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Lagercrantz Group

BATS-CHIXE:LAGRBS
Snowflake Description

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

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

Lagercrantz Group AB (publ) operates as a technology company in the Europe, China, and the United states. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • Lagercrantz Group has significant price volatility in the past 3 months.
LAGRBS Share Price and Events
7 Day Returns
10.5%
BATS-CHIXE:LAGRBS
0%
GB Electronic
1.7%
GB Market
1 Year Returns
11.7%
BATS-CHIXE:LAGRBS
-5.1%
GB Electronic
-21.8%
GB Market
LAGRBS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lagercrantz Group (LAGRBS) 10.5% -0.3% -14.4% 11.7% 36.5% 110%
GB Electronic 0% -5.2% -14.2% -5.1% 23.9% 64.7%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • LAGRBS outperformed the Electronic industry which returned -5.1% over the past year.
  • LAGRBS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
LAGRBS
Industry
5yr Volatility vs Market

Value

 Is Lagercrantz Group 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 Lagercrantz Group 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 Lagercrantz Group.

BATS-CHIXE:LAGRBS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
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:LAGRBS
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))
= 1.1 (1 + (1- 22%) (1.99%))
1.078
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.078 * 5.44%)
6.39%

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

The calculations below outline how an intrinsic value for Lagercrantz Group 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:LAGRBS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.39%)
2020 381.00 Analyst x4 358.10
2021 502.80 Analyst x5 444.17
2022 511.40 Analyst x5 424.62
2023 517.80 Est @ 1.25% 404.09
2024 523.16 Est @ 1.04% 383.74
2025 527.79 Est @ 0.88% 363.86
2026 531.89 Est @ 0.78% 344.65
2027 535.63 Est @ 0.7% 326.21
2028 539.12 Est @ 0.65% 308.60
2029 542.43 Est @ 0.61% 291.84
Present value of next 10 years cash flows SEK3,649.00
BATS-CHIXE:LAGRBS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK542.43 × (1 + 0.53%) ÷ (6.39% – 0.53%)
SEK9,297.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK9,297.80 ÷ (1 + 6.39%)10
SEK5,002.31
BATS-CHIXE:LAGRBS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK3,649.00 + SEK5,002.31
SEK8,651.31
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK8,651.31 / 67.73
SEK127.74
BATS-CHIXE:LAGRBS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:LAGRBS represents 1.0081x of OM:LAGR B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0081x
Value per Share
(Listing Adjusted, SEK)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 127.74 x 1.0081
SEK128.77
Value per share (SEK) From above. SEK128.77
Current discount Discount to share price of SEK124.60
= -1 x (SEK124.60 - SEK128.77) / SEK128.77
3.2%

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

Current Discount
Amount off the current price Lagercrantz Group is available for.
Intrinsic value
3%
Share price is SEK124.6 vs Future cash flow value of SEK128.77
Current Discount Checks
For Lagercrantz Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lagercrantz Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Lagercrantz Group'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 Lagercrantz Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lagercrantz Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:LAGRBS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK5.45
OM:LAGR B Share Price ** OM (2020-04-07) in SEK SEK123.6
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.39x
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 Lagercrantz Group.

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

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

= 123.6 ÷ 5.45

22.68x

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

  • Lagercrantz Group is overvalued based on earnings compared to the GB Electronic industry average.
  • Lagercrantz Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Lagercrantz Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:LAGRBS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
8.7%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.08x
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:LAGRBS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.68x ÷ 8.7%

2.6x

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

  • Lagercrantz Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lagercrantz Group's assets?
Raw Data
BATS-CHIXE:LAGRBS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK23.86
OM:LAGR B Share Price * OM (2020-04-07) in SEK SEK123.6
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 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:LAGRBS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 123.6 ÷ 23.86

5.18x

* Primary Listing of Lagercrantz Group.

