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Holmen

BATS-CHIXE:HOLMBS
Snowflake Description

Excellent balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOLMBS
BATS-CHIXE
SEK49B
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Holmen AB (publ) produces and sells paperboards, papers, wood products, and renewable energy in Sweden, Germany, the United Kingdom, Italy, France, Poland, rest of Europe, Asia, and internationally. The last earnings update was 25 days ago. More info.


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HOLMBS Share Price and Events
7 Day Returns
1.5%
BATS-CHIXE:HOLMBS
-2.2%
Europe Forestry
-5.4%
GB Market
1 Year Returns
24.7%
BATS-CHIXE:HOLMBS
-19.7%
Europe Forestry
-25.2%
GB Market
HOLMBS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Holmen (HOLMBS) 1.5% -4.3% -6.1% 24.7% 50.7% 78.7%
Europe Forestry -2.2% -15.4% -23.1% -19.7% -29% -14.1%
GB Market -5.4% -20.6% -29.1% -25.2% -25.9% -25.1%
1 Year Return vs Industry and Market
  • HOLMBS outperformed the Forestry industry which returned -19.7% over the past year.
  • HOLMBS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.2% over the past year.
Price Volatility
HOLMBS
Industry
5yr Volatility vs Market

HOLMBS Value

 Is Holmen 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 Holmen 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 Holmen.

BATS-CHIXE:HOLMBS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:HOLMBS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.02 (1 + (1- 22%) (9.58%))
1.064
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.064 * 5.44%)
6.32%

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

The calculations below outline how an intrinsic value for Holmen 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:HOLMBS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.32%)
2020 968.75 Analyst x4 911.17
2021 1,060.75 Analyst x4 938.41
2022 1,877.33 Analyst x3 1,562.10
2023 1,885.62 Est @ 0.44% 1,475.74
2024 1,894.44 Est @ 0.47% 1,394.53
2025 1,903.66 Est @ 0.49% 1,318.03
2026 1,913.17 Est @ 0.5% 1,245.88
2027 1,922.91 Est @ 0.51% 1,177.80
2028 1,932.81 Est @ 0.52% 1,113.50
2029 1,942.85 Est @ 0.52% 1,052.76
Present value of next 10 years cash flows SEK12,189.00
BATS-CHIXE:HOLMBS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK1,942.85 × (1 + 0.53%) ÷ (6.32% – 0.53%)
SEK33,738.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK33,738.78 ÷ (1 + 6.32%)10
SEK18,281.80
BATS-CHIXE:HOLMBS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK12,189.00 + SEK18,281.80
SEK30,470.80
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK30,470.80 / 161.93
SEK188.18
BATS-CHIXE:HOLMBS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:HOLMBS represents 1.01095x of OM:HOLM B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01095x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 188.18 x 1.01095
SEK190.24
Value per share (SEK) From above. SEK190.24
Current discount Discount to share price of SEK267.70
= -1 x (SEK267.70 - SEK190.24) / SEK190.24
-40.7%

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

  • The current share price of Holmen 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 Holmen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Holmen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:HOLMBS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK52.57
OM:HOLM B Share Price ** OM (2020-04-02) in SEK SEK264.8
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 9.17x
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 Holmen.

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

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

= 264.8 ÷ 52.57

5.04x

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

  • Holmen is good value based on earnings compared to the Europe Forestry industry average.
  • Holmen is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Holmen's expected growth come at a high price?
Raw Data
BATS-CHIXE:HOLMBS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-37.2%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 0.43x
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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.04x ÷ -37.2%

-0.14x

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

  • Holmen earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Holmen's assets?
Raw Data
BATS-CHIXE:HOLMBS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK247.71
OM:HOLM B Share Price * OM (2020-04-02) in SEK SEK264.8
Europe Forestry Industry PB Ratio Median Figure of 38 Publicly-Listed Forestry Companies 0.96x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.07x
BATS-CHIXE:HOLMBS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 264.8 ÷ 247.71

1.07x

* Primary Listing of Holmen.

