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Sivers IMA Holding

OM:SIVE
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIVE
OM
SEK912M
Market Cap
  1. Home
  2. SE
  3. Tech
Company description

Sivers IMA Holding AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and sub systems based on semiconductor technology in microwave, millimeter wave, and optical semiconductors worldwide. The last earnings update was 24 days ago. More info.


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SIVE Share Price and Events
7 Day Returns
-3.3%
OM:SIVE
1.9%
SE Electronic
1.6%
SE Market
1 Year Returns
-11.4%
OM:SIVE
0.1%
SE Electronic
4%
SE Market
SIVE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sivers IMA Holding (SIVE) -3.3% -3.8% 2.9% -11.4% 116.7% -28.6%
SE Electronic 1.9% 2.3% 0.4% 0.1% 35.5% 107.9%
SE Market 1.6% 1.9% 2.1% 4% 20.3% 19.2%
1 Year Return vs Industry and Market
  • SIVE underperformed the Electronic industry which returned 0.1% over the past year.
  • SIVE underperformed the Market in Sweden which returned 4% over the past year.
Price Volatility
SIVE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Sivers IMA 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 Sivers IMA 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 Sivers IMA Holding.

OM:SIVE 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 6.9%
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:SIVE
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 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.095 (1 + (1- 22%) (4.31%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.088 * 5.96%)
6.92%

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

The calculations below outline how an intrinsic value for Sivers IMA 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:SIVE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.92%)
2019 -61.00 Analyst x1 -57.05
2020 -2.00 Analyst x1 -1.75
2021 9.00 Analyst x1 7.36
2022 14.96 Est @ 66.17% 11.44
2023 21.90 Est @ 46.45% 15.67
2024 29.05 Est @ 32.64% 19.45
2025 35.73 Est @ 22.98% 22.37
2026 41.52 Est @ 16.22% 24.31
2027 46.29 Est @ 11.48% 25.35
2028 50.07 Est @ 8.17% 25.65
Present value of next 10 years cash flows SEK92.80
OM:SIVE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK50.07 × (1 + 0.43%) ÷ (6.92% – 0.43%)
SEK775.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK775.41 ÷ (1 + 6.92%)10
SEK397.15
OM:SIVE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK92.80 + SEK397.15
SEK489.95
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK489.95 / 130.29
SEK3.76
OM:SIVE Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK3.76
Current discount Discount to share price of SEK7.00
= -1 x (SEK7.00 - SEK3.76) / SEK3.76
-86.1%

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

  • The current share price of Sivers IMA Holding 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 Sivers IMA Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sivers IMA Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:SIVE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK-0.82
OM:SIVE Share Price ** OM (2019-06-14) in SEK SEK7
Sweden Electronic Industry PE Ratio Median Figure of 19 Publicly-Listed Electronic Companies 20.22x
Sweden Market PE Ratio Median Figure of 325 Publicly-Listed Companies 16.73x

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

** Primary Listing of Sivers IMA Holding.

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

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

= 7 ÷ -0.82

-8.51x

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

  • Sivers IMA Holding is loss making, we can't compare its value to the SE Electronic industry average.
  • Sivers IMA Holding is loss making, we can't compare the value of its earnings to the Sweden market.
Price based on expected Growth
Does Sivers IMA Holding's expected growth come at a high price?
Raw Data
OM:SIVE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
95.5%per year
Sweden Electronic Industry PEG Ratio Median Figure of 16 Publicly-Listed Electronic Companies 1.86x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sivers IMA Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sivers IMA Holding's assets?
Raw Data
OM:SIVE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK1.93
OM:SIVE Share Price * OM (2019-06-14) in SEK SEK7
Sweden Electronic Industry PB Ratio Median Figure of 34 Publicly-Listed Electronic Companies 3.06x
Sweden Market PB Ratio Median Figure of 568 Publicly-Listed Companies 2.49x
OM:SIVE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7 ÷ 1.93

3.62x

* Primary Listing of Sivers IMA Holding.

