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Semcon

BST:SZV
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SZV
BST
SEK1B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Semcon AB (publ) operates as a technology company in the fields of engineering services and product information in Sweden, the United Kingdom, Norway, and internationally. The last earnings update was 47 days ago. More info.


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  • Semcon has significant price volatility in the past 3 months.
SZV Share Price and Events
7 Day Returns
-1.6%
BST:SZV
0%
Europe Professional Services
1%
DE Market
1 Year Returns
38.9%
BST:SZV
21.8%
Europe Professional Services
16.4%
DE Market
SZV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Semcon (SZV) -1.6% 14% 36.4% 38.9% 36.4% 19.6%
Europe Professional Services 0% 1.8% 3.3% 21.8% 37.1% 71.4%
DE Market 1% -0.4% 6.5% 16.4% 9.3% 21.7%
1 Year Return vs Industry and Market
  • SZV outperformed the Professional Services industry which returned 21.8% over the past year.
  • SZV outperformed the Market in Germany which returned 16.4% over the past year.
Price Volatility
SZV
Industry
5yr Volatility vs Market

SZV Value

 Is Semcon 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 Semcon 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 Semcon.

BST:SZV 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 4.7%
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 BST:SZV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.833 (1 + (1- 22%) (10.81%))
0.935
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.935 * 5.44%)
4.7%

Discounted Cash Flow Calculation for BST:SZV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Semcon 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.

BST:SZV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 4.7%)
2020 138.00 Analyst x1 131.81
2021 145.00 Analyst x1 132.28
2022 148.65 Est @ 2.51% 129.52
2023 151.09 Est @ 1.64% 125.74
2024 152.65 Est @ 1.03% 121.34
2025 153.58 Est @ 0.61% 116.59
2026 154.05 Est @ 0.31% 111.70
2027 154.20 Est @ 0.1% 106.80
2028 154.13 Est @ -0.05% 101.95
2029 153.89 Est @ -0.15% 97.23
Present value of next 10 years cash flows SEK1,174.00
BST:SZV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK153.89 × (1 + -0.39%) ÷ (4.7% – -0.39%)
SEK3,012.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,012.42 ÷ (1 + 4.7%)10
SEK1,903.28
BST:SZV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,174.00 + SEK1,903.28
SEK3,077.28
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,077.28 / 17.36
SEK177.28
BST:SZV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:SZV represents 0.09235x of OM:SEMC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09235x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 177.28 x 0.09235
€16.37
Value per share (EUR) From above. €16.37
Current discount Discount to share price of €6.28
= -1 x (€6.28 - €16.37) / €16.37
61.6%

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

Current Discount
Amount off the current price Semcon is available for.
Intrinsic value
>50%
Share price is €6.28 vs Future cash flow value of €16.37
Current Discount Checks
For Semcon to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Semcon's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Semcon'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 Semcon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Semcon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:SZV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK5.85
OM:SEMC Share Price ** OM (2019-12-10) in SEK SEK68
Europe Professional Services Industry PE Ratio Median Figure of 94 Publicly-Listed Professional Services Companies 20.26x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.93x

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

** Primary Listing of Semcon.

BST:SZV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 68 ÷ 5.85

11.63x

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

  • Semcon is good value based on earnings compared to the Europe Professional Services industry average.
  • Semcon is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Semcon's expected growth come at a high price?
Raw Data
BST:SZV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
13%per year
Europe Professional Services Industry PEG Ratio Median Figure of 58 Publicly-Listed Professional Services Companies 1.36x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

BST:SZV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.63x ÷ 13%

0.89x

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

  • Semcon is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Semcon's assets?
Raw Data
BST:SZV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK33.62
OM:SEMC Share Price * OM (2019-12-10) in SEK SEK68
Europe Professional Services Industry PB Ratio Median Figure of 124 Publicly-Listed Professional Services Companies 2.26x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
BST:SZV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 68 ÷ 33.62

2.02x

* Primary Listing of Semcon.

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

  • Semcon is good value based on assets compared to the Europe Professional Services industry average.
X
Value checks
We assess Semcon'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Semcon 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.

