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Axactor

DB:2LJ
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2LJ
DB
NOK1B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Axactor SE, through its subsidiaries, operates as a debt management company in Sweden, Finland, Germany, Italy, Norway, and Spain. The last earnings update was 19 days ago. More info.


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  • Axactor has significant price volatility in the past 3 months.
2LJ Share Price and Events
7 Day Returns
-5.7%
DB:2LJ
6%
Europe Consumer Finance
7.3%
DE Market
1 Year Returns
-78.6%
DB:2LJ
-48.3%
Europe Consumer Finance
-17.7%
DE Market
2LJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axactor (2LJ) -5.7% -67.5% -78.9% -78.6% -83.2% -57.9%
Europe Consumer Finance 6% -34.5% -40.3% -48.3% -64.4% -63.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 2LJ underperformed the Consumer Finance industry which returned -48.3% over the past year.
  • 2LJ underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
2LJ
Industry
5yr Volatility vs Market
Related Companies

2LJ Value

 Is Axactor 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 Axactor 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 Axactor.

DB:2LJ 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
= €2.41 * 0.8%
€0.02
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. €2.41
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:2LJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 23%) (1015.3%))
3.789
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:2LJ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Axactor 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.

DB:2LJ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (0.8% – 10.49%) * €2.41)
€-0.23
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.23 / (10.49% - -0.39%)
€-2.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €2.41 + €-2.16
€0.25
DB:2LJ Discount to Share Price
Calculation Result
Exchange Rate EUR/NOK
(Reporting currency to currency of OB:AXA)
11.564
Value per Share
(NOK)
= Value per Share in EUR x Exchange Rate (EUR/NOK)
= €0.25 x 11.564
NOK2.95
Non-primary Listing Adjustment Factor 1 share in DB:2LJ represents 0.06887x of OB:AXA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.06887x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 2.95 x 0.06887
€0.20
Value per share (EUR) From above. €0.20
Current discount Discount to share price of €0.40
= -1 x (€0.40 - €0.20) / €0.20
-95%

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

  • The current share price of Axactor is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Axactor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axactor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2LJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.11
OB:AXA Share Price ** OB (2020-03-30) in NOK NOK5.75
OB:AXA Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.086 €0.5
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.55x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Axactor.

DB:2LJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:AXA Share Price ÷ EPS (both in EUR)

= 0.5 ÷ 0.11

4.71x

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

  • Axactor is good value based on earnings compared to the Europe Consumer Finance industry average.
  • Axactor is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Axactor's expected growth come at a high price?
Raw Data
DB:2LJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
29.2%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.41x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:2LJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.71x ÷ 29.2%

0.16x

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

  • Axactor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Axactor's assets?
Raw Data
DB:2LJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.81
OB:AXA Share Price * OB (2020-03-30) in NOK NOK5.75
OB:AXA Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.086 €0.5
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.71x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:2LJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:AXA Share Price ÷ Book Value per Share (both in EUR)

= 0.5 ÷ 1.81

0.28x

* Primary Listing of Axactor.

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

  • Axactor is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Axactor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Axactor 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.

2LJ Future Performance

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

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axactor expected to grow at an attractive rate?
  • Axactor's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Axactor's earnings growth is expected to exceed the Germany market average.
  • Axactor's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2LJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2LJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 29.2%
DB:2LJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.3%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:2LJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2LJ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 405 210 43 1
2021-12-31 406 196 43 1
2020-12-31 413 157 29 1
2020-03-30
DB:2LJ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 285 242 16
2019-09-30 278 213 15
2019-06-30 263 189 12
2019-03-31 245 181 8
2018-12-31 207 136 4
2018-09-30 168 104 -1
2018-06-30 139 80 -2
2018-03-31 106 44 3
2017-12-31 88 23 3
2017-09-30 76 9 -1
2017-06-30 66 -1 -4
2017-03-31 52 -10 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Axactor's earnings are expected to grow significantly at over 20% yearly.
  • Axactor's revenue is expected to grow by 9.3% 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:2LJ 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 3 Analyst Estimates (S&P Global) See Below

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

DB:2LJ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.24 0.32 0.16 3.00
2021-12-31 0.24 0.30 0.17 3.00
2020-12-31 0.15 0.18 0.12 3.00
2020-03-30
DB:2LJ Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.11
2019-09-30 0.10
2019-06-30 0.08
2019-03-31 0.05
2018-12-31 0.03
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 -0.01
2017-06-30 -0.04
2017-03-31 -0.10

*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.
  • Axactor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Axactor'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 Europe 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.
Axactor has a total score of 4/6, see the detailed checks below.

