Knowit

OM:KNOW

Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

KNOW

SEK4B

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Last updated 2019/05/19 20:34

Company description

Knowit AB (publ), a consultancy company, provides digital and cross-functional solutions in the Nordic region. The last earnings update was 23 days ago. More info.

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KNOW Share Price and Events

7 Day Returns

-1.2%

OM:KNOW

0.7%

SE IT

0.8%

SE Market

1 Year Returns

13.8%

OM:KNOW

15%

SE IT

-0.6%

SE Market

KNOW Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Knowit (KNOW)	-1.2%	2.6%	22.4%	13.8%	262.7%	197.2%
SE IT	0.7%	-1%	12.5%	15%	90.1%	119.5%
SE Market	0.8%	-2.3%	2.4%	-0.6%	14.3%	18.2%

1 Year Return vs Industry and Market

KNOW underperformed the IT industry which returned 15% over the past year.
KNOW outperformed the Market in Sweden which returned -0.6% over the past year.

Price Volatility

KNOW

Industry

5yr Volatility vs Market

Related Companies

Value

Is Knowit undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

Here we compare the current share price of Knowit to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Knowit.

OM:KNOW Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Average of 1 Analyst Estimates (S&P Global)	See below
Discount Rate (Cost of Equity)	See below	6.8%
Perpetual Growth Rate	10-Year SE Government Bond Rate	0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:KNOW
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year SE Govt Bond Rate	0.4%
Equity Risk Premium	S&P Global	6%
IT Unlevered Beta	Simply Wall St/ S&P Global	1.05
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 1.049 (1 + (1- 22%) (7.56%))	1.074
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.07
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 0.43% + (1.074 * 5.96%)	6.84%

Discounted Cash Flow Calculation for OM:KNOW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Knowit is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:KNOW DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (SEK, Millions)	Source	Present Value Discounted (@ 6.84%)
2019	236.28	Est @ 3.06%	221.16
2020	241.65	Est @ 2.27%	211.72
2021	245.81	Est @ 1.72%	201.58
2022	249.10	Est @ 1.34%	191.21
2023	251.75	Est @ 1.07%	180.88
2024	253.96	Est @ 0.88%	170.79
2025	255.85	Est @ 0.74%	161.05
2026	257.51	Est @ 0.65%	151.72
2027	259.02	Est @ 0.59%	142.85
2028	260.42	Est @ 0.54%	134.43
Present value of next 10 years cash flows			SEK1,767.38

OM:KNOW DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₈ × (1 + g) ÷ (Discount Rate – g) = SEK260.42 × (1 + 0.43%) ÷ (6.84% – 0.43%)	SEK4,085.62
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = SEK4,085.62 ÷ (1 + 6.84%)¹⁰	SEK2,109.01

OM:KNOW Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = SEK1,767.38 + SEK2,109.01	SEK3,876.39
Equity Value per Share (SEK)	= Total value / Shares Outstanding = SEK3,876.39 / 19.25	SEK201.33

OM:KNOW Discount to Share Price
	Calculation	Result
Value per share (SEK)	From above.	SEK201.33
Current discount	Discount to share price of SEK214.00 = -1 x (SEK214.00 - SEK201.33) / SEK201.33	-6.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

The current share price of Knowit is above its future cash flow value.

Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.

PRICE RELATIVE TO MARKET

We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Knowit's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Knowit's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

OM:KNOW PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2019-03-31) in SEK	SEK12.18
OM:KNOW Share Price **	OM (2019-05-17) in SEK	SEK214
Sweden IT Industry PE Ratio	Median Figure of 18 Publicly-Listed IT Companies	17.5x
Sweden Market PE Ratio	Median Figure of 323 Publicly-Listed Companies	16.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Knowit.

OM:KNOW PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= OM:KNOW Share Price ÷ EPS (both in SEK) = 214 ÷ 12.18	17.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Knowit is overvalued based on earnings compared to the SE IT industry average.
Knowit is overvalued based on earnings compared to the Sweden market.

Price based on expected Growth

Does Knowit's expected growth come at a high price?

Raw Data

OM:KNOW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	17.58x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts	8.4%per year
Sweden IT Industry PEG Ratio	Median Figure of 10 Publicly-Listed IT Companies	2.24x
Sweden Market PEG Ratio	Median Figure of 235 Publicly-Listed Companies	1.36x

*Line of best fit is calculated by linear regression .

OM:KNOW PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 17.58x ÷ 8.4%	2.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Knowit is poor value based on expected growth next year.

Price based on value of assets

What value do investors place on Knowit's assets?

