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AB Sagax

BST:EFEA
Snowflake Description

Questionable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EFEA
BST
SEK41B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

AB Sagax (publ) operates as a property company in Sweden, Finland, France, Germany, the Netherlands, and Denmark. The last earnings update was 24 days ago. More info.


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EFEA Share Price and Events
7 Day Returns
2.9%
BST:EFEA
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
67.4%
BST:EFEA
-1.1%
DE Real Estate
9.9%
DE Market
EFEA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AB Sagax (EFEA) 2.9% 0% 5.9% 67.4% 140.8% 423%
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • EFEA outperformed the Real Estate industry which returned -1.1% over the past year.
  • EFEA outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
EFEA
Industry
5yr Volatility vs Market

EFEA Value

 Is AB Sagax 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 AB Sagax 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 AB Sagax.

BST:EFEA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in SEK SEK 1.000000
Payout Ratio Company Filings (2019-09-30) 1363.2%
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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

Calculation of Discount Rate/ Cost of Equity for BST:EFEA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 22%) (42.16%))
1.365
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.365 * 5.96%)
8.36%

Discounted Cash Flow Calculation for BST:EFEA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for AB Sagax is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:EFEA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SEK1 / (8.36% - 0.23%)
SEK0.1
BST:EFEA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:EFEA represents 0.09153x of OM:SAGA A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09153x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 12.29 x 0.09153
€1.12
Value per share (EUR) From above. €1.12
Current discount Discount to share price of €10.80
= -1 x (€10.80 - €1.12) / €1.12
-860.1%

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

  • The current share price of AB Sagax 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 AB Sagax's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AB Sagax's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:EFEA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK6.57
OM:SAGA A Share Price ** OM (2019-11-15) in SEK SEK118
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

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

** Primary Listing of AB Sagax.

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

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

= 118 ÷ 6.57

17.95x

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

  • AB Sagax is overvalued based on earnings compared to the DE Real Estate industry average.
  • AB Sagax is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AB Sagax's expected growth come at a high price?
Raw Data
BST:EFEA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-17.7%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:EFEA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.95x ÷ -17.7%

-1.02x

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

  • AB Sagax earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AB Sagax's assets?
Raw Data
BST:EFEA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK42.12
OM:SAGA A Share Price * OM (2019-11-15) in SEK SEK118
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:EFEA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 118 ÷ 42.12

2.8x

* Primary Listing of AB Sagax.

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

  • AB Sagax is overvalued based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess AB Sagax'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. AB Sagax has a total score of 1/6, 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.

EFEA Future Performance

 How is AB Sagax expected to perform in the next 1 to 3 years based on estimates from 2 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
-17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AB Sagax expected to grow at an attractive rate?
  • AB Sagax's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AB Sagax's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • AB Sagax's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:EFEA Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:EFEA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -17.7%
BST:EFEA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.4%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
BST:EFEA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:EFEA Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,026 1
2021-12-31 3,058 2,054 2,212 2
2020-12-31 2,804 1,461 2,383 2
2019-12-31 2,599 1,885 3,113 2
BST:EFEA Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 2,537 1,713 3,316
2019-06-30 2,447 1,652 3,236
2019-03-31 2,337 1,624 3,305
2018-12-31 2,277 1,590 3,132
2018-09-30 2,067 1,555 3,393
2018-06-30 2,000 1,426 3,190
2018-03-31 2,013 1,193 3,074
2017-12-31 1,874 1,168 2,931
2017-09-30 1,931 1,108 3,105
2017-06-30 1,865 1,085 2,890
2017-03-31 1,758 1,067 2,623
2016-12-31 1,597 977 2,336

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AB Sagax's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • AB Sagax's revenue is expected to grow by 6.4% 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
BST:EFEA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from AB Sagax Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:EFEA Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
BST:EFEA Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 6.57
2019-06-30 6.46
2019-03-31 6.71
2018-12-31 6.49
2018-09-30 8.35
2018-06-30 7.71
2018-03-31 7.50
2017-12-31 7.28
2017-09-30 8.24
2017-06-30 8.38
2017-03-31 7.92
2016-12-31 7.25

*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.
  • AB Sagax is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AB Sagax'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.
AB Sagax has a total score of 1/6, 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.