SZV Future Performance

 How is Semcon 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
13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Semcon expected to grow at an attractive rate?
  • Semcon's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Semcon's earnings growth is positive but not above the Germany market average.
  • Semcon's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:SZV Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:SZV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 13%
BST:SZV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.5%
Europe Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
BST:SZV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
BST:SZV Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,058 171 134 1
2020-12-31 1,997 163 120 1
2019-12-31 1,892 145 102 1
2019-12-10
BST:SZV Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 1,859 143 102
2019-06-30 1,854 90 92
2019-03-31 1,857 74 96
2018-12-31 1,842 111 94
2018-09-30 1,826 90 88
2018-06-30 1,788 53 81
2018-03-31 1,756 56 73
2017-12-31 1,762 38 72
2017-09-30 1,756 67 65
2017-06-30 1,771 146 71
2017-03-31 1,797 99 82
2016-12-31 1,756 33 68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Semcon's earnings are expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
  • Semcon's revenue is expected to grow by 4.5% 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
BST:SZV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Semcon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SZV Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 7.43 7.43 7.43 1.00
2020-12-31 6.68 6.68 6.68 1.00
2019-12-31 5.65 5.65 5.65 1.00
2019-12-10
BST:SZV Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 5.85
2019-06-30 5.28
2019-03-31 5.47
2018-12-31 5.34
2018-09-30 4.99
2018-06-30 4.54
2018-03-31 4.07
2017-12-31 4.05
2017-09-30 3.66
2017-06-30 3.98
2017-03-31 4.59
2016-12-31 3.81

*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 Semcon will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Semcon'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 Europe 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.
Semcon 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.

SZV Past Performance

  How has Semcon 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 Semcon's growth in the last year to its industry (Professional Services).
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.
  • Semcon's year on year earnings growth rate has been positive over the past 5 years.
  • Semcon's 1-year earnings growth exceeds its 5-year average (16.5% vs 11.9%)
  • Semcon's earnings growth has exceeded the Europe Professional Services industry average in the past year (16.5% vs 8.8%).
Earnings and Revenue History
Semcon'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 Semcon Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SZV 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 1,859.10 102.30 110.00
2019-06-30 1,853.80 92.30 118.60
2019-03-31 1,857.00 96.10 134.40
2018-12-31 1,842.20 94.00 144.40
2018-09-30 1,825.80 87.80 144.70
2018-06-30 1,788.40 80.70 144.00
2018-03-31 1,755.90 72.60 144.70
2017-12-31 1,762.40 72.40 146.20
2017-09-30 1,755.60 65.40 138.90
2017-06-30 1,770.80 71.20 139.20
2017-03-31 1,797.20 82.10 140.50
2016-12-31 1,755.90 68.00 137.50
2016-09-30 1,025.80 77.80 59.00
2016-06-30 1,253.90 74.80 85.60
2016-03-31 1,413.00 34.40 107.40
2015-12-31 1,656.60 42.80 133.80
2015-09-30 2,651.10 34.30 242.90
2015-06-30 2,652.50 47.90 239.90
2015-03-31 2,698.80 70.50 243.80
2014-12-31 2,725.70 75.40 239.60
2014-09-30 2,648.80 68.80 240.20
2014-06-30 2,628.50 71.90 242.50
2014-03-31 2,586.50 92.60 231.90
2013-12-31 2,508.40 88.10 230.50
2013-09-30 2,525.30 119.10 232.50
2013-06-30 2,506.30 116.70 229.50
2013-03-31 2,511.40 116.00 228.80
2012-12-31 2,570.90 141.20 232.70

*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.
  • Semcon has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Semcon used its assets more efficiently than the Europe Professional Services industry average last year based on Return on Assets.
  • Semcon has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Semcon'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 Professional Services 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.
Semcon has a total score of 5/6, 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.

SZV Health

 How is Semcon'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 Semcon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Semcon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Semcon's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Semcon'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.
  • Low level of unsold assets.
  • Semcon has no debt, it does not need to be covered by short term assets.
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 Semcon Company Filings, last reported 2 months ago.

BST:SZV Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 583.50 0.00 71.60
2019-06-30 563.00 0.00 31.30
2019-03-31 603.30 0.00 61.20
2018-12-31 566.90 0.00 43.50
2018-09-30 537.50 0.00 32.80
2018-06-30 534.60 3.50 40.50
2018-03-31 582.50 0.00 139.60
2017-12-31 556.60 0.00 80.90
2017-09-30 528.50 0.00 87.80
2017-06-30 524.40 27.40 149.20
2017-03-31 560.50 27.40 173.20
2016-12-31 529.40 131.30 39.90
2016-09-30 638.30 116.00 55.70
2016-06-30 621.90 145.10 46.80
2016-03-31 619.30 92.50 43.60
2015-12-31 604.40 136.10 126.10
2015-09-30 616.90 189.20 43.10
2015-06-30 612.80 186.40 54.90
2015-03-31 686.70 102.20 93.10
2014-12-31 662.50 97.80 152.30
2014-09-30 648.40 132.90 76.20
2014-06-30 626.40 117.00 61.40
2014-03-31 665.70 48.50 50.90
2013-12-31 633.40 94.70 153.30
2013-09-30 615.80 105.90 79.50
2013-06-30 592.00 147.50 70.20
2013-03-31 599.30 90.60 54.90
2012-12-31 579.10 129.20 115.60
  • Semcon has no debt.
  • Semcon has no debt compared to 5 years ago when it was 20.4%.
  • Semcon has no debt, it does not need to be covered by operating cash flow.
  • Semcon has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Semcon'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. Semcon has a total score of 6/6, 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.

