OM:ALCA

Stock Analysis Report

Alcadon Group

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

-3.7%

ALCA

3.4%

SE Electronic

2.7%

SE Market


1 Year Return

-56.7%

ALCA

1.2%

SE Electronic

9.4%

SE Market

Return vs Industry: ALCA underperformed the Swedish Electronic industry which returned 1.2% over the past year.

Return vs Market: ALCA underperformed the Swedish Market which returned 9.4% over the past year.


Shareholder returns

ALCAIndustryMarket
7 Day-3.7%3.4%2.7%
30 Day-7.7%-5.1%1.4%
90 Day-37.4%-1.3%4.1%
1 Year-55.9%-56.7%2.4%1.2%14.0%9.4%
3 Year-27.7%-29.8%7.8%4.6%31.3%11.7%
5 Yearn/a103.6%89.5%63.0%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

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

Undervalued: ALCA (SEK16.85) is trading below our estimate of fair value (SEK34.08)

Significantly Undervalued: 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 (10.5x) compared to the Electronic industry average (20.2x).

PE vs Market: ALCA is good value based on its PE Ratio (10.5x) compared to the Swedish market (16.8x).


Price to Earnings Growth Ratio

Low 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 (9.1% 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

High 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?

2.97%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.8%markettop25%4.8%industryaverage1.4%forecastin3Years3.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ALCA's dividend (2.97%) is higher than the bottom 25% of dividend payers in the Swedish market (1.83%).

High Dividend: ALCA's dividend (2.97%) is low compared to the top 25% of dividend payers in the Swedish market (4.77%).

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

0

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

Sellkr389,65309 Sep 19
Joacim Löwstett
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares19,688
Max Pricekr20.15
Sellkr23,866,02027 Aug 19
Athanese Industrial Partners Ltd.
EntityCompany
Shares1,189,139
Max Pricekr20.07
Buykr23,866,02027 Aug 19
Athanese Industrial Partners Ltd.
EntityCompany
Shares1,189,139
Max Pricekr20.07
Sellkr213,46630 Apr 19
Joacim Löwstett
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares7,412
Max Pricekr28.80
Buykr118,46504 Mar 19
Pierre Fors
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,300
Max Pricekr27.55
Buykr299,27921 Feb 19
Pierre Fors
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,700
Max Pricekr27.97
Buykr808,92229 Dec 18
Athanese Industrial Partners Ltd.
EntityCompany
Shares27,505
Max Pricekr29.41
Sellkr287,00007 Dec 18
Pierre Fors
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max Pricekr28.70
Buykr287,00007 Dec 18
Pierre Fors
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max Pricekr28.70
Buykr85,50020 Nov 18
Pierre Fors
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max Pricekr28.50
Buykr29,20019 Nov 18
Mats Nyberg
EntityIndividual
Shares1,000
Max Pricekr29.20
Buykr149,05007 Nov 18
Jonas Mårtensson
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,000
Max Pricekr29.81
Buykr163,67806 Nov 18
Pierre Fors
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,335
Max Pricekr30.68
Buykr11,02505 Nov 18
Mats Nyberg
EntityIndividual
Shares350
Max Pricekr31.50
Buykr6,592,00001 Nov 18
Mats Nyberg
EntityIndividual
Shares206,000
Max Pricekr32.00

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: kr284.078m
  • Shares outstanding: 16.86m
  • Website: https://www.alcadongroup.se

Location

  • Alcadon Group AB (publ)
  • Segelbåtsvägen 7
  • Stockholm
  • Stockholm County
  • 112 64
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALCAOM (OMX Nordic Exchange Stockholm)YesCommon StockSESEKSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 21:56
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.