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Axis

OM:AXIS
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AXIS
OM
SEK25B
Market Cap
  1. Home
  2. SE
  3. Tech
Company description

Axis AB (publ) provides network video solutions in Europe, the Middle East, Africa, the Americas, and Asia. The last earnings update was 26 days ago. More info.


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AXIS Share Price and Events
7 Day Returns
-0.3%
OM:AXIS
-2.4%
SE Electronic
-1.7%
SE Market
1 Year Returns
1.1%
OM:AXIS
9.1%
SE Electronic
1.4%
SE Market
AXIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axis (AXIS) -0.3% 5.8% 4.9% 1.1% 6.5% 53.9%
SE Electronic -2.4% 0.7% -8.6% 9.1% 42.4% 153.4%
SE Market -1.7% -0.7% -3.8% 1.4% 22.2% 74.1%
1 Year Return vs Industry and Market
  • AXIS underperformed the Electronic industry which returned 9.1% over the past year.
Price Volatility
AXIS
Industry
5yr Volatility vs Market

Value

 Is Axis 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 Axis 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 Axis.

OM:AXIS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.7%

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:AXIS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 9.3%
Electronic Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.931 (1 + (1- 22%) (0%))
0.931
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.68% + (0.931 * 9.32%)
9.35%

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

The calculations below outline how an intrinsic value for Axis is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:AXIS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SEK, Millions) 256.25 293.63 336.47 385.55 441.80
Source Est @ 14.59% Est @ 14.59% Est @ 14.59% Est @ 14.59% Est @ 14.59%
Present Value
Discounted (@ 9.35%)
234.33 245.55 257.31 269.63 282.54
Present value of next 5 years cash flows SEK1,289.37
OM:AXIS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SEK441.80 × (1 + 0.68%) ÷ (9.35% – 0.68%)
SEK5,130.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SEK5,130.14 ÷ (1 + 9.35%)5
SEK3,280.83
OM:AXIS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SEK1,289.37 + SEK3,280.83
SEK4,570.20
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK4,570.20 / 69.46
SEK65.79
OM:AXIS Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK65.79
Current discount Discount to share price of SEK363.00
= -1 x (SEK363.00 - SEK65.79) / SEK65.79
-451.7%

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

  • The current share price of Axis 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 Axis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:AXIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in SEK SEK13.57
OM:AXIS Share Price ** OM (2018-11-13) in SEK SEK363
Sweden Electronic Industry PE Ratio Median Figure of 17 Publicly-Listed Electronic Companies 18.06x
Sweden Market PE Ratio Median Figure of 317 Publicly-Listed Companies 16.21x

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

** Primary Listing of Axis.

OM:AXIS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:AXIS Share Price ÷ EPS (both in SEK)

= 363 ÷ 13.57

26.75x

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

  • Axis is overvalued based on earnings compared to the SE Electronic industry average.
  • Axis is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Axis's expected growth come at a high price?
Raw Data
OM:AXIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.3%per year
Sweden Electronic Industry PEG Ratio Median Figure of 14 Publicly-Listed Electronic Companies 0.88x
Sweden Market PEG Ratio Median Figure of 229 Publicly-Listed Companies 1.08x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Axis, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Axis's assets?
Raw Data
OM:AXIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in SEK SEK55.32
OM:AXIS Share Price * OM (2018-11-13) in SEK SEK363
Sweden Electronic Industry PB Ratio Median Figure of 32 Publicly-Listed Electronic Companies 2.59x
Sweden Market PB Ratio Median Figure of 543 Publicly-Listed Companies 2.46x
OM:AXIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:AXIS Share Price ÷ Book Value per Share (both in SEK)

= 363 ÷ 55.32

6.56x

* Primary Listing of Axis.

