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Transtema Group

OM:TRANS BTA
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRANS BTA
OM
SEK568M
Market Cap
  1. Home
  2. SE
  3. Telecom
Company description

Transtema Group AB provides services and solutions to customers in the areas of networking and communications in Sweden. The last earnings update was 71 days ago. More info.


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TRANS BTA Share Price and Events
Price Volatility
TRANS BTA
Industry
5yr Volatility vs Market

TRANS BTA Value

 Is Transtema Group 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
  • It is not possible to calculate the future cash flow value for Transtema Group. This is due to cash flow or dividend data being unavailable. The share price is SEK20.1.
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 Transtema Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Transtema Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:TRANS BTA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in SEK SEK-0.65
XSAT:TRANS Share Price ** XSAT (2018-10-25) in SEK SEK20.75
Europe Telecom Industry PE Ratio Median Figure of 53 Publicly-Listed Telecom Companies 17.11x
Sweden Market PE Ratio Median Figure of 316 Publicly-Listed Companies 15.74x

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

** Primary Listing of Transtema Group.

OM:TRANS BTA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XSAT:TRANS Share Price ÷ EPS (both in SEK)

= 20.75 ÷ -0.65

-32.13x

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

  • Transtema Group is loss making, we can't compare its value to the Europe Telecom industry average.
  • Transtema Group is loss making, we can't compare the value of its earnings to the Sweden market.
Price based on expected Growth
Does Transtema Group's expected growth come at a high price?
Raw Data
OM:TRANS BTA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -32.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
27.7%per year
Europe Telecom Industry PEG Ratio Median Figure of 36 Publicly-Listed Telecom Companies 1.65x
Sweden Market PEG Ratio Median Figure of 227 Publicly-Listed Companies 1.09x

*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 Transtema Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Transtema Group's assets?
Raw Data
OM:TRANS BTA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in SEK SEK12.29
XSAT:TRANS Share Price * XSAT (2018-10-25) in SEK SEK20.75
Sweden Telecom Industry PB Ratio Median Figure of 6 Publicly-Listed Telecom Companies 4.48x
Sweden Market PB Ratio Median Figure of 543 Publicly-Listed Companies 2.43x
OM:TRANS BTA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XSAT:TRANS Share Price ÷ Book Value per Share (both in SEK)

= 20.75 ÷ 12.29

1.69x

* Primary Listing of Transtema Group.

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

  • Transtema Group is good value based on assets compared to the SE Telecom industry average.
X
Value checks
We assess Transtema Group'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. Transtema Group has a total score of 1/6, 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.

TRANS BTA Future Performance

 How is Transtema Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Transtema Group, future earnings growth has been estimated based on fundamentals.
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
27.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Transtema Group expected to grow at an attractive rate?
  • Transtema Group's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Transtema Group's earnings growth is expected to exceed the Sweden market average.
  • Unable to compare Transtema Group's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:TRANS BTA Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:TRANS BTA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 27.7%
Sweden Telecom Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
Sweden Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:TRANS BTA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:TRANS BTA Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-06-30 985 -68 -14
2018-03-31 1,042 -119 11
2017-12-31 970 -76 18
2017-09-30 816 -107 36
2017-06-30 639 -72 40
2017-03-31 502 -24 29
2016-12-31 432 -34 28
2016-09-30 256 6 21
2016-06-30 157 10 13
2016-03-31 81 15 7
2015-12-31 58 15 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Transtema Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Transtema Group is high growth as no revenue estimate data is available.
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:TRANS BTA 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 0 Analyst Estimates (S&P Global) See Below

All data from Transtema Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:TRANS BTA Past Financials Data
Date (Data in SEK Millions) EPS *
2018-06-30 -0.65
2018-03-31 0.53
2017-12-31 0.87
2017-09-30 1.81
2017-06-30 2.06
2017-03-31 1.52
2016-12-31 1.53
2016-09-30 1.18
2016-06-30 0.80
2016-03-31 0.41
2015-12-31 0.49

*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.
  • Unable to establish if Transtema Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Transtema Group'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.
Transtema Group 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.

TRANS BTA Past Performance

  How has Transtema Group 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 Transtema Group'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.
  • Transtema Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Transtema Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Transtema Group's 1-year growth to the Europe Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Transtema Group'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 Transtema Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:TRANS BTA Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 985.33 -13.73 322.52
2018-03-31 1,041.64 11.06 306.28
2017-12-31 970.24 17.76 274.28
2017-09-30 815.70 35.63 224.18
2017-06-30 638.72 39.52 171.14
2017-03-31 502.32 28.50 130.25
2016-12-31 432.48 28.12 101.03
2016-09-30 256.20 21.38 59.34
2016-06-30 157.44 13.18 45.34
2016-03-31 81.14 7.24 30.10
2015-12-31 58.06 7.32 20.22
2014-12-31 48.77 7.06 17.34
2013-12-31 46.70 5.65 17.99
2012-12-31 47.81 4.74 16.05
2011-12-31 30.94 3.17 10.61

*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 Transtema Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Transtema Group has efficiently used its assets last year compared to the Europe Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Transtema Group 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 Transtema Group'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.
Transtema Group 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.

