Executive Summary
Doro AB (publ), a technology company, develops products and services for seniors.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with excellent balance sheet.
Share Price & News
How has Doro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DORO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.2%
DORO
2.0%
SE Tech
4.9%
SE Market
1 Year Return
-6.0%
DORO
35.1%
SE Tech
8.2%
SE Market
Return vs Industry: DORO underperformed the Swedish Tech industry which returned 35.1% over the past year.
Return vs Market: DORO underperformed the Swedish Market which returned 8.2% over the past year.
Shareholder returns
| DORO | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 2.0% | 4.9% |
| 30 Day | 3.8% | 16.7% | 6.9% |
| 90 Day | -16.9% | 27.7% | -1.5% |
| 1 Year | -6.0%-6.0% | 37.3%35.1% | 9.6%8.2% |
| 3 Year | -41.9%-41.9% | 17.5%11.8% | 12.7%-2.6% |
| 5 Year | -17.7%-19.1% | 89.5%68.2% | 30.0%4.7% |
Price Volatility Vs. Market
How volatile is Doro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Why Doro AB (publ)’s (STO:DORO) Use Of Investor Capital Doesn’t Look Great3 months ago | Simply Wall St
Doro AB (publ) (STO:DORO): Does The -15% Earnings Drop Reflect A Longer Term Trend?3 months ago | Simply Wall St
Is Doro AB (publ)'s (STO:DORO) ROE Of 11% Impressive?Valuation
Is Doro undervalued compared to its fair value and its price relative to the market?
27.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DORO (SEK33.1) is trading below our estimate of fair value (SEK45.43)
Significantly Below Fair Value: DORO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DORO is good value based on its PE Ratio (10.2x) compared to the Tech industry average (19.5x).
PE vs Market: DORO is good value based on its PE Ratio (10.2x) compared to the Swedish market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: DORO is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: DORO is good value based on its PB Ratio (1x) compared to the XE Tech industry average (1.3x).
Next Steps
Future Growth
How is Doro forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
23.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DORO's forecast earnings growth (23.7% per year) is above the savings rate (0.5%).
Earnings vs Market: DORO's earnings (23.7% per year) are forecast to grow faster than the Swedish market (17% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DORO's revenue (5% per year) is forecast to grow slower than the Swedish market (5.9% per year).
High Growth Revenue: DORO's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DORO's Return on Equity is forecast to be low in 3 years time (10.3%).
Next Steps
Past Performance
How has Doro performed over the past 5 years?
12.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DORO has high quality earnings.
Growing Profit Margin: DORO's current net profit margins (3.8%) are lower than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: DORO's earnings have grown by 12.4% per year over the past 5 years.
Accelerating Growth: DORO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DORO had negative earnings growth (-12.8%) over the past year, making it difficult to compare to the Tech industry average (-12.7%).
Return on Equity
High ROE: DORO's Return on Equity (9.5%) is considered low.
Next Steps
Financial Health
How is Doro's financial position?
Financial Position Analysis
Short Term Liabilities: DORO's short term assets (SEK750.0M) exceed its short term liabilities (SEK444.1M).
Long Term Liabilities: DORO's short term assets (SEK750.0M) exceed its long term liabilities (SEK357.4M).
Debt to Equity History and Analysis
Debt Level: DORO's debt to equity ratio (36.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DORO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DORO's debt is well covered by operating cash flow (67.6%).
Interest Coverage: DORO's interest payments on its debt are well covered by EBIT (117.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Doro's current dividend yield, its reliability and sustainability?
3.30%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DORO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DORO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DORO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DORO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: DORO is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DORO'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?
1.0yrs
Average management tenure
CEO
Carl-Johan Boudrie (41yo)
1
Tenure
kr4,270,410
Compensation
Mr. Carl-Johan Zetterberg Boudrie has been Chief Executive Officer and President at Doro AB (publ) since May 13, 2019 and its Acting CTIO. Mr. Boudrie serves as a Director of Wealden and Eastbourne Lifelin ...
CEO Compensation Analysis
Compensation vs Market: Carl-Johan's total compensation ($USD448.31K) is above average for companies of similar size in the Swedish market ($USD214.51K).
Compensation vs Earnings: Insufficient data to compare Carl-Johan's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1yr | kr4.27m | 0.033% SEK263.1k | |
| Chief Financial Officer | 0.17yr | no data | no data | |
| Vice President of Operations | 3.33yrs | no data | 0.013% SEK99.3k | |
| Chief Human Resources Officer | 2.33yrs | no data | no data | |
| 0.33yr | no data | no data |
1.0yrs
Average Tenure
44yo
Average Age
Experienced Management: DORO's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Vice Chairman | 3.58yrs | kr333.00k | 0.029% SEK226.1k | |
| Independent Director | 2.33yrs | kr250.00k | no data | |
| Independent Chairman of the Board | 1.33yrs | kr400.00k | 0.042% SEK331.0k | |
| Director | 0.083yr | no data | no data | |
| Independent Director | 0.083yr | no data | no data | |
| Independent Director | 1.33yrs | kr167.00k | no data |
1.3yrs
Average Tenure
48yo
Average Age
Experienced Board: DORO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Doro AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Doro AB (publ)
- Ticker: DORO
- Exchange: OM
- Founded: 1974
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: kr786.639m
- Shares outstanding: 23.77m
- Website: https://www.doro.com
Number of Employees
Location
- Doro AB (publ)
- Jörgen Kocksgatan 1B
- Malmö
- Skåne County
- 211 20
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DORO | OM (OMX Nordic Exchange Stockholm) | Yes | Class A Shares | SE | SEK | May 2006 |
| 0HW6 | LSE (London Stock Exchange) | Yes | Class A Shares | GB | SEK | May 2006 |
| DR8A | DB (Deutsche Boerse AG) | Yes | Class A Shares | DE | EUR | May 2006 |
| DOROS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class A Shares | GB | SEK | May 2006 |
Biography
Doro AB (publ), a technology company, develops products and services for seniors. It offers easy-to-use mobile phone, home telephones, and accessories; social alarms, mobile social and GPS-alarms, and telecare accessories; and products for remote supervision, fall management, and medical adherence, as well as various triggers for users with special needs. The company also provides end-to-end digital alarm chain services. It sells its products in approximately 27 countries primarily through a network of telecom operators, distributors, specialists, and dealers. The company was founded in 1974 and is headquartered in Malmö, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/29 12:03 |
| End of Day Share Price | 2020/05/28 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.