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A3 Allmänna IT- och telekomaktiebolaget

OM:ATRE
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATRE
OM
SEK478M
Market Cap
  1. Home
  2. SE
  3. Telecom
Company description

A3 Allmänna IT- och telekomaktiebolaget (publ) operates in the telecommunication and broadband markets in Sweden. The last earnings update was 66 days ago. More info.


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ATRE Share Price and Events
7 Day Returns
-3%
OM:ATRE
0.5%
SE Telecom
0%
SE Market
1 Year Returns
3.9%
OM:ATRE
5.5%
SE Telecom
6.6%
SE Market
ATRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A3 Allmänna IT- och telekomaktiebolaget (ATRE) -3% 1% -9.1% 3.9% -4.9% -45.7%
SE Telecom 0.5% 4.5% 3.6% 5.5% -8.3% -12.7%
SE Market 0% 2.3% 2.1% 6.6% 15.9% 21.3%
1 Year Return vs Industry and Market
  • ATRE underperformed the Telecom industry which returned 5.5% over the past year.
  • ATRE underperformed the Market in Sweden which returned 6.6% over the past year.
Price Volatility
ATRE
Industry
5yr Volatility vs Market

Value

 Is A3 Allmänna IT- och telekomaktiebolaget 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 A3 Allmänna IT- och telekomaktiebolaget 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 A3 Allmänna IT- och telekomaktiebolaget.

OM:ATRE 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 5.2%
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:ATRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.352 (1 + (1- 22%) (14.71%))
0.593
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.8 * 5.96%)
5.2%

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

The calculations below outline how an intrinsic value for A3 Allmänna IT- och telekomaktiebolaget 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:ATRE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.2%)
2020 60.00 Analyst x1 57.03
2021 70.00 Analyst x1 63.25
2022 73.51 Est @ 5.02% 63.14
2023 76.19 Est @ 3.65% 62.20
2024 78.24 Est @ 2.68% 60.71
2025 79.81 Est @ 2.01% 58.87
2026 81.03 Est @ 1.54% 56.82
2027 82.01 Est @ 1.21% 54.66
2028 82.81 Est @ 0.97% 52.46
2029 83.48 Est @ 0.81% 50.27
Present value of next 10 years cash flows SEK579.43
OM:ATRE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK83.48 × (1 + 0.43%) ÷ (5.2% – 0.43%)
SEK1,758.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK1,758.50 ÷ (1 + 5.2%)10
SEK1,058.98
OM:ATRE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK579.43 + SEK1,058.98
SEK1,638.41
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK1,638.41 / 32.86
SEK49.86
OM:ATRE Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK49.86
Current discount Discount to share price of SEK14.55
= -1 x (SEK14.55 - SEK49.86) / SEK49.86
70.8%

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

Current Discount
Amount off the current price A3 Allmänna IT- och telekomaktiebolaget is available for.
Intrinsic value
>50%
Share price is SEK14.55 vs Future cash flow value of SEK49.86
Current Discount Checks
For A3 Allmänna IT- och telekomaktiebolaget to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • A3 Allmänna IT- och telekomaktiebolaget's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • A3 Allmänna IT- och telekomaktiebolaget's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 A3 Allmänna IT- och telekomaktiebolaget's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are A3 Allmänna IT- och telekomaktiebolaget's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:ATRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK0.17
OM:ATRE Share Price ** OM (2019-07-15) in SEK SEK14.55
Sweden Telecom Industry PE Ratio Median Figure of 5 Publicly-Listed Telecom Companies 61.67x
Sweden Market PE Ratio Median Figure of 326 Publicly-Listed Companies 16.95x

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

** Primary Listing of A3 Allmänna IT- och telekomaktiebolaget.

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

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

= 14.55 ÷ 0.17

83.16x

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

  • A3 Allmänna IT- och telekomaktiebolaget is overvalued based on earnings compared to the SE Telecom industry average.
  • A3 Allmänna IT- och telekomaktiebolaget is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does A3 Allmänna IT- och telekomaktiebolaget's expected growth come at a high price?
Raw Data
OM:ATRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 83.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
108.1%per year
Sweden Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Telecom Companies 1.39x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

