Loading...

We've got a brand new version of Simply Wall St! Try it out

AB Electrolux

DB:ELX
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELX
DB
SEK73B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for professional use. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
ELX Share Price and Events
7 Day Returns
0.2%
DB:ELX
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
32.7%
DB:ELX
2.9%
DE Consumer Durables
8.8%
DE Market
ELX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AB Electrolux (ELX) 0.2% 4.3% 15.9% 32.7% 11.4% 3.9%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • ELX outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • ELX outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
ELX
Industry
5yr Volatility vs Market

Value

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

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

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

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

DB:ELX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:ELX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 22%) (20.15%))
0.962
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.962 * 5.96%)
5.96%

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

The calculations below outline how an intrinsic value for AB Electrolux 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:ELX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.96%)
2020 3,527.89 Analyst x9 3,329.50
2021 4,618.38 Analyst x8 4,113.55
2022 4,439.00 Analyst x1 3,731.44
2023 4,810.00 Analyst x1 3,815.93
2024 5,061.95 Est @ 5.24% 3,789.98
2025 5,251.01 Est @ 3.73% 3,710.44
2026 5,391.89 Est @ 2.68% 3,595.74
2027 5,496.84 Est @ 1.95% 3,459.58
2028 5,575.49 Est @ 1.43% 3,311.75
2029 5,635.15 Est @ 1.07% 3,158.96
Present value of next 10 years cash flows SEK36,016.00
DB:ELX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK5,635.15 × (1 + 0.23%) ÷ (5.96% – 0.23%)
SEK98,558.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK98,558.81 ÷ (1 + 5.96%)10
SEK55,250.21
DB:ELX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK36,016.00 + SEK55,250.21
SEK91,266.21
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK91,266.21 / 287.40
SEK317.56
DB:ELX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ELX represents 0.09354x of OM:ELUX B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09354x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 317.56 x 0.09354
€29.70
Value per share (EUR) From above. €29.70
Current discount Discount to share price of €23.89
= -1 x (€23.89 - €29.70) / €29.70
19.6%

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

Current Discount
Amount off the current price AB Electrolux is available for.
Intrinsic value
20%
Share price is €23.89 vs Future cash flow value of €29.7
Current Discount Checks
For AB Electrolux to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AB Electrolux's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • AB Electrolux's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AB Electrolux's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AB Electrolux's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ELX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK12.27
OM:ELUX B Share Price ** OM (2019-11-14) in SEK SEK255.4
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of AB Electrolux.

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

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

= 255.4 ÷ 12.27

20.82x

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

  • AB Electrolux is overvalued based on earnings compared to the DE Consumer Durables industry average.
  • AB Electrolux is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does AB Electrolux's expected growth come at a high price?
Raw Data
DB:ELX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
20.7%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.82x ÷ 20.7%

1x

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

  • AB Electrolux is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AB Electrolux's assets?
Raw Data
DB:ELX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK74.37
OM:ELUX B Share Price * OM (2019-11-14) in SEK SEK255.4
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:ELX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 255.4 ÷ 74.37

3.43x

* Primary Listing of AB Electrolux.

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

  • AB Electrolux is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess AB Electrolux'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. AB Electrolux 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.

Future Performance

 How is AB Electrolux expected to perform in the next 1 to 3 years based on estimates from 14 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
20.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AB Electrolux expected to grow at an attractive rate?
  • AB Electrolux's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AB Electrolux's earnings growth is expected to exceed the Germany market average.
  • AB Electrolux's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ELX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ELX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 20.7%
DB:ELX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.1%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
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
DB:ELX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ELX Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 141,482 7,074 1
2022-12-31 138,708 6,658 1
2021-12-31 135,626 11,957 5,982 13
2020-12-31 133,186 11,183 5,423 14
2019-12-31 130,073 8,258 3,289 11
2019-11-14
DB:ELX Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 128,342 8,229 3,525
2019-06-30 126,266 6,792 3,949
2019-03-31 125,933 8,156 3,333
2018-12-31 124,129 8,046 3,805
2018-09-30 122,283 6,883 4,232
2018-06-30 120,881 7,241 4,511
2018-03-31 120,476 8,390 5,284
2017-12-31 120,771 10,024 5,745
2017-09-30 120,335 9,374 5,016
2017-06-30 122,145 9,786 4,842
2017-03-31 121,180 9,865 4,631
2016-12-31 121,093 10,165 4,494

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AB Electrolux's earnings are expected to grow significantly at over 20% yearly.
  • AB Electrolux'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:ELX 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 14 Analyst Estimates (S&P Global) See Below

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

DB:ELX Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 20.76 22.67 19.43 9.00
2020-12-31 18.82 21.08 17.06 12.00
2019-12-31 11.42 11.91 10.79 9.00
2019-11-14
DB:ELX Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 12.27
2019-06-30 13.74
2019-03-31 11.60
2018-12-31 13.24
2018-09-30 14.73
2018-06-30 15.70
2018-03-31 18.39
2017-12-31 19.99
2017-09-30 17.45
2017-06-30 16.85
2017-03-31 16.11
2016-12-31 15.64

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AB Electrolux is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess AB Electrolux's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AB Electrolux 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.

