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JM

BATS-CHIXE:JMS
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JMS
BATS-CHIXE
SEK12B
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

JM AB (publ) develops and sells housing and residential areas in the Nordic region. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • JM has significant price volatility in the past 3 months.
JMS Share Price and Events
7 Day Returns
5.4%
BATS-CHIXE:JMS
8.2%
GB Consumer Durables
1.7%
GB Market
1 Year Returns
2%
BATS-CHIXE:JMS
-21%
GB Consumer Durables
-21.8%
GB Market
JMS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JM (JMS) 5.4% -29.2% -39% 2% -43.2% -43.4%
GB Consumer Durables 8.2% -31.3% -34.8% -21% -18.4% -2%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • JMS outperformed the Consumer Durables industry which returned -21% over the past year.
  • JMS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
JMS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is JM 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 JM 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 JM.

BATS-CHIXE:JMS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
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:JMS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 22%) (55.58%))
1.212
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.212 * 5.44%)
7.12%

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

The calculations below outline how an intrinsic value for JM 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:JMS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.12%)
2020 1,112.50 Analyst x2 1,038.52
2021 1,313.50 Analyst x2 1,144.62
2022 1,645.00 Analyst x2 1,338.18
2023 1,885.16 Est @ 14.6% 1,431.57
2024 2,080.82 Est @ 10.38% 1,475.07
2025 2,235.30 Est @ 7.42% 1,479.21
2026 2,355.02 Est @ 5.36% 1,454.81
2027 2,447.06 Est @ 3.91% 1,411.14
2028 2,517.90 Est @ 2.89% 1,355.44
2029 2,572.92 Est @ 2.19% 1,292.95
Present value of next 10 years cash flows SEK13,421.00
BATS-CHIXE:JMS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK2,572.92 × (1 + 0.53%) ÷ (7.12% – 0.53%)
SEK39,229.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK39,229.48 ÷ (1 + 7.12%)10
SEK19,713.75
BATS-CHIXE:JMS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK13,421.00 + SEK19,713.75
SEK33,134.75
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK33,134.75 / 69.58
SEK476.19
BATS-CHIXE:JMS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:JMS represents 0.95738x of OM:JM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95738x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 476.19 x 0.95738
SEK455.89
Value per share (SEK) From above. SEK455.89
Current discount Discount to share price of SEK175.20
= -1 x (SEK175.20 - SEK455.89) / SEK455.89
61.6%

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

Current Discount
Amount off the current price JM is available for.
Intrinsic value
>50%
Share price is SEK175.2 vs Future cash flow value of SEK455.89
Current Discount Checks
For JM to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JM's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JM'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 JM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:JMS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK21.93
OM:JM Share Price ** OM (2020-04-07) in SEK SEK183
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of JM.

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

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

= 183 ÷ 21.93

8.34x

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

  • JM is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • JM is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does JM's expected growth come at a high price?
Raw Data
BATS-CHIXE:JMS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
0.4%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.34x ÷ 0.4%

22.93x

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

  • JM is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on JM's assets?
Raw Data
BATS-CHIXE:JMS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK102.41
OM:JM Share Price * OM (2020-04-07) in SEK SEK183
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:JMS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 183 ÷ 102.41

1.79x

* Primary Listing of JM.

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

  • JM is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess JM'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. JM 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 JM expected to perform in the next 1 to 3 years based on estimates from 3 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
0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JM expected to grow at an attractive rate?
  • JM's earnings growth is positive but not above the low risk savings rate of 0.5%.
Growth vs Market Checks
  • JM's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • JM'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:JMS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:JMS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 0.4%
BATS-CHIXE:JMS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.7%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
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:JMS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 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:JMS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 16,464 1,246 1,532 3
2021-12-31 16,151 1,150 1,530 3
2020-12-31 15,624 1,030 1,493 3
2020-04-08
BATS-CHIXE:JMS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 15,711 -1,403 1,526
2019-09-30 16,034 -1,772 1,485
2019-06-30 15,366 -2,204 1,275
2019-03-31 15,494 -2,954 1,268
2019-01-01 15,693 -3,615 1,423
2018-09-30 16,046 -5,177 1,648
2018-06-30 16,504 -3,309 1,817
2018-03-31 16,968 -1,696 1,928
2017-12-31 17,289 -3 2,259
2017-09-30 17,021 2,464 2,124
2017-06-30 16,657 1,411 2,062
2017-03-31 15,992 1,896 1,891

