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AB Fagerhult

DB:2F0
Snowflake Description

Very undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2F0
DB
SEK7B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

AB Fagerhult, together with its subsidiaries, develops, manufactures, and markets professional lighting systems for public environments. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • AB Fagerhult has significant price volatility in the past 3 months.
2F0 Share Price and Events
7 Day Returns
5.6%
DB:2F0
1.8%
DE Electrical
2.2%
DE Market
1 Year Returns
-55.5%
DB:2F0
-8.9%
DE Electrical
-17.2%
DE Market
2F0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AB Fagerhult (2F0) 5.6% -37.3% -47.5% -55.5% - -
DE Electrical 1.8% -20.6% -35.7% -8.9% -41.9% -42.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 2F0 underperformed the Electrical industry which returned -8.9% over the past year.
  • 2F0 underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
2F0
Industry
5yr Volatility vs Market

2F0 Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AB Fagerhult to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AB Fagerhult.

DB:2F0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2F0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 22%) (67.95%))
1.476
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.476 * 5.44%)
7.64%

Discounted Cash Flow Calculation for DB:2F0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AB Fagerhult is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:2F0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.64%)
2020 590.00 Analyst x1 548.11
2021 744.00 Analyst x1 642.11
2022 853.82 Est @ 14.76% 684.57
2023 941.04 Est @ 10.22% 700.94
2024 1,007.24 Est @ 7.03% 696.98
2025 1,055.65 Est @ 4.81% 678.62
2026 1,089.93 Est @ 3.25% 650.92
2027 1,113.44 Est @ 2.16% 617.74
2028 1,128.94 Est @ 1.39% 581.88
2029 1,138.63 Est @ 0.86% 545.20
Present value of next 10 years cash flows SEK6,347.00
DB:2F0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK1,138.63 × (1 + -0.39%) ÷ (7.64% – -0.39%)
SEK14,120.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK14,120.62 ÷ (1 + 7.64%)10
SEK6,761.32
DB:2F0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK6,347.00 + SEK6,761.32
SEK13,108.32
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK13,108.32 / 176.14
SEK74.42
DB:2F0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2F0 represents 0.07673x of OM:FAG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07673x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 74.42 x 0.07673
€5.71
Value per share (EUR) From above. €5.71
Current discount Discount to share price of €3.00
= -1 x (€3.00 - €5.71) / €5.71
47.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AB Fagerhult is available for.
Intrinsic value
47%
Share price is €3 vs Future cash flow value of €5.71
Current Discount Checks
For AB Fagerhult to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AB Fagerhult's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AB Fagerhult's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AB Fagerhult's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AB Fagerhult's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2F0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK3.32
OM:FAG Share Price ** OM (2020-03-31) in SEK SEK39.1
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 24.37x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AB Fagerhult.

DB:2F0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:FAG Share Price ÷ EPS (both in SEK)

= 39.1 ÷ 3.32

11.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AB Fagerhult is good value based on earnings compared to the DE Electrical industry average.
  • AB Fagerhult is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AB Fagerhult's expected growth come at a high price?
Raw Data
DB:2F0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.5%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1.01x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:2F0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.79x ÷ 12.5%

0.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AB Fagerhult is good value based on expected growth next year.
Price based on value of assets
What value do investors place on AB Fagerhult's assets?
Raw Data
DB:2F0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK31.01
OM:FAG Share Price * OM (2020-03-31) in SEK SEK39.1
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.77x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:2F0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:FAG Share Price ÷ Book Value per Share (both in SEK)

= 39.1 ÷ 31.01

1.26x

* Primary Listing of AB Fagerhult.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AB Fagerhult is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess AB Fagerhult's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. AB Fagerhult has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2F0 Future Performance

