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Christian Berner Tech Trade

BATS-CHIXE:CBTTBS
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CBTTBS
BATS-CHIXE
SEK364M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Christian Berner Tech Trade AB (publ) supplies technical components, equipment, and materials to businesses and public sector organizations in the Nordic countries. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • Christian Berner Tech Trade has significant price volatility in the past 3 months.
CBTTBS Share Price and Events
7 Day Returns
0%
BATS-CHIXE:CBTTBS
3.9%
GB Electronic
5.3%
GB Market
1 Year Returns
-
BATS-CHIXE:CBTTBS
-4.5%
GB Electronic
-21.5%
GB Market
CBTTBS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Christian Berner Tech Trade (CBTTBS) 0% -41.2% - - - -
GB Electronic 3.9% -1.8% -14.1% -4.5% 23.7% 66.2%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • No trading data on CBTTBS.
  • No trading data on CBTTBS.
Price Volatility
CBTTBS
Industry
5yr Volatility vs Market

CBTTBS Value

 Is Christian Berner Tech Trade 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 Christian Berner Tech Trade 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 Christian Berner Tech Trade.

BATS-CHIXE:CBTTBS 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 7.5%
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:CBTTBS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.104 (1 + (1- 22%) (37.1%))
1.283
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.283 * 5.44%)
7.51%

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

The calculations below outline how an intrinsic value for Christian Berner Tech Trade 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:CBTTBS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 7.51%)
2020 50.00 Analyst x1 46.51
2021 48.00 Analyst x1 41.53
2022 49.00 Analyst x1 39.43
2023 46.09 Est @ -5.95% 34.49
2024 44.24 Est @ -4% 30.80
2025 43.07 Est @ -2.64% 27.89
2026 42.34 Est @ -1.69% 25.50
2027 41.91 Est @ -1.03% 23.48
2028 41.67 Est @ -0.56% 21.71
2029 41.58 Est @ -0.23% 20.15
Present value of next 10 years cash flows SEK311.00
BATS-CHIXE:CBTTBS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK41.58 × (1 + 0.53%) ÷ (7.51% – 0.53%)
SEK598.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK598.65 ÷ (1 + 7.51%)10
SEK290.14
BATS-CHIXE:CBTTBS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK311.00 + SEK290.14
SEK601.14
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK601.14 / 18.69
SEK32.17
BATS-CHIXE:CBTTBS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CBTTBS represents 0.85641x of OM:CBTT B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85641x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 32.17 x 0.85641
SEK27.55
Value per share (SEK) From above. SEK27.55
Current discount Discount to share price of SEK16.70
= -1 x (SEK16.70 - SEK27.55) / SEK27.55
39.4%

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

Current Discount
Amount off the current price Christian Berner Tech Trade is available for.
Intrinsic value
39%
Share price is SEK16.7 vs Future cash flow value of SEK27.55
Current Discount Checks
For Christian Berner Tech Trade to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Christian Berner Tech Trade's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Christian Berner Tech Trade's share price is below the future cash flow value, but not 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 Christian Berner Tech Trade's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Christian Berner Tech Trade's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CBTTBS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK2.03
OM:CBTT B Share Price ** OM (2020-03-30) in SEK SEK19.5
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.3x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

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

** Primary Listing of Christian Berner Tech Trade.

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

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

= 19.5 ÷ 2.03

9.61x

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

  • Christian Berner Tech Trade is good value based on earnings compared to the GB Electronic industry average.
  • Christian Berner Tech Trade is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Christian Berner Tech Trade's expected growth come at a high price?
Raw Data
BATS-CHIXE:CBTTBS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7.6%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.04x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.61x ÷ 7.6%

1.26x

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

  • Christian Berner Tech Trade is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Christian Berner Tech Trade's assets?
Raw Data
BATS-CHIXE:CBTTBS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK8.21
OM:CBTT B Share Price * OM (2020-03-30) in SEK SEK19.5
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:CBTTBS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.5 ÷ 8.21

2.37x

* Primary Listing of Christian Berner Tech Trade.

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

  • Christian Berner Tech Trade is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Christian Berner Tech Trade'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Christian Berner Tech Trade 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.

CBTTBS Future Performance

 How is Christian Berner Tech Trade 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
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Christian Berner Tech Trade expected to grow at an attractive rate?
  • Christian Berner Tech Trade's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Christian Berner Tech Trade's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Christian Berner Tech Trade'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:CBTTBS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CBTTBS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7.6%
BATS-CHIXE:CBTTBS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
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:CBTTBS 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 SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:CBTTBS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 796 1
2022-12-31 765 72 50 1
2021-12-31 736 70 48 1
2020-12-31 724 71 49 1
2020-04-09
BATS-CHIXE:CBTTBS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 705 70 38
2019-09-30 659 70 41
2019-06-30 653 83 42
2019-03-31 647 39 43
2018-12-31 618 26 38
2018-09-30 565 27 30
2018-06-30 524 19 24
2018-03-31 478 21 20
2017-12-31 450 24 15
2017-09-30 449 24 16
2017-06-30 437 23 15
2017-03-31 441 26 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Christian Berner Tech Trade's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • Christian Berner Tech Trade's revenue is expected to grow by 3% 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:CBTTBS 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 Christian Berner Tech Trade Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CBTTBS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.80 2.80 2.80 1.00
2022-12-31 2.68 2.68 2.68 1.00
2021-12-31 2.56 2.56 2.56 1.00
2020-12-31 2.59 2.59 2.59 1.00
2020-04-09
BATS-CHIXE:CBTTBS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 2.03
2019-09-30 2.21
2019-06-30 2.23
2019-03-31 2.32
2018-12-31 2.02
2018-09-30 1.63
2018-06-30 1.31
2018-03-31 1.03
2017-12-31 0.84
2017-09-30 0.85
2017-06-30 0.79
2017-03-31 0.84

