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Serneke Group

BATS-CHIXE:SRNKBS
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRNKBS
BATS-CHIXE
SEK865M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Serneke Group AB (publ) operates as a construction company primarily in the regions of Gothenburg, Stockholm, and Malmö. The last earnings update was 64 days ago. More info.


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  • Serneke Group has significant price volatility in the past 3 months.
SRNKBS Share Price and Events
7 Day Returns
10.4%
BATS-CHIXE:SRNKBS
7.1%
GB Construction
5.3%
GB Market
1 Year Returns
-30.2%
BATS-CHIXE:SRNKBS
-30.4%
GB Construction
-21.5%
GB Market
SRNKBS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Serneke Group (SRNKBS) 10.4% -37.6% -33.1% -30.2% -63.1% -
GB Construction 7.1% -11.5% -19.6% -30.4% -55.5% -54.4%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • SRNKBS matched the Construction industry (-30.4%) over the past year.
  • SRNKBS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
SRNKBS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Serneke Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Serneke Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Serneke Group.

BATS-CHIXE:SRNKBS 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 10.2%
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:SRNKBS
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 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 22%) (183.29%))
1.777
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.78
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.777 * 5.44%)
10.2%

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

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

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

BATS-CHIXE:SRNKBS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 10.2%)
2020 358.00 Analyst x1 324.87
2021 252.00 Analyst x1 207.51
2022 872.00 Analyst x1 651.60
2023 1,391.01 Est @ 59.52% 943.23
2024 1,972.76 Est @ 41.82% 1,213.90
2025 2,553.44 Est @ 29.43% 1,425.79
2026 3,083.62 Est @ 20.76% 1,562.47
2027 3,536.70 Est @ 14.69% 1,626.19
2028 3,906.09 Est @ 10.44% 1,629.81
2029 4,197.88 Est @ 7.47% 1,589.45
Present value of next 10 years cash flows SEK11,174.00
BATS-CHIXE:SRNKBS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK4,197.88 × (1 + 0.53%) ÷ (10.2% – 0.53%)
SEK43,645.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK43,645.18 ÷ (1 + 10.2%)10
SEK16,525.45
BATS-CHIXE:SRNKBS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK11,174.00 + SEK16,525.45
SEK27,699.45
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK27,699.45 / 21.62
SEK1281.29
BATS-CHIXE:SRNKBS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:SRNKBS represents 0.98x of OM:SRNKE B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 1,281.29 x 0.98
SEK1,255.66
Value per share (SEK) From above. SEK1,255.66
Current discount Discount to share price of SEK39.20
= -1 x (SEK39.20 - SEK1,255.66) / SEK1,255.66
96.9%

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

Current Discount
Amount off the current price Serneke Group is available for.
Intrinsic value
>50%
Share price is SEK39.2 vs Future cash flow value of SEK1255.66
Current Discount Checks
For Serneke Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Serneke Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Serneke Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Serneke Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Serneke Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SRNKBS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK-3.79
OM:SRNKE B Share Price ** OM (2020-04-09) in SEK SEK40
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.77x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

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

** Primary Listing of Serneke Group.

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

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

= 40 ÷ -3.79

-10.56x

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

  • Serneke Group is loss making, we can't compare its value to the GB Construction industry average.
  • Serneke Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Serneke Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:SRNKBS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
63.5%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*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 Serneke Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Serneke Group's assets?
Raw Data
BATS-CHIXE:SRNKBS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK100.79
OM:SRNKE B Share Price * OM (2020-04-09) in SEK SEK40
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:SRNKBS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 40 ÷ 100.79

0.4x

* Primary Listing of Serneke Group.

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

  • Serneke Group is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess Serneke Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the 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. Serneke Group 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.