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

  • Axis is overvalued based on assets compared to the SE Electronic industry average.
X
Value checks
We assess Axis's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Axis has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Axis expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Axis, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axis expected to grow at an attractive rate?
  • Axis's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Axis's earnings growth is positive but not above the Sweden market average.
  • Unable to compare Axis's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:AXIS Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:AXIS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.3%
Sweden Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Sweden Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 10.3%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:AXIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:AXIS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OM:AXIS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-09-30 9,558 811 943
2018-06-30 9,116 1,107 868
2018-03-31 8,634 1,095 685
2017-12-31 8,603 1,364 736
2017-09-30 8,457 1,381 773
2017-06-30 8,202 1,052 728
2017-03-31 7,845 1,123 702
2016-12-31 7,386 721 639
2016-09-30 7,085 751 646
2016-06-30 6,994 680 702
2016-03-31 6,847 521 662
2015-12-31 6,635 803 652

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Axis's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Axis is high growth as no revenue estimate data is available.
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:AXIS 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 0 Analyst Estimates (S&P Global) See Below

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

OM:AXIS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OM:AXIS Past Financials Data
Date (Data in SEK Millions) EPS *
2018-09-30 13.57
2018-06-30 12.49
2018-03-31 9.86
2017-12-31 10.59
2017-09-30 11.13
2017-06-30 10.48
2017-03-31 10.10
2016-12-31 9.20
2016-09-30 9.30
2016-06-30 10.11
2016-03-31 9.53
2015-12-31 9.39

*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.
  • Unable to establish if Axis will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Axis's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. 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.
Axis has a total score of 1/6, 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 Axis 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 Axis's growth in the last year to its industry (Electronic).
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.
  • Axis's year on year earnings growth rate has been positive over the past 5 years.
  • Axis's 1-year earnings growth exceeds its 5-year average (21.9% vs 11.7%)
  • Axis's earnings growth has exceeded the SE Electronic industry average in the past year (21.9% vs 19.6%).
Earnings and Revenue History
Axis'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 Axis Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AXIS Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 9,558.00 942.60 2,136.20 1,638.80
2018-06-30 9,116.40 867.70 2,026.00 1,596.00
2018-03-31 8,634.00 685.10 1,946.40 1,522.80
2017-12-31 8,602.60 735.80 1,898.80 1,486.40
2017-09-30 8,457.40 773.20 1,836.00 1,415.00
2017-06-30 8,201.50 727.90 1,789.50 1,365.90
2017-03-31 7,845.40 701.80 1,727.80 1,313.50
2016-12-31 7,385.70 638.70 1,651.90 1,233.40
2016-09-30 7,085.30 645.80 1,551.80 1,142.10
2016-06-30 6,993.80 702.10 1,484.90 1,075.50
2016-03-31 6,847.40 662.10 1,501.30 1,019.20
2015-12-31 6,634.70 652.10 1,473.00 985.70
2015-09-30 6,380.10 631.60 1,445.80 957.30
2015-06-30 5,936.50 534.90 1,422.50 928.10
2015-03-31 5,674.90 591.00 1,302.20 890.40
2014-12-31 5,449.70 539.30 1,246.30 858.70
2014-09-30 5,244.40 500.60 1,201.90 827.70
2014-06-30 5,104.70 508.20 1,158.10 795.80
2014-03-31 4,864.40 465.20 1,120.40 747.30
2013-12-31 4,716.80 478.90 1,073.30 708.60
2013-09-30 4,597.80 524.80 1,024.70 660.00
2013-06-30 4,354.60 444.30 979.50 630.30
2013-03-31 4,283.70 436.10 944.10 604.90
2012-12-31 4,183.50 427.30 918.50 579.70
2012-09-30 4,054.90 398.30 884.40 557.70
2012-06-30 3,946.90 443.10 850.90 536.10
2012-03-31 3,650.60 421.90 794.40 498.40
2011-12-31 3,577.60 455.70 746.20 467.60

*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.
  • Axis has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Axis used its assets more efficiently than the SE Electronic industry average last year based on Return on Assets.
  • Axis's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Axis's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Axis 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 Axis'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 Axis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Axis is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Axis's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Axis'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.
  • High level of physical assets or inventory.
  • Axis has no debt, it does not need to be covered by short term assets.
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 Axis Company Filings, last reported 1 month ago.

