Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Fenix Outdoor International

BATS-CHIXE:FOIBS
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FOIBS
BATS-CHIXE
SEK8B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily in Sweden, other Nordic countries, Benelux, Europe, North America, and internationally. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Fenix Outdoor International has significant price volatility in the past 3 months.
FOIBS Share Price and Events
7 Day Returns
0.2%
BATS-CHIXE:FOIBS
-0.9%
GB Specialty Retail
0.1%
GB Market
1 Year Returns
-34.9%
BATS-CHIXE:FOIBS
-31.7%
GB Specialty Retail
-23.6%
GB Market
FOIBS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fenix Outdoor International (FOIBS) 0.2% -26.8% -42.7% -34.9% -28% 49%
GB Specialty Retail -0.9% -29.3% -43.3% -31.7% -41.6% -47.1%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • FOIBS underperformed the Specialty Retail industry which returned -31.7% over the past year.
  • FOIBS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
FOIBS
Industry
5yr Volatility vs Market

FOIBS Value

 Is Fenix Outdoor International 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 Fenix Outdoor International 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 Fenix Outdoor International.

BATS-CHIXE:FOIBS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
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:FOIBS
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 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.834 (1 + (1- 18%) (19.23%))
0.977
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.977 * 5.44%)
5.84%

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

The calculations below outline how an intrinsic value for Fenix Outdoor International 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:FOIBS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.84%)
2020 89.00 Analyst x1 84.09
2021 82.00 Analyst x1 73.20
2022 88.00 Analyst x1 74.21
2023 92.14 Est @ 4.71% 73.42
2024 95.33 Est @ 3.45% 71.76
2025 97.78 Est @ 2.58% 69.55
2026 99.70 Est @ 1.96% 67.00
2027 101.23 Est @ 1.53% 64.27
2028 102.48 Est @ 1.23% 61.47
2029 103.52 Est @ 1.02% 58.67
Present value of next 10 years cash flows €697.00
BATS-CHIXE:FOIBS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €103.52 × (1 + 0.53%) ÷ (5.84% – 0.53%)
€1,958.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,958.55 ÷ (1 + 5.84%)10
€1,109.90
BATS-CHIXE:FOIBS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €697.00 + €1,109.90
€1,806.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,806.90 / 13.34
€135.45
BATS-CHIXE:FOIBS Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:FOI B)
10.918
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €135.45 x 10.918
SEK1478.85
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:FOIBS represents 0.91177x of OM:FOI B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91177x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 1,478.85 x 0.91177
SEK1,348.37
Value per share (SEK) From above. SEK1,348.37
Current discount Discount to share price of SEK620.00
= -1 x (SEK620.00 - SEK1,348.37) / SEK1,348.37
54%

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

Current Discount
Amount off the current price Fenix Outdoor International is available for.
Intrinsic value
>50%
Share price is SEK620 vs Future cash flow value of SEK1348.37
Current Discount Checks
For Fenix Outdoor International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fenix Outdoor International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fenix Outdoor International'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 Fenix Outdoor International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fenix Outdoor International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:FOIBS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €4.58
OM:FOI B Share Price ** OM (2020-04-06) in SEK SEK680
OM:FOI B Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.092 €62.28
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 7.37x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Fenix Outdoor International.

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

= OM:FOI B Share Price ÷ EPS (both in EUR)

= 62.28 ÷ 4.58

13.61x

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

  • Fenix Outdoor International is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Fenix Outdoor International is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Fenix Outdoor International's expected growth come at a high price?
Raw Data
BATS-CHIXE:FOIBS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.5%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 15 Publicly-Listed Specialty Retail Companies 0.69x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.61x ÷ 11.5%

1.18x

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

  • Fenix Outdoor International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fenix Outdoor International's assets?
Raw Data
BATS-CHIXE:FOIBS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €23.92
OM:FOI B Share Price * OM (2020-04-06) in SEK SEK680
OM:FOI B Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.092 €62.28
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 36 Publicly-Listed Specialty Retail Companies 0.61x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:FOIBS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:FOI B Share Price ÷ Book Value per Share (both in EUR)

= 62.28 ÷ 23.92

2.6x

* Primary Listing of Fenix Outdoor International.

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

  • Fenix Outdoor International is overvalued based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Fenix Outdoor International'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. Fenix Outdoor International 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.