Future Performance

 How is Serneke Group 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
63.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Serneke Group expected to grow at an attractive rate?
  • Serneke Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Serneke Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Serneke Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:SRNKBS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SRNKBS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 63.5%
BATS-CHIXE:SRNKBS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.3%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 16%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
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:SRNKBS 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:SRNKBS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 10,350 976 303 1
2021-12-31 9,154 344 263 2
2020-12-31 8,591 452 198 2
2020-04-09
BATS-CHIXE:SRNKBS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 6,725 -645 -85
2019-09-30 6,463 -464 553
2019-06-30 6,446 -309 525
2019-03-31 6,511 -206 578
2018-12-31 6,516 265 607
2018-09-30 6,257 -137 184
2018-06-30 6,169 -44 290
2018-03-31 5,952 116 329
2017-12-31 5,605 47 323
2017-09-30 5,139 133 197
2017-06-30 4,670 -10 198
2017-03-31 4,415 244 432

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Serneke Group's earnings are expected to grow significantly at over 20% yearly.
  • Serneke Group's revenue is expected to grow by 13.3% 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:SRNKBS 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 Serneke Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SRNKBS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 13.40 13.40 13.40 1.00
2021-12-31 11.46 11.58 11.34 2.00
2020-12-31 8.60 9.88 7.32 2.00
2020-04-09
BATS-CHIXE:SRNKBS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 -3.79
2019-09-30 24.61
2019-06-30 23.34
2019-03-31 25.46
2018-12-31 26.50
2018-09-30 7.97
2018-06-30 12.47
2018-03-31 14.15
2017-12-31 13.94
2017-09-30 8.75
2017-06-30 9.50
2017-03-31 22.52

*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.
  • Serneke Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Serneke Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Serneke Group has a total score of 4/6, see the detailed checks below.

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

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

Past Performance

  How has Serneke Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Serneke Group'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.
  • Serneke Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Serneke Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Serneke Group's 1-year growth to the GB Construction industry average as it is not currently profitable.
Earnings and Revenue History
Serneke Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

BATS-CHIXE:SRNKBS 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 6,725.00 -85.00 197.00
2019-09-30 6,463.00 553.00 188.00
2019-06-30 6,446.00 525.00 170.00
2019-03-31 6,511.00 578.00 148.00
2018-12-31 6,516.00 607.00 134.00
2018-09-30 6,257.00 184.00 161.00
2018-06-30 6,169.00 290.00 160.00
2018-03-31 5,952.00 329.00 156.00
2017-12-31 5,605.00 323.00 151.00
2017-09-30 5,139.00 197.00 113.00
2017-06-30 4,670.00 198.00 108.00
2017-03-31 4,415.00 432.00 104.00
2016-12-31 3,978.00 394.00 97.00
2016-09-30 3,722.00 506.00 84.00
2015-12-31 3,107.00 137.00 68.00
2014-12-31 1,800.00 68.00 42.00
2013-12-31 1,137.26 40.58 254.28

*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.
  • It is difficult to establish if Serneke Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Serneke Group has efficiently used its assets last year compared to the GB Construction industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Serneke Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Serneke Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the 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.
Serneke Group has a total score of 0/6, 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 Serneke Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Serneke Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Serneke Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Serneke Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Serneke Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x 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 Serneke Group Company Filings, last reported 3 months ago.

BATS-CHIXE:SRNKBS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,179.00 1,585.00 162.00
2019-09-30 2,238.00 1,727.00
2019-06-30 2,263.00 1,512.00
2019-03-31 2,257.00 1,398.00 210.00
2018-12-31 2,272.00 1,004.00 389.00
2018-09-30 1,721.00 1,211.00 464.00
2018-06-30 1,770.00 1,209.00 562.00
2018-03-31 1,860.00 846.00 625.00
2017-12-31 1,821.00 786.00 431.00
2017-09-30 1,669.00 821.00 651.00
2017-06-30 1,621.00 713.00 558.00
2017-03-31 1,530.00 758.00 698.00
2016-12-31 1,469.00 727.00 571.00
2016-09-30 822.00 1,003.00 211.00
2015-12-31 453.00 407.00 11.00
2014-12-31 280.00 431.00 84.00
2013-12-31 231.36 167.38 12.81
  • Serneke Group's level of debt (69.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (160.2% vs 69.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Serneke Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Serneke Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Serneke Group has a total score of 3/6, 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 Serneke Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Serneke Group dividends. Estimated to be 10.49% next year.
If you bought SEK2,000 of Serneke Group 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 Serneke Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Serneke Group'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:SRNKBS 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 Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
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 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:SRNKBS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 5.36 1.00
2021-12-31 4.32 2.00
2020-12-31 3.50 2.00
2020-04-09
BATS-CHIXE:SRNKBS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-10-25 0.000 0.000
2019-07-17 0.000 0.000
2019-04-17 0.000 0.000
2019-04-09 0.000 0.000
2018-04-04 4.000 5.572

