OM:JETPAK

Stock Analysis Report

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Executive Summary

Jetpak Top Holding AB (publ) provides air-based express and long distance logistic solutions in Sweden, Norway, Finland, Denmark, Holland, the United Kingdom, and Belgium. More Details


Snowflake Analysis

Very undervalued with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.8%

JETPAK

-4.6%

SE Logistics

-6.1%

SE Market


1 Year Return

3.8%

JETPAK

24.1%

SE Logistics

6.9%

SE Market

Return vs Industry: JETPAK underperformed the Swedish Logistics industry which returned 22.6% over the past year.

Return vs Market: JETPAK underperformed the Swedish Market which returned 6.2% over the past year.


Shareholder returns

JETPAKIndustryMarket
7 Day-4.8%-4.6%-6.1%
30 Day-4.5%-2.2%-6.6%
90 Day-12.7%14.6%1.6%
1 Year3.8%3.8%26.7%24.1%8.9%6.9%
3 Yearn/a18.1%8.2%22.5%9.3%
5 Yearn/a69.1%45.7%46.4%17.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JETPAK (SEK52) is trading below our estimate of fair value (SEK833.59)

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


Price To Earnings Ratio

PE vs Industry: JETPAK is good value based on its PE Ratio (13.1x) compared to the XE Logistics industry average (16.8x).

PE vs Market: JETPAK is good value based on its PE Ratio (13.1x) compared to the Swedish market (21x).


Price to Earnings Growth Ratio

PEG Ratio: JETPAK is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: JETPAK is good value based on its PB Ratio (1.1x) compared to the XE Logistics industry average (1.9x).


Next Steps

Future Growth

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

28.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JETPAK's forecast earnings growth (28.8% per year) is above the savings rate (0.5%).

Earnings vs Market: JETPAK's earnings (28.8% per year) are forecast to grow faster than the Swedish market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JETPAK's revenue (7.5% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: JETPAK's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JETPAK's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has Jetpak Top Holding performed over the past 5 years?

97.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JETPAK has high quality earnings.

Growing Profit Margin: JETPAK's current net profit margins (5.5%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: JETPAK has become profitable over the past 5 years, growing earnings by 97.3% per year.

Accelerating Growth: JETPAK's earnings growth over the past year (12.2%) is below its 5-year average (97.3% per year).

Earnings vs Industry: JETPAK earnings growth over the past year (12.2%) exceeded the Logistics industry -22.3%.


Return on Equity

High ROE: JETPAK's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Jetpak Top Holding's financial position?


Financial Position Analysis

Short Term Liabilities: JETPAK's short term assets (SEK182.0M) do not cover its short term liabilities (SEK204.9M).

Long Term Liabilities: JETPAK's short term assets (SEK182.0M) do not cover its long term liabilities (SEK233.5M).


Debt to Equity History and Analysis

Debt Level: JETPAK's debt to equity ratio (29.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if JETPAK's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: JETPAK's debt is well covered by operating cash flow (63.6%).

Interest Coverage: JETPAK's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Jetpak Top Holding current dividend yield, its reliability and sustainability?

6.55%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

4.8yrs

Average management tenure


CEO

Kenneth Marx (56 yo)

no data

Tenure

kr4,905,000

Compensation

Mr. Kenneth Marx serves as a Chief Executive Officer of Jetpak Group AB since January 1, 2016. . Mr. Marx serves as a Chief Executive Officer of Jetpak Top Holding AB (publ) .Mr. Marx serves as Nordic Di ...


CEO Compensation Analysis

Compensation vs Market: Kenneth's total compensation ($USD554.70K) is above average for companies of similar size in the Swedish market ($USD234.09K).

Compensation vs Earnings: Kenneth's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Marx
Chief Executive Officerno datakr4.91m0.43%
SEK 2.7m
Håkan Mattisson
Chief Financial Officer0.75yrno datano data
Rikard Lidén
Chief Operating Officer6.75yrsno data0.10%
SEK 624.0k
Charlotte Ingman
HR Manager11.75yrsno data0.012%
SEK 76.6k
Rasmus Enderslev
Chief Commercial Officer & Director of Business Development2.75yrsno data0.035%
SEK 215.5k

4.8yrs

Average Tenure

52yo

Average Age

Experienced Management: JETPAK's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Dueholm
Independent Chairman of the Board4.75yrskr500.00k0.081%
SEK 504.4k
Christian Høy
Independent Member of Board4.75yrskr237.00k0.14%
SEK 864.2k
Shaun Heelan
Member of the Board1.5yrskr187.00kno data
Lone Olsen
Independent Member of the Board1.5yrskr300.00kno data
Morten Werme
Employee Representative Director1.75yrsno datano data

1.8yrs

Average Tenure

61yo

Average Age

Experienced Board: JETPAK's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Jetpak Top Holding AB (publ)
  • Ticker: JETPAK
  • Exchange: OM
  • Founded: 1979
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: kr623.989m
  • Shares outstanding: 12.00m
  • Website: https://Jetpakgroup.com

Number of Employees


Location

  • Jetpak Top Holding AB (publ)
  • Tornvagen 17A
  • Arlanda Airport
  • Stockholm
  • Stockholm County
  • 190 60
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JETPAKOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKDec 2018

Biography

Jetpak Top Holding AB (publ) provides air-based express and long distance logistic solutions in Sweden, Norway, Finland, Denmark, Holland, the United Kingdom, and Belgium. It operates in two segments, Expr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 21:20
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
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.