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Svolder

BST:SKDE
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKDE
BST
SEK3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Svolder AB operates as an investment trust. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Svolder is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SKDE Share Price and Events
7 Day Returns
3%
BST:SKDE
-0.4%
DE Diversified Financial
-0.3%
DE Market
1 Year Returns
28.7%
BST:SKDE
32.9%
DE Diversified Financial
10.4%
DE Market
SKDE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Svolder (SKDE) 3% 6.8% 9.2% 28.7% 20% 123.2%
DE Diversified Financial -0.4% 3.2% 17.6% 32.9% 117.6% 307.4%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • SKDE underperformed the Diversified Financial industry which returned 32.9% over the past year.
  • SKDE outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
SKDE
Industry
5yr Volatility vs Market

Value

 Is Svolder 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 Svolder 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 Svolder.

BST:SKDE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SEK109.47 * 12.3%
SEK13.47
Book Value of Equity per Share Median Book Value from the past 5 years. SEK109.47
Discount Rate (Cost of Equity) See below 5.4%
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 BST:SKDE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 22%) (0%))
0.86
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.86 * 5.96%)
5.36%

Discounted Cash Flow Calculation for BST:SKDE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Svolder is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:SKDE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.3% – 5.36%) * SEK109.47)
SEK7.61
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SEK7.61 / (5.36% - 0.23%)
SEK148.43
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SEK109.47 + SEK148.43
SEK257.89
BST:SKDE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:SKDE represents 0.09254x of OM:SVOL B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09254x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 257.89 x 0.09254
€23.87
Value per share (EUR) From above. €23.87
Current discount Discount to share price of €10.92
= -1 x (€10.92 - €23.87) / €23.87
54.2%

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

Current Discount
Amount off the current price Svolder is available for.
Intrinsic value
>50%
Share price is €10.92 vs Future cash flow value of €23.87
Current Discount Checks
For Svolder to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Svolder's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Svolder'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 Svolder's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Svolder's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:SKDE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in SEK SEK-0.51
OM:SVOL B Share Price ** OM (2019-11-19) in SEK SEK118
Germany Diversified Financial Industry PE Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 32.18x
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 Svolder.

BST:SKDE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 118 ÷ -0.51

-230.6x

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

  • Svolder is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Svolder is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Svolder's expected growth come at a high price?
Raw Data
BST:SKDE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -230.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.32x
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 Svolder, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Svolder's assets?
Raw Data
BST:SKDE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in SEK SEK119.18
OM:SVOL B Share Price * OM (2019-11-19) in SEK SEK118
Germany Diversified Financial Industry PB Ratio Median Figure of 8 Publicly-Listed Diversified Financial Companies 4.8x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
BST:SKDE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 118 ÷ 119.18

0.99x

* Primary Listing of Svolder.

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

  • Svolder is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Svolder'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Svolder 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 Svolder 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 Svolder 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
16.9%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Svolder expected to grow at an attractive rate?
  • Unable to compare Svolder's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Svolder's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Svolder's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:SKDE Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
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
BST:SKDE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:SKDE Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:SKDE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-08-31 12 33 -13
2019-05-31 359 36 199
2019-02-28 372 49 175
2018-11-30 372 44 -52
2018-08-31 369 45 345
2018-05-31 700 43 173
2018-02-28 692 35 205
2017-11-30 691 38 537
2017-08-31 690 33 665
2017-05-31 776 35 987
2017-02-28 760 19 960
2016-11-30 761 23 583

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Svolder is high growth as no earnings estimate data is available.
  • Unable to determine if Svolder 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
BST:SKDE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Svolder Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SKDE Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:SKDE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-08-31 -0.51
2019-05-31 8.14
2019-02-28 6.80
2018-11-30 -2.05
2018-08-31 13.47
2018-05-31 6.77
2018-02-28 8.01
2017-11-30 20.90
2017-08-31 25.96
2017-05-31 38.60
2017-02-28 37.54
2016-11-30 22.79

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

Next steps:

  1. Examine whether Svolder is trading at Svolder'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. Svolder'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 Diversified Financials companies here
  3. Svolder'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 Svolder'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 Europe 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.
Svolder 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.