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

  • Sivers IMA Holding is overvalued based on assets compared to the SE Electronic industry average.
X
Value checks
We assess Sivers IMA 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. Sivers IMA Holding has a total score of 0/6, 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 Sivers IMA Holding 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
95.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sivers IMA Holding expected to grow at an attractive rate?
  • Sivers IMA Holding's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Sivers IMA Holding's earnings growth is expected to exceed the Sweden market average.
  • Sivers IMA Holding's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:SIVE Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:SIVE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 95.5%
OM:SIVE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 40%
Sweden Electronic Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Sweden Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.5%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:SIVE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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:SIVE Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 501 1
2021-12-31 376 70 47 1
2020-12-31 238 15 -7 1
2019-12-31 123 -26 -80 1
OM:SIVE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 117 -33 -99
2018-12-31 103 -20 -103
2018-09-30 109 -35 -78
2018-06-30 98 -32 -80
2018-03-31 94 -25 -63
2017-12-31 83 -30 -46
2017-09-30 55 -18 -46
2017-06-30 44 -14 -30
2017-03-31 33 -24 -27
2016-12-31 29 -24 -26
2016-09-30 25 -23 -26
2016-06-30 21 -19 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sivers IMA Holding's earnings are expected to grow significantly at over 20% yearly.
  • Sivers IMA Holding's revenue is expected to grow significantly at over 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:SIVE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sivers IMA Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SIVE Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.70 0.70 0.70 1.00
2021-12-31 0.39 0.39 0.39 1.00
2020-12-31 -0.06 -0.06 -0.06 1.00
2019-12-31 -0.67 -0.67 -0.67 1.00
OM:SIVE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 -0.82
2018-12-31 -0.87
2018-09-30 -0.72
2018-06-30 -0.71
2018-03-31 -0.57
2017-12-31 -0.49
2017-09-30 -0.57
2017-06-30 -0.53
2017-03-31 -0.65
2016-12-31 -0.62
2016-09-30 -0.44
2016-06-30 -0.46

*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.
  • Sivers IMA Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sivers IMA 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.
Sivers IMA Holding has a total score of 5/6, 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 Sivers IMA 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 Sivers IMA 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.
  • Sivers IMA Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sivers IMA Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sivers IMA Holding's 1-year growth to the SE Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Sivers IMA 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 Sivers IMA Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SIVE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 116.71 -98.81 135.90
2018-12-31 103.01 -102.97 133.52
2018-09-30 108.86 -77.66 124.29
2018-06-30 98.07 -80.41 121.69
2018-03-31 94.30 -63.31 108.08
2017-12-31 82.81 -45.62 88.88
2017-09-30 55.02 -45.58 74.03
2017-06-30 43.54 -29.85 59.04
2017-03-31 32.99 -27.26 52.43
2016-12-31 28.94 -25.87 49.49
2016-09-30 25.40 -25.85 44.24
2016-06-30 20.95 -24.66 40.94
2016-03-31 23.83 -16.57 35.47
2015-12-31 24.61 -15.79 33.10
2015-09-30 26.41 -13.50 33.32
2015-06-30 28.26 -11.08 31.92
2015-03-31 26.36 -11.57 31.62
2014-12-31 24.93 -10.64 30.15
2014-09-30 21.14 -13.92 28.70
2014-06-30 17.22 -14.27 25.89
2014-03-31 17.14 -14.87 24.56
2013-12-31 16.08 -14.00 22.24
2013-09-30 18.02 -8.57 19.72
2013-06-30 19.34 -7.77 19.53
2013-03-31 18.41 -6.67 18.71
2012-12-31 19.36 -5.85 19.33
2012-09-30 6.65 -5.63 9.84
2012-06-30 -2.60 -3.47 1.32

*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.
  • It is difficult to establish if Sivers IMA Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sivers IMA Holding has efficiently used its assets last year compared to the SE Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sivers IMA Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sivers IMA 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.
Sivers IMA Holding 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 Sivers IMA 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 Sivers IMA Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sivers IMA Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sivers IMA Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sivers IMA 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x 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 Sivers IMA Holding Company Filings, last reported 2 months ago.

