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SkiStar

DB:3AJ
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3AJ
DB
SEK6B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden, Norway, and Austria. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • SkiStar has significant price volatility in the past 3 months.
3AJ Share Price and Events
7 Day Returns
4.3%
DB:3AJ
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-32.1%
DB:3AJ
-48.1%
DE Hospitality
-20.9%
DE Market
3AJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SkiStar (3AJ) 4.3% -19.8% -36.3% -32.1% - -
DE Hospitality -6.9% -31.2% -57.5% -48.1% -63.2% -70.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 3AJ outperformed the Hospitality industry which returned -48.1% over the past year.
  • 3AJ underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
3AJ
Industry
5yr Volatility vs Market

3AJ Value

 Is SkiStar 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 SkiStar 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 SkiStar.

DB:3AJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:3AJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 22%) (33.58%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.991 * 5.44%)
5%

Discounted Cash Flow Calculation for DB:3AJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SkiStar 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:3AJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5%)
2020 180.00 Analyst x1 171.43
2021 507.00 Analyst x1 459.85
2022 542.00 Analyst x1 468.17
2023 564.67 Est @ 4.18% 464.52
2024 580.55 Est @ 2.81% 454.83
2025 591.29 Est @ 1.85% 441.18
2026 598.26 Est @ 1.18% 425.11
2027 602.49 Est @ 0.71% 407.72
2028 604.77 Est @ 0.38% 389.77
2029 605.67 Est @ 0.15% 371.75
Present value of next 10 years cash flows SEK4,054.00
DB:3AJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK605.67 × (1 + -0.39%) ÷ (5% – -0.39%)
SEK11,188.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK11,188.63 ÷ (1 + 5%)10
SEK6,867.44
DB:3AJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK4,054.00 + SEK6,867.44
SEK10,921.44
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK10,921.44 / 78.38
SEK139.35
DB:3AJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3AJ represents 0.09153x of OM:SKIS B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09153x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 139.35 x 0.09153
€12.75
Value per share (EUR) From above. €12.75
Current discount Discount to share price of €7.02
= -1 x (€7.02 - €12.75) / €12.75
45%

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

Current Discount
Amount off the current price SkiStar is available for.
Intrinsic value
45%
Share price is €7.02 vs Future cash flow value of €12.75
Current Discount Checks
For SkiStar to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SkiStar's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SkiStar'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 SkiStar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SkiStar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3AJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-02-29) in SEK SEK5.74
OM:SKIS B Share Price ** OM (2020-04-03) in SEK SEK76.7
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of SkiStar.

DB:3AJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 76.7 ÷ 5.74

13.35x

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

  • SkiStar is good value based on earnings compared to the DE Hospitality industry average.
  • SkiStar is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SkiStar's expected growth come at a high price?
Raw Data
DB:3AJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.1%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:3AJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.35x ÷ 12.1%

1.11x

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

  • SkiStar is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SkiStar's assets?
Raw Data
DB:3AJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-02-29) in SEK SEK33.60
OM:SKIS B Share Price * OM (2020-04-03) in SEK SEK76.7
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:3AJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 76.7 ÷ 33.60

2.28x

* Primary Listing of SkiStar.

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

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

3AJ Future Performance

 How is SkiStar expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SkiStar expected to grow at an attractive rate?
  • SkiStar's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SkiStar's earnings growth is positive but not above the Germany market average.
  • SkiStar's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3AJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3AJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.1%
DB:3AJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.4%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:3AJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3AJ Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-08-31 2,883 872 522 1
2021-08-31 2,788 827 489 1
2020-08-31 2,330 647 315 1
2020-04-06
DB:3AJ Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2020-02-29 2,773 777 450
2019-11-30 2,600 773 365
2019-08-31 2,676 722 466
2019-05-31 2,750 787 555
2019-02-28 2,727 813 579
2018-11-30 2,586 790 526
2018-08-31 2,536 679 490
2018-05-31 2,442 757 454
2018-02-28 2,384 929 439
2017-11-30 2,335 662 420
2017-08-31 2,306 629 390
2017-05-31 2,332 560 400