OM:ATRE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 83.16x ÷ 108.1%

0.77x

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

  • A3 Allmänna IT- och telekomaktiebolaget is good value based on expected growth next year.
Price based on value of assets
What value do investors place on A3 Allmänna IT- och telekomaktiebolaget's assets?
Raw Data
OM:ATRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK6.23
OM:ATRE Share Price * OM (2019-07-15) in SEK SEK14.55
Sweden Telecom Industry PB Ratio Median Figure of 6 Publicly-Listed Telecom Companies 2.8x
Sweden Market PB Ratio Median Figure of 573 Publicly-Listed Companies 2.56x
OM:ATRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.55 ÷ 6.23

2.33x

* Primary Listing of A3 Allmänna IT- och telekomaktiebolaget.

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

  • A3 Allmänna IT- och telekomaktiebolaget is good value based on assets compared to the SE Telecom industry average.
X
Value checks
We assess A3 Allmänna IT- och telekomaktiebolaget'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. A3 Allmänna IT- och telekomaktiebolaget has a total score of 4/6, 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 A3 Allmänna IT- och telekomaktiebolaget 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
108.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is A3 Allmänna IT- och telekomaktiebolaget expected to grow at an attractive rate?
  • A3 Allmänna IT- och telekomaktiebolaget's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • A3 Allmänna IT- och telekomaktiebolaget's earnings growth is expected to exceed the Sweden market average.
  • A3 Allmänna IT- och telekomaktiebolaget's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:ATRE Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:ATRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 108.1%
OM:ATRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.3%
Sweden Telecom Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Sweden Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.2%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:ATRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:ATRE Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 913 1
2021-12-31 878 70 61 1
2020-12-31 851 70 1 1
2019-12-31 824 67 1 1
OM:ATRE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 807 54 6
2018-12-31 806 27 1
2018-09-30 818 47 -1
2018-06-30 831 57 4
2018-03-31 838 55 3
2017-12-31 838 62 10
2017-09-30 782 54 24
2017-06-30 738 52 25
2017-03-31 704 9 30
2016-12-31 684 50 31
2016-09-30 708 42 29
2016-06-30 726 68 -33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • A3 Allmänna IT- och telekomaktiebolaget's earnings are expected to grow significantly at over 20% yearly.
  • A3 Allmänna IT- och telekomaktiebolaget's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (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:ATRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from A3 Allmänna IT- och telekomaktiebolaget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ATRE Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.86 1.86 1.86 1.00
2020-12-31 0.03 0.03 0.03 1.00
2019-12-31 0.03 0.03 0.03 1.00
OM:ATRE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 0.17
2018-12-31 0.03
2018-09-30 -0.04
2018-06-30 0.13
2018-03-31 0.09
2017-12-31 0.29
2017-09-30 0.78
2017-06-30 0.84
2017-03-31 1.05
2016-12-31 1.16
2016-09-30 1.13
2016-06-30 -1.27