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

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

2LJ Past Performance

  How has Axactor 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 Axactor's growth in the last year to its industry (Consumer Finance).
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.
  • Axactor has delivered over 20% year on year earnings growth in the past 5 years.
  • Axactor's 1-year earnings growth exceeds its 5-year average (263.4% vs 58.4%)
  • Axactor's earnings growth has exceeded the Europe Consumer Finance industry average in the past year (263.4% vs 17.9%).
Earnings and Revenue History
Axactor'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 Axactor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2LJ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 285.16 16.33 57.71
2019-09-30 278.36 15.50 59.27
2019-06-30 262.79 12.30 57.86
2019-03-31 244.76 7.95 57.08
2018-12-31 206.91 4.49 52.13
2018-09-30 167.53 -0.52 53.74
2018-06-30 138.91 -1.53 53.82
2018-03-31 106.12 2.85 51.23
2017-12-31 87.75 2.62 47.76
2017-09-30 75.53 -1.44 42.17
2017-06-30 66.15 -3.81 36.13
2017-03-31 51.51 -11.23 29.46
2016-12-31 37.07 -11.17 21.74
2016-09-30 21.10 -12.05 12.21
2016-06-30 10.41 -10.59 6.61
2016-03-31 3.47 -8.14 2.72
2015-12-31 0.48 -6.69 0.56
2015-09-30 -1.11 -0.86
2015-06-30 -0.77 -0.75
2015-03-31 -0.77 -0.34
2014-12-31 -1.02 -0.01
2014-09-30 -2.82 1.75
2014-06-30 -3.08 2.03
2014-03-31 -3.37 2.09
2013-12-31 -3.67 2.41
2013-09-30 -13.27 2.21
2013-06-30 -13.24 2.24
2013-03-31 -14.54 2.98

*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.
  • Axactor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Axactor used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Axactor has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Axactor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance 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.
Axactor has a total score of 4/6, 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.

2LJ Health

 How is Axactor'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 Axactor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Axactor's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Axactor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Axactor'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.
  • Debt is not covered by short term assets, assets are 0.3x 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 Axactor Company Filings, last reported 2 months ago.

DB:2LJ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 377.63 929.93 71.66
2019-09-30 371.11 874.01 60.48
2019-06-30 375.91 831.75 66.51
2019-03-31 360.40 787.01 119.89
2018-12-31 328.17 737.13 67.59
2018-09-30 326.69 477.41 112.02
2018-06-30 314.23 406.63 121.00
2018-03-31 295.87 466.96 195.91
2017-12-31 291.83 298.76 48.60
2017-09-30 259.95 116.09 54.75
2017-06-30 192.36 128.24 19.56
2017-03-31 181.35 66.04 52.80
2016-12-31 182.89 75.30 62.65
2016-09-30 107.70 84.59 32.01
2016-06-30 109.04 37.02 30.11
2016-03-31 61.02 0.00 20.13
2015-12-31 52.03 0.98 40.18
2015-09-30 7.57 0.96 5.42
2015-06-30 8.18 0.98 5.94
2015-03-31 17.24 0.54 6.24
2014-12-31 16.98 0.64 6.49
2014-09-30 14.26 0.68 0.09
2014-06-30 14.31 0.57 0.13
2014-03-31 14.49 1.17 0.78
2013-12-31 14.09 2.33 1.73
2013-09-30 16.95 0.58 0.03
2013-06-30 17.17 0.57 0.09
2013-03-31 28.04 0.60 0.85
  • Axactor's level of debt (246.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.8% vs 246.3% today).
  • Debt is well covered by operating cash flow (26%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Axactor'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. Axactor has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

2LJ Dividends

 What is Axactor'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
0%
Current annual income from Axactor dividends. Estimated to be 0% next year.
If you bought €2,000 of Axactor shares you are expected to receive €0 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?
  • Unable to evaluate Axactor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Axactor's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:2LJ 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 3 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:2LJ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-03-30

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

  • Unable to perform a dividend volatility check as Axactor has not reported any payouts.
  • Unable to verify if Axactor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Axactor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Axactor has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Axactor's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Axactor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Axactor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axactor has a total score of 0/6, see the detailed checks below.


