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Hanza Holding

OM:HANZA
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HANZA
OM
SEK496M
Market Cap
  1. Home
  2. SE
  3. Tech
Company description

Hanza Holding AB (publ) provides manufacturing solutions in Sweden, Finland, Estonia, Poland, the Czech Republic, and China. The last earnings update was 79 days ago. More info.


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HANZA Share Price and Events
7 Day Returns
5.3%
OM:HANZA
1%
SE Electronic
0.2%
SE Market
1 Year Returns
11.9%
OM:HANZA
0.5%
SE Electronic
6.7%
SE Market
HANZA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hanza Holding (HANZA) 5.3% 1.6% -8.6% 11.9% 40.4% -31.9%
SE Electronic 1% -1% -5.4% 0.5% 18% 99.2%
SE Market 0.2% 2.3% 1.3% 6.7% 15.7% 21.6%
1 Year Return vs Industry and Market
  • HANZA outperformed the Electronic industry which returned 0.5% over the past year.
  • HANZA outperformed the Market in Sweden which returned 6.7% over the past year.
Price Volatility
HANZA
Industry
5yr Volatility vs Market
Related Companies

HANZA Value

 Is Hanza Holding 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 Hanza Holding 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 Hanza Holding.

OM:HANZA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:HANZA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 22%) (90.06%))
1.623
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.623 * 5.96%)
10.11%

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

The calculations below outline how an intrinsic value for Hanza Holding 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:HANZA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 10.11%)
2020 75.00 Analyst x1 68.11
2021 91.00 Analyst x1 75.06
2022 97.60 Est @ 7.26% 73.11
2023 102.69 Est @ 5.21% 69.86
2024 106.57 Est @ 3.78% 65.84
2025 109.53 Est @ 2.77% 61.46
2026 111.80 Est @ 2.07% 56.97
2027 113.56 Est @ 1.58% 52.56
2028 114.97 Est @ 1.24% 48.32
2029 116.11 Est @ 1% 44.32
Present value of next 10 years cash flows SEK615.61
OM:HANZA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK116.11 × (1 + 0.43%) ÷ (10.11% – 0.43%)
SEK1,205.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,205.27 ÷ (1 + 10.11%)10
SEK460.06
OM:HANZA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK615.61 + SEK460.06
SEK1,075.67
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,075.67 / 30.98
SEK34.72
OM:HANZA Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK34.72
Current discount Discount to share price of SEK16.00
= -1 x (SEK16.00 - SEK34.72) / SEK34.72
53.9%

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

Current Discount
Amount off the current price Hanza Holding is available for.
Intrinsic value
>50%
Share price is SEK16 vs Future cash flow value of SEK34.72
Current Discount Checks
For Hanza Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hanza Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hanza Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Hanza Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hanza Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:HANZA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK0.72
OM:HANZA Share Price ** OM (2019-07-17) in SEK SEK16
Sweden Electronic Industry PE Ratio Median Figure of 18 Publicly-Listed Electronic Companies 17.73x
Sweden Market PE Ratio Median Figure of 325 Publicly-Listed Companies 16.4x

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

** Primary Listing of Hanza Holding.

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

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

= 16 ÷ 0.72

22.33x

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

  • Hanza Holding is overvalued based on earnings compared to the SE Electronic industry average.
  • Hanza Holding is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Hanza Holding's expected growth come at a high price?
Raw Data
OM:HANZA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
37.9%per year
Sweden Electronic Industry PEG Ratio Median Figure of 15 Publicly-Listed Electronic Companies 1.59x
Sweden Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.33x ÷ 37.9%

0.59x

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

  • Hanza Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Hanza Holding's assets?
Raw Data
OM:HANZA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK14.14
OM:HANZA Share Price * OM (2019-07-17) in SEK SEK16
Sweden Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 2.75x
Sweden Market PB Ratio Median Figure of 572 Publicly-Listed Companies 2.58x
OM:HANZA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16 ÷ 14.14

1.13x

* Primary Listing of Hanza Holding.

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

  • Hanza Holding is good value based on assets compared to the SE Electronic industry average.
X
Value checks
We assess Hanza Holding'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Hanza Holding has a total score of 4/6, 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.

