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Clas Ohlson

BATS-CHIXE:CLASBs
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLASBs
BATS-CHIXE
SEK5B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Clas Ohlson AB (publ) operates as a retailing company in Sweden and internationally. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Clas Ohlson has significant price volatility in the past 3 months.
CLASBs Share Price and Events
7 Day Returns
10.7%
BATS-CHIXE:CLASBs
5.9%
GB Specialty Retail
1.7%
GB Market
1 Year Returns
4.6%
BATS-CHIXE:CLASBs
-28.1%
GB Specialty Retail
-21.8%
GB Market
CLASBs Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clas Ohlson (CLASBs) 10.7% -14% -31.3% 4.6% -46.5% -46.6%
GB Specialty Retail 5.9% -24.4% -39.5% -28.1% -38.7% -44.3%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • CLASBs outperformed the Specialty Retail industry which returned -28.1% over the past year.
  • CLASBs outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
CLASBs
Industry
5yr Volatility vs Market

Value

 Is Clas Ohlson 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 Clas Ohlson 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 Clas Ohlson.

BATS-CHIXE:CLASBs Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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:CLASBs
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 22%) (45.93%))
1.115
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.115 * 5.44%)
6.59%

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

The calculations below outline how an intrinsic value for Clas Ohlson 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:CLASBs DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.59%)
2020 775.00 Analyst x2 727.06
2021 750.50 Analyst x2 660.52
2022 731.50 Analyst x2 603.98
2023 727.41 Est @ -0.56% 563.45
2024 725.72 Est @ -0.23% 527.37
2025 725.70 Est @ -0% 494.73
2026 726.83 Est @ 0.16% 464.85
2027 728.79 Est @ 0.27% 437.27
2028 731.32 Est @ 0.35% 411.64
2029 734.25 Est @ 0.4% 387.73
Present value of next 10 years cash flows SEK5,278.00
BATS-CHIXE:CLASBs DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK734.25 × (1 + 0.53%) ÷ (6.59% – 0.53%)
SEK12,173.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK12,173.17 ÷ (1 + 6.59%)10
SEK6,428.18
BATS-CHIXE:CLASBs Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK5,278.00 + SEK6,428.18
SEK11,706.18
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK11,706.18 / 63.34
SEK184.82
BATS-CHIXE:CLASBs Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CLASBs represents 0.99809x of OM:CLAS B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99809x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 184.82 x 0.99809
SEK184.47
Value per share (SEK) From above. SEK184.47
Current discount Discount to share price of SEK78.35
= -1 x (SEK78.35 - SEK184.47) / SEK184.47
57.5%

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

Current Discount
Amount off the current price Clas Ohlson is available for.
Intrinsic value
>50%
Share price is SEK78.35 vs Future cash flow value of SEK184.47
Current Discount Checks
For Clas Ohlson to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Clas Ohlson's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Clas Ohlson'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 Clas Ohlson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clas Ohlson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CLASBs PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in SEK SEK5.72
OM:CLAS B Share Price ** OM (2020-04-08) in SEK SEK78.5
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 8.1x
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 Clas Ohlson.

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

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

= 78.5 ÷ 5.72

13.72x

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

  • Clas Ohlson is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Clas Ohlson is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Clas Ohlson's expected growth come at a high price?
Raw Data
BATS-CHIXE:CLASBs PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.1%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 15 Publicly-Listed Specialty Retail Companies 0.8x
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:CLASBs PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.72x ÷ 14.1%

0.98x

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

  • Clas Ohlson is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Clas Ohlson's assets?
Raw Data
BATS-CHIXE:CLASBs PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in SEK SEK28.48
OM:CLAS B Share Price * OM (2020-04-08) in SEK SEK78.5
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 36 Publicly-Listed Specialty Retail Companies 0.63x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:CLASBs PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 78.5 ÷ 28.48

2.76x

* Primary Listing of Clas Ohlson.

