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Intrum

DB:IJU
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IJU
DB
SEK17B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Intrum AB (publ), together with its subsidiaries, provides credit management and financial services in Europe and internationally. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • Intrum has significant price volatility in the past 3 months.
IJU Share Price and Events
7 Day Returns
27.8%
DB:IJU
5.4%
DE Commercial Services
9.9%
DE Market
1 Year Returns
-52.8%
DB:IJU
-31.6%
DE Commercial Services
-17.5%
DE Market
IJU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Intrum (IJU) 27.8% -44.4% -54.9% -52.8% -66% -54.8%
DE Commercial Services 5.4% -21.4% -33.5% -31.6% -33.3% -43.3%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • IJU underperformed the Commercial Services industry which returned -31.6% over the past year.
  • IJU underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
IJU
Industry
5yr Volatility vs Market

IJU Value

 Is Intrum 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 Intrum 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 Intrum.

DB:IJU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
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:IJU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.607 (1 + (1- 22%) (308.72%))
1.716
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.72
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.716 * 5.44%)
8.94%

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

The calculations below outline how an intrinsic value for Intrum 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:IJU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 8.94%)
2020 11,695.00 Analyst x1 10,735.00
2021 12,366.00 Analyst x1 10,419.17
2022 12,795.97 Est @ 3.48% 9,896.44
2023 13,092.44 Est @ 2.32% 9,294.56
2024 13,289.47 Est @ 1.5% 8,659.99
2025 13,413.91 Est @ 0.94% 8,023.56
2026 13,486.14 Est @ 0.54% 7,404.60
2027 13,521.19 Est @ 0.26% 6,814.45
2028 13,529.98 Est @ 0.06% 6,259.14
2029 13,520.30 Est @ -0.07% 5,741.24
Present value of next 10 years cash flows SEK83,248.00
DB:IJU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK13,520.30 × (1 + -0.39%) ÷ (8.94% – -0.39%)
SEK144,305.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK144,305.56 ÷ (1 + 8.94%)10
SEK61,277.74
DB:IJU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK83,248.00 + SEK61,277.74
SEK144,525.74
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK144,525.74 / 130.94
SEK1103.74
DB:IJU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IJU represents 0.08961x of OM:INTRUM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08961x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 1,103.74 x 0.08961
€98.91
Value per share (EUR) From above. €98.91
Current discount Discount to share price of €11.86
= -1 x (€11.86 - €98.91) / €98.91
88%

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

Current Discount
Amount off the current price Intrum is available for.
Intrinsic value
>50%
Share price is €11.86 vs Future cash flow value of €98.91
Current Discount Checks
For Intrum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Intrum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Intrum'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 Intrum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Intrum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IJU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK-2.76
OM:INTRUM Share Price ** OM (2020-03-31) in SEK SEK132.35
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 95.54x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Intrum.

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

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

= 132.35 ÷ -2.76

-47.92x

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

  • Intrum is loss making, we can't compare its value to the DE Commercial Services industry average.
  • Intrum is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Intrum's expected growth come at a high price?
Raw Data
DB:IJU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -47.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
50.7%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.06x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 Intrum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Intrum's assets?
Raw Data
DB:IJU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK168.12
OM:INTRUM Share Price * OM (2020-03-31) in SEK SEK132.35
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.48x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:IJU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 132.35 ÷ 168.12

0.79x

* Primary Listing of Intrum.

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

  • Intrum is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Intrum'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Intrum has a total score of 3/6, 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.

IJU Future Performance

 How is Intrum expected to perform in the next 1 to 3 years based on estimates from 3 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
50.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Intrum expected to grow at an attractive rate?
  • Intrum's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Intrum's earnings growth is expected to exceed the Germany market average.
  • Intrum's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IJU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IJU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 50.7%
DB:IJU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.6%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 22%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
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:IJU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IJU Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 20,583 4,415 2
2021-12-31 19,931 11,050 4,032 3
2020-12-31 18,220 10,362 4,358 3
2020-03-31
DB:IJU Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 15,985 6,392 -362
2019-09-30 14,839 6,368 2,567
2019-06-30 14,233 6,276 2,406
2019-03-31 14,079 6,058 2,287
2018-12-31 13,442 6,167 2,009
2018-09-30 13,026 5,954 1,895
2018-06-30 12,832 6,726 2,081
2018-03-31 10,998 5,748 1,476
2017-12-31 9,434 4,994 1,364
2017-09-30 7,991 4,505 1,433
2017-06-30 6,438 3,358 1,213
2017-03-31 6,063 3,352 1,454

