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Balco Group

BATS-CHIXE:BALCOS
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BALCOS
BATS-CHIXE
SEK2B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Balco Group AB develops, produces, and sells balcony systems to tenant-owner associations, private landlords, and publicly housing and construction companies in Sweden, Norway, Denmark, Germany, Finland, the United Kingdom, the Netherlands, and Switzerland. The last earnings update was 47 days ago. More info.


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  • Balco Group has significant price volatility in the past 3 months.
BALCOS Share Price and Events
7 Day Returns
2.1%
BATS-CHIXE:BALCOS
-1.6%
GB Building
0.1%
GB Market
1 Year Returns
-
BATS-CHIXE:BALCOS
-10.8%
GB Building
-23.6%
GB Market
BALCOS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Balco Group (BALCOS) 2.1% -8.4% -9.7% - - -
GB Building -1.6% -19.3% -26.3% -10.8% -22.8% -0.7%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • No trading data on BALCOS.
  • No trading data on BALCOS.
Price Volatility
BALCOS
Industry
5yr Volatility vs Market

BALCOS Value

 Is Balco Group 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 Balco Group 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 Balco Group.

BATS-CHIXE:BALCOS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:BALCOS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Building Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 22%) (15.31%))
1.141
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.141 * 5.44%)
6.74%

Discounted Cash Flow Calculation for BATS-CHIXE:BALCOS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Balco Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:BALCOS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.74%)
2020 96.00 Analyst x1 89.94
2021 122.00 Analyst x1 107.09
2022 163.00 Analyst x1 134.04
2023 193.48 Est @ 18.7% 149.07
2024 219.11 Est @ 13.25% 158.16
2025 239.78 Est @ 9.43% 162.16
2026 256.00 Est @ 6.76% 162.20
2027 268.52 Est @ 4.89% 159.40
2028 278.14 Est @ 3.58% 154.69
2029 285.56 Est @ 2.67% 148.79
Present value of next 10 years cash flows SEK1,425.00
BATS-CHIXE:BALCOS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK285.56 × (1 + 0.53%) ÷ (6.74% – 0.53%)
SEK4,625.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK4,625.49 ÷ (1 + 6.74%)10
SEK2,410.08
BATS-CHIXE:BALCOS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,425.00 + SEK2,410.08
SEK3,835.08
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,835.08 / 21.62
SEK177.36
BATS-CHIXE:BALCOS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BALCOS represents 1.00587x of OM:BALCO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00587x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 177.36 x 1.00587
SEK178.40
Value per share (SEK) From above. SEK178.40
Current discount Discount to share price of SEK85.60
= -1 x (SEK85.60 - SEK178.40) / SEK178.40
52%

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

Current Discount
Amount off the current price Balco Group is available for.
Intrinsic value
>50%
Share price is SEK85.6 vs Future cash flow value of SEK178.4
Current Discount Checks
For Balco Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Balco Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Balco Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Balco Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Balco Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BALCOS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK4.79
OM:BALCO Share Price ** OM (2020-04-07) in SEK SEK85.1
United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio Median Figure of 10 Publicly-Listed Building Companies 10.55x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Balco Group.

BATS-CHIXE:BALCOS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 85.1 ÷ 4.79

17.77x

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

  • Balco Group is overvalued based on earnings compared to the GB Building industry average.
  • Balco Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Balco Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:BALCOS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
16%per year
United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 0.43x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:BALCOS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.77x ÷ 16%

1.11x

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

  • Balco Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Balco Group's assets?
Raw Data
BATS-CHIXE:BALCOS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK23.79
OM:BALCO Share Price * OM (2020-04-07) in SEK SEK85.1
United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio Median Figure of 12 Publicly-Listed Building Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:BALCOS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 85.1 ÷ 23.79

3.58x

* Primary Listing of Balco Group.

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

  • Balco Group is overvalued based on assets compared to the GB Building industry average.
X
Value checks
We assess Balco Group'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 Building 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 Building industry average (and greater than 0)? (1 check)
  5. Balco Group has a total score of 2/6, 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.

BALCOS Future Performance

 How is Balco Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Balco Group expected to grow at an attractive rate?
  • Balco Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Balco Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Balco Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BALCOS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BALCOS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 16%
BATS-CHIXE:BALCOS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 10.5%
United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate Market Cap Weighted Average 2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:BALCOS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:BALCOS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,686 193 169 1
2021-12-31 1,533 172 148 1
2020-12-31 1,394 129 128 1
2020-04-07
BATS-CHIXE:BALCOS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 1,221 97 103
2019-09-30 1,192 16 96
2019-06-30 1,137 49 92
2019-03-31 1,085 27 81
2018-12-31 1,058 28 77
2018-09-30 1,037 145 78
2018-06-30 1,006 115 55
2018-03-31 1,001 135 42
2017-12-31 989 155 31
2017-09-30 943 57 13
2017-06-30 929 50 19
2017-03-31 847 33 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Balco Group's earnings are expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
  • Balco Group's revenue is expected to grow by 10.5% 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
BATS-CHIXE:BALCOS 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 1 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:BALCOS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 7.52 7.52 7.52 1.00
2021-12-31 6.58 6.58 6.58 1.00
2020-12-31 5.66 5.66 5.66 1.00
2020-04-07
BATS-CHIXE:BALCOS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 4.79
2019-09-30 4.46
2019-06-30 4.28
2019-03-31 3.78
2018-12-31 3.58
2018-09-30 3.65
2018-06-30 2.90
2018-03-31 2.56
2017-12-31 2.28
2017-09-30 1.17
2017-06-30 0.29
2017-03-31 0.84

*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.
  • Balco Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Balco Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Balco Group has a total score of 4/6, see the detailed checks below.

