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Kungsleden

OTCPK:KGSD.F
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KGSD.F
OTCPK
SEK16B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Kungsleden is a long term property-owner, and our vision is to create attractive and sustainable places that enrich people’s working days. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Kungsleden is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
KGSD.F Share Price and Events
7 Day Returns
0%
OTCPK:KGSD.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-
OTCPK:KGSD.F
-15.7%
US Real Estate
3%
US Market
KGSD.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kungsleden (KGSD.F) 0% 0% - - 10.6% -0.9%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on KGSD.F.
  • No trading data on KGSD.F.
Price Volatility
KGSD.F
Industry
5yr Volatility vs Market

Value

 Is Kungsleden 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 Kungsleden 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 Kungsleden.

OTCPK:KGSD.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 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.9%
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:KGSD.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))
= 1.11 (1 + (1- 22%) (109.92%))
1.712
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.712 * 5.96%)
12.93%

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

The calculations below outline how an intrinsic value for Kungsleden 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:KGSD.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 12.93%)
2019 272.00 Analyst x1 240.85
2020 225.50 Analyst x2 176.81
2021 669.00 Analyst x2 464.48
2022 513.00 Analyst x1 315.38
2023 422.35 Est @ -17.67% 229.92
2024 373.57 Est @ -11.55% 180.07
2025 346.42 Est @ -7.27% 147.87
2026 331.64 Est @ -4.27% 125.35
2027 324.45 Est @ -2.17% 108.59
2028 322.18 Est @ -0.7% 95.48
Present value of next 10 years cash flows SEK2,084.80
OTCPK:KGSD.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK322.18 × (1 + 2.73%) ÷ (12.93% – 2.73%)
SEK3,244.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,244.05 ÷ (1 + 12.93%)10
SEK961.37
OTCPK:KGSD.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK2,084.80 + SEK961.37
SEK3,046.17
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,046.17 / 218.40
SEK13.95
OTCPK:KGSD.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KGSD.F represents 0.10377x of OM:KLED
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10377x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 13.95 x 0.10377
$1.45
Value per share (USD) From above. $1.45
Current discount Discount to share price of $7.69
= -1 x ($7.69 - $1.45) / $1.45
-431.3%

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

  • The current share price of Kungsleden 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 Kungsleden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kungsleden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KGSD.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK8.90
OM:KLED Share Price ** OM (2019-03-22) in SEK SEK74.1
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Kungsleden.

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

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

= 74.1 ÷ 8.90

8.32x

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

  • Kungsleden is good value based on earnings compared to the US Real Estate industry average.
  • Kungsleden is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kungsleden's expected growth come at a high price?
Raw Data
OTCPK:KGSD.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-4.5%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.32x ÷ -4.5%

-1.84x

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

  • Kungsleden 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 Kungsleden's assets?
Raw Data
OTCPK:KGSD.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK74.60
OM:KLED Share Price * OM (2019-03-22) in SEK SEK74.1
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:KGSD.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 74.1 ÷ 74.60

0.99x

* Primary Listing of Kungsleden.

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

  • Kungsleden is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Kungsleden'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. Kungsleden 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 Kungsleden expected to perform in the next 1 to 3 years based on estimates from 6 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
-4.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kungsleden expected to grow at an attractive rate?
  • Kungsleden'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
  • Kungsleden's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Kungsleden's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KGSD.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KGSD.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -4.5%
OTCPK:KGSD.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.5%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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:KGSD.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 6 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KGSD.F Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,706 1,121 1
2022-12-31 2,685 1,281 1,043 2
2021-12-31 2,619 1,261 1,152 5
2020-12-31 2,531 1,254 1,091 6
2019-12-31 2,387 1,233 1,090 5
OTCPK:KGSD.F Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 2,386 1,128 1,944
2018-12-31 2,385 1,127 2,055
2018-09-30 2,345 1,038 2,155
2018-06-30 2,325 782 2,139
2018-03-31 2,320 845 2,051
2017-12-31 2,323 855 1,906
2017-09-30 2,357 763 2,113
2017-06-30 2,388 941 2,032
2017-03-31 2,406 941 1,976
2016-12-31 2,429 1,011 1,869
2016-09-30 2,518 -454 459
2016-06-30 2,482 -216 381

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kungsleden's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kungsleden's revenue is expected to grow by 3.5% 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:KGSD.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 6 Analyst Estimates (S&P Global) See Below

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

OTCPK:KGSD.F Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 4.51 4.51 4.51 1.00
2021-12-31 5.24 6.58 4.51 3.00
2020-12-31 4.67 5.20 4.27 4.00
2019-12-31 5.59 5.73 5.45 2.00
OTCPK:KGSD.F Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 8.90
2018-12-31 9.41
2018-09-30 9.87
2018-06-30 9.79
2018-03-31 9.39
2017-12-31 9.03
2017-09-30 10.40
2017-06-30 10.39
2017-03-31 10.49
2016-12-31 10.01
2016-09-30 2.47
2016-06-30 2.07

