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AQ Group

DB:7AQ
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7AQ
DB
SEK2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

AQ Group AB (publ) manufactures and sells components and systems for industrial customers worldwide. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • AQ Group has significant price volatility in the past 3 months.
7AQ Share Price and Events
7 Day Returns
5.7%
DB:7AQ
7.1%
DE Electrical
7.3%
DE Market
1 Year Returns
-20.3%
DB:7AQ
-6.8%
DE Electrical
-17.7%
DE Market
7AQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AQ Group (7AQ) 5.7% -26.2% -47.5% -20.3% -48.6% -
DE Electrical 7.1% -23.5% -36.2% -6.8% -42.7% -43%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 7AQ underperformed the Electrical industry which returned -6.8% over the past year.
  • 7AQ underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
7AQ
Industry
5yr Volatility vs Market

Value

 Is AQ Group 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 AQ Group 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 AQ Group.

DB:7AQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.7%
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:7AQ
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))
= 1.116 (1 + (1- 22%) (38.59%))
1.302
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.302 * 5.44%)
6.7%

Discounted Cash Flow Calculation for DB:7AQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AQ Group 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:7AQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.7%)
2020 648.80 Est @ 94.63% 608.09
2021 1,077.80 Est @ 66.12% 946.78
2022 1,575.40 Est @ 46.17% 1,297.04
2023 2,082.68 Est @ 32.2% 1,607.10
2024 2,549.69 Est @ 22.42% 1,844.01
2025 2,946.92 Est @ 15.58% 1,997.55
2026 3,264.85 Est @ 10.79% 2,074.19
2027 3,507.60 Est @ 7.44% 2,088.57
2028 3,686.05 Est @ 5.09% 2,057.10
2029 3,813.00 Est @ 3.44% 1,994.42
Present value of next 10 years cash flows SEK16,514.00
DB:7AQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK3,813.00 × (1 + -0.39%) ÷ (6.7% – -0.39%)
SEK53,606.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK53,606.32 ÷ (1 + 6.7%)10
SEK28,039.21
DB:7AQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK16,514.00 + SEK28,039.21
SEK44,553.21
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK44,553.21 / 18.29
SEK2435.39
DB:7AQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7AQ represents 0.0886x of OM:AQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0886x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 2,435.39 x 0.0886
€215.77
Value per share (EUR) From above. €215.77
Current discount Discount to share price of €11.50
= -1 x (€11.50 - €215.77) / €215.77
94.7%

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

Current Discount
Amount off the current price AQ Group is available for.
Intrinsic value
>50%
Share price is €11.5 vs Future cash flow value of €215.77
Current Discount Checks
For AQ Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AQ Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AQ Group'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 AQ Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AQ Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7AQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK14.37
OM:AQ Share Price ** OM (2020-03-30) in SEK SEK129.8
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 23.98x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of AQ Group.

DB:7AQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 129.8 ÷ 14.37

9.03x

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

  • AQ Group is good value based on earnings compared to the DE Electrical industry average.
  • AQ Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AQ Group's expected growth come at a high price?
Raw Data
DB:7AQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 0.95x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for AQ Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AQ Group's assets?
Raw Data
DB:7AQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK109.75
OM:AQ Share Price * OM (2020-03-30) in SEK SEK129.8
Germany Electrical Industry PB Ratio Median Figure of 15 Publicly-Listed Electrical Companies 1.53x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:7AQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 129.8 ÷ 109.75

1.18x

* Primary Listing of AQ Group.

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

  • AQ Group is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess AQ Group'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. AQ Group has a total score of 5/6, 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.

Future Performance

 How is AQ Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AQ Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
70.7%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AQ Group expected to grow at an attractive rate?
  • Unable to compare AQ Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AQ Group's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare AQ Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:7AQ Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 70.7%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
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:7AQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7AQ Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:7AQ Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 5,113 499 261
2019-09-30 5,029 387 261
2019-06-30 4,920 295 193
2019-03-31 4,830 281 170
2018-12-31 4,667 151 151
2018-09-30 4,468 106 122
2018-06-30 4,254 124 172
2018-03-31 4,108 167 184
2017-12-31 4,020 147 204
2017-09-30 3,907 206 237
2017-06-30 3,707 216 233
2017-03-31 3,489 213 250

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AQ Group is high growth as no earnings estimate data is available.
  • Unable to determine if AQ Group is high growth as no revenue estimate data is available.
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:7AQ 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 0 Analyst Estimates (S&P Global) See Below

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

DB:7AQ Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:7AQ Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 14.37
2019-09-30 14.34
2019-06-30 10.53
2019-03-31 9.27
2018-12-31 8.26
2018-09-30 6.65
2018-06-30 9.42
2018-03-31 10.08
2017-12-31 11.14
2017-09-30 12.96
2017-06-30 12.78
2017-03-31 13.75

*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.
  • Unable to establish if AQ Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether AQ Group is trading at AQ Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. AQ Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. AQ Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess AQ Group'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.
AQ Group has a total score of 0/6, 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.

