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Actic Group

DB:8XA
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8XA
DB
SEK169M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Actic Group AB (publ) operates health and fitness clubs in Sweden, Norway, Germany, and Austria. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Actic Group has significant price volatility in the past 3 months.
8XA Share Price and Events
7 Day Returns
6.5%
DB:8XA
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-70.4%
DB:8XA
-48.1%
DE Hospitality
-20.9%
DE Market
8XA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Actic Group (8XA) 6.5% -48.4% -62.1% -70.4% - -
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
  • 8XA underperformed the Hospitality industry which returned -48.1% over the past year.
  • 8XA underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
8XA
Industry
5yr Volatility vs Market

Value

 Is Actic Group 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 Actic Group 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 Actic Group.

DB:8XA 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 10.5%
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:8XA
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%) (776.33%))
4.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:8XA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Actic Group 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:8XA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 10.49%)
2020 54.00 Analyst x1 48.87
2021 51.00 Analyst x1 41.78
2022 62.00 Analyst x1 45.96
2023 49.69 Est @ -19.85% 33.34
2024 42.73 Est @ -14.01% 25.95
2025 38.49 Est @ -9.93% 21.15
2026 35.77 Est @ -7.07% 17.79
2027 33.96 Est @ -5.06% 15.29
2028 32.71 Est @ -3.66% 13.33
2029 31.84 Est @ -2.68% 11.74
Present value of next 10 years cash flows SEK275.00
DB:8XA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK31.84 × (1 + -0.39%) ÷ (10.49% – -0.39%)
SEK291.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK291.49 ÷ (1 + 10.49%)10
SEK107.50
DB:8XA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK275.00 + SEK107.50
SEK382.50
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK382.50 / 15.90
SEK24.06
DB:8XA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8XA represents 0.08906x of OM:ATIC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08906x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 24.06 x 0.08906
€2.14
Value per share (EUR) From above. €2.14
Current discount Discount to share price of €0.94
= -1 x (€0.94 - €2.14) / €2.14
55.9%

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

Current Discount
Amount off the current price Actic Group is available for.
Intrinsic value
>50%
Share price is €0.94 vs Future cash flow value of €2.14
Current Discount Checks
For Actic Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Actic Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Actic Group'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 Actic Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Actic Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8XA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK-19.16
OM:ATIC Share Price ** OM (2020-04-03) in SEK SEK10.6
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 Actic Group.

DB:8XA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 10.6 ÷ -19.16

-0.55x

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

  • Actic Group is loss making, we can't compare its value to the DE Hospitality industry average.
  • Actic Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Actic Group's expected growth come at a high price?
Raw Data
DB:8XA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
130.1%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 .

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

  • Unable to calculate PEG ratio for Actic Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Actic Group's assets?
Raw Data
DB:8XA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK17.68
OM:ATIC Share Price * OM (2020-04-03) in SEK SEK10.6
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:8XA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.6 ÷ 17.68

0.6x

* Primary Listing of Actic Group.

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

  • Actic Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Actic Group'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. Actic Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Actic Group 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
130.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Actic Group expected to grow at an attractive rate?
  • Actic Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Actic Group's earnings growth is expected to exceed the Germany market average.
  • Actic Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8XA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8XA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 130.1%
DB:8XA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.9%
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:8XA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8XA Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,078 128 5 1
2021-12-31 1,032 115 -7 1
2020-12-31 997 103 -17 1
2020-04-06
DB:8XA Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 987 214 -305
2019-09-30 981 75 -288
2019-06-30 972 103 1
2019-03-31 974 98 17
2018-12-31 965 133 23
2018-09-30 958 235 8
2018-06-30 946 199 13
2018-03-31 922 151 -8
2017-12-31 903 103 -19
2017-09-30 888 65 -38
2017-06-30 874 59 -60
2017-03-31 854 77 -50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Actic Group's earnings are expected to grow significantly at over 20% yearly.
  • Actic Group's revenue is expected to grow by 2.9% 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:8XA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