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

  • Holmen is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Holmen'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Holmen has a total score of 2/6, 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.

HOLMBS Future Performance

 How is Holmen expected to perform in the next 1 to 3 years based on estimates from 5 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
-37.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Holmen expected to grow at an attractive rate?
  • Holmen's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Holmen's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Holmen's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:HOLMBS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:HOLMBS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -37.2%
BATS-CHIXE:HOLMBS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.1%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average -8%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 0.4%
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:HOLMBS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 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:HOLMBS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 17,232 2,872 2,193 4
2021-12-31 16,771 2,550 1,891 5
2020-12-31 15,871 2,413 1,686 4
2020-04-03
BATS-CHIXE:HOLMBS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 17,330 2,884 8,731
2019-09-30 17,047 2,883 1,907
2019-06-30 16,747 2,646 1,956
2019-03-31 16,551 2,027 2,264
2018-12-31 16,390 2,286 2,268
2018-09-30 16,376 2,447 2,056
2018-06-30 16,479 2,388 2,054
2018-03-31 16,461 2,339 1,690
2017-12-31 16,493 2,509 1,668
2017-09-30 16,527 1,914 1,778
2017-06-30 16,390 1,989 1,717
2017-03-31 16,180 2,112 1,687

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Holmen's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Holmen's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:HOLMBS 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 5 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:HOLMBS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 13.79 15.80 11.90 3.00
2021-12-31 11.63 13.90 8.82 5.00
2020-12-31 10.57 11.40 9.91 4.00
2020-04-03
BATS-CHIXE:HOLMBS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 52.57
2019-09-30 11.31
2019-06-30 11.69
2019-03-31 13.50
2018-12-31 13.50
2018-09-30 12.22
2018-06-30 12.24
2018-03-31 10.03
2017-12-31 9.93
2017-09-30 10.62
2017-06-30 10.17
2017-03-31 10.10

*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.
  • Holmen is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Holmen'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Holmen 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.

HOLMBS Past Performance

  How has Holmen 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 Holmen's growth in the last year to its industry (Forestry).
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.
  • Holmen has delivered over 20% year on year earnings growth in the past 5 years.
  • Holmen's 1-year earnings growth exceeds its 5-year average (285% vs 38.7%)
  • Holmen's earnings growth has exceeded the Europe Forestry industry average in the past year (285% vs -10.7%).
Earnings and Revenue History
Holmen'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 Holmen Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:HOLMBS 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 17,330.00 8,731.00 2,318.00
2019-09-30 17,047.00 1,907.00 2,386.00
2019-06-30 16,747.00 1,956.00 2,385.00
2019-03-31 16,551.00 2,264.00 2,385.00
2018-12-31 16,390.00 2,268.00 2,306.00
2018-09-30 16,376.00 2,056.00 2,361.00
2018-06-30 16,479.00 2,054.00 2,351.00
2018-03-31 16,461.00 1,690.00 2,330.00
2017-12-31 16,493.00 1,668.00 2,304.00
2017-09-30 16,527.00 1,778.00 2,281.00
2017-06-30 16,390.00 1,717.00 2,269.00
2017-03-31 16,180.00 1,687.00 2,287.00
2016-12-31 15,877.00 1,424.00 2,322.00
2016-09-30 15,622.00 544.00 2,350.00
2016-06-30 15,844.00 526.00 2,390.00
2016-03-31 16,046.00 483.00 2,397.00
2015-12-31 16,372.00 559.00 2,405.00
2015-09-30 16,730.00 992.00 2,404.00
2015-06-30 16,654.00 1,001.00 2,380.00
2015-03-31 16,461.00 929.00 2,344.00
2014-12-31 16,388.00 907.00 2,335.00
2014-09-30 16,245.00 1,142.00 2,342.00
2014-06-30 16,228.00 963.00 2,356.00
2014-03-31 16,478.00 945.00 2,403.00
2013-12-31 16,555.00 711.00 2,420.00
2013-09-30 16,868.00 1,384.00 2,456.00
2013-06-30 17,159.00 1,426.00 2,481.00

*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.
  • Holmen has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Holmen used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Holmen's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Holmen'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 Forestry 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.
Holmen has a total score of 5/6, see the detailed checks below.

