OTCPK:SVNL.Y

Stock Analysis Report

Svenska Handelsbanken

Executive Summary

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Denmark, Finland, Norway, and the Netherlands.

Snowflake

Fundamentals

6 star dividend payer and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.7%

OTCPK:SVNL.Y

-1.8%

US Banks

0.2%

US Market


1 Year Return

-29.1%

OTCPK:SVNL.Y

-15.3%

US Banks

-0.7%

US Market

SVNL.Y underperformed the Banks industry which returned -13.6% over the past year.

SVNL.Y underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

SVNL.YIndustryMarket
7 Day1.7%-1.8%0.2%
30 Day-10.0%-6.4%-2.7%
90 Day-14.0%-4.0%1.6%
1 Year-26.4%-29.1%-12.9%-15.3%1.6%-0.7%
3 Year-23.5%-31.9%41.3%31.7%40.0%30.9%
5 Year-34.8%-45.9%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Svenska Handelsbanken undervalued based on future cash flows and its price relative to the stock market?

12%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Svenska Handelsbanken's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Svenska Handelsbanken's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Svenska Handelsbanken is good value based on earnings compared to the US Banks industry average.

Svenska Handelsbanken is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Svenska Handelsbanken is poor value based on expected growth next year.


Price Based on Value of Assets

Svenska Handelsbanken is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Svenska Handelsbanken expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

2.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Svenska Handelsbanken's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).

Svenska Handelsbanken's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

Svenska Handelsbanken's revenue growth is positive but not above the United States of America market average.

Svenska Handelsbanken's earnings growth is positive but not above the United States of America market average.

Svenska Handelsbanken's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Svenska Handelsbanken is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Svenska Handelsbanken performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Svenska Handelsbanken's year on year earnings growth rate has been positive over the past 5 years.

Svenska Handelsbanken's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Svenska Handelsbanken's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Svenska Handelsbanken has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Svenska Handelsbanken used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Svenska Handelsbanken improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Svenska Handelsbanken's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Svenska Handelsbanken has an acceptable proportion of non-loan assets held.

Svenska Handelsbanken has a low allowance for bad loans.

Svenska Handelsbanken's liabilities are made up of primarily higher risk sources of funding.

Svenska Handelsbanken's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).

Svenska Handelsbanken has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).

Svenska Handelsbanken has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

7.37%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Svenska Handelsbanken's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Svenska Handelsbanken's dividend is above the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


Next Steps

Management

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

0.4yrs

Average management tenure


CEO

Carina Åkerström (57yo)

0.4yrs

Tenure

kr8,600,000

Compensation

Ms. Carina Åkerström has been President, Group Chief Executive and Executive Director of Svenska Handelsbanken AB (publ) since March 27, 2019. Ms. Åkerström served as Deputy Group Chief Executive at Svensk ...


CEO Compensation Analysis

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

Carina's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.4yrs

Average Tenure

55yo

Average Age

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


Board Age and Tenure

4.4yrs

Average Tenure

56yo

Average Age

The tenure for the Svenska Handelsbanken board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Yonnie Bergqvist (58yo)

    Head of Retail and E-Services

    • Tenure: 8.5yrs
  • Lars Höglund

    Head of Investor Relations

    • Tenure: 1.9yrs
  • Carina Åkerström (57yo)

    President

    • Tenure: 0.4yrs
    • Compensation: kr8.60m
  • Charlotte Skog (55yo)

    Executive Director

    • Tenure: 7.4yrs
  • Magnus Ericson (51yo)

    Chief Human Resources of Group HR

    • Tenure: 0.3yrs
  • Martin Wasteson (48yo)

    Chief Legal Officer of Group Legal

    • Tenure: 4.4yrs
  • Rolf Marquardt (55yo)

    CFO of Group Finance & Executive Director

    • Tenure: 2.9yrs
  • Juha Rantamaa (55yo)

    Acting Chief Information Officer of IT & Infrastructure

    • Tenure: 0.3yrs
  • Maria Wessman

    Acting Chief Communications & Sustainability Officer

    • Tenure: 0.3yrs
  • Maria Tornell

    Acting Chief Compliance Officer

    • Tenure: 0.3yrs

Board Members

  • Fredrik Lundberg (68yo)

    Vice Chairman of the Board

    • Tenure: 11.3yrs
  • Pär Boman (58yo)

    Chairman of the Board

    • Tenure: 4.4yrs
  • M. Widerberg (70yo)

    Chairman of Handel Och Industri

    • Tenure: 10.6yrs
  • Dag Tjernsmo (57yo)

    CEO of Handelsbanken Norway

    • Tenure: 0.0yrs
  • Göran Stille (53yo)

    Chairman of Subsidiary

    • Tenure: 0.0yrs
  • Carina Åkerström (57yo)

    President

    • Tenure: 0.4yrs
    • Compensation: kr8.60m
  • Charlotte Skog (55yo)

    Executive Director

    • Tenure: 7.4yrs
  • Maria Hedin (55yo)

    CRO of Group Risk Control & Executive Director

    • Tenure: 0.6yrs
  • Pål Bergström (52yo)

    Head of Handelsbanken Markets

    • Tenure: 0.0yrs
  • Dan Lindwall (54yo)

    Head of Handelsbanken Capital Markets & Executive Director

    • Tenure: 0.6yrs

Company Information

Svenska Handelsbanken AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Svenska Handelsbanken AB (publ)
  • Ticker: SVNL.Y
  • Exchange: OTCPK
  • Founded: 1871
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: kr165.195b
  • Listing Market Cap: kr17.016b
  • Shares outstanding: 1.96b
  • Website: https://www.handelsbanken.se

Number of Employees


Location

  • Svenska Handelsbanken AB (publ)
  • Kungsträdgårdsgatan 2
  • Stockholm
  • Stockholm County
  • 106 70
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SVNL.FOTCPK (Pink Sheets LLC)YesClass A Ordinary SharesUSUSDJan 1981
SHB AOM (OMX Nordic Exchange Stockholm)YesClass A Ordinary SharesSESEKJan 1981
SVHHDB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURJan 1981
0R7RLSE (London Stock Exchange)YesClass A Ordinary SharesGBSEKJan 1981
0R7RLSE (London Stock Exchange)YesClass A Ordinary SharesGBSEKJan 1981
SHB BOM (OMX Nordic Exchange Stockholm)Class B Ordinary SharesSESEKJan 1992
0R7SLSE (London Stock Exchange)Class B Ordinary SharesGBSEKJan 1992
SVHGDB (Deutsche Boerse AG)Class B Ordinary SharesDEEURJan 1992
SVNL.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Denmark, Finland, Norway, and the Netherlands. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:02
End of Day Share Price2019/08/20 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.