OM:DORO

Stock Analysis Report

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Executive Summary

Doro AB (publ), a technology company, develops products and services for seniors.


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

DOROIndustryMarket
7 Day-1.2%2.0%4.9%
30 Day3.8%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

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

NamePositionTenureCompensationOwnership
Carl-Johan Boudrie
President1yrkr4.27m0.033% SEK263.1k
Linda Nilsson
Chief Financial Officer0.17yrno datano data
Carl-Johan Rijpma
Vice President of Operations3.33yrsno data0.013% SEK99.3k
Annika Ramsing
Chief Human Resources Officer2.33yrsno datano data
Jonas Norberg
0.33yrno datano 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

NamePositionTenureCompensationOwnership
Henri Österlund
Independent Vice Chairman3.58yrskr333.00k0.029% SEK226.1k
Josephine Salenstedt
Independent Director2.33yrskr250.00kno data
Lennart Jacobsen
Independent Chairman of the Board1.33yrskr400.00k0.042% SEK331.0k
Cecilia Ardström
Director0.083yrno datano data
Juha Mort
Independent Director0.083yrno datano data
Towa Jexmark
Independent Director1.33yrskr167.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DOROOM (OMX Nordic Exchange Stockholm)YesClass A SharesSESEKMay 2006
0HW6LSE (London Stock Exchange)YesClass A SharesGBSEKMay 2006
DR8ADB (Deutsche Boerse AG)YesClass A SharesDEEURMay 2006
DOROSBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBSEKMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 12:03
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
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.