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

  • Clas Ohlson is overvalued based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Clas Ohlson'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Clas Ohlson 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 Clas Ohlson expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clas Ohlson expected to grow at an attractive rate?
  • Clas Ohlson's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Clas Ohlson's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Clas Ohlson'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:CLASBs Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CLASBs Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.1%
BATS-CHIXE:CLASBs Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 0.2%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
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:CLASBs Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:CLASBs Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-04-30 8,904 1,205 492 2
2021-04-30 8,871 1,228 488 2
2020-04-30 8,878 1,260 379 2
2020-04-08
BATS-CHIXE:CLASBs Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2020-01-31 8,857 991 362
2019-10-31 8,866 856 157
2019-07-31 8,858 650 92
2019-04-30 8,772 312 73
2019-01-31 8,713 240 48
2018-10-31 8,544 97 240
2018-07-31 8,386 251 310
2018-04-30 8,211 373 358
2018-01-31 8,103 708 463
2017-10-31 8,052 842 498
2017-07-31 8,009 777 498
2017-04-30 7,990 699 479

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clas Ohlson's earnings are expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
  • Clas Ohlson's revenue is expected to grow by 0.2% 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:CLASBs Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Clas Ohlson Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CLASBs Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-04-30 7.78 8.49 7.07 2.00
2021-04-30 7.71 8.30 7.13 2.00
2020-04-30 6.00 6.04 5.96 2.00
2020-04-08
BATS-CHIXE:CLASBs Past Financials Data
Date (Data in SEK Millions) EPS *
2020-01-31 5.72
2019-10-31 2.49
2019-07-31 1.45
2019-04-30 1.15
2019-01-31 0.75
2018-10-31 3.79
2018-07-31 4.91
2018-04-30 5.66
2018-01-31 7.33
2017-10-31 7.89
2017-07-31 7.90
2017-04-30 7.59

*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.
  • Clas Ohlson is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Clas Ohlson'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.
Clas Ohlson has a total score of 2/6, 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 Clas Ohlson 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 Clas Ohlson's growth in the last year to its industry (Specialty Retail).
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.
  • Clas Ohlson's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Clas Ohlson's 1-year earnings growth exceeds its 5-year average (660.3% vs -18.6%)
  • Clas Ohlson's earnings growth has exceeded the GB Specialty Retail industry average in the past year (660.3% vs 1.5%).
Earnings and Revenue History
Clas Ohlson'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 Clas Ohlson Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CLASBs Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 8,857.00 361.90 2,991.20
2019-10-31 8,866.40 157.20 3,067.60
2019-07-31 8,858.20 91.80 3,173.90
2019-04-30 8,772.30 72.70 3,195.90
2019-01-31 8,713.20 47.60 3,165.50
2018-10-31 8,544.40 239.70 3,074.90
2018-07-31 8,386.20 310.10 2,909.10
2018-04-30 8,210.70 357.80 2,809.30
2018-01-31 8,102.50 463.00 2,760.90
2017-10-31 8,051.70 497.60 2,725.30
2017-07-31 8,009.20 498.20 2,710.80
2017-04-30 7,990.10 478.70 2,700.80
2017-01-31 7,919.00 351.90 2,689.00
2016-10-31 7,705.30 341.30 2,653.80
2016-07-31 7,595.30 356.10 2,636.70
2016-04-30 7,601.60 378.80 2,622.50
2016-01-31 7,596.10 481.40 2,619.30
2015-10-31 7,489.50 456.70 2,615.40
2015-07-31 7,457.40 461.40 2,609.50
2015-04-30 7,329.80 458.90 2,573.60
2015-01-31 7,217.40 451.40 2,529.40
2014-10-31 7,080.10 435.80 2,479.10
2014-07-31 6,943.40 414.30 2,417.50
2014-04-30 6,807.70 405.40 2,390.60
2014-01-31 6,695.30 400.20 2,339.20
2013-10-31 6,626.80 350.10 2,339.30
2013-07-31 6,563.30 328.20 2,315.60
2013-04-30 6,518.90 331.50 2,301.20

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clas Ohlson's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Clas Ohlson's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Clas Ohlson'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.
  • Clas Ohlson has no debt, it does not need to be covered by short term assets.
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 Clas Ohlson Company Filings, last reported 2 months ago.

