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Addtech AB (publ.)

DB:AZZ1
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AZZ1
DB
SEK18B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, and internationally. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
AZZ1 Share Price and Events
7 Day Returns
0%
DB:AZZ1
-0.3%
DE Trade Distributors
0%
DE Market
1 Year Returns
45.4%
DB:AZZ1
8.5%
DE Trade Distributors
9.9%
DE Market
AZZ1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Addtech AB (publ.) (AZZ1) 0% 4.9% 6.9% 45.4% - -
DE Trade Distributors -0.3% 8.2% 13.6% 8.5% -3.8% 2.3%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • AZZ1 outperformed the Trade Distributors industry which returned 8.5% over the past year.
  • AZZ1 outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
AZZ1
Industry
5yr Volatility vs Market

AZZ1 Value

 Is Addtech AB (publ.) 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 Addtech AB (publ.) 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 Addtech AB (publ.).

DB:AZZ1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:AZZ1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 22%) (15.94%))
1.045
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.045 * 5.96%)
6.45%

Discounted Cash Flow Calculation for DB:AZZ1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Addtech AB (publ.) 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:AZZ1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.45%)
2020 763.67 Analyst x3 717.36
2021 886.00 Analyst x4 781.82
2022 870.75 Analyst x4 721.77
2023 861.60 Est @ -1.05% 670.89
2024 855.86 Est @ -0.67% 626.01
2025 852.45 Est @ -0.4% 585.71
2026 850.65 Est @ -0.21% 549.04
2027 849.98 Est @ -0.08% 515.34
2028 850.09 Est @ 0.01% 484.16
2029 850.75 Est @ 0.08% 455.16
Present value of next 10 years cash flows SEK6,107.00
DB:AZZ1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK850.75 × (1 + 0.23%) ÷ (6.45% – 0.23%)
SEK13,694.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK13,694.53 ÷ (1 + 6.45%)10
SEK7,326.65
DB:AZZ1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK6,107.00 + SEK7,326.65
SEK13,433.65
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK13,433.65 / 67.09
SEK200.24
DB:AZZ1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AZZ1 represents 0.09485x of OM:ADDT B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09485x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 200.24 x 0.09485
€18.99
Value per share (EUR) From above. €18.99
Current discount Discount to share price of €24.85
= -1 x (€24.85 - €18.99) / €18.99
-30.8%

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

  • The current share price of Addtech AB (publ.) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Addtech AB (publ.)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Addtech AB (publ.)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AZZ1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK11.78
OM:ADDT B Share Price ** OM (2019-11-18) in SEK SEK262
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 15.38x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of Addtech AB (publ.).

DB:AZZ1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 262 ÷ 11.78

22.25x

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

  • Addtech AB (publ.) is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • Addtech AB (publ.) is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Addtech AB (publ.)'s expected growth come at a high price?
Raw Data
DB:AZZ1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
0%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.62x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:AZZ1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.25x ÷ 0%

556.18x

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

  • Addtech AB (publ.) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Addtech AB (publ.)'s assets?
Raw Data
DB:AZZ1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK39.16
OM:ADDT B Share Price * OM (2019-11-18) in SEK SEK262
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:AZZ1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 262 ÷ 39.16

6.69x

* Primary Listing of Addtech AB (publ.).

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

  • Addtech AB (publ.) is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Addtech AB (publ.)'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Addtech AB (publ.) has a total score of 0/6, 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.

AZZ1 Future Performance

 How is Addtech AB (publ.) expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
0%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Addtech AB (publ.) expected to grow at an attractive rate?
  • Addtech AB (publ.)'s earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Addtech AB (publ.)'s earnings growth is positive but not above the Germany market average.
  • Addtech AB (publ.)'s revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AZZ1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AZZ1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 0%
DB:AZZ1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.1%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:AZZ1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AZZ1 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 12,268 1,074 859 4
2021-03-31 11,926 1,096 844 4
2020-03-31 11,900 875 883 4
2019-11-18
DB:AZZ1 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 11,266 898 790
2019-06-30 10,687 725 725
2019-03-31 10,148 524 660
2018-12-31 9,405 471 613
2018-09-30 8,884 548 573
2018-06-30 8,438 506 533
2018-03-31 8,022 539 514
2017-12-31 7,842 548 499
2017-09-30 7,631 473 481
2017-06-30 7,397 532 470
2017-03-31 7,178 551 440
2016-12-31 6,868 536 406

