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Instalco

BATS-CHIXE:INSTAS
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INSTAS
BATS-CHIXE
SEK5B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Instalco AB (publ) provides installation services in the heating and plumbing, electrical, ventilation, cooling, and industrial areas in Sweden and rest of Nordic. The last earnings update was 49 days ago. More info.


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  • Instalco has significant price volatility in the past 3 months.
INSTAS Share Price and Events
7 Day Returns
-2%
BATS-CHIXE:INSTAS
3.8%
GB Construction
0.1%
GB Market
1 Year Returns
-
BATS-CHIXE:INSTAS
-34.1%
GB Construction
-23.6%
GB Market
INSTAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Instalco (INSTAS) -2% -16.7% -15.6% - - -
GB Construction 3.8% -20.1% -22.7% -34.1% -57.8% -57.3%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • No trading data on INSTAS.
  • No trading data on INSTAS.
Price Volatility
INSTAS
Industry
5yr Volatility vs Market

INSTAS Value

 Is Instalco 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 Instalco 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 Instalco.

BATS-CHIXE:INSTAS 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%
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:INSTAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.863 (1 + (1- 22%) (22.39%))
1.009
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.009 * 5.44%)
6.02%

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

The calculations below outline how an intrinsic value for Instalco 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:INSTAS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.02%)
2020 410.00 Analyst x1 386.72
2021 404.00 Analyst x1 359.42
2022 421.00 Analyst x1 353.27
2023 407.56 Est @ -3.19% 322.57
2024 399.09 Est @ -2.08% 297.93
2025 393.93 Est @ -1.29% 277.38
2026 390.98 Est @ -0.75% 259.67
2027 389.56 Est @ -0.36% 244.03
2028 389.19 Est @ -0.1% 229.95
2029 389.55 Est @ 0.09% 217.10
Present value of next 10 years cash flows SEK2,948.00
BATS-CHIXE:INSTAS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK389.55 × (1 + 0.53%) ÷ (6.02% – 0.53%)
SEK7,132.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK7,132.20 ÷ (1 + 6.02%)10
SEK3,974.80
BATS-CHIXE:INSTAS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK2,948.00 + SEK3,974.80
SEK6,922.80
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK6,922.80 / 49.50
SEK139.86
BATS-CHIXE:INSTAS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:INSTAS represents 0.92931x of OM:INSTAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92931x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 139.86 x 0.92931
SEK129.97
Value per share (SEK) From above. SEK129.97
Current discount Discount to share price of SEK107.80
= -1 x (SEK107.80 - SEK129.97) / SEK129.97
17.1%

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

Current Discount
Amount off the current price Instalco is available for.
Intrinsic value
17%
Share price is SEK107.8 vs Future cash flow value of SEK129.97
Current Discount Checks
For Instalco to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Instalco's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Instalco's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Instalco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Instalco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:INSTAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK7.62
OM:INSTAL Share Price ** OM (2020-04-06) in SEK SEK116
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.67x
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 Instalco.

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

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

= 116 ÷ 7.62

15.23x

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

  • Instalco is overvalued based on earnings compared to the GB Construction industry average.
  • Instalco is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Instalco's expected growth come at a high price?
Raw Data
BATS-CHIXE:INSTAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
1.9%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.83x
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:INSTAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.23x ÷ 1.9%

8.09x

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

  • Instalco is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Instalco's assets?
Raw Data
BATS-CHIXE:INSTAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK30.11
OM:INSTAL Share Price * OM (2020-04-06) in SEK SEK116
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.06x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:INSTAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 116 ÷ 30.11

3.85x

* Primary Listing of Instalco.

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

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

INSTAS Future Performance

 How is Instalco 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
1.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Instalco expected to grow at an attractive rate?
  • Instalco's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Instalco's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Instalco'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:INSTAS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:INSTAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 1.9%
BATS-CHIXE:INSTAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.6%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
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:INSTAS 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:INSTAS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 6,470 508 397 1
2021-12-31 6,282 487 381 1
2020-12-31 6,393 495 384 1
2020-04-07
BATS-CHIXE:INSTAS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 5,692 495 372
2019-09-30 5,304 443 361
2019-06-30 4,886 331 339
2019-03-31 4,653 336 295
2018-12-31 4,415 273 249
2018-09-30 4,086 273 215
2018-06-30 3,797 251 196
2018-03-31 3,405 134 165
2017-12-31 3,114 160 171
2017-09-30 2,957 92 107
2017-06-30 2,804 191 79
2017-03-31 2,622 251 74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Instalco's earnings are expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
  • Instalco's revenue is expected to grow by 3.6% 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:INSTAS 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 Instalco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:INSTAS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 7.73 7.73 7.73 1.00
2021-12-31 7.41 7.41 7.41 1.00
2020-12-31 7.49 7.49 7.49 1.00
2020-04-07
BATS-CHIXE:INSTAS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 7.62
2019-09-30 7.43
2019-06-30 7.02
2019-03-31 6.13
2018-12-31 5.20
2018-09-30 4.53
2018-06-30 4.17
2018-03-31 3.54
2017-12-31 3.69
2017-09-30 3.13
2017-06-30 2.31
2017-03-31 2.16

*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.
  • Instalco is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Instalco'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.
Instalco has a total score of 2/6, see the detailed checks below.

