Executive Summary
NCAB Group AB (publ), together with its subsidiaries, manufactures and sells printed circuit boards (PCB).
Snowflake
Fundamentals
Solid track record with excellent balance sheet.
Risks
- NCAB Group is covered by less than 3 analysts.
Share Price & News
How has NCAB Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-4.1%
OM:NCAB
-1.9%
SE Electronic
0.2%
SE Market
1 Year Return
28.4%
OM:NCAB
-10.0%
SE Electronic
-1.9%
SE Market
NCAB outperformed the Electronic industry which returned -10.5% over the past year.
NCAB outperformed the Market in Sweden which returned -2.6% over the past year.
Share holder returns
| NCAB | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -1.9% | 0.2% |
| 30 Day | -9.0% | -6.1% | -3.7% |
| 90 Day | -11.3% | -5.0% | -1.5% |
| 1 Year | 33.2%28.4% | -8.9%-10.0% | 2.2%-1.9% |
| 3 Year | n/a | 10.8%7.3% | 26.0%7.4% |
| 5 Year | n/a | 96.4%82.1% | 45.6%14.9% |
Price Volatility Vs. Market
How volatile is NCAB Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Why NCAB Group AB (publ) (STO:NCAB) Looks Like A Quality Company3 weeks ago | Simply Wall St
If You Like EPS Growth Then Check Out NCAB Group (STO:NCAB) Before It's Too Late1 month ago | Simply Wall St
Does The Data Make NCAB Group AB (publ) (STO:NCAB) An Attractive Investment?Valuation
Is NCAB Group undervalued based on future cash flows and its price relative to the stock market?
29%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
NCAB Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
NCAB Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
NCAB Group is good value based on earnings compared to the SE Electronic industry average.
NCAB Group is good value based on earnings compared to the Sweden market.
Price Based on Expected Growth
NCAB Group is poor value based on expected growth next year.
Price Based on Value of Assets
NCAB Group is overvalued based on assets compared to the SE Electronic industry average.
Next Steps
Future Growth
How is NCAB Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
NCAB Group's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
NCAB Group's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
NCAB Group's revenue growth is expected to exceed the Sweden market average.
NCAB Group's earnings growth is positive but not above the Sweden market average.
NCAB Group's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Earnings per Share Growth Estimates
Future Return on Equity
NCAB Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has NCAB Group performed over the past 5 years?
27.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
NCAB Group has delivered over 20% year on year earnings growth in the past 5 years.
NCAB Group's 1-year earnings growth exceeds its 5-year average (921.6% vs 27.2%)
NCAB Group's earnings growth has exceeded the SE Electronic industry average in the past year (921.6% vs 18.6%).
Return on Equity
NCAB Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
Return on Assets
NCAB Group used its assets more efficiently than the SE Electronic industry average last year based on Return on Assets.
Return on Capital Employed
NCAB Group's use of capital has not improved over the past 3 years (Return on Capital Employed).
Next Steps
Financial Health
How is NCAB Group's financial position?
Financial Position Analysis
NCAB Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
NCAB Group's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
NCAB Group's level of debt (39.1%) compared to net worth is satisfactory (less than 40%).
Unable to establish if NCAB Group's debt level has increased without past 5-year debt data.
Debt is well covered by operating cash flow (116.3%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 117.3x coverage).
Balance Sheet
Low level of unsold assets.
Debt is covered by short term assets, assets are 5.1x debt.
Next Steps
Dividend
What is NCAB Group's current dividend yield, its reliability and sustainability?
4.77%
Expected Dividend Yield
Dividend Yield and Payments Analysis
NCAB Group's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.97%).
NCAB Group's dividend is below the markets top 25% of dividend payers in Sweden (4.54%).
It is too early to tell whether NCAB Group has stable dividend payments.
NCAB Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.6x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Next Steps
Management
What is the CEO of NCAB Group's salary, the management and board of directors tenure and is there insider trading?
6.6yrs
Average management tenure
CEO
Hans Ståhl (64yo)
15.6yrs
Tenure
Mr. Hans Ståhl has been Chief Executive Officer and Director at NCAB Group AB (publ) since 2004 and 2007 respectively. Mr. Ståhl is Employed in NCAB since 2003. He has been the owner of H. Ståhl Management ...
Management Age and Tenure
6.6yrs
Average Tenure
57yo
Average Age
The average tenure for the NCAB Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
12.6yrs
Average Tenure
58yo
Average Age
The average tenure for the NCAB Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Jack Kei
Managing Director of China
- Tenure: 0.0yrs
Hans Ståhl (64yo)
CEO & Director
- Tenure: 15.6yrs
Martin Magnusson (43yo)
Managing Director of NCAB Group USA Inc.
- Tenure: 2.6yrs
Anders Forsén (57yo)
Chief Financial Officer
- Tenure: 11.6yrs
Michael Larsson (51yo)
Vice President of Sales
- Tenure: 2.6yrs
Chris Nuttall (46yo)
Chief Operations Officer
- Tenure: 10.6yrs
Eva Holm (57yo)
Global HR Manager
- Tenure: 0.0yrs
Gunilla Öhman (60yo)
IR Manager
- Tenure: 1.6yrs
Bo Andersson
Technical Manager
- Tenure: 0.0yrs
Sanna Magnusson
Marketing Manager (LOA)
- Tenure: 0.0yrs
Board Members
Chris Salamon (58yo)
Chairman of the Board
- Tenure: 12.6yrs
Hans Ramel (55yo)
Director
- Tenure: 12.6yrs
Gunilla Rudebjer (60yo)
Director
- Tenure: 2.6yrs
Jan-Olof Dahlén (77yo)
Director
- Tenure: 12.6yrs
Per Hesselmark (48yo)
Director
- Tenure: 3.6yrs
Hans Ståhl (64yo)
CEO & Director
- Tenure: 15.6yrs
Magdalena Persson (48yo)
Director
- Tenure: 2.6yrs
Company Information
NCAB Group AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NCAB Group AB (publ)
- Ticker: NCAB
- Exchange: OM
- Founded: 1993
- Industry: Electronic Components
- Sector: Tech
- Market Cap: kr1.794b
- Shares outstanding: 16.85m
- Website: https://www.ncabgroup.com
Number of Employees
Location
- NCAB Group AB (publ)
- Mariehallsvagen 37 A
- Bromma
- Stockholm County
- 168 65
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NCAB | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | Jun 2018 |
Biography
NCAB Group AB (publ), together with its subsidiaries, manufactures and sells printed circuit boards (PCB). The company offers multilayer, high density interconnect, radio frequency, insulated metal base, f ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/19 22:28 |
| End of Day Share Price | 2019/08/19 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.