OTCPK:NLFK.F

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Nilfisk Holding A/S manufactures and sells cleaning products and services worldwide.


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NLFK.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

NLFK.F

7.4%

US Machinery

2.5%

US Market


1 Year Return

n/a

NLFK.F

0.6%

US Machinery

8.4%

US Market

Return vs Industry: Insufficient data to determine how NLFK.F performed against the US Machinery industry.

Return vs Market: Insufficient data to determine how NLFK.F performed against the US Market.


Shareholder returns

NLFK.FIndustryMarket
7 Day0%7.4%2.5%
30 Dayn/a4.6%5.1%
90 Dayn/a-3.9%2.0%
1 Yearn/a2.6%0.6%10.9%8.4%
3 Yearn/a10.5%3.4%30.5%21.9%
5 Yearn/a41.5%24.6%56.9%39.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NLFK.F ($13.05) is trading below our estimate of fair value ($21.1)

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


Price To Earnings Ratio

PE vs Industry: NLFK.F is poor value based on its PE Ratio (84x) compared to the Machinery industry average (20.5x).

PE vs Market: NLFK.F is poor value based on its PE Ratio (84x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: NLFK.F is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: NLFK.F is overvalued based on its PB Ratio (2.3x) compared to the US Machinery industry average (2x).


Next Steps

Future Growth

How is Nilfisk Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

82.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NLFK.F's forecast earnings growth (82.4% per year) is above the savings rate (2.2%).

Earnings vs Market: NLFK.F's earnings (82.4% per year) are forecast to grow faster than the US market (21.6% per year).

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

Revenue vs Market: NLFK.F's revenue (2% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: NLFK.F's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NLFK.F's Return on Equity is forecast to be low in 3 years time (16.2%).


Next Steps

Past Performance

How has Nilfisk Holding performed over the past 5 years?

-47.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NLFK.F has a large one-off loss of €19.7M impacting its March 31 2020 financial results.

Growing Profit Margin: NLFK.F's current net profit margins (0.5%) are lower than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: NLFK.F's earnings have declined by -47.7% per year over the past 5 years.

Accelerating Growth: NLFK.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NLFK.F had negative earnings growth (-14.1%) over the past year, making it difficult to compare to the Machinery industry average (-5.7%).


Return on Equity

High ROE: NLFK.F's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is Nilfisk Holding's financial position?


Financial Position Analysis

Short Term Liabilities: NLFK.F's short term assets (€390.0M) exceed its short term liabilities (€234.7M).

Long Term Liabilities: NLFK.F's short term assets (€390.0M) do not cover its long term liabilities (€437.8M).


Debt to Equity History and Analysis

Debt Level: NLFK.F's debt to equity ratio (242.6%) is considered high.

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

Debt Coverage: NLFK.F's debt is well covered by operating cash flow (24.5%).

Interest Coverage: NLFK.F's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

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

3.21%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if NLFK.F'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 NLFK.F'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?

2.3yrs

Average management tenure


CEO

Hans Lund

2.75yrs

Tenure

€1,968,000

Compensation

Mr. Hans Henrik Lund serves as the Chief Executive Officer at Nilfisk Holding A/S. and Act as its Interim Head of America since November 6, 2018. He is Chief Executive Officer of Nilfisk A/S since August 2 ...


CEO Compensation Analysis

Compensation vs Market: Hans's total compensation ($USD2.16M) is about average for companies of similar size in the US market ($USD2.21M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hans Lund
CEO & Member of Executive Management Board2.75yrs€1.97m0.072% 294.2k
Prisca Havranek-Kosicek
Executive VP1.33yrsno datano data
Jesper Madsen
Executive Vice President of Global Operations3.33yrsno datano data
Jens Bak-Holder
Head of Investor Relations1.33yrsno datano data
Hans Jensen
Group General Counsel & Senior VP of Corporate Affairsno datano data0.0027% 11.0k
Camilla Ramby
Executive Vice President of Marketing2.33yrsno datano data
Jacob Blom
Executive Vice President of Human Resources4.33yrsno data0.00074% 3.0k
Serdar Ülger
Senior Vice President of APAC Salesno datano datano data
Casper Brorsen
Executive Vice President of Global Service2.33yrsno datano data
Steen Lindbo
Executive Vice President of EMEA & Americas Sales1.67yrsno datano data

2.3yrs

Average Tenure

Experienced Management: NLFK.F's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jens Peter Olsen
Independent Chairman2.58yrs€120.80k0.080% 326.2k
Thomas Schleicher
Non-Independent Director1.17yrsno data0.0096% 39.0k
René Svendsen-Tune
Independent Director2.58yrs€40.30k0.015% 60.1k
Jutta af Rosenborg
Independent Director2.58yrs€80.50kno data
Anders Runevad
Independent Director2.58yrs€40.30k0.0037% 15.0k
Lars Sørensen
Deputy Chairman2.58yrs€93.90k0.0025% 10.3k
Yvonne Markussen
Director1.25yrs€8.90k0.000020% 81.4
Søren Kristensen
Director2.17yrs€31.30kno data
Gerner Andersen
Director2.17yrs€31.30k0.00077% 3.1k
Richard Bisson
Independent Director1.17yrsno data0.024% 97.6k

2.4yrs

Average Tenure

59yo

Average Age

Experienced Board: NLFK.F's board of directors are not considered experienced ( 2.4 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

Nilfisk Holding A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nilfisk Holding A/S
  • Ticker: NLFK.F
  • Exchange: OTCPK
  • Founded: 1906
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ø2.767b
  • Listing Market Cap: ø407.243m
  • Shares outstanding: 27.13m
  • Website: https://www.nilfisk.com

Number of Employees


Location

  • Nilfisk Holding A/S
  • Kornmarksvej 1
  • Brøndby
  • 2605
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RUZLSE (London Stock Exchange)YesShare CapitalGBDKKOct 2017
NLFSKCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKOct 2017
NF1DB (Deutsche Boerse AG)YesShare CapitalDEEUROct 2017
NLFK.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDOct 2017
NLFSKCBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKOct 2017

Biography

Nilfisk Holding A/S manufactures and sells cleaning products and services worldwide. The company operates in five segments: EMEA, Americas, APAC, Specialty Professional, and Specialty Consumer. It offers commercial and industrial vacuum cleaners; floor cleaning products, including single-disc, burnishers, carpet extractors, scrubber dryers, sweepers, and combination machines; outdoor products, such as utility machines, suction sweepers, street scrubbers, weed control machines, riding lawn mowers, and snow removal machines; mobile, stationary, and petrol/diesel driven pressure washers; and industry, vehicle, floorcare, surface, and textile detergents, as well as care and maintenance products, and disinfectants. It serves clients in agriculture, automotive, beverage, building and construction, ceramics, chemical, education, electronics, food, glass, healthcare, heavy industry, hospitality, metal, optics, paper, pharmaceutical, plastic and rubber, residential areas, retail, textiles, and wood industries, as well as contract cleaners, municipalities, OEM-machine manufacturers, offices and public buildings, parks and gardens, and service contractors. The company serves customers through a network of dealers and distributors, as well as through e-commerce sales. Nilfisk Holding A/S was founded in 1906 and is headquartered in Brøndby, Denmark. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 04:42
End of Day Share Price2020/05/12 00:00
Earnings2020/03/31
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.