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Intrum's earnings are expected to grow significantly at over 20% yearly.
  • Intrum's revenue is expected to grow by 8.6% 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:IJU 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 3 Analyst Estimates (S&P Global) See Below

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

DB:IJU Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 32.81 33.72 31.91 2.00
2021-12-31 31.34 34.02 27.56 3.00
2020-12-31 27.85 33.28 18.94 3.00
2020-03-31
DB:IJU Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 -2.76
2019-09-30 19.57
2019-06-30 18.33
2019-03-31 17.41
2018-12-31 15.29
2018-09-30 14.41
2018-06-30 15.80
2018-03-31 12.56
2017-12-31 13.28
2017-09-30 16.32
2017-06-30 16.65
2017-03-31 20.10

*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.
  • Intrum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Intrum'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.
Intrum has a total score of 4/6, 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.

IJU Past Performance

  How has Intrum 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 Intrum's growth in the last year to its industry (Commercial 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.
  • Intrum does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Intrum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Intrum's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Intrum'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 Intrum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IJU 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 15,985.00 -362.00 1,763.00
2019-09-30 14,839.00 2,567.00 2,416.00
2019-06-30 14,233.00 2,406.00 2,374.00
2019-03-31 14,079.00 2,287.00 2,254.00
2018-12-31 13,442.00 2,009.00 2,201.00
2018-09-30 13,026.00 1,895.00 1,775.00
2018-06-30 12,832.00 2,081.00 1,808.00
2018-03-31 10,998.00 1,476.00 1,857.00
2017-12-31 9,434.00 1,364.00 1,667.00
2017-09-30 7,991.00 1,433.00 1,331.00
2017-06-30 6,438.00 1,213.00 1,116.00
2017-03-31 6,063.00 1,454.00 903.00
2016-12-31 5,869.00 1,417.00 861.00
2016-09-30 5,607.00 1,273.00 878.00
2016-06-30 5,560.00 1,239.00 864.00
2016-03-31 5,615.00 1,222.00 872.00
2015-12-31 5,628.00 1,164.00 913.00
2015-09-30 5,602.00 1,179.00 912.00
2015-06-30 5,525.00 1,160.00 902.00
2015-03-31 5,350.00 1,088.00 888.00
2014-12-31 5,184.00 1,031.00 847.00
2014-09-30 5,045.00 979.00 774.00
2014-06-30 4,871.00 890.00 742.00
2014-03-31 4,722.00 846.00 725.00
2013-12-31 4,566.00 817.00 695.00
2013-09-30 4,389.00 756.00 697.00
2013-06-30 4,255.00 711.00 697.00

*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.
  • It is difficult to establish if Intrum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Intrum used its assets less efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • It is difficult to establish if Intrum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Intrum'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 Commercial 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.
Intrum has a total score of 0/6, 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.

IJU Health

 How is Intrum'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 Intrum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Intrum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Intrum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Intrum'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.
  • Debt is not covered by short term assets, assets are 0.2x 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 Intrum Company Filings, last reported 3 months ago.

