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Edgeware

OM:EDGE
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EDGE
OM
SEK394M
Market Cap
  1. Home
  2. SE
  3. Tech
Company description

Edgeware AB (publ) develops, markets, and sells streaming solutions for distributing TV and video content to viewers over Internet. The last earnings update was 24 days ago. More info.


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EDGE Share Price and Events
7 Day Returns
4.1%
OM:EDGE
2.5%
SE Communications
0.8%
SE Market
1 Year Returns
-19.4%
OM:EDGE
32.9%
SE Communications
-0.6%
SE Market
EDGE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Edgeware (EDGE) 4.1% 0.6% 3.2% -19.4% - -
SE Communications 2.5% -3.6% 4.7% 32.9% 40.8% -8.7%
SE Market 0.8% -2.3% 2.4% -0.6% 14.3% 18.2%
1 Year Return vs Industry and Market
  • EDGE underperformed the Communications industry which returned 32.9% over the past year.
  • EDGE underperformed the Market in Sweden which returned -0.6% over the past year.
Price Volatility
EDGE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Edgeware 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 Edgeware 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 Edgeware.

OM:EDGE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

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:EDGE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 22%) (3.13%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.065 * 5.96%)
6.78%

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

The calculations below outline how an intrinsic value for Edgeware is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OM:EDGE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.78%)
2019 3.71 Est @ -50.04% 3.47
2020 2.41 Est @ -34.9% 2.12
2021 1.83 Est @ -24.3% 1.50
2022 1.52 Est @ -16.88% 1.17
2023 1.34 Est @ -11.69% 0.97
2024 1.23 Est @ -8.05% 0.83
2025 1.16 Est @ -5.5% 0.74
2026 1.12 Est @ -3.72% 0.66
2027 1.09 Est @ -2.48% 0.61
2028 1.08 Est @ -1.6% 0.56
Present value of next 10 years cash flows SEK12.61
OM:EDGE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK1.08 × (1 + 0.43%) ÷ (6.78% – 0.43%)
SEK17.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK17.03 ÷ (1 + 6.78%)10
SEK8.84
OM:EDGE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK12.61 + SEK8.84
SEK21.45
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK21.45 / 30.04
SEK0.71
OM:EDGE Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK0.71
Current discount Discount to share price of SEK13.10
= -1 x (SEK13.10 - SEK0.71) / SEK0.71
-1734.7%

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

  • The current share price of Edgeware 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 Edgeware's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Edgeware's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:EDGE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK0.10
OM:EDGE Share Price ** OM (2019-05-17) in SEK SEK13.1
Europe Communications Industry PE Ratio Median Figure of 23 Publicly-Listed Communications Companies 20.59x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.89x

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

** Primary Listing of Edgeware.

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

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

= 13.1 ÷ 0.10

131.19x

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

  • Edgeware is overvalued based on earnings compared to the Europe Communications industry average.
  • Edgeware is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Edgeware's expected growth come at a high price?
Raw Data
OM:EDGE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 131.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
46.2%per year
Europe Communications Industry PEG Ratio Median Figure of 12 Publicly-Listed Communications Companies 1.7x
Sweden Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

OM:EDGE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 131.19x ÷ 46.2%

2.84x

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

  • Edgeware is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Edgeware's assets?
Raw Data
OM:EDGE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK7.93
OM:EDGE Share Price * OM (2019-05-17) in SEK SEK13.1
Sweden Communications Industry PB Ratio Median Figure of 10 Publicly-Listed Communications Companies 1.78x
Sweden Market PB Ratio Median Figure of 567 Publicly-Listed Companies 2.46x
OM:EDGE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.1 ÷ 7.93

1.65x

* Primary Listing of Edgeware.

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

  • Edgeware is good value based on assets compared to the SE Communications industry average.
X
Value checks
We assess Edgeware'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Edgeware has a total score of 1/6, 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 Edgeware expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
46.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Edgeware expected to grow at an attractive rate?
  • Edgeware's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Edgeware's earnings growth is expected to exceed the Sweden market average.
  • Edgeware's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:EDGE Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:EDGE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 46.2%
OM:EDGE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.5%
Sweden Communications Industry Earnings Growth Rate Market Cap Weighted Average 25.6%
Sweden Communications Industry Revenue Growth Rate Market Cap Weighted Average 3%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:EDGE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:EDGE Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 282 45 22 1
2020-12-31 269 39 19 1
2019-12-31 249 30 14 1
OM:EDGE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 237 23 3
2018-12-31 232 12 -7
2018-09-30 221 7 -14
2018-06-30 226 -20 -13
2018-03-31 217 -1 -12
2017-12-31 237 -3 8
2017-09-30 253 19 12
2017-06-30 246 31 10
2017-03-31 257 52 18
2016-12-31 252 45 16
2016-09-30 232 15 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Edgeware's earnings are expected to grow significantly at over 20% yearly.
  • Edgeware's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
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:EDGE 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 1 Analyst Estimates (S&P Global) See Below

