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Nederman Holding

BATS-CHIXE:NMANS
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NMANS
BATS-CHIXE
SEK4B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Nederman Holding AB (publ) operates as an environmental technology company in North and South America, Europe, the Middle East, Africa, Asia, and Oceania. The last earnings update was 18 days ago. More info.


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  • Nederman Holding has significant price volatility in the past 3 months.
NMANS Share Price and Events
7 Day Returns
1.8%
BATS-CHIXE:NMANS
1.8%
GB Building
-5.4%
GB Market
1 Year Returns
-2.7%
BATS-CHIXE:NMANS
-12.2%
GB Building
-25.2%
GB Market
NMANS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nederman Holding (NMANS) 1.8% -24.5% -26.3% -2.7% 40% 49.3%
GB Building 1.8% -23.9% -27.9% -12.2% -23.2% -2.1%
GB Market -5.4% -20.6% -29.1% -25.2% -25.9% -25.1%
1 Year Return vs Industry and Market
  • NMANS outperformed the Building industry which returned -12.2% over the past year.
  • NMANS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.2% over the past year.
Price Volatility
NMANS
Industry
5yr Volatility vs Market

Value

 Is Nederman Holding 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 Nederman Holding 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 Nederman Holding.

BATS-CHIXE:NMANS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.7%
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:NMANS
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 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.064 (1 + (1- 22%) (48.53%))
1.313
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.313 * 5.44%)
7.67%

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

The calculations below outline how an intrinsic value for Nederman Holding 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:NMANS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.67%)
2020 247.61 Est @ 3.33% 229.97
2021 253.77 Est @ 2.49% 218.90
2022 258.60 Est @ 1.9% 207.18
2023 262.46 Est @ 1.49% 195.29
2024 265.61 Est @ 1.2% 183.55
2025 268.27 Est @ 1% 172.18
2026 270.58 Est @ 0.86% 161.29
2027 272.63 Est @ 0.76% 150.94
2028 274.52 Est @ 0.69% 141.16
2029 276.28 Est @ 0.64% 131.94
Present value of next 10 years cash flows SEK1,792.00
BATS-CHIXE:NMANS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK276.28 × (1 + 0.53%) ÷ (7.67% – 0.53%)
SEK3,889.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK3,889.78 ÷ (1 + 7.67%)10
SEK1,857.63
BATS-CHIXE:NMANS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK1,792.00 + SEK1,857.63
SEK3,649.63
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK3,649.63 / 35.09
SEK104
BATS-CHIXE:NMANS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:NMANS represents 0.96789x of OM:NMAN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96789x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 104.00 x 0.96789
SEK100.66
Value per share (SEK) From above. SEK100.66
Current discount Discount to share price of SEK105.50
= -1 x (SEK105.50 - SEK100.66) / SEK100.66
-4.8%

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

  • The current share price of Nederman Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nederman Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nederman Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:NMANS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK6.43
OM:NMAN Share Price ** OM (2020-04-01) in SEK SEK109
United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio Median Figure of 10 Publicly-Listed Building Companies 10.87x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.44x

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

** Primary Listing of Nederman Holding.

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

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

= 109 ÷ 6.43

16.94x

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

  • Nederman Holding is overvalued based on earnings compared to the GB Building industry average.
  • Nederman Holding is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Nederman Holding's expected growth come at a high price?
Raw Data
BATS-CHIXE:NMANS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 0.45x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Nederman Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nederman Holding's assets?
Raw Data
BATS-CHIXE:NMANS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK39.27
OM:NMAN Share Price * OM (2020-04-01) in SEK SEK109
United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio Median Figure of 12 Publicly-Listed Building Companies 0.98x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.07x
BATS-CHIXE:NMANS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 109 ÷ 39.27

2.78x

* Primary Listing of Nederman Holding.

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

  • Nederman Holding is overvalued based on assets compared to the GB Building industry average.
X
Value checks
We assess Nederman Holding'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. Nederman Holding 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.