HANZA Future Performance

 How is Hanza Holding expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
37.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hanza Holding expected to grow at an attractive rate?
  • Hanza Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Hanza Holding's earnings growth is expected to exceed the Sweden market average.
  • Hanza Holding's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:HANZA Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:HANZA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 37.9%
OM:HANZA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8%
Sweden Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Sweden Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.2%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:HANZA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:HANZA Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,360 149 82 1
2020-12-31 2,121 140 58 2
2019-12-31 2,002 76 47 2
OM:HANZA Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 1,870 141 21
2018-12-31 1,811 114 21
2018-09-30 1,736 93 32
2018-06-30 1,629 97 25
2018-03-31 1,488 48 22
2017-12-31 1,400 72 16
2017-09-30 1,371 72 11
2017-06-30 1,342 45 5
2017-03-31 1,317 69 0
2016-12-31 1,306 42 2
2016-09-30 1,308 38 10
2016-06-30 1,321 54 57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hanza Holding's earnings are expected to grow significantly at over 20% yearly.
  • Hanza Holding's revenue is expected to grow by 8% 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:HANZA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Hanza Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:HANZA Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.63 2.63 2.63 1.00
2020-12-31 1.88 2.33 1.43 2.00
2019-12-31 1.52 1.84 1.19 2.00
OM:HANZA Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 0.72
2018-12-31 0.75
2018-09-30 1.21
2018-06-30 1.02
2018-03-31 0.96
2017-12-31 0.74
2017-09-30 0.48
2017-06-30 0.21
2017-03-31 -0.01
2016-12-31 0.09
2016-09-30 0.50
2016-06-30 3.16

*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.
  • Hanza Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hanza Holding'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.
Hanza Holding 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.

HANZA Past Performance

  How has Hanza Holding 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 Hanza Holding's growth in the last year to its industry (Electronic).
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.
  • Hanza Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • Hanza Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hanza Holding's 1-year earnings growth is negative, it can't be compared to the SE Electronic industry average.
Earnings and Revenue History
Hanza Holding'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 Hanza Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:HANZA 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 1,869.70 21.10 711.30
2018-12-31 1,810.60 20.80 694.10
2018-09-30 1,735.60 31.80 661.70
2018-06-30 1,628.70 24.90 619.90
2018-03-31 1,488.30 21.90 567.60
2017-12-31 1,399.70 16.40 530.30
2017-09-30 1,370.80 10.50 529.60
2017-06-30 1,342.30 4.50 527.60
2017-03-31 1,317.20 -0.20 527.40
2016-12-31 1,305.80 1.90 529.00
2016-09-30 1,308.20 10.20 518.10
2016-06-30 1,320.60 57.30 514.50
2016-03-31 1,279.00 50.50 487.00
2015-12-31 1,206.40 37.50 458.00
2015-09-30 1,112.90 20.30 430.30
2015-06-30 1,044.00 -33.90 402.40
2015-03-31 1,000.10 -37.20 394.20
2014-12-31 984.60 -33.60 378.30
2014-09-30 986.20 -29.80 370.20
2014-06-30 1,008.10 -20.20 370.70
2014-03-31 1,038.90 -18.30 369.40
2013-12-31 1,035.40 -23.50 375.40
2012-12-31 958.80 -13.50 384.10

*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.
  • Hanza Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hanza Holding used its assets less efficiently than the SE Electronic industry average last year based on Return on Assets.
  • Hanza Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hanza Holding'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 Electronic 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.
Hanza Holding has a total score of 2/6, 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.

HANZA Health

 How is Hanza Holding'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 Hanza Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hanza Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hanza Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hanza Holding'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x 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 Hanza Holding Company Filings, last reported 3 months ago.

OM:HANZA Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 438.00 337.90 91.60
2018-12-31 410.50 301.80 77.50
2018-09-30 410.20 361.00 72.10
2018-06-30 402.60 351.30 58.00
2018-03-31 388.90 368.90 39.80
2017-12-31 309.30 165.10 56.10
2017-09-30 298.20 198.30 49.30
2017-06-30 298.00 209.00 42.20
2017-03-31 286.00 217.40 42.20
2016-12-31 268.80 209.40 24.10
2016-09-30 274.90 250.50 20.50
2016-06-30 270.30 241.40 29.00
2016-03-31 262.20 272.40 21.80
2015-12-31 254.10 293.00 48.80
2015-09-30 257.60 292.70 32.70
2015-06-30 143.50 223.80 30.80
2015-03-31 136.60 228.20 25.50
2014-12-31 146.30 217.70 32.30
2014-09-30 149.90 158.70 14.80
2014-06-30 158.50 171.10 36.40
2014-03-31 152.10 158.60 23.40
2013-12-31 152.40 178.70 26.20
2012-12-31 148.20 162.40 14.40
  • Hanza Holding's level of debt (77.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (112.5% vs 77.1% today).
  • Debt is well covered by operating cash flow (41.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Hanza Holding'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. Hanza Holding has a total score of 5/6, 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.