Past Performance

  How has Svolder 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 Svolder's growth in the last year to its industry (Diversified Financial).
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.
  • Svolder does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Svolder's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Svolder's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Svolder'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 Svolder Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SKDE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 11.60 -13.10 24.35
2019-05-31 359.40 198.70 23.63
2019-02-28 372.00 174.80 23.53
2018-11-30 371.80 -52.30 23.13
2018-08-31 368.60 344.90 23.73
2018-05-31 699.50 172.60 29.97
2018-02-28 691.70 204.90 28.17
2017-11-30 690.80 537.40 26.67
2017-08-31 689.50 664.70 24.57
2017-05-31 776.00 987.00 24.05
2017-02-28 760.00 960.00 23.85
2016-11-30 761.20 583.00 23.55
2016-08-31 761.20 739.50 22.95
2016-05-31 202.60 354.00 15.46
2016-02-29 200.00 218.00 15.26
2015-11-30 200.90 393.50 15.16
2015-08-31 201.70 190.40 15.26
2015-05-31 317.30 204.80 19.01
2015-02-28 315.10 261.70 18.91
2014-11-30 313.00 239.10 18.71
2014-08-31 312.40 297.00 19.01
2014-05-31 286.50 395.10 18.83
2014-02-28 286.00 292.30 19.13
2013-11-30 286.00 358.20 19.13
2013-08-31 285.80 270.20 18.83
2013-05-31 29.40 194.60 16.22
2013-02-28 34.00 144.20 16.62
2012-11-30 34.00 75.70 17.02

*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 Svolder has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Svolder has efficiently used its assets last year compared to the DE Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Svolder 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 Svolder'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 Diversified Financial 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.
Svolder 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 Svolder'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 Svolder's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Svolder is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Svolder has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Svolder's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Svolder has no debt, it does not need to be covered by short term assets.
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 Svolder Company Filings, last reported 2 months ago.

BST:SKDE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 3,051.10 0.00 220.20
2019-05-31 3,080.80 0.00 254.50
2019-02-28 2,868.50 0.00 176.90
2018-11-30 2,622.70 0.00 178.70
2018-08-31 3,115.40 0.00 357.00
2018-05-31 2,933.40 0.00 279.20
2018-02-28 2,745.00 0.00 59.20
2017-11-30 2,726.30 0.00 33.10
2017-08-31 2,812.10 0.00 140.80
2017-05-31 2,802.40 0.00 100.60
2017-02-28 2,581.70 0.00 245.30
2016-11-30 2,230.40 0.00 89.90
2016-08-31 2,182.50 0.00 249.70
2016-05-31 1,850.60 0.00 214.60
2016-02-29 1,656.80 0.00 67.20
2015-11-30 1,682.60 0.00 124.30
2015-08-31 1,475.00 0.00 68.70
2015-05-31 1,528.50 0.00 101.00
2015-02-28 1,470.80 0.00 142.60
2014-11-30 1,321.10 0.00 6.00
2014-08-31 1,313.40 0.00 24.70
2014-05-31 1,352.40 0.00 97.40
2014-02-28 1,237.90 0.00 97.00
2013-11-30 1,110.80 0.00 58.40
2013-08-31 1,043.20 0.00 59.00
2013-05-31 984.30 0.00 95.80
2013-02-28 972.50 0.00 97.30
2012-11-30 779.50 0.00 50.30
  • Svolder has no debt.
  • Svolder has not taken on any debt in the past 5 years.
  • Svolder has no debt, it does not need to be covered by operating cash flow.
  • Svolder has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Svolder'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. Svolder has a total score of 6/6, 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 Svolder'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
1.82%
Current annual income from Svolder dividends.
If you bought €2,000 of Svolder shares you are expected to receive €36 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?
  • Svolder's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Svolder's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Upcoming dividend payment

Purchase Svolder before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:SKDE 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
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3%
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.

BST:SKDE Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
BST:SKDE Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-10-22 2.150 1.884
2019-09-19 2.150 1.996
2018-10-24 2.000 1.910
2018-09-27 2.000 1.987
2017-10-24 1.625 1.638
2017-09-21 1.625 1.434
2016-10-24 1.375 1.340
2016-09-23 1.375 1.497
2015-10-27 1.250 1.949
2015-09-25 1.250 2.326
2014-10-28 1.125 2.229
2014-09-26 1.125 2.561
2013-10-29 1.050 2.356
2013-09-27 1.050 2.785
2012-10-26 1.650 5.407
2012-09-26 1.650 5.860
2011-10-27 1.650 6.026
2011-09-27 1.650 6.015
2010-10-28 2.000 5.953
2010-09-22 2.000 5.682
2009-10-29 1.500 4.803
2009-09-24 1.500 5.157

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 Svolder'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
  • 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 Svolder'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 Svolder afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Svolder 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 Svolder'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
Ulf Hedlundh
COMPENSATION SEK2,883,000
AGE 59
CEO Bio

Mr. Ulf Hedlundh serves as Chief Executive Officer at Svolder AB and served as its Managing Director. Mr. Hedlundh worked on the financial market since 1983. He served as a Director of Svolder AB since 1993. He served as a Director of Acando AB (formerly, Acandofrontec Ab) from April 27, 2006 to 2009. Mr. Hedlundh is a Bachelor of Commerce.

