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Ratos

DB:RAZB
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAZB
DB
SEK7B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Ratos is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Ratos has significant price volatility in the past 3 months.
RAZB Share Price and Events
7 Day Returns
6.7%
DB:RAZB
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-6.7%
DB:RAZB
-6.9%
DE Capital Markets
-17.2%
DE Market
RAZB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ratos (RAZB) 6.7% -36.6% -43.6% -6.7% -59.3% -72.9%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • RAZB matched the Capital Markets industry (-6.9%) over the past year.
  • RAZB outperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
RAZB
Industry
5yr Volatility vs Market

Value

 Is Ratos 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
  • It is not possible to calculate the future cash flow value for Ratos. This is due to cash flow or dividend data being unavailable. The share price is €1.771.
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 Ratos's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ratos's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RAZB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK2.11
OM:RATO B Share Price ** OM (2020-04-01) in SEK SEK19.72
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Ratos.

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

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

= 19.72 ÷ 2.11

9.35x

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

  • Ratos is good value based on earnings compared to the DE Capital Markets industry average.
  • Ratos is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Ratos's expected growth come at a high price?
Raw Data
DB:RAZB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*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 Ratos, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ratos's assets?
Raw Data
DB:RAZB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK29.15
OM:RATO B Share Price * OM (2020-04-01) in SEK SEK19.72
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:RAZB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.72 ÷ 29.15

0.68x

* Primary Listing of Ratos.

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

  • Ratos is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Ratos'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Ratos 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 Ratos 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 Ratos 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
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ratos expected to grow at an attractive rate?
  • Unable to compare Ratos's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ratos's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Ratos's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:RAZB Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
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:RAZB 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:RAZB Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-01
DB:RAZB Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 25,061 1,909 673
2019-09-30 24,774 1,664 54
2019-06-30 24,203 1,363 -490
2019-03-31 23,719 1,016 -411
2018-12-31 23,125 732 -448
2018-09-30 22,618 1,315 -342
2018-06-30 22,537 1,335 340
2018-03-31 22,409 1,141 185
2017-12-31 23,059 1,299 229
2017-09-30 24,296 1,358 2,116
2017-06-30 25,257 1,769 -253
2017-03-31 24,884 1,115 -637

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ratos is high growth as no earnings estimate data is available.
  • Unable to determine if Ratos 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:RAZB 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 Ratos Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RAZB Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-01
DB:RAZB Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 2.11
2019-09-30 0.17
2019-06-30 -1.54
2019-03-31 -1.29
2018-12-31 -1.40
2018-09-30 -1.07
2018-06-30 1.07
2018-03-31 0.58
2017-12-31 0.72
2017-09-30 6.63
2017-06-30 -0.79
2017-03-31 -2.00

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

Next steps:

  1. Examine whether Ratos is trading at Ratos'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. Ratos'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. Ratos'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 Ratos's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ratos 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 Ratos 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 Ratos's growth in the last year to its industry (Capital Markets).
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.
  • Ratos's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Ratos has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Ratos has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Ratos'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 Ratos Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RAZB Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 25,061.00 673.00 8,718.00
2019-09-30 24,774.00 54.00 6,685.00
2019-06-30 24,203.00 -490.00 6,839.00
2019-03-31 23,719.00 -411.00 7,044.00
2018-12-31 23,125.00 -448.00 9,123.00
2018-09-30 22,618.00 -342.00 9,237.00
2018-06-30 22,537.00 340.00 8,456.00
2018-03-31 22,409.00 185.00 6,936.00
2017-12-31 23,059.00 229.00 7,023.00
2017-09-30 24,296.00 2,116.00 7,294.00
2017-06-30 25,257.00 -253.00 7,509.00
2017-03-31 24,884.00 -637.00 7,687.00
2016-12-31 25,228.00 -572.00 7,797.00
2016-09-30 25,097.00 -2,493.00 7,588.00
2016-06-30 24,338.00 72.00 7,473.00
2016-03-31 24,182.00 398.00 7,487.00
2015-12-31 24,480.00 413.00 7,533.00
2015-09-30 24,679.00 965.00 7,715.00
2015-06-30 26,278.00 1,359.00 8,230.00
2015-03-31 27,479.00 1,059.00 8,648.00
2014-12-31 28,166.00 1,026.00 9,011.00
2014-09-30 29,401.00 932.00 9,388.00
2014-06-30 29,030.00 -192.00 9,276.00
2014-03-31 27,513.00 -185.00 9,059.00
2013-12-31 26,084.00 680.00 8,890.00
2013-09-30 24,928.00 574.00 8,685.00
2013-06-30 24,334.00 1,424.00 8,666.00

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

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

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

Health

 How is Ratos'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 Ratos's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ratos is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ratos's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ratos's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x 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 Ratos Company Filings, last reported 3 months ago.