*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.
  • Kungsleden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kungsleden'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.
Kungsleden 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 Kungsleden 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 Kungsleden'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.
  • Kungsleden has delivered over 20% year on year earnings growth in the past 5 years.
  • Kungsleden's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kungsleden's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Kungsleden'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 Kungsleden Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KGSD.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 2,386.00 1,944.00 46.00
2018-12-31 2,385.00 2,055.00 46.00
2018-09-30 2,345.00 2,155.00 64.00
2018-06-30 2,325.00 2,139.00 69.00
2018-03-31 2,320.00 2,051.00 72.00
2017-12-31 2,323.00 1,906.00 69.00
2017-09-30 2,357.00 2,113.00 70.00
2017-06-30 2,388.00 2,032.00 74.00
2017-03-31 2,406.00 1,976.00 71.00
2016-12-31 2,429.00 1,869.00 72.00
2016-09-30 2,518.00 459.00 110.00
2016-06-30 2,482.00 381.00 107.00
2016-03-31 2,421.00 594.00 107.00
2015-12-31 2,338.00 505.00 106.00
2015-09-30 2,172.00 1,714.00 109.00
2015-06-30 2,154.00 1,641.00 106.00
2015-03-31 2,157.00 -410.00 103.00
2014-12-31 2,193.00 -659.00 101.00
2014-09-30 2,128.50 -994.40 101.40
2014-06-30 1,996.60 -1,052.60 96.00
2014-03-31 1,748.60 617.20 84.60
2013-12-31 1,669.00 754.00 115.00
2013-09-30 1,703.30 853.90 139.00
2013-06-30 1,783.60 662.80 159.30
2013-03-31 2,041.70 -287.20 191.60
2012-12-31 2,110.00 -442.50 187.30
2012-09-30 3,303.60 -403.00 191.40
2012-06-30 3,560.80 -575.90 210.00

*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.
  • Kungsleden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kungsleden used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Kungsleden's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kungsleden'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.
Kungsleden has a total score of 2/6, 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 Kungsleden'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 Kungsleden's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kungsleden's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kungsleden's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kungsleden'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 Kungsleden Company Filings, last reported 1 month ago.

OTCPK:KGSD.F Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 16,293.00 17,789.00 400.00
2018-12-31 15,767.00 16,916.00 471.00
2018-09-30 15,375.00 16,904.00 554.00
2018-06-30 14,877.00 17,142.00 643.00
2018-03-31 14,829.00 17,286.00 1,498.00
2017-12-31 14,192.00 15,324.00 313.00
2017-09-30 13,424.00 15,242.00 241.00
2017-06-30 12,926.00 16,190.00 452.00
2017-03-31 12,925.00 17,089.00 1,975.00
2016-12-31 11,123.00 17,164.00 57.00
2016-09-30 10,139.00 17,483.00 41.00
2016-06-30 9,739.00 18,500.00 1,007.00
2016-03-31 9,719.00 17,923.00 822.00
2015-12-31 9,333.00 17,851.00 441.00
2015-09-30 10,043.00 14,731.00 1,035.00
2015-06-30 9,720.00 13,719.00 611.00
2015-03-31 9,398.00 12,290.00 298.00
2014-12-31 9,102.00 12,446.00 1,437.00
2014-09-30 7,161.00 12,907.80 895.90
2014-06-30 6,887.80 12,977.50 432.70
2014-03-31 8,520.80 13,389.70 400.10
2013-12-31 8,453.00 13,586.00 323.00
2013-09-30 8,273.00 7,255.30 298.50
2013-06-30 8,061.10 7,518.30 427.30
2013-03-31 7,929.00 7,383.60 331.40
2012-12-31 7,726.40 10,824.70 721.20
2012-09-30 6,774.10 9,764.10 329.70
2012-06-30 6,799.80 9,866.60 297.90
  • Kungsleden's level of debt (109.2%) 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 (157.4% vs 109.2% today).
  • Debt is not well covered by operating cash flow (6.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess Kungsleden'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. Kungsleden 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 Kungsleden'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
3.24%
Current annual income from Kungsleden dividends. Estimated to be 3.64% next year.
If you bought $2,000 of Kungsleden shares you are expected to receive $65 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?
  • Kungsleden's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Kungsleden's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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:KGSD.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 6 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 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:KGSD.F Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 2.80 1.00
2021-12-31 2.85 4.00
2020-12-31 2.71 5.00
2019-12-31 2.54 5.00
OTCPK:KGSD.F Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-19 2.400 3.282
2018-03-16 2.200 3.401
2017-03-16 2.000 3.640
2016-04-28 2.000 3.492
2015-03-17 1.500 2.538
2014-04-30 1.250 2.439
2013-04-19 1.000 2.179
2012-04-19 2.600 6.928
2011-04-14 2.000 3.918
2010-04-29 3.750 7.013