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

Ulf Hedlundh

TITLE
Chief Executive Officer
COMPENSATION
SEK3M
AGE
59

Pontus Ejderhamn

TITLE
Chief Financial Officer
AGE
52

Sari Österberg

TITLE
Head of Accounts
AGE
50

Magnus Molin

TITLE
Senior Analyst & Manager
AGE
58

Lotta Eriksson

TITLE
Financial Assistant
AGE
54

Kristian Åkesson

TITLE
AGE
43
Board of Directors Tenure

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

6.8
Average Tenure
61
Average Age
  • The tenure for the Svolder board of directors is about average.
Board of Directors

Fredrik Carlsson

TITLE
Chairman
COMPENSATION
SEK320K
AGE
49
TENURE
6.8 yrs

Rolf Lundstrom

TITLE
Director
COMPENSATION
SEK150K
AGE
83
TENURE
15.8 yrs

Mats Andersson

TITLE
Director
COMPENSATION
SEK150K
AGE
65
TENURE
9.8 yrs

Johan Qviberg

TITLE
Director
COMPENSATION
SEK160K
AGE
38
TENURE
6.8 yrs

Viveka Ekberg

TITLE
Director
COMPENSATION
SEK160K
AGE
57
TENURE
5.8 yrs

Eva Cederbalk

TITLE
Director
COMPENSATION
SEK160K
AGE
67
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Svolder individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Sep 19 Buy Ulf Hedlundh Individual 23. Sep 19 23. Sep 19 1,000 €10.01 €10,008
01. Nov 19 Buy Ulf Hedlundh Individual 23. Oct 19 23. Oct 19 1,283 €10.46 €13,426
24. Oct 19 Buy Ulf Hedlundh Individual 23. Oct 19 23. Oct 19 717 €10.20 €7,316
03. Oct 19 Buy Ulf Hedlundh Individual 01. Oct 19 02. Oct 19 2,000 €9.90 €19,516
27. Sep 19 Buy Pontus Ejderhamn Individual 26. Sep 19 27. Sep 19 12,700 €10.07 €126,831
19. Aug 19 Buy Ulf Hedlundh Individual 15. Aug 19 15. Aug 19 1,000 €10.01 €10,007
08. Aug 19 Buy Ulf Hedlundh Individual 07. Aug 19 07. Aug 19 1,000 €10.54 €10,542
11. Feb 19 Buy Ulf Hedlundh Individual 11. Feb 19 11. Feb 19 1,000 €8.74 €8,741
21. Dec 18 Buy Anna-Maria Törnblom Individual 20. Dec 18 21. Dec 18 23,000 €8.59 €196,702
20. Dec 18 Buy Ulf Hedlundh Individual 18. Dec 18 19. Dec 18 1,208 €8.55 €10,315
18. Dec 18 Buy Ulf Hedlundh Individual 14. Dec 18 14. Dec 18 792 €8.68 €6,878
X
Management checks
We assess Svolder'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. Svolder 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

Svolder AB operates as an investment trust. It invests in the shares of listed small and medium-size companies in Sweden. Its investment portfolio includes energy and utilities, materials, capital goods, commercial services, transportation, consumer discretionary and services, consumer staples, healthcare, financial and real estate, software and services, technology hardware and equipment, and telecommunication sectors. The company was founded in 1993 and is based in Stockholm, Sweden.

Details
Name: Svolder AB (publ)
SKDE
Exchange: BST
Founded: 1993
SEK287,701,347
25,600,000
Website: http://svolder.se
Address: Svolder AB (publ)
Birger Jarlsgatan 13,
Stockholm,
Stockholm County, 111 45,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SVOL B Series B Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 19. Jul 1993
BST SKDE Series B Ordinary Shares Boerse-Stuttgart DE EUR 19. Jul 1993
LSE 0GWR Series B Ordinary Shares London Stock Exchange GB SEK 19. Jul 1993
BATS-CHIXE SVOLBS Series B Ordinary Shares BATS 'Chi-X Europe' GB SEK 19. Jul 1993
OM SVOL A NPV A (POST SPLIT) OMX Nordic Exchange Stockholm SE SEK 14. Dec 2017
OM SVOL A Series A Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 15. Jul 1993
Number of employees
Current staff
Staff numbers
0
Svolder employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:05
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2018/11/16
Last earnings filing: 2019/10/22
Last earnings reported: 2019/08/31
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.