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Svenska Cellulosa Aktiebolaget

BATS-CHIXE:SCABS
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SCABS
BATS-CHIXE
SEK66B
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, produces, and sells forest, wood, pulp, and paper products worldwide. The last earnings update was 28 days ago. More info.


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SCABS Share Price and Events
7 Day Returns
-1.8%
BATS-CHIXE:SCABS
-2.2%
Europe Forestry
-5.4%
GB Market
1 Year Returns
10.6%
BATS-CHIXE:SCABS
-19.7%
Europe Forestry
-25.2%
GB Market
SCABS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Svenska Cellulosa Aktiebolaget (SCABS) -1.8% -2.9% -2.9% 10.6% -66.7% -55%
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
  • SCABS outperformed the Forestry industry which returned -19.7% over the past year.
  • SCABS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.2% over the past year.
Price Volatility
SCABS
Industry
5yr Volatility vs Market

Value

 Is Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget.

BATS-CHIXE:SCABS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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:SCABS
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%) (14.63%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.091 * 5.44%)
6.47%

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

The calculations below outline how an intrinsic value for Svenska Cellulosa Aktiebolaget 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:SCABS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.47%)
2020 1,776.25 Analyst x4 1,668.38
2021 1,821.67 Analyst x3 1,607.13
2022 1,832.00 Analyst x3 1,518.10
2023 1,841.59 Est @ 0.52% 1,433.37
2024 1,851.27 Est @ 0.53% 1,353.40
2025 1,861.02 Est @ 0.53% 1,277.91
2026 1,870.84 Est @ 0.53% 1,206.64
2027 1,880.73 Est @ 0.53% 1,139.36
2028 1,890.67 Est @ 0.53% 1,075.83
2029 1,900.68 Est @ 0.53% 1,015.84
Present value of next 10 years cash flows SEK13,295.00
BATS-CHIXE:SCABS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK1,900.68 × (1 + 0.53%) ÷ (6.47% – 0.53%)
SEK32,192.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK32,192.76 ÷ (1 + 6.47%)10
SEK17,205.81
BATS-CHIXE:SCABS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK13,295.00 + SEK17,205.81
SEK30,500.81
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK30,500.81 / 702.34
SEK43.43
BATS-CHIXE:SCABS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:SCABS represents 0.99529x of OM:SCA B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99529x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 43.43 x 0.99529
SEK43.22
Value per share (SEK) From above. SEK43.22
Current discount Discount to share price of SEK93.04
= -1 x (SEK93.04 - SEK43.22) / SEK43.22
-115.3%

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

  • The current share price of Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Svenska Cellulosa Aktiebolaget's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SCABS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK22.10
OM:SCA B Share Price ** OM (2020-04-02) in SEK SEK93.48
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 Svenska Cellulosa Aktiebolaget.

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

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

= 93.48 ÷ 22.10

4.23x

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

  • Svenska Cellulosa Aktiebolaget is good value based on earnings compared to the Europe Forestry industry average.
  • Svenska Cellulosa Aktiebolaget is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Svenska Cellulosa Aktiebolaget's expected growth come at a high price?
Raw Data
BATS-CHIXE:SCABS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-48.9%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:SCABS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.23x ÷ -48.9%

-0.09x

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

  • Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget's assets?
Raw Data
BATS-CHIXE:SCABS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK97.55
OM:SCA B Share Price * OM (2020-04-02) in SEK SEK93.48
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:SCABS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 93.48 ÷ 97.55

0.96x

* Primary Listing of Svenska Cellulosa Aktiebolaget.

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

  • Svenska Cellulosa Aktiebolaget is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Svenska Cellulosa Aktiebolaget'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. Svenska Cellulosa Aktiebolaget 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.