 How is AB Fagerhult expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AB Fagerhult expected to grow at an attractive rate?
  • AB Fagerhult's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • AB Fagerhult's earnings growth is positive but not above the Germany market average.
  • AB Fagerhult's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2F0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2F0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.5%
DB:2F0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.7%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 68.3%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2F0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2F0 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,628 1,011 657 1
2020-12-31 8,363 849 608 1
2020-04-01
DB:2F0 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 7,845 1,008 508
2019-09-30 7,204 916 538
2019-06-30 6,578 697 493
2019-03-31 5,945 548 498
2018-12-31 5,621 378 503
2018-09-30 5,453 367 491
2018-06-30 5,318 402 492
2018-03-31 5,197 468 484
2017-12-31 5,170 681 494
2017-09-30 5,024 656 435
2017-06-30 4,863 537 424
2017-03-31 4,704 566 427

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AB Fagerhult's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
  • AB Fagerhult's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2F0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from AB Fagerhult Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2F0 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.71 3.71 3.71 1.00
2020-12-31 3.43 3.43 3.43 1.00
2020-04-01
DB:2F0 Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 3.32
2019-09-30 3.90
2019-06-30 4.03
2019-03-31 4.30
2018-12-31 4.39
2018-09-30 4.28
2018-06-30 4.30
2018-03-31 4.23
2017-12-31 4.32
2017-09-30 3.81
2017-06-30 3.71
2017-03-31 3.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AB Fagerhult is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AB Fagerhult's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AB Fagerhult has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2F0 Past Performance

  How has AB Fagerhult performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AB Fagerhult's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AB Fagerhult's year on year earnings growth rate has been positive over the past 5 years.
  • AB Fagerhult's 1-year earnings growth is less than its 5-year average (1.1% vs 15%)
  • AB Fagerhult's earnings growth has not exceeded the DE Electrical industry average in the past year (1.1% vs 74.4%).
Earnings and Revenue History
AB Fagerhult's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AB Fagerhult Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2F0 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,844.90 508.40 2,329.00
2019-09-30 7,203.70 537.70 2,085.40
2019-06-30 6,578.40 492.90 1,854.00
2019-03-31 5,944.60 497.90 1,630.70
2018-12-31 5,621.00 503.10 1,491.30
2018-09-30 5,452.80 490.50 1,442.70
2018-06-30 5,317.90 491.80 1,405.20
2018-03-31 5,196.70 483.50 1,356.80
2017-12-31 5,170.30 494.40 1,304.30
2017-09-30 5,024.10 435.40 1,265.30
2017-06-30 4,862.80 423.50 1,183.00
2017-03-31 4,703.50 427.40 1,129.50
2016-12-31 4,490.70 380.90 1,075.50
2016-09-30 4,350.10 383.60 1,024.90
2016-06-30 4,217.50 350.60 995.20
2016-03-31 4,035.40 298.40 941.00
2015-12-31 3,909.40 288.60 923.90
2015-09-30 3,807.50 270.40 900.70
2015-06-30 3,770.50 259.10 886.20
2015-03-31 3,755.80 263.30 872.20
2014-12-31 3,735.80 261.20 856.20
2014-09-30 3,660.30 252.20 833.40
2014-06-30 3,494.90 241.60 803.50
2014-03-31 3,291.40 210.90 780.40
2013-12-31 3,095.20 182.60 744.60
2013-09-30 3,010.50 169.10 733.00
2013-06-30 2,976.00 154.70 736.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AB Fagerhult has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AB Fagerhult used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • AB Fagerhult's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AB Fagerhult's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AB Fagerhult has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2F0 Health

 How is AB Fagerhult's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AB Fagerhult's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AB Fagerhult is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AB Fagerhult's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AB Fagerhult's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AB Fagerhult Company Filings, last reported 3 months ago.