Future Performance

 How is Nederman Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nederman Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.9%
Expected Building industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nederman Holding expected to grow at an attractive rate?
  • Unable to compare Nederman Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Nederman Holding's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Nederman Holding's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:NMANS Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.3%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*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:NMANS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:NMANS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BATS-CHIXE:NMANS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 4,308 321 226
2019-09-30 4,290 240 243
2019-06-30 4,037 160 224
2019-03-31 3,805 160 213
2018-12-31 3,554 271 203
2018-09-30 3,345 234 187
2018-06-30 3,278 256 196
2018-03-31 3,174 321 191
2017-12-31 3,149 279 186
2017-09-30 3,109 292 174
2017-06-30 3,132 265 179
2017-03-31 3,143 201 184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nederman Holding is high growth as no earnings estimate data is available.
  • Unable to determine if Nederman Holding is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:NMANS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:NMANS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BATS-CHIXE:NMANS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 6.43
2019-09-30 6.93
2019-06-30 6.37
2019-03-31 6.06
2018-12-31 5.78
2018-09-30 5.31
2018-06-30 5.60
2018-03-31 5.45
2017-12-31 5.31
2017-09-30 4.97
2017-06-30 5.10
2017-03-31 5.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nederman Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Nederman Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Nederman Holding's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Nederman Holding'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.
Nederman Holding has a total score of 0/6, see the detailed checks below.

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

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

Past Performance

  How has Nederman Holding 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 Nederman Holding'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.
  • Nederman Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Nederman Holding's 1-year earnings growth is less than its 5-year average (11.3% vs 13%)
  • Nederman Holding's earnings growth has exceeded the GB Building industry average in the past year (11.3% vs 2.5%).
Earnings and Revenue History
Nederman Holding'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 Nederman Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:NMANS 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 4,307.70 225.80 1,171.60 65.20
2019-09-30 4,290.20 243.20 1,155.80 61.60
2019-06-30 4,036.80 223.50 1,092.10 54.40
2019-03-31 3,804.50 212.70 1,041.60 50.00
2018-12-31 3,553.90 202.80 982.70 44.10
2018-09-30 3,344.90 186.60 944.30 35.10
2018-06-30 3,278.40 196.40 917.90 27.10
2018-03-31 3,173.70 191.10 890.80 20.20
2017-12-31 3,148.50 186.30 884.90 14.20
2017-09-30 3,108.60 174.20 881.10 10.20
2017-06-30 3,131.90 179.10 881.60 9.90
2017-03-31 3,143.20 183.90 873.60 8.60
2016-12-31 3,107.30 172.10 857.10 7.80
2016-09-30 3,185.80 172.30 860.10 8.70
2016-06-30 3,190.50 153.20 856.50 8.20
2016-03-31 3,195.50 149.00 854.00 6.90
2015-12-31 3,198.00 152.80 852.70 6.40
2015-09-30 3,106.30 138.50 840.40 6.50
2015-06-30 3,042.60 138.50 826.80 7.70
2015-03-31 2,930.90 116.70 815.90 8.40
2014-12-31 2,826.90 94.30 798.80 10.30
2014-09-30 2,708.10 78.60 778.70 6.10
2014-06-30 2,620.10 65.40 772.40 8.30
2014-03-31 2,662.50 79.40 769.10 12.80
2013-12-31 2,659.20 69.70 772.00 14.70
2013-09-30 2,734.00 85.70 796.50 21.00
2013-06-30 2,571.30 92.60 761.60 19.60

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

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

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

Health

 How is Nederman Holding'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 Nederman Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nederman Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nederman Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nederman Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x 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 Nederman Holding Company Filings, last reported 3 months ago.