Raw Data

OM:KNOW PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2019-03-31) in SEK	SEK61.71
OM:KNOW Share Price *	OM (2019-05-17) in SEK	SEK214
Sweden IT Industry PB Ratio	Median Figure of 23 Publicly-Listed IT Companies	3.96x
Sweden Market PB Ratio	Median Figure of 567 Publicly-Listed Companies	2.46x

OM:KNOW PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= OM:KNOW Share Price ÷ Book Value per Share (both in SEK) = 214 ÷ 61.71	3.47x

* Primary Listing of Knowit.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Knowit is good value based on assets compared to the SE IT industry average.

Value checks

We assess Knowit's value by looking at:

Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)

Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

How is Knowit expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!

8.4%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Knowit expected to grow at an attractive rate?

Knowit's earnings growth is expected to exceed the low risk savings rate of 0.4%.

Growth vs Market Checks

Knowit's earnings growth is positive but not above the Sweden market average.
Knowit's revenue growth is expected to exceed the Sweden market average.

Annual Growth Rates Comparison

Raw Data

OM:KNOW Future Growth Rates Data Sources
Data Point	Source	Value (per year)
OM:KNOW Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts	8.4%
OM:KNOW Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts	6.2%
Sweden IT Industry Earnings Growth Rate	Market Cap Weighted Average	13%
Sweden IT Industry Revenue Growth Rate	Market Cap Weighted Average	6%
Sweden Market Earnings Growth Rate	Market Cap Weighted Average	8.6%
Sweden Market Revenue Growth Rate	Market Cap Weighted Average	4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations

Raw Data

OM:KNOW Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (1 month ago)	See Below
Future Estimates	Average of up to 1 Analyst Estimates (S&P Global)	See Below

All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

OM:KNOW Future Estimates Data
Date (Data in SEK Millions)	Revenue	Net Income *	Avg. No. Analysts
2021-12-31	3,822	298	1
2020-12-31	3,658	282	1
2019-12-31	3,484	264	1

OM:KNOW Past Financials Data
Date (Data in SEK Millions)	Revenue	Cash Flow	Net Income *
2019-03-31	3,196	247	234
2018-12-31	3,083	274	223
2018-09-30	3,001	282	217
2018-06-30	2,917	178	209
2018-03-31	2,790	165	197
2017-12-31	2,734	197	194
2017-09-30	2,649	139	179
2017-06-30	2,572	216	170
2017-03-31	2,535	227	173
2016-12-31	2,426	193	138
2016-09-30	2,335	186	117
2016-06-30	2,289	121	106

*GAAP earnings excluding extraordinary items.

High Growth Checks

Knowit's earnings are expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
Knowit's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.

Raw Data

OM:KNOW Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (1 month ago)	See Below
Future Estimates	Average of up to 1 Analyst Estimates (S&P Global)	See Below

All data from Knowit Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:KNOW Future Estimates Data
Date (Data in SEK Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts
2021-12-31	15.53	15.53	15.53	1.00
2020-12-31	14.70	14.70	14.70	1.00
2019-12-31	13.70	13.70	13.70	1.00

OM:KNOW Past Financials Data
Date (Data in SEK Millions)	EPS *
2019-03-31	12.18
2018-12-31	11.62
2018-09-30	11.30
2018-06-30	10.95
2018-03-31	10.35
2017-12-31	10.22
2017-09-30	9.45
2017-06-30	8.98
2017-03-31	9.19
2016-12-31	7.39
2016-09-30	6.28
2016-06-30	5.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years

In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.

Knowit is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).

Show me more growth companies in the IT industry

Future performance checks

We assess Knowit's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)

Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Knowit has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

How has Knowit performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.

Past earnings growth

Below we compare Knowit's growth in the last year to its industry (IT).

Past Earnings growth analysis

We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.

Knowit has delivered over 20% year on year earnings growth in the past 5 years.
Knowit's 1-year earnings growth is less than its 5-year average (18.5% vs 32.4%)
Knowit's earnings growth has exceeded the SE IT industry average in the past year (18.5% vs 17%).

Earnings and Revenue History

Knowit's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.

