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Lindab International

BATS-CHIXE:LIABS
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LIABS
BATS-CHIXE
SEK6B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Lindab International AB (publ) develops, manufactures, markets, and distributes products and system solutions for construction and improved indoor climate. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Lindab International has significant price volatility in the past 3 months.
LIABS Share Price and Events
7 Day Returns
6.9%
BATS-CHIXE:LIABS
-1.6%
GB Building
0.1%
GB Market
1 Year Returns
-13.2%
BATS-CHIXE:LIABS
-10.8%
GB Building
-23.6%
GB Market
LIABS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lindab International (LIABS) 6.9% -23.1% -30.4% -13.2% 6.7% 5.4%
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
  • LIABS underperformed the Building industry which returned -10.8% over the past year.
  • LIABS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
LIABS
Industry
5yr Volatility vs Market

LIABS Value

 Is Lindab International 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 Lindab International 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 Lindab International.

BATS-CHIXE:LIABS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
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:LIABS
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%) (33.47%))
1.243
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.243 * 5.44%)
7.29%

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

The calculations below outline how an intrinsic value for Lindab International 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:LIABS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.29%)
2020 629.50 Analyst x2 586.70
2021 622.50 Analyst x2 540.74
2022 767.50 Analyst x2 621.36
2023 752.27 Est @ -1.98% 567.63
2024 743.02 Est @ -1.23% 522.53
2025 737.80 Est @ -0.7% 483.59
2026 735.35 Est @ -0.33% 449.21
2027 734.81 Est @ -0.07% 418.36
2028 735.60 Est @ 0.11% 390.34
2029 737.32 Est @ 0.23% 364.66
Present value of next 10 years cash flows SEK4,945.00
BATS-CHIXE:LIABS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK737.32 × (1 + 0.53%) ÷ (7.29% – 0.53%)
SEK10,957.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK10,957.68 ÷ (1 + 7.29%)10
SEK5,419.33
BATS-CHIXE:LIABS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK4,945.00 + SEK5,419.33
SEK10,364.33
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK10,364.33 / 76.33
SEK135.78
BATS-CHIXE:LIABS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:LIABS represents 0.93552x of OM:LIAB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93552x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 135.78 x 0.93552
SEK127.03
Value per share (SEK) From above. SEK127.03
Current discount Discount to share price of SEK81.25
= -1 x (SEK81.25 - SEK127.03) / SEK127.03
36%

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

Current Discount
Amount off the current price Lindab International is available for.
Intrinsic value
36%
Share price is SEK81.25 vs Future cash flow value of SEK127.03
Current Discount Checks
For Lindab International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lindab International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lindab International'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 Lindab International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lindab International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:LIABS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK8.88
OM:LIAB Share Price ** OM (2020-04-06) in SEK SEK86.85
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 Lindab International.

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

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

= 86.85 ÷ 8.88

9.78x

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

  • Lindab International is good value based on earnings compared to the GB Building industry average.
  • Lindab International is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Lindab International's expected growth come at a high price?
Raw Data
BATS-CHIXE:LIABS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7%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:LIABS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.78x ÷ 7%

1.4x

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

  • Lindab International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lindab International's assets?
Raw Data
BATS-CHIXE:LIABS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK65.86
OM:LIAB Share Price * OM (2020-04-06) in SEK SEK86.85
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:LIABS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 86.85 ÷ 65.86

1.32x

* Primary Listing of Lindab International.

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

  • Lindab International is overvalued based on assets compared to the GB Building industry average.
X
Value checks
We assess Lindab International'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. Lindab International has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

LIABS Future Performance

 How is Lindab International 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
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lindab International expected to grow at an attractive rate?
  • Lindab International's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Lindab International's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Lindab International's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:LIABS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:LIABS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7%
BATS-CHIXE:LIABS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.2%
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:LIABS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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.
BATS-CHIXE:LIABS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 10,576 1,017 763 2
2021-12-31 9,604 958 625 2
2020-12-31 8,984 958 442 2
2020-04-07
BATS-CHIXE:LIABS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 9,872 1,017 678
2019-09-30 9,730 889 641
2019-06-30 9,665 756 581
2019-03-31 9,488 630 490
2018-12-31 9,326 593 394
2018-09-30 9,127 701 372
2018-06-30 8,811 381 335
2018-03-31 8,537 492 351
2017-12-31 8,242 410 347
2017-09-30 8,096 329 342
2017-06-30 8,057 513 336
2017-03-31 7,955 538 316

