OTCPK:SNDV.F

Stock Analysis Report

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Executive Summary

Scandinavian Tobacco Group A/S manufactures and sells handmade and machine-made cigars, and pipe tobacco worldwide. More Details


Snowflake Analysis

Very undervalued average dividend payer.


Similar Companies

Share Price & News

How has Scandinavian Tobacco Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SNDV.F

-3.8%

US Tobacco

-2.4%

US Market


1 Year Return

n/a

SNDV.F

-5.0%

US Tobacco

12.0%

US Market

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

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


Shareholder returns

SNDV.FIndustryMarket
7 Day0%-3.8%-2.4%
30 Day3.1%-11.1%-6.5%
90 Dayn/a0.5%8.4%
1 Yearn/a3.3%-5.0%14.5%12.0%
3 Yearn/a-26.3%-39.3%34.8%25.8%
5 Yearn/a-8.6%-30.0%82.1%61.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Scandinavian Tobacco Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SNDV.F ($14.95) is trading below our estimate of fair value ($44.01)

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


Price To Earnings Ratio

PE vs Industry: SNDV.F is good value based on its PE Ratio (12.7x) compared to the XX Tobacco industry average (13x).

PE vs Market: SNDV.F is good value based on its PE Ratio (12.7x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: SNDV.F is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SNDV.F is good value based on its PB Ratio (1x) compared to the US Tobacco industry average (1.5x).


Next Steps

Future Growth

How is Scandinavian Tobacco Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

14.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNDV.F's forecast earnings growth (14.8% per year) is above the savings rate (2.2%).

Earnings vs Market: SNDV.F's earnings (14.8% per year) are forecast to grow slower than the US market (23% per year).

High Growth Earnings: SNDV.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: SNDV.F's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: SNDV.F's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNDV.F's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has Scandinavian Tobacco Group performed over the past 5 years?

0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNDV.F has a large one-off loss of DKK323.4M impacting its June 30 2020 financial results.

Growing Profit Margin: SNDV.F's current net profit margins (9.6%) are lower than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: SNDV.F's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: SNDV.F's earnings growth over the past year (8.3%) exceeds its 5-year average (0.9% per year).

Earnings vs Industry: SNDV.F earnings growth over the past year (8.3%) exceeded the Tobacco industry 2%.


Return on Equity

High ROE: SNDV.F's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Scandinavian Tobacco Group's financial position?


Financial Position Analysis

Short Term Liabilities: SNDV.F's short term assets (DKK4.5B) exceed its short term liabilities (DKK1.5B).

Long Term Liabilities: SNDV.F's short term assets (DKK4.5B) do not cover its long term liabilities (DKK4.8B).


Debt to Equity History and Analysis

Debt Level: SNDV.F's debt to equity ratio (43%) is considered high.

Reducing Debt: SNDV.F's debt to equity ratio has increased from 35.4% to 43% over the past 5 years.

Debt Coverage: SNDV.F's debt is well covered by operating cash flow (42.5%).

Interest Coverage: SNDV.F's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


Next Steps

Dividend

What is Scandinavian Tobacco Group current dividend yield, its reliability and sustainability?

6.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNDV.F's dividend (6.7%) is higher than the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: SNDV.F's dividend (6.7%) is in the top 25% of dividend payers in the US market (5.03%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SNDV.F has been paying a dividend for less than 10 years.

Growing Dividend: SNDV.F's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.9%), SNDV.F's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SNDV.F's dividends in 3 years are forecast to be covered by earnings (61.8% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Niels Frederiksen (56 yo)

5.5yrs

Tenure

kr.13,100,000

Compensation

Mr. Niels Frederiksen has been the Chief Executive Officer and President of Scandinavian Tobacco Group A/S since March 1, 2015 and serves as its Member of Executive Board. Mr. Frederiksen served as Executi ...


CEO Compensation Analysis

Compensation vs Market: Niels's total compensation ($USD2.05M) is below average for companies of similar size in the US market ($USD4.65M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Niels Frederiksen
CEO, President & Member of Executive Board5.5yrskr.13.10m0.076%
DKK 1.1m
Marianne Bock
Executive VP & CFOno datakr.5.70mno data
Torben Sand
Head of Investor Relationsno datano datano data
Mette Valentin
Senior Vice President of Group Legal & Public Affairsno datano datano data
Simon Augustesen
Director of Group Communicationsno datano datano data
Christian Sørensen
Executive Vice President of Sales & Marketing14.67yrskr.6.80mno data
Hanne Berg
Chief Human Resource Officer & Senior VP3.33yrsno data0.0013%
DKK 18.7k
Dorte Morell
Senior Vice President of Finance and Senior Vice President of Finance -House of Prince A/Sno datano datano data
Thomas Lindegaard
Senior Vice President of Scientific & Regulatory Affairsno datano datano data
Lars Wassberg
Senior Vice President of Group Marketingno datano datano data
Jacob Bjerre
Senior Vice Presidentno datano datano data
Villy Rasmussen
Managing Director of DAGROFAno datano datano data

5.5yrs

Average Tenure

56yo

Average Age

Experienced Management: SNDV.F's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nigel Northridge
Independent Chairman of the Board3.33yrskr.1.40m0.0050%
DKK 73.1k
Luc Missorten
Independent Director4.58yrskr.625.00k0.0020%
DKK 29.2k
Henrik Brandt
Independent Vice-Chairman of the Board3.33yrskr.800.00k0.068%
DKK 981.9k
Anders Obel
Independent Director2.42yrskr.400.00k0.020%
DKK 296.6k
Lindy Larsen
Employee Representative Director4.17yrskr.400.00k0.00024%
DKK 3.5k
Claus Gregersen
Independent Director1.42yrskr.362.00kno data
Hanne Malling
Employee Representative Director9.92yrskr.400.00k0.00025%
DKK 3.6k
Dianne Blixt
Independent Director4.58yrskr.550.00k0.0017%
DKK 24.9k
Marléne Forsell
Independent Director1.42yrskr.508.00k0.0033%
DKK 47.5k
Mogens Olsen
Employee Representative Director3.17yrskr.400.00k0.0020%
DKK 28.5k
Anne Andersen
Alternate Director9.42yrsno datano data
Carsten Jahn
Alternate Director5.5yrsno datano data

3.8yrs

Average Tenure

60yo

Average Age

Experienced Board: SNDV.F's board of directors are considered experienced (3.8 years average tenure).


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

Scandinavian Tobacco Group A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Scandinavian Tobacco Group A/S
  • Ticker: SNDV.F
  • Exchange: OTCPK
  • Founded: 1750
  • Industry: Tobacco
  • Sector: Food, Beverage & Tobacco
  • Market Cap: kr.9.213b
  • Listing Market Cap: kr.1.453b
  • Shares outstanding: 99.33m
  • Website: https://www.st-group.com

Number of Employees


Location

  • Scandinavian Tobacco Group A/S
  • Sandtoften 9
  • Gentofte
  • Capital Region of Denmark
  • 2820
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STGCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKFeb 2016
8ZIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2016
0RESLSE (London Stock Exchange)YesOrdinary SharesGBDKKFeb 2016
STGCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKFeb 2016
SNDV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2016
STG NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNFeb 2016
SKNV.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJul 2017

Biography

Scandinavian Tobacco Group A/S manufactures and sells handmade and machine-made cigars, and pipe tobacco worldwide. It operates through three divisions: North America Online & Retail; North America Branded ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:58
End of Day Share Price2020/09/18 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.