DB:2F0 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,501.20 3,752.00 1,133.50
2019-09-30 5,523.10 4,265.80 1,134.80
2019-06-30 5,208.00 4,390.10 989.10
2019-03-31 3,137.80 6,510.70 1,152.90
2018-12-31 2,129.20 2,787.70 808.40
2018-09-30 1,960.00 2,892.90 526.60
2018-06-30 1,920.20 3,162.40 636.40
2018-03-31 2,031.10 2,908.30 874.60
2017-12-31 1,890.50 2,689.40 949.90
2017-09-30 1,769.40 2,716.00 758.70
2017-06-30 1,671.60 2,924.20 869.40
2017-03-31 1,767.30 2,647.60 745.90
2016-12-31 1,627.10 1,885.30 739.20
2016-09-30 1,568.60 1,963.10 517.80
2016-06-30 1,447.10 1,935.80 424.60
2016-03-31 1,467.60 1,826.20 450.10
2015-12-31 1,437.10 1,342.20 473.00
2015-09-30 1,361.10 1,343.10 298.60
2015-06-30 1,327.50 1,359.20 270.90
2015-03-31 1,412.40 1,330.50 335.10
2014-12-31 1,329.20 1,327.50 354.90
2014-09-30 1,218.80 1,435.90 282.40
2014-06-30 1,118.60 1,479.00 272.80
2014-03-31 1,092.70 1,375.10 227.30
2013-12-31 1,029.80 1,071.90 248.90
2013-09-30 954.60 1,197.00 229.50
2013-06-30 887.00 1,196.30 198.90
  • AB Fagerhult's level of debt (68.2%) 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 (99.8% vs 68.2% today).
  • Debt is well covered by operating cash flow (26.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10x coverage).
X
Financial health checks
We assess AB Fagerhult's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AB Fagerhult has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2F0 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.84%
Current annual income from AB Fagerhult dividends. Estimated to be 4.6% next year.
If you bought €2,000 of AB Fagerhult shares you are expected to receive €77 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AB Fagerhult's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • AB Fagerhult's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
Upcoming dividend payment

Purchase AB Fagerhult before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2F0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2F0 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.90 1.00
2020-12-31 1.70 1.00
2020-04-01
DB:2F0 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-20 1.500 4.375
2020-02-18 1.500 3.446
2019-03-15 2.000 3.314
2019-02-26 2.000 2.694
2018-03-16 2.000 2.459
2018-02-26 2.000 1.983
2017-04-03 1.500 1.394
2016-02-11 1.167 1.671
2015-03-18 1.000 2.033
2014-03-20 0.806 1.921
2014-02-13 0.806 2.649
2013-04-18 0.722 3.396
2012-04-25 0.722 3.615
2011-04-28 0.389 2.091
2010-04-27 0.333 2.181
2009-04-22 0.611 4.655

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AB Fagerhult's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess AB Fagerhult's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AB Fagerhult afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AB Fagerhult has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2F0 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bodil Gallon
COMPENSATION SEK7,600,000
AGE 51
TENURE AS CEO 1.5 years
CEO Bio

Ms. Bodil Sonesson Gallon is President and Chief Executive Officer at AB Fagerhult since October 08, 2018. She was Vice President of Global Sales as Axis Communications AB, a subsidiary of Axis AB till November 24, 2018. She was Chief Executive Officer and President of AB Fagerhult. Ms. Gallon served as Vice President, Sales & Marketing of Axis AB. She served as Vice President of Regional Operations of Axis AB. She was employed by Lars Weibull AB. She was employed within Axis AB since 1996. She serves as Director of Tomra Systems ASA since April 22, 2013. Ms. Gallon earned a Master's degree in International Finance from University of Lund and Konstanz University, Germany. She was Vice President of Global Sales at Axis AB (publ) till November 24, 2018.

CEO Compensation
  • Bodil's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Bodil's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AB Fagerhult management team in years:

1.5
Average Tenure
51
Average Age
  • The average tenure for the AB Fagerhult management team is less than 2 years, this suggests a new team.
Management Team

Bodil Gallon

TITLE
CEO & President
COMPENSATION
SEK8M
AGE
51
TENURE
1.5 yrs

Michael Wood

TITLE
Chief Financial Officer
AGE
55
TENURE
4.1 yrs

Michael Brüer

TITLE
Chief Strategy & Communication Officer
AGE
36
TENURE
0.1 yrs

Jenny Evelius

TITLE
Head of Human Resources
AGE
50

Bo Eveborn

TITLE
Managing Director
AGE
77

Anders Fransson

TITLE
Managing Director Fagerhults Belysning AB
AGE
50

Andrea Sasso

TITLE
CEO of iGuzzini illuminazione
AGE
54
Board of Directors Tenure

Average tenure and age of the AB Fagerhult board of directors in years:

2.9
Average Tenure
53
Average Age
  • The average tenure for the AB Fagerhult board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jan Svensson

TITLE
Independent Chairman
COMPENSATION
SEK700K
AGE
63

Eric Douglas

TITLE
Independent Vice Chairman
COMPENSATION
SEK400K
AGE
51

Cecilia Fasth

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
46
TENURE
6 yrs

Magnus Nell

TITLE
Employee Representative Director
AGE
55

Lars-ÅKE Johansson

TITLE
Employee Representative Director
AGE
58

Catherina Fored

TITLE
Independent Director
COMPENSATION
SEK300K
AGE
55
TENURE
7 yrs

Morten Falkenberg

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
61
TENURE
2.9 yrs

Annica Bresky

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
44
TENURE
0.9 yrs

Teresa Enander

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
40
TENURE
0.9 yrs

Palm Araldsson

TITLE
Deputy Employee Representative Director
AGE
35
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by AB Fagerhult individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Feb 20 Buy Jan Svensson Individual 19. Feb 20 19. Feb 20 7,200 €5.26 €37,846
20. Jun 19 Buy Jenny Evelius Individual 18. Jun 19 18. Jun 19 1,622 €5.79 €9,383
20. Jun 19 Buy Bodil Gallon Individual 18. Jun 19 18. Jun 19 3,244 €5.79 €18,767
18. Jun 19 Buy Frank Augustsson Individual 18. Jun 19 18. Jun 19 2,433 €5.79 €14,075
09. Jun 19 Sell Jenny Evelius Individual 06. Jun 19 06. Jun 19 -7,582 €5.72 €-43,345
09. Jun 19 Buy Jenny Evelius Individual 06. Jun 19 06. Jun 19 6,223 €5.74 €35,717
06. Jun 19 Buy Frank Augustsson Individual 31. May 19 31. May 19 6,937 €5.75 €39,895
14. May 19 Buy Cecilia Fasth Individual 14. May 19 14. May 19 1,750 €5.48 €9,594
X
Management checks
We assess AB Fagerhult's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AB Fagerhult has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2F0 News

Simply Wall St News

2F0 Company Info

Description

AB Fagerhult, together with its subsidiaries, develops, manufactures, and markets professional lighting systems for public environments. It offers indoor lighting products for public environments, such as offices, schools, hospitals, industry, etc. The company also provides various retail lighting solutions, including lighting systems, light sources, and services to retail environments. In addition, it offers outdoor lighting products for buildings, parks, recreational areas, pathways, etc. The company markets its products under 13 brand names, including FAGERHULT, ateljé Lyktan, Whitecroft lighting, eaglelightingaustralia, LTS, designplan LIGHTING, i VALO, arLIGHT, LIGHTING INNOVATIONS, LED LNEAR, we-ef, VEKO LIGHTSYSTEMS, and iGuzzini. It operates in Northern Europe, the United Kingdom, Ireland, Western and Southern Europe, Africa, Asia, the Pacific, and internationally. The company was formerly known as Fagerhults Elektriska and changed its name to AB Fagerhult in 1974. AB Fagerhult was founded in 1945 and is headquartered in Habo, Sweden.

Details
Name: AB Fagerhult
2F0
Exchange: DB
Founded: 1945
SEK630,853,380
176,136,299
Website: http://www.fagerhult.com
Address: AB Fagerhult
Habo,
Jönköping County, 566 80,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM FAG Common Shares OMX Nordic Exchange Stockholm SE SEK 14. May 1997
DB 2F0 Common Shares Deutsche Boerse AG DE EUR 14. May 1997
LSE 0RQH Common Shares London Stock Exchange GB SEK 14. May 1997
OM FAG SHS OMX Nordic Exchange Stockholm SE SEK 01. Apr 2020
Number of employees
Current staff
Staff numbers
4,700
AB Fagerhult employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 05:34
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/28
Last earnings filing: 2020/03/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.