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Addtech AB (publ.)'s earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Addtech AB (publ.)'s revenue is expected to grow by 2.1% 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:AZZ1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Addtech AB (publ.) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AZZ1 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 12.79 13.75 11.31 4.00
2021-03-31 12.57 13.57 11.13 4.00
2020-03-31 13.15 14.26 12.26 4.00
2019-11-18
DB:AZZ1 Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 11.78
2019-06-30 10.81
2019-03-31 9.84
2018-12-31 9.14
2018-09-30 8.55
2018-06-30 7.96
2018-03-31 7.68
2017-12-31 7.46
2017-09-30 7.20
2017-06-30 7.03
2017-03-31 6.58
2016-12-31 6.07

*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.
  • Addtech AB (publ.) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Addtech AB (publ.)'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 Europe 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.
Addtech AB (publ.) has a total score of 1/6, 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.

AZZ1 Past Performance

  How has Addtech AB (publ.) 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 Addtech AB (publ.)'s growth in the last year to its industry (Trade Distributors).
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.
  • Addtech AB (publ.)'s year on year earnings growth rate has been positive over the past 5 years.
  • Addtech AB (publ.)'s 1-year earnings growth exceeds its 5-year average (37.9% vs 18.9%)
  • Addtech AB (publ.)'s earnings growth has exceeded the DE Trade Distributors industry average in the past year (37.9% vs 8.4%).
Earnings and Revenue History
Addtech AB (publ.)'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 Addtech AB (publ.) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AZZ1 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 11,266.00 790.00 2,449.00
2019-06-30 10,687.00 725.00 2,343.00
2019-03-31 10,148.00 660.00 2,241.00
2018-12-31 9,405.00 613.00 2,120.00
2018-09-30 8,884.00 573.00 2,003.00
2018-06-30 8,438.00 533.00 1,902.00
2018-03-31 8,022.00 514.00 1,819.00
2017-12-31 7,842.00 499.00 1,774.00
2017-09-30 7,631.00 481.00 1,733.00
2017-06-30 7,397.00 470.00 1,702.00
2017-03-31 7,178.00 440.00 1,671.00
2016-12-31 6,868.00 406.00 1,623.00
2016-09-30 6,619.00 377.00 1,573.00
2016-06-30 6,443.00 343.00 1,533.00
2016-03-31 6,155.00 314.00 1,486.00
2015-12-31 5,294.00 260.00 1,238.00
2015-09-30 5,480.00 290.00 1,288.00
2015-06-30 5,662.00 304.00 1,351.00
2015-03-31 5,719.00 313.00 1,368.00
2014-12-31 6,627.00 384.00 1,615.50
2014-09-30 6,373.00 374.00 1,566.50
2014-06-30 6,118.00 361.00 1,514.50
2014-03-31 6,089.00 363.00 1,501.50
2013-12-31 5,874.00 336.00 1,468.00
2013-09-30 5,787.00 347.00 1,436.00
2013-06-30 5,567.00 325.00 1,391.00
2013-03-31 5,403.00 318.00 1,350.00
2012-12-31 5,304.00 328.00 1,327.30

*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.
  • Whilst Addtech AB (publ.) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Addtech AB (publ.) used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Addtech AB (publ.)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Addtech AB (publ.)'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 Trade Distributors 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.
Addtech AB (publ.) 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.

AZZ1 Health

 How is Addtech AB (publ.)'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 Addtech AB (publ.)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Addtech AB (publ.) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Addtech AB (publ.)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Addtech AB (publ.)'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 1.4x 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 Addtech AB (publ.) Company Filings, last reported 1 month ago.