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SkiStar's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
  • SkiStar's revenue is expected to grow by 4.4% 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:3AJ 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 1 Analyst Estimates (S&P Global) See Below

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

DB:3AJ Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-08-31 6.66 6.66 6.66 1.00
2021-08-31 6.24 6.24 6.24 1.00
2020-08-31 4.01 4.01 4.01 1.00
2020-04-06
DB:3AJ Past Financials Data
Date (Data in SEK Millions) EPS *
2020-02-29 5.74
2019-11-30 4.65
2019-08-31 5.95
2019-05-31 7.09
2019-02-28 7.38
2018-11-30 6.71
2018-08-31 6.25
2018-05-31 5.79
2018-02-28 5.60
2017-11-30 5.35
2017-08-31 4.98
2017-05-31 5.10

*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.
  • SkiStar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SkiStar'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.
SkiStar has a total score of 2/6, 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.

3AJ Past Performance

  How has SkiStar 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 SkiStar's growth in the last year to its industry (Hospitality).
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.
  • SkiStar's year on year earnings growth rate has been positive over the past 5 years.
  • SkiStar's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SkiStar's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
SkiStar'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 SkiStar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3AJ Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-02-29 2,772.66 450.23 1,476.93
2019-11-30 2,600.46 364.81 1,487.58
2019-08-31 2,675.90 466.30 1,470.35
2019-05-31 2,750.13 555.40 1,462.20
2019-02-28 2,727.27 578.74 1,440.98
2018-11-30 2,586.10 525.85 1,381.46
2018-08-31 2,535.71 489.55 1,374.98
2018-05-31 2,441.67 453.83 1,355.16
2018-02-28 2,383.72 438.70 1,313.25
2017-11-30 2,334.92 419.60 1,295.80
2017-08-31 2,306.02 390.16 1,279.32
2017-05-31 2,332.09 399.79 1,272.62
2017-02-28 2,152.38 361.71 1,228.59
2016-11-30 2,025.82 290.40 1,188.77
2016-08-31 1,990.56 310.29 1,150.54
2016-05-31 1,956.65 327.23 1,113.29
2016-02-29 1,956.44 274.76 1,121.99
2015-11-30 1,917.15 271.53 1,113.47
2015-08-31 1,899.25 248.59 1,119.33
2015-05-31 1,902.23 244.34 1,126.46
2015-02-28 1,841.50 213.33 1,131.44
2014-11-30 1,751.03 172.34 1,144.77
2014-08-31 1,749.98 162.43 1,137.24
2014-05-31 1,713.01 152.10 1,145.68
2014-02-28 1,697.80 160.92 1,129.33
2013-11-30 1,672.80 144.29 1,109.56
2013-08-31 1,665.29 136.90 1,105.94
2013-05-31 1,654.27 154.26 1,067.27

*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.
  • SkiStar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SkiStar used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • SkiStar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SkiStar'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 Hospitality 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.
SkiStar has a total score of 2/6, 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.

3AJ Health

 How is SkiStar'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 SkiStar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SkiStar's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SkiStar's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SkiStar'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 not covered by short term assets, assets are 0.6x 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 SkiStar Company Filings, last reported 1 month ago.