Past Performance

  How has AB Electrolux performed over the past 5 years?

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

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

DB:ELX Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 128,342.00 3,525.00 19,471.00
2019-06-30 126,266.00 3,949.00 18,492.00
2019-03-31 125,933.00 3,333.00 18,437.00
2018-12-31 124,129.00 3,805.00 18,134.00
2018-09-30 122,283.00 4,232.00 18,113.00
2018-06-30 120,881.00 4,511.00 17,985.00
2018-03-31 120,476.00 5,284.00 18,239.00
2017-12-31 120,771.00 5,745.00 18,539.00
2017-09-30 120,335.00 5,016.00 18,889.00
2017-06-30 122,145.00 4,842.00 19,426.00
2017-03-31 121,180.00 4,631.00 19,301.00
2016-12-31 121,093.00 4,494.00 19,136.00
2016-09-30 120,743.00 2,827.00 18,819.00
2016-06-30 121,166.00 2,572.00 18,655.00
2016-03-31 122,538.00 2,102.00 18,670.00
2015-12-31 123,511.00 1,566.00 18,801.00
2015-09-30 123,117.00 2,929.00 18,351.00
2015-06-30 120,626.00 2,850.00 18,038.00
2015-03-31 115,601.00 2,149.00 17,622.00
2014-12-31 112,143.00 2,241.00 17,036.00
2014-09-30 109,634.00 285.00 17,134.00
2014-06-30 108,108.00 7.00 17,063.00
2014-03-31 109,452.00 741.00 17,161.00
2013-12-31 109,151.00 671.00 17,336.00
2013-09-30 109,445.00 1,899.00 17,514.00
2013-06-30 109,358.00 2,165.00 17,657.00
2013-03-31 109,447.00 2,222.00 17,602.00
2012-12-31 109,994.00 2,362.00 17,388.00

*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.
  • AB Electrolux has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AB Electrolux used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • AB Electrolux's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AB Electrolux'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 Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AB Electrolux has a total score of 1/6, see the detailed checks below.

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

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

Health

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

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

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AB Electrolux's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AB Electrolux's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AB Electrolux'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 5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from AB Electrolux Company Filings, last reported 1 month ago.

DB:ELX Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 21,385.00 11,426.00 9,814.00
2019-06-30 21,119.00 11,640.00 7,882.00
2019-03-31 22,777.00 11,362.00 9,311.00
2018-12-31 21,749.00 10,231.00 11,873.00
2018-09-30 20,686.00 10,313.00 11,052.00
2018-06-30 20,090.00 10,254.00 9,323.00
2018-03-31 21,747.00 9,852.00 8,436.00
2017-12-31 20,479.00 9,510.00 11,647.00
2017-09-30 18,366.00 9,780.00 11,244.00
2017-06-30 17,338.00 10,229.00 10,232.00
2017-03-31 16,702.00 9,831.00 7,745.00
2016-12-31 17,738.00 10,178.00 13,661.00
2016-09-30 15,744.00 10,129.00 11,239.00
2016-06-30 13,922.00 10,236.00 8,541.00
2016-03-31 13,969.00 12,978.00 9,497.00
2015-12-31 15,005.00 13,042.00 10,804.00
2015-09-30 15,877.00 13,019.00 10,656.00
2015-06-30 16,078.00 13,690.00 8,443.00
2015-03-31 15,501.00 14,010.00 8,331.00
2014-12-31 16,468.00 14,641.00 9,206.00
2014-09-30 15,305.00 14,228.00 7,715.00
2014-06-30 13,142.00 14,436.00 6,689.00
2014-03-31 12,380.00 14,858.00 6,124.00
2013-12-31 14,308.00 14,833.00 6,755.00
2013-09-30 15,279.00 14,175.00 5,127.00
2013-06-30 15,902.00 15,842.00 6,719.00
2013-03-31 14,429.00 16,713.00 7,235.00
2012-12-31 15,726.00 13,020.00 6,970.00
  • AB Electrolux's level of debt (53.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (92.9% vs 53.4% today).
  • Debt is well covered by operating cash flow (72%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.7x coverage).
X
Financial health checks
We assess AB Electrolux's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AB Electrolux 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.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.33%
Current annual income from AB Electrolux dividends. Estimated to be 3.57% next year.
If you bought €2,000 of AB Electrolux shares you are expected to receive €67 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AB Electrolux's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • AB Electrolux'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:ELX 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 14 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
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 1.4%
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:ELX Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 9.54 13.00
2020-12-31 9.12 14.00
2019-12-31 8.73 13.00
2019-11-14
DB:ELX Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-01 8.500 3.626
2018-02-27 8.300 3.951
2017-03-24 7.500 2.731
2016-02-26 6.500 2.936
2015-01-28 6.500 2.760
2014-03-27 6.500 3.537
2013-02-15 6.500 3.921
2012-02-17 6.500 4.248
2011-04-01 6.500 5.261
2010-03-31 4.000 2.367
2009-10-26 0.000 0.000
2009-07-16 0.000 0.000
2009-04-22 0.000 0.000
2009-02-04 0.000 0.000