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

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

HOLMBS Health

 How is Holmen'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 Holmen's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Holmen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Holmen's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Holmen'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 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

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

BATS-CHIXE:HOLMBS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 40,111.00 4,503.00 483.00
2019-09-30 22,067.00 4,530.00 261.00
2019-06-30 23,156.00 3,620.00 220.00
2019-03-31 23,922.00 3,828.00 659.00
2018-12-31 23,453.00 3,527.00 278.00
2018-09-30 22,814.00 3,579.00 126.00
2018-06-30 22,237.00 4,084.00 289.00
2018-03-31 22,387.00 3,286.00 252.00
2017-12-31 22,035.00 3,327.00 356.00
2017-09-30 21,669.00 3,931.00 376.00
2017-06-30 21,134.00 4,061.00 91.00
2017-03-31 20,745.00 4,529.00 1,292.00
2016-12-31 21,243.00 4,082.00 210.00
2016-09-30 20,537.00 4,328.00 193.00
2016-06-30 20,328.00 5,136.00 613.00
2016-03-31 20,933.00 4,663.00 169.00
2015-12-31 20,853.00 4,993.00 221.00
2015-09-30 21,093.00 5,531.00 245.00
2015-06-30 20,982.00 5,954.00 159.00
2015-03-31 21,449.00 5,522.00 182.00
2014-12-31 20,969.00 5,757.00 187.00
2014-09-30 21,036.00 5,858.00 120.00
2014-06-30 20,711.00 6,414.00 120.00
2014-03-31 21,101.00 6,005.00 290.00
2013-12-31 20,854.00 6,204.00 275.00
2013-09-30 20,555.00 6,461.00 264.00
2013-06-30 20,339.00 6,697.00 159.00
  • Holmen's level of debt (11.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (27.4% vs 11.2% today).
  • Debt is well covered by operating cash flow (64%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 51.3x coverage).
X
Financial health checks
We assess Holmen'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. Holmen has a total score of 5/6, 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.

HOLMBS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.64%
Current annual income from Holmen dividends. Estimated to be 2.84% next year.
If you bought SEK2,000 of Holmen shares you are expected to receive SEK53 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?
  • Holmen's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.68%).
  • Holmen's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.57%).
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:HOLMBS 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 5 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 5.9%
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:HOLMBS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 7.85 4.00
2021-12-31 7.42 5.00
2020-12-31 7.33 4.00
2020-04-03
BATS-CHIXE:HOLMBS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-18 7.000 2.612
2019-04-11 6.750 2.913
2018-04-10 6.500 3.172
2017-03-06 6.000 3.062
2017-02-08 6.000 3.456
2016-03-22 5.250 3.583
2015-04-16 5.000 3.975
2014-04-08 4.500 3.625
2013-04-11 4.500 4.360
2012-03-01 4.000 4.290
2012-02-02 4.000 4.176
2011-03-30 3.500 3.675
2010-03-01 3.500 3.439
2010-01-15 3.500 3.934

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Holmen's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x 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 Holmen'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 Holmen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Holmen 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.

HOLMBS Management

 What is the CEO of Holmen'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
Henrik Sjölund
COMPENSATION SEK0
AGE 53
TENURE AS CEO 6 years
CEO Bio

Mr. Henrik Sjölund has been the Chief Executive Officer and President of Holmen Aktiebolag (publ) (also known as Holmen AB) since April 9, 2014 and served as its Head of Paper Board Business Area since October 31, 2016. Mr. Sjölund served as the Chief Executive Officer Holmen Paper Ltd. at Holmen AB from September 15, 2011 to April 9, 2014 and served as its President April 9, 2014. Mr. Sjölund served as Marketing Director of Holmen Paper until September 15, 2011. He has been a Director of Holmen Aktiebolag (publ) since April 9, 2014.