HANZA Dividends

 What is Hanza Holding'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
1.56%
Current annual income from Hanza Holding dividends. Estimated to be 4.58% next year.
If you bought SEK2,000 of Hanza Holding shares you are expected to receive SEK31 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?
  • Hanza Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.87%).
  • Hanza Holding's dividend is below the markets top 25% of dividend payers in Sweden (4.36%).
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:HANZA 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 2 Analyst Estimates (S&P Global) See Below
Sweden Electronic Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.3%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
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:HANZA Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.86 1.00
2020-12-31 0.76 1.00
2019-12-31 0.58 1.00
OM:HANZA Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.250 1.517

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

  • It is too early to tell whether Hanza Holding has stable dividend payments.
  • Hanza Holding only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Hanza Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Hanza Holding'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 Hanza Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hanza Holding has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HANZA Management

 What is the CEO of Hanza Holding'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
Erik Stenfors
COMPENSATION SEK2,620,000
AGE 53
TENURE AS CEO 11.5 years
CEO Bio

Mr. Erik Stenfors is Founder of Hanza Holding AB (publ) and has been the Chief Executive Officer and President of Hanza Holding AB (publ) since 2008 and serves as its Director. Mr. Stenfors served as Chief Executive Officer of NOTE AB. Mr. Stenfors served as President and Head of Group of Note AB. He serves as Chairman of NOTE Borås, NOTE Components, NOTE Grove, NOTE Norrtelje and NOTE Nyköping- Skänninge. He serves as Deputy Chairman and Director of Note Torsby Ab and NOTE Xperi AB. He serves as Chairman of HANZA Elektromekan AB. Mr. Stenfors served as Director of Note AB since 2000. Mr. Stenfors served as Director of NOTE Norrtelje AB, NOTE Tauragé UA, NOTE Gdansk Sp z o o. and NOTE Lithuania UAB. He served as a Director of Wonderful Times Group AB. He holds ME in Engineering Physics from KTH Kungliga Tekniska Högskolan.

CEO Compensation
  • Erik's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Erik's remuneration is higher than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Hanza Holding management team in years:

8
Average Tenure
53.5
Average Age
  • The average tenure for the Hanza Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Erik Stenfors

TITLE
Founder
COMPENSATION
SEK3M
AGE
53
TENURE
11.5 yrs

Lars Åkerblom

TITLE
Executive VP & CFO
AGE
54
TENURE
9.5 yrs

Andreas Nordin

TITLE
Senior VP & COO
AGE
49
TENURE
1.7 yrs

Petra Duprez

TITLE
Senior VP & Head of Human Resources
AGE
54
TENURE
2.5 yrs

Bengt Emesten

TITLE
Head of Sourcing & Logistics and Senior VP
AGE
59
TENURE
6.5 yrs

Thomas Lindström

TITLE
Head of Business Solutions & Senior VP
AGE
47
TENURE
9.5 yrs
Board of Directors Tenure

Average tenure and age of the Hanza Holding board of directors in years:

1.5
Average Tenure
59
Average Age
  • The average tenure for the Hanza Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Francesco Franzé

TITLE
Chairman
COMPENSATION
SEK160K
AGE
55
TENURE
0.2 yrs

Gerald Engström

TITLE
Vice Chairman
COMPENSATION
SEK160K
AGE
71
TENURE
0.2 yrs

Håkan Halén

TITLE
Director
COMPENSATION
SEK160K
AGE
65
TENURE
4.5 yrs

Helene Richmond

TITLE
Director
COMPENSATION
SEK160K
AGE
59
TENURE
2.5 yrs

Sofia Axelsson

TITLE
Director
COMPENSATION
SEK110K
AGE
46
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hanza Holding individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
03. Jun 19 Buy Francesco Franzé Individual 31. May 19 31. May 19 958 SEK16.30 SEK15,615
29. May 19 Buy Francesco Franzé Individual 28. May 19 28. May 19 9,042 SEK16.40 SEK148,289
20. May 19 Buy Gerald Engström Individual 17. May 19 17. May 19 100,000 SEK17.10 SEK1,710,000
20. Dec 18 Sell Gerald Engström Individual 06. Dec 18 06. Dec 18 -2,450,266 SEK13.50 SEK-33,078,600
20. Dec 18 Buy Gerald Engström Individual 06. Dec 18 06. Dec 18 2,450,266 SEK13.50 SEK33,078,600
03. Dec 18 Buy Gerald Engström Individual 29. Nov 18 29. Nov 18 628,090 SEK16.00 SEK10,049,441
21. Nov 18 Buy Francesco Franzé Individual 20. Nov 18 21. Nov 18 10,000 SEK15.50 SEK153,382
12. Nov 18 Buy Francesco Franzé Individual 12. Nov 18 12. Nov 18 26,000 SEK17.20 SEK441,200
10. Oct 18 Buy Francesco Franzé Individual 08. Oct 18 10. Oct 18 12,067 SEK16.95 SEK203,197
14. Nov 18 Sell Erik Stenfors Individual 12. Nov 18 12. Nov 18 -24,190 SEK17.15 SEK-412,737
14. Nov 18 Sell Lars Åkerblom Individual 12. Nov 18 12. Nov 18 -25,000 SEK17.05 SEK-425,375
X
Management checks
We assess Hanza Holding'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. Hanza Holding 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.