DB:AZZ1 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,627.00 2,801.00 258.00
2019-06-30 2,782.00 2,515.00 233.00
2019-03-31 2,520.00 1,996.00 295.00
2018-12-31 2,262.00 2,046.00 238.00
2018-09-30 2,150.00 2,199.00 246.00
2018-06-30 2,349.00 1,469.00 223.00
2018-03-31 2,131.00 1,369.00 192.00
2017-12-31 1,873.00 1,443.00 211.00
2017-09-30 1,759.00 1,301.00 166.00
2017-06-30 1,882.00 1,118.00 173.00
2017-03-31 1,741.00 979.00 178.00
2016-12-31 1,615.00 906.00 152.00
2016-09-30 1,545.00 961.00 128.00
2016-06-30 1,650.00 837.00 184.00
2016-03-31 1,514.00 762.00 140.00
2015-12-31 1,791.00 1,393.00 166.00
2015-09-30 1,700.00 1,360.00 122.00
2015-06-30 1,636.00 546.00 81.00
2015-03-31 1,539.00 593.00 83.00
2014-12-31 1,454.00 790.00 113.00
2014-09-30 1,373.00 960.00 96.00
2014-06-30 1,479.00 532.00 79.00
2014-03-31 1,349.00 594.00 69.00
2013-12-31 1,228.00 719.00 98.00
2013-09-30 1,156.00 721.00 76.00
2013-06-30 1,254.00 638.00 86.00
2013-03-31 1,113.00 597.00 72.00
2012-12-31 1,082.00 565.00 87.00
  • Addtech AB (publ.)'s level of debt (106.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (69.7% vs 106.6% today).
  • Debt is well covered by operating cash flow (32.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 36.2x coverage).
X
Financial health checks
We assess Addtech AB (publ.)'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. Addtech AB (publ.) 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.

AZZ1 Dividends

 What is Addtech AB (publ.)'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
1.91%
Current annual income from Addtech AB (publ.) dividends. Estimated to be 2.27% next year.
If you bought €2,000 of Addtech AB (publ.) shares you are expected to receive €38 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?
  • Addtech AB (publ.)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Addtech AB (publ.)'s dividend is below the markets top 25% of dividend payers in Germany (3.68%).
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:AZZ1 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 4 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:AZZ1 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 6.15 4.00
2021-03-31 5.88 4.00
2020-03-31 5.84 4.00
2019-11-18
DB:AZZ1 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-07-08 5.000 1.917
2019-05-15 5.000 1.861
2018-07-20 4.000 2.105
2017-07-21 3.500 1.978
2016-08-31 3.250 2.254
2015-08-27 3.250 2.703
2014-08-27 3.000 2.661
2013-08-29 2.667 2.603
2012-05-09 2.667 4.070
2011-08-23 2.333 4.445
2010-06-23 1.667 3.016
2010-05-06 1.667 4.062
2009-08-24 1.667 4.502

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 Addtech AB (publ.)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Addtech AB (publ.)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Addtech AB (publ.) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Addtech AB (publ.) has a total score of 5/6, see the detailed checks below.


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

AZZ1 Management

 What is the CEO of Addtech AB (publ.)'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
Niklas Stenberg
COMPENSATION SEK5,864,300
AGE 45
TENURE AS CEO 1.3 years
CEO Bio

Mr. Niklas Stenberg serves as President & CEO at Addtech AB (publ.) since August 30, 2018. He served as Business Area Manager of Power Solutions at Addtech AB (publ) since 2015 until April 1, 2019 and served as its Vice President. Mr. Stenberg has been with Addtech since 2010. He is a Lawyer and held various managerial positions at Bergman & Beving. From 2010 to 2015, he has held various senior positions within Addtech, such as Business Unit Manager and Managing Director of subsidiaries. From 2005 to 2010, he was employed in various positions within Bergman & Beving/ B&B Tools. He was a lawyer at Advokatfirman Delphi. He holds a law degree from Uppsala University.

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

Average tenure and age of the Addtech AB (publ.) management team in years:

1.7
Average Tenure
52.5
Average Age
  • The average tenure for the Addtech AB (publ.) management team is less than 2 years, this suggests a new team.
Management Team

Niklas Stenberg

TITLE
President & CEO
COMPENSATION
SEK6M
AGE
45
TENURE
1.3 yrs

Malin Enarson

TITLE
Chief Financial Officer
AGE
46
TENURE
1.5 yrs

Anders Claeson

TITLE
Executive Vice President
AGE
63
TENURE
1.9 yrs

Per Lundblad

TITLE
Business Area Manager Power Solutions

Martin Fassl

TITLE
President & Business Unit Manager of Addtech Components Sweden
AGE
59

Åsa Skarbrandt

TITLE
Business Area Controller of Components
TENURE
9.2 yrs

Claus Nielsen

TITLE
Business Area Manager Industrial Process
Board of Directors Tenure

Average tenure and age of the Addtech AB (publ.) board of directors in years:

7.3
Average Tenure
55
Average Age
  • The tenure for the Addtech AB (publ.) board of directors is about average.
Board of Directors