FOIBS Future Performance

 How is Fenix Outdoor International expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fenix Outdoor International expected to grow at an attractive rate?
  • Fenix Outdoor International's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Fenix Outdoor International's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Fenix Outdoor International's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:FOIBS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:FOIBS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.5%
BATS-CHIXE:FOIBS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.7%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
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:FOIBS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:FOIBS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 654 126 83 1
2021-12-31 626 118 74 1
2020-12-31 595 124 60 1
2020-04-07
BATS-CHIXE:FOIBS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 607 61 61
2019-09-30 598 54 68
2019-06-30 585 59 68
2019-03-31 577 73 67
2018-12-31 573 79 67
2018-09-30 567 73 69
2018-06-30 556 74 64
2018-03-31 548 70 63
2017-12-31 540 69 60
2017-09-30 529 65 62
2017-06-30 507 63 55
2017-03-31 502 46 54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fenix Outdoor International's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Fenix Outdoor International's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:FOIBS 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 1 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:FOIBS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6.17 6.17 6.17 1.00
2021-12-31 5.53 5.53 5.53 1.00
2020-12-31 4.43 4.43 4.43 1.00
2020-04-07
BATS-CHIXE:FOIBS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 4.58
2019-09-30 5.11
2019-06-30 5.09
2019-03-31 5.01
2018-12-31 5.01
2018-09-30 5.13
2018-06-30 4.74
2018-03-31 4.68
2017-12-31 4.49
2017-09-30 4.63
2017-06-30 4.10
2017-03-31 4.02

*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.
  • Fenix Outdoor International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fenix Outdoor International'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.
Fenix Outdoor International 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.

FOIBS Past Performance

  How has Fenix Outdoor International 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 Fenix Outdoor International'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.
  • Fenix Outdoor International has delivered over 20% year on year earnings growth in the past 5 years.
  • Fenix Outdoor International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fenix Outdoor International's 1-year earnings growth is negative, it can't be compared to the GB Specialty Retail industry average.
Earnings and Revenue History
Fenix Outdoor International'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 Fenix Outdoor International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FOIBS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 607.41 61.23 237.12
2019-09-30 597.81 68.49 236.97
2019-06-30 585.11 68.49 238.37
2019-03-31 577.21 67.39 239.67
2018-12-31 572.71 67.39 240.17
2018-09-30 566.94 69.03 231.28
2018-06-30 556.24 63.83 225.28
2018-03-31 547.84 63.03 219.98
2017-12-31 540.04 60.43 217.38
2017-09-30 529.46 62.27 212.19
2017-06-30 506.96 55.17 206.49
2017-03-31 501.86 54.17 202.99
2016-12-31 486.46 47.87 198.79
2016-09-30 475.55 41.27 192.42
2016-06-30 466.45 35.57 191.22
2016-03-31 457.95 28.67 196.32
2015-12-31 451.35 28.27 198.12
2015-09-30 396.54 18.39 178.62
2015-06-30 336.44 19.79 156.52
2015-03-31 279.74 22.19 124.82
2014-12-31 237.74 22.39 98.32
2014-09-30 234.01 28.51 91.37
2014-06-30 225.71 22.21 87.47
2014-03-31 221.11 24.41 85.67
2013-12-31 212.41 22.11 83.87
2013-09-30 206.79 20.71 81.60
2013-06-30 200.39 18.55 80.16

*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.
  • Fenix Outdoor International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fenix Outdoor International used its assets more efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • Fenix Outdoor International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fenix Outdoor International'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.
Fenix Outdoor International has a total score of 2/6, 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.

FOIBS Health

 How is Fenix Outdoor International'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 Fenix Outdoor International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fenix Outdoor International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fenix Outdoor International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fenix Outdoor International'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 13.7x 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 Fenix Outdoor International Company Filings, last reported 3 months ago.

BATS-CHIXE:FOIBS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 319.27 22.19 88.94
2019-09-30 317.30 26.10 62.10
2019-06-30 281.90 25.60 48.90
2019-03-31 300.80 25.50 85.60
2018-12-31 285.66 24.91 101.86
2018-09-30 276.80 36.30 80.70
2018-06-30 240.20 41.50 65.20
2018-03-31 242.30 38.50 69.20
2017-12-31 230.84 52.51 93.74
2017-09-30 222.00 45.10 73.40
2017-06-30 193.30 45.70 51.80
2017-03-31 202.50 54.00 69.80
2016-12-31 189.26 52.20 76.77
2016-09-30 175.80 56.30 59.40
2016-06-30 153.50 59.30 37.90
2016-03-31 156.40 61.40 54.00
2015-12-31 150.04 64.77 58.02
2015-09-30 143.20 65.00 46.80
2015-06-30 126.60 65.50 31.80
2015-03-31 145.70 66.50 43.20
2014-12-31 135.92 60.19 41.02
2014-09-30 134.00 27.40 23.20
2014-06-30 116.90 26.10 13.40
2014-03-31 120.85 26.03 20.58
2013-12-31 113.69 5.11 14.95
2013-09-30 111.65 5.16 1.55
2013-06-30 99.80 5.13 0.99
  • Fenix Outdoor International's level of debt (7%) 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 (44.3% vs 7% today).
  • Debt is well covered by operating cash flow (276.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.6x coverage).
X
Financial health checks
We assess Fenix Outdoor International'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. Fenix Outdoor International has a total score of 6/6, 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.