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JM's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
  • JM's revenue is expected to grow by 1.7% 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:JMS 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 3 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:JMS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 21.99 24.40 18.38 3.00
2021-12-31 21.95 24.77 18.95 3.00
2020-12-31 21.43 23.24 19.55 3.00
2020-04-08
BATS-CHIXE:JMS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 21.93
2019-09-30 21.34
2019-06-30 18.32
2019-03-31 18.22
2019-01-01 20.45
2018-09-30 23.65
2018-06-30 26.00
2018-03-31 27.46
2017-12-31 31.98
2017-09-30 30.00
2017-06-30 28.83
2017-03-31 26.17

*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.
  • JM is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess JM'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.
JM 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 JM 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 JM's growth in the last year to its industry (Consumer Durables).
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.
  • JM's year on year earnings growth rate has been positive over the past 5 years.
  • JM's 1-year earnings growth exceeds its 5-year average (7.1% vs 5.3%)
  • JM's earnings growth has exceeded the GB Consumer Durables industry average in the past year (7.1% vs -9%).
Earnings and Revenue History
JM'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 JM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:JMS 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 15,711.00 1,526.00 1,014.00
2019-09-30 16,034.00 1,485.00 1,008.00
2019-06-30 15,366.00 1,275.00 1,011.00
2019-03-31 15,494.00 1,268.00 1,043.00
2019-01-01 15,693.00 1,423.00 1,073.00
2018-09-30 16,046.00 1,648.00 1,073.00
2018-06-30 16,504.00 1,817.00 1,078.00
2018-03-31 16,968.00 1,928.00 1,063.00
2017-12-31 17,289.00 2,259.00 1,037.00
2017-09-30 17,021.00 2,124.00 1,035.00
2017-06-30 16,657.00 2,062.00 1,012.00
2017-03-31 15,992.00 1,891.00 996.00
2016-12-31 15,306.00 1,478.00 967.00
2016-09-30 14,757.00 1,312.00 957.00
2016-06-30 14,490.00 1,175.00 936.00
2016-03-31 14,142.00 1,123.00 905.00
2015-12-31 13,995.00 1,085.00 898.00
2015-09-30 14,938.00 1,210.00 860.00
2015-06-30 14,542.00 1,234.00 845.00
2015-03-31 14,593.00 1,284.00 827.00
2014-12-31 14,241.00 1,306.00 811.00
2014-09-30 13,446.00 1,280.00 797.00
2014-06-30 13,030.00 1,246.00 786.00
2014-03-31 12,880.00 1,179.00 785.00
2013-12-31 12,627.00 1,104.00 774.00
2013-09-30 12,173.00 954.00 766.00
2013-06-30 12,662.00 964.00 764.00

*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.
  • JM has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • JM used its assets less efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • JM's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JM'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 Consumer Durables 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.
JM has a total score of 4/6, see the detailed checks below.

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

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

Health

 How is JM'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 JM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JM's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JM'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 3.8x 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 JM Company Filings, last reported 3 months ago.

