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Hemfosa Fastigheter

OTCPK:HMFF.F
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HMFF.F
OTCPK
SEK14B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Hemfosa Fastigheter AB (publ) owns, acquires, develops, manages, and sells properties in Sweden, Norway, and Finland. The last earnings update was 17 days ago. More info.


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HMFF.F Share Price and Events
7 Day Returns
0%
OTCPK:HMFF.F
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-
OTCPK:HMFF.F
-16.5%
US Real Estate
2.9%
US Market
HMFF.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hemfosa Fastigheter (HMFF.F) 0% 0% - - - -
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on HMFF.F.
  • No trading data on HMFF.F.
Price Volatility
HMFF.F
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hemfosa Fastigheter to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hemfosa Fastigheter.

OTCPK:HMFF.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:HMFF.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 22%) (155.42%))
1.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.972 * 5.96%)
14.48%

Discounted Cash Flow Calculation for OTCPK:HMFF.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hemfosa Fastigheter is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:HMFF.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 14.48%)
2019 419.50 Analyst x2 366.43
2020 685.00 Analyst x2 522.65
2021 487.00 Analyst x2 324.57
2022 792.00 Analyst x1 461.07
2023 884.04 Est @ 11.62% 449.54
2024 963.20 Est @ 8.95% 427.83
2025 1,031.46 Est @ 7.09% 400.19
2026 1,091.08 Est @ 5.78% 369.77
2027 1,144.16 Est @ 4.86% 338.71
2028 1,192.49 Est @ 4.22% 308.36
Present value of next 10 years cash flows SEK3,969.12
OTCPK:HMFF.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK1,192.49 × (1 + 2.73%) ÷ (14.48% – 2.73%)
SEK10,423.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK10,423.42 ÷ (1 + 14.48%)10
SEK2,695.30
OTCPK:HMFF.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK3,969.12 + SEK2,695.30
SEK6,664.42
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK6,664.42 / 167.73
SEK39.73
OTCPK:HMFF.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:HMFF.F represents 0.10099x of OM:HEMF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10099x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 39.73 x 0.10099
$4.01
Value per share (USD) From above. $4.01
Current discount Discount to share price of $8.65
= -1 x ($8.65 - $4.01) / $4.01
-115.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hemfosa Fastigheter is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hemfosa Fastigheter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hemfosa Fastigheter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:HMFF.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK13.67
OM:HEMF Share Price ** OM (2019-04-15) in SEK SEK85.65
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hemfosa Fastigheter.

OTCPK:HMFF.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:HEMF Share Price ÷ EPS (both in SEK)

= 85.65 ÷ 13.67

6.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hemfosa Fastigheter is good value based on earnings compared to the US Real Estate industry average.
  • Hemfosa Fastigheter is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hemfosa Fastigheter's expected growth come at a high price?
Raw Data
OTCPK:HMFF.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-13.8%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:HMFF.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.26x ÷ -13.8%

-0.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hemfosa Fastigheter earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hemfosa Fastigheter's assets?
Raw Data
OTCPK:HMFF.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK71.43
OM:HEMF Share Price * OM (2019-04-15) in SEK SEK85.65
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:HMFF.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:HEMF Share Price ÷ Book Value per Share (both in SEK)

= 85.65 ÷ 71.43

1.2x

* Primary Listing of Hemfosa Fastigheter.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hemfosa Fastigheter is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Hemfosa Fastigheter's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Hemfosa Fastigheter has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hemfosa Fastigheter expected to grow at an attractive rate?
  • Hemfosa Fastigheter's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hemfosa Fastigheter's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hemfosa Fastigheter's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:HMFF.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:HMFF.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -13.8%
OTCPK:HMFF.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.4%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:HMFF.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:HMFF.F Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,933 1,376 1,010 1
2021-12-31 2,908 1,130 1,230 2
2020-12-31 2,848 1,347 1,303 2
2019-12-31 2,783 1,326 1,446 2
OTCPK:HMFF.F Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 2,664 1,987 1,916
2018-12-31 2,549 2,116 1,887
2018-09-30 3,854 1,817 2,906
2018-06-30 3,725 1,449 2,753
2018-03-31 2,112 1,905 1,291
2017-12-31 2,290 1,542 1,817
2017-09-30 2,968 1,389 2,389
2017-06-30 3,077 1,486 3,289
2017-03-31 3,289 955 3,769
2016-12-31 3,184 1,108 3,446
2016-09-30 2,665 1,208 3,199
2016-06-30 2,685 1,101 2,397