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

OM:EDGE Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.74 0.74 0.74 1.00
2020-12-31 0.63 0.63 0.63 1.00
2019-12-31 0.46 0.46 0.46 1.00
OM:EDGE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 0.10
2018-12-31 -0.22
2018-09-30 -0.46
2018-06-30 -0.44
2018-03-31 -0.40
2017-12-31 0.25
2017-09-30 0.40
2017-06-30 0.35
2017-03-31 0.67
2016-12-31 0.63
2016-09-30 0.33

*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.
  • Edgeware is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Edgeware'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.
Edgeware has a total score of 4/6, 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 Edgeware 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 Edgeware's growth in the last year to its industry (Communications).
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.
  • Edgeware's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Edgeware has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Edgeware has become profitable in the last year making it difficult to compare the Europe Communications industry average.
Earnings and Revenue History
Edgeware'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 Edgeware Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:EDGE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 236.50 3.00 105.20 54.90
2018-12-31 231.90 -6.60 112.80 53.40
2018-09-30 221.20 -13.90 115.70 55.90
2018-06-30 226.40 -13.20 116.10 58.30
2018-03-31 216.50 -12.00 113.80 57.10
2017-12-31 236.80 7.50 108.70 56.10
2017-09-30 253.10 11.60 97.10 56.20
2017-06-30 246.10 9.70 93.80 55.30
2017-03-31 257.30 17.70 92.20 53.40
2016-12-31 252.20 15.70 88.70 51.90
2016-09-30 232.36 13.80 96.75 47.90
2015-12-31 203.56 10.80 86.95 40.00
2014-12-31 148.18 10.75 61.11 32.77
2013-12-31 128.25 1.93 51.37 31.32

*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.
  • Edgeware has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Edgeware used its assets less efficiently than the Europe Communications industry average last year based on Return on Assets.
  • Edgeware's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Edgeware'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 Communications 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.
Edgeware has a total score of 0/6, 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 Edgeware'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 Edgeware's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Edgeware is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Edgeware's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Edgeware'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 20.2x debt.
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 Edgeware Company Filings, last reported 1 month ago.

OM:EDGE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 238.20 12.30 173.60
2018-12-31 238.10 0.00 168.00
2018-09-30 228.00 0.00 151.80
2018-06-30 224.30 0.00 144.50
2018-03-31 234.60 0.00 175.10
2017-12-31 244.70 0.00 172.80
2017-09-30 240.60 0.00 160.70
2017-06-30 236.00 0.00 180.70
2017-03-31 244.40 0.00 194.50
2016-12-31 234.10 0.00 194.60
2016-09-30 89.40 0.00 22.50
2015-12-31 68.28 10.18 21.06
2014-12-31 60.30 10.14 17.22
2013-12-31 51.82 10.08 13.04
  • Edgeware's level of debt (5.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.7% vs 5.2% today).
  • Debt is well covered by operating cash flow (187.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 25.5x coverage).
X
Financial health checks
We assess Edgeware'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. Edgeware 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 Edgeware'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%
Current annual income from Edgeware dividends. Estimated to be 0% next year.
If you bought SEK2,000 of Edgeware shares you are expected to receive SEK0 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?
  • Unable to evaluate Edgeware's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Edgeware's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:EDGE 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 1 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 243 Stocks 3.2%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.8%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

OM:EDGE Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Edgeware has not reported any payouts.
  • Unable to verify if Edgeware's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Edgeware's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Edgeware has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Edgeware's dividends in 3 years as they are not expected to pay a notable one for Sweden.
X
Income/ dividend checks
We assess Edgeware'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 Edgeware afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Edgeware 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 Edgeware'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
Karl Thedéen
COMPENSATION SEK3,400,000
AGE 55
TENURE AS CEO 1.3 years
CEO Bio

Mr. Karl Thedéen has been CEO of Edgeware AB (publ) since February 13, 2018 and had served as its Director until May 4, 2018. Mr. Thedéen served as the Head of Metro Business Group and Senior Vice President at Infinera Corporation since October 6, 2015 until November 13, 2017. Mr. Thedéen served as the Chief Executive Officer of Transmode AB (publ) from March 2007 to 2015. He held other positions within Ericsson including a period in the UK from 1995 to 1996 as an Account Manager on the Ericsson BT account team. He joined Infinera in August 2015. He served as an Account Executive for the TeliaSonera at from 2004 to 2006 and account from 2002 to 2004. He held senior management roles at Ericsson including Vice President and Head of Product Area Wireline from 2004 to 2007. He was responsible for wireline products and new product introduction. Mr. Thedéen held a number of senior management roles in both sales and product management and also undertook a period in the Swedish Naval Reserve. He served as a Commissioner of Latour Industries International AB. He serves as a Board member of Kabona AB. He has been a Director of Semcon AB since April 28, 2016. He served as a Director of HMS Networks AB (publ) from April 28, 2014 to April 29, 2016; Network Technologies AB and Transmode AB (publ). Mr. Thedéen holds MS in Systems Engineering from KTH Kungliga Tekniska Högskolan.