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

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

INSTAS Past Performance

  How has Instalco 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 Instalco's growth in the last year to its industry (Construction).
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.
  • Instalco has delivered over 20% year on year earnings growth in the past 5 years.
  • Instalco's 1-year earnings growth exceeds its 5-year average (49.4% vs 47.1%)
  • Instalco's earnings growth has exceeded the GB Construction industry average in the past year (49.4% vs 6.6%).
Earnings and Revenue History
Instalco'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 Instalco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:INSTAS 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 5,692.00 372.00 2,174.00
2019-09-30 5,304.00 361.00 2,072.00
2019-06-30 4,886.00 339.00 1,959.00
2019-03-31 4,653.00 295.00 1,846.00
2018-12-31 4,415.00 249.00 1,746.00
2018-09-30 4,086.00 215.00 1,570.00
2018-06-30 3,797.00 196.00 1,497.00
2018-03-31 3,405.00 165.00 1,391.00
2017-12-31 3,114.00 171.00 1,287.00
2017-09-30 2,957.00 107.00 1,196.00
2017-06-30 2,804.00 79.00 1,112.00
2017-03-31 2,622.00 74.00 984.00
2016-12-31 2,407.00 67.00 893.00
2015-12-31 1,368.82 26.57 445.02
2014-12-31 432.46 -24.24 191.15

*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.
  • Instalco has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Instalco used its assets more efficiently than the GB Construction industry average last year based on Return on Assets.
  • Instalco has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Instalco'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 Construction 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.
Instalco has a total score of 6/6, 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.

INSTAS Health

 How is Instalco'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 Instalco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Instalco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Instalco's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Instalco'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 1.4x 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 Instalco Company Filings, last reported 3 months ago.

BATS-CHIXE:INSTAS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,485.00 1,186.00 317.00
2019-09-30 1,365.00 1,143.00 374.00
2019-06-30 1,263.00 1,116.00 366.00
2019-03-31 1,186.00 926.00 287.00
2018-12-31 1,070.00 732.00 218.00
2018-09-30 990.00 739.00 151.00
2018-06-30 942.00 739.00 200.00
2018-03-31 884.00 741.00 202.00
2017-12-31 793.00 649.00 211.00
2017-09-30 702.00 652.00 226.00
2017-06-30 656.00 615.00 265.00
2017-03-31 611.00 501.00 194.00
2016-12-31 553.00 400.00 159.00
2015-12-31 266.42 383.68 51.99
2014-12-31 397.20 80.04 105.05
  • Instalco's level of debt (79.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.4% vs 79.9% today).
  • Debt is well covered by operating cash flow (41.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.9x coverage).
X
Financial health checks
We assess Instalco'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. Instalco has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

INSTAS Dividends

 What is Instalco'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
1.98%
Current annual income from Instalco dividends. Estimated to be 1.99% next year.
If you bought SEK2,000 of Instalco shares you are expected to receive SEK40 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?
  • Instalco's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Instalco'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:INSTAS 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 Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.8%
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:INSTAS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.32 1.00
2021-12-31 2.30 1.00
2020-12-31 2.30 1.00
2020-04-07
BATS-CHIXE:INSTAS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-04-06 2.300 2.150
2019-04-04 1.500 1.469
2018-05-08 1.100 1.701

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

  • Whilst dividend payments have been stable, Instalco has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Instalco only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Instalco's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Instalco'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 Instalco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Instalco 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.

INSTAS Management

 What is the CEO of Instalco'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
Per Sjöstrand
COMPENSATION SEK2,538,000
AGE 61
CEO Bio