Raw Data

All data from Knowit Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:KNOW Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions)	Revenue	Net Income *	G+A Expenses
2019-03-31	3,196.00	234.03	226.76
2018-12-31	3,083.30	223.03	226.76
2018-09-30	3,000.50	216.63	216.36
2018-06-30	2,917.00	209.43	216.36
2018-03-31	2,789.60	197.43	216.44
2017-12-31	2,733.50	194.43	216.44
2017-09-30	2,649.32	179.37	203.35
2017-06-30	2,571.62	169.97	203.35
2017-03-31	2,534.52	173.17	203.35
2016-12-31	2,426.22	138.37	203.35
2016-09-30	2,334.93	116.71	212.54
2016-06-30	2,288.93	105.91	212.54
2016-03-31	2,227.93	79.21	212.54
2015-12-31	2,205.53	84.31	212.54
2015-09-30	2,155.59	71.56	184.40
2015-06-30	2,131.09	67.06	184.40
2015-03-31	2,072.09	57.06	184.40
2014-12-31	2,030.69	51.26	184.40
2014-09-30	2,022.03	52.41	167.58
2014-06-30	1,999.63	52.31	167.58
2014-03-31	1,998.23	56.61	167.58
2013-12-31	1,972.93	50.41	167.58
2013-09-30	1,946.71	59.81	171.82
2013-06-30	1,927.11	57.71	171.82
2013-03-31	1,905.31	59.61	171.82
2012-12-31	1,931.21	78.01	171.82
2012-09-30	1,896.48	92.89	153.87
2012-06-30	1,907.28	103.59	153.87

*GAAP earnings excluding extraordinary items.

Performance last year

We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.

Knowit has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Knowit used its assets more efficiently than the SE IT industry average last year based on Return on Assets.
Knowit has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Show me more strong past performing companies in the IT industry

Past performance checks

We assess Knowit's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)

The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Knowit has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

How is Knowit's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Knowit's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Knowit is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Knowit's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Knowit's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.

Assets

Liabilities and shares

The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.

Low level of unsold assets.
Debt is covered by short term assets, assets are 3.3x debt.

Historical Debt

Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.

Raw Data

All data from Knowit Company Filings, last reported 1 month ago.

OM:KNOW Past Debt and Equity Data
Date (Data in SEK Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2019-03-31	1,206.50	311.60	152.80
2018-12-31	1,106.29	106.29	194.61
2018-09-30	1,058.10	88.20	57.60
2018-06-30	1,021.00	95.30	25.60
2018-03-31	1,045.00	147.30	106.30
2017-12-31	951.20	150.25	105.17
2017-09-30	891.50	187.10	10.90
2017-06-30	865.80	126.30	29.10
2017-03-31	898.20	161.10	72.60
2016-12-31	844.28	163.80	44.81
2016-09-30	813.20	216.80	11.30
2016-06-30	778.90	225.70	8.70
2016-03-31	787.90	207.90	8.90
2015-12-31	752.19	220.54	6.67
2015-09-30	757.50	288.20	14.10
2015-06-30	755.20	281.30	57.10
2015-03-31	826.90	277.20	81.80
2014-12-31	798.05	272.23	91.32
2014-09-30	825.70	298.10	66.40
2014-06-30	796.30	280.10	62.30
2014-03-31	818.20	300.00	95.70
2013-12-31	786.59	314.41	104.45
2013-09-30	811.60	302.10	87.30
2013-06-30	813.20	248.70	83.40
2013-03-31	858.60	259.30	90.20
2012-12-31	853.40	246.89	101.16
2012-09-30	825.30	272.00	76.30
2012-06-30	825.80	273.50	100.60

Knowit's level of debt (25.8%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (36.6% vs 25.8% today).
Debt is well covered by operating cash flow (79.1%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 135.4x coverage).

Show me more healthy companies in the IT industry

Financial health checks

We assess Knowit's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)

Full details on the Health part of the Simply Wall St company analysis model.

Dividends

What is Knowit's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.

Annual Dividend Income

2.71%

Current annual income from Knowit dividends. Estimated to be 3.64% next year.

If you bought SEK2,000 of Knowit shares you are expected to receive SEK54 in your first year as a dividend.

Dividend Amount

Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?

Knowit's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.79%).
Knowit's dividend is below the markets top 25% of dividend payers in Sweden (4.39%).

Annualized Historical and Future Dividends

It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.

Raw Data

OM:KNOW Annualized Past and Future Dividends
Data Point	Source	Value
Past Annualized Dividend Yield	S&P Global Market Data	See Below
Past Dividends per Share	Company Filings/ Annualized Dividend Payments	See Below
Future Dividends per Share Estimates	Average of up to 1 Analyst Estimates (S&P Global)	See Below
Sweden IT Industry Average Dividend Yield	Market Cap Weighted Average of 14 Stocks	2.9%
Sweden Market Average Dividend Yield	Market Cap Weighted Average of 243 Stocks	3.2%
Sweden Minimum Threshold Dividend Yield	10th Percentile	1.1%
Sweden Bottom 25% Dividend Yield	25th Percentile	1.8%
Sweden Top 25% Dividend Yield	75th Percentile	4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:KNOW Future Dividends Estimate Data
Date (Data in SEK)	Dividend per Share (annual)	Avg. No. Analysts
2021-12-31	10.25	1.00
2020-12-31	7.35	1.00
2019-12-31	5.80	1.00