OM:AXIS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 3,842.60 0.00 1,728.10
2018-06-30 3,452.50 0.00 1,579.20
2018-03-31 3,239.90 0.00 1,536.20
2017-12-31 3,075.50 2.10 1,626.70
2017-09-30 2,912.80 0.00 1,556.60
2017-06-30 2,640.90 0.00 1,158.20
2017-03-31 2,531.20 0.00 1,086.70
2016-12-31 2,352.30 3.10 858.30
2016-09-30 2,188.30 0.00 673.20
2016-06-30 1,942.00 0.00 524.70
2016-03-31 1,858.00 0.00 755.30
2015-12-31 1,741.50 0.00 1,015.80
2015-09-30 1,571.90 0.00 773.60
2015-06-30 1,271.80 0.00 667.10
2015-03-31 1,213.10 0.00 595.40
2014-12-31 1,097.10 0.00 414.60
2014-09-30 939.00 0.00 432.40
2014-06-30 748.00 0.00 317.40
2014-03-31 989.50 0.00 419.20
2013-12-31 936.90 0.00 337.70
2013-09-30 819.70 0.00 392.70
2013-06-30 623.30 0.00 193.50
2013-03-31 873.90 0.00 391.70
2012-12-31 809.80 140.00 464.50
2012-09-30 648.50 0.00 190.40
2012-06-30 529.20 0.00 157.40
2012-03-31 822.60 0.00 300.60
2011-12-31 768.60 0.00 425.00
  • Axis has no debt.
  • Axis had no debt 5 years ago.
  • Axis has no debt, it does not need to be covered by operating cash flow.
  • Axis has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Axis's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Axis has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Axis'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
Dividend payments
0.4%
Current annual income from Axis dividends.
If you bought SEK2,000 of Axis shares you are expected to receive SEK8 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?
  • Axis's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.88%).
  • Axis's dividend is below the markets top 25% of dividend payers in Sweden (4.72%).
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:AXIS 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 0 Analyst Estimates (S&P Global) See Below
Sweden Electronic Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.2%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 241 Stocks 3.7%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

OM:AXIS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
OM:AXIS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2018-04-19 1.440 0.420
2017-04-21 0.920 0.270
2016-07-12 0.640 0.179
2016-03-17 0.640 0.191
2016-01-26 0.640 0.187
2015-04-16 0.310 0.092
2015-03-13 0.310 0.091
2015-01-30 0.310 0.102
2014-04-28 5.500 2.732
2013-04-17 5.000 2.521
2012-03-12 5.500 3.389
2011-03-07 4.500 3.311
2010-04-21 1.250 1.200
2009-04-22 1.250 1.540
2008-11-14 4.500 8.828

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

  • Axis is not paying a notable dividend for Sweden, therefore no need to check if the payments are stable.
  • Axis is not paying a notable dividend for Sweden, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Axis's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Axis's dividends as it is not paying a notable one for Sweden.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Axis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Axis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axis has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Axis'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
Ray Mauritsson
COMPENSATION SEK7,600,000
AGE 56
CEO Bio

Mr. Ray Mauritsson serves as the Chief Executive Officer of Axis Attento ApS. Mr. Mauritsson serves as the President, Managing Director and Chief Executive Officer of Axis AB (publ). He serves as President and Chief Executive Officer of Axis Communications AB. He served as Co-President and Co- Chief Executive Officer of Axis AB since February 24, 2003. He was employed within Axis AB since 1995. He served as an Executive Vice President, Platforms and Customized Products. He has been a Director at HMS Networks AB (publ) and HMS Fieldbus Systems AB since May 2007. Mr. Mauritsson is a graduate engineer, with a Master of Science degree in Technology and Physics from the University of Lund and an Executive MBA degree from the Business School at the University of Lund.