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lindab International's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Lindab International's revenue is expected to grow by 2.2% 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:LIABS 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 2 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:LIABS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 9.99 10.18 9.81 2.00
2021-12-31 8.18 8.64 7.73 2.00
2020-12-31 5.79 7.21 4.36 2.00
2020-04-07
BATS-CHIXE:LIABS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 8.88
2019-09-30 8.40
2019-06-30 7.61
2019-03-31 6.42
2018-12-31 5.16
2018-09-30 4.87
2018-06-30 4.39
2018-03-31 4.60
2017-12-31 4.55
2017-09-30 4.48
2017-06-30 4.40
2017-03-31 4.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lindab International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lindab International'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.
Lindab International 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.

LIABS Past Performance

  How has Lindab International 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 Lindab International'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.
  • Lindab International's year on year earnings growth rate has been positive over the past 5 years.
  • Lindab International's 1-year earnings growth exceeds its 5-year average (72.1% vs 16.7%)
  • Lindab International's earnings growth has exceeded the GB Building industry average in the past year (72.1% vs 2.5%).
Earnings and Revenue History
Lindab International'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 Lindab International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:LIABS 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 9,872.00 678.00 1,725.00 64.00
2019-09-30 9,730.00 641.00 1,716.00 64.00
2019-06-30 9,665.00 581.00 1,718.00 67.00
2019-03-31 9,488.00 490.00 1,709.00 70.00
2018-12-31 9,326.00 394.00 1,712.00 72.00
2018-09-30 9,127.00 372.00 1,692.00 73.00
2018-06-30 8,811.00 335.00 1,653.00 69.00
2018-03-31 8,537.00 351.00 1,622.00 67.00
2017-12-31 8,242.00 347.00 1,604.00 68.00
2017-09-30 8,096.00 342.00 1,591.00 67.00
2017-06-30 8,057.00 336.00 1,600.00 69.00
2017-03-31 7,955.00 316.00 1,592.00 68.00
2016-12-31 7,849.00 306.00 1,577.00 65.00
2016-09-30 7,790.00 290.00 1,574.00 64.00
2016-06-30 7,756.00 327.00 1,564.00 63.00
2016-03-31 7,647.00 310.00 1,551.00 60.00
2015-12-31 7,589.00 305.00 1,554.00 58.00
2015-09-30 7,445.00 284.00 1,523.00 55.00
2015-06-30 7,341.00 283.00 1,492.00 51.00
2015-03-31 7,191.00 296.00 1,460.00 51.00
2014-12-31 7,003.00 283.00 1,416.00 51.00
2014-09-30 6,953.00 340.00 1,414.00 49.00
2014-06-30 6,802.00 296.00 1,395.00 48.00
2014-03-31 6,688.00 275.00 1,367.00 47.00
2013-12-31 6,523.00 233.00 1,355.00 45.00
2013-09-30 6,404.00 136.00 1,330.00 45.00
2013-06-30 6,424.00 145.00 1,335.00 44.00

*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.
  • Lindab International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lindab International used its assets more efficiently than the GB Building industry average last year based on Return on Assets.
  • Lindab International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lindab International'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.
Lindab International has a total score of 5/6, 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.

LIABS Health

 How is Lindab International'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 Lindab International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lindab International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lindab International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lindab International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lindab International Company Filings, last reported 3 months ago.

BATS-CHIXE:LIABS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,027.00 1,034.00 538.00
2019-09-30 4,947.00 1,520.00 493.00
2019-06-30 4,708.00 1,690.00 399.00
2019-03-31 4,643.00 1,515.00 380.00
2018-12-31 4,464.00 1,116.00 292.00
2018-09-30 4,388.00 1,385.00 320.00
2018-06-30 4,277.00 1,690.00 377.00
2018-03-31 4,301.00 1,572.00 376.00
2017-12-31 4,130.00 1,427.00 342.00
2017-09-30 3,962.00 1,595.00 263.00
2017-06-30 3,910.00 1,593.00 302.00
2017-03-31 3,920.00 1,750.00 437.00
2016-12-31 3,849.00 1,620.00 418.00
2016-09-30 3,769.00 1,825.00 324.00
2016-06-30 3,595.00 1,800.00 220.00
2016-03-31 3,556.00 1,849.00 230.00
2015-12-31 3,511.00 1,746.00 285.00
2015-09-30 3,539.00 2,072.00 301.00
2015-06-30 3,397.00 2,140.00 336.00
2015-03-31 3,442.00 2,112.00 257.00
2014-12-31 3,344.00 1,827.00 300.00
2014-09-30 3,311.00 2,049.00 301.00
2014-06-30 3,169.00 2,191.00 325.00
2014-03-31 2,955.00 2,137.00 232.00
2013-12-31 2,967.00 1,763.00 331.00
2013-09-30 2,776.00 2,098.00 215.00
2013-06-30 2,703.00 2,288.00 287.00
  • Lindab International's level of debt (20.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (54.7% vs 20.6% today).
  • Debt is well covered by operating cash flow (98.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 37.1x coverage).
X
Financial health checks
We assess Lindab International'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. Lindab International has a total score of 6/6, 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.