DB:8XA Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.32 0.32 0.32 1.00
2021-12-31 -0.47 -0.47 -0.47 1.00
2020-12-31 -1.09 -1.09 -1.09 1.00
2020-04-06
DB:8XA Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 -19.16
2019-09-30 -18.09
2019-06-30 0.06
2019-03-31 1.08
2018-12-31 1.44
2018-09-30 0.52
2018-06-30 0.80
2018-03-31 -0.51
2017-12-31 -1.53
2017-09-30 -4.43
2017-06-30 -12.28
2017-03-31 -31.82

*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.
  • Actic Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Actic Group'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.
Actic Group has a total score of 3/6, 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 Actic Group 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 Actic Group'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.
  • Actic Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Actic Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Actic Group's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Actic Group'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 Actic Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8XA Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 986.52 -304.54 326.07
2019-09-30 980.79 -287.50 480.88
2019-06-30 972.41 1.03 477.78
2019-03-31 974.21 17.09 468.17
2018-12-31 965.26 22.94 453.89
2018-09-30 958.00 8.30 654.49
2018-06-30 945.67 12.76 579.27
2018-03-31 922.06 -7.98 504.30
2017-12-31 902.99 -18.60 426.81
2017-09-30 887.62 -37.82 114.33
2017-06-30 873.84 -60.46 208.84
2017-03-31 854.22 -50.36 303.72
2016-12-31 821.26 -48.48 397.48
2015-12-31 756.96 -6.80 360.27
2014-12-31 706.83 -17.29 328.64
2013-12-31 664.32 -37.87 325.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Actic Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Actic Group has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Actic Group 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 Actic Group'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.
Actic Group has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Actic Group'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 Actic Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Actic Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Actic Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Actic Group'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 0.4x 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 Actic Group Company Filings, last reported 3 months ago.

DB:8XA Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 281.03 448.20 85.57
2019-09-30 297.95 448.00 48.84
2019-06-30 584.13 1,390.25 64.67
2019-03-31 599.24 1,379.55 73.52
2018-12-31 625.87 462.41 130.58
2018-09-30 638.04 486.46 83.50
2018-06-30 632.64 490.57 65.34
2018-03-31 625.55 489.83 77.17
2017-12-31 605.64 451.73 66.08
2017-09-30 607.53 481.18 79.09
2017-06-30 592.48 478.48 71.36
2017-03-31 357.30 659.63 68.98
2016-12-31 364.52 612.04 49.06
2015-12-31 349.52 585.33 106.42
2014-12-31 319.36 602.86 80.44
2013-12-31 474.57 508.47 79.05
  • Actic Group's level of debt (159.5%) 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 (188.7% vs 159.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Actic Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Actic Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -13.2% per year.
X
Financial health checks
We assess Actic Group'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. Actic Group 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.

Dividends

 What is Actic Group'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
4.72%
Current annual income from Actic Group dividends. Estimated to be 7.86% next year.
If you bought €2,000 of Actic Group shares you are expected to receive €94 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?
  • Actic Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Actic Group'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:8XA 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:8XA Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.05 1.00
2021-12-31 0.80 1.00
2020-12-31 0.65 1.00
2020-04-06
DB:8XA Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.500 3.639
2019-02-14 0.500 1.975
2018-05-15 0.500 1.232

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

  • Whilst dividend payments have been stable, Actic Group has been paying a dividend for less than 10 years.
  • Actic Group has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Actic Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Actic Group'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 Actic Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Actic Group 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.

Management

 What is the CEO of Actic Group'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
Anders Carlbark
COMPENSATION SEK2,227,000
AGE 38
TENURE AS CEO 1.3 years
CEO Bio

Mr. Anders Carlbark has been an Chief Executive Officer at Actic Group AB (publ) since April 2019 and was its Acting Marketing Manager since December 2018. He serves as Global Head of Merchandising at H&M. Anders Carlbark has had a number of different roles at H&M in the past decade and before that as Area Manager at Lidl.