DB:3AJ Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2020-02-29 2,693.15 1,276.70 113.20
2019-11-30 2,336.05 1,621.92 41.13
2019-08-31 2,602.06 1,777.06 71.25
2019-05-31 2,812.38 1,433.22 70.87
2019-02-28 2,549.39 1,150.88 149.03
2018-11-30 2,258.35 1,536.41 42.99
2018-08-31 2,421.09 1,712.53 73.15
2018-05-31 2,524.99 1,526.61 84.25
2018-02-28 2,263.06 1,403.89 108.58
2017-11-30 1,915.10 1,813.73 98.34
2017-08-31 2,090.25 1,804.29 105.51
2017-05-31 2,246.81 1,426.22 88.90
2017-02-28 1,999.89 1,393.47 132.36
2016-11-30 1,692.87 1,695.61 87.11
2016-08-31 1,869.95 1,798.32 92.72
2016-05-31 1,992.05 1,601.36 115.56
2016-02-29 1,692.16 1,426.45 156.70
2015-11-30 1,453.34 1,760.87 18.63
2015-08-31 1,641.39 1,773.97 23.51
2015-05-31 1,784.35 1,652.62 29.37
2015-02-28 1,611.21 1,551.53 78.52
2014-11-30 1,305.22 2,104.37 23.16
2014-08-31 1,537.73 2,107.24 27.36
2014-05-31 1,670.46 1,901.05 24.86
2014-02-28 1,516.85 1,687.56 36.26
2013-11-30 1,258.92 2,103.10 29.96
2013-08-31 1,482.14 2,108.81 26.28
2013-05-31 1,621.80 2,025.70 43.07
  • SkiStar's level of debt (47.4%) 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 (96.2% vs 47.4% today).
  • Debt is well covered by operating cash flow (60.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.8x coverage).
X
Financial health checks
We assess SkiStar'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. SkiStar has a total score of 3/6, 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.

3AJ Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.56%
Current annual income from SkiStar dividends. Estimated to be 4.41% next year.
If you bought €2,000 of SkiStar shares you are expected to receive €91 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?
  • SkiStar's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • SkiStar's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
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:3AJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
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 4.9%

Industry and Market average data is calculated daily.

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

DB:3AJ Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-08-31 4.00 1.00
2021-08-31 3.75 1.00
2020-08-31 2.40 1.00
2020-04-06
DB:3AJ Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-11-18 3.500 3.448
2019-10-03 3.500 3.030
2018-12-13 3.500 3.086
2018-10-03 3.500 2.992
2017-11-17 2.750 3.050
2017-10-04 2.750 3.032
2016-10-04 2.250 2.674
2015-11-18 2.000 3.235
2015-10-06 2.000 3.210
2014-10-02 1.250 2.641
2013-11-18 1.250 2.970
2013-10-03 1.250 2.913
2012-11-16 1.250 3.114
2012-10-04 1.250 3.144
2011-11-16 1.750 4.389
2011-09-15 1.750 3.811
2010-11-16 2.750 5.009
2010-10-04 2.750 4.146
2009-10-02 2.500 3.876

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SkiStar's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess SkiStar'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 SkiStar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SkiStar has a total score of 4/6, see the detailed checks below.


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

3AJ Management

 What is the CEO of SkiStar'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
Stefan Sjöstrand
AGE 51
TENURE AS CEO 0.3 years
CEO Bio

Mr. Stefan Sjöstrand is Chief Executive Officer at SkiStar AB (publ) since 2020. He has Principle education and professional experience.

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

Stefan Sjöstrand

TITLE
Chief Executive Officer
AGE
51
TENURE
0.3 yrs

Anders Örnulf

TITLE
Chief Financial Officer
AGE
43

Bo Halvardsson

TITLE
Chief Technology Officer
AGE
64

Sofie Arnell

TITLE
Legal Counsel & Head of IR
AGE
33

Mathias Lindström

TITLE
Manager of Marketing & Sales
AGE
47
TENURE
13.3 yrs

Åsa Linder

TITLE
Secretary
AGE
51
Board of Directors Tenure

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

2.3
Average Tenure
58
Average Age
  • The average tenure for the SkiStar board of directors is less than 3 years, this suggests a new board.
Board of Directors