CEO Compensation
  • Insufficient data for Henrik to compare compensation growth.
  • Insufficient data for Henrik 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 Holmen management team in years:

5.3
Average Tenure
53
Average Age
  • The average tenure for the Holmen management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Henrik Sjölund

TITLE
President
AGE
53
TENURE
6 yrs

Anders Jernhall

TITLE
Executive VP & CFO
AGE
49

Ola Schultz-Eklund

TITLE
Senior Vice President of Technology
AGE
58
TENURE
4.6 yrs

Henrik Andersson

TITLE
Senior Vice President of Legal Affairs & Company Secretary
AGE
48

Stina Sandell

TITLE
Senior Vice President of Sustainability & Communications
AGE
53
TENURE
2.9 yrs

Gunilla Rolander

TITLE
Senior Vice President of Human Resources
AGE
53

Sören Petersson

TITLE
Senior Vice President of Forest
AGE
50

Nils Ringborg

TITLE
Senior Vice President of International Affairs
AGE
61

Johan Padel

TITLE
Senior Vice President of Wood Products
AGE
53
TENURE
6.2 yrs

Fredrik Nordqvist

TITLE
Senior Vice President of Renewable Energy
AGE
48
Board of Directors Tenure

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

10.1
Average Tenure
61
Average Age
  • The average tenure for the Holmen board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Fredrik Lundberg