*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.
  • Christian Berner Tech Trade is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Christian Berner Tech Trade'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.
Christian Berner Tech Trade has a total score of 3/6, 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.

CBTTBS Past Performance

  How has Christian Berner Tech Trade 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 Christian Berner Tech Trade's growth in the last year to its industry (Electronic).
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.
  • Christian Berner Tech Trade has delivered over 20% year on year earnings growth in the past 5 years.
  • Christian Berner Tech Trade's 1-year earnings growth is less than its 5-year average (0.4% vs 23.2%)
  • Christian Berner Tech Trade's earnings growth has not exceeded the GB Electronic industry average in the past year (0.4% vs 6.9%).
Earnings and Revenue History
Christian Berner Tech Trade'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 Christian Berner Tech Trade Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CBTTBS Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 704.75 37.89 203.79
2019-09-30 658.70 41.33 203.06
2019-06-30 653.40 41.56 204.57
2019-03-31 646.58 43.41 204.88
2018-12-31 617.57 37.73 200.10
2018-09-30 565.39 29.84 186.88
2018-06-30 523.88 24.09 180.02
2018-03-31 478.37 19.95 166.60
2017-12-31 449.61 15.45 162.79
2017-09-30 448.78 15.87 161.48
2017-06-30 436.86 14.68 157.67
2017-03-31 440.61 14.91 159.62
2016-12-31 429.12 18.53 150.61
2016-09-30 431.38 24.52 145.84
2016-06-30 442.33 25.35 148.00
2016-03-31 437.81 22.73 143.67
2015-12-31 445.55 22.49 142.10
2015-09-30 433.68 14.34 141.28
2014-12-31 393.66 8.63 141.04
2013-12-31 392.80 9.82 133.49

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

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

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

CBTTBS Health

 How is Christian Berner Tech Trade'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 Christian Berner Tech Trade's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Christian Berner Tech Trade's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Christian Berner Tech Trade's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Christian Berner Tech Trade'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 2.4x 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 Christian Berner Tech Trade Company Filings, last reported 3 months ago.

BATS-CHIXE:CBTTBS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 153.47 76.96 26.74
2019-09-30 145.85 55.43 21.44
2019-06-30 135.10 74.48 41.75
2019-03-31 140.34 59.53 16.88
2018-12-31 129.72 80.77 33.77
2018-09-30 118.23 87.22 25.05
2018-06-30 107.61 79.88 4.08
2018-03-31 106.27 85.07 16.65
2017-12-31 94.96 7.50 64.54
2017-09-30 94.09 17.18 57.68
2017-06-30 92.53 17.74 55.75
2017-03-31 96.18 12.36 60.80
2016-12-31 95.92 10.97 64.98
2016-09-30 91.87 0.00 56.84
2016-06-30 87.13 0.00 58.19
2016-03-31 89.96 0.00 60.50
2015-12-31 85.99 0.27 71.70
2015-09-30 76.59 0.00 51.14
2014-12-31 69.18 4.47 47.99
2013-12-31 18.63 20.73 5.74
  • Christian Berner Tech Trade's level of debt (50.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.4% vs 50.1% today).
  • Debt is well covered by operating cash flow (90.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.9x coverage).
X
Financial health checks
We assess Christian Berner Tech Trade'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. Christian Berner Tech Trade has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

CBTTBS Dividends

 What is Christian Berner Tech Trade's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.85%
Current annual income from Christian Berner Tech Trade dividends. Estimated to be 5.33% next year.
If you bought SEK2,000 of Christian Berner Tech Trade shares you are expected to receive SEK77 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?
  • Christian Berner Tech Trade's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.49%).
  • Christian Berner Tech Trade's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.84%).
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:CBTTBS 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 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 6.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:CBTTBS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.07 1.00
2021-12-31 1.02 1.00
2020-12-31 1.03 1.00
2020-04-09
BATS-CHIXE:CBTTBS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-17 0.750 3.583
2019-03-21 0.750 2.795
2019-02-21 0.750 2.914
2018-03-23 0.500 2.428
2018-02-22 0.500 2.709
2017-08-21 0.500 2.830
2017-04-24 0.500 2.610
2017-02-22 0.500 2.595
2016-04-06 0.500 2.726
2016-02-19 0.500 3.194
2015-02-19 0.250 2.169

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

  • Whilst dividend payments have been stable, Christian Berner Tech Trade has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Christian Berner Tech Trade only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Christian Berner Tech Trade's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Christian Berner Tech Trade'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 Christian Berner Tech Trade afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Christian Berner Tech Trade has a total score of 3/6, see the detailed checks below.