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

  • Lagercrantz Group is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Lagercrantz Group'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. Lagercrantz Group has a total score of 0/6, 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 Lagercrantz Group expected to perform in the next 1 to 3 years based on estimates from 6 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
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lagercrantz Group expected to grow at an attractive rate?
  • Lagercrantz Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Lagercrantz Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Lagercrantz Group'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:LAGRBS Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:LAGRBS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 8.7%
BATS-CHIXE:LAGRBS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
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:LAGRBS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 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:LAGRBS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 5,452 1
2022-03-31 4,735 613 438 6
2021-03-31 4,416 588 389 6
2020-04-08
2020-03-31 4,208 564 367 5
BATS-CHIXE:LAGRBS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 4,146 524 369
2019-09-30 4,058 526 352
2019-06-30 3,999 485 348
2019-03-31 3,932 462 342
2018-12-31 3,807 431 327
2018-09-30 3,684 362 309
2018-06-30 3,564 260 297
2018-03-31 3,410 282 286
2017-12-31 3,289 251 277
2017-09-30 3,199 284 275
2017-06-30 3,109 428 275
2017-03-31 3,096 375 274

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lagercrantz Group's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • Lagercrantz Group's revenue is expected to grow by 6.9% 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:LAGRBS 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 6 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:LAGRBS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 7.20 7.20 7.20 1.00
2022-03-31 6.47 7.20 6.02 6.00
2021-03-31 5.75 6.41 5.20 6.00
2020-04-08
2020-03-31 5.42 5.68 4.70 6.00
BATS-CHIXE:LAGRBS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 5.45
2019-09-30 5.20
2019-06-30 5.14
2019-03-31 5.05
2018-12-31 4.83
2018-09-30 4.56
2018-06-30 4.38
2018-03-31 4.21
2017-12-31 4.08
2017-09-30 4.04
2017-06-30 4.05
2017-03-31 4.03

*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.
  • Lagercrantz Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Lagercrantz Group'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.
Lagercrantz Group 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.

Past Performance

  How has Lagercrantz Group 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 Lagercrantz Group'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.
  • Lagercrantz Group's year on year earnings growth rate has been positive over the past 5 years.
  • Lagercrantz Group's 1-year earnings growth exceeds its 5-year average (12.8% vs 11.7%)
  • Lagercrantz Group's earnings growth has exceeded the GB Electronic industry average in the past year (12.8% vs 6.9%).
Earnings and Revenue History
Lagercrantz Group'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 Lagercrantz Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:LAGRBS 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 4,146.00 369.00 1,086.20
2019-09-30 4,058.00 352.00 1,046.20
2019-06-30 3,999.00 348.00 1,027.70
2019-03-31 3,932.00 342.00 1,013.20
2018-12-31 3,807.00 327.00 991.00
2018-09-30 3,684.00 309.00 969.00
2018-06-30 3,564.00 297.00 945.00
2018-03-31 3,410.00 286.00 902.00
2017-12-31 3,289.00 277.00 865.00
2017-09-30 3,199.00 275.00 830.00
2017-06-30 3,109.00 275.00 789.00
2017-03-31 3,096.00 274.00 785.00
2016-12-31 3,054.00 260.00 776.00
2016-09-30 3,024.00 253.00 767.00
2016-06-30 3,050.00 247.00 779.00
2016-03-31 3,057.00 241.00 765.00
2015-12-31 3,051.00 231.00 744.00
2015-09-30 3,016.00 224.00 722.00
2015-06-30 2,957.00 214.00 688.00
2015-03-31 2,846.00 203.00 652.00
2014-12-31 2,757.00 196.00 622.00
2014-09-30 2,687.00 189.00 605.00
2014-06-30 2,612.00 185.00 588.00
2014-03-31 2,546.00 177.00 572.00
2013-12-31 2,470.00 172.00 558.00
2013-09-30 2,394.00 169.00 539.00
2013-06-30 2,373.00 164.00 529.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lagercrantz Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Lagercrantz Group used its assets more efficiently than the GB Electronic industry average last year based on Return on Assets.
  • Lagercrantz Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lagercrantz Group'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.
Lagercrantz Group has a total score of 5/6, see the detailed checks below.

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

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

Health

 How is Lagercrantz Group'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 Lagercrantz Group's finances.

