OTCPK:MAAS.F

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued 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

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


Market Performance


7 Day Return

0%

MAAS.F

-8.1%

US Specialty Retail

-5.3%

US Market


1 Year Return

n/a

MAAS.F

12.8%

US Specialty Retail

10.4%

US Market

Return vs Industry: Insufficient data to determine how MAAS.F performed against the US Specialty Retail industry.

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


Shareholder returns

MAAS.FIndustryMarket
7 Day0%-8.1%-5.3%
30 Day0%-6.1%-2.1%
90 Dayn/a4.5%1.7%
1 Yearn/a13.9%12.8%12.9%10.4%
3 Yearn/a73.5%65.9%34.3%25.4%
5 Yearn/a54.6%42.6%73.7%54.3%

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 compared to its fair value and its price relative to the market?

33.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAAS.F ($11.2) is trading below our estimate of fair value ($16.82)

Significantly Below Fair Value: MAAS.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MAAS.F is good value based on its PE Ratio (14.2x) compared to the US Specialty Retail industry average (20x).

PE vs Market: MAAS.F is good value based on its PE Ratio (14.2x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: MAAS.F is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: MAAS.F is good value based on its PB Ratio (1x) compared to the US Specialty Retail industry average (1.8x).


Next Steps

Future Growth

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

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAAS.F's forecast earnings growth (10% per year) is above the savings rate (2.2%).

Earnings vs Market: MAAS.F's earnings (10% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: MAAS.F's revenue (1.3% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: MAAS.F's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAAS.F's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has Matas performed over the past 5 years?

-12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAAS.F has high quality earnings.

Growing Profit Margin: MAAS.F's current net profit margins (5.1%) are lower than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: MAAS.F's earnings have declined by 12.6% per year over the past 5 years.

Accelerating Growth: MAAS.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: MAAS.F had negative earnings growth (-19.4%) over the past year, making it difficult to compare to the Specialty Retail industry average (6%).


Return on Equity

High ROE: MAAS.F's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Matas's financial position?


Financial Position Analysis

Short Term Liabilities: MAAS.F's short term assets (DKK1.2B) do not cover its short term liabilities (DKK1.2B).

Long Term Liabilities: MAAS.F's short term assets (DKK1.2B) do not cover its long term liabilities (DKK2.4B).


Debt to Equity History and Analysis

Debt Level: MAAS.F's debt to equity ratio (55.9%) is considered high.

Reducing Debt: MAAS.F's debt to equity ratio has reduced from 75% to 55.9% over the past 5 years.

Debt Coverage: MAAS.F's debt is well covered by operating cash flow (42.3%).

Interest Coverage: MAAS.F's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Next Steps

Dividend

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

3.73%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Current Payout to Shareholders

Dividend Coverage: MAAS.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 MAAS.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Gregers Wedell-Wedellsborg (48 yo)

2.83yrs

Tenure

kr.10,800,000

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

Compensation vs Market: Gregers's total compensation ($USD1.69M) is about average for companies of similar size in the US market ($USD1.96M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gregers Wedell-Wedellsborg
Chief Executive Officer2.83yrskr.10.80m0.043%
DKK 186.0k
Anders Skole-Sørensen
Chief Financial Officer13.17yrskr.5.50m0.26%
DKK 1.1m
Elisabeth Klintholm
Head of Investor Relations & Corporate Affairs3.17yrsno datano data
Klaus Fridorf
Head of Communicationno datano datano data
Anne Hamann
Director of Marketingno datano datano data
Henrik Michaelsen
Director of Human Resourcesno datano datano data
Thomas Grane
CIO & Head of ITno datano datano data

3.2yrs

Average Tenure

56.5yo

Average Age

Experienced Management: MAAS.F's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lars Frederiksen
Independent Chairman of the Board7.25yrskr.800.00k0.072%
DKK 305.8k
Lars Frederiksen
Independent Deputy Chairman of the Board13.58yrskr.500.00kno data
Birgitte Nielsen
Independent Director7.25yrskr.400.00k0.0090%
DKK 38.4k
Mette Maix
Independent Director3.25yrskr.300.00k0.0044%
DKK 19.0k
Signe Hilstrøm
Independent Director3.25yrskr.300.00kno data
Henrik Lorensen
Independent Director0.25yrno datano data

5.3yrs

Average Tenure

51yo

Average Age

Experienced Board: MAAS.F's board of directors are considered experienced (5.3 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.


Ownership Breakdown

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


Top Shareholders

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: kr.2.732b
  • Listing Market Cap: kr.427.664m
  • Shares outstanding: 38.26m
  • Website: https://www.matas.dk

Number of Employees


Location

  • Matas A/S
  • ROermosevej 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 offer beauty, personal care, and health and wellbeing products in Denmark. Its products include cosmetics, fragrances, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 00:19
End of Day Share Price2020/09/03 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.