Future Performance

 How is Svenska Cellulosa Aktiebolaget expected to perform in the next 1 to 3 years based on estimates from 9 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
-48.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Svenska Cellulosa Aktiebolaget expected to grow at an attractive rate?
  • Svenska Cellulosa Aktiebolaget'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
  • Svenska Cellulosa Aktiebolaget'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.
  • Svenska Cellulosa Aktiebolaget'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:SCABS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SCABS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -48.9%
BATS-CHIXE:SCABS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -0%
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:SCABS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 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:SCABS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 21,716 4,470 3,397 1
2023-12-31 21,224 4,182 3,130 1
2022-12-31 20,312 4,691 3,475 6
2021-12-31 20,357 4,332 3,243 9
2020-12-31 19,006 3,893 2,626 8
2020-04-03
BATS-CHIXE:SCABS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 21,384 3,297 15,522
2019-09-30 22,152 3,529 3,229
2019-06-30 21,738 3,354 3,463
2019-03-31 21,146 3,612 3,868
2018-12-31 20,442 3,505 3,659
2018-09-30 19,688 8,093 3,394
2018-06-30 19,153 7,700 3,030
2018-03-31 18,623 7,750 2,209
2017-12-31 18,115 7,272 1,873
2017-09-30 17,662 6,590 1,690
2017-06-30 17,192 10,304 1,508
2017-03-31 16,923 13,182 1,723

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Svenska Cellulosa Aktiebolaget's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Svenska Cellulosa Aktiebolaget'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:SCABS 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 9 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:SCABS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 4.84 4.84 4.84 1.00
2023-12-31 4.46 4.46 4.46 1.00
2022-12-31 4.94 6.62 3.88 6.00
2021-12-31 4.86 5.75 3.84 7.00
2020-12-31 3.74 4.40 3.23 7.00
2020-04-03
BATS-CHIXE:SCABS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 22.10
2019-09-30 4.60
2019-06-30 4.93
2019-03-31 5.51
2018-12-31 5.21
2018-09-30 4.83
2018-06-30 4.31
2018-03-31 3.15
2017-12-31 2.67
2017-09-30 2.41
2017-06-30 2.15
2017-03-31 2.45

*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.
  • Svenska Cellulosa Aktiebolaget is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Svenska Cellulosa Aktiebolaget'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.
Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget'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.
  • Svenska Cellulosa Aktiebolaget's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Svenska Cellulosa Aktiebolaget's 1-year earnings growth exceeds its 5-year average (324.2% vs -3%)
  • Svenska Cellulosa Aktiebolaget's earnings growth has exceeded the Europe Forestry industry average in the past year (324.2% vs -10.7%).
Earnings and Revenue History
Svenska Cellulosa Aktiebolaget'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 Svenska Cellulosa Aktiebolaget Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SCABS 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 21,384.00 15,522.00 2,997.00
2019-09-30 22,152.00 3,229.00 3,342.00
2019-06-30 21,738.00 3,463.00 3,179.00
2019-03-31 21,146.00 3,868.00 3,139.00
2018-12-31 20,442.00 3,659.00 3,041.00
2018-09-30 19,688.00 3,394.00 3,104.00
2018-06-30 19,153.00 3,030.00 3,025.00
2018-03-31 18,623.00 2,209.00 2,827.00
2017-12-31 18,115.00 1,873.00 2,763.00
2017-09-30 17,662.00 1,690.00 2,656.00
2017-06-30 17,192.00 1,508.00 2,647.00
2017-03-31 16,923.00 1,723.00 2,662.00
2016-12-31 16,780.00 1,770.00 2,536.00
2016-09-30 41,747.00 4,185.00 11,004.00
2016-06-30 66,720.00 4,242.00 13,067.00
2016-03-31 91,649.00 5,707.00 15,029.00
2015-12-31 115,316.00 7,002.00 17,025.00
2015-09-30 113,673.00 5,615.00 16,675.00
2015-06-30 111,168.00 6,996.00 16,152.00
2015-03-31 107,778.00 6,812.00 15,509.00
2014-12-31 104,054.00 6,599.00 14,798.00
2014-09-30 100,077.00 6,995.00 13,709.00
2014-06-30 96,485.00 6,560.00 13,412.00
2014-03-31 93,775.00 5,920.00 13,282.00
2013-12-31 92,873.00 5,547.00 13,122.00
2013-09-30 92,898.00 5,797.00 13,797.00
2013-06-30 92,096.00 4,705.00 13,328.00

*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.
  • Svenska Cellulosa Aktiebolaget has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Svenska Cellulosa Aktiebolaget used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Svenska Cellulosa Aktiebolaget has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Svenska Cellulosa Aktiebolaget'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.
Svenska Cellulosa Aktiebolaget 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.

