NYSE:VNE

Stock Analysis Report

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Executive Summary

Veoneer, Inc. engages in the design, development, manufacture, and sale of automotive safety electronics.


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has Veoneer's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.4%

VNE

5.8%

US Auto Components

3.0%

US Market


1 Year Return

-39.0%

VNE

2.2%

US Auto Components

15.8%

US Market

Return vs Industry: VNE underperformed the US Auto Components industry which returned 1.6% over the past year.

Return vs Market: VNE underperformed the US Market which returned 15.4% over the past year.


Shareholder returns

VNEIndustryMarket
7 Day1.4%5.8%3.0%
30 Day-9.1%10.9%6.0%
90 Day-1.6%23.4%16.4%
1 Year-39.0%-39.0%3.3%2.2%18.4%15.8%
3 Yearn/a-12.1%-21.4%44.8%35.4%
5 Yearn/a9.8%-6.6%75.7%56.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Veoneer undervalued compared to its fair value and its price relative to the market?

0.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: VNE is unprofitable, so we can't compare its PE Ratio to the US Auto Components industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VNE is good value based on its PB Ratio (0.8x) compared to the US Auto Components industry average (1.7x).


Next Steps

Future Growth

How is Veoneer forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

49.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: VNE's revenue (19.6% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: VNE's revenue (19.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Veoneer performed over the past 5 years?

-40.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VNE is currently unprofitable.

Growing Profit Margin: VNE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VNE is unprofitable, and losses have increased over the past 5 years at a rate of 40.6% per year.

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

Earnings vs Industry: VNE is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-17.3%).


Return on Equity

High ROE: VNE has a negative Return on Equity (-39.11%), as it is currently unprofitable.


Next Steps

Financial Health

How is Veoneer's financial position?


Financial Position Analysis

Short Term Liabilities: VNE's short term assets ($1.3B) exceed its short term liabilities ($429.0M).

Long Term Liabilities: VNE's short term assets ($1.3B) exceed its long term liabilities ($334.0M).


Debt to Equity History and Analysis

Debt Level: VNE's debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if VNE's debt to equity ratio has reduced 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: VNE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: VNE has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 35% each year


Next Steps

Dividend

What is Veoneer current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate VNE'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 VNE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VNE'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 VNE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Jan Carlson (60 yo)

no data

Tenure

US$4,231,279

Compensation

Mr. Jan Carlson has been Chairman of the Board of Autoliv Inc. since May 2014 and serves as its Director since May 2007. Mr. Carlson serves as Chairman of the Board of Directors, President and Chief Execut ...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD4.23M) is above average for companies of similar size in the US market ($USD3.09M).

Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jan Carlson
Chairman of the Board of Directorsno dataUS$4.23m0.18%
$ 2.0m
Mats Backman
CFO & Executive VP of Financial Affairs1.42yrsUS$1.91m0.0026%
$ 29.7k
Nishant Batra
CTO and Executive VP of Technology1.75yrsUS$1.15mno data
Lars Sjöbring
Executive VP of Legal Affairs2.33yrsUS$1.36m0.0071%
$ 81.0k
Steve Rodé
Executive Vice President of Operations2.33yrsno data0.0061%
$ 69.7k
Thomas Jönsson
Executive Vice President of Communications & IR2.33yrsUS$767.02k0.0099%
$ 112.6k
Mikael Landberg
Executive Vice President of Human Resources0.42yrno datano data
Art Blanchford
Executive Vice President of Business Units NACK (North America2.33yrsUS$881.54k0.0023%
$ 25.9k
Takayoshi Matsunaga
Executive Vice President of Business Unit Japan & India0.83yrno datano data
Per Skytt
Executive Vice President Technical Competence Centers1.25yrsno datano data
Matthias Bieler
Executive Vice President of Business Unit Europe0.50yrno datano data
Christer Lundstrom
Senior Vice President of Quality0.58yrno datano data

1.4yrs

Average Tenure

53.5yo

Average Age

Experienced Management: VNE's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jan Carlson
Chairman of the Board of Directorsno dataUS$4.23m0.18%
$ 2.0m
James Ringler
Independent Director2.33yrsUS$300.00k0.014%
$ 158.3k
D. Durcan
Independent Director2.17yrsUS$240.00k0.0072%
$ 82.0k
Wolfgang Ziebart
Independent Director2.17yrsUS$260.00k0.0088%
$ 100.1k
Robert Alspaugh
Independent Director2.17yrsUS$270.00k0.011%
$ 123.4k
Kazuhiko Sakamoto
Independent Director2.17yrsUS$240.00k0.011%
$ 120.8k
Jonas Synnergren
Independent Director2.17yrsUS$240.00k0.0069%
$ 78.2k
Mary Cummings
Independent Director2.17yrsUS$240.00k0.0072%
$ 82.0k

2.2yrs

Average Tenure

65yo

Average Age

Experienced Board: VNE's board of directors are not considered experienced ( 2.2 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

Veoneer, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Veoneer, Inc.
  • Ticker: VNE
  • Exchange: NYSE
  • Founded: 2017
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$1.137b
  • Shares outstanding: 111.59m
  • Website: https://www.veoneer.com

Number of Employees


Location

  • Veoneer, Inc.
  • Klarabergsviadukten 70
  • Section C6
  • Stockholm
  • Stockholm County
  • 103 02
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VNENYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2018
1EKDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2018
VNE SDBOM (OMX Nordic Exchange Stockholm)SDR EACH REP 1 USD1SESEKJul 2018
VNESBATS-CHIXE (BATS 'Chi-X Europe')SDR EACH REP 1 USD1GBSEKJul 2018

Biography

Veoneer, Inc. engages in the design, development, manufacture, and sale of automotive safety electronics. It operates in two segments, Electronics and Brake Systems. It offers automotive radars, mono-and s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 00:09
End of Day Share Price2020/08/06 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.