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

2LJ Management

 What is the CEO of Axactor'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
Endre Rangnes
COMPENSATION €1,232,000
AGE 60
TENURE AS CEO 4.3 years
CEO Bio

Mr. Endre Rangnes has been the Chief Executive Officer of Axactor AB (publ) (formerly, Nickel Mountain Group AB (publ)) since November 19, 2015. Mr. Rangnes served as Executive at Lock Lower Holding AS. Mr. Rangnes served as the Chief Executive Officer of Lindorff Group AB since April, 2010. He served as the President of EVRY AS (formerly known as, EDB Business Partner ASA) since June 1, 2003 and served as its Chief Executive Officer from April 2003 to January 2010. He has been the Managing Director of IBM Norway, since 1999. He has been with IBM since 1984 and has held a number of senior positions in IBM, including postings in Paris and Stockholm. He serves as the Chairman of the board of the trade association ICT Norway. He has been an Independent Director at Tieto Oyj since March 20, 2014. He serves as a Director of Relacom Holding AB. He served as a Director of Relacom. He served as a Director of Relacom AB. He serves as a Member of the Norwegian Government's Consultative Committee for ICT issues. Mr. Rangnes holds Bachelors degree from Oslo Business School.

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

Average tenure of the Axactor management team in years:

3.2
Average Tenure
  • The tenure for the Axactor management team is about average.
Management Team

Endre Rangnes

TITLE
Chief Executive Officer
COMPENSATION
€1M
AGE
60
TENURE
4.3 yrs

Johnny Vasili

TITLE
Chief Financial Officer
COMPENSATION
€562K
TENURE
2 yrs

Oddgeir Hansen

TITLE
Chief Operating Officer
COMPENSATION
€583K
AGE
65
TENURE
4.3 yrs

Vibeke Ly

TITLE
Head of Group Legal & Compliance
COMPENSATION
€201K
TENURE
1.7 yrs

Siv Farstad

TITLE
Executive Vice President of Human Resources
COMPENSATION
€290K
TENURE
4.3 yrs