BATS-CHIXE:JMS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,126.00 5,991.00 2,397.00
2019-09-30 6,676.00 6,012.00 1,955.00
2019-06-30 6,431.00 4,846.00 1,168.00
2019-03-31 6,921.00 4,697.00 2,150.00
2019-01-01 6,644.00 5,438.00 1,682.00
2018-09-30 6,332.00 3,234.00 1,854.00
2018-06-30 6,121.00 3,168.00 2,078.00
2018-03-31 6,502.00 2,382.00 2,564.00
2017-12-31 6,043.00 4,983.00 2,572.00
2017-09-30 5,511.00 2,077.00 2,557.00
2017-06-30 5,200.00 658.00 2,211.00
2017-03-31 5,526.00 593.00 2,619.00
2016-12-31 4,951.00 2,901.00 1,520.00
2016-09-30 4,527.00 619.00 1,177.00
2016-06-30 4,263.00 711.00 1,282.00
2016-03-31 4,719.00 783.00 1,182.00
2015-12-31 4,521.00 1,693.00 1,275.00
2015-09-30 4,358.00 1,020.00 1,557.00
2015-06-30 4,277.00 1,058.00 1,887.00
2015-03-31 4,726.00 1,066.00 2,077.00
2014-12-31 4,635.00 2,109.00 2,424.00
2014-09-30 4,397.00 915.00 2,155.00
2014-06-30 4,297.00 955.00 1,962.00
2014-03-31 4,629.00 959.00 2,142.00
2013-12-31 4,455.00 1,027.00 2,385.00
2013-09-30 4,122.00 908.00 1,600.00
2013-06-30 4,030.00 980.00 1,607.00
  • JM's level of debt (84.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.2% vs 84.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 29.5x coverage).
X
Financial health checks
We assess JM'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. JM 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 JM'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
3.42%
Current annual income from JM dividends. Estimated to be 7.16% next year.
If you bought SEK2,000 of JM shares you are expected to receive SEK68 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?
  • JM's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • JM's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
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:JMS 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 7.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 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 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:JMS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 13.33 3.00
2021-12-31 13.17 3.00
2020-12-31 12.83 3.00
2020-04-08
BATS-CHIXE:JMS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-21 6.250 3.072
2019-03-28 12.000 5.128
2018-03-09 11.000 6.282
2017-04-27 9.500 4.051
2016-02-04 8.250 3.495
2015-04-21 8.000 3.414
2014-04-01 7.250 2.979
2014-02-12 7.250 3.524
2013-02-12 6.750 4.088
2012-02-22 6.500 5.368
2012-02-10 6.500 5.126
2011-04-29 4.500 3.889
2010-03-23 2.500 1.871
2010-02-11 2.500 2.113
2009-10-26 0.000 0.000
2009-08-24 0.000 0.000
2009-04-28 0.000 0.000

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 increased over the past 10 years.
Current Payout to shareholders
What portion of JM's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess JM'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 JM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JM has a total score of 4/6, 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 JM'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
Johan Skoglund
COMPENSATION SEK6,525,000
AGE 57
TENURE AS CEO 17.4 years
CEO Bio

Mr. Johan Skoglund has been the Chief Executive Officer and President of JM AB (publ) since November 1, 2002. Mr. Skoglund was Director of Castellum AB (publ) since March 25, 2010 until March 2020. He serves as Director of AB Bostadsgaranti, Försäkrings AB Bostadsgaranti, JM Suomi Oy and Mentor Sverige AB. He served as Director of JM AB (publ) from 2003 to April 21, 2016. He was Former positions in JM: Site Engineer, Director's Assistant, Project Manager, Regional Manager and Business Unit Manager. Mr. Skoglund holds an M.Sc. degree in Engineering from Royal Institute of Technology, Stockholm and a Master of Science Program at Stockholm School of Economics in 1998.

CEO Compensation
  • Insufficient data for Johan to compare compensation growth.
  • Insufficient data for Johan to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the JM management team in years:

9.3
Average Tenure
52
Average Age
  • The average tenure for the JM management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Johan Skoglund

TITLE
President & CEO
COMPENSATION
SEK7M
AGE
57
TENURE
17.4 yrs

Claes Åkesson

TITLE
CFO & Head of IR
AGE
60
TENURE
22.3 yrs

Per Lundquist

TITLE
Director of Operations Development
AGE
52
TENURE
3.7 yrs

Maria Bäckman

TITLE
Chief Legal Counsel of Legal Affairs & Development and Secretary of the Board
AGE
46
TENURE
7.5 yrs

Sepideh Imani

TITLE
Head of Communication & Analysis

Helena Söderberg

TITLE
Director of Human Resources
AGE
52
TENURE
9.3 yrs

Martin Asp

TITLE
President of JM Norge AS and Business Unit Manager of JM Norway & JM Finland
AGE
46

Christian Benfatto

TITLE
Senior Executive of Civil Engineering - JM Entreprenad AB
Board of Directors Tenure