Health

 How is Svenska Cellulosa Aktiebolaget'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 Svenska Cellulosa Aktiebolaget's finances.

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

BATS-CHIXE:SCABS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 68,510.00 8,764.00 454.00
2019-09-30 40,087.00 8,029.00 507.00
2019-06-30 39,320.00 8,527.00 323.00
2019-03-31 38,624.00 8,624.00 488.00
2018-12-31 39,062.00 7,825.00 648.00
2018-09-30 38,391.00 7,967.00 542.00
2018-06-30 37,166.00 8,179.00 589.00
2018-03-31 36,244.00 8,268.00 506.00
2017-12-31 36,753.00 7,177.00 538.00
2017-09-30 36,142.00 7,592.00 936.00
2017-06-30 35,715.00 7,750.00 1,139.00
2017-03-31 83,357.00 61,740.00 31,687.00
2016-12-31 79,519.00 36,717.00 4,501.00
2016-09-30 74,319.00 38,330.00 5,286.00
2016-06-30 72,619.00 39,714.00 5,188.00
2016-03-31 76,063.00 38,092.00 5,443.00
2015-12-31 75,691.00 33,927.00 5,042.00
2015-09-30 74,715.00 37,302.00 5,451.00
2015-06-30 75,670.00 41,269.00 6,065.00
2015-03-31 76,777.00 42,378.00 8,339.00
2014-12-31 72,872.00 39,063.00 3,817.00
2014-09-30 70,267.00 40,485.00 5,396.00
2014-06-30 68,194.00 41,107.00 3,789.00
2014-03-31 68,471.00 38,125.00 4,029.00
2013-12-31 67,811.00 38,712.00 3,823.00
2013-09-30 60,040.00 33,539.00 2,662.00
2013-06-30 59,618.00 36,559.00 3,570.00
  • Svenska Cellulosa Aktiebolaget's level of debt (12.8%) 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 (53.6% vs 12.8% today).
  • Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.8x coverage).
X
Financial health checks
We assess Svenska Cellulosa Aktiebolaget'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. Svenska Cellulosa Aktiebolaget 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.

Dividends

 What is Svenska Cellulosa Aktiebolaget'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 Svenska Cellulosa Aktiebolaget dividends. Estimated to be 2.41% next year.
If you bought SEK2,000 of Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Svenska Cellulosa Aktiebolaget'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:SCABS 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 9 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:SCABS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.60 1.00
2023-12-31 2.50 1.00
2022-12-31 2.52 6.00
2021-12-31 2.25 9.00
2020-12-31 2.03 9.00
2020-04-03
BATS-CHIXE:SCABS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2019-02-12 1.750 2.030
2018-02-15 1.500 1.710
2017-03-02 6.000 6.528
2016-03-09 5.750 2.238
2015-03-10 5.250 2.276
2014-03-05 4.750 2.666
2013-01-24 4.500 2.609
2012-02-21 4.200 3.548
2012-01-26 4.200 3.678
2011-04-07 4.000 4.323
2010-04-26 3.700 3.647

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

  • Unable to perform a dividend volatility check as Svenska Cellulosa Aktiebolaget has not reported any payouts.
  • Unable to verify if Svenska Cellulosa Aktiebolaget's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Svenska Cellulosa Aktiebolaget's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Svenska Cellulosa Aktiebolaget has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Svenska Cellulosa Aktiebolaget'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 Svenska Cellulosa Aktiebolaget afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Svenska Cellulosa Aktiebolaget 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 Svenska Cellulosa Aktiebolaget'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
Ulf Larsson
COMPENSATION SEK13,105,625
AGE 57
TENURE AS CEO 2.8 years
CEO Bio

Mr. Ulf Larsson, BSc Forestry has been the Chief Executive Officer, President & Director of Svenska Cellulosa Aktiebolaget SCA (publ) since June 15, 2017. Mr. Larsson served as an Executive Vice President of Svenska Cellulosa Aktiebolaget SCA from August 2016 to May 17, 2017. He Joined Svenska Cellulosa Aktiebolaget SCA in 1992. Mr. Larsson served as the President of SCA Forest Products at Svenska Cellulosa Aktiebolaget SCA from 2008 to May 17, 2017. Mr. Larsson has been with SCA Forest Products since 1992. He holds a BSc in Forestry from Swedish University of Agricultural Sciences Umeåin 1987.