OM:SIVE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 228.82 39.32 35.96
2018-12-31 245.18 37.73 42.41
2018-09-30 232.40 36.81 23.51
2018-06-30 251.97 36.79 49.29
2018-03-31 280.18 33.90 69.38
2017-12-31 196.95 32.93 61.92
2017-09-30 208.44 0.00 47.80
2017-06-30 154.83 0.00 1.00
2017-03-31 48.95 0.00 8.27
2016-12-31 56.03 0.00 18.87
2016-09-30 61.85 0.00 26.59
2016-06-30 68.41 0.00 37.22
2016-03-31 76.83 2.50 54.97
2015-12-31 81.06 2.95 54.47
2015-09-30 24.28 3.25 7.12
2015-06-30 29.35 3.59 11.21
2015-03-31 30.95 3.69 15.58
2014-12-31 35.21 3.69 18.50
2014-09-30 18.49 4.10 2.47
2014-06-30 20.87 1.95 3.18
2014-03-31 23.01 2.50 7.18
2013-12-31 21.56 1.95 0.36
2013-09-30 7.84 0.87 0.91
2013-06-30 10.88 0.00 1.81
2013-03-31 13.98 0.62 0.33
2012-12-31 10.93 0.79 1.03
2012-09-30
2012-06-30 10.37 0.67 0.23
  • Sivers IMA Holding's level of debt (17.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.9% vs 17.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sivers IMA Holding has less than a year of cash runway based on current free cash flow.
  • Sivers IMA Holding has less than a year of cash runway if free cash flow continues to grow at historical rates of 41.7% each year.
X
Financial health checks
We assess Sivers IMA 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. Sivers IMA Holding has a total score of 3/6, 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 Sivers IMA 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
0%
Current annual income from Sivers IMA Holding dividends.
If you bought SEK2,000 of Sivers IMA Holding 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 Sivers IMA Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sivers IMA Holding'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:SIVE 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
Sweden Electronic Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.3%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 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 4.3%

Industry and Market average data is calculated daily.

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

OM:SIVE Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Sivers IMA Holding has not reported any payouts.
  • Unable to verify if Sivers IMA Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sivers IMA Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sivers IMA Holding has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sivers IMA 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 Sivers IMA Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sivers IMA Holding 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 Sivers IMA 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
Anders Storm
AGE 51
TENURE AS CEO 2.8 years
CEO Bio

Mr. Anders Storm has been Chief Operating Officer at Sivers IMA AB since February 2015. Mr. Storm has been Chief Executive Officer at Sivers IMA Holding AB(publ) since August 2016 and served as its Chief Operating Officer since February 2015. Mr. Storm served as Vice President of Engineering & Operations at Techstep ASA, Prior to Reverse Merger with Zono AS since August 2, 2010. Mr. Storm has broad background in operations and engineering within the telecom and mobile communications industry. Mr. Storm served as Head of Development and IT of Tekis AB. Mr. Storm has also had an extensive career within Sony Ericsson, having held a number of leading positions including Head of Program Management. Mr. Storm holds a Master of Science in Computer Science and Engineering from Lund Institute of Technology.

CEO Compensation
  • Insufficient data for Anders to compare compensation growth.
  • Insufficient data for Anders to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

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

2.8
Average Tenure
52
Average Age
  • The tenure for the Sivers IMA Holding management team is about average.
Management Team

Anders Storm

TITLE
Chief Executive Officer
AGE
51
TENURE
2.8 yrs

Robert Ejermark

TITLE
Group Chief Financial Officer
AGE
54
TENURE
1.4 yrs

Erik Wiklund

TITLE
Vice President of Operations
AGE
50
TENURE
2.8 yrs

Mats Carlsson

TITLE
Chief Technology Officer
AGE
54
TENURE
3.4 yrs

Patric Erlandsson

TITLE
Head of Sales & Marketing
AGE
52
Board of Directors

Tomas Duffy

TITLE
Chairman of the Board
COMPENSATION
SEK100K
AGE
63

Björn Norrbom

TITLE
Director
COMPENSATION
SEK150K
AGE
73

Dag Sigurd

TITLE
Director
COMPENSATION
SEK100K
AGE
74

Ingrid Engström

TITLE
Additional Director
COMPENSATION
SEK100K
AGE
60
TENURE
4.3 yrs

Robert Green

TITLE
Director
AGE
61
TENURE
2.4 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. Jul 18 Buy Robert Green Individual 29. Jun 18 29. Jun 18 33,373 SEK7.21 SEK240,619
X
Management checks
We assess Sivers IMA 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. Sivers IMA 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.