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hemfosa Fastigheter's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hemfosa Fastigheter's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:HMFF.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hemfosa Fastigheter Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HMFF.F Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6.02 6.02 6.02 1.00
2021-12-31 7.31 8.42 6.25 3.00
2020-12-31 7.48 9.30 6.24 3.00
2019-12-31 8.29 9.86 7.38 3.00
OTCPK:HMFF.F Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 13.67
2018-12-31 11.58
2018-09-30 18.11
2018-06-30 17.43
2018-03-31 6.98
2017-12-31 11.52
2017-09-30 15.14
2017-06-30 20.84
2017-03-31 24.36
2016-12-31 23.26
2016-09-30 22.60
2016-06-30 17.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hemfosa Fastigheter is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hemfosa Fastigheter's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hemfosa Fastigheter has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hemfosa Fastigheter performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hemfosa Fastigheter's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hemfosa Fastigheter's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Hemfosa Fastigheter's 1-year earnings growth exceeds its 5-year average (48.4% vs 16.1%)
  • Hemfosa Fastigheter's earnings growth has exceeded the US Real Estate industry average in the past year (48.4% vs -15.8%).
Earnings and Revenue History
Hemfosa Fastigheter's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hemfosa Fastigheter Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:HMFF.F Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,664.00 1,916.00 143.00
2018-12-31 2,549.00 1,887.00 141.00
2018-09-30 3,854.00 2,906.00 152.00
2018-06-30 3,725.00 2,753.00 144.00
2018-03-31 2,112.00 1,291.00 129.00
2017-12-31 2,290.00 1,817.00 128.00
2017-09-30 2,968.00 2,389.00 126.00
2017-06-30 3,077.00 3,289.00 124.00
2017-03-31 3,289.00 3,769.00 132.00
2016-12-31 3,184.00 3,446.00 128.00
2016-09-30 2,665.00 3,198.50 118.00
2016-06-30 2,685.00 2,397.00 116.00
2016-03-31 2,722.00 2,347.00 111.00
2015-12-31 2,698.00 2,216.00 112.00
2015-09-30 2,397.00 2,212.00 107.00
2015-06-30 2,179.00 1,886.50 101.00
2015-03-31 2,060.00 1,596.50 84.00
2014-12-31 1,851.00 1,113.50 74.00
2014-09-30 1,761.00 619.00 59.00
2014-06-30 1,724.00 457.00 71.00
2014-03-31 1,693.00 276.00 80.00
2013-12-31 1,623.00 184.00 79.00
2012-12-31 1,635.00 923.00 83.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hemfosa Fastigheter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hemfosa Fastigheter used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Hemfosa Fastigheter's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hemfosa Fastigheter's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hemfosa Fastigheter has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hemfosa Fastigheter's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hemfosa Fastigheter's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hemfosa Fastigheter's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hemfosa Fastigheter's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hemfosa Fastigheter's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hemfosa Fastigheter Company Filings, last reported 1 month ago.

