OM:SECS

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Sensec Holding

Executive Summary

Sensec Holding AB (publ), through its subsidiaries, supplies security control products.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Sensec Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.5%

SECS

4.1%

SE Electronic

3.9%

SE Market


1 Year Return

-46.2%

SECS

18.2%

SE Electronic

11.2%

SE Market

Return vs Industry: SECS underperformed the Swedish Electronic industry which returned 18.2% over the past year.

Return vs Market: SECS underperformed the Swedish Market which returned 10.9% over the past year.


Shareholder returns

SECSIndustryMarket
7 Day-3.5%4.1%3.9%
30 Day26.2%14.3%13.1%
90 Day-15.2%12.1%4.0%
1 Year-46.2%-46.2%18.4%18.2%12.8%11.2%
3 Yearn/a39.2%34.7%17.5%1.6%
5 Yearn/a75.5%64.2%36.5%9.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sensec Holding undervalued compared to its fair value and its price relative to the market?

48.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SECS (SEK0.49) is trading below our estimate of fair value (SEK0.96)

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


Price To Earnings Ratio

PE vs Industry: SECS is poor value based on its PE Ratio (26.1x) compared to the Electronic industry average (23.1x).

PE vs Market: SECS is poor value based on its PE Ratio (26.1x) compared to the Swedish market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: SECS is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: SECS is good value based on its PB Ratio (1.7x) compared to the SE Electronic industry average (2.8x).


Next Steps

Future Growth

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

60.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SECS's forecast earnings growth (60.1% per year) is above the savings rate (0.5%).

Earnings vs Market: SECS's earnings (60.1% 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: SECS's revenue (17% per year) is forecast to grow faster than the Swedish market (5.9% per year).

High Growth Revenue: SECS's revenue (17% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SECS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sensec Holding performed over the past 5 years?

30.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SECS has high quality earnings.

Growing Profit Margin: SECS's current net profit margins (2.5%) are lower than last year (12.3%).


Past Earnings Growth Analysis

Earnings Trend: SECS has become profitable over the past 5 years, growing earnings by 30% per year.

Accelerating Growth: SECS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SECS had negative earnings growth (-80.8%) over the past year, making it difficult to compare to the Electronic industry average (-6.6%).


Return on Equity

High ROE: SECS's Return on Equity (6.5%) is considered low.


Next Steps

Financial Health

How is Sensec Holding's financial position?


Financial Position Analysis

Short Term Liabilities: SECS's short term assets (SEK39.9M) exceed its short term liabilities (SEK17.8M).

Long Term Liabilities: SECS's short term assets (SEK39.9M) exceed its long term liabilities (SEK6.9M).


Debt to Equity History and Analysis

Debt Level: SECS is debt free.

Reducing Debt: SECS has no debt compared to 5 years ago when its debt to equity ratio was 82.6%.

Debt Coverage: SECS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SECS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sensec Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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

2.4yrs

Average management tenure


CEO

Michael Pettersson (57yo)

3.17yrs

Tenure

Mr. Michael Pettersson serves as Chief Executive Officer of Sensec Holding AB (publ) since April 20, 2017 and is its Director. He was chairman of the Board of Sensec Aktiebolag and member of the Board of D ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Pettersson
CEO & Director3.17yrsno data11.28% SEK7.1m
Pernilla Jennesäter
Chief Financial Officer2.42yrsno datano data
Sara Sorling
Aftermarket & Administrative Manager1.42yrsno datano data
Madeleine Beauchamp
Office & IR of Manager2.33yrsno datano data

2.4yrs

Average Tenure

42yo

Average Age

Experienced Management: SECS's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Pettersson
CEO & Director3.17yrsno data11.28% SEK7.1m
Anders Lennerman
Independent Director3.17yrsno data0.040% SEK25.0k
Thomas Lundin
Independent Director1.17yrsno data0.16% SEK98.4k
Mats Holmberg
Chairmanno datano data41.97% SEK26.5m
Christine Bennborn
Independent Director1.17yrsno datano data

1.2yrs

Average Tenure

59yo

Average Age

Experienced Board: SECS's board of directors are not considered experienced ( 1.2 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

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


Key Information

  • Name: Sensec Holding AB (publ)
  • Ticker: SECS
  • Exchange: OM
  • Founded: 1982
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: kr63.094m
  • Shares outstanding: 128.24m
  • Website: https://sensec.se

Location

  • Sensec Holding AB (publ)
  • Charles Gata 2A
  • Arlandastad
  • Stockholm County
  • 195 61
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SECSOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJun 2017

Biography

Sensec Holding AB (publ), through its subsidiaries, supplies security control products. It sells, markets, educates, and performs technical services of security products, such as X-ray equipment, metal detectors, drug and explosive detectors, radiation detectors, electronic surveillance products, personal alarms, and security alarms, as well as camera surveillance equipment. The company was founded in 1982 and is headquartered in Arlandastad, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 00:48
End of Day Share Price2020/06/04 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.