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L E Lundbergföretagen

DB:LU3B
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LU3B
DB
SEK90B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

L E Lundbergföretagen AB (publ), through its subsidiaries, manufactures and sells printing paper, paperboard, and sawn timber products primarily in Sweden. The last earnings update was 46 days ago. More info.


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LU3B Share Price and Events
7 Day Returns
1.3%
DB:LU3B
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
23.1%
DB:LU3B
1.4%
DE Diversified Financial
2.6%
DE Market
LU3B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
L E Lundbergföretagen (LU3B) 1.3% -5.2% -0.5% 23.1% - -
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • LU3B outperformed the Diversified Financial industry which returned 1.4% over the past year.
  • LU3B outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
LU3B
Industry
5yr Volatility vs Market

Value

 Is L E Lundbergföretagen 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 L E Lundbergföretagen 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 L E Lundbergföretagen.

DB:LU3B 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
= SEK252.40 * 11%
SEK27.78
Book Value of Equity per Share Median Book Value from the past 5 years. SEK252.40
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:LU3B
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))
= 0.72 (1 + (1- 22%) (0%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.812 * 5.96%)
5.07%

Discounted Cash Flow Calculation for DB:LU3B using Excess Returns Model Model

The calculations below outline how an intrinsic value for L E Lundbergföretagen 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:LU3B Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11% – 5.07%) * SEK252.40)
SEK14.99
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SEK14.99 / (5.07% - 0.23%)
SEK309.72
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SEK252.40 + SEK309.72
SEK562.12
DB:LU3B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LU3B represents 0.09191x of OM:LUND B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09191x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 562.12 x 0.09191
€51.67
Value per share (EUR) From above. €51.67
Current discount Discount to share price of €33.18
= -1 x (€33.18 - €51.67) / €51.67
35.8%

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

Current Discount
Amount off the current price L E Lundbergföretagen is available for.
Intrinsic value
36%
Share price is €33.18 vs Future cash flow value of €51.67
Current Discount Checks
For L E Lundbergföretagen to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • L E Lundbergföretagen's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • L E Lundbergföretagen's share price is below the future cash flow value, but not 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 L E Lundbergföretagen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are L E Lundbergföretagen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LU3B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in SEK SEK23.88
OM:LUND B Share Price ** OM (2019-10-11) in SEK SEK361
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of L E Lundbergföretagen.

DB:LU3B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 361 ÷ 23.88

15.12x

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

  • L E Lundbergföretagen is good value based on earnings compared to the DE Diversified Financial industry average.
  • L E Lundbergföretagen is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does L E Lundbergföretagen's expected growth come at a high price?
Raw Data
DB:LU3B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.5%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*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 L E Lundbergföretagen, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on L E Lundbergföretagen's assets?
Raw Data
DB:LU3B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in SEK SEK285.04
OM:LUND B Share Price * OM (2019-10-11) in SEK SEK361
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:LU3B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 361 ÷ 285.04

1.27x

* Primary Listing of L E Lundbergföretagen.

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

  • L E Lundbergföretagen is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess L E Lundbergföretagen'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. L E Lundbergföretagen 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.

Future Performance

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

  • No analysts cover L E Lundbergföretagen, future earnings growth has been estimated based on fundamentals.
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
18.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is L E Lundbergföretagen expected to grow at an attractive rate?
  • L E Lundbergföretagen's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • L E Lundbergföretagen's earnings growth is expected to exceed the Germany market average.
  • Unable to compare L E Lundbergföretagen's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:LU3B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LU3B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.5%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:LU3B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
DB:LU3B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-10-12
DB:LU3B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-06-30 23,524 5,945 5,921
2019-03-31 22,252 4,571 6,032
2018-12-31 19,668 5,061 3,590
2018-09-30 22,644 5,046 6,459
2018-06-30 21,856 4,737 5,590
2018-03-31 22,234 4,916 5,350
2017-12-31 23,755 5,070 6,682
2017-09-30 24,656 4,384 8,092
2017-06-30 25,501 4,620 9,594
2017-03-31 24,544 4,433 8,870
2016-12-31 23,330 4,380 12,242
2016-09-30 21,971 4,860 11,195

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • L E Lundbergföretagen's earnings are expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if L E Lundbergföretagen is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:LU3B 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 0 Analyst Estimates (S&P Global) See Below

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

DB:LU3B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-10-12
DB:LU3B Past Financials Data
Date (Data in SEK Millions) EPS *
2019-06-30 23.88
2019-03-31 24.33
2018-12-31 14.48
2018-09-30 26.04
2018-06-30 22.53
2018-03-31 21.57
2017-12-31 26.94
2017-09-30 32.63
2017-06-30 38.69
2017-03-31 35.76
2016-12-31 49.37
2016-09-30 45.14

*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 L E Lundbergföretagen will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess L E Lundbergföretagen'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.
L E Lundbergföretagen has a total score of 2/6, see the detailed checks below.