OTCPK:HMFF.F Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 13,927.00 22,328.00 828.00
2018-12-31 13,277.00 21,973.00 974.00
2018-09-30 13,043.00 22,392.00 1,511.00
2018-06-30 19,936.00 27,215.00 2,269.00
2018-03-31 18,718.00 26,062.00 503.00
2017-12-31 17,808.00 24,076.00 541.00
2017-09-30 17,303.00 23,017.00 463.00
2017-06-30 16,518.00 22,671.00 1,151.00
2017-03-31 16,496.00 20,630.00 790.00
2016-12-31 15,570.00 20,692.00 1,221.00
2016-09-30 14,731.00 18,898.00 744.00
2016-06-30 13,236.00 18,495.00 745.00
2016-03-31 11,429.00 19,885.00 517.00
2015-12-31 10,749.00 19,001.00 732.00
2015-09-30 9,850.00 17,649.00 324.00
2015-06-30 9,175.00 17,765.00 455.00
2015-03-31 9,027.00 17,880.00 551.00
2014-12-31 8,950.00 15,865.00 594.00
2014-09-30 6,720.00 10,957.00 498.00
2014-06-30 6,494.00 11,304.00 299.00
2014-03-31 5,765.00 10,198.00 195.00
2013-12-31 2,369.00 13,778.00 284.00
2012-12-31 2,176.00 13,474.00 242.00
  • Hemfosa Fastigheter's level of debt (160.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (176.9% vs 160.3% today).
  • Debt is not well covered by operating cash flow (8.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Hemfosa Fastigheter's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hemfosa Fastigheter has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.8%
Current annual income from Hemfosa Fastigheter dividends. Estimated to be 3.49% next year.
If you bought $2,000 of Hemfosa Fastigheter shares you are expected to receive $56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hemfosa Fastigheter's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Hemfosa Fastigheter's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:HMFF.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:HMFF.F Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.20 1.00
2021-12-31 3.13 3.00
2020-12-31 3.00 3.00
2019-12-31 2.77 3.00
OTCPK:HMFF.F Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-12 2.400 2.951
2019-02-15 2.400 2.989
2018-04-18 4.800 4.802
2017-04-25 4.400 4.431
2016-03-24 4.200 4.911
2016-02-19 4.200 4.574
2015-05-07 3.000 3.376
2015-04-08 3.000 3.050

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hemfosa Fastigheter has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Hemfosa Fastigheter has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Hemfosa Fastigheter's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Hemfosa Fastigheter's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hemfosa Fastigheter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hemfosa Fastigheter has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Caroline Arehult
COMPENSATION SEK5,934,205
AGE 45
TENURE AS CEO 0.7 years
CEO Bio

Ms. Caroline Arehult has been Chief Executive Officer of Hemfosa Fastigheter AB since September 14, 2018 and served as Managing Director of Skanska Fastigheter Stockholm. Prior to that, she held senior positions at Skanska, including Head of Leasing and Marketing, Head of Property Management and as Property Developer. She served as President of Skanska Property Stockholm at Skanska AB since February 2010. Ms. Arehult has worked with commercial development for 11 years at Skanska, including as Property Manager and Leasing and Marketing Manager for Skanska Property Stockholm. Ms. Arehult holds a degree in engineering in construction and property economics from KTH in Stockholm, Sweden, and the Institute of Technology in Hamburg, Germany.

CEO Compensation
  • Insufficient data for Caroline to compare compensation growth.
  • Caroline's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hemfosa Fastigheter management team in years:

1.3
Average Tenure
43
Average Age
  • The average tenure for the Hemfosa Fastigheter management team is less than 2 years, this suggests a new team.
Management Team

Caroline Arehult

TITLE
Chief Executive Officer
COMPENSATION
SEK6M
AGE
45
TENURE
0.7 yrs

Peter Anderson

TITLE
Chief Financial Officer
AGE
48
TENURE
0.5 yrs

Ylva Palmryd

TITLE
Head of Legal
AGE
42
TENURE
3.3 yrs

Malin Hällström

TITLE
Executive Officer of Marketing & Communication

Annika Ektröm

TITLE
Head of Property Management & Property Manager
AGE
53

Ann-Sofie Lindroth

TITLE
Head of Financial Control
AGE
42

Linda Eriksson

TITLE
Head of Finance
AGE
43
TENURE
3.9 yrs

Simon Ottersland

TITLE
Chief Operating Officer of Norway
AGE
42
TENURE
3.7 yrs

Bengt Claesson

TITLE
Head of Business Development
AGE
47
TENURE
1.3 yrs

Anna Alsborger

TITLE
Head of Transactions
AGE
41
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Hemfosa Fastigheter board of directors in years:

6.3
Average Tenure
58
Average Age
  • The tenure for the Hemfosa Fastigheter board of directors is about average.
Board of Directors