DB:IJU Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 24,893.00 50,624.00 1,906.00
2019-09-30 27,749.00 49,152.00 4,438.00
2019-06-30 26,814.00 45,941.00 1,237.00
2019-03-31 26,644.00 42,555.00 1,333.00
2018-12-31 25,672.00 43,207.00 1,315.00
2018-09-30 23,326.00 35,954.00 1,450.00
2018-06-30 23,150.00 36,040.00 968.00
2018-03-31 23,632.00 34,551.00 2,583.00
2017-12-31 22,439.00 38,024.00 857.00
2017-09-30 21,899.00 34,799.00 677.00
2017-06-30 21,198.00 35,410.00 1,335.00
2017-03-31 4,477.00 8,883.00 318.00
2016-12-31 4,130.00 7,483.00 378.00
2016-09-30 3,673.00 7,204.00 339.00
2016-06-30 3,248.00 7,314.00 557.00
2016-03-31 3,457.00 6,482.00 194.00
2015-12-31 3,166.00 6,116.00 248.00
2015-09-30 3,077.00 5,874.00 201.00
2015-06-30 2,844.00 6,356.00 261.00
2015-03-31 3,179.00 5,838.00 203.00
2014-12-31 3,041.00 5,771.00 237.00
2014-09-30 3,036.00 5,369.00 259.00
2014-06-30 2,982.00 5,550.00 229.00
2014-03-31 3,275.00 4,869.00 315.00
2013-12-31 3,316.00 4,552.00 319.00
2013-09-30 3,003.00 4,628.00 238.00
2013-06-30 2,980.00 4,591.00 395.00
  • Intrum's level of debt (203.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (188% vs 203.4% today).
  • Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).
  • Intrum is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Intrum'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. Intrum has a total score of 0/6, 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.

IJU Dividends

 What is Intrum'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
8.31%
Current annual income from Intrum dividends. Estimated to be 11.58% next year.
If you bought €2,000 of Intrum shares you are expected to receive €166 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?
  • Intrum's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Intrum's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Intrum 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:IJU 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 3 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:IJU Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 17.23 2.00
2021-12-31 15.77 3.00
2020-12-31 13.60 3.00
2020-03-31
DB:IJU Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-04 11.000 5.854
2019-04-04 9.500 3.799
2018-04-04 9.500 4.079
2017-06-29 9.000 3.251
2016-04-20 8.250 2.807
2015-04-22 7.000 2.529
2014-04-23 5.750 2.662
2013-04-25 5.000 3.038
2012-04-25 4.500 4.450
2011-03-31 4.100 4.205
2010-03-01 3.750 4.284
2010-02-03 3.750 4.137

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 Intrum's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Intrum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Intrum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Intrum 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.

IJU Management

 What is the CEO of Intrum'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
Mikael Ericson
COMPENSATION SEK13,131,000
AGE 59
TENURE AS CEO 4 years
CEO Bio

Mr. Mikael Ericson has been Chief Executive Officer and President of Lindorff Group AB since June 2017. Mr. Ericson has been the Chief Executive Officer and President of Intrum Justitia AB since March 1, 2016. Mr. Ericson served as Head of Capital Markets and Head of International Banking at Danske Bank A/S since June 2012 until March 2014 and since March 2014 until January 2016 respectively. He served as the Head of Corporate & Institutional Banking at Danske Bank A/S since October 1, 2010 until June 2012 and served as its Managing Director. Mr. Ericson served as an Acting Head of Business Area Asset Management and Head of Wealth Management at D Carnegie & Co. AB since April 2008. Mr. Ericson served as the Chief Executive Officer of Carnegie Bank A/S. He served as the President of D Carnegie & Co. AB since 2008 and also served as its Chief Executive Officer since April 2008. Mr. Ericson served as the Chief Executive Officer and President of Carnegie Investment Bank AB until February 11, 2009. He served as an Executive Vice President at Svenska Handelsbanken AB (publ) since 2006 and served as its Head of Handelsbanken Capital Markets since 2003. Previously, from 1995 to 2002, Mr. Ericson served in various executive positions within Handelsbanken in Stockholm and London. From 1987 to 1993, he worked as a Trader in Fixed-Income Instruments at Carnegie and served as Chairman of the Swedish Association of Stockbrokers since 2006. He serves as Director of E. Öhman J:or AB. He served as a Director of Sampo Bank plc from October 1, 2010 to 2012. He serves as a Member of the Supervisory Council of ZAO Svenska Handelsbanken. Mr. Ericson served as a Director of Burgundy AB. He served as Director of Danske Bank Oyj since October 1, 2010 until June 2012. He holds B.Sc. (Econ.) and M.Sc. (Econ.) from Stockholms universitet.