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

  • Unable to perform a dividend volatility check as Serneke Group has not reported any payouts.
  • Unable to verify if Serneke Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Serneke Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Serneke Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Serneke Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Serneke Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Serneke Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Serneke Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ola Serneke
COMPENSATION SEK2,658,000
AGE 48
TENURE AS CEO 12.3 years
CEO Bio

Mr. Ola Serneke has been Chief Executive Officer and President at Serneke Group AB (publ) since 2008. Mr. Serneke serves as the President of Ola Serneke Invest AB and Landskrona Fröfabriksutvecklings AB. He serves as Chairman and Member of the board of Serneke – Allebike Cross Country Team AB. Mr. Serneke serves as a Director of SKI TOP AB, SELOPA AB, and Landskrona Fröfabriksutvecklings AB. He also serves as a Member of the Boards of Ola Serneke Invest AB. Mr. Serneke has been Director at Serneke Group AB (publ) since 2004.

CEO Compensation
  • Ola's compensation has increased whilst company is loss making.
  • Ola's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

3.3
Average Tenure
48
Average Age
  • The tenure for the Serneke Group management team is about average.
Management Team

Ola Serneke

TITLE
President
COMPENSATION
SEK3M
AGE
48
TENURE
12.3 yrs

Anders Düring

TITLE
Chief Financial Officer
AGE
54
TENURE
3.3 yrs

Daniel Modéus

TITLE
General Counsel
AGE
49
TENURE
1.5 yrs

Jonas Fjellman

TITLE
Human Resources Director
AGE
40
TENURE
2.5 yrs

Michael Berglin

TITLE
Deputy Chief Executive Officer
AGE
46
TENURE
8.3 yrs
Board of Directors Tenure

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

3.3
Average Tenure
57
Average Age
  • The tenure for the Serneke Group board of directors is about average.
Board of Directors