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

CBTTBS Management

 What is the CEO of Christian Berner Tech Trade'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
Bo Söderqvist
AGE 56
TENURE AS CEO 10.3 years
CEO Bio

Mr. Bo Söderqvist has been Chief Executive Officer and President ofChristian Berner Tech Trade AB (publ) since 2010. Mr. Söderqvist serves as the Chief Executive Officer of Christian Berner AB. Mr. Söderqvist has been the Business Area Manager of Sweden at BE Group AB (publ) since 1985. Mr. Söderqvist served as the Managing Director and President of Sweden of Bröderna Edstrand Group AB from 1985 to January 2008. He served as Head of Production of Christian Berner Tech Trade AB (publ) since 1985, Head of Region in 1997 and Head of Business Unit.

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

Average tenure and age of the Christian Berner Tech Trade management team in years:

2.8
Average Tenure
49
Average Age
  • The tenure for the Christian Berner Tech Trade management team is about average.
Management Team

Bo Söderqvist

TITLE
CEO & President
AGE
56
TENURE
10.3 yrs

Torbjörn Gustafsson

TITLE
Chief Financial Officer
AGE
43
TENURE
2.3 yrs

Fredrik Berndtson

TITLE
Chief Information Officer
AGE
46
TENURE
0.4 yrs

Ann Svensson

TITLE
Marketing Manager
AGE
50

Herman Thon

TITLE
Chief Executive Officer of Christian Berner AS
AGE
49
TENURE
3.3 yrs

Joel Lybert

TITLE
Chief Executive Officer at Zander & Ingeström AB
AGE
44
TENURE
0.4 yrs

Henrik Westerholm

TITLE
CEO of Christian Berner Oy
AGE
49
TENURE
14.3 yrs

Hans Lindqvist

TITLE
CEO of Christian Berner AB & Supply Chain Director
AGE
54

Erik Thorup

TITLE
CEO of A/S Christian Berner
AGE
56
Board of Directors Tenure

Average tenure and age of the Christian Berner Tech Trade board of directors in years:

4.6
Average Tenure
57.5
Average Age
  • The tenure for the Christian Berner Tech Trade board of directors is about average.
Board of Directors

Joachim Berner

TITLE
Chairman of the Board
AGE
57
TENURE
5.8 yrs

Lars Gatenbeck

TITLE
Independent Director
COMPENSATION
SEK202K
AGE
63
TENURE
6.3 yrs

Malin Domstad

TITLE
Independent Director
COMPENSATION
SEK132K
AGE
49
TENURE
5.3 yrs

Kerstin Gillsbro

TITLE
Director
COMPENSATION
SEK142K
AGE
58
TENURE
4 yrs

Stina Wollenius

TITLE
Board Member
COMPENSATION
SEK89K
AGE
40
TENURE
2.3 yrs

Bertil Persson

TITLE
Director
COMPENSATION
SEK110K
AGE
58
TENURE
2.3 yrs

Kurt Olofsson

TITLE
Director
AGE
67
TENURE
16.3 yrs

Claes Berg

TITLE
Director
AGE
51
TENURE
1.3 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 Christian Berner Tech Trade'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. Christian Berner Tech Trade 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.

CBTTBS News

Simply Wall St News

CBTTBS Company Info

Description

Christian Berner Tech Trade AB (publ) supplies technical components, equipment, and materials to businesses and public sector organizations in the Nordic countries. Its materials technology business is focused on the sale of a range of materials, including plastics, and vibration-damping and noise-reduction solutions; and process and environment business focus on customers with a need for process equipment and turnkey systems. The company is also involved in the provision of consultation, analysis of the customer's technical requirements, development, installation, and services. It primarily serves pulp and paper, engineering, construction, and food industries, as well as petrochemicals and refineries. Christian Berner Tech Trade AB (publ) was founded in 1897 and is headquartered in Mölnlycke, Sweden.

Details
Name: Christian Berner Tech Trade AB (publ)
CBTTBS
Exchange: BATS-CHIXE
Founded: 1897
SEK364,397,299
18,687,041
Website: http://www.christianberner.com
Address: Christian Berner Tech Trade AB (publ)
Designvägen 1,
Box 88,
Mölnlycke,
Västra Götaland County, 435 22,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CBTT B Class B Shares OMX Nordic Exchange Stockholm SE SEK 20. Oct 2014
LSE 0RNW Class B Shares London Stock Exchange GB SEK 20. Oct 2014
BATS-CHIXE CBTTBS Class B Shares BATS 'Chi-X Europe' GB SEK 20. Oct 2014
Number of employees
Current staff
Staff numbers
0
Christian Berner Tech Trade employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:56
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/02/21
Last earnings filing: 2020/02/17
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.