BATS-CHIXE:CLASBs Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 1,810.50 0.00 230.40
2019-10-31 1,534.20 357.30 106.70
2019-07-31 1,828.20 118.50 104.60
2019-04-30 1,947.30 283.10 105.00
2019-01-31 1,992.00 0.00 184.70
2018-10-31 1,932.50 596.00 109.90
2018-07-31 2,293.20 60.10 97.30
2018-04-30 2,263.90 0.00 115.80
2018-01-31 2,285.30 0.00 584.00
2017-10-31 2,026.30 0.00 295.80
2017-07-31 2,297.70 0.00 668.40
2017-04-30 2,250.70 0.00 625.10
2017-01-31 2,218.90 0.00 753.30
2016-10-31 1,921.00 120.30 220.20
2016-07-31 2,166.80 0.00 494.70
2016-04-30 2,138.80 0.00 604.30
2016-01-31 2,252.50 0.00 861.40
2015-10-31 1,989.10 0.00 353.60
2015-07-31 2,217.10 0.00 600.80
2015-04-30 2,144.50 0.00 517.40
2015-01-31 2,140.30 0.00 674.30
2014-10-31 1,874.40 0.00 212.90
2014-07-31 2,047.80 0.00 462.40
2014-04-30 1,964.90 0.00 358.30
2014-01-31 1,944.70 0.00 367.10
2013-10-31 1,693.80 200.00 136.90
2013-07-31 1,871.80 0.00 194.20
2013-04-30 1,836.50 0.00 124.60
  • Clas Ohlson has no debt.
  • Clas Ohlson currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Clas Ohlson has no debt, it does not need to be covered by operating cash flow.
  • Clas Ohlson has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Clas Ohlson'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. Clas Ohlson 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 Clas Ohlson'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
7.96%
Current annual income from Clas Ohlson dividends. Estimated to be 7.96% next year.
If you bought SEK2,000 of Clas Ohlson shares you are expected to receive SEK159 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?
  • Clas Ohlson's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Clas Ohlson's dividend is above 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:CLASBs Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.4%
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:CLASBs Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-04-30 6.25 2.00
2021-04-30 6.25 2.00
2020-04-30 6.25 2.00
2020-04-08
BATS-CHIXE:CLASBs Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-07-01 6.250 6.689
2019-06-05 6.250 6.780
2018-09-10 6.250 8.133
2017-08-07 6.250 6.153
2016-09-12 5.750 4.076
2015-08-05 5.250 3.637
2014-09-15 4.750 3.508
2013-09-09 4.250 3.525
2012-09-10 4.250 4.778
2011-08-09 3.750 4.245
2010-09-13 3.750 3.679
2009-09-10 3.000 2.359
2009-06-11 3.000 2.640

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 Clas Ohlson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Clas Ohlson'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 Clas Ohlson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clas Ohlson has a total score of 5/6, 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 Clas Ohlson'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
Lotta Lyrå
COMPENSATION SEK10,800,000
AGE 44
TENURE AS CEO 2.7 years
CEO Bio

Mrs. Lotta Lyrå, MSc Econ., has been President and Chief Executive Officer at Clas Ohlson AB (publ) since August 1, 2017. Mrs. Lyrå served as Head of Development & Expansion at IKEA Group, where she is a member of the Group management team. Before the role as Head of Development & Expansion, she has held several leading positions within IKEA Group, for instance as Chief Executive Officer assistant and within strategy development and digital transformation. Besides several leading positions at IKEA Group, Mrs. Lyrå has held various positions within SÃdra SkogsÃgarna and McKinsey & Co. Mrs. Lyrå has been Director at Svenska Cellulosa Aktiebolaget SCA (publ) since June 15, 2017. She holds a MSc from the Stockholm School of Economics.

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

Average tenure and age of the Clas Ohlson management team in years:

2.7
Average Tenure
46
Average Age
  • The tenure for the Clas Ohlson management team is about average.
Management Team

Lotta Lyrå

TITLE
President & CEO
COMPENSATION
SEK11M
AGE
44
TENURE
2.7 yrs

Pär Christiansen

TITLE
Chief Financial Officer
AGE
46
TENURE
1.8 yrs

Tina Englyst

TITLE
Head of Legal & Sustainability
AGE
43

Niklas Carlsson

TITLE
Group Head of Communications

Lars Andréason

TITLE
Director of Sales & Communications
AGE
48
TENURE
8.8 yrs

Jesper Smith

TITLE
HR Director
AGE
49
TENURE
3.3 yrs

Anna Ingmarsson

TITLE
Head of Merchandiser

Sophia Bonnevier

TITLE
Head of B2B
TENURE
5.8 yrs

Peder Apelgren

TITLE
Chief Digital Officer
AGE
48
TENURE
1.3 yrs

Åse Holmberg

TITLE
Interim Chief Commercial Officer
AGE
39
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Clas Ohlson board of directors in years:

3.6
Average Tenure
55.5
Average Age
  • The tenure for the Clas Ohlson board of directors is about average.
Board of Directors