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

BATS-CHIXE:LAGRBS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,616.00 0.00 138.00
2019-09-30 1,516.00 0.00 126.00
2019-06-30 1,604.00 0.00 108.00
2019-03-31 1,508.00 1,068.00 139.00
2018-12-31 1,393.00 0.00 119.00
2018-09-30 1,448.00 0.00 116.00
2018-06-30 1,383.00 0.00 105.00
2018-03-31 1,303.00 1,169.00 134.00
2017-12-31 1,208.00 0.00 119.00
2017-09-30 1,157.00 0.00 124.00
2017-06-30 1,263.00 0.00 145.00
2017-03-31 1,197.00 688.00 122.00
2016-12-31 1,119.00 0.00 117.00
2016-09-30 1,062.00 0.00 96.00
2016-06-30 1,085.00 0.00 97.00
2016-03-31 1,032.00 618.00 67.00
2015-12-31 947.00 0.00 53.00
2015-09-30 919.00 0.00 95.00
2015-06-30 966.00 0.00 60.00
2015-03-31 917.00 382.00 80.00
2014-12-31 873.00 0.00 52.00
2014-09-30 826.00 0.00 59.00
2014-06-30 864.00 0.00 36.00
2014-03-31 805.00 323.00 38.00
2013-12-31 754.00 0.00 36.00
2013-09-30 704.00 0.00 36.00
2013-06-30 753.00 0.00 28.00
  • Lagercrantz Group has no debt.
  • Lagercrantz Group has no debt compared to 5 years ago when it was 0.5%.
  • Lagercrantz Group has no debt, it does not need to be covered by operating cash flow.
  • Lagercrantz Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Lagercrantz Group'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. Lagercrantz Group 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 Lagercrantz Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.02%
Current annual income from Lagercrantz Group dividends. Estimated to be 2.42% next year.
If you bought SEK2,000 of Lagercrantz Group shares you are expected to receive SEK40 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?
  • Lagercrantz Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Lagercrantz Group's dividend is below 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:LAGRBS 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 6 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 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:LAGRBS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31 3.09 6.00
2021-03-31 2.90 6.00
2020-04-08
2020-03-31 2.51 6.00
BATS-CHIXE:LAGRBS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-08-28 2.500 1.898
2018-07-24 2.000 1.974
2017-07-19 2.000 2.330
2016-07-01 1.750 2.050
2016-05-10 1.750 2.211
2015-08-26 1.500 2.127
2014-08-27 1.333 2.611
2013-08-28 1.083 2.610
2012-06-28 0.917 3.722
2012-05-03 0.917 4.771
2011-07-04 0.750 4.511
2011-05-10 0.750 3.509
2010-05-31 0.500 3.465
2010-05-11 0.500 4.973
2009-06-30 0.500 5.269
2009-05-13 0.500 5.662

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 Lagercrantz Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Lagercrantz Group'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 Lagercrantz Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lagercrantz Group has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Lagercrantz Group'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
Jörgen Wigh
COMPENSATION SEK9,258,000
AGE 54
TENURE AS CEO 14.2 years
CEO Bio

Mr. Jörgen Wigh, M.Sc. Econ., is the founder of PriceGain. Mr. Wigh serves as Chairman of the Board of Bergman & Beving AB (publ) since 2019 and serves as its Director since 2019. Mr. Wigh serves as the President and Chief Executive Officer at Lagercrantz Group AB (publ) since February 1, 2006. Prior to Lagercrantz, he was employed at PriceGain, a consulting company within pricing and revenue management. He served as an Executive Vice President at Bergman & Beving Group, from which Lagercrantz was spun off in 2001. He was an Investment Manager at Spira Invest. He has experience in the venture-capital industry, from McKinsey & Co and served as its management consultant. He served as the Chairman of the Board and Independent Director at Momentum Group AB (publ) since 2016 until August 30, 2019. He has been Director of Lagercrantz Group AB (publ) (also known as Lagercrantz Group Aktiebolag) since 2006. He serves as a Director at Elpress AB, Asept International AB, STARGO AB and a number of other subsidiaries in the Lagercrantz Group. He served as Director of Bergman & Beving Holding AB. Mr. Wigh holds Bachelor of Science in Economics from the Stockholm School of Economics. He also holds M.Sc. Econ.

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

6.4
Average Tenure
54
Average Age
  • The average tenure for the Lagercrantz Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jörgen Wigh

TITLE
President
COMPENSATION
SEK9M
AGE
54
TENURE
14.2 yrs

Magnus Söderlind

TITLE
Executive VP & Head of Business Development
COMPENSATION
SEK5M
AGE
53
TENURE
11.6 yrs

Kristina MacKintosh

TITLE
Chief Financial Officer
AGE
55
TENURE
0.9 yrs

Urban Lindskog

TITLE
Vice President of Communications
AGE
54
TENURE
1.3 yrs

Per Ikov

TITLE
CEO of Lagercrantz A/S & M&A Lagercrantz Denmark
COMPENSATION
SEK568K
AGE
58

Carina Nordlöf

TITLE
Group Controller
AGE
51
Board of Directors Tenure

Average tenure and age of the Lagercrantz Group board of directors in years:

