NEDERMAN HOLDING AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 185.6 SEK | -2.73% |
|
+0.76% | +3.40% |
| Apr. 26 | Nederman Holding AB Approves Dividend for 2023 | CI |
| Apr. 25 | Transcript : Nederman Holding AB, Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,158 | 4,717 | 4,948 | 7,650 | 6,050 | 6,301 |
| Enterprise Value (EV) 1 | 3,620 | 6,128 | 6,248 | 8,616 | 7,457 | 7,603 |
| P/E ratio | 15.5 x | 20.9 x | 44.8 x | 25.1 x | 18.4 x | 18.5 x |
| Yield | 2.56% | - | 0.71% | 1.61% | 2.18% | 2.2% |
| Capitalization / Revenue | 0.89 x | 1.09 x | 1.35 x | 1.89 x | 1.17 x | 1.02 x |
| EV / Revenue | 1.02 x | 1.42 x | 1.7 x | 2.13 x | 1.44 x | 1.23 x |
| EV / EBITDA | 11 x | 15.8 x | 16.8 x | 18 x | 14.2 x | 9.72 x |
| EV / FCF | 15.2 x | 31.5 x | 24.1 x | 23.6 x | 139 x | 19.7 x |
| FCF Yield | 6.57% | 3.18% | 4.14% | 4.24% | 0.72% | 5.09% |
| Price to Book | 2.53 x | 3.42 x | 3.8 x | 4.45 x | 2.77 x | 2.66 x |
| Nbr of stocks (in thousands) | 35,089 | 35,093 | 35,093 | 35,093 | 35,093 | 35,105 |
| Reference price 2 | 90.00 | 134.4 | 141.0 | 218.0 | 172.4 | 179.5 |
| Announcement Date | 3/18/19 | 3/16/20 | 3/19/21 | 3/19/22 | 3/17/23 | 3/15/24 |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,554 | 4,308 | 3,675 | 4,042 | 5,179 | 6,188 |
| EBITDA 1 | 329.3 | 387.4 | 371.8 | 478.4 | 526 | 782.1 |
| EBIT 1 | 295.1 | 344.4 | 322.1 | 429.8 | 462.1 | 617.8 |
| Operating Margin | 8.3% | 7.99% | 8.77% | 10.63% | 8.92% | 9.98% |
| Earnings before Tax (EBT) 1 | 268 | 307.3 | 148.5 | 417.1 | 438.8 | 476.2 |
| Net income 1 | 203.2 | 225.8 | 110.4 | 305.3 | 328.7 | 340.9 |
| Net margin | 5.72% | 5.24% | 3% | 7.55% | 6.35% | 5.51% |
| EPS 2 | 5.790 | 6.430 | 3.146 | 8.700 | 9.367 | 9.710 |
| Free Cash Flow 1 | 237.7 | 194.7 | 258.8 | 365.1 | 53.68 | 386.7 |
| FCF margin | 6.69% | 4.52% | 7.04% | 9.03% | 1.04% | 6.25% |
| FCF Conversion (EBITDA) | 72.18% | 50.25% | 69.6% | 76.31% | 10.2% | 49.45% |
| FCF Conversion (Net income) | 116.98% | 86.21% | 234.41% | 119.58% | 16.33% | 113.45% |
| Dividend per Share 2 | 2.300 | - | 1.000 | 3.500 | 3.750 | 3.950 |
| Announcement Date | 3/18/19 | 3/16/20 | 3/19/21 | 3/19/22 | 3/17/23 | 3/15/24 |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 462 | 1,411 | 1,299 | 966 | 1,407 | 1,301 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.404 x | 3.642 x | 3.495 x | 2.018 x | 2.674 x | 1.664 x |
| Free Cash Flow 1 | 238 | 195 | 259 | 365 | 53.7 | 387 |
| ROE (net income / shareholders' equity) | 17.5% | 17.3% | 8.23% | 20.2% | 16.8% | 15% |
| ROA (Net income/ Total Assets) | 5.45% | 4.91% | 4.47% | 5.98% | 5.28% | 6.11% |
| Assets 1 | 3,731 | 4,598 | 2,468 | 5,102 | 6,231 | 5,581 |
| Book Value Per Share 2 | 35.60 | 39.30 | 37.10 | 48.90 | 62.30 | 67.60 |
| Cash Flow per Share 2 | 13.20 | 12.70 | 13.30 | 15.40 | 20.60 | 23.20 |
| Capex 1 | 23.7 | 42.8 | 34.3 | 39.2 | 70.7 | 104 |
| Capex / Sales | 0.67% | 0.99% | 0.93% | 0.97% | 1.37% | 1.68% |
| Announcement Date | 3/18/19 | 3/16/20 | 3/19/21 | 3/19/22 | 3/17/23 | 3/15/24 |
1SEK in Million2SEK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +3.40% | 594M | |
| +10.59% | 8.7B | |
| +29.45% | 2.21B | |
| -0.24% | 1.18B | |
| +24.85% | 883M | |
| -2.50% | 808M | |
| -14.90% | 600M | |
| -2.33% | 565M | |
| -8.50% | 553M | |
| -0.15% | 501M |
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- Financials Nederman Holding AB