*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.
  • A3 Allmänna IT- och telekomaktiebolaget is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess A3 Allmänna IT- och telekomaktiebolaget'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.
A3 Allmänna IT- och telekomaktiebolaget has a total score of 3/6, 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 A3 Allmänna IT- och telekomaktiebolaget 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 A3 Allmänna IT- och telekomaktiebolaget's growth in the last year to its industry (Telecom).
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.
  • A3 Allmänna IT- och telekomaktiebolaget's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • A3 Allmänna IT- och telekomaktiebolaget's 1-year earnings growth exceeds its 5-year average (99.3% vs -5.8%)
  • A3 Allmänna IT- och telekomaktiebolaget's earnings growth has exceeded the Europe Telecom industry average in the past year (99.3% vs 10.1%).
Earnings and Revenue History
A3 Allmänna IT- och telekomaktiebolaget'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 A3 Allmänna IT- och telekomaktiebolaget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ATRE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 806.54 5.75 59.19
2018-12-31 806.07 1.06 63.47
2018-09-30 817.67 -1.42 81.27
2018-06-30 830.60 4.42 87.42
2018-03-31 837.96 2.89 94.72
2017-12-31 838.39 9.55 97.29
2017-09-30 781.66 24.42 88.13
2017-06-30 738.36 24.96 86.11
2017-03-31 704.19 29.69 85.39
2016-12-31 683.71 31.15 91.40
2016-09-30 707.51 29.03 100.40
2016-06-30 726.39 -33.42 112.27
2016-03-31 745.42 -42.27 118.48
2015-12-31 766.80 -48.79 120.90
2015-09-30 790.89 -68.93 125.71
2015-06-30 821.56 -2.81 123.99
2015-03-31 851.05 4.96 126.69
2014-12-31 873.90 23.58 118.48
2014-09-30 891.56 44.42 111.74
2014-06-30 901.86 38.24 103.57
2014-03-31 925.91 34.60 98.56
2013-12-31 779.15 40.25 85.61
2013-09-30 626.82 56.78 68.18
2013-06-30 478.45 75.60 53.52
2013-03-31 313.61 94.12 36.43
2012-12-31 314.46 92.43 36.60

*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.
  • A3 Allmänna IT- och telekomaktiebolaget has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • A3 Allmänna IT- och telekomaktiebolaget used its assets less efficiently than the SE Telecom industry average last year based on Return on Assets.
  • A3 Allmänna IT- och telekomaktiebolaget's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess A3 Allmänna IT- och telekomaktiebolaget'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 Telecom 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.
A3 Allmänna IT- och telekomaktiebolaget has a total score of 2/6, 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 A3 Allmänna IT- och telekomaktiebolaget'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 A3 Allmänna IT- och telekomaktiebolaget's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • A3 Allmänna IT- och telekomaktiebolaget's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • A3 Allmänna IT- och telekomaktiebolaget's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of A3 Allmänna IT- och telekomaktiebolaget'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 2.9x 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 A3 Allmänna IT- och telekomaktiebolaget Company Filings, last reported 3 months ago.

OM:ATRE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 204.78 42.21 7.21
2018-12-31 201.94 65.37 0.73
2018-09-30 206.13 53.32 6.65
2018-06-30 204.36 58.87 6.44
2018-03-31 243.19 64.50 18.44
2017-12-31 240.62 64.77 16.48
2017-09-30 247.41 76.10 16.93
2017-06-30 239.72 81.62 3.38
2017-03-31 285.17 87.19 42.15
2016-12-31 280.36 87.58 32.33
2016-09-30 166.65 39.69 7.47
2016-06-30 178.52 42.74 15.39
2016-03-31 169.97 45.79 35.61
2015-12-31 163.69 66.33
2015-09-30 157.64 58.88 8.36
2015-06-30 211.68 89.50 0.17
2015-03-31 243.75 71.96 40.89
2014-12-31 243.99 69.69 12.70
2014-09-30 258.08 77.19 15.95
2014-06-30 271.68 63.97 4.15
2014-03-31 264.21 54.03 20.98
2013-12-31 245.83 80.65 12.19
2013-09-30 239.07 91.66 36.09
2013-06-30 233.44 98.29 12.87
2013-03-31 94.19 7.80 94.71
2012-12-31 94.19 7.80 94.71
  • A3 Allmänna IT- och telekomaktiebolaget's level of debt (20.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.5% vs 20.6% today).
  • Debt is well covered by operating cash flow (128.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess A3 Allmänna IT- och telekomaktiebolaget'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. A3 Allmänna IT- och telekomaktiebolaget 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 A3 Allmänna IT- och telekomaktiebolaget'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
8.59%
Current annual income from A3 Allmänna IT- och telekomaktiebolaget dividends. Estimated to be 8.59% next year.
If you bought SEK2,000 of A3 Allmänna IT- och telekomaktiebolaget shares you are expected to receive SEK172 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?
  • A3 Allmänna IT- och telekomaktiebolaget's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.87%).
  • A3 Allmänna IT- och telekomaktiebolaget's dividend is above the markets top 25% of dividend payers in Sweden (4.35%).
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:ATRE 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
Europe Telecom Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 245 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
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:ATRE Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.25 1.00
2020-12-31 1.25 1.00
2019-12-31 1.25 1.00
OM:ATRE Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-25 1.250 8.344
2019-02-13 1.250 8.495
2018-04-26 1.250 8.712
2018-02-13 1.250 7.196
2017-04-26 1.500 7.754
2017-02-10 1.500 7.768
2016-04-22 0.750 4.734
2016-02-12 0.750 4.619
2015-04-22 1.250 7.115
2015-02-13 1.250 6.407
2014-04-29 1.000 4.267