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

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

Past Performance

  How has L E Lundbergföretagen 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 L E Lundbergföretagen'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.
  • L E Lundbergföretagen's year on year earnings growth rate has been positive over the past 5 years.
  • L E Lundbergföretagen's 1-year earnings growth is less than its 5-year average (5.9% vs 8.5%)
  • L E Lundbergföretagen's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (5.9% vs 3.5%).
Earnings and Revenue History
L E Lundbergföretagen'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 L E Lundbergföretagen Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LU3B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 23,524.00 5,921.00 7,098.00
2019-03-31 22,252.00 6,032.00 7,098.00
2018-12-31 19,668.00 3,590.00 7,098.00
2018-09-30 22,644.00 6,459.00 6,903.00
2018-06-30 21,856.00 5,590.00 6,903.00
2018-03-31 22,234.00 5,350.00 6,903.00
2017-12-31 23,755.00 6,682.00 6,903.00
2017-09-30 24,656.00 8,092.00 6,584.00
2017-06-30 25,501.00 9,594.00 6,584.00
2017-03-31 24,544.00 8,870.00 6,584.00
2016-12-31 23,330.00 12,242.00 6,584.00
2016-09-30 21,971.00 11,195.00 7,199.00
2016-06-30 20,958.00 9,382.00 7,199.00
2016-03-31 21,567.00 9,692.00 7,199.00
2015-12-31 21,029.00 4,376.00 7,199.00
2015-09-30 21,370.00 3,827.00 6,720.00
2015-06-30 21,250.00 3,577.00 6,720.00
2015-03-31 20,604.00 3,232.00 6,720.00
2014-12-31 20,573.00 3,193.00 6,720.00
2014-09-30 20,309.00 2,971.00 6,842.00
2014-06-30 20,552.00 3,137.00 6,842.00
2014-03-31 20,942.00 3,445.00 6,842.00
2013-12-31 20,520.00 3,008.00 6,842.00
2013-09-30 21,447.00 4,208.00 7,076.00
2013-06-30 21,408.00 3,872.00 7,076.00
2013-03-31 21,549.00 2,731.00 7,076.00
2012-12-31 22,562.00 3,241.00 7,076.00

*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.
  • L E Lundbergföretagen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • L E Lundbergföretagen used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • L E Lundbergföretagen has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess L E Lundbergföretagen'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.
L E Lundbergföretagen has a total score of 3/6, see the detailed checks below.

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

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

Health

 How is L E Lundbergföretagen'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 L E Lundbergföretagen's finances.

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

DB:LU3B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 102,586.00 0.00 1,262.00
2019-03-31 101,039.00 0.00 1,430.00
2018-12-31 95,844.00 16,538.00 1,466.00
2018-09-30 98,593.00 0.00 1,472.00
2018-06-30 95,366.00 0.00 1,387.00
2018-03-31 92,967.00 0.00 1,642.00
2017-12-31 91,352.00 15,048.00 880.00
2017-09-30 90,209.00 0.00 948.00
2017-06-30 88,542.00 0.00 802.00
2017-03-31 86,644.00 0.00 2,494.00
2016-12-31 84,040.00 16,438.00 1,491.00
2016-09-30 79,236.00 0.00 980.00
2016-06-30 74,989.00 0.00 1,451.00
2016-03-31 74,522.00 0.00 943.00
2015-12-31 72,790.00 16,002.00 818.00
2015-09-30 70,867.00 0.00 1,150.00
2015-06-30 70,635.00 0.00 737.00
2015-03-31 70,802.00 0.00 1,101.00
2014-12-31 67,103.00 16,593.00 888.00
2014-09-30 64,801.00 0.00 938.00
2014-06-30 64,652.00 0.00 826.00
2014-03-31 63,520.00 0.00 1,169.00
2013-12-31 62,164.00 16,008.00 1,000.00
2013-09-30 60,039.00 0.00 1,108.00
2013-06-30 58,419.00 0.00 707.00
2013-03-31 58,970.00 0.00 1,164.00
2012-12-31 57,531.00 15,399.00 1,767.00
  • L E Lundbergföretagen has no debt.
  • L E Lundbergföretagen currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • L E Lundbergföretagen has no debt, it does not need to be covered by operating cash flow.
  • L E Lundbergföretagen has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess L E Lundbergföretagen'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. L E Lundbergföretagen has a total score of 4/6, 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 L E Lundbergföretagen'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
0.89%
Current annual income from L E Lundbergföretagen dividends. Estimated to be 1.23% next year.
If you bought €2,000 of L E Lundbergföretagen shares you are expected to receive €18 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?
  • L E Lundbergföretagen's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • L E Lundbergföretagen's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:LU3B 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 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:LU3B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 4.00 1.00
2020-12-31 5.63 2.00
2019-12-31 3.45 2.00
2019-10-12
DB:LU3B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-04 3.200 0.962
2019-02-21 3.200 1.117
2018-03-05 3.000 1.051
2018-02-21 3.000 0.965
2017-03-01 2.800 0.882
2016-02-26 2.650 1.040
2015-04-15 2.500 1.219
2014-04-09 2.300 1.413
2013-04-09 2.150 1.586
2012-04-12 2.000 1.759
2011-04-06 1.875 1.748
2010-04-13 1.625 1.593
2009-03-31 1.500 1.831