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

  • Kungsleden has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Kungsleden has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Kungsleden's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Kungsleden'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 Kungsleden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kungsleden 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 Kungsleden'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
Biljana Pehrsson
COMPENSATION SEK10,225,000
AGE 48
TENURE AS CEO 5.7 years
CEO Bio

Ms. Biljana Pehrsson has been the Chief Executive Officer at Kungsleden Aktiebolag since September 1, 2013. Ms. Pehrsson served as the Head of East Capital Real Estate. She served as the Head of Real Estate at East Capital at East Capital Explorer AB. She served as the Head of Real Estate, Property Manager, Vice President and Deputy Chief Executive Officer at East Capital Private Equity AB. She serves as a Director of Vasallen. She served as a Director of Kungsleden AB from April 13, 2011 to September 1, 2013. She served as a Director of Nordic Modular Group AB since 2013. She has 20 years of experience in the property markets of Sweden, the Nordic region and Europe. Ms. Pehrsson holds a Masters degree from KTH, the Royal Institute of Technology, Stockholm.

CEO Compensation
  • Biljana's compensation has been consistent with company performance over the past year.
  • Biljana'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 Kungsleden management team in years:

3.7
Average Tenure
48
Average Age
  • The tenure for the Kungsleden management team is about average.
Management Team

Biljana Pehrsson

TITLE
Chief Executive Officer
COMPENSATION
SEK10M
AGE
48
TENURE
5.7 yrs

Ylva Westman

TITLE
Deputy CEO & Chief Investment Officer
COMPENSATION
SEK5M
AGE
45
TENURE
3.7 yrs

Magnus Jacobson

TITLE
CFO & Deputy CEO
AGE
60
TENURE
0.9 yrs

Malin Axland

TITLE
General Counsel
AGE
44
TENURE
6.3 yrs

Marie Mannholt

TITLE
Head of Communications & Marketing
AGE
52
TENURE
5.3 yrs

Hanna Brandström

TITLE
HR Manager
AGE
38
TENURE
0.3 yrs

Frida Lind

TITLE
Head of Business Development
AGE
51
TENURE
6.3 yrs

Lena Bredberg

TITLE
Head of Leasing
TENURE
3.3 yrs

Henrik Gerdin

TITLE
Head of Transactions
TENURE
3.3 yrs

Jacob Holmquist

TITLE
Head of Valuation
Board of Directors Tenure

Average tenure and age of the Kungsleden board of directors in years:

1.3
Average Tenure
60
Average Age
  • The average tenure for the Kungsleden board of directors is less than 3 years, this suggests a new board.
Board of Directors

Charlotte Axelsson

TITLE
Chairman of the Board
COMPENSATION
SEK531K
AGE
70
TENURE
1.3 yrs

Charlotta Wikström

TITLE
Director
COMPENSATION
SEK342K
AGE
60
TENURE
10.1 yrs

Inga Berglund

TITLE
Director
COMPENSATION
SEK394K
AGE
54
TENURE
2.1 yrs

Jonas Bjuggren

TITLE
Director
COMPENSATION
SEK227K
AGE
44
TENURE
1.3 yrs

Ulf Nilsson

TITLE
Director
COMPENSATION
SEK263K
AGE
60
TENURE
1.3 yrs

Christer Nilsson

TITLE
Director
AGE
63
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Sep 18 Buy Biljana Pehrsson Individual 25. Sep 18 25. Sep 18 2,000 $7.59 $15,178
X
Management checks
We assess Kungsleden'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. Kungsleden 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

Kungsleden is a long term property-owner, and our vision is to create attractive and sustainable places that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.

Details
Name: Kungsleden AB (publ)
KGSD.F
Exchange: OTCPK
Founded: 1997
SEK1,678,591,287
218,403,302
Website: http://www.kungsleden.se
Address: Kungsleden AB (publ)
Warfvinges väg 31,
Box 70414,
Stockholm,
Stockholm County, 107 25,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM KLED Share Capital OMX Nordic Exchange Stockholm SE SEK 14. Apr 1999
OTCPK KGSD.F Share Capital Pink Sheets LLC US USD 14. Apr 1999
LSE 0GRG Share Capital London Stock Exchange GB SEK 14. Apr 1999
BATS-CHIXE KLEDS Share Capital BATS 'Chi-X Europe' GB SEK 14. Apr 1999
Number of employees
Current staff
Staff numbers
110
Kungsleden employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:15
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/04/26
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.