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

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

BALCOS Past Performance

  How has Balco Group 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 Balco Group's growth in the last year to its industry (Building).
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.
  • Balco Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Balco Group's 1-year earnings growth is less than its 5-year average (33.9% vs 55.5%)
  • Balco Group's earnings growth has exceeded the GB Building industry average in the past year (33.9% vs 2.5%).
Earnings and Revenue History
Balco Group'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 Balco Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BALCOS 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 1,220.60 102.80 160.30
2019-09-30 1,191.55 95.65 156.31
2019-06-30 1,136.85 91.65 151.41
2019-03-31 1,085.35 80.95 147.71
2018-12-31 1,058.05 76.75 148.01
2018-09-30 1,037.45 77.72 156.52
2018-06-30 1,005.85 54.52 162.22
2018-03-31 1,000.75 41.62 159.62
2017-12-31 988.95 31.22 155.92
2017-09-30 943.01 13.24 145.29
2017-06-30 929.01 19.34 138.79
2017-03-31 846.51 9.54 132.14
2016-12-31 801.61 4.74 127.89
2015-12-31 638.59 12.92 106.10
2014-12-31 568.37 -29.64 78.48
2013-12-31 542.05 -37.64 84.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Balco Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Balco Group used its assets more efficiently than the GB Building industry average last year based on Return on Assets.
  • Balco Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Balco Group'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 Building 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.
Balco Group has a total score of 4/6, see the detailed checks below.

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

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

BALCOS Health

 How is Balco Group'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 Balco Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Balco Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Balco Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Balco Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x 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 Balco Group Company Filings, last reported 3 months ago.

BATS-CHIXE:BALCOS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 514.50 225.60 119.40
2019-09-30 481.90 225.60 28.60
2019-06-30 454.90 226.30 36.90
2019-03-31 462.60 225.60 47.00
2018-12-31 440.50 247.13 87.99
2018-09-30 422.20 188.20 70.20
2018-06-30 403.00 187.20 51.70
2018-03-31 402.00 191.10 63.10
2017-12-31 386.35 142.21 110.11
2017-09-30 155.70 386.50 24.50
2017-06-30 159.30 399.70 19.60
2017-03-31 139.52 381.76 22.74
2016-12-31 139.52 325.53 22.74
2015-12-31 126.57 335.29 30.96
2014-12-31 107.85 347.63 8.33
2013-12-31 131.92 349.09 8.89
  • Balco Group's level of debt (43.8%) 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 (322.1% vs 43.8% today).
  • Debt is well covered by operating cash flow (43%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.1x coverage).
X
Financial health checks
We assess Balco Group'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. Balco Group has a total score of 5/6, 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.

BALCOS Dividends

 What is Balco Group'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
2.94%
Current annual income from Balco Group dividends. Estimated to be 4.11% next year.
If you bought SEK2,000 of Balco Group shares you are expected to receive SEK59 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?
  • Balco Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Balco Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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
BATS-CHIXE:BALCOS 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:BALCOS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 4.00 1.00
2021-12-31 3.50 1.00
2020-12-31 3.00 1.00
2020-04-07
BATS-CHIXE:BALCOS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-20 2.500 3.015
2019-04-12 2.000 2.625
2018-05-17 1.000 1.633

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

  • Whilst dividend payments have been stable, Balco Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Balco Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Balco Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Balco Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Balco Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Balco Group 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.

BALCOS Management

 What is the CEO of Balco Group'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
Kenneth Lundahl
COMPENSATION SEK4,482,000
AGE 52
TENURE AS CEO 7.3 years
CEO Bio

Mr. Kenneth Lundahl serves as President and Chief Executive Officer at Balco AB. Mr. Lundahl has been Chief Executive Officer of Balco Group AB (publ) since 2013 and serves as its President. Mr. Lundahl served as the President of Business Area Trailers at Thule Group AB. Mr. Lundahl joined Thule AB in 1996. He holds M.Sc. in Civil engineering degree from Chalmers Technical University. He serves as Chairman of the board of directors of Lundahl & Hall AB, several directorships in the Lundahl & Hall Group such as director and alternate director. He is Director in Plast Aktiebolaget Orion. He serves as Chairman of the board of directors of Anderstorps Hotellfastigheter AB and Woodleg Förvaltning AB.