EFEA Past Performance

  How has AB Sagax 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 AB Sagax's growth in the last year to its industry (Real Estate).
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.
  • AB Sagax has delivered over 20% year on year earnings growth in the past 5 years.
  • AB Sagax's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AB Sagax's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
AB Sagax'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 AB Sagax Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:EFEA Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,537.00 3,316.00 132.00
2019-06-30 2,447.00 3,236.00 133.00
2019-03-31 2,337.00 3,305.00 132.00
2018-12-31 2,277.00 3,132.00 132.00
2018-09-30 2,067.00 3,392.50 102.00
2018-06-30 2,000.00 3,190.20 91.00
2018-03-31 2,013.00 3,073.70 86.00
2017-12-31 1,874.00 2,931.00 77.00
2017-09-30 1,931.00 3,104.60 76.00
2017-06-30 1,865.00 2,890.20 73.00
2017-03-31 1,758.00 2,623.00 69.00
2016-12-31 1,597.00 2,336.00 68.00
2016-09-30 1,558.00 1,918.10 61.00
2016-06-30 1,502.00 1,736.10 58.00
2016-03-31 1,408.00 1,652.10 60.00
2015-12-31 1,461.00 1,565.00 57.00
2015-09-30 1,073.00 1,150.45 53.00
2015-06-30 996.00 1,104.00 52.00
2015-03-31 1,065.00 775.80 46.00
2014-12-31 992.00 637.00 47.00
2014-09-30 1,216.00 427.15 49.00
2014-06-30 1,203.00 415.70 46.00
2014-03-31 1,081.00 548.00 48.00
2013-12-31 1,057.00 677.00 42.00
2013-09-30 1,034.00 548.95 39.00
2013-06-30 939.00 401.30 40.00
2013-03-31 866.00 156.00 38.00
2012-12-31 868.00 296.40 38.00

*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.
  • AB Sagax has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AB Sagax used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • AB Sagax's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AB Sagax'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 Real Estate 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.
AB Sagax 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.

EFEA Health

 How is AB Sagax'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 AB Sagax's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AB Sagax's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AB Sagax's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AB Sagax's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x 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 AB Sagax Company Filings, last reported 1 month ago.

BST:EFEA Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 17,892.00 17,363.00 467.00
2019-06-30 17,006.00 16,167.00 111.00
2019-03-31 16,373.00 17,159.00 544.00
2018-12-31 15,416.00 15,805.00 73.00
2018-09-30 14,491.00 15,260.00 307.00
2018-06-30 13,846.00 14,662.00 37.00
2018-03-31 12,314.00 15,575.00 94.00
2017-12-31 11,356.00 14,038.00 60.00
2017-09-30 10,204.00 13,690.00 368.00
2017-06-30 9,764.00 13,715.00 231.00
2017-03-31 9,261.00 13,223.00 406.00
2016-12-31 8,709.00 13,027.00 283.00
2016-09-30 7,057.00 13,030.00 276.00
2016-06-30 6,621.00 12,164.00 247.00
2016-03-31 6,277.00 11,180.00 287.00
2015-12-31 5,981.00 10,969.00 251.00
2015-09-30 5,246.00 10,488.00 210.00
2015-06-30 5,052.00 9,781.00 187.00
2015-03-31 4,789.00 9,209.00 68.00
2014-12-31 4,544.00 9,023.00 67.00
2014-09-30 4,019.00 8,521.00 108.00
2014-06-30 3,919.00 8,927.00 176.00
2014-03-31 3,771.00 8,075.00 254.00
2013-12-31 3,723.00 7,301.00 128.00
2013-09-30 3,526.00 7,225.00 238.00
2013-06-30 3,447.00 7,292.00 212.00
2013-03-31 2,942.00 6,911.00 186.00
2012-12-31 2,794.00 6,728.00 379.00
  • AB Sagax's level of debt (94.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (211.9% vs 94.5% today).
  • Debt is not well covered by operating cash flow (10.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess AB Sagax'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. AB Sagax has a total score of 2/6, 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.

EFEA Dividends

 What is AB Sagax'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
0.85%
Current annual income from AB Sagax dividends.
If you bought €2,000 of AB Sagax shares you are expected to receive €17 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?
  • AB Sagax's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • AB Sagax's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:EFEA 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 2 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BST:EFEA Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
BST:EFEA Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-15 1.000 0.957
2019-02-07 1.000 1.167
2018-04-16 0.900 1.415
2018-02-08 0.900 1.756
2017-04-13 0.725 1.395
2017-02-09 0.725 1.626
2016-04-12 0.575 1.304
2016-02-11 0.575 1.697
2015-04-16 0.400 1.266
2015-03-27 0.400 1.395
2015-02-13 0.400 1.308
2014-04-16 0.275 1.359
2014-02-12 0.275 1.631
2013-04-03 0.215 1.542
2013-02-13 0.215 0.278
2012-04-13 2.000 2.188
2012-02-10 2.000 2.131
2011-04-14 1.500 1.717
2011-02-10 1.500 1.527

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

  • AB Sagax has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • AB Sagax has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of AB Sagax's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.6x 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 AB Sagax's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AB Sagax afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AB Sagax has a total score of 1/6, see the detailed checks below.