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

  • A3 Allmänna IT- och telekomaktiebolaget has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but A3 Allmänna IT- och telekomaktiebolaget only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of A3 Allmänna IT- och telekomaktiebolaget's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess A3 Allmänna IT- och telekomaktiebolaget'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 A3 Allmänna IT- och telekomaktiebolaget afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. A3 Allmänna IT- och telekomaktiebolaget has a total score of 3/6, 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 A3 Allmänna IT- och telekomaktiebolaget'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
Paul Moonga
COMPENSATION SEK0
AGE 52
TENURE AS CEO 1.3 years
CEO Bio

Mr. Paul Moonga has been the Chief Executive Officer and Director of A3 Allmänna IT- och Telekomaktiebolaget AB (Alternate Name: AllTele Allmänna Svenska Telefonaktiebolaget (publ) since April 16, 2018. and serves as its Director since June 2013. Mr. Moonga served as an Acting Managing Director of AllTele Allmänna Svenska Telefonaktiebolaget (publ) since 2013. He serves as Member of the board of directors of AllTele Företag AB, AllTele Sverige AB, Kramnet Networks AB, VB2B Communicate AB, LandNCall AB, Zeobra AB and Strössel & Viggo AB. He served as a Board Member of AllTele Allmänna Svenska Telefonaktiebolaget.

CEO Compensation
  • Insufficient data for Paul to compare compensation growth.
  • Paul's remuneration is lower than average for companies of similar size in Sweden.
Management Team

Paul Moonga

TITLE
CEO & Director
AGE
52
TENURE
1.3 yrs

Annika Westberg

TITLE
Chief Financial Officer

Andreas Rix

TITLE
Head of Corporate Sales

Mikael Peterson

TITLE
Head of Products & Regulatory
AGE
54
Board of Directors Tenure

Average tenure and age of the A3 Allmänna IT- och telekomaktiebolaget board of directors in years:

6.1
Average Tenure
54.5
Average Age
  • The tenure for the A3 Allmänna IT- och telekomaktiebolaget board of directors is about average.
Board of Directors

Thomas Nygren

TITLE
Chairman of the Board
AGE
57
TENURE
5.5 yrs

Paul Moonga

TITLE
CEO & Director
AGE
52
TENURE
6.1 yrs

Mark Hauschildt

TITLE
Director
TENURE
6.5 yrs

Björn Fernström

TITLE
Director
AGE
69
TENURE
8.5 yrs

Anna Philipson

TITLE
Director
TENURE
1.2 yrs

Johan Åsberg

TITLE
Director
AGE
43

Lars Roth

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
21. Nov 18 Buy Thomas Nygren Individual 21. Nov 18 21. Nov 18 10,000 SEK14.44 SEK144,400
X
Management checks
We assess A3 Allmänna IT- och telekomaktiebolaget'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. A3 Allmänna IT- och telekomaktiebolaget 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

Introducing A3 Allmänna IT- och telekomaktiebolaget (STO:ATRE), The Stock That Dropped 44% In The Last Five Years

Check out our latest analysis for A3 Allmänna IT- och telekomaktiebolaget To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. … During five years of share price growth, A3 Allmänna IT- och telekomaktiebolaget moved from a loss to profitability. … If you are thinking of buying or selling A3 Allmänna IT- och telekomaktiebolaget stock, you should check out this free report showing analyst profit forecasts.