CEO Compensation
  • Insufficient data for Anders to compare compensation growth.
  • Anders's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Actic Group management team in years:

1.3
Average Tenure
44
Average Age
  • The average tenure for the Actic Group management team is less than 2 years, this suggests a new team.
Management Team

Anders Carlbark

TITLE
Chief Executive Officer
COMPENSATION
SEK2M
AGE
38
TENURE
1.3 yrs

Stephan Ebberyd

TITLE
Interim Chief Financial Officer
TENURE
0.3 yrs

Sofia Brandberg

TITLE
Chief Marketing Officer
AGE
35
TENURE
1.3 yrs

Linda Nilsson

TITLE
Head of Human Resources
AGE
44
TENURE
7.3 yrs

Mårten Hoffman

TITLE
Head of IT
AGE
41
TENURE
3.3 yrs

Jörgen Fritz

TITLE
Executive Officer
AGE
52

Stefan Johansson

TITLE
Head of Group Expansion
AGE
46
TENURE
0.7 yrs

Jonas Lissjanis

TITLE
Chief Product Officer
AGE
45
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Actic Group board of directors in years:

2.3
Average Tenure
46
Average Age
  • The average tenure for the Actic Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Göran Carlson

TITLE
Chairman of the Board
COMPENSATION
SEK575K
AGE
62
TENURE
2.3 yrs

Stefan Charette

TITLE
Director
COMPENSATION
SEK300K
AGE
47
TENURE
3.3 yrs

Fredrik Söderberg

TITLE
Director
COMPENSATION
SEK300K
AGE
47
TENURE
2.3 yrs

Therese Hillman

TITLE
Director
COMPENSATION
SEK250K
AGE
39
TENURE
2.3 yrs

Viktor Linnell

TITLE
Director
COMPENSATION
SEK250K
AGE
31
TENURE
1.9 yrs

Trine Marsdal

TITLE
Director
AGE
45
TENURE
0.9 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 (€)
13. Dec 19 Buy Athanese Industrial Partners Ltd. Company 13. Dec 19 13. Dec 19 215,591 €2.48 €496,561
23. Nov 19 Buy Stefan Charette Individual 20. Nov 19 20. Nov 19 39,654 €2.03 €80,526
12. Nov 19 Buy Athanese Industrial Partners Ltd. Company 11. Nov 19 11. Nov 19 13,175 €1.94 €25,615
27. Aug 19 Sell Athanese Industrial Partners Ltd. Company 26. Aug 19 26. Aug 19 -1,654,040 €1.92 €-3,178,425
27. Aug 19 Buy Athanese Industrial Partners Ltd. Company 26. Aug 19 26. Aug 19 1,654,040 €1.92 €3,178,425
27. Aug 19 Buy Ushi Ltd Company 26. Aug 19 26. Aug 19 300,000 €1.98 €592,739
04. Sep 19 Buy Göran Carlson Individual 04. Sep 19 04. Sep 19 3,000 €1.84 €5,523
26. Aug 19 Buy Anders Carlbark Individual 26. Aug 19 26. Aug 19 10,000 €1.96 €19,551
23. Aug 19 Buy Fredrik Söderberg Individual 23. Aug 19 23. Aug 19 5,000 €1.87 €9,328
X
Management checks
We assess Actic Group'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. Actic Group 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

Actic Group AB (publ) operates health and fitness clubs in Sweden, Norway, Germany, and Austria. It offers gym and swim facilities, as well as access to fitness clubs, PTs, and group training. The company also provides energy bars and drinks, training clothes, and other miscellaneous training products through online web shop; and training packages for corporate customers’ employees, as well as arranges education program for instructors. It operates 181 clubs; and serves 222,000 members. The company was founded in 1981 and is headquartered in Solna, Sweden.

Details
Name: Actic Group AB (publ)
8XA
Exchange: DB
Founded: 1981
SEK15,344,676
15,896,936
Website: http://www.acticgroup.com
Address: Actic Group AB (publ)
Smidesvägen 12,
Solna,
Stockholm County, 171 41,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ATIC Class A Shares OMX Nordic Exchange Stockholm SE SEK 07. Apr 2017
DB 8XA Class A Shares Deutsche Boerse AG DE EUR 07. Apr 2017
LSE 0ROI Class A Shares London Stock Exchange GB SEK 07. Apr 2017
BATS-CHIXE ATICS Class A Shares BATS 'Chi-X Europe' GB SEK 07. Apr 2017
Number of employees
Current staff
Staff numbers
800
Actic Group employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 05:25
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.