Past Performance

  How has AQ Group 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 AQ Group'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.
  • AQ Group's year on year earnings growth rate has been positive over the past 5 years.
  • AQ Group's 1-year earnings growth exceeds its 5-year average (72.7% vs 2.9%)
  • AQ Group's earnings growth has exceeded the DE Electrical industry average in the past year (72.7% vs 17.2%).
Earnings and Revenue History
AQ Group'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 AQ Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7AQ 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 5,112.60 260.88 1,939.14
2019-09-30 5,029.08 261.13 1,931.50
2019-06-30 4,919.85 192.64 1,894.55
2019-03-31 4,829.96 169.56 1,899.81
2018-12-31 4,667.22 151.05 1,861.55
2018-09-30 4,468.31 121.69 1,793.22
2018-06-30 4,254.13 172.27 1,735.74
2018-03-31 4,107.96 184.33 1,646.98
2017-12-31 4,019.74 203.77 1,604.12
2017-09-30 3,907.00 237.09 1,554.43
2017-06-30 3,707.08 232.91 1,472.34
2017-03-31 3,489.28 249.67 1,386.38
2016-12-31 3,289.22 235.27 1,312.40
2016-09-30 3,187.92 227.69 1,243.48
2016-06-30 3,119.26 216.43 1,217.43
2016-03-31 3,018.50 188.07 1,191.79
2015-12-31 2,931.88 170.28 1,151.66
2015-09-30 2,832.04 184.45 1,863.39
2015-06-30 2,782.44 181.84 1,602.04
2015-03-31 2,699.57 168.82 1,297.57
2014-12-31 2,616.10 150.01 1,023.32
2014-09-30 2,609.19 124.42 969.14
2014-06-30 2,618.74 132.78 969.14
2014-03-31 2,579.70 132.22 969.14
2013-12-31 2,527.37 122.90 969.14
2013-09-30 2,398.65 116.71 848.31
2013-06-30 2,302.60 102.81 848.31

*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.
  • AQ Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AQ Group used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • AQ Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AQ Group'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.
AQ Group has a total score of 4/6, 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.

Health

 How is AQ Group'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 AQ Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AQ Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AQ Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AQ Group'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 3.6x 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 AQ Group Company Filings, last reported 3 months ago.

DB:7AQ Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,015.16 608.42 161.32
2019-09-30 2,020.89 633.91 126.95
2019-06-30 1,928.49 700.91 122.81
2019-03-31 1,896.42 598.01 114.92
2018-12-31 1,782.71 428.37 100.68
2018-09-30 1,736.97 442.39 102.18
2018-06-30 1,754.07 461.08 139.99
2018-03-31 1,759.43 258.13 155.15
2017-12-31 1,643.19 258.36 142.05
2017-09-30 1,580.10 196.64 105.74
2017-06-30 1,552.26 222.27 103.00
2017-03-31 1,543.69 240.76 125.52
2016-12-31 1,463.19 261.24 163.02
2016-09-30 1,366.83 151.43 119.17
2016-06-30 1,290.58 195.02 116.83
2016-03-31 1,241.02 219.85 147.81
2015-12-31 1,169.74 277.76 135.80
2015-09-30 1,155.69 126.69 166.39
2015-06-30 1,110.54 138.24 150.90
2015-03-31 1,119.23 137.65 149.43
2014-12-31 1,055.23 146.91 145.74
2014-09-30 979.67 187.26 109.74
2014-06-30 929.77 233.42 84.86
2014-03-31 909.71 182.53 71.39
2013-12-31 885.40 244.10 67.57
2013-09-30 844.17 227.73 46.71
2013-06-30 816.57 239.51 54.00
  • AQ Group's level of debt (30.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (13.9% vs 30.2% today).
  • Debt is well covered by operating cash flow (82%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18x coverage).
X
Financial health checks
We assess AQ Group'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. AQ Group has a total score of 5/6, 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.

Dividends

 What is AQ Group'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
2.57%
Current annual income from AQ Group dividends.
If you bought €2,000 of AQ Group shares you are expected to receive €51 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?
  • AQ Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • AQ Group's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase AQ Group 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:7AQ 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 0 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 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:7AQ Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
DB:7AQ Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-20 3.330 2.759
2019-03-22 2.750 1.467
2018-03-26 2.750 1.746
2017-04-06 2.750 1.267
2017-02-23 2.750 1.276
2016-03-24 2.250 1.247
2016-02-18 2.250 1.683
2015-04-10 2.000 1.658
2015-02-19 2.000 1.783
2014-04-10 1.600 1.808
2014-02-20 1.600 1.825
2013-04-10 1.300 2.039
2013-02-21 1.300 2.507
2012-04-10 1.300 2.928
2012-02-21 1.300 2.910
2011-04-01 1.100 2.293
2011-02-21 1.100 1.988
2010-04-08 1.100 2.250
2010-02-17 1.100 2.491
2009-04-06 1.100 2.775

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AQ Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AQ Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 AQ Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AQ Group 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.

