Dala Energi (OM:DE) - Share price, News & Analysis

Q: What is the Fair Price of DE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

DE (SEK43.5) is trading below our estimate of [[fair value]] (SEK230.89)

DE fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	3/6
Dividends	2/6

DE Stock Overview

Dala Energi AB (publ) operates as a supplier of electricity, heating, and fiber networks in Sweden.

Rewards

Trading at 81.2% below our estimate of its fair value

Revenue grew by 5.9% over the past year

Risk Analysis

Profit margins (17.5%) are lower than last year (62.5%)

Less than 3 years of financial data is available

Dala Energi Competitors

Arise

OM:ARISE

kr3.0b

Elektro Maribor d.d

LJSE:EMAG

€104.7m

Afluente Transmissão de Energia Elétrica

BOVESPA:AFLT3

R$581.0m

TNS energo Nizhny Novgorod

MISX:NNSB

₽7.1b

Price History & Performance

Summary of all time highs, changes and price drops for Dala Energi
Historical stock prices
Current Share Price	kr43.50
52 Week High	kr65.00
52 Week Low	kr42.01
Beta	0
1 Month Change	-7.23%
3 Month Change	-13.00%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-26.90%

Shareholder Returns

	DE	SE Electric Utilities	SE Market
7D	-5.4%	0.8%	3.5%
1Y	n/a	-2.3%	-20.7%

Return vs Industry: Insufficient data to determine how DE performed against the Swedish Electric Utilities industry.

Return vs Market: Insufficient data to determine how DE performed against the Swedish Market.

Price Volatility

Is DE's price volatile compared to industry and market?
DE volatility
DE Average Weekly Movement	6.3%
Electric Utilities Industry Average Movement	5.1%
Market Average Movement	7.1%
10% most volatile stocks in SE Market	12.5%
10% least volatile stocks in SE Market	4.5%

Stable Share Price: DE is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DE's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	80	n/a	https://www.dalaenergi.se

Dala Energi AB (publ) operates as a supplier of electricity, heating, and fiber networks in Sweden. It operates an electricity grid; offers fiber network solutions; and supplies district heating to industrial properties, multi-family houses, administration premises, schools, and single-family homes in Leksand and Insjön. The company is based in Leksand, Sweden.

Dala Energi Fundamentals Summary

How do Dala Energi's earnings and revenue compare to its market cap?
DE fundamental statistics
Market Cap	kr1.08b
Earnings (TTM)	kr58.36m
Revenue (TTM)	kr332.73m

18.5x

P/E Ratio

3.2x

P/S Ratio

Is DE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DE income statement (TTM)
Revenue	kr332.73m
Cost of Revenue	kr94.97m
Gross Profit	kr237.76m
Other Expenses	kr179.40m
Earnings	kr58.36m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.36
Gross Margin	71.46%
Net Profit Margin	17.54%
Debt/Equity Ratio	23.5%

How did DE perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

25%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is DE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DE?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for DE. This is calculated by dividing DE's market cap by their current preferred multiple.
What is DE's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	kr1.08b

DE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.9x
Enterprise Value/EBITDA	10.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does DE's PE Ratio compare to its peers?

DE PE Ratio vs Peers

The above table shows the PE ratio for DE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	22.9x
ARISE Arise	30.6x	7.5%	kr3.0b
EMAG Elektro Maribor d.d	11.4x	n/a	€104.7m
AFLT3 Afluente Transmissão de Energia Elétrica	5x	n/a	R$581.0m
NNSB TNS energo Nizhny Novgorod	44.9x	n/a	₽7.1b
DE Dala Energi	18.5x	n/a	kr1.1b

Price-To-Earnings vs Peers: DE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (22.9x).

Price to Earnings Ratio vs Industry

How does DE's PE Ratio compare vs other companies in the European Electric Utilities Industry?

Price-To-Earnings vs Industry: DE is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the European Electric Utilities industry average (11.1x)

Price to Earnings Ratio vs Fair Ratio

What is DE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DE's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of DE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DE (SEK43.5) is trading below our estimate of fair value (SEK230.89)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Future Growth

How is Dala Energi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.1%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dala Energi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Examine whether Dala Energi is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
Dala Energi competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Dala Energi performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-70.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: DE has high quality earnings.

Growing Profit Margin: DE's current net profit margins (17.5%) are lower than last year (62.5%).

Past Earnings Growth Analysis

Earnings Trend: Unable to establish if DE's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare DE's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: DE had negative earnings growth (-70.3%) over the past year, making it difficult to compare to the Electric Utilities industry average (5.8%).

Return on Equity

High ROE: DE's Return on Equity (6.5%) is considered low.

Discover strong past performing companies

Financial Health

How is Dala Energi's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DE's short term assets (SEK107.0M) do not cover its short term liabilities (SEK162.8M).

Long Term Liabilities: DE's short term assets (SEK107.0M) do not cover its long term liabilities (SEK381.7M).

Debt to Equity History and Analysis

Debt Level: DE's net debt to equity ratio (23.5%) is considered satisfactory.

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

Debt Coverage: DE's debt is well covered by operating cash flow (89.8%).

Interest Coverage: DE's interest payments on its debt are well covered by EBIT (14.8x coverage).

Balance Sheet

Discover healthy companies

Dividend

What is Dala Energi current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

1.38%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DE's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.45%).

High Dividend: DE's dividend (1.38%) is low compared to the top 25% of dividend payers in the Swedish market (5.38%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether DE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DE's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.5%), DE's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (43.3%), DE's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Dala Energi has no CEO, or we have no data on them.

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: DE only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31