OTCPK:MAAS.F

Stock Analysis Report

Executive Summary

Matas A/S, together with its subsidiaries, operates a chain of retail stores that offers beauty, personal care, and health products in Denmark.

Snowflake

Fundamentals

Good value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:MAAS.F

5.5%

US Specialty Retail

2.9%

US Market


1 Year Return

n/a

OTCPK:MAAS.F

-5.6%

US Specialty Retail

0.2%

US Market

No trading data on MAAS.F.

No trading data on MAAS.F.


Share holder returns

MAAS.FIndustryMarket
7 Day0%5.5%2.9%
30 Day0%-1.3%-2.3%
90 Dayn/a3.4%3.1%
1 Yearn/a-4.0%-5.6%2.4%0.2%
3 Yearn/a24.3%18.0%41.7%32.4%
5 Yearn/a47.0%33.8%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

24%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Matas's share price is below the future cash flow value, and at a moderate discount (> 20%).

Matas's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Matas is good value based on earnings compared to the US Specialty Retail industry average.

Matas is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Matas earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Matas is good value based on assets compared to the US Specialty Retail industry average.


Next Steps

Future Growth

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

-5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Matas's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).

Matas's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Matas's revenue growth is positive but not above the United States of America market average.

Matas's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Matas's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Matas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Matas performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Matas's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Matas's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Matas's 1-year earnings growth is negative, it can't be compared to the US Specialty Retail industry average.


Return on Equity

Matas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Matas used its assets less efficiently than the US Specialty Retail industry average last year based on Return on Assets.


Return on Capital Employed

Matas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Matas's financial position?


Financial Position Analysis

Matas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Matas's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Matas's level of debt (59.8%) 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 (79.3% vs 59.8% today).

Debt is well covered by operating cash flow (26.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 18.6x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

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

7.26%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Matas's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).

Matas's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).

Whilst dividend payments have been stable, Matas has been paying a dividend for less than 10 years.

Dividend payments have increased, but Matas only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Gregers Wedell-Wedellsborg (46yo)

1.5yrs

Tenure

ø7,300,000

Compensation

Mr. Gregers Christian Wedell-Wedellsborg has been the Chief Executive Officer of MATAS A/S since November 1, 2017. Mr. Wedell-Wedellsborg serves as President and Chief Executive Officer of Coop Danmark A/S ...


CEO Compensation Analysis

Gregers's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Gregers to compare compensation growth.


Management Age and Tenure

1.8yrs

Average Tenure

54.5yo

Average Age

The average tenure for the Matas management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.4yrs

Average Tenure

52yo

Average Age

The tenure for the Matas board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Klaus Fridorf

    Head of Communication

    • Tenure: 0.0yrs
  • Anders Skole-Sørensen (56yo)

    Chief Financial Officer

    • Tenure: 11.8yrs
    • Compensation: ø4.70m
  • Anne Hamann (53yo)

    Director of Marketing

    • Tenure: 0.0yrs
  • Henrik Michaelsen (63yo)

    Director of Human Resources

    • Tenure: 0.0yrs
  • Thomas Grane

    CIO & Head of IT

    • Tenure: 0.0yrs
  • Gregers Wedell-Wedellsborg (46yo)

    Chief Executive Officer

    • Tenure: 1.5yrs
    • Compensation: ø7.30m
  • Elisabeth Klintholm

    Head of Investor Relations & Corporate Affairs

    • Tenure: 1.8yrs

Board Members

  • Lars Frederiksen (60yo)

    Chairman of the Board

    • Tenure: 5.9yrs
    • Compensation: ø800.00k
  • Lars Frederiksen (49yo)

    Deputy Chairman of the Board

    • Tenure: 12.2yrs
    • Compensation: ø400.00k
  • Birgitte Nielsen (55yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: ø400.00k
  • Mette Maix (49yo)

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: ø200.00k
  • Christian Mariager (57yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: ø300.00k
  • Signe Hilstrøm (44yo)

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: ø200.00k

Company Information

Matas A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Matas A/S
  • Ticker: MAAS.F
  • Exchange: OTCPK
  • Founded: 1949
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: ø2.405b
  • Listing Market Cap: ø359.512m
  • Shares outstanding: 37.99m
  • Website: https://www.matas.dk

Number of Employees


Location

  • Matas A/S
  • Rørmosevej 1
  • Allerød
  • Capital Region of Denmark
  • 3450
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MATASCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKJun 2013
1MTADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2013
0QFALSE (London Stock Exchange)YesOrdinary SharesGBDKKJun 2013
MATASCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKJun 2013
MAAS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2013

Biography

Matas A/S, together with its subsidiaries, operates a chain of retail stores that offers beauty, personal care, and health products in Denmark. It offers beauty and personal care products, including cosmet ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/22 06:41
End of Day Share Price2019/02/22 00:00
Earnings2018/12/31
Annual Earnings2018/03/31


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.