SCANDI STANDARD AB (PUBL) |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 75.5 SEK | +0.80% |
|
+1.62% | +31.30% |
| Mar. 25 | Scandi Standard AB Proposes Dividend for 2023, Payable on May 13, 2024 and 25 September 2024 | CI |
| Feb. 09 | Transcript : Scandi Standard AB, Q4 2023 Earnings Call, Feb 09, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,915 | 4,514 | 2,678 | 3,201 | 3,756 | 4,932 | - | - |
| Enterprise Value (EV) 1 | 7,111 | 6,453 | 4,652 | 3,201 | 5,337 | 6,545 | 6,507 | 6,544 |
| P/E ratio | 20.7 x | 21.8 x | 25.6 x | 24.3 x | 14 x | 15.7 x | 13.6 x | 10.6 x |
| Yield | 3.02% | 3.63% | - | - | 4% | 3.74% | 4.24% | 5.3% |
| Capitalization / Revenue | 0.5 x | 0.45 x | 0.27 x | 0.26 x | 0.29 x | 0.39 x | 0.37 x | 0.35 x |
| EV / Revenue | 0.72 x | 0.65 x | 0.46 x | 0.26 x | 0.41 x | 0.51 x | 0.49 x | 0.47 x |
| EV / EBITDA | 9.16 x | 7.73 x | 7.78 x | 4.43 x | 6.13 x | 7.11 x | 6.68 x | 5.93 x |
| EV / FCF | 14.6 x | 14.5 x | 15.2 x | - | 8.27 x | 31 x | 20.6 x | 16.8 x |
| FCF Yield | 6.86% | 6.91% | 6.6% | - | 12.1% | 3.23% | 4.85% | 5.96% |
| Price to Book | 2.83 x | 2.4 x | - | - | 1.58 x | 1.94 x | 1.8 x | 1.66 x |
| Nbr of stocks (in thousands) | 66,061 | 65,604 | 65,327 | 65,327 | 65,327 | 65,327 | - | - |
| Reference price 2 | 74.40 | 68.80 | 41.00 | 49.00 | 57.50 | 75.50 | 75.50 | 75.50 |
| Announcement Date | 2/7/20 | 2/11/21 | 2/11/22 | 2/9/23 | 2/9/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,891 | 9,940 | 10,101 | 12,119 | 13,014 | 12,735 | 13,245 | 14,053 |
| EBITDA 1 | 776 | 835 | 598 | 722 | 871 | 920.4 | 973.5 | 1,104 |
| EBIT 1 | 454 | 500 | 213 | 290 | 457 | 508.2 | 564.9 | 679 |
| Operating Margin | 4.59% | 5.03% | 2.11% | 2.39% | 3.51% | 3.99% | 4.27% | 4.83% |
| Earnings before Tax (EBT) 1 | 312 | 260 | 103 | 186 | 333 | 396 | 499 | 580 |
| Net income 1 | 235 | 207 | 104 | 132 | 269 | 317.8 | 367.6 | 470 |
| Net margin | 2.38% | 2.08% | 1.03% | 1.09% | 2.07% | 2.5% | 2.78% | 3.34% |
| EPS 2 | 3.600 | 3.160 | 1.600 | 2.020 | 4.110 | 4.810 | 5.560 | 7.110 |
| Free Cash Flow 1 | 488 | 446 | 307 | - | 645 | 211.4 | 315.9 | 390 |
| FCF margin | 4.93% | 4.49% | 3.04% | - | 4.96% | 1.66% | 2.39% | 2.78% |
| FCF Conversion (EBITDA) | 62.89% | 53.41% | 51.34% | - | 74.05% | 22.97% | 32.45% | 35.33% |
| FCF Conversion (Net income) | 207.66% | 215.46% | 295.19% | - | 239.78% | 66.52% | 85.95% | 82.98% |
| Dividend per Share 2 | 2.250 | 2.500 | - | - | 2.300 | 2.820 | 3.200 | 4.000 |
| Announcement Date | 2/7/20 | 2/11/21 | 2/11/22 | 2/9/23 | 2/9/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,632 | 2,435 | 2,793 | 3,056 | 3,202 | 3,069 | 3,284 | 3,411 | 3,308 | 3,011 | 3,172 | 3,291 | 3,195 | 2,998 |
| EBITDA 1 | 126 | 125 | 136 | 172 | 212 | 202 | 196 | 230 | 240 | 206 | 220 | 232 | 256 | 218 |
| EBIT 1 | 43 | 3 | 37 | 42 | 112 | 99 | 93 | 121 | 130 | 105 | 116 | 128 | 152 | 113 |
| Operating Margin | 1.63% | 0.12% | 1.32% | 1.37% | 3.5% | 3.23% | 2.83% | 3.55% | 3.93% | 3.49% | 3.66% | 3.89% | 4.76% | 3.77% |
| Earnings before Tax (EBT) 1 | 10 | 8 | 16 | 18 | 84 | 67 | 61 | 88 | 107 | 77 | 87 | 98 | 125 | 86 |
| Net income 1 | 2 | 6 | 7 | 5 | 65 | 56 | 54 | 74 | 76 | 66 | 70.6 | 79.9 | 102 | 70.4 |
| Net margin | 0.08% | 0.25% | 0.25% | 0.16% | 2.03% | 1.82% | 1.64% | 2.17% | 2.3% | 2.19% | 2.23% | 2.43% | 3.19% | 2.35% |
| EPS 2 | 0.0400 | 0.0800 | 0.1000 | 0.0700 | 0.9900 | 0.8600 | 0.8300 | 1.110 | 1.160 | 1.010 | 1.100 | 1.200 | 1.500 | 1.100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/11/22 | 5/4/22 | 8/25/22 | 10/28/22 | 2/9/23 | 5/3/23 | 8/23/23 | 10/26/23 | 2/9/24 | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,196 | 1,939 | 1,974 | - | 1,581 | 1,613 | 1,575 | 1,612 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.83 x | 2.322 x | 3.301 x | - | 1.815 x | 1.752 x | 1.617 x | 1.46 x |
| Free Cash Flow 1 | 488 | 446 | 307 | - | 645 | 211 | 316 | 390 |
| ROE (net income / shareholders' equity) | 14.2% | 11.5% | 5.44% | - | 11.4% | 12.6% | 13.7% | 16.3% |
| ROA (Net income/ Total Assets) | 3.84% | 3.27% | 1.62% | - | 3.85% | 4.6% | 4.7% | - |
| Assets 1 | 6,124 | 6,329 | 6,440 | - | 6,979 | 6,909 | 7,820 | - |
| Book Value Per Share 2 | 26.30 | 28.60 | - | - | 36.30 | 38.90 | 42.00 | 45.50 |
| Cash Flow per Share 2 | 14.10 | 12.20 | 9.390 | - | 15.00 | 9.400 | 12.10 | 13.60 |
| Capex 1 | 432 | 355 | 306 | - | 338 | 448 | 441 | 507 |
| Capex / Sales | 4.37% | 3.57% | 3.03% | - | 2.6% | 3.52% | 3.33% | 3.61% |
| Announcement Date | 2/7/20 | 2/11/21 | 2/11/22 | 2/9/23 | 2/9/24 | - | - | - |
1SEK in Million2SEK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
75.5
SEK
Average target price
70
SEK
Spread / Average Target
-7.28%
EPS Revisions
- Stock Market
- Equities
- SCST Stock
- Financials Scandi Standard AB (publ)
