OTCPK:HUFA.F

Stock Analysis Report

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Executive Summary

Hufvudstaden AB (publ) engages in the ownership, development, and management of commercial properties in Stockholm and Gothenburg, Sweden.


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

HUFA.F

8.5%

US Real Estate

2.5%

US Market


1 Year Return

n/a

HUFA.F

-17.4%

US Real Estate

8.4%

US Market

Return vs Industry: Insufficient data to determine how HUFA.F performed against the US Real Estate industry.

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


Shareholder returns

HUFA.FIndustryMarket
7 Day0%8.5%2.5%
30 Dayn/a6.2%5.1%
90 Dayn/a-24.5%2.0%
1 Yearn/a-16.8%-17.4%10.9%8.4%
3 Yearn/a-18.9%-20.7%30.5%21.9%
5 Year-7.9%-7.9%-25.6%-27.9%56.9%39.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

11.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HUFA.F ($12.2) is trading above our estimate of fair value ($4.81)

Significantly Below Fair Value: HUFA.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HUFA.F is good value based on its PE Ratio (11.3x) compared to the Real Estate industry average (15.7x).

PE vs Market: HUFA.F is good value based on its PE Ratio (11.3x) compared to the US market (16x).


Price to Earnings Growth Ratio

PEG Ratio: HUFA.F is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: HUFA.F is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Hufvudstaden forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

45.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HUFA.F's forecast earnings growth (45.9% per year) is above the savings rate (2.2%).

Earnings vs Market: HUFA.F's earnings (45.9% per year) are forecast to grow faster than the US market (21.7% per year).

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

Revenue vs Market: HUFA.F's revenue (4.9% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: HUFA.F's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HUFA.F's Return on Equity is forecast to be low in 3 years time (4.4%).


Next Steps

Past Performance

How has Hufvudstaden performed over the past 5 years?

1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HUFA.F has a large one-off gain of SEK1.5B impacting its March 31 2020 financial results.

Growing Profit Margin: HUFA.F's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: HUFA.F's earnings have grown by 1.1% per year over the past 5 years.

Accelerating Growth: HUFA.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: HUFA.F had negative earnings growth (-47.8%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: HUFA.F's Return on Equity (7.1%) is considered low.


Next Steps

Financial Health

How is Hufvudstaden's financial position?


Financial Position Analysis

Short Term Liabilities: HUFA.F's short term assets (SEK978.7M) do not cover its short term liabilities (SEK2.4B).

Long Term Liabilities: HUFA.F's short term assets (SEK978.7M) do not cover its long term liabilities (SEK16.3B).


Debt to Equity History and Analysis

Debt Level: HUFA.F's debt to equity ratio (27.3%) is considered satisfactory.

Reducing Debt: HUFA.F's debt to equity ratio has reduced from 34.7% to 27.3% over the past 5 years.

Debt Coverage: HUFA.F's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: HUFA.F's interest payments on its debt are well covered by EBIT (11.1x coverage).


Balance Sheet


Next Steps

Dividend

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

3.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HUFA.F's dividend (3.31%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: HUFA.F's dividend (3.31%) is low compared to the top 25% of dividend payers in the US market (4.45%).


Stability and Growth of Payments

Stable Dividend: HUFA.F's dividends per share have been stable in the past 10 years.

Growing Dividend: HUFA.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), HUFA.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HUFA.F's dividends in 3 years are forecast to be covered by earnings (76.2% payout ratio).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Bo Wikare (56yo)

0.58

Tenure

Mr. Bo Wikare has been Head of Business Development of Hufvudstaden AB (publ) and serves as its Acting President since October 01, 2019. He is Vice President of Hufvudstaden AB (publ) since October 1, 2014 ...


Leadership Team

NamePositionTenureCompensationOwnership
Ivo Stopner
President21.33yrsno data0.026% SEK620.5k
Bo Wikare
Acting President0.58yrno data0.000030% SEK726.3
Åsa Roslund
Chief Financial Officer4yrsno datano data
Christine Lindgren
Head of Human Resources2.75yrsno datano data
Anders Nygren
Head of Stockholm Business Area3.08yrsno datano data
Fredrik Ottosson
Head of the Gothenburg Business Area3.75yrsno datano data
John Lethenström
Head of Property Development2.75yrsno datano data
Henrik Andréasson
Head of NK Business Area & CEO of AB Nordiska Kompaniet1.92yrsno datano data
Mattias Karlsson
Secretary12.33yrsno datano data

2.9yrs

Average Tenure

50yo

Average Age

Experienced Management: HUFA.F's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ivo Stopner
President21.33yrsno data0.026% SEK620.5k
Fredrik Lundberg
Independent Chairman of the Board22.33yrskr485.00k0.90% SEK21.7m
Anna-Greta Sjöberg
Independent Director14.33yrskr242.50k0.0014% SEK35.1k
Claes Boustedt
Independent Director22.33yrskr242.50k0.00048% SEK11.6k
Sten Peterson
Independent Director14.33yrskr242.50k0.00097% SEK23.5k
Peter Egardt
Independent Director17.33yrskr242.50k0.0087% SEK211.4k
Fredrik Persson
Independent Director4.17yrskr242.50k0.0012% SEK29.3k
Louise Lindh
Independent Director13.17yrskr242.50k0.014% SEK342.3k
Arne Lundin
Director of Parkaden ABno datakr30.00kno data
Liv Forhaug
Independent Director4.17yrskr242.50k0.00087% SEK21.1k

14.3yrs

Average Tenure

57yo

Average Age

Experienced Board: HUFA.F's board of directors are seasoned and experienced ( 14.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Hufvudstaden AB (publ)
  • Ticker: HUFA.F
  • Exchange: OTCPK
  • Founded: 1915
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr23.363b
  • Listing Market Cap: kr2.421b
  • Shares outstanding: 197.99m
  • Website: https://www.hufvudstaden.se

Number of Employees


Location

  • Hufvudstaden AB (publ)
  • Regeringsgatan 38
  • NK 100
  • Stockholm
  • Stockholm County
  • 111 77
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HUFV AOM (OMX Nordic Exchange Stockholm)YesSeries A SharesSESEKNov 1980
0GW3LSE (London Stock Exchange)YesSeries A SharesGBSEKNov 1980
HUFA.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDNov 1980
HUFVASBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBSEKNov 1980
HFVADB (Deutsche Boerse AG)YesSeries A SharesDEEURNov 1980

Biography

Hufvudstaden AB (publ) engages in the ownership, development, and management of commercial properties in Stockholm and Gothenburg, Sweden. The company operates in two segments, Property Management and Parking Operations. It owns and manages offices, retail stores, and restaurant properties, as well as multi-storey car parks. The company operates its properties primarily under the NK, Bibliotekstan, Femman, Norrmalmstorg 1, Birger Jarlspassagen, Fredstan, and Nordstan brands. As of December 31, 2019, it owned approximately 29 properties with a rentable floor space of 384,200 square meters, including 278,800 square meters in Stockholm and 105,400 square meters in Gothenburg. The company was founded in 1915 and is based in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 03:23
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.