OM:OPUS

Stock Analysis Report

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Executive Summary

Opus Group AB (publ) operates in the vehicle inspection and intelligent vehicle support markets.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Opus Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OPUS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.6%

OPUS

5.1%

SE Electronic

2.8%

SE Market


1 Year Return

12.0%

OPUS

6.7%

SE Electronic

2.5%

SE Market

Return vs Industry: OPUS exceeded the Swedish Electronic industry which returned 6.4% over the past year.

Return vs Market: OPUS exceeded the Swedish Market which returned 0.6% over the past year.


Shareholder returns

OPUSIndustryMarket
7 Day-0.6%5.1%2.8%
30 Day-2.1%8.7%6.5%
90 Day-24.7%-9.9%-10.8%
1 Year12.0%12.0%6.8%6.7%3.9%2.5%
3 Year-7.6%-9.0%25.9%21.8%9.3%-5.6%
5 Year-19.9%-24.3%58.0%48.5%22.6%-1.2%

Price Volatility Vs. Market

How volatile is Opus Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Opus Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OPUS (SEK6.55) is trading below our estimate of fair value (SEK13.71)

Significantly Below Fair Value: OPUS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OPUS is poor value based on its PE Ratio (65.1x) compared to the Electronic industry average (22x).

PE vs Market: OPUS is poor value based on its PE Ratio (65.1x) compared to the Swedish market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: OPUS is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: OPUS is good value based on its PB Ratio (1.9x) compared to the SE Electronic industry average (2.9x).


Next Steps

Future Growth

How is Opus Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

64.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OPUS's forecast earnings growth (64% per year) is above the savings rate (0.5%).

Earnings vs Market: OPUS's earnings (64% per year) are forecast to grow faster than the Swedish market (16.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OPUS's revenue (4.2% per year) is forecast to grow slower than the Swedish market (5.9% per year).

High Growth Revenue: OPUS's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OPUS's Return on Equity is forecast to be low in 3 years time (11.7%).


Next Steps

Past Performance

How has Opus Group performed over the past 5 years?

-30.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OPUS has a large one-off loss of SEK19.3M impacting its March 31 2020 financial results.

Growing Profit Margin: OPUS's current net profit margins (1.1%) are higher than last year (0.1%).


Past Earnings Growth Analysis

Earnings Trend: OPUS's earnings have declined by -30.4% per year over the past 5 years.

Accelerating Growth: OPUS's earnings growth over the past year (776%) exceeds its 5-year average (-30.4% per year).

Earnings vs Industry: OPUS earnings growth over the past year (776%) exceeded the Electronic industry -6.6%.


Return on Equity

High ROE: OPUS's Return on Equity (-0.3%) is considered low.


Next Steps

Financial Health

How is Opus Group's financial position?


Financial Position Analysis

Short Term Liabilities: OPUS's short term assets (SEK730.3M) do not cover its short term liabilities (SEK2.9B).

Long Term Liabilities: OPUS's short term assets (SEK730.3M) exceed its long term liabilities (SEK472.4M).


Debt to Equity History and Analysis

Debt Level: OPUS's debt to equity ratio (243.4%) is considered high.

Reducing Debt: OPUS's debt to equity ratio has increased from 121.3% to 243.4% over the past 5 years.

Debt Coverage: OPUS's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: OPUS's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Opus Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OPUS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate OPUS'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 OPUS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OPUS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OPUS is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OPUS'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?

3.1yrs

Average management tenure


CEO

Lothar Geilen (58yo)

3.08yrs

Tenure

kr4,342,000

Compensation

Mr. Lothar Geilen has been the Chief Executive Officer of Opus Group AB (publ) since April 1, 2017 and serves as its President since April 10, 2017. Mr. Geilen has been the Chief Executive Officer of Envir ...


CEO Compensation Analysis

Compensation vs Market: Lothar's total compensation ($USD448.46K) is about average for companies of similar size in the Swedish market ($USD431.00K).

Compensation vs Earnings: Lothar's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lothar Geilen
CEO, President & Director3.08yrskr4.34mno data
Magnus Greko
Co-Founder & VP of Strategic Business Developmentno datano datano data
Linus Brandt
Executive VP & CFO4.33yrskr3.39m0.049% SEK932.9k
Tom Fournier
Chief Technology Officer8.33yrsno datano data
Helene Carlson
Director of Corporate Communications2.75yrsno data0.013% SEK243.1k
Pär Börjesson
Director of Sales and Area Sales Manager of Beneluxno datano datano data
Olle Lindkvist
Global Director of Human Resources1.17yrsno datano data
Jeff Bagley
Head of Administration - Opus Inspectionno datano datano data
Per Rosén
President of Vehicle Inspection Europe3.08yrsno data0.034% SEK653.0k
Alfredo Granai
President of Vehicle Inspection Latin America3.08yrsno data0.0056% SEK106.9k

3.1yrs

Average Tenure

56yo

Average Age

Experienced Management: OPUS's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lothar Geilen
CEO, President & Director3.08yrskr4.34mno data
Friedrich Hecker
Independent Director4yrskr230.00kno data
Katarina Bonde
Independent Director4yrskr500.00k0.014% SEK262.0k
François Dekker
Chairman of the Board0.25yrno datano data
Oliver Haarmann
Director0.25yrno datano data
Jonathan Laloum
Director0.25yrno datano data

0.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: OPUS's board of directors are not considered experienced ( 0.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Opus Group AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Opus Group AB (publ)
  • Ticker: OPUS
  • Exchange: OM
  • Founded: 1974
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr1.910b
  • Shares outstanding: 291.57m
  • Website: https://www.opus.global

Number of Employees


Location

  • Opus Group AB (publ)
  • Basargatan 10
  • Gothenburg
  • Västra Götaland County
  • 411 10
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPUSOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKApr 2006
OPPX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2006
0QFHLSE (London Stock Exchange)YesCommon SharesGBSEKApr 2006
OP8DB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2006
OPUSsBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKApr 2006

Biography

Opus Group AB (publ) operates in the vehicle inspection and intelligent vehicle support markets. It designs and builds vehicle inspection programs; operates emission testing programs; designs, develops, manufactures, and sells emission testing equipment under the ESP brand; and offers remote sensing technology that measures vehicle emissions. The company also provides vehicle diagnostics tools, which allow technicians to identify faults after a breakdown or accident; diagnostic and programming tools for automotive service shops; touchless tire tracking system that checks a vehicle’s alignment status; diagnostic tools and remote technical assistance for automotive service shops; and remote assistance to automotive service technicians. It serves automotive service shops, vehicle owners, and governments in Sweden and rest of Europe, the United States, Asia, Latin America, and internationally. The company was founded in 1974 and is headquartered in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 06:56
End of Day Share Price2020/05/22 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.