Kenneth Bengtsson

TITLE
Independent Chairman of the Board
COMPENSATION
SEK760K
AGE
58
TENURE
5.6 yrs

Göran Sundström

TITLE
Director
COMPENSATION
SEK460K
AGE
57
TENURE
5.6 yrs

Lars Zwetsloot

TITLE
Employee Representative Director
AGE
43
TENURE
8.3 yrs

Göran Näsholm

TITLE
Independent Director
COMPENSATION
SEK380K
AGE
64
TENURE
4.6 yrs

Mathias Haid

TITLE
Director
COMPENSATION
SEK380K
AGE
49
TENURE
4.6 yrs

Anne Sjöberg

TITLE
Independent Director
COMPENSATION
SEK320K
AGE
54
TENURE
2.6 yrs

Charlotte Strömberg

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
60
TENURE
2.6 yrs

Margareta Lehmann

TITLE
Independent Director
COMPENSATION
SEK320K
AGE
61
TENURE
1.6 yrs

Håkan Lundstedt

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
53
TENURE
1.6 yrs

Caroline Östning

TITLE
Employee Representative Director
AGE
41
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Clas Ohlson individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
12. Mar 20 Buy Kenneth Bengtsson Individual 12. Mar 20 12. Mar 20 10,000 SEK76.03 SEK760,331
12. Mar 20 Buy Pär Christiansen Individual 12. Mar 20 12. Mar 20 2,500 SEK74.50 SEK186,250
06. Dec 19 Sell Tina Englyst Individual 04. Dec 19 04. Dec 19 -15,720 SEK107.46 SEK-1,689,271
25. Sep 19 Buy Lasse Zwetsloot Individual 23. Sep 19 23. Sep 19 67 SEK96.50 SEK6,465
01. Jul 19 Sell Geir Hoff Individual 28. Jun 19 28. Jun 19 -3,890 SEK91.97 SEK-357,763
18. Jun 19 Buy Jacob Sten Individual 14. Jun 19 14. Jun 19 1,589 SEK92.05 SEK146,267
18. Jun 19 Buy Geir Hoff Individual 14. Jun 19 14. Jun 19 1,380 SEK92.05 SEK127,029
17. Jun 19 Buy Stine Trygg-Hauger Individual 14. Jun 19 14. Jun 19 1,003 SEK92.05 SEK92,326
17. Jun 19 Buy Jesper Smith Individual 14. Jun 19 14. Jun 19 1,378 SEK92.05 SEK126,845
17. Jun 19 Buy Fredrik Uhrbom Individual 14. Jun 19 14. Jun 19 1,252 SEK92.05 SEK115,247
16. Jun 19 Buy Pär Christiansen Individual 14. Jun 19 14. Jun 19 1,868 SEK92.05 SEK171,949
15. Jun 19 Buy Tina Englyst Individual 14. Jun 19 14. Jun 19 960 SEK92.05 SEK88,368
23. Apr 19 Buy Anne Sjöberg Individual 23. Apr 19 23. Apr 19 2,200 SEK77.10 SEK169,620
X
Management checks
We assess Clas Ohlson'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. Clas Ohlson 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

Clas Ohlson AB (publ) operates as a retailing company in Sweden and internationally. It offers hardware, electrical, multimedia, home, and leisure products, as well as spare parts and accessories. The company sells its products through its stores, as well as through online shopping and catalogue sales. As of April 30, 2019, it operated 97 stores in Sweden, 90 in Norway, 42 in Finland, and 3 in the United Kingdom. Clas Ohlson AB (publ) was founded in 1918 and is headquartered in Insjön, Sweden.

Details
Name: Clas Ohlson AB (publ)
CLASBs
Exchange: BATS-CHIXE
Founded: 1918
SEK4,864,315,929
63,337,447
Website: http://www.clasohlson.com
Address: Clas Ohlson AB (publ)
Leksand,
Insjön,
Dalarna County, 793 85,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CLAS B Series B Shares OMX Nordic Exchange Stockholm SE SEK 05. Oct 1999
DB OHCB Series B Shares Deutsche Boerse AG DE EUR 05. Oct 1999
LSE 0GQE Series B Shares London Stock Exchange GB SEK 05. Oct 1999
BATS-CHIXE CLASBs Series B Shares BATS 'Chi-X Europe' GB SEK 05. Oct 1999
Number of employees
Current staff
Staff numbers
5,000
Clas Ohlson employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:22
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/03/11
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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.