OTCPK:KGSD.F

Stock Analysis Report

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Executive Summary

We are people that create places and experiences for people.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

KGSD.F

3.0%

US Real Estate

1.0%

US Market


1 Year Return

n/a

KGSD.F

-27.6%

US Real Estate

4.1%

US Market

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

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


Shareholder returns

KGSD.FIndustryMarket
7 Day0%3.0%1.0%
30 Day-3.5%2.7%5.4%
90 Dayn/a-35.1%-5.7%
1 Yearn/a-27.1%-27.6%6.5%4.1%
3 Yearn/a-24.6%-26.2%28.3%19.8%
5 Yearn/a-33.2%-35.3%52.2%35.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KGSD.F ($6.95) is trading above our estimate of fair value ($3.47)

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


Price To Earnings Ratio

PE vs Industry: KGSD.F is good value based on its PE Ratio (7x) compared to the Real Estate industry average (14.4x).

PE vs Market: KGSD.F is good value based on its PE Ratio (7x) compared to the US market (15x).


Price to Earnings Growth Ratio

PEG Ratio: KGSD.F is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: KGSD.F is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1x).

Future Growth

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

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KGSD.F's forecast earnings growth (10.2% per year) is above the savings rate (2.2%).

Earnings vs Market: KGSD.F's earnings (10.2% per year) are forecast to grow slower than the US market (21.5% per year).

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

Revenue vs Market: KGSD.F's revenue (3.1% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: KGSD.F's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KGSD.F's Return on Equity is forecast to be low in 3 years time (6.2%).

Past Performance

How has Kungsleden performed over the past 5 years?

20.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: KGSD.F's current net profit margins (83.2%) are higher than last year (81.4%).


Past Earnings Growth Analysis

Earnings Trend: KGSD.F has become profitable over the past 5 years, growing earnings by 20.8% per year.

Accelerating Growth: KGSD.F's earnings growth over the past year (5.9%) is below its 5-year average (20.8% per year).

Earnings vs Industry: KGSD.F earnings growth over the past year (5.9%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: KGSD.F's Return on Equity (11.5%) is considered low.

Financial Health

How is Kungsleden's financial position?


Financial Position Analysis

Short Term Liabilities: KGSD.F's short term assets (SEK820.0M) do not cover its short term liabilities (SEK1.9B).

Long Term Liabilities: KGSD.F's short term assets (SEK820.0M) do not cover its long term liabilities (SEK20.9B).


Debt to Equity History and Analysis

Debt Level: KGSD.F's debt to equity ratio (103.5%) is considered high.

Reducing Debt: KGSD.F's debt to equity ratio has reduced from 131% to 103.5% over the past 5 years.

Debt Coverage: KGSD.F's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: KGSD.F's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet

Dividend

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

4.42%

Forecast Dividend Yield


Dividend Yield vs Market

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

Growing Dividend: Insufficient data to determine if KGSD.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KGSD.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KGSD.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

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

4.3yrs

Average management tenure


CEO

Biljana Pehrsson (49yo)

6.67yrs

Tenure

kr9,009,000

Compensation

Ms. Biljana Pehrsson serves as 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 Esta ...


CEO Compensation Analysis

Compensation vs Market: Biljana's total compensation ($USD930.48K) is below average for companies of similar size in the US market ($USD4.92M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Biljana Pehrsson
Chief Executive Officer6.67yrskr9.01m0.048% SEK729.2k
Ylva Westman
Deputy CEO4.67yrskr4.67m0.0040% SEK61.1k
Malin Axland
General Counsel7.33yrsno data0.0010% SEK15.8k
Anna Trane
Head of Corporate Communications0.33yrno datano data
Hanna Brandström
HR Manager1.25yrsno data0.000050% SEK758.3
Frida Lind
Head of Business Development7.33yrsno data0.0016% SEK24.4k
Lena Bredberg
Head of Leasing4.33yrsno datano data
Henrik Gerdin
Head of Transactions4.25yrsno datano data
Jacob Holmquist
Head of Valuationno datano datano data
Victoria Sandkvist
Head of Transactions1.17yrsno datano data

4.3yrs

Average Tenure

47.5yo

Average Age

Experienced Management: KGSD.F's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ingalill Berglund
Independent Director3.08yrskr377.00k0.0033% SEK50.4k
Fredrik Wirdenius
Independent Director0.083yrno datano data
Charlotte Axelsson
Independent Chairman of the Board2.33yrskr612.00k0.0053% SEK79.9k
Charlotta Wikström
Independent Director11.08yrskr342.00k1.2% SEK18.2m
Jonas Olavi
Independent Director0.083yrno datano data
Jonas Bjuggren
Independent Director2.33yrskr342.00kno data
Christer Nilsson
Independent Director1.08yrskr227.00kno data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Board: KGSD.F's board of directors are not considered experienced ( 2.3 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: KGSD.F 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

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


Key Information

  • Name: Kungsleden AB (publ)
  • Ticker: KGSD.F
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: kr14.677b
  • Listing Market Cap: kr1.517b
  • Shares outstanding: 218.40m
  • Website: https://www.kungsleden.se

Number of Employees


Location

  • Kungsleden AB (publ)
  • Warfvinges väg 31
  • Box 70414
  • Stockholm
  • Stockholm County
  • 107 25
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KLEDOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKApr 1999
0GRGLSE (London Stock Exchange)YesShare CapitalGBSEKApr 1999
KGSD.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDApr 1999
KLEDSBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBSEKApr 1999

Biography

We are people that create places and experiences for people. By developing and managing attractive and sustainable places, we offer people better and more inspiring work experience. We are a long-term property owner focused on commercial properties in Sweden’s growth regions. As of 31 December 2019, we owned 209 properties with total value of SEK 38,310m. Kungsleden (KLED) is listed on the Nasdaq Stockholm Large Cap. Read more at www.kungsleden.se. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 05:10
End of Day Share Price2020/05/04 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.