CEO Compensation
  • Mikael's compensation has increased whilst company is loss making.
  • Mikael's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

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

2
Average Tenure
49
Average Age
  • The tenure for the Intrum management team is about average.
Management Team

Mikael Ericson

TITLE
CEO & President
COMPENSATION
SEK13M
AGE
59
TENURE
4 yrs

Anders Engdahl

TITLE
Chief Financial Officer
AGE
45
TENURE
0.8 yrs

Harry Vranjes

TITLE
Chief Operating Officer
AGE
49
TENURE
0.2 yrs

Javier Aranguren

TITLE
Chief Investment Officer
AGE
43

Johan Brodin

TITLE
Chief Technology Officer
AGE
51

Viktor Lindeberg

TITLE
Head of Investor Relations
TENURE
0.7 yrs

Niklas Lundquist

TITLE
Chief Legal Officer
AGE
49
TENURE
2.7 yrs

Anna Fall

TITLE
Chief Brand & Communications Officer
AGE
50
TENURE
1.4 yrs

Jean-Luc Ferraton

TITLE
Chief Human Resources Officer
AGE
46
TENURE
7.8 yrs

Mats Gustafsson

TITLE
Acting Regional Managing Director of Scandinavia and Director of Group Business Development
TENURE
11.4 yrs
Board of Directors Tenure

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

2.7
Average Tenure
54
Average Age
  • The average tenure for the Intrum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Per Larsson

TITLE
Chairman
COMPENSATION
SEK1M
AGE
58
TENURE
3.2 yrs

Magnus Yngen

TITLE
Deputy Chairman
COMPENSATION
SEK700K
AGE
61
TENURE
2.7 yrs

Ragnhild Wiborg

TITLE
Independent Director
COMPENSATION
SEK800K
AGE
58
TENURE
4.8 yrs

Erik Näsvik

TITLE
Director
COMPENSATION
SEK600K
AGE
44
TENURE
3.2 yrs

Kristoffer Melinder

TITLE
Director
COMPENSATION
SEK600K
AGE
48
TENURE
2.7 yrs

Magdalena Persson

TITLE
Independent Director
COMPENSATION
SEK600K
AGE
48
TENURE
1.8 yrs

Hans Torsten Larsson

TITLE
Independent Director
COMPENSATION
SEK750K
AGE
58
TENURE
2.7 yrs

Liv Fiksdahl

TITLE
Director
AGE
54
TENURE
0.8 yrs

Andrés Rubio

TITLE
Director
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Sep 19 Sell Mikael Ericson Individual 17. Sep 19 17. Sep 19 -1,000 €23.43 €-23,429
19. Sep 19 Buy Mikael Ericson Individual 17. Sep 19 17. Sep 19 500 €23.54 €11,770
03. May 19 Buy Anders Engdahl Individual 02. May 19 02. May 19 4,000 €22.73 €90,904
03. May 19 Buy Mikael Ericson Individual 03. May 19 03. May 19 2,000 €22.94 €45,873
X
Management checks
We assess Intrum'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. Intrum 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.

IJU News

Simply Wall St News

IJU Company Info

Description

Intrum AB (publ), together with its subsidiaries, provides credit management and financial services in Europe and internationally. The company offers credit optimization services, including credit monitoring, credit decision, factoring, and credit information services; and debt collection, surveillance, and purchase services. It also provides payment services, such as reminder, payment guarantee, and VAT services; e-commerce services comprising credit management, payment solutions, and collection services; and accounts receivables services that include invoicing, payment booking, monitoring of due dates, reminder, and collection services; and factoring and portfolio investments. The company was formerly known as Intrum Justitia AB (publ). Intrum AB (publ) is headquartered in Stockholm, Sweden.

Details
Name: Intrum AB (publ)
IJU
Exchange: DB
Founded: 1923
SEK1,529,289,510
130,941,320
Website: http://www.intrum.com
Address: Intrum AB (publ)
Hesselmans Torg 14,
Nacka,
Stockholm,
Stockholm County, 105 24,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM INTRUM Share Capital OMX Nordic Exchange Stockholm SE SEK 07. Jun 2002
DB IJU Share Capital Deutsche Boerse AG DE EUR 07. Jun 2002
LSE 0H9P Share Capital London Stock Exchange GB SEK 07. Jun 2002
OTCPK ITJT.Y UNSPONSORED ADR Pink Sheets LLC US USD 28. Mar 2013
Number of employees
Current staff
Staff numbers
10,000
Intrum employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:10
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/04
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.