Anders Börjesson

TITLE
Chairman
COMPENSATION
SEK650K
AGE
71
TENURE
18.8 yrs

Malin Nordesjö

TITLE
Independent Director
COMPENSATION
SEK325K
AGE
43
TENURE
4.2 yrs

Johan Sjö

TITLE
Director
COMPENSATION
SEK12M
AGE
52
TENURE
11.8 yrs

Eva Elmstedt

TITLE
Independent Director
COMPENSATION
SEK325K
AGE
59
TENURE
14.8 yrs

Ulf Mattsson

TITLE
Independent Director
COMPENSATION
SEK325K
AGE
55
TENURE
7.3 yrs

Kenth Eriksson

TITLE
Independent Director
COMPENSATION
SEK325K
AGE
58
TENURE
3.8 yrs

Henrik Hedelius

TITLE
Independent Director
COMPENSATION
SEK325K
AGE
53
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • Addtech AB (publ.) individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Oct 19 Sell Johan Sjö Individual 25. Oct 19 25. Oct 19 -10,185 €26.55 €-270,361
28. Oct 19 Sell Anders Claeson Individual 25. Oct 19 28. Oct 19 -90,610 €26.81 €-2,403,250
22. Sep 19 Sell Johan Sjö Individual 19. Sep 19 19. Sep 19 -3,165 €25.26 €-79,945
10. Jun 19 Buy Hans Andersén Individual 10. Jun 19 10. Jun 19 1,788 €24.66 €44,094
06. Jun 19 Sell Johan Sjö Individual 05. Jun 19 05. Jun 19 -19,454 €24.63 €-479,232
01. Jun 19 Sell Johan Sjö Individual 31. May 19 31. May 19 -10,546 €23.85 €-251,552
29. May 19 Sell Patrik Klerck Individual 28. May 19 28. May 19 -8,750 €24.31 €-212,689
21. May 19 Sell Anders Claeson Individual 20. May 19 21. May 19 -50,000 €24.77 €-1,233,193
19. Mar 19 Sell Patrik Klerck Individual 19. Mar 19 19. Mar 19 -1,300 €19.35 €-25,153
14. Mar 19 Sell Patrik Klerck Individual 12. Mar 19 13. Mar 19 -9,770 €18.61 €-181,719
02. Mar 19 Sell Johan Sjö Individual 28. Feb 19 28. Feb 19 -20,000 €18.81 €-376,139
23. Feb 19 Sell Johan Sjö Individual 22. Feb 19 22. Feb 19 -24,821 €18.46 €-458,083
10. Feb 19 Sell Johan Sjö Individual 08. Feb 19 08. Feb 19 -13,179 €18.09 €-238,383
X
Management checks
We assess Addtech AB (publ.)'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. Addtech AB (publ.) 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.

AZZ1 News

Simply Wall St News

AZZ1 Company Info

Description

Addtech AB (publ.) operates as a technology trading company in Sweden, Denmark, Finland, Norway, and internationally. The company’s Automation business markets and sells intelligent solutions, subsystems, and com¬ponents to industrial automation and infrastructure, including solutions for robotics, control systems, sensors, industrial networks, and communication networks. Its Components business markets and sells components and sub-systems in mechanics, electro-mechanics, hydraulics, and electronics. The company’s Energy business markets and sells electricity transmission and distribution products, and products in electrical safety, electrical installation, and connection technology primarily for the energy and electrical installation market through specifiers and electricity wholesalers. Its Industrial Process business markets and sells solutions, sub-systems, and components for the manufacturing and processing industries. The company’s Power Solutions business develops, markets, and sells components and system solutions that enables power supply, as well as operates and controls movements or energy flows, such as battery solutions and products used in the interaction between humans and machines. Its Power Solutions business serves customers in the fields of special vehicles, telecoms, environmental technology, and medical technology. The company was founded in 1906 and is headquartered in Stockholm, Sweden.

Details
Name: Addtech AB (publ.)
AZZ1
Exchange: DB
Founded: 1906
SEK1,649,421,448
67,086,078
Website: http://www.addtech.se
Address: Addtech AB (publ.)
Box 5112,
Stockholm,
Stockholm County, 102 43,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ADDT B Class B Shares OMX Nordic Exchange Stockholm SE SEK 03. Sep 2001
DB AZZ1 Class B Shares Deutsche Boerse AG DE EUR 03. Sep 2001
LSE 0QI7 Class B Shares London Stock Exchange GB SEK 03. Sep 2001
BATS-CHIXE ADDTBs Class B Shares BATS 'Chi-X Europe' GB SEK 03. Sep 2001
Number of employees
Current staff
Staff numbers
2,941
Addtech AB (publ.) employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:32
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.