BATS-CHIXE:NMANS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,378.20 1,580.60 445.30
2019-09-30 1,338.30 968.00 412.90
2019-06-30 1,323.40 951.30 327.50
2019-03-31 1,339.60 943.60 403.30
2018-12-31 1,234.90 925.50 463.90
2018-09-30 1,192.40 810.10 231.10
2018-06-30 1,176.50 811.10 209.60
2018-03-31 1,158.70 831.00 348.50
2017-12-31 1,075.80 822.40 360.90
2017-09-30 995.60 662.80 314.30
2017-06-30 976.30 681.10 262.00
2017-03-31 1,012.40 692.90 240.10
2016-12-31 982.20 702.40 287.80
2016-09-30 903.90 792.40 254.00
2016-06-30 847.20 813.40 248.50
2016-03-31 852.50 782.40 258.10
2015-12-31 837.10 788.40 261.40
2015-09-30 782.90 795.40 248.60
2015-06-30 762.00 768.30 252.00
2015-03-31 791.40 789.10 306.00
2014-12-31 733.30 769.80 325.00
2014-09-30 655.30 751.50 239.20
2014-06-30 613.50 749.20 207.50
2014-03-31 617.30 736.10 222.30
2013-12-31 619.80 741.40 270.00
2013-09-30 579.80 766.40 211.50
2013-06-30 576.20 769.90 182.70
  • Nederman Holding's level of debt (114.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (104.9% vs 114.7% today).
  • Debt is well covered by operating cash flow (20.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).
X
Financial health checks
We assess Nederman Holding'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. Nederman Holding 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.

Dividends

 What is Nederman Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nederman Holding dividends.
If you bought SEK2,000 of Nederman Holding shares you are expected to receive SEK0 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?
  • Unable to evaluate Nederman Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nederman Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:NMANS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 608 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.6%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:NMANS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
BATS-CHIXE:NMANS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.000 0.000
2019-03-18 2.300 1.897
2019-02-19 2.300 2.080
2018-03-14 2.000 2.035
2017-03-13 1.833 2.275
2016-03-14 1.667 2.465
2015-03-18 1.333 1.822
2014-03-31 1.333 2.419
2014-02-12 1.333 2.147
2013-03-28 1.333 2.313
2012-03-05 1.083 2.516
2012-02-15 1.083 2.616
2011-04-01 0.500 1.396
2011-02-16 0.500 1.374
2010-10-22 0.000 0.000
2010-08-12 0.000 0.000
2010-04-28 0.000 0.000
2010-02-16 0.000 0.000

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

  • Unable to perform a dividend volatility check as Nederman Holding has not reported any payouts.
  • Unable to verify if Nederman Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nederman Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nederman Holding has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Nederman Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Nederman Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nederman Holding has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Nederman Holding'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
Sven Kristensson
COMPENSATION SEK7,618,000
AGE 57
TENURE AS CEO 19.3 years
CEO Bio

Mr. Sven Kristensson has been the Group Chief Executive Officer of AB Ph. Nederman & Co. since 2001 and also serves as its President, Head of Apac, Interim Senior Vice President. Mr. Kristensson has been Chief Executive Officer of Nederman Holding AB (publ) and Nederman Ltd. since 2001. He serves as President of Nederman Holding AB (publ and was its Acting Head of Division Nederman Monitoring & Control Technology since 2019. He serves as Chairman of the Board of BK Pac Aktiebolag. He has been a Director of Nederman Holding AB since April 2008. He serves as a Board member of Scandiflex Pac Aktiebolag.

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

Average tenure and age of the Nederman Holding management team in years:

1.3
Average Tenure
51
Average Age
  • The average tenure for the Nederman Holding management team is less than 2 years, this suggests a new team.
Management Team

Sven Kristensson

TITLE
President
COMPENSATION
SEK8M
AGE
57
TENURE
19.3 yrs

Matthew Cusick

TITLE
Senior VP & CFO
AGE
42
TENURE
3.4 yrs

Eva Svensson

TITLE
Senior Vice President of Human Resources
AGE
55

Hans Dahlén

TITLE
Senior VP and Head of Division Extraction & Filtration Technology
AGE
51

Tomas Hagström

TITLE
Senior VP & Head of Division Process Technology
AGE
43
TENURE
3.3 yrs

Jeppe Rasmussen

TITLE
Senior VP and Head of Division Duct & Filter Technology
AGE
57
TENURE
1.3 yrs

Erik Wahn

TITLE
Senior Vice President of Corporate Strategy & Business Development
AGE
39
TENURE
1.3 yrs

Kristian Lexander

TITLE
Senior VP & CIO
AGE
44
TENURE
1.3 yrs

Ketil Paulsen

TITLE
Senior VP and Head of Division Monitoring & Control Technology
AGE
58
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Nederman Holding board of directors in years:

3.8
Average Tenure
55
Average Age
  • The tenure for the Nederman Holding board of directors is about average.
Board of Directors

Johan Hjertonsson

TITLE
Chairman of the Board
COMPENSATION
SEK540K
AGE
51
TENURE
1 yrs

Sven Kristensson

TITLE
President
COMPENSATION
SEK8M
AGE
57
TENURE
12 yrs

Ylva Op Den Hammargren

TITLE
Independent Director
COMPENSATION
SEK260K
AGE
53
TENURE
9 yrs

Johan Menckel

TITLE
Independent Director
COMPENSATION
SEK260K
AGE
48
TENURE
4 yrs

Gunilla Fransson

TITLE
Independent Director
COMPENSATION
SEK260K
AGE
59
TENURE
3.6 yrs

Sam Strömerstén

TITLE
Independent Director
COMPENSATION
SEK260K
AGE
64
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
02. Sep 19 Buy Tomas Hagström Individual 02. Sep 19 02. Sep 19 540 SEK118.75 SEK64,125
07. Aug 19 Buy Johan Menckel Individual 06. Aug 19 07. Aug 19 4,000 SEK113.88 SEK453,195
14. May 19 Buy Matthew Cusick Individual 14. May 19 14. May 19 100 SEK110.20 SEK11,020
06. May 19 Buy Matthew Cusick Individual 03. May 19 03. May 19 406 SEK108.85 SEK44,193
06. May 19 Buy Hans Dahlén Individual 03. May 19 03. May 19 662 SEK108.85 SEK72,059
06. May 19 Buy Eva Svensson Individual 03. May 19 03. May 19 334 SEK108.50 SEK36,239
06. May 19 Buy Per-Ove Eriksson Individual 03. May 19 03. May 19 334 SEK108.85 SEK36,356
X
Management checks
We assess Nederman Holding'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. Nederman Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Nederman Holding AB (publ) operates as an environmental technology company in North and South America, Europe, the Middle East, Africa, Asia, and Oceania. It offers industrial air filtration products for heavy process industries, including metal fabrication, power generation, mineral processing, chemical, and other industries, as well as for metal fabrication, fiber-based production, process industry operations, and auto industry aftermarket sectors. The company also provides air filtration products, such as gas turbine inlet air filtration systems, and filters and related media products for the power generation and textile industries under the Nederman Pneumafil brand. In addition, it offers metal chip processing and ash handling systems to metal machining plants, metal recyclers, solid fuel fired power plants, and others under the Nederman National Conveyors brand name; and products and solutions for handling oil mist generated during metal machining. Further, the company provides technologies for evaporation, drying, and filtration of liquids; and extrusion, spheronization, feeding, and pelleting in the chemical industry under the LCI brand name. Additionally, it also supplies gas and dust analyzers for industries; and provides particulate monitors and intelligent controls for filtration systems and related material flow processes. The company also designs and engineers of components and systems, as well as manufactures, assembles, installs, and after sales services; and develops, manufactures, and markets solutions for monitoring industrial emissions and portable instruments. The company sells its products through own sales organization, agents or resellers. Nederman Holding AB (publ) was founded in 1944 and is headquartered in Helsingborg, Sweden.

Details
Name: Nederman Holding AB (publ)
NMANS
Exchange: BATS-CHIXE
Founded: 1944
SEK3,825,147,464
35,093,096
Website: http://www.nedermangroup.com
Address: Nederman Holding AB (publ)
Sydhamnsgatan 2,
PO Box 602,
Helsingborg,
Skåne County, Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NMAN Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 16. May 2007
LSE 0GXG Ordinary Shares London Stock Exchange GB SEK 16. May 2007
BATS-CHIXE NMANS Ordinary Shares BATS 'Chi-X Europe' GB SEK 16. May 2007
OM NMAN NPV OMX Nordic Exchange Stockholm SE SEK 16. May 2018
BATS-CHIXE NMANS NPV BATS 'Chi-X Europe' GB SEK 16. May 2018
Number of employees
Current staff
Staff numbers
2,370
Nederman Holding employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 20:03
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2018/02/15
Last earnings filing: 2020/03/16
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.