LIABS Dividends

 What is Lindab International'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
2.01%
Current annual income from Lindab International dividends. Estimated to be 4.13% next year.
If you bought SEK2,000 of Lindab International 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?
  • Lindab International's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Lindab International's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
Upcoming dividend payment

Purchase Lindab International before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:LIABS 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
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:LIABS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 4.45 2.00
2021-12-31 3.80 2.00
2020-12-31 2.50 2.00
2020-04-07
BATS-CHIXE:LIABS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-06 1.750 1.855
2019-03-27 1.750 1.667
2019-02-13 1.750 2.060
2018-03-27 1.550 2.354
2017-03-29 1.400 1.818
2016-03-23 1.250 1.691
2015-03-23 1.100 1.703
2013-10-29 0.000 0.000
2013-10-15 0.000 0.000
2013-07-19 0.000 0.000
2013-07-15 0.000 0.000
2013-04-26 0.000 0.000
2013-04-15 0.000 0.000
2013-02-13 0.000 0.000
2012-02-14 1.000 2.111
2011-04-04 1.000 2.017
2010-11-01 0.000 0.000
2010-10-15 0.000 0.000
2010-07-16 0.000 0.000
2010-07-15 0.000 0.000
2010-04-29 0.000 0.000
2010-03-31 0.000 0.000
2010-03-01 0.000 0.000
2010-01-15 0.000 0.000
2009-05-06 2.750 3.829

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Lindab International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Lindab International'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 Lindab International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lindab International 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.

LIABS Management

 What is the CEO of Lindab International'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
Ola Ringdahl
COMPENSATION SEK5,825,738
AGE 47
TENURE AS CEO 1.8 years
CEO Bio

Mr. Ola Ringdahl has been the President and Chief Executive Officer of Lindab International AB since June 2018 and also serves as President & Chief Executive Officer at Lindab AB since 2018. He serves as Chief Executive Officer of Nord-Lock Group, specialists in secure bolting solutions, with subsidiaries in 20 countries. He serves as a board member in Hultafors Group AB. He has been a Director at Diamorph AB (publ) since December 7, 2015. He was Regional Director of Capio Healthcare 2011-2013. During the period 2003-2011 Ola had different leading roles within Crawford, since 2011 a part of Assa Abloy Entrance Systems. Mr. Ringdahl has a Masterâ s degree in Finance and Business Administration from the Stockholm School of Economics.

CEO Compensation
  • Insufficient data for Ola to compare compensation growth.
  • Ola's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Ola Ringdahl

TITLE
President & CEO
COMPENSATION
SEK6M
AGE
47
TENURE
1.8 yrs

Malin Samuelsson

TITLE
Executive VP & CFO
AGE
47
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Lindab International board of directors in years:

3.9
Average Tenure
57
Average Age
  • The tenure for the Lindab International board of directors is about average.
Board of Directors

Peter Nilsson

TITLE
Independent Chairman of the Board
COMPENSATION
SEK738K
AGE
57
TENURE
3.9 yrs

Viveka Ekberg

TITLE
Independent Director
COMPENSATION
SEK412K
AGE
57
TENURE
3.9 yrs

Pontus Andersson

TITLE
Employee Representative Director
COMPENSATION
SEK26K
AGE
53
TENURE
25.3 yrs