CEO Compensation
  • Kenneth's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kenneth's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Balco Group management team in years:

3.6
Average Tenure
50.5
Average Age
  • The tenure for the Balco Group management team is about average.
Management Team

Kenneth Lundahl

TITLE
President & CEO
COMPENSATION
SEK4M
AGE
52
TENURE
7.3 yrs

Michael Grindborn

TITLE
CFO, Head of IR & IT
AGE
51
TENURE
1 yrs

Camilla Ekdahl

TITLE
Chief Operating Officer
AGE
52
TENURE
0.5 yrs

David Andersson

TITLE
Marketing Manager
AGE
35
TENURE
6.3 yrs

Roger Andersson

TITLE
Head of Sales
AGE
52
TENURE
10.3 yrs

Johan Fälth

TITLE
Head of Marketing & Export
AGE
44
TENURE
0.5 yrs

Jesper Magnusson

TITLE
Human Resources Manager
AGE
33
TENURE
6.3 yrs

Fredrik Hall

TITLE
Head of Business Development
AGE
50
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Balco Group board of directors in years:

1.9
Average Tenure
58
Average Age
  • The average tenure for the Balco Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tomas Johansson

TITLE
Independent Chairman
COMPENSATION
SEK322K
AGE
61
TENURE
0.9 yrs

Asa Winberg

TITLE
Independent Director
COMPENSATION
SEK237K
AGE
62
TENURE
4.3 yrs

Carl-Mikael Lindholm

TITLE
Director
COMPENSATION
SEK269K
AGE
48
TENURE
1.9 yrs

Inga Berglund

TITLE
Independent Director
COMPENSATION
SEK329K
AGE
55
TENURE
4.3 yrs

Johannes Nyberg

TITLE
Director
COMPENSATION
SEK289K
AGE
48
TENURE
1.9 yrs

Mikael Andersson

TITLE
Director
AGE
64
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Balco Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
20. Mar 20 Sell Fredrik Hall Individual 18. Mar 20 18. Mar 20 -19,898 SEK68.60 SEK-1,365,003
20. Mar 20 Buy Fredrik Hall Individual 18. Mar 20 18. Mar 20 19,898 SEK68.60 SEK1,365,003
18. Mar 20 Buy Herenco AB Company 18. Mar 20 18. Mar 20 100,000 SEK67.80 SEK6,780,000
02. Mar 20 Buy Kenneth Lundahl Individual 28. Feb 20 28. Feb 20 10,000 SEK97.00 SEK970,000
26. Feb 20 Sell Asa Winberg Individual 21. Feb 20 21. Feb 20 -8,509 SEK106.30 SEK-904,507
21. Feb 20 Sell Carl-Mikael Lindholm Individual 20. Feb 20 20. Feb 20 -20,000 SEK106.50 SEK-2,130,000
12. Jan 20 Sell Roger Andersson Individual 10. Jan 20 10. Jan 20 -7,857 SEK96.00 SEK-752,701
08. Jan 20 Sell Johan Fälth Individual 02. Jan 20 02. Jan 20 -5,000 SEK95.53 SEK-477,650
08. Oct 19 Sell Christian Linell Individual 03. Oct 19 07. Oct 19 -15,817 SEK84.53 SEK-1,286,386
03. Sep 19 Sell Johan Fälth Individual 29. Aug 19 02. Sep 19 -37,500 SEK76.28 SEK-2,763,719
03. Sep 19 Sell Jesper Magnusson Individual 30. Aug 19 03. Sep 19 -23,992 SEK76.20 SEK-1,805,317
04. Sep 19 Sell Roger Andersson Individual 02. Sep 19 03. Sep 19 -39,134 SEK76.20 SEK-2,953,462
X
Management checks
We assess Balco Group'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. Balco Group 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.

BALCOS News

Simply Wall St News

BALCOS Company Info

Description

Balco Group AB develops, produces, and sells balcony systems to tenant-owner associations, private landlords, and publicly housing and construction companies in Sweden, Norway, Denmark, Germany, Finland, the United Kingdom, the Netherlands, and Switzerland. The company operates in two segments, Renovation and New Build. It offers glazed balconies, including climate walls, access balconies, and etage products; open balconies, such as city, maritime, and prefabricated balconies; and accessories and other products comprising flooring products, screens, glass corners, powered awnings, sunscreens, roller blinds, and window boxes. The company was founded in 1987 and is headquartered in Växjö, Sweden.

Details
Name: Balco Group AB
BALCOS
Exchange: BATS-CHIXE
Founded: 1987
SEK1,837,981,435
21,623,311
Website: http://www.balcogroup.se
Address: Balco Group AB
Älgvägen 4,
Växjö,
Kronoberg County, 352 45,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BALCO Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 06. Oct 2017
DB B9C Ordinary Shares Deutsche Boerse AG DE EUR 06. Oct 2017
LSE 0RUW Ordinary Shares London Stock Exchange GB SEK 06. Oct 2017
BATS-CHIXE BALCOS Ordinary Shares BATS 'Chi-X Europe' GB SEK 06. Oct 2017
Number of employees
Current staff
Staff numbers
419
Balco Group employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:34
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/02/28
Last earnings filing: 2020/02/20
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.