Eivor Andersson

TITLE
Independent Chairman of the Board
COMPENSATION
SEK370K
AGE
58

Lena Apler

TITLE
Director
COMPENSATION
SEK270K
AGE
68
TENURE
5.3 yrs

Anders Sundström

TITLE
Director
AGE
67
TENURE
1.3 yrs

Patrik Svard

TITLE
Employee Representative Director
AGE
49
TENURE
3.1 yrs

Sara Karlsson

TITLE
Director
COMPENSATION
SEK250K
AGE
50
TENURE
2.3 yrs

Fredrik Paulsson

TITLE
Director
COMPENSATION
SEK275K
AGE
47
TENURE
2.3 yrs

Lars-Göran Dahl

TITLE
Independent Director
AGE
58
TENURE
1.3 yrs

Gunilla Rudebjer

TITLE
Independent Director
AGE
60
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • SkiStar 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 (€)
26. Mar 20 Buy Anders Örnulf Individual 26. Mar 20 26. Mar 20 2,000 €7.06 €14,124
24. Mar 20 Buy Jonas Bauer Individual 23. Mar 20 23. Mar 20 2,000 €6.34 €12,659
09. Jan 20 Sell Mathias Lindström Individual 08. Jan 20 08. Jan 20 -25,000 €11.07 €-276,642
15. Nov 19 Buy Bo Halvardsson Individual 14. Nov 19 14. Nov 19 750 €11.51 €8,633
29. Aug 19 Sell Anders Lundqvist Individual 29. Aug 19 29. Aug 19 -1,000 €10.87 €-10,874
07. Nov 19 Buy Anders Lundqvist Individual 07. Nov 19 07. Nov 19 400 €11.43 €4,571
07. Nov 19 Buy Jonas Bauer Individual 07. Nov 19 07. Nov 19 850 €11.37 €9,665
06. Nov 19 Buy Mats Årjes Individual 06. Nov 19 06. Nov 19 2,774 €11.14 €30,906
05. Nov 19 Buy Mathias Lindström Individual 05. Nov 19 05. Nov 19 774 €10.79 €8,355
29. Oct 19 Buy Anders Örnulf Individual 29. Oct 19 29. Oct 19 900 €10.73 €9,657
29. Oct 19 Buy Niclas Berg Individual 28. Oct 19 28. Oct 19 609 €10.86 €6,614
28. Oct 19 Buy Sofie Arnell Individual 28. Oct 19 28. Oct 19 600 €10.66 €6,393
17. May 19 Sell Mats Årjes Individual 16. May 19 16. May 19 -640,608 €10.88 €-6,967,765
X
Management checks
We assess SkiStar'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. SkiStar 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.

3AJ News

Simply Wall St News

3AJ Company Info

Description

SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden, Norway, and Austria. The company operates in two segments, Operation of Ski Resorts and Property Development and Exploitation. It provides skiing/ski lifts/ski passes, accommodation, ski rental, and property services. The company also operates ski schools and sporting goods stores, as well as restaurants. In addition, it organizes events, as well as engages in advertising sales, kiosks, and Ski Direct card businesses. Further, the company invests in properties, lands, snow parks, lifts and machineries, and companies. It operates a network of 29 ski rental outlets, including 9 in Sälen, 9 in Åre, 6 in Vemdalen, 2 in Hemsedal, and 3 in Trysil; and 2 sporting goods stores in Sälen and Vemdalen, as well as owns and operates sports shops in Åre and Hemseda. The company serves customers through agents and call centers, as well as through its Website skistarshop.com. The company is headquartered in Sälen, Sweden.

Details
Name: SkiStar AB (publ)
3AJ
Exchange: DB
Founded:
SEK547,415,643
78,376,056
Website: http://www.skistar.com
Address: SkiStar AB (publ)
Salfjallsgarden,
Sälen,
Dalarna County, 780 67,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SKIS B Class B Shares OMX Nordic Exchange Stockholm SE SEK 08. Jul 1994
DB 3AJ Class B Shares Deutsche Boerse AG DE EUR 08. Jul 1994
BATS-CHIXE SKISBs Class B Shares BATS 'Chi-X Europe' GB SEK 08. Jul 1994
Number of employees
Current staff
Staff numbers
473
SkiStar employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 03:34
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/18
Last earnings filing: 2020/03/18
Last earnings reported: 2020/02/29
Last annual earnings reported: 2019/08/31


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.