Robin Knowles

TITLE
Executive Vice President of Portfolio Acquisitions
COMPENSATION
€419K

David Martin

TITLE
Country Manager of Spain
COMPENSATION
€429K

Andrés López

TITLE
Country Manager Spain
COMPENSATION
€429K

Stina Koren

TITLE
Country Manager of Norway
COMPENSATION
€207K
TENURE
1.5 yrs

Jarkko Jalonen

TITLE
Country Manager of Finland
COMPENSATION
€178K
Board of Directors Tenure

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

3.2
Average Tenure
57
Average Age
  • The tenure for the Axactor board of directors is about average.
Board of Directors

Bjørn Næss

TITLE
Independent Chairman of the Board
COMPENSATION
€56K
AGE
65
TENURE
3 yrs

Merete Haugli

TITLE
Independent Director
COMPENSATION
€31K
AGE
55
TENURE
3.2 yrs

Lars Nilsen

TITLE
Independent Director
COMPENSATION
€36K
TENURE
1.8 yrs

Brita Eilertsen

TITLE
Independent Director
COMPENSATION
€30K
AGE
57
TENURE
3.2 yrs

Beate Nygårdshaug

TITLE
Independent Director
COMPENSATION
€30K
AGE
42
TENURE
3.2 yrs

Terje Mjøs

TITLE
Independent Director
COMPENSATION
€30K
AGE
58
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Axactor individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Buy Endre Rangnes Individual 25. Mar 20 25. Mar 20 800,000 €0.43 €340,323
13. Mar 20 Buy Terje Mjøs Individual 13. Mar 20 13. Mar 20 40,000 €0.60 €23,897
09. Mar 20 Sell Siv Farstad Individual 09. Mar 20 09. Mar 20 -294,810 €0.94 €-275,689
06. Mar 20 Buy Greenwich Holdings Ltd. Company 06. Mar 20 06. Mar 20 500,000 €1.09 €544,206
06. Mar 20 Buy Terje Mjøs Individual 06. Mar 20 06. Mar 20 20,000 €1.09 €21,761
04. Mar 20 Buy Terje Mjøs Individual 04. Mar 20 04. Mar 20 30,000 €1.24 €37,085
28. Feb 20 Buy Greenwich Holdings Ltd. Company 28. Feb 20 28. Feb 20 300,000 €1.25 €375,351
26. Feb 20 Buy Greenwich Holdings Ltd. Company 26. Feb 20 26. Feb 20 200,000 €1.32 €263,844
25. Feb 20 Buy Greenwich Holdings Ltd. Company 25. Feb 20 25. Feb 20 102,539 €1.41 €144,695
24. Feb 20 Buy Greenwich Holdings Ltd. Company 24. Feb 20 24. Feb 20 250,000 €1.46 €365,954
17. Feb 20 Buy Greenwich Holdings Ltd. Company 17. Feb 20 17. Feb 20 200,000 €1.62 €323,192
13. Feb 20 Buy Greenwich Holdings Ltd. Company 13. Feb 20 13. Feb 20 550,000 €1.65 €907,670
12. Feb 20 Buy Greenwich Holdings Ltd. Company 12. Feb 20 12. Feb 20 425,000 €1.66 €703,997
06. Feb 20 Buy Greenwich Holdings Ltd. Company 06. Feb 20 06. Feb 20 12,000,000 €1.70 €20,404,939
22. Nov 19 Buy Greenwich Holdings Ltd. Company 22. Nov 19 22. Nov 19 1,315,000 €1.67 €2,193,774
31. Oct 19 Buy Greenwich Holdings Ltd. Company 31. Oct 19 31. Oct 19 120,000 €1.74 €208,450
30. Oct 19 Buy Greenwich Holdings Ltd. Company 30. Oct 19 30. Oct 19 290,000 €1.74 €504,805
03. Oct 19 Buy Bergsjo As Company 03. Oct 19 03. Oct 19 3,900 €1.59 €6,192
15. Aug 19 Buy Greenwich Holdings Ltd. Company 15. Aug 19 15. Aug 19 210,000 €1.65 €346,071
14. Aug 19 Buy Greenwich Holdings Ltd. Company 14. Aug 19 14. Aug 19 810,000 €1.70 €1,375,387
13. Aug 19 Buy Greenwich Holdings Ltd. Company 13. Aug 19 13. Aug 19 370,000 €1.70 €627,281
12. Aug 19 Buy Greenwich Holdings Ltd. Company 12. Aug 19 12. Aug 19 370,000 €1.69 €625,866
26. Jul 19 Buy Greenwich Holdings Ltd. Company 26. Jul 19 26. Jul 19 720,000 €1.91 €1,374,896
25. Jul 19 Buy Greenwich Holdings Ltd. Company 25. Jul 19 25. Jul 19 275,000 €1.91 €524,156
24. Jul 19 Buy Greenwich Holdings Ltd. Company 24. Jul 19 24. Jul 19 840,000 €1.93 €1,617,310
04. Jun 19 Buy Greenwich Holdings Ltd. Company 04. Jun 19 04. Jun 19 818,046 €1.92 €1,566,888
31. May 19 Buy Greenwich Holdings Ltd. Company 31. May 19 31. May 19 665,039 €1.85 €1,227,050
13. May 19 Buy Greenwich Holdings Ltd. Company 13. May 19 13. May 19 750,000 €2.02 €1,513,944
X
Management checks
We assess Axactor'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. Axactor 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.

2LJ News

Simply Wall St News

2LJ Company Info

Description

Axactor SE, through its subsidiaries, operates as a debt management company in Sweden, Finland, Germany, Italy, Norway, and Spain. The company operates through three segments: Non-performing Loans, Real Estate Assets, and Third-Party Collection. It offers debt collection services, including amicable and legal collection, and surveillance; and debt purchase, acquisition of non-performing loan portfolios, and carve-outs of internal debt collection departments of financial institutions, as well as accounts receivable management for third parties. The company was formerly known as Axactor AB (publ) and changed its name to Axactor SE in August 2018. Axactor SE was founded in 2015 and is headquartered in Oslo, Norway.

Details
Name: Axactor SE
2LJ
Exchange: DB
Founded: 2015
NOK92,185,956
185,395,464
Website: http://www.axactor.com
Address: Axactor SE
Drammensveien 167,
Oslo,
Oslo, 0277,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB AXA Registered Shares Oslo Bors NO NOK 24. Nov 1997
OTCPK NCKK.F Registered Shares Pink Sheets LLC US USD 24. Nov 1997
DB 2LJ Registered Shares Deutsche Boerse AG DE EUR 24. Nov 1997
LSE 0QIG Registered Shares London Stock Exchange GB NOK 24. Nov 1997
BATS-CHIXE AXAO Registered Shares BATS 'Chi-X Europe' GB NOK 24. Nov 1997
Number of employees
Current staff
Staff numbers
1,152
Axactor employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:22
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/11
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.