CEO Compensation
  • Ulf's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ulf'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 Svenska Cellulosa Aktiebolaget management team in years:

3
Average Tenure
52.5
Average Age
  • The tenure for the Svenska Cellulosa Aktiebolaget management team is about average.
Management Team

Ulf Larsson

TITLE
President
COMPENSATION
SEK13M
AGE
57
TENURE
2.8 yrs

Toby Lawton

TITLE
Chief Financial Officer
AGE
44
TENURE
3.1 yrs

Andreas Ewertz

TITLE
Investor Relations Director

Karin Henriksson

TITLE
Vice President of Compliance & Ethics

Katarina Nilsson

TITLE
Senior Vice President of Legal Affairs & General Counsel
AGE
48
TENURE
0.3 yrs

Björn Lyngfelt

TITLE
Senior Vice President of Communications

Stina Danielsson

TITLE
Senior Vice President of Human Resources

Ole Terland

TITLE
Senior Vice President of Strategic Development
AGE
61
TENURE
4.3 yrs

Jonas Mårtensson

TITLE
President of Forest

Jerry Larsson

TITLE
President of Wood
Board of Directors Tenure

Average tenure and age of the Svenska Cellulosa Aktiebolaget board of directors in years:

2.8
Average Tenure
57.5
Average Age
  • The average tenure for the Svenska Cellulosa Aktiebolaget board of directors is less than 3 years, this suggests a new board.
Board of Directors

