Executive Summary
Alcadon Group AB (publ) engages in the data and telecommunications business in Sweden.
Snowflake
Fundamentals
Very undervalued with reasonable growth potential.
Share Price & News
How has Alcadon Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.9%
ALCA
1.1%
SE Electronic
2.1%
SE Market
1 Year Return
-56.8%
ALCA
4.0%
SE Electronic
12.1%
SE Market
Return vs Industry: ALCA underperformed the Swedish Electronic industry which returned 4% over the past year.
Return vs Market: ALCA underperformed the Swedish Market which returned 12.1% over the past year.
Shareholder returns
| ALCA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.1% | 2.1% |
| 30 Day | -4.0% | -1.0% | 1.6% |
| 90 Day | -34.3% | -3.4% | 3.7% |
| 1 Year | -56.0%-56.8% | 5.3%4.0% | 16.8%12.1% |
| 3 Year | -28.8%-30.8% | 9.0%5.8% | 32.2%12.4% |
| 5 Year | n/a | 103.0%88.8% | 62.8%28.3% |
Price Volatility Vs. Market
How volatile is Alcadon Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Does Alcadon Group AB (publ) (STO:ALCA) Fare As A Dividend Stock?3 weeks ago | Simply Wall St
Did Changing Sentiment Drive Alcadon Group's (STO:ALCA) Share Price Down A Worrying 52%?1 month ago | Simply Wall St
Is Alcadon Group AB (publ)’s (STO:ALCA) 13% Return On Capital Employed Good News?Valuation
Is Alcadon Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALCA (SEK16.95) is trading below our estimate of fair value (SEK34.06)
Significantly Below Fair Value: ALCA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALCA is good value based on its PE Ratio (10.6x) compared to the Electronic industry average (20.2x).
PE vs Market: ALCA is good value based on its PE Ratio (10.6x) compared to the Swedish market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: ALCA is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ALCA is good value based on its PB Ratio (1.4x) compared to the SE Electronic industry average (2.7x).
Next Steps
Future Growth
How is Alcadon Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
24.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALCA's forecast earnings growth (24.8% per year) is above the savings rate (0.4%).
Earnings vs Market: ALCA's earnings (24.8% per year) are forecast to grow faster than the Swedish market (9.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALCA's revenue (7.1% per year) is forecast to grow faster than the Swedish market (4.5% per year).
High Growth Revenue: ALCA's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALCA's Return on Equity is forecast to be low in 3 years time (18.7%).
Next Steps
Past Performance
How has Alcadon Group performed over the past 5 years?
24.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ALCA's earnings have grown significantly by 24% per year over the past 5 years.
Accelerating Growth: ALCA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ALCA had negative earnings growth (-46.4%) over the past year, making it difficult to compare to the Electronic industry average (-1.6%).
Return on Equity
High ROE: ALCA's Return on Equity (13.5%) is considered low.
Return on Assets
ROA vs Industry: ALCA's Return on Assets is below or equal to the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: ALCA's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Alcadon Group's financial position?
Financial Position Analysis
Short Term Liabilities: ALCA's short term assets (SEK184.6M) exceeds its short term liabilities (SEK151.5M)
Long Term Liabilities: ALCA's short term assets (184.6M) exceeds its long term liabilities (144.5M)
Debt to Equity History and Analysis
Debt Level: ALCA's debt to equity ratio (79.3%) is considered high
Reducing Debt: Insufficient data to determine if ALCA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ALCA's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: ALCA's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Inventory Level: ALCA has a high level of physical assets or inventory.
Debt Coverage by Assets: ALCA's debt is covered by short term assets (assets are 1.161000x debt).
Next Steps
Dividend
What is Alcadon Group's current dividend yield, its reliability and sustainability?
2.95%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ALCA's dividend (2.95%) is higher than the bottom 25% of dividend payers in the Swedish market (1.81%).
High Dividend: ALCA's dividend (2.95%) is low compared to the top 25% of dividend payers in the Swedish market (4.65%).
Stable Dividend: Whilst dividend payments have been stable, ALCA has been paying a dividend for less than 10 years.
Growing Dividend: ALCA has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.2%), ALCA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALCA's dividends in 3 years are forecast to be well covered by earnings (24.2% payout ratio).
Next Steps
Management
What is the CEO of Alcadon Group's salary, the management and board of directors tenure and is there insider trading?
10.8yrs
Average management tenure
CEO
Sonny Mirborn 0
0.3yrs
Tenure
Sonny Mirborn serves as Chief Executive Officer at Alcadon Group AB (publ). since July 2019.
Management Age and Tenure
10.8yrs
Average Tenure
52yo
Average Age
Experienced Management: ALCA's management team is seasoned and experienced (10.8 years average tenure).
Insider Trading
Insider Buying: ALCA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 19,688 |
| Max Price | kr20.15 |
| Entity | Company |
| Shares | 1,189,139 |
| Max Price | kr20.07 |
| Entity | Company |
| Shares | 1,189,139 |
| Max Price | kr20.07 |
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 7,412 |
| Max Price | kr28.80 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 4,300 |
| Max Price | kr27.55 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,700 |
| Max Price | kr27.97 |
| Entity | Company |
| Shares | 27,505 |
| Max Price | kr29.41 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | kr28.70 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | kr28.70 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,000 |
| Max Price | kr28.50 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | kr29.20 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 5,000 |
| Max Price | kr29.81 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 5,335 |
| Max Price | kr30.68 |
| Entity | Individual |
| Shares | 350 |
| Max Price | kr31.50 |
| Entity | Individual |
| Shares | 206,000 |
| Max Price | kr32.00 |
Ownership Breakdown
Management Team
Joacim Löwstett (41yo)
Chief Financial Officer
- Tenure: 6.8yrs
Stefan Eriksson (62yo)
Chief Business Development Officer
- Tenure: 14.8yrs
Mikael Ljungman (52yo)
Sales Manager
- Tenure: 27.8yrs
Sonny Mirborn
Chief Executive Officer
- Tenure: 0.3yrs
Board Members
Stefan Charette (47yo)
Director
- Tenure: 3.8yrs
- Compensation: kr113.00k
Jonas Mårtensson (56yo)
Chairman
- Tenure: 0yrs
- Compensation: kr193.00k
Pierre Fors (56yo)
Director
- Tenure: 0yrs
- Compensation: kr3.19m
Marie Ygge
Director
- Tenure: 0.4yrs
Company Information
Alcadon Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alcadon Group AB (publ)
- Ticker: ALCA
- Exchange: OM
- Founded: 1988
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: kr285.764m
- Shares outstanding: 16.86m
- Website: https://www.alcadongroup.se
Location
- Alcadon Group AB (publ)
- Segelbåtsvägen 7
- Stockholm
- Stockholm County
- 112 64
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALCA | OM (OMX Nordic Exchange Stockholm) | Yes | Common Stock | SE | SEK | Sep 2016 |
Biography
Alcadon Group AB (publ) engages in the data and telecommunications business in Sweden. It offers passive products, including installation materials, such as fiber and copper cables, sockets, and connectors ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 21:35 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| 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.