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

EFEA Management

 What is the CEO of AB Sagax'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
David Mindus
COMPENSATION SEK0
AGE 47
TENURE AS CEO 15.8 years
CEO Bio

Mr. David Mindus has been the Chief Executive Director of AB Sagax since 2004. He serves as Director of Torslanda Property Investment AB (publ) since 2019. Mr. Mindus has build Sagax from acquisition of the first real estate in 2000 to today's business which has a real estate portfolio of 917.000 square metres divided on 113 properties. He worked as an analyst for real estate and consulting companies and was inter alia responsible for the business development in GE CapitalReal Estate in Stockholm. He served as a Director of Tribona AB (Northern Logistic Property ASA) from May 2009 to February 8. 2011. He has been Director of AB Sagax since 2004. He has been a Director of Hemsö Fastighets AB since 2009. Mr. Mindus holds an M.Sc. degree in Economics from the University in Stockholm.

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

Average tenure and age of the AB Sagax management team in years:

5.3
Average Tenure
43.5
Average Age
  • The average tenure for the AB Sagax management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Mindus

TITLE
CEO & Director
AGE
47
TENURE
15.8 yrs

Agneta Segerhammar

TITLE
Chief Finance Officer
AGE
56
TENURE
1.8 yrs

Björn Garat

TITLE
Head of Finance & Deputy MD
AGE
44
TENURE
7.8 yrs

Urban Sjölund

TITLE
Head of Asset Management
AGE
57
TENURE
4.8 yrs

Jaakko Vehanen

TITLE
Chief Executive Officer of Sagax Finland Oy
AGE
43
TENURE
12.8 yrs

Romain Autreaux

TITLE
Chief Executive Officer of Sagax - France
AGE
41
TENURE
5.8 yrs

Arend den Boef

TITLE
Chief Executive Officer of Sagax Nederland BV
AGE
42
TENURE
2.8 yrs

Vincent Spruijt

TITLE
Chief Executive Officer of Sagax Nederland BV
AGE
42
TENURE
2.8 yrs

Mikael Dahlberg

TITLE
Group Controller
Board of Directors Tenure

Average tenure and age of the AB Sagax board of directors in years:

11.3
Average Tenure
49.5
Average Age
  • The average tenure for the AB Sagax board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Staffan Salén

TITLE
Chairman
AGE
52
TENURE
3.8 yrs

David Mindus

TITLE
CEO & Director
AGE
47
TENURE
15.8 yrs

Johan Cederlund

TITLE
Independent Director
AGE
49
TENURE
9.8 yrs

Johan Thorell

TITLE
Independent Director
AGE
49
TENURE
15.8 yrs

Filip Engelbert

TITLE
Independent Director
AGE
50
TENURE
12.8 yrs

Ulrika Werdelin

TITLE
Independent Director
AGE
50
TENURE
9.8 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 AB Sagax'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. AB Sagax 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.

EFEA News

Simply Wall St News

EFEA Company Info

Description

AB Sagax (publ) operates as a property company in Sweden, Finland, France, Germany, the Netherlands, and Denmark. The company invests in commercial properties primarily in the warehouse and light industry segment. As of December 31, 2018 its property portfolio comprised 512 properties with a rental space of 2,850,000 square meters. AB Sagax (publ) was founded in 2000 and is headquartered in Stockholm, Sweden.

Details
Name: AB Sagax (publ)
EFEA
Exchange: BST
Founded: 2000
SEK3,865,922,891
424,791,411
Website: http://www.sagax.se
Address: AB Sagax (publ)
Engelbrektsplan 1,
Stockholm,
Stockholm County, 114 34,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SAGA A Series A Common Shares OMX Nordic Exchange Stockholm SE SEK 06. Apr 1999
BST EFEA Series A Common Shares Boerse-Stuttgart DE EUR 06. Apr 1999
BATS-CHIXE SAGAAs Series A Common Shares BATS 'Chi-X Europe' GB SEK 06. Apr 1999
OM SAGA B Series B Common Shares OMX Nordic Exchange Stockholm SE SEK 08. Apr 2013
OM SAGA D Series D Common Shares OMX Nordic Exchange Stockholm SE SEK 09. Nov 2016
OM SAGA PREF NPV PRF OMX Nordic Exchange Stockholm SE SEK 14. Feb 2006
LSE 0HDH NPV PRF London Stock Exchange GB SEK 14. Feb 2006
LSE 0QDX Series B Common Shares London Stock Exchange GB SEK 08. Apr 2013
BATS-CHIXE SAGABs Series B Common Shares BATS 'Chi-X Europe' GB SEK 08. Apr 2013
BATS-CHIXE SAGAPs NPV PRF BATS 'Chi-X Europe' GB SEK 14. Feb 2006
Number of employees
Current staff
Staff numbers
62
AB Sagax employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 20:31
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/30
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
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.