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of L E Lundbergföretagen's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess L E Lundbergföretagen's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 L E Lundbergföretagen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. L E Lundbergföretagen has a total score of 3/6, 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 L E Lundbergföretagen'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
Fredrik Lundberg
COMPENSATION SEK1,500,000
AGE 68
CEO Bio

Dr. Fredrik Lundberg serves as Director of Skanska AB since 2011. He is the Chairman of AB Industrivärden and Holmen AB. He is the Chairman of Hufvudstaden AB. He was Chairman of Indutrade AB until April 26, 2018. He has been Vice Chairman of Svenska Handelsbanken AB (publ) since April 23, 2008 and its Director since 2002. He has been a Director of L E Lundbergföretagen AB and Stadium AB. He served President and Chief Executive Officer of L E Lundbergföretagen AB. Dr. Lundberg Hold M.Sc. Engineering, Royal Institute of Technology, Stockholm, MBA, Stockholm School of Economics, Dr. (Econ.) h.c., Stockholm School of Economics and Dr. (Eng.) h.c., Linköping University.

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

Fredrik Lundberg

TITLE
President
COMPENSATION
SEK2M
AGE
68

Lars Johansson

TITLE
Chief Financial Officer
AGE
53

Roger Ekström

TITLE
Director of Communications
AGE
58
TENURE
2.8 yrs

Claes Boustedt

TITLE
Executive Vice President
AGE
57

Ivo Stopner

TITLE
Chief Executive Officer of Hufvudstaden
AGE
57
Board of Directors Tenure

Average tenure and age of the L E Lundbergföretagen board of directors in years:

10.6
Average Tenure
64
Average Age
  • The average tenure for the L E Lundbergföretagen board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mats Guldbrand

TITLE
Chairman
COMPENSATION
SEK800K
AGE
74
TENURE
10.6 yrs

Fredrik Lundberg

TITLE
President
COMPENSATION
SEK2M
AGE
68
TENURE
44.8 yrs

Sten Peterson

TITLE
Director
COMPENSATION
SEK300K
AGE
63
TENURE
18.8 yrs

Carl Bennet

TITLE
Director
COMPENSATION
SEK300K
AGE
68
TENURE
10.6 yrs

Louise Lindh

TITLE
Director
COMPENSATION
SEK300K
AGE
40
TENURE
9.5 yrs

Katarina Martinson

TITLE
Director
COMPENSATION
SEK300K
AGE
38
TENURE
10.8 yrs

Lars Pettersson

TITLE
Director
COMPENSATION
SEK300K
AGE
65
TENURE
7.8 yrs

Lilian Biner

TITLE
Director
COMPENSATION
SEK300K
AGE
57
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess L E Lundbergföretagen'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. L E Lundbergföretagen 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

L E Lundbergföretagen AB (publ), through its subsidiaries, manufactures and sells printing paper, paperboard, and sawn timber products primarily in Sweden. It operates through four segments: Lundberg’s Real Estate Operations, Lundberg's Equity Management, Hufvudstaden, and Holmen. The company offers printing paper for magazines, product catalogs, direct advertising, books, and newspapers; and solid board and folding boxboards primarily for use as consumer packaging materials for confectionary, perfume, pharmaceuticals, and cosmetics, as well as for graphic-design applications. It is also involved in the forest and power operations; and equity management, including securities trading. In addition, the company invests in, develops, manages, and leases real estate properties, including residential, office, and retail properties. L E Lundbergföretagen AB (publ) was founded in 1944 and is headquartered in Stockholm, Sweden.

Details
Name: L E Lundbergföretagen AB (publ)
LU3B
Exchange: DB
Founded: 1944
SEK8,278,398,653
248,000,000
Website: http://www.lundbergforetagen.se
Address: L E Lundbergföretagen AB (publ)
Hovslagargatan 5 B,
PO Box 14048,
Stockholm,
104 40,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM LUND B Series B Shares OMX Nordic Exchange Stockholm SE SEK 19. Aug 1992
DB LU3B Series B Shares Deutsche Boerse AG DE EUR 19. Aug 1992
LSE 0GWB Series B Shares London Stock Exchange GB SEK 19. Aug 1992
BATS-CHIXE LUNDBS Series B Shares BATS 'Chi-X Europe' GB SEK 19. Aug 1992
Number of employees
Current staff
Staff numbers
3,245
L E Lundbergföretagen employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:45
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/03
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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

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