News

Simply Wall St News

Did Business Growth Power Sivers IMA Holding's (STO:SIVE) Share Price Gain of 113%?

Sivers IMA Holding's revenue trended up 57% each year over three years. … Investors should note that there's a difference between Sivers IMA Holding's total shareholder return (TSR) and its share price change, which we've covered above. … We note that Sivers IMA Holding's TSR, at 121% is higher than its share price return of 113%.

Simply Wall St -

Market Sentiment Around Loss-Making Sivers IMA Holding AB (publ) (STO:SIVE)

Sivers IMA Holding AB (publ)'s (STO:SIVE):. … The kr772m market-cap company announced a latest loss of -kr103.0m on 31 December 2018 for its most recent financial year result? … Check out our latest analysis for Sivers IMA Holding

Simply Wall St -

Is Sivers IMA Holding AB (publ) (STO:SIVE) A Financially Sound Company?

Sivers IMA Holding AB (publ) (STO:SIVE) is a small-cap stock with a market capitalization of kr805m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Sivers IMA Holding Shareholders Have Enjoyed A 76% Share Price Gain

Sivers IMA Holding isn't yet profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Sivers IMA Holding's revenue trended up 59% each year over three years. … If that's the case, now might be the time to take a close look at Sivers IMA Holding.

Simply Wall St -

Who Has Been Buying Sivers IMA Holding AB (publ) (STO:SIVE) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. … So shareholders might well want to know whether insiders have been buying or selling shares in Sivers IMA Holding AB (publ) (STO:SIVE).

Simply Wall St -

Sivers IMA Holding AB (publ) (STO:SIVE): Is Breakeven Near?

Sivers IMA Holding AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and sub systems based on semiconductor technology in microwave, millimeter wave, and optical semiconductors worldwide. … The company’s loss has recently broadened since it announced a -kr45.6m loss in the full financial year, compared to the latest trailing-twelve-month loss of -kr77.7m, moving it further away from breakeven. … Check out our latest analysis for Sivers IMA Holding

Simply Wall St -

What Kind Of Investor Owns Most Of Sivers IMA Holding AB (publ) (STO:SIVE)?

The big shareholder groups in Sivers IMA Holding AB (publ) (STO:SIVE) have power over the company. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What You Must Know About Sivers IMA Holding AB (publ)'s (STO:SIVE) Financial Strength

Sivers IMA Holding AB (publ) (STO:SIVE) is a small-cap stock with a market capitalization of kr724m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Who Are The Largest Shareholders In Sivers IMA Holding AB (publ) (STO:SIVE)?

In this article, I will take a quick look at Sivers IMA Holding AB (publ)’s (STO:SIVE) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … OM:SIVE Ownership Summary August 9th 18

Simply Wall St -

How Financially Strong Is Sivers IMA Holding AB (publ) (STO:SIVE)?

While small-cap stocks, such as Sivers IMA Holding AB (publ) (STO:SIVE) with its market cap of kr809.10m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Company Info

Description

Sivers IMA Holding AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and sub systems based on semiconductor technology in microwave, millimeter wave, and optical semiconductors worldwide. The company offers RFICs, RF-modules, transceivers, and customized products for multi-GBPS wireless transfer, fixed wireless access, small cell mm-wave backhaul, remote radio mm-wave front haul, point-to-point, and measurement system applications. It also provides radar sensors and front-ends that enable distance and speed measurement in scenarios, such as level measurement, anti-collision, and object detection. In addition, the company offers voltage controlled oscillators and synthesizers; and semiconductor laser products. Sivers IMA Holding AB (publ) was founded in 1951 and is headquartered in Kista, Sweden.

Details
Name: Sivers IMA Holding AB (publ)
SIVE
Exchange: OM
Founded: 1951
SEK912,032,849
130,290,407
Website: http://www.siversima.com
Address: Sivers IMA Holding AB (publ)
Torshamnsgatan 9,
Kista,
Stockholm County, 164 40,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SIVE Share Capital OMX Nordic Exchange Stockholm SE SEK 28. Jan 2013
DB 2DG Share Capital Deutsche Boerse AG DE EUR 28. Jan 2013
Number of employees
Current staff
Staff numbers
97
Sivers IMA Holding employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:53
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/27
Last earnings filing: 2019/05/22
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.