Management

 What is the CEO of AQ Group'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
Anders Carlsson
COMPENSATION SEK2,497,000
AGE 52
TENURE AS CEO 1.4 years
CEO Bio

Mr. Anders S. Carlsson has been President and Chief Executive Officer at AQ Group AB (publ) since September 1, 2018 and its Head of Investor Relations since September 01, 2018. He is a Member of ABB Sweden local executive forum and is Division Manager for the ABB Electrification products division in Northern Europe. Prior to this, he has had a number of leading positions withinABB since 1992. He holds a Master of science in Mechanical Engineering from KTH, Stockholm.

CEO Compensation
  • Insufficient data for Anders to compare compensation growth.
  • Anders's remuneration is lower than average for companies of similar size in Germany.
Management Team

Anders Carlsson

TITLE
President
COMPENSATION
SEK2M
AGE
52
TENURE
1.4 yrs

Per-Olof Andersson

TITLE
Founder & Director
COMPENSATION
SEK190K
AGE
64

Mia Tomczak

TITLE
Chief Financial Officer
AGE
51

Katharina Frisk

TITLE
Head of Human Relations
AGE
49
TENURE
2 yrs

Per Lindblad

TITLE
Head of Business Development & IT
AGE
60
Board of Directors Tenure

Average tenure and age of the AQ Group board of directors in years:

2.8
Average Tenure
58
Average Age
  • The average tenure for the AQ Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrik Nolåker

TITLE
Independent Chairman
COMPENSATION
SEK450K
AGE
56
TENURE
1.8 yrs

Per-Olof Andersson

TITLE
Founder & Director
COMPENSATION
SEK190K
AGE
64
TENURE
26.2 yrs

Ulf Gundemark

TITLE
Independent Director
COMPENSATION
SEK230K
AGE
68
TENURE
22.2 yrs

Claes Mellgren

TITLE
Director
COMPENSATION
SEK1M
AGE
60
TENURE
1.8 yrs

Gunilla Spongh

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
53
TENURE
6.2 yrs

Lars Wrebo

TITLE
Independent Director
COMPENSATION
SEK160K
AGE
58
TENURE
2.8 yrs

Annika Johansson-Rosengren

TITLE
Independent Director
COMPENSATION
SEK160K
AGE
50
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by AQ Group 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 (€)
21. Feb 20 Buy Anders Carlsson Individual 21. Feb 20 21. Feb 20 2,000 €18.21 €36,426
25. Oct 19 Buy Anders Carlsson Individual 25. Oct 19 25. Oct 19 1,000 €17.67 €17,671
05. Sep 19 Sell James Ahrgren Individual 03. Sep 19 03. Sep 19 -1,814 €17.40 €-31,568
30. Apr 19 Sell James Ahrgren Individual 29. Apr 19 30. Apr 19 -4,874 €17.43 €-84,356
X
Management checks
We assess AQ Group'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. AQ Group 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.

News

Simply Wall St News

Company Info

Description

AQ Group AB (publ) manufactures and sells components and systems for industrial customers worldwide. The company operates through two segments, Component and System. It provides electric cabinets for the food industry, automatic teller machines, control and power equipment for ship cranes, control equipment for automated handling of goods in harbors, and control systems for motors and generators; and wiring harness systems and electromechanical modules to automotive, commercial vehicle, railway, and engineering industries. The company also offers thermoplastic components for automotive, medical, and engineering industries; and contract manufacturing services for sheet metal components and sheet metal assemblies to automotive, rolling stock, telecom, and electromechanical industries. In addition, it provides machines and automatic equipment, including ticket machines for parking and travel tickets, automatic teller machines, packaging machines, and printers and passport automation systems; and transformers and inductors for use in various applications comprising high-speed trains, relay protection systems, military equipment, airplanes, and equipment for process automation. Further, the company offers system solutions for automotive industry; and mechanical engineering services for sheet metal and plastic designs. AQ Group AB (publ) was founded in 1994 and is headquartered in Västerås, Sweden.

Details
Name: AQ Group AB (publ)
7AQ
Exchange: DB
Founded: 1994
SEK214,742,799
18,294,058
Website: http://www.aqg.se
Address: AQ Group AB (publ)
Regattagatan 29,
Västerås,
Västmanland County, 723 48,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AQ Class A Shares OMX Nordic Exchange Stockholm SE SEK 07. Jun 2001
DB 7AQ Class A Shares Deutsche Boerse AG DE EUR 07. Jun 2001
LSE 0RLO Class A Shares London Stock Exchange GB SEK 07. Jun 2001
Number of employees
Current staff
Staff numbers
6,300
AQ Group employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:22
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2018/02/22
Last earnings filing: 2020/02/20
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.