Mr. Per Sjöstrand serves as the Chief Executive Officer of Instalco Holding AB and Instalco Intressenter AB. Mr. Sjöstrand is Founder of Instalco Intressenter AB (publ) and serves as its President. He serves as an Advisor of FSN Capital Partners AS. Mr. Sjöstrand serves as the President and the Chief Executive Officer of the NEA group. He is a Co-Owner of Ohmslag AB. He has background in installation and automation industries. He served as the Chief Executive Officer of Midroc Electro AB and PEAB Nord AB. He served as the Chief Executive Officer of Närkes Elektriska Aktiebolag until January 2014. Mr. Sjöstrand has 20 years' experience as Chief Executive Officer of several companies. He has been the Chairman and Director of Green Landscaping Holding AB since 2012. Mr. Sjöstrand serves as the Chairman of the board of directors of Kullastrand Kök & Interiör AB. Mr. Sjöstrand served as the Chairman of the board of directors of Västra Värmlands Rörinstallationer AB until January 2017, Slutplattan EZPIR 99171 AB until October 2016, Ehlslag January 2015, Elektra Bernt Blomqvist Aktiebolag AB until February 2012, Control System styr- och IT-lösningar i Skaraborg Aktiebolag until February 2012, Detective Elteknik Säkerhet i Skaraborg AB until January 2012 and Närkes Elektriska Verkstads Aktiebolag until January 2012. He served as the Chairman of the Board of Directors of Sista versen 21222 AB which was dissolved through a merger in February 2016. He served as Chairman of the Aktiebolag until January 2012. He served as the Chairman of the which was dissolved through a merger in September 2016. He has been the Director and Manager of major projects within Trafikverket, the Swedish Transport Administration. He serves as a Board Member of Markona AB, Markona Maskin AB, Voltage AB, PerRos AB and Ohmslag AB. He served as a Board Member of Arkösunds Hotell AB until January 2016, Elservice Samuelsson i Karlstad Aktiebolag until January 2012, Ragnar Karlsson Elektriska Aktiebolag until January 2012, Eltjänst i Falkenberg AB until January 2012, El-City i Luleå Aktiebolag until January 2012 and ELTEAM VEST Aktiebolag until January 2012. He has a Master of Science in Engineering from Chalmers tekniska högskola i Göteborg (Chalmers University of Technology in Gothenburg).

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

Per Sjöstrand

TITLE
Founder
COMPENSATION
SEK3M
AGE
61

Robin Boheman

TITLE
CFO & Head of Business Development
AGE
35
TENURE
0.4 yrs

Fredrik Trahn

TITLE
Head of IR and Communications
AGE
50

Lotta Sjögren

TITLE
Chief Financial Officer (Leave of Absence)
AGE
55
TENURE
0.4 yrs
Board of Directors Tenure

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

1.9
Average Tenure
59.5
Average Age
  • The average tenure for the Instalco board of directors is less than 3 years, this suggests a new board.
Board of Directors

Olof Ehrlen

TITLE
Chairman of the Board
COMPENSATION
SEK555K
AGE
70
TENURE
6.3 yrs

Camilla Öberg

TITLE
Independent Director
COMPENSATION
SEK287K
AGE
55
TENURE
1.9 yrs

Johnny Alvarsson

TITLE
Independent Director
COMPENSATION
SEK183K
AGE
69
TENURE
4.3 yrs

Carina Qvarngård

TITLE
Independent Director
COMPENSATION
SEK215K
AGE
60
TENURE
1.9 yrs

Carina Edblad

TITLE
Independent Director
COMPENSATION
SEK183K
AGE
56
TENURE
1.9 yrs

Per Leopoldsson

TITLE
Independent Director
COMPENSATION
SEK215K
AGE
59
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Instalco individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
24. Mar 20 Buy Per Leopoldsson Individual 23. Mar 20 23. Mar 20 6,000 SEK85.00 SEK509,875
25. Sep 19 Buy Fredrik Trahn Individual 24. Sep 19 24. Sep 19 300 SEK96.90 SEK29,070
X
Management checks
We assess Instalco'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. Instalco 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.

INSTAS News

Simply Wall St News

INSTAS Company Info

Description

Instalco AB (publ) provides installation services in the heating and plumbing, electrical, ventilation, cooling, and industrial areas in Sweden and rest of Nordic. The company offers district heating, natural gas, heat pumps, and comfort cooling installation; pipe replacement and preventative maintenance; new construction; ongoing repairs; project planning; and service and maintenance services. It also provides electricity services, including design, project planning, and assembly services; alarms and monitoring; technical equipment data network and control; energy optimization through integrated property automation; charging posts for electric cars; remote reading; and service and maintenance. In addition, the company offers installation services and solutions for indoor climate, air treatment, energy optimization, ventilation inspection, and service and maintenance; cooling and heating equipment installation, food and comfort cooling, process cooling, and service and maintenance; and pipe and cooling installation services. It provides heating and plumbing, electrical, and ventilation solutions to commercial facilities, public construction, residential, office, and retail customers; cooling solutions to retail chains, food industry, institutional kitchens, hotels, and cold storage companies; and industrial solutions to industrial and municipal companies, county councils, and administrations. The company was formerly known as Instalco Intressenter AB (publ) and changed its name to Instalco AB (publ) in May 2019. The company was founded in 2013 and is headquartered in Stockholm, Sweden.

Details
Name: Instalco AB (publ)
INSTAS
Exchange: BATS-CHIXE
Founded: 2013
SEK5,296,234,105
49,497,515
Website: http://instalco.se
Address: Instalco AB (publ)
Lilla Bantorget 11,
Stockholm,
Stockholm County, 111 23,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM INSTAL Class A Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 11. May 2017
DB 4II Class A Ordinary Shares Deutsche Boerse AG DE EUR 11. May 2017
LSE 0RP5 Class A Ordinary Shares London Stock Exchange GB SEK 11. May 2017
BATS-CHIXE INSTAS Class A Ordinary Shares BATS 'Chi-X Europe' GB SEK 11. May 2017
Number of employees
Current staff
Staff numbers
3,103
Instalco employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 19:52
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/02/18
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.