4.3
Average Tenure
54
Average Age
  • The tenure for the Lagercrantz Group board of directors is about average.
Board of Directors

Anders Börjesson

TITLE
Chairman of the Board
COMPENSATION
SEK440K
AGE
71
TENURE
14.7 yrs

Jörgen Wigh

TITLE
President
COMPENSATION
SEK9M
AGE
54
TENURE
14.3 yrs

Lennart Sjölund

TITLE
Director
COMPENSATION
SEK220K
AGE
70
TENURE
19.3 yrs

Anna Almlöf

TITLE
Director
AGE
52
TENURE
4.3 yrs

Fredrik Börjesson

TITLE
Director
AGE
41
TENURE
4.3 yrs

Anna Marsell

TITLE
Director
AGE
41
TENURE
1.6 yrs

Ulf Södergren

TITLE
Director
AGE
66
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Lagercrantz Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
02. Apr 20 Sell Lennart Sjölund Individual 31. Mar 20 31. Mar 20 -1,423 SEK116.46 SEK-165,723
17. Mar 20 Buy Jonas Ahlberg Individual 16. Mar 20 16. Mar 20 3,000 SEK102.87 SEK308,610
12. Feb 20 Sell Jonas Ahlberg Individual 10. Feb 20 11. Feb 20 -8,375 SEK166.22 SEK-1,389,034
07. Dec 19 Sell Lennart Sjölund Individual 06. Dec 19 06. Dec 19 -2,000 SEK139.50 SEK-279,000
05. Dec 19 Sell Lennart Sjölund Individual 02. Dec 19 02. Dec 19 -5,000 SEK137.72 SEK-688,600
01. Dec 19 Sell Lennart Sjölund Individual 28. Nov 19 29. Nov 19 -4,800 SEK134.82 SEK-647,062
29. Nov 19 Sell Lennart Sjölund Individual 27. Nov 19 27. Nov 19 -3,200 SEK134.19 SEK-429,408
31. Jul 19 Sell Lennart Sjölund Individual 29. Jul 19 29. Jul 19 -164 SEK127.00 SEK-20,828
16. May 19 Sell Lennart Sjölund Individual 14. May 19 15. May 19 -9,885 SEK130.93 SEK-1,252,158
X
Management checks
We assess Lagercrantz Group'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. Lagercrantz Group 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

Lagercrantz Group AB (publ) operates as a technology company in the Europe, China, and the United states. The company operates through four divisions: Electronics, Mechatronics, Communications, and Niche Products. The Electronics division offers special products in embedded electronics, industrial wireless communication, RFID, and light controls. The Mechatronics division provides electric connections systems, electric installation materials, electric and electro-mechanical components, and wiring harness for the manufacturing, power production, electricity distribution, infrastructure, and property sectors. The Communications division offers products, systems, services, and support in the areas of network access, and digital image transmission/technical security, as well as control systems and software. The Niche Products division produces and sells proprietary technical products and solutions to other companies. This division provides products used in manufacturing and dispensing foodstuffs; material handling machinery; furniture and fittings for workplaces, shops, or warehouses; special plastic doors; and galvanized steel wires for roadway, mast, and agriculture applications, as well as provides snow clearance, and airport runway cleaning services. Lagercrantz Group AB (publ) was founded in 1906 and is headquartered in Stockholm, Sweden.

Details
Name: Lagercrantz Group AB (publ)
LAGRBS
Exchange: BATS-CHIXE
Founded: 1906
SEK8,438,633,434
67,725,790
Website: http://www.lagercrantz.com
Address: Lagercrantz Group AB (publ)
Torsgatan 2,
PO Box 3508,
Stockholm,
Stockholm County, 103 69,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM LAGR B Class B Shares OMX Nordic Exchange Stockholm SE SEK 03. Sep 2001
DB LG7 Class B Shares Deutsche Boerse AG DE EUR 03. Sep 2001
LSE 0RB7 Class B Shares London Stock Exchange GB SEK 03. Sep 2001
BATS-CHIXE LAGRBS Class B Shares BATS 'Chi-X Europe' GB SEK 03. Sep 2001
OM LAGR B SER'B'NPV (POST SPLIT) OMX Nordic Exchange Stockholm SE SEK 08. Apr 2020
Number of employees
Current staff
Staff numbers
1,538
Lagercrantz Group employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:57
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/01/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.