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Strax

DB:NOBC
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NOBC
DB
SEK398M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Strax AB (publ) designs, develops, manufactures, and sells mobile accessories worldwide. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • Strax has significant price volatility in the past 3 months.
NOBC Share Price and Events
7 Day Returns
-8%
DB:NOBC
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
38%
DB:NOBC
4%
DE Consumer Durables
10.4%
DE Market
NOBC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Strax (NOBC) -8% 57.7% 102.9% 38% -49.3% -
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • NOBC outperformed the Consumer Durables industry which returned 4% over the past year.
  • NOBC outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
NOBC
Industry
5yr Volatility vs Market

NOBC Value

 Is Strax 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 Strax 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 Strax.

DB:NOBC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € .100649
Payout Ratio Company Filings (2019-06-30) 7539.6%
Discount Rate (Cost of Equity) See below 6.4%
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:NOBC
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))
= 0.812 (1 + (1- 22%) (45.54%))
1.036
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.036 * 5.96%)
6.4%

Discounted Cash Flow Calculation for DB:NOBC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Strax is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:NOBC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.1 / (6.4% - 0.23%)
€0.12
DB:NOBC Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:STRAX)
10.656
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €1.63 x 10.656
SEK17.37
Non-primary Listing Adjustment Factor 1 share in DB:NOBC represents 0.08364x of OM:STRAX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08364x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 17.37 x 0.08364
€1.45
Value per share (EUR) From above. €1.45
Current discount Discount to share price of €0.28
= -1 x (€0.28 - €1.45) / €1.45
81%

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

Current Discount
Amount off the current price Strax is available for.
Intrinsic value
>50%
Share price is €0.28 vs Future cash flow value of €1.45
Current Discount Checks
For Strax to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Strax's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Strax'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 Strax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Strax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NOBC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.11
OM:STRAX Share Price ** OM (2019-11-19) in SEK SEK3.3
OM:STRAX Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.094 €0.31
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of Strax.

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

= OM:STRAX Share Price ÷ EPS (both in EUR)

= 0.31 ÷ 0.11

2.7x

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

  • Strax is good value based on earnings compared to the DE Consumer Durables industry average.
  • Strax is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Strax's expected growth come at a high price?
Raw Data
DB:NOBC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*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 Strax, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Strax's assets?
Raw Data
DB:NOBC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.15
OM:STRAX Share Price * OM (2019-11-19) in SEK SEK3.3
OM:STRAX Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.094 €0.31
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:NOBC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:STRAX Share Price ÷ Book Value per Share (both in EUR)

= 0.31 ÷ 0.15

2.04x

* Primary Listing of Strax.

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

  • Strax is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Strax'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. Strax has a total score of 4/6, 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.

NOBC Future Performance

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

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

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

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Strax expected to grow at an attractive rate?
  • Unable to compare Strax's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Strax's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Strax's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:NOBC Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:NOBC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NOBC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:NOBC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 106 2 14
2019-03-31 107 3 17
2018-12-31 107 -3 17
2018-09-30 102 3 -3
2018-06-30 102 2 0
2018-03-31 102 1 2
2017-12-31 100 4 2
2017-09-30 93 2 5
2017-06-30 95 3 5
2017-03-31 92 5 3
2016-12-31 92 2 3
2016-09-30 88 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Strax is high growth as no earnings estimate data is available.
  • Unable to determine if Strax is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NOBC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Strax Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NOBC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:NOBC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.11
2019-03-31 0.14
2018-12-31 0.14
2018-09-30 -0.02
2018-06-30 0.00
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.03
2016-12-31 0.03
2016-09-30 0.02

*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 Strax will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

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

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

NOBC Past Performance

  How has Strax 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 Strax'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.
  • Strax has delivered over 20% year on year earnings growth in the past 5 years.
  • Strax has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Strax has become profitable in the last year making it difficult to compare the DE Consumer Durables industry average.
Earnings and Revenue History
Strax'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 Strax Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NOBC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 105.76 13.83 26.61
2019-03-31 107.45 16.90 28.80
2018-12-31 106.97 16.75 29.84
2018-09-30 102.28 -2.80 27.24
2018-06-30 102.36 -0.24 26.09
2018-03-31 101.82 1.84 24.15
2017-12-31 100.07 1.79 22.89
2017-09-30 93.45 4.82 21.62
2017-06-30 94.69 4.91 20.60
2017-03-31 91.85 3.07 19.59
2016-12-31 91.77 3.20 19.02
2016-09-30 88.31 1.97 19.00
2016-06-30 85.97 1.64 17.76
2016-03-31 83.89 1.24 17.42
2015-12-31 81.55 1.25 16.79

*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.
  • Strax made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Strax used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • It is difficult to establish if Strax 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 Strax'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.
Strax has a total score of 3/6, 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.

NOBC Health

 How is Strax'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 Strax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Strax's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Strax's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Strax'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 2.5x 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 Strax Company Filings, last reported 4 months ago.

