OM:SIVE

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Sivers IMA Holding

Executive Summary

Sivers IMA Holding AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and subsystems.


Snowflake Analysis

Mediocre balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.1%

SIVE

5.1%

SE Electronic

2.8%

SE Market


1 Year Return

18.4%

SIVE

6.7%

SE Electronic

2.5%

SE Market

Return vs Industry: SIVE exceeded the Swedish Electronic industry which returned 1.8% over the past year.

Return vs Market: SIVE exceeded the Swedish Market which returned -0.7% over the past year.


Shareholder returns

SIVEIndustryMarket
7 Day-0.1%5.1%2.8%
30 Day3.7%8.7%6.5%
90 Day-9.7%-9.9%-10.8%
1 Year18.4%18.4%6.8%6.7%3.9%2.5%
3 Year121.1%113.1%25.9%21.8%9.3%-5.6%
5 Year37.0%10.2%58.0%48.5%22.6%-1.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SIVE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SIVE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SIVE is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: SIVE is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SIVE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SIVE is overvalued based on its PB Ratio (3.5x) compared to the SE Electronic industry average (2.8x).


Next Steps

Future Growth

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

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIVE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SIVE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SIVE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SIVE's revenue (50.6% per year) is forecast to grow faster than the Swedish market (5.9% per year).

High Growth Revenue: SIVE's revenue (50.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIVE is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Sivers IMA Holding performed over the past 5 years?

-39.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIVE is currently unprofitable.

Growing Profit Margin: SIVE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SIVE is unprofitable, and losses have increased over the past 5 years at a rate of -39% per year.

Accelerating Growth: Unable to compare SIVE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SIVE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-6.6%).


Return on Equity

High ROE: SIVE has a negative Return on Equity (-25.31%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sivers IMA Holding's financial position?


Financial Position Analysis

Short Term Liabilities: SIVE's short term assets (SEK136.0M) exceed its short term liabilities (SEK109.1M).

Long Term Liabilities: SIVE's short term assets (SEK136.0M) exceed its long term liabilities (SEK25.0M).


Debt to Equity History and Analysis

Debt Level: SIVE's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: SIVE's debt to equity ratio has increased from 11.9% to 13.4% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: SIVE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SIVE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SIVE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SIVE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIVE'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 SIVE'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?

3.8yrs

Average management tenure


CEO

Anders Storm (52yo)

3.75yrs

Tenure

kr2,260,000

Compensation

Mr. Anders Storm has been Chief Operating Officer at Sivers IMA AB since February 2015. Mr. Storm has been Group Chief Executive Officer at Sivers IMA Holding AB (publ) since August 2016 and served as its  ...


CEO Compensation Analysis

Compensation vs Market: Anders's total compensation ($USD0.00) is below average for companies of similar size in the Swedish market ($USD222.80K).

Compensation vs Earnings: Insufficient data to compare Anders's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Anders Storm
Group Chief Executive Officer3.75yrskr2.26m0.16% SEK2.0m
Robert Ejermark
Group Chief Financial Officer2.33yrsno data0.0073% SEK87.6k
Erik Wiklund
Vice President of Operations3.75yrsno datano data
Mats Carlsson
Chief Technology Officer4.33yrsno datano data
Patric Erlandsson
Vice President of Sales & Marketingno datano datano data
William McLaughlin
MD & CEO of CST Globalno datano datano data

3.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SIVE's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erik Fällström
Director3.33yrsno data34.23% SEK412.7m
Tomas Duffy
Chairman of the Boardno datakr1.10m0.73% SEK8.8m
Dag Sigurd
Director12.33yrskr350.00k0.029% SEK350.4k
Ingrid Engström
Additional Director5.17yrskr350.00k0.032% SEK385.5k
Björn Norrbom
Director21.33yrskr350.00k0.76% SEK9.2m
Robert Green
Director3.33yrskr350.00kno data

5.2yrs

Average Tenure

63yo

Average Age

Experienced Board: SIVE's board of directors are considered experienced (5.2 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 16.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Sivers IMA Holding AB (publ)
  • Ticker: SIVE
  • Exchange: OM
  • Founded: 1951
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: kr1.205b
  • Shares outstanding: 137.60m
  • Website: https://www.siversima.com

Number of Employees


Location

  • Sivers IMA Holding AB (publ)
  • Torshamnsgatan 48
  • Kista
  • Stockholm County
  • 164 40
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIVEOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJan 2013
2DGDB (Deutsche Boerse AG)YesShare CapitalDEEURJan 2013

Biography

Sivers IMA Holding AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and subsystems. It provides products based on semiconductor technology for 5G millimeter wave networks, as well as optical semiconductors for fiber networks, wireless optical networks, and sensors. The company offers WiGig radio-frequency integrated circuits, radio frequency modules, evaluation kits and 5G NR mmWave system test platform for fixed wireless access, 5G mmWave Open RAN, V2X transport and track-to-train communication, mobile and WiFi meshed networks, and multi-gigabit wireless connectivity; and foundry services and laser products in wafer, coated bar, chip device, and die on tape formats. It serves customers in North America, Europe, and Asia. The company was founded in 1951 and is headquartered in Kista, 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 07:18
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.