CEO Compensation
  • Karl's compensation has increased in line with Edgeware recently becoming profitable.
  • Karl's remuneration is higher than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Edgeware management team in years:

1.3
Average Tenure
48
Average Age
  • The average tenure for the Edgeware management team is less than 2 years, this suggests a new team.
Management Team

Karl Thedéen

TITLE
Chief Executive Officer
COMPENSATION
SEK3M
AGE
55
TENURE
1.3 yrs

Lukas Holm

TITLE
Co-Founder & Senior H/W Engineer
COMPENSATION
SEK1M
AGE
52
TENURE
15.3 yrs

Kalle Henriksson

TITLE
Co-Founder & Chief Platform Architect
COMPENSATION
SEK1M
AGE
47
TENURE
15.3 yrs

Annika Norin

TITLE
Chief Financial Officer
AGE
48
TENURE
0.3 yrs

Johan Bolin

TITLE
Chief Product & Technology Officer
AGE
42
TENURE
0.3 yrs

Richard Berg

TITLE
General Counsel
AGE
51
TENURE
6.3 yrs

Luis Beute

TITLE
Vice President of Sales & Field Operations
AGE
48
TENURE
0.3 yrs
Board of Directors Tenure

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

1
Average Tenure
59.5
Average Age
  • The average tenure for the Edgeware board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Ruffolo

TITLE
Chairman of the Board
COMPENSATION
SEK2M
AGE
57

Kent Sander

TITLE
Director
COMPENSATION
SEK200K
AGE
65
TENURE
3.3 yrs

Tuija Soanjärvi

TITLE
Director
COMPENSATION
SEK200K
AGE
63
TENURE
1 yrs

Sigrun Hjelmquist

TITLE
Director
COMPENSATION
SEK200K
AGE
62
TENURE
3.3 yrs

Arnd Benninghoff

TITLE
Director
COMPENSATION
SEK200K
AGE
49
TENURE
1 yrs

Jonas Hasselberg

TITLE
Director
COMPENSATION
SEK200K
AGE
51
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
16. Nov 18 Buy Michael Ruffolo Individual 14. Nov 18 15. Nov 18 6,705 SEK13.57 SEK87,857
X
Management checks
We assess Edgeware'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. Edgeware 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

Simply Wall St News

Who Has Been Buying Edgeware AB (publ) (STO:EDGE) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Edgeware AB (publ) (STO:EDGE). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Edgeware Insider Transactions Over The Last Year

Simply Wall St -

Some Edgeware Shareholders Are Down 29%

When a company doesn't yet make profits, we'd generally expect to see good revenue growth. … That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. … That seems pretty reasonable given the lack of both profits and revenue growth.

Simply Wall St -

What Kind Of Shareholders Own Edgeware AB (publ) (STO:EDGE)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Companies that have been privatized tend to have low insider ownership. … institutions own shares in the company.

Simply Wall St -

What You Must Know About Edgeware AB (publ)'s (STO:EDGE) Financial Strength

Edgeware AB (publ) (STO:EDGE), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is financial flexibility worth the lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

A Look At The Fair Value Of Edgeware AB (publ) (STO:EDGE)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

What You Must Know About Edgeware AB (publ)'s (STO:EDGE) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is EDGE growing fast enough to value financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Company Info

Description

Edgeware AB (publ) develops, markets, and sells streaming solutions for distributing TV and video content to viewers over Internet. The company offers TV subtitling, content capture, repackager, ad insertion, director, delivery, watermaker, system manager, and analytics; content delivery network selector; edge TV repackager; multitenancy; and fast channel change. It also provides deployment, network audit, online monitoring, and system customization services; and maintenance and support services, as well as training services for over-the top (OTT)/Internet protocol TV overview, and edgeware TV system overview and advanced courses. The company operates in Europe, the Middle East, and Africa; North and South America; and the Asia Pacific. It serves telecom and cable operators, as well as OTTs/broadcasters. Edgeware AB (publ) was founded in 2004 and is headquartered in Stockholm, Sweden.

Details
Name: Edgeware AB (publ)
EDGE
Exchange: OM
Founded: 2004
SEK393,563,404
30,043,008
Website: http://www.edgeware.tv
Address: Edgeware AB (publ)
Mäster Samuelsgatan 42,
12th Floor,
Stockholm,
Stockholm County, 111 57,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM EDGE Class C Common Shares OMX Nordic Exchange Stockholm SE SEK 09. Dec 2016
DB E5D Class C Common Shares Deutsche Boerse AG DE EUR 09. Dec 2016
LSE 0RKV Class C Common Shares London Stock Exchange GB SEK 09. Dec 2016
BATS-CHIXE EDGES Class C Common Shares BATS 'Chi-X Europe' GB SEK 09. Dec 2016
Number of employees
Current staff
Staff numbers
85
Edgeware employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 22:58
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.