SZV Dividends

 What is Semcon'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
4.41%
Current annual income from Semcon dividends. Estimated to be 4.61% next year.
If you bought €2,000 of Semcon shares you are expected to receive €88 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?
  • Semcon's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.37%).
  • Semcon's dividend is above the markets top 25% of dividend payers in Germany (3.59%).
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
BST:SZV 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
Europe Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 76 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

BST:SZV Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.20 1.00
2020-12-31 3.20 1.00
2019-12-31 3.00 1.00
2019-12-10
BST:SZV Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-18 3.000 5.280
2018-03-20 2.500 4.641
2017-03-21 2.250 4.153
2016-03-23 1.250 2.803
2015-04-28 2.500 5.902
2014-02-06 2.500 4.268
2013-02-07 2.000 3.079

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

  • Semcon has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Semcon only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Semcon's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Semcon's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Semcon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Semcon 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.

SZV Management

 What is the CEO of Semcon'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
Markus Granlund
AGE 44
TENURE AS CEO 7.7 years
CEO Bio

Mr. Markus Granlund has been a Director at Alecta pensionsförsäkring, ömsesidigt since 2019. He has been the Chief Executive Officer and President of Semcon AB (also know as Compliant Logistics AB) April 26, 2012 and served as its Business Area President of Engineering Services since April 2017. Mr. Granlund served as Business Area President of Engineering Services - International. Mr. Granlund served as President of Engineering Services International at Semcon AB until April 1, 2017. He served as President of Business Area Engineering Services International at Semcon AB since November 30, 2015. He served as Acting President of Design & Development at Semcon AB since February 2012. Mr. Granlund joined Semcon AB in 2008 and served as General Counsel since 2008. Mr. Granlund served as Vice President of Business Development at Semcon AB and served as its Executive Vice President since 2011 until April 26, 2012. He serves as Chairman of the Swedish Federation of Consulting Engineers and Architects. He serves as a Board member of Almega the Employers' Organisation for the Swedish Service Sector and the Confederation of Swedish Enterprise. He holds a Master of Law from Lund University, Master of International Trade Law from Bond University, Australia.

CEO Compensation
  • Insufficient data for Markus to compare compensation growth.
  • Insufficient data for Markus to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Semcon management team in years:

7.5
Average Tenure
47.5
Average Age
  • The average tenure for the Semcon management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Markus Granlund

TITLE
President & CEO
AGE
44
TENURE
7.7 yrs

Björn Strömberg

TITLE
Chief Financial Officer
AGE
59
TENURE
12.3 yrs

Sofia Lindqvist

TITLE
Investor relations Manager

Carin Wiberg

TITLE
General Counsel
AGE
41
TENURE
7.5 yrs

Per Nilsson

TITLE
Director of Corporate Communications & Marketing
AGE
44
TENURE
4.3 yrs

Karin Russberg

TITLE
Director of HR & Sustainability
AGE
50
TENURE
2.3 yrs

Johan Ekener

TITLE
Business Area President of Product Information
AGE
55
TENURE
15.9 yrs

Mats Sällberg

TITLE
VP & Employee Representative Director
AGE
52

Karin Eklund

TITLE
Head of User Experience

Daniel Rundgren

TITLE
President of Engineering & Digital Services
AGE
45
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Semcon board of directors in years:

3.7
Average Tenure
53.5
Average Age
  • The tenure for the Semcon board of directors is about average.
Board of Directors