TRANS BTA Health

 How is Transtema Group'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 Transtema Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Transtema Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Transtema Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Transtema Group'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 2x 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 Transtema Group Company Filings, last reported 3 months ago.

OM:TRANS BTA Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 263.94 183.31 16.47
2018-03-31 248.87 182.87 20.99
2017-12-31 251.98 168.01 29.41
2017-09-30 245.97 134.79 44.88
2017-06-30 194.82 124.97 22.86
2017-03-31 123.50 67.96 23.47
2016-12-31 103.78 66.59 13.48
2016-09-30 91.96 43.83 17.01
2016-06-30 72.34 39.85 12.41
2016-03-31 52.14 23.98 13.16
2015-12-31 29.36 6.67 16.62
2014-12-31 7.18 0.00 15.08
2013-12-31 15.97 0.00 15.12
2012-12-31
2011-12-31
  • Transtema Group's level of debt (69.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Transtema Group's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Transtema Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Transtema Group'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. Transtema Group has a total score of 2/6, 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.

TRANS BTA Dividends

 What is Transtema Group'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 Transtema Group dividends.
If you bought SEK2,000 of Transtema Group 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 Transtema Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Transtema Group'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:TRANS BTA 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 0 Analyst Estimates (S&P Global) See Below
Europe Telecom Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 5%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 241 Stocks 3.8%
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 5%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Transtema Group has not reported any payouts.
  • Unable to verify if Transtema Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Transtema Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Transtema Group 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 Transtema Group'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 Transtema Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Transtema Group 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.

TRANS BTA Management

 What is the CEO of Transtema Group'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
Magnus Johansson
COMPENSATION SEK1,073,000
AGE 55
CEO Bio

Mr. Magnus Johansson has been the Chief Executive Officer of Transtema Group AB since 1997 and serves as its President. Mr. Johansson serves as the Chairman of the Board of Directors of Törnäs Invest AB. He has been a Director of Transtema Group AB since November 19, 2014. He serves as a Member of the Board of Directors of Transtema AB, Relink Networks AB, Hadoque AB, LEDventure AB and Caleo Technologies AB. He served as a Director of Hexatronic Group AB (publ) since 2012. He served as a Director of Hexatronic Scandinavia AB (publ). Mr. Johansson holds Master of Science in Computer Engineering from Chalmers University of Technology and MBA from The Gothenburg School of Business, Economics and Law at the University of Gothenburg.

CEO Compensation
  • Magnus's compensation has been consistent with company performance over the past year.
  • Magnus's remuneration is lower than average for companies of similar size in Sweden.
Management Team

Magnus Johansson

TITLE
Chief Executive Officer
COMPENSATION
SEK1M
AGE
55

Malin Krouthén

TITLE
Chief Financial Officer
AGE
51

Jens Boberg

TITLE
Deputy Chief Executive Officer
Board of Directors Tenure

Average tenure and age of the Transtema Group board of directors in years:

3.9
Average Tenure
51
Average Age
  • The tenure for the Transtema Group board of directors is about average.
Board of Directors

Göran Nordlund

TITLE
Chairman
COMPENSATION
SEK60K
AGE
60

Magnus Johansson

TITLE
Chief Executive Officer
COMPENSATION
SEK1M
AGE
55
TENURE
3.9 yrs

Per-Olof Mellberg

TITLE
Director
COMPENSATION
SEK60K
AGE
51
TENURE
3.9 yrs

Oskar Säfström

TITLE
Director
COMPENSATION
SEK60K
AGE
37
TENURE
3.9 yrs

Daniel Ajax

TITLE
Director
COMPENSATION
SEK718K
AGE
41
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess Transtema Group'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. Transtema Group 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.

TRANS BTA News

External News
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Simply Wall St News

TRANS BTA Company Info

Map
Description

Transtema Group AB provides services and solutions to customers in the areas of networking and communications in Sweden. It offers design, construction, documentation, maintenance, and other consulting services for communications networks. The company also plans, projects, and builds optical fiber networks; and projects and builds data networks in real estate for fiber and copper-based networks. In addition, it is involved in the planning, construction, commissioning, service, and maintenance of radio networks; and design and deployment of network electronics and active communication equipment, as well as operates as a dealer of network equipment. The company was founded in 1997 and is based in Mölndal, Sweden.

Details
Name: Transtema Group AB
TRANS BTA
Exchange: OM
Founded: 1997
SEK568,263,048
27,386,171
Website: http://www.transtema.com
Address: Transtema Group AB
Flöjelbergsgatan 12,
Mölndal,
Västra Götaland County, 431 37,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XSAT TRANS Common Shares Aktietorget SE SEK 21. May 2015
OM TRANS BTA NPV BTA 122018 OMX Nordic Exchange Stockholm SE SEK 17. Sep 2018
Number of employees
Current staff
Staff numbers
0
Transtema Group employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/26 19:24
End of day share price update: 2018/10/25 00:00
Last earnings filing: 2018/08/16
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.