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 AB Electrolux's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess AB Electrolux'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 AB Electrolux afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AB Electrolux 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.

Management

 What is the CEO of AB Electrolux'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
Jonas Samuelson
COMPENSATION SEK31,616,000
AGE 51
TENURE AS CEO 3.8 years
CEO Bio

Mr. Jonas Samuelson, M.Sc., Econ., has been a Director at Axel Johnson AB since 2018. Mr. Samuelson has been the Chief Executive Officer and President of AB Electrolux (publ) (Alternate Name: Electrolux AB) since February 1, 2016. Mr. Samuelson served as an Executive Vice President and Head of Major Appliances Europe, Middle East and Africa at AB Electrolux (publ) from September 2011 to February 1, 2016. He served as a Head of Global Operations - Major Appliances at AB Electrolux (publ) until September 2011. He served as the Chief Financial Officer of AB Electrolux (publ) from December 2008 to September 2011. He served as Chief Operations Officer of Major Appliances since 2011 and Chief Financial Officer of Major Appliances at AB Electrolux (publ) from 2008 to February 1, 2011. He served as an Acting Chief Executive Officer of Munters AB since June 1, 2006. Previously, Mr. Samuelson served as the Chief Financial Officer of Munters AB from December 15, 2005 to November 2008 and also served as its Executive Vice President from 2005 to 2008. He has experience in Business development and finance positions within General Motors USA from 1996 to 1999 and again from 2001 to ­2005 and Saab Automobile AB from 1993 to 1995 and again from 1999 to ­2001. Mr. Samuelson served as Treasurer and Director Commercial Finance and Business Support of Saab Automobile AB, from 1999 to 2001 and served in Senior management positions within controlling and finance in General Motors North America from 2001 to 2005. He served as an Executive Director of Vehicle Sales, Service & Marketing Finance of General Motors North America, based in Detroit. He has been a Director of Electrolux (NZ) Limited since 2016 and AB Electrolux (publ) since April 6, 2016. He serves as a Board Member of Polygon AB. Mr. Samuelson holds an M Sc in Business Administration and Economics from Gothenburg School of Economics and Business Administration.

CEO Compensation
  • Jonas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jonas's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

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

2.9
Average Tenure
52
Average Age
  • The tenure for the AB Electrolux management team is about average.
Management Team

Jonas Samuelson

TITLE
President
COMPENSATION
SEK32M
AGE
51
TENURE
3.8 yrs

Therese Friberg

TITLE
Chief Financial Officer
AGE
44
TENURE
1.1 yrs

Jan Brockmann

TITLE
Executive VP & COO
AGE
53
TENURE
4.7 yrs

J. Iversen

TITLE
Chief Information Officer
TENURE
2.9 yrs

Sophie Arnius

TITLE
Head of Investor Relations
TENURE
1.8 yrs

Mikael Östman

TITLE
Senior VP
AGE
52
TENURE
2.9 yrs

Lars Petersen

TITLE
Senior VP and Head of HR & Communications
AGE
61

Anna Ohlsson-Leijon

TITLE
Executive VP & Head of Major Appliances - Europe
AGE
51
TENURE
1.1 yrs

Alberto Zanata

TITLE
Executive VP & Head of Professional Products
AGE
59
TENURE
10.4 yrs

Greg Letort

TITLE
Senior Vice President of Wine Appliances
TENURE
8 yrs
Board of Directors Tenure

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

3.6
Average Tenure
57
Average Age
  • The tenure for the AB Electrolux board of directors is about average.
Board of Directors