Kent Sander

TITLE
Chairman of the Board
COMPENSATION
SEK750K
AGE
66
TENURE
3.3 yrs

Ola Serneke

TITLE
President
COMPENSATION
SEK3M
AGE
48
TENURE
16.3 yrs

Mari Broman

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
68
TENURE
5.3 yrs

Ludwig Mattsson

TITLE
Independent Director
COMPENSATION
SEK200K
AGE
36
TENURE
8.3 yrs

Anna-Karin Celsing

TITLE
Independent Director
AGE
57
TENURE
1.9 yrs

Anna Belfrage

TITLE
Independent Director
AGE
57
TENURE
1.3 yrs

Fredrik Alvarsson

TITLE
Independent Director
AGE
50
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Serneke Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
13. Mar 20 Buy Ola Serneke Invest AB Company 13. Mar 20 13. Mar 20 1,505 SEK46.74 SEK70,344
12. Mar 20 Buy Ola Serneke Invest AB Company 10. Mar 20 12. Mar 20 2,440 SEK63.74 SEK141,465
29. Feb 20 Buy Ola Serneke Invest AB Company 27. Feb 20 28. Feb 20 5,892 SEK73.77 SEK426,080
28. Feb 20 Buy Ola Serneke Invest AB Company 28. Feb 20 28. Feb 20 2,500 SEK68.35 SEK170,875
26. Feb 20 Buy Ola Serneke Invest AB Company 26. Feb 20 26. Feb 20 1,000 SEK78.80 SEK78,800
21. Feb 20 Buy Daniel Modéus Individual 18. Feb 20 18. Feb 20 481 SEK74.77 SEK35,964
06. Aug 19 Buy Krister Johansson Individual 25. Jul 19 25. Jul 19 268 SEK57.01 SEK15,279
05. Aug 19 Buy Daniel Modéus Individual 25. Jul 19 25. Jul 19 632 SEK57.01 SEK36,030
01. Aug 19 Buy Patrik Lindström Individual 25. Jul 19 25. Jul 19 165 SEK57.01 SEK9,407
31. Jul 19 Buy Fredrik Jonsson Individual 25. Jul 19 25. Jul 19 631 SEK57.01 SEK35,973
30. Jul 19 Buy Jonas Fjellman Individual 25. Jul 19 25. Jul 19 527 SEK57.01 SEK30,044
30. Jul 19 Buy Anders Düring Individual 25. Jul 19 25. Jul 19 841 SEK57.01 SEK47,945
27. Jul 19 Buy Daniel Åstenius Individual 25. Jul 19 25. Jul 19 868 SEK57.01 SEK49,485
26. Jul 19 Buy Michael Berglin Individual 25. Jul 19 25. Jul 19 460 SEK57.01 SEK26,225
03. May 19 Buy Anders Düring Individual 25. Apr 19 25. Apr 19 4,150 SEK49.50 SEK205,425
02. May 19 Buy Jonas Fjellman Individual 25. Apr 19 25. Apr 19 598 SEK50.19 SEK30,014
30. Apr 19 Buy Patrik Lindström Individual 25. Apr 19 25. Apr 19 189 SEK50.19 SEK9,486
29. Apr 19 Buy Daniel Modéus Individual 25. Apr 19 25. Apr 19 717 SEK50.19 SEK35,986
29. Apr 19 Buy Krister Johansson Individual 25. Apr 19 25. Apr 19 306 SEK50.19 SEK15,358
29. Apr 19 Buy Fredrik Jonsson Individual 25. Apr 19 25. Apr 19 717 SEK50.19 SEK35,986
28. Apr 19 Buy ROBIN GERUM Individual 25. Apr 19 25. Apr 19 748 SEK50.19 SEK37,542
27. Apr 19 Buy Daniel Åstenius Individual 25. Apr 19 25. Apr 19 986 SEK50.19 SEK49,487
25. Apr 19 Buy Michael Berglin Individual 25. Apr 19 25. Apr 19 524 SEK50.19 SEK26,300
17. Apr 19 Buy Ledge Ing Ab Company 17. Apr 19 17. Apr 19 10,020 SEK50.00 SEK498,863
X
Management checks
We assess Serneke Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Serneke Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

Serneke Group AB (publ) operates as a construction company primarily in the regions of Gothenburg, Stockholm, and Malmö. The company operates through Construction, Civil Engineering, Project Development, and Property Management segments. It constructs homes, offices, schools, hospitals, sports facilities, shopping centers, and industrial premises, as well as undertakes maintenance and repair works. The company also undertakes foundation, infrastructure, electrical grid, power plant, harbor contract, industrial, earth and excavation, and concrete project works. In addition, it engages in the acquisition, development, and sale of developable land and development rights primarily for housing, offices, and retail spaces. Further, the company develops and manages properties for long-term capital appreciation. It serves government, municipalities, and county councils, as well as state and municipal property companies, private property companies, and industrial and commercial companies. Serneke Group AB (publ) was founded in 2002 and is headquartered in Gothenburg, Sweden.

Details
Name: Serneke Group AB (publ)
SRNKBS
Exchange: BATS-CHIXE
Founded: 2002
SEK864,739,120
21,618,478
Website: http://www.serneke.group
Address: Serneke Group AB (publ)
Kvarnbergsgatan 2,
Gothenburg,
Västra Götaland County, 411 05,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SRNKE B Class B Shares OMX Nordic Exchange Stockholm SE SEK 24. Nov 2016
LSE 0RKE Class B Shares London Stock Exchange GB SEK 24. Nov 2016
BATS-CHIXE SRNKBS Class B Shares BATS 'Chi-X Europe' GB SEK 24. Nov 2016
Number of employees
Current staff
Staff numbers
1,100
Serneke Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:26
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/02/19
Last earnings filing: 2020/02/05
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.