Sonat Burman-Olsson

TITLE
Independent Director
COMPENSATION
SEK311K
AGE
61
TENURE
8.9 yrs

Per Bertland

TITLE
Independent Director
COMPENSATION
SEK341K
AGE
62
TENURE
3.9 yrs

Bent Johannesson

TITLE
Independent Director
COMPENSATION
SEK311K
AGE
65
TENURE
3.9 yrs

Anders Lundberg

TITLE
Employee Representative Director
COMPENSATION
SEK26K
AGE
57
TENURE
3.7 yrs

Anette Frumerie

TITLE
Independent Director
COMPENSATION
SEK361K
AGE
51
TENURE
3.3 yrs

John Hedberg

TITLE
Independent Director
COMPENSATION
SEK361K
AGE
47
TENURE
3.3 yrs

Peter Stensmar

TITLE
Deputy Director
AGE
55
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Lindab International individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
16. Mar 20 Buy Viveka Ekberg Individual 16. Mar 20 16. Mar 20 4,000 SEK78.76 SEK315,040
10. Feb 20 Buy Malin Samuelsson Individual 10. Feb 20 10. Feb 20 4,000 SEK117.23 SEK468,926
07. Feb 20 Buy Ola Ringdahl Individual 06. Feb 20 07. Feb 20 8,000 SEK110.46 SEK882,392
18. Sep 19 Buy Ola Ringdahl Individual 18. Sep 19 18. Sep 19 2,000 SEK100.20 SEK200,400
18. Sep 19 Sell Creades AB Company 18. Sep 19 18. Sep 19 -3,679,322 SEK99.00 SEK-364,252,886
23. Sep 19 Buy Ola Ringdahl Individual 23. Sep 19 23. Sep 19 2,000 SEK101.20 SEK202,400
22. Jul 19 Sell Bengt Andersson Individual 22. Jul 19 22. Jul 19 -1,900 SEK118.00 SEK-224,200
15. Jun 19 Buy Per Bertland Individual 13. Jun 19 13. Jun 19 1,461 SEK104.40 SEK152,528
24. May 19 Buy John Hedberg Individual 23. May 19 23. May 19 1,000 SEK97.51 SEK97,515
24. May 19 Buy Sonat Burman-Olsson Individual 23. May 19 23. May 19 539 SEK97.00 SEK52,283
24. May 19 Buy Viveka Ekberg Individual 22. May 19 22. May 19 1,100 SEK98.61 SEK108,468
24. May 19 Buy Anette Frumerie Individual 23. May 19 23. May 19 600 SEK98.90 SEK59,340
24. May 19 Buy Per Bertland Individual 23. May 19 23. May 19 539 SEK97.38 SEK52,488
24. May 19 Buy Bent Johannesson Individual 23. May 19 24. May 19 2,000 SEK99.80 SEK198,838
23. May 19 Buy Peter Nilsson Individual 23. May 19 23. May 19 1,200 SEK97.40 SEK116,885
X
Management checks
We assess Lindab International'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. Lindab International 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.

LIABS News

Simply Wall St News

LIABS Company Info

Description

Lindab International AB (publ) develops, manufactures, markets, and distributes products and system solutions for construction and improved indoor climate. The company operates through three segments: Ventilation Systems, Profile Systems, and Building Systems. It offers products and systems for ventilation, cooling, and heating, as well as construction products and building solutions, such as steel rainwater systems; roof and wall cladding; and steel profiles for wall, roof and beam constructions, and buildings. The company also provides prefabricated steel construction systems, as well as proprietary IT software that simplify the project planning and quotation process for designers and contractors. In addition, it offers indoor climate products, such as air diffusers, water-borne climate systems, and acoustics. Lindab International AB (publ) offers its products through a network of approximately 128 branches, as well as through building contractors and retailers primarily in the Nordic region, Western Europe, Central and Eastern Europe/the Commonwealth of Independent States, and internationally. The company was formerly known as Lindab Intressenter AB and changed its name to Lindab International AB (publ) in May 2006. Lindab International AB (publ) was founded in 1959 and is headquartered in Bastad, Sweden.

Details
Name: Lindab International AB (publ)
LIABS
Exchange: BATS-CHIXE
Founded: 1959
SEK6,194,340,339
76,331,982
Website: http://www.lindabgroup.com
Address: Lindab International AB (publ)
Järnvägsgatan 41,
Grevie,
Bastad,
Skåne County, 269 82,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM LIAB Series A Shares OMX Nordic Exchange Stockholm SE SEK 01. Dec 2006
LSE 0MWK Series A Shares London Stock Exchange GB SEK 01. Dec 2006
BATS-CHIXE LIABS Series A Shares BATS 'Chi-X Europe' GB SEK 01. Dec 2006
Number of employees
Current staff
Staff numbers
5,196
Lindab International employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 19:35
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/27
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.