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

3
Average Tenure
57.5
Average Age
  • The tenure for the JM board of directors is about average.
Board of Directors

Fredrik Persson

TITLE
Independent Chairman of the Board
COMPENSATION
SEK950K
AGE
51
TENURE
3 yrs

Thomas Thuresson

TITLE
Independent Director
COMPENSATION
SEK458K
AGE
62
TENURE
4 yrs

Olav Line

TITLE
Independent Director
COMPENSATION
SEK415K
AGE
61
TENURE
3 yrs

Eva Nygren

TITLE
Independent Director
COMPENSATION
SEK465K
AGE
64
TENURE
7 yrs

Kaj-Gustaf Bergh

TITLE
Independent Director
COMPENSATION
SEK398K
AGE
64
TENURE
7 yrs

Kerstin Gillsbro

TITLE
Independent Director
COMPENSATION
SEK205K
AGE
58
TENURE
1.1 yrs

Annie Ånäs

TITLE
Independent Director
COMPENSATION
SEK215K
AGE
48
TENURE
1.1 yrs

Camilla Krogh

TITLE
Independent Director
AGE
42
TENURE
0.1 yrs

Jonny Änges

TITLE
Employee Representative Deputy Director
AGE
57
TENURE
5.3 yrs

Per Petersén

TITLE
Deputy Employee Representative Director
AGE
49
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • JM individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
23. Mar 20 Buy Per Lundquist Individual 23. Mar 20 23. Mar 20 500 SEK158.95 SEK79,475
18. Mar 20 Buy Per Lundquist Individual 18. Mar 20 18. Mar 20 500 SEK162.55 SEK81,275
13. Mar 20 Buy Per Lundquist Individual 13. Mar 20 13. Mar 20 500 SEK203.30 SEK101,650
13. Mar 20 Buy Fredrik Persson Individual 13. Mar 20 13. Mar 20 2,000 SEK193.32 SEK386,640
04. Mar 20 Sell Per Lundquist Individual 04. Mar 20 04. Mar 20 -2,000 SEK266.80 SEK-533,600
11. Feb 20 Sell Jan Strömberg Individual 11. Feb 20 11. Feb 20 -1,000 SEK300.00 SEK-300,000
04. Feb 20 Sell Sören Bergström Individual 03. Feb 20 03. Feb 20 -5,000 SEK300.00 SEK-1,500,000
12. Nov 19 Sell Jan Strömberg Individual 11. Nov 19 11. Nov 19 -2,000 SEK251.42 SEK-502,840
23. Jul 19 Sell Per Lundquist Individual 22. Jul 19 22. Jul 19 -1,000 SEK258.00 SEK-258,000
30. Apr 19 Buy Per Lundquist Individual 30. Apr 19 30. Apr 19 1,000 SEK180.90 SEK180,900
X
Management checks
We assess JM'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. JM 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

JM AB (publ) develops and sells housing and residential areas in the Nordic region. The company operates in five segments: JM Residential Stockholm, JM Residential Sweden, JM International, JM Property Development, and JM Construction. It is involved in the planning, pre-construction, production, management, and sale of residential units; the development of rental housing, residential care facilities, and commercial properties; and contract work, primarily in the Greater Stockholm area. The company was founded in 1945 and is headquartered in Solna, Sweden.

Details
Name: JM AB (publ)
JMS
Exchange: BATS-CHIXE
Founded: 1945
SEK12,312,758,210
69,583,262
Website: http://www.jm.se
Address: JM AB (publ)
Gustav III:s Boulevard 64,
Solna,
Stockholm County, 169 82,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM JM Common Shares OMX Nordic Exchange Stockholm SE SEK 31. Aug 1992
DB JMM Common Shares Deutsche Boerse AG DE EUR 31. Aug 1992
LSE 0MI3 Common Shares London Stock Exchange GB SEK 31. Aug 1992
BATS-CHIXE JMS Common Shares BATS 'Chi-X Europe' GB SEK 31. Aug 1992
Number of employees
Current staff
Staff numbers
2,482
JM employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:46
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/11
Last earnings filing: 2020/03/04
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.