DB:RAZB Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 11,218.00 5,574.00 3,219.00
2019-09-30 11,578.00 10,472.00 3,159.00
2019-06-30 10,958.00 10,435.00 3,189.00
2019-03-31 10,592.00 10,968.00 2,840.00
2018-12-31 10,630.00 5,841.00 3,404.00
2018-09-30 11,569.00 6,423.00 3,072.00
2018-06-30 11,448.00 6,486.00 3,481.00
2018-03-31 11,794.00 6,995.00 3,805.00
2017-12-31 11,546.00 6,838.00 3,881.00
2017-09-30 12,069.00 7,276.00 3,537.00
2017-06-30 11,461.00 7,867.00 3,196.00
2017-03-31 13,150.00 8,892.00 5,194.00
2016-12-31 13,286.00 8,181.00 4,389.00
2016-09-30 12,733.00 8,775.00 3,752.00
2016-06-30 14,546.00 8,378.00 4,585.00
2016-03-31 15,310.00 8,316.00 6,068.00
2015-12-31 15,301.00 8,232.00 6,455.00
2015-09-30 16,425.00 8,385.00 5,985.00
2015-06-30 16,001.00 8,500.00 4,583.00
2015-03-31 16,918.00 10,707.00 5,132.00
2014-12-31 17,009.00 10,263.00 5,320.00
2014-09-30 16,660.00 10,783.00 1,877.00
2014-06-30 15,318.00 13,140.00 2,064.00
2014-03-31 15,107.00 13,230.00 3,486.00
2013-12-31 16,133.00 12,517.00 3,337.00
2013-09-30 16,098.00 12,908.00 2,776.00
2013-06-30 15,912.00 13,129.00 2,092.00
  • Ratos's level of debt (49.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.4% vs 49.7% today).
  • Debt is well covered by operating cash flow (34.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Ratos'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. Ratos has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Ratos'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
3.3%
Current annual income from Ratos dividends. Estimated to be 3.68% next year.
If you bought €2,000 of Ratos shares you are expected to receive €66 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?
  • Ratos's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Ratos's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
Upcoming dividend payment

Purchase Ratos 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
DB:RAZB 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:RAZB Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.75 1.00
2020-12-31 0.70 1.00
2020-04-01
DB:RAZB Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.650 3.208
2019-02-07 0.500 1.971
2018-03-28 2.000 6.960
2017-04-06 2.000 5.277
2017-03-03 2.000 4.765
2017-02-17 2.000 4.725
2016-04-15 3.250 7.712
2015-03-05 3.250 6.307
2015-02-19 3.250 5.616
2014-03-28 3.000 5.513
2013-04-18 3.000 5.127
2012-02-29 5.500 8.300
2012-02-16 5.500 6.317
2011-04-06 5.250 5.526
2010-04-16 4.750 4.225
2009-04-03 4.500 5.202

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Ratos's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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 Ratos's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ratos afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ratos 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 Ratos'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
Jonas Wiström
COMPENSATION SEK15,300,000
AGE 59
TENURE AS CEO 2.3 years
CEO Bio

Mr. Jonas Wiström, M.Sc., has been President and Chief Executive Officer of Ratos AB since December 13, 2017 and has been Director since 2016. He served as the Chairman of Ratos AB since April 14, 2016 until December 12, 2017. Mr. Wiström served as Chief Executive Officer and President of ÅF Pöyry AB (publ) since 2002 until March 31, 2017. Mr. Wiström served as Chief Executive Officer and President at ÅF Group at CTS Engtec Oy. Mr. Wiström serves as the Vice Chairman of the Board in Teknikföretagen, IVA Business Executives Council and a Board member in Business Sweden and ICC. He serves as a Board Member of the Association of the Swedish IT and Telecom Industry and the Confederation of Swedish Enterprise. Mr. Wiström serves as a Member of the Royal Swedish Academy of Engineering Sciences, IVA. Mr. Wiström was an Acting Senior Vice President of Pulp & Paper at ÅF AB since 2004. He is Former President and Chief Executive Officer of Prevas. He served as Chief Executive Officer of Silicon Graphics northern Europe and held senior positions within Philips, Saab-Scania and Sun Microsystems. He served as a Director at Tieto Oyj from March 23, 2017 to March 22, 2018. He served as a Director at AF-Consult Switzerland AG. He served as a Director of Procure It Right AB. Mr. Wiström served as a Director of ÅF AB since 2002. Mr. Wiström holds M.Sc. from Royal Swedish Institution of Technology (KTH). Mr. Wiström holds M.Sc in engineering from the Stockholm Royal Institute of Technology.