DB:NOBC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 18.28 17.01 1.75
2019-03-31 21.69 16.39 1.29
2018-12-31 34.27 29.06 24.85
2018-09-30 19.79 28.29 4.47
2018-06-30 20.94 28.94 3.85
2018-03-31 20.95 29.28 3.93
2017-12-31 21.03 26.25 5.69
2017-09-30 22.87 21.46 1.00
2017-06-30 19.98 21.16 1.67
2017-03-31 18.18 18.79 1.79
2016-12-31 18.16 16.65 3.66
2016-09-30 16.81 14.47 3.42
2016-06-30 15.38 8.87 3.53
2016-03-31
2015-12-31 10.74 13.55 4.99
  • Strax's level of debt (93%) compared to net worth is high (greater than 40%).
  • Unable to establish if Strax's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Strax's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Strax'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. Strax has a total score of 1/6, 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.

NOBC Dividends

 What is Strax'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
32.5%
Current annual income from Strax dividends.
If you bought €2,000 of Strax shares you are expected to receive €650 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?
  • Strax's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Strax's dividend is above the markets top 25% of dividend payers in Germany (3.72%).
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:NOBC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany 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 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:NOBC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
DB:NOBC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-22 0.101 53.777
2019-04-18 0.102 56.394
2019-02-28 0.104 55.783

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

  • It is too early to tell whether Strax has stable dividend payments.
  • Strax only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Strax's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Strax'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 Strax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Strax has a total score of 2/6, see the detailed checks below.


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

NOBC Management

 What is the CEO of Strax'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
Gudmundur Palmason
COMPENSATION €331,000
AGE 51
CEO Bio

Mr. Gudmundur Palmason serves as Chief Executive Officer and Managing Director at Strax AB (publ) and has been its Executive Director since 1999. Mr. Palmason serves as Managing Director at STRAX GmbH. Mr. Palmason serves as the Chief Financial Officer and Chairman of the Board of STRAX Americas, Inc. Mr. Palmason was a Partner of IMA Law, an international law firm in Reykjavik. He was a co-founder of mobilestop Inc. and served as its Chief Financial Officer. He served as the Chief Executive Officer of Burnham International Ltd. in Iceland, an affiliate of Burnham Securities Inc., in New York. He also served at Shell Iceland and Morkin Law. He serves as a board member of several other companies and organizations. Mr. Palmason holds a master's degree in law (LL.M.) and an MBA.

CEO Compensation
  • Gudmundur's compensation has increased in line with Strax recently becoming profitable.
  • Gudmundur's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

3.5
Average Tenure
51
Average Age
  • The tenure for the Strax management team is about average.
Management Team

Gudmundur Palmason

TITLE
CEO, MD & Executive Director
COMPENSATION
€331K
AGE
51

Ingvi Tomasson

TITLE
Founder & Director
COMPENSATION
€369K
AGE
51

Johan Heijbel

TITLE
Chief Financial Officer
AGE
44
TENURE
3.5 yrs

Alap Shah

TITLE
Chief Operations Officer
TENURE
0.1 yrs

Marco Delhey

TITLE
Head of Group Purchasing & Product Management OEM/Brands
TENURE
9.8 yrs

James Myring

TITLE
Chief Operating Officer of STRAX ASIA Ltd

Martin Wagner

TITLE
Head of Group Marketing
Board of Directors Tenure

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

3.6
Average Tenure
55
Average Age
  • The tenure for the Strax board of directors is about average.
Board of Directors

Bertil Villard

TITLE
Chairman of the Board
AGE
67
TENURE
3.6 yrs

Gudmundur Palmason

TITLE
CEO, MD & Executive Director
COMPENSATION
€331K
AGE
51
TENURE
3.6 yrs

Ingvi Tomasson

TITLE
Founder & Director
COMPENSATION
€369K
AGE
51
TENURE
3.6 yrs

Anders Lönnqvist

TITLE
Independent Director
AGE
61
TENURE
19.8 yrs

Pia Anderberg

TITLE
Independent Director
AGE
55
TENURE
1.5 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 (€)
X
Management checks
We assess Strax'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. Strax 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.

NOBC News

Simply Wall St News

NOBC Company Info

Description

Strax AB (publ) designs, develops, manufactures, and sells mobile accessories worldwide. It offers a range of protection, power, and audio products, as well as connected devices. The company provides its products under proprietary brands, such as XQISIT, Urbanista, and THOR GLASS, as well as under licensed brands comprising Adidas and Bugatti. The company provides its products through telecom operators, mass merchants, and consumer electronics and lifestyle retailers, as well as directly through online. Strax AB (publ) was founded in 1995 and is based in Stockholm, Sweden.

Details
Name: Strax AB (publ)
NOBC
Exchange: DB
Founded: 1995
SEK37,344,924
120,592,332
Website: http://www.strax.com
Address: Strax AB (publ)
Mäster Samuelsgatan 10,
Stockholm,
111 44,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM STRAX Registered Shares OMX Nordic Exchange Stockholm SE SEK 13. May 2016
DB NOBC Registered Shares Deutsche Boerse AG DE EUR 13. May 2016
BATS-CHIXE STRAXS Registered Shares BATS 'Chi-X Europe' GB SEK 13. May 2016
Number of employees
Current staff
Staff numbers
200
Strax employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:09
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/02/28
Last earnings filing: 2019/08/28
Last earnings reported: 2019/06/30
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.