OM:KNOW Past Annualized Dividends Data
Date (Data in SEK)	Dividend per share (annual)	Avg. Yield (%)
2019-04-05	5.800	2.733
2019-02-08	5.800	3.140
2018-04-05	4.750	2.758
2018-01-02	4.750	2.857
2017-03-21	3.750	2.817
2016-04-27	3.250	4.172
2015-04-07	3.250	5.793
2015-02-11	3.250	5.689
2014-04-08	3.250	5.578
2014-02-07	3.250	4.937
2013-04-04	3.250	5.988
2013-02-08	3.250	6.264
2012-04-02	3.250	6.108
2012-02-09	3.250	4.763
2011-02-03	2.750	4.534
2010-03-01	2.250	3.477
2010-01-15	2.250	3.444

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Whilst dividend payments have been stable, Knowit has been paying a dividend for less than 10 years.
Dividend payments have increased, but Knowit only paid a dividend in the past 9 years.

Current Payout to shareholders

What portion of Knowit's earnings are paid to the shareholders as a dividend.

Dividends paid are well covered by earnings (2.1x coverage).

Future Payout to shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).

Income/ dividend checks

We assess Knowit's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Knowit afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

Full details on the Dividends part of the Simply Wall St company analysis model.

Management

What is the CEO of Knowit's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.

CEO

Per Wallentin

COMPENSATION	SEK9,450,000
AGE	47
TENURE AS CEO	8.3 years

CEO Bio

Mr. Per Wallentin has been the Chief Executive Officer and President of Knowit Aktiebolag (publ) (Know IT AB ) since February 4, 2011. Mr. Wallentin worked at Know IT since 1999. He holds an M.B.A. and Degree in Economics from the University of Gothenburg.

CEO Compensation

Per's compensation has been consistent with company performance over the past year.
Per's remuneration is higher than average for companies of similar size in Sweden.

Management Team Tenure

Average tenure and age of the Knowit management team in years:

0.8

Average Tenure

48.5

Average Age

The average tenure for the Knowit management team is less than 2 years, this suggests a new team.

Management Team

Per Wallentin

TITLE

President & CEO

COMPENSATION

SEK9M

AGE

47

TENURE

8.3 yrs

Elisabet Jarnbring

TITLE

Deputy Chief Financial Officer

AGE

52

TENURE

0.3 yrs

Fredrik Ekerhovd

TITLE

Executive Vice President of Knowit Experience

AGE

36

Christina Johansson

TITLE

AGE

53

Åsa Holmberg

TITLE

Executive Vice President of Knowit Solutions

AGE

50

TENURE

1.3 yrs

Tommy Berg

TITLE

Executive Vice President of Knowit Insight

AGE

47

TENURE

0.3 yrs

Board of Directors Tenure

Average tenure and age of the Knowit board of directors in years:

1.3

Average Tenure

Average Age

The average tenure for the Knowit board of directors is less than 3 years, this suggests a new board.

1.3 yrs

Who owns this company?

Recent Insider Trading

More shares have been bought than sold by Knowit insiders in the past 3 months.

Show me more companies with insider buying in the IT industry

Recent Insider Transactions

Announced	Type	Name	Entity	Role		Start	End	Shares	Max Price (SEK)	Value (SEK)
11. May 19	Buy	Gunilla Astrid Asker	Individual			09. May 19	09. May 19	500	SEK212.53	SEK106,265
16. Nov 18	Buy	Åsa Holmberg	Individual			15. Nov 18	15. Nov 18	1,200	SEK163.40	SEK195,766

Management checks

We assess Knowit's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could Knowit AB (publ)'s (STO:KNOW) Investor Composition Influence The Stock Price?

View our latest analysis for Knowit OM:KNOW Ownership Summary, May 13th 2019 What Does The Institutional Ownership Tell Us About Knowit? … We can see that Knowit does have institutional investors; and they hold 83% of the stock. … OM:KNOW Income Statement, May 13th 2019 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.

Simply Wall St - 6 days ago – Full article

Is Now The Time To Put Knowit (STO:KNOW) On Your Watchlist?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Knowit (STO:KNOW). … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … Knowit maintained stable EBIT margins over the last year, all while growing revenue 15% to kr3.2b.

Simply Wall St - 2 weeks ago – Full article

Interested In Knowit AB (publ) (STO:KNOW)’s Upcoming kr5.80 Dividend? You Have 2 Days Left

To qualify for the dividend check of kr5.80 per share, investors must have owned the shares prior to 29 April 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St - 3 weeks ago – Full article

Should You Worry About Knowit AB (publ)'s (STO:KNOW) CEO Pay Cheque?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Per Wallentin's Compensation Compare With Similar Sized Companies. … Our data indicates that Knowit AB (publ) is worth kr4.0b, and total annual CEO compensation is kr9.5m.