CEO Compensation
  • Ray's compensation has increased by more than 20% in the past year.
  • Ray's remuneration is lower than average for companies of similar size in Sweden.
Management Team

Ray Mauritsson

TITLE
Chief Executive Officer and President
COMPENSATION
SEK8M
AGE
56

Fredrik Sjöstrand

TITLE
Chief Financial Officer and Vice President of Finance
AGE
49

Per Ädelroth

TITLE
Vice President of Operations
AGE
52
TENURE
14.6 yrs

Johan Paulsson

TITLE
Chief Technology Officer
AGE
55
TENURE
10.8 yrs

Jonas Hansson

TITLE
Chief Information Officer
AGE
51

Johan Lundin

TITLE
Manager of Investor Relations

Bodil Gallon

TITLE
Vice President of Global Sales
AGE
50

Lars Åberg

TITLE
Vice President of Marketing
AGE
52

Malin Ruijsenaars

TITLE
Chief Personnel Officer
AGE
47

Erik Frännlid

TITLE
Director of Product Management
Board of Directors Tenure

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

3.4
Average Tenure
56.5
Average Age
  • The tenure for the Axis board of directors is about average.
Board of Directors

Biörn Riese

TITLE
Chairman of the Board
COMPENSATION
SEK800K
AGE
65
TENURE
3.4 yrs

Martin Gren

TITLE
Director
COMPENSATION
SEK1M
AGE
56
TENURE
34.8 yrs

Håkan Kirstein

TITLE
Director
COMPENSATION
SEK400K
AGE
49
TENURE
3.4 yrs

Toshizo Tanaka

TITLE
Director
AGE
78
TENURE
3.4 yrs

Haris Mustafic

TITLE
Employee Representative Director
AGE
35
TENURE
3.1 yrs

Mats Friberg

TITLE
Employee Representative Director
AGE
51
TENURE
3.8 yrs

Malte Lennerstedt

TITLE
Employee Representative Director
AGE
48
TENURE
1.8 yrs

Farzin Zadeh

TITLE
Employee Representative Director
AGE
57
TENURE
1.8 yrs

Marianne Brismar

TITLE
Director
AGE
57
TENURE
0.6 yrs

Cristian Ionescu-Idbohrn

TITLE
Director
AGE
65
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (SEK) Value (SEK)
12. Nov 18 Buy Canon Inc. Company 09. Nov 18 09. Nov 18 500 SEK363.50 SEK181,750.00
02. Nov 18 Buy Canon Inc. Company 30. Oct 18 30. Oct 18 200 SEK363.50 SEK72,700.00
30. Oct 18 Buy Canon Inc. Company 26. Oct 18 29. Oct 18 1,974 SEK363.85 SEK717,823.39
26. Oct 18 Buy Canon Inc. Company 22. Oct 18 25. Oct 18 8,769,425 SEK368.20 SEK3,227,837,716.14
X
Management checks
We assess Axis's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Axis has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

External News
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Simply Wall St News

How Does Axis AB (publ)'s (STO:AXIS) Earnings Growth Stack Up Against Industry Performance?

Measuring Axis AB (publ)'s (STO:AXIS) track record of past performance is a valuable exercise for investors. … Today I will assess AXIS's recent performance announced on 30 June 2018 and compare these figures to its historical trend and industry movements. … How Did AXIS's Recent Performance Stack Up Against Its Past.

Simply Wall St -

Understanding Your Return On Investment In Axis AB (publ) (STO:AXIS)

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Axis’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit

Simply Wall St -

Does Axis AB (publ)'s (STO:AXIS) PE Ratio Signal A Selling Opportunity?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Axis AB (publ) (STO:AXIS) is currently trading at a trailing P/E of 33.5x, which is higher than the industry average of 0x. … While AXIS might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Axis AB (publ)'s (STO:AXIS) Earnings Dropped -2.38%, How Did It Fare Against The Industry?

Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. … In this article, I will take a look at Axis AB (publ)'s (STO:AXIS) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Commentary On AXIS's Past Performance

Simply Wall St -

Who Are The Major Shareholders In Axis AB (publ) (STO:AXIS)?

View our latest analysis for Axis OM:AXIS Ownership_summary May 21st 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … Public Company Ownership Potential investors in AXIS should also look at another important group of investors: other public companies, with a stake of 86.63%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in AXIS need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Axis AB (publ) (STO:AXIS): Financial Strength Analysis

Mid-caps stocks, like Axis AB (publ) (OM:AXIS) with a market capitalization of KR23.41B, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … View our latest analysis for Axis Does AXIS face the risk of succumbing to its debt-load? … Investors' risk associated with debt is virtually non-existent with AXIS, and the company has plenty of headroom and ability to raise debt should it need to in the future.

Simply Wall St -

Is Axis AB (publ) (STO:AXIS) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for AXIS Price per share = SEK332 Earnings per share = SEK10.593 ∴ Price-Earnings Ratio = SEK332 ÷ SEK10.593 = 31.3x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with AXIS, then investors would naturally value AXIS at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with AXIS, investors would also value AXIS at a higher price since it is a higher growth investment.

Simply Wall St -

Want To Invest In Axis AB (publ) (STO:AXIS)? Here's How It Performed Lately

Today I will take a look at Axis AB (publ)'s (OM:AXIS) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the electronic industry performed. … See our latest analysis for Axis Did AXIS's recent earnings growth beat the long-term trend and the industry? … Given that these values are fairly nearsighted, I’ve computed an annualized five-year figure for AXIS's earnings, which stands at KR539.61M This means that, on average, Axis has been able to steadily improve its bottom line over the last few years as well.

Simply Wall St -

With An ROE Of 23.93%, Has Axis AB (publ)'s (STO:AXIS) Management Done Well?

See our latest analysis for Axis Breaking down Return on Equity Return on Equity (ROE) weighs Axis’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Axis’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OM:AXIS Last Perf Mar 9th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Company Info

Map
Description

Axis AB (publ) provides network video solutions in Europe, the Middle East, Africa, the Americas, and Asia. It offers products and solutions for security and video surveillance. The company’s products include network cameras, video encoders, network video recorders, audio systems, and accessories, as well as video management software products; analytics and other applications; and access control products. It serves retail, transportation, banking and finance, critical infrastructure, government, education, industrial, healthcare, and commercial markets, as well as casinos, hotels and restaurants, safe cities, prisons and correctional facilities, data centers, and stadiums and venues. The company was founded in 1984 and is headquartered in Lund, Sweden. Axis AB (publ) is a subsidiary of Canon Inc.

Details
Name: Axis AB (publ)
AXIS
Exchange: OM
Founded: 1984
SEK25,214,433,750
69,461,250
Website: http://www.axis.com
Address: Axis AB (publ)
Emdalavägen 14,
Lund,
Skåne County, 223 69,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AXIS Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 27. Jun 2000
OTCPK AXSA.F Ordinary Shares Pink Sheets LLC US USD 27. Jun 2000
DB XIS Ordinary Shares Deutsche Boerse AG DE EUR 27. Jun 2000
LSE 0GWC Ordinary Shares London Stock Exchange GB SEK 27. Jun 2000
BATS-CHIXE AXISS Ordinary Shares BATS 'Chi-X Europe' GB SEK 27. Jun 2000
Number of employees
Current staff
Staff numbers
3,143
Axis employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/13 18:20
End of day share price update: 2018/11/13 00:00
Last estimates confirmation: 2017/01/27
Last earnings filing: 2018/10/18
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.