Staffan Bohman

TITLE
Chairman
COMPENSATION
SEK2M
AGE
70
TENURE
1.6 yrs

Jonas Samuelson

TITLE
President
COMPENSATION
SEK32M
AGE
51
TENURE
3.6 yrs

Petra Hedengran

TITLE
Director
COMPENSATION
SEK942K
AGE
55
TENURE
5.7 yrs

Ulla Litzén

TITLE
Independent Director
COMPENSATION
SEK938K
AGE
63
TENURE
3.6 yrs

Ulf Carlsson

TITLE
Employee Representative Director
AGE
61
TENURE
18.8 yrs

Hasse Johansson

TITLE
Independent Director
COMPENSATION
SEK775K
AGE
70
TENURE
11.6 yrs

Viveca Brinkenfeldt-Lever

TITLE
Employee Representative Director
AGE
59
TENURE
1.8 yrs

Ulrika Saxon

TITLE
Independent Director
COMPENSATION
SEK695K
AGE
53
TENURE
8.8 yrs

Peter Ferm

TITLE
Employee Representative Director
AGE
54
TENURE
1.8 yrs

David Porter

TITLE
Independent Director
COMPENSATION
SEK595K
AGE
54
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • AB Electrolux individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Oct 19 Sell Mikael Östman Individual 25. Oct 19 25. Oct 19 -6,000 €23.80 €-142,789
23. Sep 19 Buy Joachim Nord Individual 23. Sep 19 23. Sep 19 100 €22.23 €2,223
18. Feb 19 Sell Ola Nilsson Individual 15. Feb 19 15. Feb 19 -7,425 €22.47 €-166,812
18. Feb 19 Buy Ola Nilsson Individual 15. Feb 19 15. Feb 19 12,171 €22.47 €273,436
18. Feb 19 Sell Mikael Östman Individual 15. Feb 19 15. Feb 19 -2,731 €22.47 €-61,355
18. Feb 19 Buy Mikael Östman Individual 15. Feb 19 15. Feb 19 4,476 €22.47 €100,559
18. Feb 19 Sell Lars Petersen Individual 15. Feb 19 15. Feb 19 -6,307 €22.47 €-141,694
18. Feb 19 Buy Lars Petersen Individual 15. Feb 19 15. Feb 19 10,338 €22.47 €232,256
18. Feb 19 Sell Mikael Friberg Individual 15. Feb 19 15. Feb 19 -2,829 €22.47 €-63,557
18. Feb 19 Buy Mikael Friberg Individual 15. Feb 19 15. Feb 19 4,637 €22.47 €104,176
18. Feb 19 Sell Jan Brockmann Individual 15. Feb 19 15. Feb 19 -19,756 €22.47 €-443,842
18. Feb 19 Buy Jan Brockmann Individual 15. Feb 19 15. Feb 19 32,386 €22.47 €727,590
18. Feb 19 Sell Alberto Zanata Individual 15. Feb 19 15. Feb 19 -5,378 €22.47 €-120,823
18. Feb 19 Buy Alberto Zanata Individual 15. Feb 19 15. Feb 19 11,018 €22.47 €247,533
18. Feb 19 Sell Anna Ohlsson-Leijon Individual 15. Feb 19 15. Feb 19 -6,576 €22.47 €-147,738
18. Feb 19 Buy Anna Ohlsson-Leijon Individual 15. Feb 19 15. Feb 19 10,780 €22.47 €242,186
18. Feb 19 Sell Jonas Samuelson Individual 15. Feb 19 15. Feb 19 -23,569 €22.47 €-529,506
18. Feb 19 Buy Jonas Samuelson Individual 15. Feb 19 15. Feb 19 38,637 €22.47 €868,027
X
Management checks
We assess AB Electrolux's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AB Electrolux has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for professional use. It operates through six segments: Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Home Care & SDA; and Professional Products. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories. It also provides professional products, including food-service equipment for hotels, restaurants, and institutions, as well as laundry equipment for apartment-house laundry rooms, launderettes, hotels, and other professional users. In addition, the company offers hobs, ovens, and hoods for households and professional kitchens; and tumble dryers. It provides its products under the Electrolux, AEG, Frigidaire, Zanussi, Anova, and Westinghouse brands. The company sells its products through retailers, buying groups, independent stores, and professional users in Sweden and internationally. AB Electrolux (publ) was founded in 1901 and is headquartered in Stockholm, Sweden.

Details
Name: AB Electrolux (publ)
ELX
Exchange: DB
Founded: 1901
SEK6,872,964,036
287,397,450
Website: http://www.electroluxgroup.com
Address: AB Electrolux (publ)
S:t Göransgatan 143,
Stadshagen,
Stockholm,
Stockholm County, 105 45,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ELUX B Class B Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1980
OTCPK ELUX.F Class B Shares Pink Sheets LLC US USD 02. Jan 1980
DB ELX Class B Shares Deutsche Boerse AG DE EUR 02. Jan 1980
LSE 0MDT Class B Shares London Stock Exchange GB SEK 02. Jan 1980
BATS-CHIXE ELUXBS Class B Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1980
OTCPK ELUX.Y SPONSORED ADR Pink Sheets LLC US USD 09. Nov 1984
OM ELUX A Class A Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
Number of employees
Current staff
Staff numbers
54,000
AB Electrolux employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:26
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/10/25
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.