OM:CONF

Stock Analysis Report

Confidence International AB (publ.)

Executive Summary

Confidence International AB (publ.), a systems integrator, designs and delivers security solutions primarily in Sweden.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Confidence International AB (publ.)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CONF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.8%

CONF

-9.3%

SE Electronic

-9.5%

SE Market


1 Year Return

-39.3%

CONF

8.2%

SE Electronic

12.3%

SE Market

Return vs Industry: CONF underperformed the Swedish Electronic industry which returned 8.2% over the past year.

Return vs Market: CONF underperformed the Swedish Market which returned 12.3% over the past year.


Shareholder returns

CONFIndustryMarket
7 Day-12.8%-9.3%-9.5%
30 Day25.9%-6.8%-3.8%
90 Day134.5%-2.7%0.6%
1 Year37.6%-39.3%9.6%8.2%16.5%12.3%
3 Year-87.7%-96.7%36.2%30.4%25.5%7.5%
5 Year-66.3%-93.2%98.7%83.0%34.9%7.5%

Price Volatility Vs. Market

How volatile is Confidence International AB (publ.)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Confidence International AB (publ.) undervalued compared to its fair value and its price relative to the market?

2.52x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CONF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CONF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CONF is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: CONF is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CONF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CONF is good value based on its PB Ratio (2.5x) compared to the SE Electronic industry average (3x).


Next Steps

Future Growth

How is Confidence International AB (publ.) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.1%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Confidence International AB (publ.) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Confidence International AB (publ.) performed over the past 5 years?

-37.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CONF is currently unprofitable.

Growing Profit Margin: CONF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CONF is unprofitable, and losses have increased over the past 5 years at a rate of -37.3% per year.

Accelerating Growth: Unable to compare CONF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CONF is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (8.3%).


Return on Equity

High ROE: CONF has a negative Return on Equity (-81.38%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Confidence International AB (publ.)'s financial position?


Financial Position Analysis

Short Term Liabilities: CONF's short term assets (SEK33.9M) do not cover its short term liabilities (SEK49.6M).

Long Term Liabilities: CONF's short term assets (SEK33.9M) exceed its long term liabilities (SEK1.7M).


Debt to Equity History and Analysis

Debt Level: CONF's debt to equity ratio (115.3%) is considered high.

Reducing Debt: CONF's debt to equity ratio has increased from 33% to 115.3% over the past 5 years.


Balance Sheet

Inventory Level: CONF has a low level of unsold assets or inventory.

Debt Coverage by Assets: CONF's debt is covered by short term assets (assets are 1.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CONF has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CONF has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.1% each year


Next Steps

Dividend

What is Confidence International AB (publ.)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.7%markettop25%4.5%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CONF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CONF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CONF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CONF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CONF's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

Par Nilsson (46yo)

3.1yrs

Tenure

kr1,180,000

Compensation

Mr. Pär Nilsson serves as Chief Executive Officer at Confidence International AB since 2017 and served as Chief Financial Officer since 2015. Mr. Nilsson served as Chief Financial Officer and Chief Executi ...


CEO Compensation Analysis

Compensation vs Market: Par's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD208.78K).

Compensation vs Earnings: Insufficient data to compare Par's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Par Nilsson
Chief Executive Officer3.1yrskr1.18m0.17% SEK97.9k
Anna Tjernell
Chief Finance Officer3.1yrsno datano data
Mikael Hägglund
Sales Manager & Product Manager7.1yrsno datano data
Mikael Pettersson
Director of Sales & Production0yrsno data0.043% SEK24.5k
Marie Snidare
Production Manager0yrsno data0.043% SEK24.5k
Patrik Frithiof
Managing Director of NOC Security Products AB0yrsno datano data
Terry Byrne
Managing Director of Confidence Ireland Operations20.1yrsno datano data

5.1yrs

Average Tenure

46yo

Average Age

Experienced Management: CONF's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ulf Engerby
Independent Director5.1yrskr105.00k0.64% SEK363.1k
Gerth Svensson
Chairman5.1yrskr263.00k0.33% SEK188.1k
Samir Taha
Deputy Chairman8.1yrskr105.00k2.11% SEK1.2m
Thomas Lundin
Independent Director2.1yrsno data0.27% SEK153.3k

5.1yrs

Average Tenure

56yo

Average Age

Experienced Board: CONF's board of directors are considered experienced (5.1 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 851.6%.


Top Shareholders

Company Information

Confidence International AB (publ.)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Confidence International AB (publ.)
  • Ticker: CONF
  • Exchange: OM
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr57.057m
  • Shares outstanding: 15.50m
  • Website: https://www.confidence.se

Location

  • Confidence International AB (publ.)
  • Esplanade 3 B
  • Sundbyberg
  • Stockholm County
  • 172 67
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CONFOM (OMX Nordic Exchange Stockholm)YesSeries B SharesSESEKJan 2007

Biography

Confidence International AB (publ.), a systems integrator, designs and delivers security solutions primarily in Sweden. The company offers a portfolio of independent integrated products and services in the areas of security analysis, security, access control, fire protection and alarm, camera, video, and IT infrastructure. It also provides fire protection technology products, such as fire alarms. In addition, the company offers security technology solutions, including burglar alarm systems, access control systems, and camera systems, as well as access key cards. Further, it provides analysis and advisory, technical installation, and maintenance services. The company serves clients in infrastructure, real estate, and hotel and conference, as well as industrial, office, and property industries. Confidence International AB (publ.) is based in Sundbyberg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 20:44
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.