Simply Wall St -

Here's Why I Think A3 Allmänna IT- och telekomaktiebolaget (STO:ATRE) Might Deserve Your Attention Today

View our latest analysis for A3 Allmänna IT- och telekomaktiebolaget A3 Allmänna IT- och telekomaktiebolaget's Earnings Per Share Are Growing. … On top of the insider buying, we can also see that A3 Allmänna IT- och telekomaktiebolaget insiders own a large chunk of the company. … For growth investors like me, A3 Allmänna IT- och telekomaktiebolaget's raw rate of earnings growth is a beacon in the night.

Simply Wall St -

Shareholders Should Look Hard At A3 Allmänna IT- och telekomaktiebolaget (publ)’s (STO:ATRE) 2.8% Return On Capital

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for A3 Allmänna IT- och telekomaktiebolaget: 0.028 = kr7.5m ÷ (kr480m - kr207m) (Based on the trailing twelve months to March 2019.) So, A3 Allmänna IT- och telekomaktiebolaget has an ROCE of 2.8%. … What Are Current Liabilities, And How Do They Affect A3 Allmänna IT- och telekomaktiebolaget's ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Is A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) A Risky Dividend Stock?

Could A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) be an attractive dividend share to own for the long haul? … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … There are a few simple ways to reduce the risks of buying A3 Allmänna IT- och telekomaktiebolaget for its dividend, and we'll go through these below.

Simply Wall St -

A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) Insiders Increased Their Holdings

So before you buy or sell A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE), you may well want to know whether insiders have been buying or selling. … Over the last year, we can see that insiders have bought 31000 shares worth kr465k … A3 Allmänna IT- och telekomaktiebolaget may have bought shares in the last year, but they didn't sell any

Simply Wall St -

Investors Who Bought A3 Allmänna IT- och telekomaktiebolaget (STO:ATRE) Shares Five Years Ago Are Now Down 45%

Given that A3 Allmänna IT- och telekomaktiebolaget only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. … As you can imagine, it's easy to imagine a fast growing company becoming (potentially very) profitable, but when revenue growth slows, then the potential upside often seems less impressive. … In the last five years A3 Allmänna IT- och telekomaktiebolaget saw its revenue shrink by 2.0% per year.

Simply Wall St -

Can A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) Improve Its Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows A3 Allmänna IT- och telekomaktiebolaget has a return on equity of 0.5% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Are A3 Allmänna IT- och telekomaktiebolaget (publ)'s (STO:ATRE) Interest Costs Too High?

A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) is a small-cap stock with a market capitalization of kr453m. … 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 -

Read This Before Selling A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Based On Its ROE, Is A3 Allmänna IT- och telekomaktiebolaget (publ) (STO:ATRE) A High Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every SEK1 worth of shareholders' equity, it generated SEK0.022 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

A3 Allmänna IT- och telekomaktiebolaget (publ) operates in the telecommunication and broadband markets in Sweden. It offers fixed telephony, mobile telephony, broadband, Internet, television, and cloud-based exchange and PBX solutions to private clients, household customers, and small and medium-sized enterprises. The company was formerly known as A3 Allmänna IT- och Telekomaktiebolaget AB and changed its name to A3 Allmänna IT- och telekomaktiebolaget (publ) in December 2017. A3 Allmänna IT- och telekomaktiebolaget (publ) is based in Stockholm, Sweden.

Details
Name: A3 Allmänna IT- och telekomaktiebolaget (publ)
ATRE
Exchange: OM
Founded:
SEK478,075,795
32,857,443
Website: http://www.a3.se
Address: A3 Allmänna IT- och telekomaktiebolaget (publ)
Åsögatan 108,
Stockholm,
Stockholm County, 118 29,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ATRE Class A Shares OMX Nordic Exchange Stockholm SE SEK 28. Mar 2013
BST A0RPV1 Class A Shares Boerse-Stuttgart DE SEK 28. Mar 2013
BATS-CHIXE ATRES Class A Shares BATS 'Chi-X Europe' GB SEK 28. Mar 2013
Number of employees
Current staff
Staff numbers
0
A3 Allmänna IT- och telekomaktiebolaget employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:13
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/05/27
Last earnings filing: 2019/05/10
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.