Bengt Kjell

TITLE
Chairman of the Board
COMPENSATION
SEK475K
AGE
64
TENURE
6.3 yrs

Anneli Lindblom

TITLE
Director
COMPENSATION
SEK270K
AGE
51
TENURE
6.3 yrs

Caroline Sundewall

TITLE
Director
COMPENSATION
SEK245K
AGE
60
TENURE
6.3 yrs

Per-Ingemar Persson

TITLE
Director
COMPENSATION
SEK210K
AGE
62
TENURE
3.1 yrs

Gunilla Högbom

TITLE
Director
COMPENSATION
SEK245K
AGE
60
TENURE
2.1 yrs

Anneli Jansson

TITLE
Director
AGE
44

Carl Mörk

TITLE
Director
AGE
49

Anders Kupsu

TITLE
Director
AGE
56
Who owns this company?
Recent Insider Trading
  • Information is not available.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Mar 19 Sell Annika Ektröm Individual 06. Mar 19 06. Mar 19 -1,500 $8.46 $-12,696
09. Mar 19 Buy Annika Ektröm Individual 06. Mar 19 06. Mar 19 1,500 $8.41 $12,615
13. Jan 19 Sell Annika Ektröm Individual 10. Jan 19 10. Jan 19 -2,000 $8.12 $-16,230
10. Jan 19 Buy Annika Ektröm Individual 09. Jan 19 09. Jan 19 1,560 $8.00 $12,479
06. Dec 18 Sell Bengt Kjell Individual 04. Dec 18 05. Dec 18 -50,000 $8.10 $-404,258
05. Dec 18 Sell Caroline Sundewall Individual 04. Dec 18 04. Dec 18 -3,000 $8.10 $-24,301
20. Nov 18 Buy Annika Ektröm Individual 19. Nov 18 19. Nov 18 440 $12.57 $5,533
18. Nov 18 Sell Annika Ektröm Individual 16. Nov 18 16. Nov 18 -429 $12.77 $-5,477
16. Nov 18 Sell Annika Ektröm Individual 15. Nov 18 15. Nov 18 -15 $12.67 $-190
16. Nov 18 Buy Annika Ektröm Individual 15. Nov 18 15. Nov 18 444 $12.56 $5,575
15. Nov 18 Sell Annika Ektröm Individual 13. Nov 18 13. Nov 18 -430 $12.79 $-5,498
15. Nov 18 Buy Annika Ektröm Individual 13. Nov 18 13. Nov 18 430 $12.68 $5,450
23. Aug 18 Buy Per-Ingemar Persson Individual 22. Aug 18 22. Aug 18 2,000 $13.48 $26,962
X
Management checks
We assess Hemfosa Fastigheter's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hemfosa Fastigheter has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Hemfosa Fastigheter AB (publ) owns, acquires, develops, manages, and sells properties in Sweden, Norway, and Finland. The company’s property portfolio comprises community service properties, such as schools, preschools, healthcare and elderly care facilities, judicial institutions, or premises that are part of the legal system, as well as public authorities; and office premises in municipalities. Its properties also include logistics and storage premises at transportation hubs. The company was founded in 2009 and is based in Nacka, Sweden.

Details
Name: Hemfosa Fastigheter AB (publ)
HMFF.F
Exchange: OTCPK
Founded: 2009
SEK1,492,664,390
167,728,249
Website: http://www.hemfosa.se
Address: Hemfosa Fastigheter AB (publ)
Hästholmsvägen 28,
Box 2020,
Nacka,
Stockholm County, 131 02,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM HEMF Common Shares OMX Nordic Exchange Stockholm SE SEK 21. Mar 2014
OTCPK HMFF.F Common Shares Pink Sheets LLC US USD 21. Mar 2014
DB 14HA Common Shares Deutsche Boerse AG DE EUR 21. Mar 2014
LSE 0R7Q Common Shares London Stock Exchange GB SEK 21. Mar 2014
OM HEMF PREF NPV PRF OMX Nordic Exchange Stockholm SE SEK 12. Dec 2014
LSE 0R7N NPV PRF London Stock Exchange GB SEK 12. Dec 2014
OM HEMF NPV (POST SPLIT) OMX Nordic Exchange Stockholm SE SEK 24. May 2019
Number of employees
Current staff
Staff numbers
71
Hemfosa Fastigheter employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:51
End of day share price update: 2019/04/15 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.