Tore Bertilsson

TITLE
Chairman
AGE
68
TENURE
3.7 yrs

Mats Sällberg

TITLE
VP & Employee Representative Director
AGE
52
TENURE
5.8 yrs

Christer Eriksson

TITLE
Employee Representative Director
AGE
50
TENURE
12.9 yrs

Karl Thedéen

TITLE
Independent Director
AGE
56
TENURE
3.7 yrs

Jeanette Reuterskiöld

TITLE
Independent Director
AGE
45
TENURE
3.7 yrs

Lars-Ove Jansson

TITLE
Employee Representative Director
AGE
55
TENURE
1.9 yrs

Carl Backman

TITLE
Independent Director
TENURE
0.7 yrs

Eva Elmstand

TITLE
Independent Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Semcon individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Nov 19 Sell Mats Sällberg Individual 22. Nov 19 22. Nov 19 -8,000 €6.22 €-49,730
02. Sep 19 Buy Tore Bertilsson Individual 30. Aug 19 30. Aug 19 5,000 €4.54 €22,692
30. Jul 19 Buy Carin Wiberg Individual 29. Jul 19 29. Jul 19 216 €5.08 €1,097
29. Jul 19 Buy Johan Ekener Individual 29. Jul 19 29. Jul 19 302 €5.08 €1,534
29. Jul 19 Buy Markus Granlund Individual 29. Jul 19 29. Jul 19 539 €5.08 €2,738
29. Jul 19 Buy Björn Strömberg Individual 29. Jul 19 29. Jul 19 359 €5.08 €1,824
24. Jul 19 Buy Johan Ekener Individual 23. Jul 19 23. Jul 19 526 €5.25 €2,760
24. Jul 19 Buy Markus Granlund Individual 23. Jul 19 23. Jul 19 956 €5.25 €5,017
23. Jul 19 Buy Carin Wiberg Individual 23. Jul 19 23. Jul 19 207 €5.25 €1,086
23. Jul 19 Buy Björn Strömberg Individual 23. Jul 19 23. Jul 19 315 €5.25 €1,653
14. May 19 Buy Markus Granlund Individual 13. May 19 13. May 19 969 €5.61 €5,433
14. May 19 Buy Carin Wiberg Individual 13. May 19 13. May 19 387 €5.61 €2,170
13. May 19 Buy Johan Ekener Individual 13. May 19 13. May 19 542 €5.61 €3,039
13. May 19 Buy Björn Strömberg Individual 13. May 19 13. May 19 646 €5.61 €3,622
06. May 19 Buy Johan Ekener Individual 03. May 19 03. May 19 732 €5.60 €4,098
03. May 19 Buy Markus Granlund Individual 03. May 19 03. May 19 1,329 €5.60 €7,441
03. May 19 Buy Carin Wiberg Individual 03. May 19 03. May 19 288 €5.60 €1,612
03. May 19 Buy Björn Strömberg Individual 03. May 19 03. May 19 438 €5.60 €2,452
26. Feb 19 Buy Johan Ekener Individual 26. Feb 19 26. Feb 19 730 €5.18 €3,779
26. Feb 19 Buy Markus Granlund Individual 26. Feb 19 26. Feb 19 1,304 €5.18 €6,750
26. Feb 19 Buy Carin Wiberg Individual 26. Feb 19 26. Feb 19 522 €5.18 €2,702
26. Feb 19 Buy Björn Strömberg Individual 26. Feb 19 26. Feb 19 869 €5.18 €4,499
22. Feb 19 Buy Markus Granlund Individual 21. Feb 19 21. Feb 19 1,926 €5.19 €9,992
22. Feb 19 Buy Johan Ekener Individual 21. Feb 19 21. Feb 19 1,061 €5.19 €5,504
X
Management checks
We assess Semcon'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. Semcon 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.

SZV News

Simply Wall St News

SZV Company Info

Description

Semcon AB (publ) operates as a technology company in the fields of engineering services and product information in Sweden, the United Kingdom, Norway, and internationally. The company operates through the Engineering Services and Product Information segments. It provides engineering services with in product development, plant engineering, and production development areas; and assist customers to develop products, systems, and plants providing solutions along the entire development chain, from studies to specific requirements to the finished product. In addition, the company offers product information solutions, including aftermarket product information, and information distribution and management solutions that support customers’ products throughout the product lifecycle for sales and marketing, installation, diagnostics, maintenance, repairs, and training material for service staff. It serves automotive, telecom, IT, industrial machinery and equipment, and energy sectors. Semcon AB (publ) was founded in 1980 and is headquartered in Gothenburg, Sweden.

Details
Name: Semcon AB (publ)
SZV
Exchange: BST
Founded: 1980
SEK112,008,398
17,358,118
Website: http://www.semcon.com
Address: Semcon AB (publ)
Lindholmsallén 2,
Gothenburg,
Västra Götaland County, 417 80,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SEMC Common Shares OMX Nordic Exchange Stockholm SE SEK 29. May 1997
BST SZV Common Shares Boerse-Stuttgart DE EUR 29. May 1997
LSE 0O9P Common Shares London Stock Exchange GB SEK 29. May 1997
BATS-CHIXE SEMCS Common Shares BATS 'Chi-X Europe' GB SEK 29. May 1997
Number of employees
Current staff
Staff numbers
2,235
Semcon employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 21:14
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/10/24
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.