NYSE:VNE

Stock Analysis Report

Executive Summary

Veoneer, Inc. designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Risks

  • Veoneer has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-6.6%

NYSE:VNE

-3.1%

US Auto Components

-1.0%

US Market


1 Year Return

-72.1%

NYSE:VNE

-30.8%

US Auto Components

-0.4%

US Market

VNE underperformed the Auto Components industry which returned -30.8% over the past year.

VNE underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

VNEIndustryMarket
7 Day-6.6%-3.1%-1.0%
30 Day-4.5%-7.1%-3.3%
90 Day-17.5%-2.1%0.8%
1 Year-72.1%-72.1%-29.8%-30.8%1.9%-0.4%
3 Yearn/a1.6%-9.4%39.4%30.4%
5 Yearn/a-2.5%-15.8%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

0.88x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Veoneer to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Veoneer to establish if it is available at substantial discount.


Price Based on Earnings

Veoneer is loss making, we can't compare its value to the US Auto Components industry average.

Veoneer is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Veoneer, we can't assess if its growth is good value.


Price Based on Value of Assets

Veoneer is good value based on assets compared to the US Auto Components industry average.


Next Steps

Future Growth

How is Veoneer expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

41.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Veoneer's revenue is expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).

Veoneer is not considered high growth as it is expected to be loss making for the next 1-3 years.

Veoneer's revenue growth is expected to exceed the United States of America market average.

Unable to compare Veoneer's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Veoneer's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Veoneer will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


Next Steps

Past Performance

How has Veoneer performed over the past 5 years?

-47.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Veoneer does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Veoneer's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Veoneer's 1-year growth to the US Auto Components industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Veoneer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Veoneer has efficiently used its assets last year compared to the US Auto Components industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Veoneer improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Veoneer's financial position?


Financial Position Analysis

Veoneer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Veoneer's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Veoneer's level of debt (8.7%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Veoneer's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 9.8x debt.


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.

Veoneer has sufficient cash runway for more than 3 years based on current free cash flow.

Veoneer has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 52.6% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Veoneer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Veoneer's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Veoneer has not reported any payouts.

Unable to verify if Veoneer's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Veoneer has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Veoneer's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Veoneer's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Jan Carlson (59yo)

US$7,612,626

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

Jan's remuneration is higher than average for companies of similar size in United States of America.

Jan's compensation has increased whilst company is loss making.


Management Age and Tenure

1.3yrs

Average Tenure

52yo

Average Age

The average tenure for the Veoneer management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.2yrs

Average Tenure

64yo

Average Age

The average tenure for the Veoneer board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$2,532,50004 Feb 19
Jan Carlson
EntityIndividual
Role
Chairman of the Board of Directors
Chairman of the Board
Shares50,000
Max PriceUS$50.65
BuyUS$32,65910 Sep 18
Art Blanchford
EntityIndividual
Role
Executive Vice President of Business Units NACK (North America
Shares632
Max PriceUS$51.68

Ownership Breakdown


Management Team

  • Mikko Taipale (49yo)

    Executive Vice President of Human Resources

    • Tenure: 1.3yrs
  • Thomas Jönsson (53yo)

    Executive Vice President of Communications & IR

    • Tenure: 1.2yrs
    • Compensation: $767.02k
  • Mats Backman (51yo)

    CFO & Executive VP of Financial Affairs

    • Tenure: 0.4yrs
  • Per Skytt

    Executive Vice President Technical Competence Centers

  • Takayoshi Matsunaga (62yo)

    Executive Vice President of Business Unit Japan & India

  • Jan Carlson (59yo)

    Chairman of the Board of Directors

    • Compensation: $7.61m
  • Lars Sjöbring (52yo)

    Executive VP of Legal Affairs

    • Tenure: 1.3yrs
    • Compensation: $2.64m
  • Art Blanchford (48yo)

    Executive Vice President of Business Units NACK (North America

    • Tenure: 1.3yrs
    • Compensation: $881.54k
  • Steve Rodé (58yo)

    Executive Vice President of Operations

    • Tenure: 1.3yrs
  • Nishant Batra (41yo)

    CTO and Executive VP of Technology

    • Tenure: 0.8yrs

Board Members

  • Jim Ringler (74yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: $190.00k
  • Wolfgang Ziebart (69yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: $70.00k
  • Bob Alspaugh (72yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: $75.00k
  • Kazuhiko Sakamoto (74yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: $60.00k
  • Jan Carlson (59yo)

    Chairman of the Board of Directors

    • Compensation: $7.61m
  • Jonas Synnergren (42yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: $160.00k
  • Mark Durcan (58yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: $160.00k
  • Mary Cummings (52yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: $160.00k

Company Information

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


Key Information

  • Name: Veoneer, Inc.
  • Ticker: VNE
  • Exchange: NYSE
  • Founded:
  • Industry: auto parts and equipment
  • Sector: automobiles
  • Market Cap: US$1.738b
  • Shares outstanding: 111.40m
  • Website: Click here

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
1EKBST (Boerse-Stuttgart)YesCommon StockDEEURJun 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. designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 01:11
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.