FOIBS Dividends

 What is Fenix Outdoor International'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 Fenix Outdoor International dividends. Estimated to be 2.35% next year.
If you bought SEK2,000 of Fenix Outdoor International 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 Fenix Outdoor International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fenix Outdoor International'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:FOIBS 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 1 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 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
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 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:FOIBS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.80 1.00
2021-12-31 1.40 1.00
2020-12-31 1.20 1.00
2020-04-07
BATS-CHIXE:FOIBS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-17 0.000 0.000
2019-04-01 1.170 1.319
2019-02-07 1.131 1.301
2018-03-26 1.016 1.074
2018-01-15 0.978 0.923
2017-04-04 0.837 0.894
2017-02-14 0.834 0.946
2016-04-11 0.539 0.954
2016-02-12 0.527 1.342
2015-04-13 0.415 1.088
2015-02-19 0.418 1.013

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

  • Unable to perform a dividend volatility check as Fenix Outdoor International has not reported any payouts.
  • Unable to verify if Fenix Outdoor International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fenix Outdoor International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fenix Outdoor International has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Fenix Outdoor International'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 Fenix Outdoor International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fenix Outdoor International 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.

FOIBS Management

 What is the CEO of Fenix Outdoor International'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
Martin Nordin
COMPENSATION €755,000
AGE 57
TENURE AS CEO 18.3 years
CEO Bio

Mr. Martin Nordin serves as the Managing Director at HANWAG GmbH. Mr. Nordin has served as Executive Chairman since April 2018 and CEO of Fenix Outdoor AB since 2002. He serves as Executive Chairman & Director of Fenix Outdoor International AG. He was CEO of Fenix Outdoor International AG till 2018. He has been Director of Fenix Outdoor AB since 2014. He holds Bachelor of Arts. Economics Boston University and MBA Northwestern University Kellogg Graduate School of Economics. Many years of experience in consulting and finance industry.

CEO Compensation
  • Martin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Martin'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 Fenix Outdoor International management team in years:

2
Average Tenure
53
Average Age
  • The tenure for the Fenix Outdoor International management team is about average.
Management Team

Martin Nordin

TITLE
Executive Chairman & CEO
COMPENSATION
€755K
AGE
57
TENURE
18.3 yrs

Alex Koska

TITLE
President
COMPENSATION
€495K
AGE
53
TENURE
2 yrs

Susanne Nordin

TITLE
Senior Executive & Director
AGE
53

Thomas Lindberg

TITLE
Chief Financial Officer
AGE
56

Martin Axelhed

TITLE
Executive Vice President
AGE
43
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Fenix Outdoor International board of directors in years:

4.3
Average Tenure
60
Average Age
  • The tenure for the Fenix Outdoor International board of directors is about average.
Board of Directors

Martin Nordin

TITLE
Executive Chairman & CEO
COMPENSATION
€755K
AGE
57
TENURE
2 yrs

Susanne Nordin

TITLE
Senior Executive & Director
AGE
53
TENURE
4.3 yrs

Ulf Gustafsson

TITLE
Director
AGE
64
TENURE
6.9 yrs

Mats Olsson

TITLE
Independent Director
AGE
71
TENURE
34.3 yrs

Sebastian von Wallwitz

TITLE
Director
AGE
54
TENURE
4.3 yrs

Rolf Schmid

TITLE
Director
AGE
60

Sven Stork

TITLE
Permanent Honorary Member of Board of Directors
AGE
79
TENURE
2.3 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)
X
Management checks
We assess Fenix Outdoor International'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. Fenix Outdoor International 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.

FOIBS News

Simply Wall St News

FOIBS Company Info

Description

Fenix Outdoor International AG, together with its subsidiaries, develops, produces, and sells outdoor products primarily in Sweden, other Nordic countries, Benelux, Europe, North America, and internationally. The company operates through three segments: Brands, Global Sales, and Frilufts. It offers backpacks, sleeping bags, tents, stoves, lanterns, apparel, outdoor shoes and boots, and navigation equipment, as well as accessories. The company sells its products under the Fjällräven, Tierra, Primus, Hanwag, Brunton, Royal Robbins brand names through 74 stores, including 33 in Sweden, 19 in Finland, 12 in Germany, and 10 in Denmark, as well as 44 brand retail shops and e-commerce stores. Fenix Outdoor International AG is based in Zug, Switzerland.

Details
Name: Fenix Outdoor International AG
FOIBS
Exchange: BATS-CHIXE
Founded:
SEK8,417,793,662
13,340,402
Website: http://www.fenixoutdoor.se
Address: Fenix Outdoor International AG
Industristrasse 6,
Zug,
Zug, 6300,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM FOI B Class B Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 26. Jun 2014
OTCPK FNXT.F Class B Ordinary Shares Pink Sheets LLC US USD 26. Jun 2014
LSE 0QVE Class B Ordinary Shares London Stock Exchange GB SEK 26. Jun 2014
BATS-CHIXE FOIBS Class B Ordinary Shares BATS 'Chi-X Europe' GB SEK 26. Jun 2014
Number of employees
Current staff
Staff numbers
2,476
Fenix Outdoor International employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 19:43
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/04/01
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.