Par Boman

TITLE
Chairman of the Board
COMPENSATION
SEK2M
AGE
58
TENURE
5.3 yrs

Ulf Larsson

TITLE
President
COMPENSATION
SEK13M
AGE
57
TENURE
2.8 yrs

Bo Rydin

TITLE
Honorary Chairman of the Board
AGE
87

Barbara Milian Thoralfsson

TITLE
Independent Director
COMPENSATION
SEK985K
AGE
60
TENURE
14 yrs

Bert Ake Nordberg

TITLE
Independent Director
COMPENSATION
SEK735K
AGE
63
TENURE
8.1 yrs

Annemarie Gardshol

TITLE
Independent Director
COMPENSATION
SEK625K
AGE
52
TENURE
5.3 yrs

Martin Lindqvist

TITLE
Independent Director
COMPENSATION
SEK885K
AGE
49
TENURE
2.8 yrs

Charlotte Bengtsson

TITLE
Independent Director
COMPENSATION
SEK625K
AGE
48
TENURE
2.8 yrs

Le Evrell

TITLE
Independent Director
COMPENSATION
SEK735K
AGE
65
TENURE
2.8 yrs

Lotta Lyrå

TITLE
Independent Director
COMPENSATION
SEK625K
AGE
44
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • Svenska Cellulosa Aktiebolaget 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 Björn Lyngfelt Individual 23. Mar 20 23. Mar 20 1,500 SEK84.00 SEK126,000
18. Mar 20 Sell Magnus Svensson Individual 17. Mar 20 17. Mar 20 -24,000 SEK81.51 SEK-1,956,240
18. Mar 20 Buy Toby Lawton Individual 18. Mar 20 18. Mar 20 4,000 SEK79.91 SEK319,630
16. Mar 20 Buy Kristina Enander Individual 13. Mar 20 13. Mar 20 367 SEK81.34 SEK29,852
16. Mar 20 Buy Kristina Enander Individual 12. Mar 20 12. Mar 20 2,030 SEK79.55 SEK161,486
28. Feb 20 Buy Magnus Svensson Individual 28. Feb 20 28. Feb 20 2,200 SEK91.65 SEK201,630
02. Oct 19 Buy Charlotte Bengtsson Individual 02. Oct 19 02. Oct 19 1,160 SEK86.32 SEK100,131
10. Sep 19 Buy Annemarie Gardshol Individual 10. Sep 19 10. Sep 19 1,000 SEK87.54 SEK87,540
31. Jul 19 Buy Annemarie Gardshol Individual 31. Jul 19 31. Jul 19 1,900 SEK80.88 SEK153,672
01. Jul 19 Buy Jerry Larsson Individual 27. Jun 19 27. Jun 19 2,000 SEK79.58 SEK159,160
27. Jun 19 Buy Ulf Larsson Individual 26. Jun 19 26. Jun 19 15,000 SEK80.70 SEK1,210,500
25. Jun 19 Buy Toby Lawton Individual 25. Jun 19 25. Jun 19 4,000 SEK79.59 SEK318,360
08. May 19 Buy Mikael Källgren Individual 07. May 19 07. May 19 1,350 SEK82.92 SEK111,942
07. May 19 Buy Mats Nordlander Individual 06. May 19 06. May 19 350 SEK81.86 SEK28,651
05. May 19 Buy Mats Nordlander Individual 02. May 19 02. May 19 3,100 SEK82.70 SEK256,370
29. Apr 19 Buy Jan Svedjebrant Individual 29. Apr 19 29. Apr 19 1,900 SEK83.88 SEK159,372
26. Apr 19 Buy Magnus Svensson Individual 26. Apr 19 26. Apr 19 2,300 SEK82.76 SEK190,343
X
Management checks
We assess Svenska Cellulosa Aktiebolaget'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. Svenska Cellulosa Aktiebolaget 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

Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, produces, and sells forest, wood, pulp, and paper products worldwide. The company offers wood products to the home improvement and building materials sectors, including machined softwood, carcassing, MDF, decking, and sheet materials for builders' merchants and DIY retailers; and various wood products, industrial components, standard wood products, and raw materials, as well as logistic, warehouse, and IT solutions for the wood industry. It also provides decking, carcassing, softwood PSE, door lining and casing, softwood molding, composite decking, sheet material, and MDF molding wood products for use in homes; and softwood shavings for horses. In addition, the company offers pulp products under the Celeste, Star, and Cirrus names; coated papers, including glossy and matt surfaces; uncoated printing paper; and Kraftliner products for consumer durables, electronics, hazardous goods, industrial products, fruit and vegetables, frozen foods, etc. Further, it provides forwarding services for various transport modes, such as truck, rail, and barge, as well as marine and road transport; and liquid biofuels, solid biofuels, pellets, stall pellets, and wind energy. Additionally, the company engages in the distribution and wholesale of wood products; production of Kraft and chemical thermomechanical pulps, and containerboards; and publication of paper for magazines, catalogues, and commercial print. Svenska Cellulosa Aktiebolaget SCA (publ) was founded in 1929 and is headquartered in Sundsvall, Sweden.

Details
Name: Svenska Cellulosa Aktiebolaget SCA (publ)
SCABS
Exchange: BATS-CHIXE
Founded: 1929
SEK65,733,772,831
702,342,489
Website: http://www.sca.com/en/
Address: Svenska Cellulosa Aktiebolaget SCA (publ)
Skepparplatsen 1,
Sundsvall,
Västernorrland County, 851 88,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SCA B Class B Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
OTCPK SVCB.F Class B Shares Pink Sheets LLC US USD 02. Jan 1992
DB SCA Class B Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MCK Class B Shares London Stock Exchange GB SEK 02. Jan 1992
SWX SCAB Class B Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE SCABS Class B Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
OTCPK SVCB.Y SPONSORED ADR Pink Sheets LLC US USD 04. Jan 1984
OM SCA A Class A Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
DB SCA1 Class A Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MCJ Class A Shares London Stock Exchange GB SEK 02. Jan 1992
BATS-CHIXE SCAAS Class A Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,641
Svenska Cellulosa Aktiebolaget employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 20:16
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/06
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.