Christian Berner Tech Trade AB (publ) supplies technical components, equipment, and materials to businesses and public sector organizations in the Nordic countries.
Undervalued with acceptable track record.
Share Price & News
How has Christian Berner Tech Trade's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CBTT B's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CBTT B underperformed the Swedish Electronic industry which returned -14.7% over the past year.
Return vs Market: CBTT B underperformed the Swedish Market which returned -10.3% over the past year.
Price Volatility Vs. Market
How volatile is Christian Berner Tech Trade's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Does Christian Berner Tech Trade's (STO:CBTT B) P/E Compare To Its Industry, After The Share Price Drop?
2 weeks ago | Simply Wall StAt kr20.10, Is It Time To Put Christian Berner Tech Trade AB (publ) (STO:CBTT B) On Your Watch List?
4 weeks ago | Simply Wall StDid You Miss Christian Berner Tech Trade's (STO:CBTT B) Impressive 156% Share Price Gain?
Is Christian Berner Tech Trade undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CBTT B (SEK16.5) is trading below our estimate of fair value (SEK32.47)
Significantly Below Fair Value: CBTT B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CBTT B is good value based on its PE Ratio (8.1x) compared to the Electronic industry average (16.4x).
PE vs Market: CBTT B is good value based on its PE Ratio (8.1x) compared to the Swedish market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: CBTT B is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: CBTT B is good value based on its PB Ratio (2x) compared to the SE Electronic industry average (2.2x).
How is Christian Berner Tech Trade forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBTT B's forecast earnings growth (7.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: CBTT B's earnings (7.6% per year) are forecast to grow slower than the Swedish market (7.8% per year).
High Growth Earnings: CBTT B's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBTT B's revenue (3% per year) is forecast to grow slower than the Swedish market (4.1% per year).
High Growth Revenue: CBTT B's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CBTT B's Return on Equity is forecast to be high in 3 years time (22%)
How has Christian Berner Tech Trade performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBTT B has high quality earnings.
Growing Profit Margin: CBTT B's current net profit margins (5.4%) are lower than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: CBTT B's earnings have grown significantly by 23.2% per year over the past 5 years.
Accelerating Growth: CBTT B's earnings growth over the past year (0.4%) is below its 5-year average (23.2% per year).
Earnings vs Industry: CBTT B earnings growth over the past year (0.4%) underperformed the Electronic industry 8.3%.
Return on Equity
High ROE: CBTT B's Return on Equity (24.7%) is considered high.
How is Christian Berner Tech Trade's financial position?
Financial Position Analysis
Short Term Liabilities: CBTT B's short term assets (SEK184.6M) do not cover its short term liabilities (SEK188.7M).
Long Term Liabilities: CBTT B's short term assets (SEK184.6M) exceed its long term liabilities (SEK82.6M).
Debt to Equity History and Analysis
Debt Level: CBTT B's debt to equity ratio (50.1%) is considered high.
Reducing Debt: CBTT B's debt to equity ratio has increased from 6.4% to 50.1% over the past 5 years.
Debt Coverage: CBTT B's debt is well covered by operating cash flow (90.4%).
Interest Coverage: CBTT B's interest payments on its debt are well covered by EBIT (22.9x coverage).
Inventory Level: CBTT B has a high level of physical assets or inventory.
Debt Coverage by Assets: CBTT B's debt is covered by short term assets (assets are 2.4x debt).
What is Christian Berner Tech Trade's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CBTT B's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Swedish market (2.14%).
High Dividend: CBTT B's dividend (4.55%) is low compared to the top 25% of dividend payers in the Swedish market (6.55%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CBTT B has been paying a dividend for less than 10 years.
Growing Dividend: CBTT B's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.9%), CBTT B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CBTT B's dividends in 3 years are forecast to be well covered by earnings (39.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bo Söderqvist (56yo)
Mr. Bo Söderqvist has been Chief Executive Officer and President ofChristian Berner Tech Trade AB (publ) since 2010. Mr. Söderqvist serves as the Chief Executive Officer of Christian Berner AB. Mr. Söderqv ...
|CEO & President||10.17yrs||no data||1.18% SEK3.6m|
|Chief Financial Officer||2.17yrs||no data||0.0024% SEK7.4k|
|Chief Information Officer||0.33yr||no data||no data|
|Marketing Manager||no data||no data||no data|
|Chief Executive Officer of Christian Berner AS||3.17yrs||no data||no data|
|Chief Executive Officer at Zander & Ingeström AB||0.33yr||no data||no data|
|CEO of Christian Berner Oy||14.17yrs||no data||0.047% SEK144.0k|
|CEO of Christian Berner AB & Supply Chain Director||no data||no data||0.054% SEK165.0k|
|CEO of A/S Christian Berner||no data||no data||0.012% SEK36.0k|
Experienced Management: CBTT B's management team is considered experienced (2.7 years average tenure).
|Independent Director||6.17yrs||kr202.00k||0.14% SEK435.0k|
|Director||16.17yrs||no data||no data|
|Chairman of the Board||5.75yrs||no data||no data|
|Independent Director||5.17yrs||kr132.00k||0.0064% SEK19.8k|
|Board Member||2.17yrs||kr89.00k||no data|
|Director||1.17yrs||no data||no data|
Experienced Board: CBTT B's board of directors are considered experienced (4.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Christian Berner Tech Trade AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Christian Berner Tech Trade AB (publ)
- Ticker: CBTT B
- Exchange: OM
- Founded: 1897
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: kr308.336m
- Shares outstanding: 18.69m
- Website: https://www.christianberner.com
Number of Employees
- Christian Berner Tech Trade AB (publ)
- Designvägen 1
- Box 88
- Västra Götaland County
- 435 22
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CBTT B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Oct 2014|
|0RNW||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Oct 2014|
|CBTTBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Oct 2014|
Christian Berner Tech Trade AB (publ) supplies technical components, equipment, and materials to businesses and public sector organizations in the Nordic countries. Its materials technology business is focused on the sale of a range of materials, including plastics, and vibration-damping and noise-reduction solutions; and process and environment business focus on customers with a need for process equipment and turnkey systems. The company is also involved in the provision of consultation, analysis of the customer's technical requirements, development, installation, and services. It primarily serves pulp and paper, engineering, construction, and food industries, as well as petrochemicals and refineries. Christian Berner Tech Trade AB (publ) was founded in 1897 and is headquartered in Mölnlycke, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 22:50|
|End of Day Share Price||2020/03/30 00:00|
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.