders Lidbeck
44,702SEK3.1m0%no data
0.12%
Erik Larsson
25,382SEK1.8m44.59%no data

Company Information

Enea AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Enea AB (publ)
  • Ticker: ENEA
  • Exchange: OM
  • Founded: 1968
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: kr1.531b
  • Shares outstanding: 21.36m
  • Website: https://www.enea.com

Number of Employees


Location

  • Enea AB (publ)
  • Jan Stenbecks Torg 17
  • Kista
  • Stockholm County
  • 164 40
  • Sweden


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENEK.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 1995
EED5DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1995
ENEAOM (OMX Nordic Exchange Stockholm)YesCommon StockSESEKJul 1995
0RP6LSE (London Stock Exchange)YesCommon StockGBSEKJul 1995
ENEASBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBSEKJul 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.