HANZA News

Simply Wall St News

How Hanza Holding AB (publ) (STO:HANZA) Can Impact Your Portfolio Volatility

If you're interested in Hanza Holding AB (publ) (STO:HANZA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market.

Simply Wall St -

Is Now The Time To Look At Buying Hanza Holding AB (publ) (STO:HANZA)?

The stock’s ratio of 22.75x is currently trading slightly above its industry peers’ ratio of 20.41x, which means if you buy Hanza Holding today, you’d be paying a relatively reasonable price for it. … And if you believe that Hanza Holding should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value. … This is because Hanza Holding’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

Is Now An Opportune Moment To Examine Hanza Holding AB (publ) (STO:HANZA)?

Hanza Holding AB (publ) (STO:HANZA), which is in the electronic business, and is based in Sweden, saw significant share price movement during recent months on the OM, rising to highs of SEK18.25 and falling to the lows of SEK15.55. … Let’s take a look at Hanza Holding’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … I find that Hanza Holding’s ratio of 22.75x is trading slightly above its industry peers’ ratio of 20.41x, which means if you buy Hanza Holding today, you’d be paying a relatively fair price for it.

Simply Wall St -

Why Hanza Holding AB (publ)'s (STO:HANZA) CEO Pay Matters To You

View our latest analysis for Hanza Holding How Does Erik Stenfors's Compensation Compare With Similar Sized Companies? … It would therefore appear that Hanza Holding AB (publ) pays Erik Stenfors more than the median CEO remuneration at companies of a similar size, in the same market. … We examined the amount Hanza Holding AB (publ) pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Who Has Been Buying Hanza Holding AB (publ) (STO:HANZA) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Hanza Holding AB (publ) (STO:HANZA). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Hanza Holding Hanza Holding Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Director Gerald Engström bought kr33m worth of shares at a price of kr13.50 per share. … In the last twelve months there was more buying than selling by Hanza Holding insiders.

Simply Wall St -

Should You Be Concerned About Hanza Holding AB (publ)'s (STO:HANZA) ROE?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Hanza Holding: 4.8% = kr21m ÷ kr438m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Hanza Holding Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Hanza Holding AB (publ)'s (STO:HANZA) Earnings Dropped -3.7%, How Did It Fare Against The Industry?

View our latest analysis for Hanza Holding Commentary On HANZA's Past Performance HANZA's trailing twelve-month earnings (from 31 March 2019) of kr21m has declined by -3.7% compared to the previous year. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 43%, indicating the rate at which HANZA is growing has slowed down. … I suggest you continue to research Hanza Holding to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for HANZA’s future growth?

Simply Wall St -

Why Hanza Holding AB (publ)'s (STO:HANZA) High P/E Ratio Isn't Necessarily A Bad Thing

We'll look at Hanza Holding AB (publ)'s (STO:HANZA) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hanza Holding: P/E of 23.93 = SEK17.15 ÷ SEK0.72 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Hanza Holding's P/E Ratio Hanza Holding has a P/E of 23.9.

Simply Wall St -

Do Insiders Own Lots Of Shares In Hanza Holding AB (publ) (STO:HANZA)?

A look at the shareholders of Hanza Holding AB (publ) (STO:HANZA) can tell us which group is most powerful. … Hanza Holding is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

What You Must Know About Hanza Holding AB (publ)'s (STO:HANZA) Beta Value

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

HANZA Company Info

Description

Hanza Holding AB (publ) provides manufacturing solutions in Sweden, Finland, Estonia, Poland, the Czech Republic, and China. The company offers cutting, bending, stamping, welding, and powder coating for sheet and heavy mechanics; machining services, such as milling, turning, grinding, EMD, and surface treatment; and PCB assembly services. It also offers cable harnesses solutions comprising cutting, crimping, and marking, as well as assembly of harnesses based on customer requirements; and system integration and box build assembly services, including final assembly of systems, testing, delivery to customer stock, and drop shipments to end customers. In addition, the company produces gas turbines and offshore applications. Additionally, it provides business advisory; and eco design services. Hanza Holding AB (publ) was founded in 2008 and is headquartered in Stocksund, Sweden.

Details
Name: Hanza Holding AB (publ)
HANZA
Exchange: OM
Founded: 2008
SEK495,678,848
30,979,928
Website: http://www.hanza.com
Address: Hanza Holding AB (publ)
Brovägen 5,
Stocksund,
Stockholm County, 182 76,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM HANZA Share Capital OMX Nordic Exchange Stockholm SE SEK 19. Jun 2014
Number of employees
Current staff
Staff numbers
1,566
Hanza Holding employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 21:53
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/04/29
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.