CEO Compensation
  • Jonas's compensation has increased in line with Ratos recently becoming profitable.
  • Jonas's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Ratos management team in years:

0.2
Average Tenure
54.5
Average Age
  • The average tenure for the Ratos management team is less than 2 years, this suggests a new team.
Management Team

Jonas Wiström

TITLE
CEO, President & Director
COMPENSATION
SEK15M
AGE
59
TENURE
2.3 yrs

Jonas Ågrup

TITLE
Acting Chief Financial Officer
AGE
59
TENURE
0.2 yrs

Anders Slettengren

TITLE
Head of Business Area Consumer & Technology
AGE
51
TENURE
0.2 yrs

Helene Gustafsson

TITLE
Head of Investor Relations
AGE
37

Magnus Stephensen

TITLE
Secretary to the Board & General Counsel

Christian Gebauer

TITLE
Head of Business Area Construction & Service
AGE
39
TENURE
0.2 yrs

Joakim Twetman

TITLE
Head of Business Area Industry
TENURE
0.2 yrs

Berit Lind

TITLE
Investment Controller
AGE
58

Martina Kengo

TITLE
Business Controller
TENURE
1.3 yrs

Lars Nykvist

TITLE
Chief Executive Officer of Kvdbil
TENURE
1.4 yrs
Board of Directors Tenure

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

3.3
Average Tenure
62.5
Average Age
  • The tenure for the Ratos board of directors is about average.
Board of Directors

Per-Olof Söderberg

TITLE
Chairman of the Board
COMPENSATION
SEK1M
AGE
64
TENURE
2.3 yrs

Jonas Wiström

TITLE
CEO, President & Director
COMPENSATION
SEK15M
AGE
59
TENURE
4.3 yrs

Jan Söderberg

TITLE
Deputy Chairman
COMPENSATION
SEK600K
AGE
63
TENURE
2.3 yrs

Peter Wallin

TITLE
Executive Chairman of the Board of HENT
AGE
52
TENURE
0.2 yrs

Henning Øglænd

TITLE
Industrial Advisor & Chairman of Advisory Board of Norway
AGE
62

Helge Midttun

TITLE
Industrial Advisor & Member of Advisory Board of Norway
AGE
64
TENURE
10.3 yrs

Anders Thoustrup

TITLE
Industrial Advisor & Chairman of Advisory Board of Denmark
AGE
70

Peter Seligson

TITLE
Industrial Advisor & Member of Advisory Board of Finland
AGE
55
TENURE
8.3 yrs

Peter Carrick

TITLE
Industrial Advisor & Member of Advisory Board of Sweden
AGE
67

Per Nordgren

TITLE
Industrial Advisor & Member of Advisory Board of Sweden
AGE
53
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ratos individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Mar 20 Buy Jan Söderberg Individual 13. Mar 20 13. Mar 20 200,000 €1.97 €394,376
13. Mar 20 Buy Jonas Wiström Individual 13. Mar 20 13. Mar 20 20,000 €1.96 €39,290
21. Aug 19 Buy Jan Söderberg Individual 20. Aug 19 20. Aug 19 600,000 €1.92 €1,154,129
X
Management checks
We assess Ratos'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. Ratos 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

Ratos AB (publ) is a private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions. The firm does not invest in early stages and in companies that operate in the arms industry, pornography, or are detrimental to the environment. It seeks to invest in unlisted medium sized companies. The firm invests in industry, construction and services, consumer, and technology sectors. The firm typically invests in the Nordic region, with focus on Sweden, Finland, Denmark, and Norway. It seeks to invest in companies with equity investments between SEK250 million ($29.66 million) and SEK5000 million ($762.77 million), sales value between SEK300 million ($45.77 million) and SEK5000 million (762.77 million) and EBITDA greater than SEK50 million ($5.16 million). The firm prefers to be the principal owner with a minimum holding of at least 20 percent and also seeks a board seat. It prefers to hold its investment between five to ten years. It invests through its own balance sheet and bank loans. Ratos AB (publ) was founded in 1934 and is based in Stockholm, Sweden.

Details
Name: Ratos AB (publ)
RAZB
Exchange: DB
Founded: 1934
SEK645,990,540
319,014,634
Website: http://www.ratos.se
Address: Ratos AB (publ)
Drottninggatan 2,
Box 1661,
Stockholm,
Stockholm County, 111 96,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM RATO B Class B Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
OTCPK RTOB.F Class B Shares Pink Sheets LLC US USD 02. Jan 1992
DB RAZB Class B Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0KBQ Class B Shares London Stock Exchange GB SEK 02. Jan 1992
BATS-CHIXE RATOBS Class B Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
OM RATO A Class A Shares OMX Nordic Exchange Stockholm SE SEK 19. Aug 1992
LSE 0GWP Class A Shares London Stock Exchange GB SEK 19. Aug 1992
BATS-CHIXE RATOAS Class A Shares BATS 'Chi-X Europe' GB SEK 19. Aug 1992
Number of employees
Current staff
Staff numbers
12,200
Ratos employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 22:13
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/02/11
Last earnings filing: 2020/03/05
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.