TITLE
Independent Chairman
COMPENSATION
SEK710K
AGE
68

Henrik Sjölund

TITLE
President
AGE
53
TENURE
6 yrs

Ulf Lundahl

TITLE
Independent Director
COMPENSATION
SEK355K
AGE
67
TENURE
16.1 yrs

Steewe Björklundh

TITLE
Director
AGE
61
TENURE
22 yrs

Kenneth Johansson

TITLE
Director
AGE
61
TENURE
16.1 yrs

Alice Kempe

TITLE
Independent Director
COMPENSATION
SEK355K
AGE
52
TENURE
1 yrs

Carl Bennet

TITLE
Independent Director
COMPENSATION
SEK355K
AGE
68
TENURE
11.1 yrs

Tommy Åsenbrygg

TITLE
Director
AGE
51
TENURE
5.3 yrs

Louise Lindh

TITLE
Independent Director
COMPENSATION
SEK355K
AGE
40
TENURE
10.1 yrs

Lars Josefsson

TITLE
Independent Director
COMPENSATION
SEK355K
AGE
69
TENURE
9.1 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)
19. Nov 19 Sell Johan Padel Individual 19. Nov 19 19. Nov 19 -1,000 SEK299.00 SEK-299,000
22. Oct 19 Buy Lars Lundin Individual 22. Oct 19 22. Oct 19 500 SEK280.00 SEK140,000
30. Aug 19 Sell Sören Petersson Individual 30. Aug 19 30. Aug 19 -1,000 SEK230.00 SEK-230,000
21. Aug 19 Sell Sören Petersson Individual 21. Aug 19 21. Aug 19 -1,000 SEK222.56 SEK-222,560
21. Aug 19 Sell Johan Padel Individual 19. Aug 19 19. Aug 19 -1,094 SEK215.00 SEK-235,210
16. May 19 Sell Ola Schultz-Eklund Individual 13. May 19 13. May 19 -5,600 SEK192.16 SEK-1,076,096
16. May 19 Buy Ola Schultz-Eklund Individual 07. May 19 13. May 19 6,740 SEK194.38 SEK1,309,219
16. May 19 Buy Henrik Sjölund Individual 09. May 19 09. May 19 4,400 SEK191.00 SEK840,400
16. May 19 Sell Daniel Peltonen Individual 14. May 19 14. May 19 -2,000 SEK192.50 SEK-385,000
16. May 19 Buy Daniel Peltonen Individual 14. May 19 14. May 19 1,347 SEK191.10 SEK257,412
14. May 19 Buy Gunilla Rolander Individual 10. May 19 13. May 19 3,330 SEK193.96 SEK645,680
14. May 19 Sell Nils Ringborg Individual 14. May 19 14. May 19 -4,154 SEK191.33 SEK-794,785
14. May 19 Buy Nils Ringborg Individual 14. May 19 14. May 19 1,200 SEK192.20 SEK230,640
13. May 19 Buy Lars Lundin Individual 13. May 19 13. May 19 1,450 SEK193.70 SEK280,865
13. May 19 Buy Henrik Sjölund Individual 10. May 19 10. May 19 37,921 SEK193.60 SEK7,341,506
13. May 19 Buy Johan Padel Individual 13. May 19 13. May 19 1,200 SEK193.00 SEK231,600
12. May 19 Buy Daniel Peltonen Individual 09. May 19 09. May 19 4,046 SEK193.60 SEK783,306
12. May 19 Buy Johan Padel Individual 09. May 19 09. May 19 7,434 SEK193.60 SEK1,439,222
10. May 19 Buy Nils Ringborg Individual 09. May 19 09. May 19 9,126 SEK193.60 SEK1,766,794
10. May 19 Buy Anders Jernhall Individual 09. May 19 09. May 19 17,727 SEK193.60 SEK3,427,061
09. May 19 Buy Lars Ericson Individual 09. May 19 09. May 19 4,550 SEK192.90 SEK877,695
X
Management checks
We assess Holmen'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. Holmen 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.

HOLMBS News

Simply Wall St News

HOLMBS Company Info

Description

Holmen AB (publ) produces and sells paperboards, papers, wood products, and renewable energy in Sweden, Germany, the United Kingdom, Italy, France, Poland, rest of Europe, Asia, and internationally. The company’s Forest segment offers logs, pulpwood, and biofuel to sawmills, pulp mills, and paperboard and paper mills; and manages forests, which cover approximately one million hectares. Its Paperboard segment provides paperboards for consumer packaging to brand owners, converters, and wholesalers. The company’s Paper segment offers papers for books, magazines, printed advertising, and newsprints to publishers, printing firms, and retailers. Its Wood Products segment provides construction and joinery timber, spruce and pine products, and wood for pallets and packaging to construction, joinery, and packaging industries, as well as builders’ merchants; and operates sawmills. The company’s Renewable Energy segment operates 21 hydro power stations; and wind farms with a capacity of approximately 1.1 TWh of electricity. Holmen AB (publ) was founded in 1609 and is headquartered in Stockholm, Sweden.

Details
Name: Holmen AB (publ)
HOLMBS
Exchange: BATS-CHIXE
Founded: 1609
SEK48,904,750,925
161,925,685
Website: http://www.holmen.com
Address: Holmen AB (publ)
PO Box 5407,
Stockholm,
Stockholm County, 114 84,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM HOLM B Class B Common Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
DB HL9C Class B Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0XS9 Class B Common Shares London Stock Exchange GB SEK 02. Jan 1992
BATS-CHIXE HOLMBS Class B Common Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
OTCPK HLMN.Y UNSPONSORD ADR Pink Sheets LLC US USD 08. Dec 2008
OM HOLM A Class A Common Shares OMX Nordic Exchange Stockholm SE SEK 31. May 1996
OTCPK HLHL.Y UNSPONSORED ADR Pink Sheets LLC US USD 15. Sep 2015
LSE 0NBN Class A Common Shares London Stock Exchange GB SEK 31. May 1996
BATS-CHIXE HOLMAS Class A Common Shares BATS 'Chi-X Europe' GB SEK 31. May 1996
BATS-CHIXE HOLMAS SER'A'NPV (POST SPLIT) BATS 'Chi-X Europe' GB SEK 03. Apr 2020
Number of employees
Current staff
Staff numbers
3,000
Holmen employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 19:46
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/09
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.