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Tomra Systems

OB:TOM
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TOM
OB
NOK38B
Market Cap
  1. Home
  2. NO
  3. Commercial Services
Company description

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. The last earnings update was 57 days ago. More info.


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TOM Share Price and Events
7 Day Returns
5.2%
OB:TOM
1.9%
Europe Commercial Services
2.6%
NO Market
1 Year Returns
36.7%
OB:TOM
-0.3%
Europe Commercial Services
-9.1%
NO Market
TOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tomra Systems (TOM) 5.2% -0.2% -6.4% 36.7% 181.1% 422.4%
Europe Commercial Services 1.9% 4.6% 0.8% -0.3% -0.1% 7%
NO Market 2.6% 8% 2.6% -9.1% 31.3% 13.2%
1 Year Return vs Industry and Market
  • TOM outperformed the Commercial Services industry which returned -0.3% over the past year.
  • TOM outperformed the Market in Norway which returned -9.1% over the past year.
Price Volatility
TOM
Industry
5yr Volatility vs Market

Value

 Is Tomra Systems 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 Tomra Systems 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 Tomra Systems.

OB:TOM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

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 OB:TOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 23%) (8.68%))
0.802
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (0.802 * 5.96%)
6.54%

Discounted Cash Flow Calculation for OB:TOM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tomra Systems 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.

OB:TOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 6.54%)
2020 492.33 Analyst x3 462.12
2021 863.00 Analyst x3 760.32
2022 952.67 Est @ 10.39% 787.80
2023 1,026.99 Est @ 7.8% 797.14
2024 1,088.49 Est @ 5.99% 793.02
2025 1,139.87 Est @ 4.72% 779.49
2026 1,183.55 Est @ 3.83% 759.68
2027 1,221.55 Est @ 3.21% 735.95
2028 1,255.45 Est @ 2.78% 709.95
2029 1,286.47 Est @ 2.47% 682.85
Present value of next 10 years cash flows NOK7,268.00
OB:TOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK1,286.47 × (1 + 1.76%) ÷ (6.54% – 1.76%)
NOK27,394.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK27,394.36 ÷ (1 + 6.54%)10
NOK14,540.68
OB:TOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK7,268.00 + NOK14,540.68
NOK21,808.68
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK21,808.68 / 147.89
NOK147.46
OB:TOM Discount to Share Price
Calculation Result
Value per share (NOK) From above. NOK147.46
Current discount Discount to share price of NOK258.60
= -1 x (NOK258.60 - NOK147.46) / NOK147.46
-75.4%

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

  • The current share price of Tomra Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tomra Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tomra Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:TOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in NOK NOK5.41
OB:TOM Share Price ** OB (2019-09-13) in NOK NOK258.6
Europe Commercial Services Industry PE Ratio Median Figure of 107 Publicly-Listed Commercial Services Companies 15.65x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.32x

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

** Primary Listing of Tomra Systems.

OB:TOM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:TOM Share Price ÷ EPS (both in NOK)

= 258.6 ÷ 5.41

47.76x

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

  • Tomra Systems is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Tomra Systems is overvalued based on earnings compared to the Norway market.
Price based on expected Growth
Does Tomra Systems's expected growth come at a high price?
Raw Data
OB:TOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
11.8%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 1.25x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.72x

*Line of best fit is calculated by linear regression .

OB:TOM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 47.76x ÷ 11.8%

4.05x

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

  • Tomra Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tomra Systems's assets?
Raw Data
OB:TOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in NOK NOK30.98
OB:TOM Share Price * OB (2019-09-13) in NOK NOK258.6
Europe Commercial Services Industry PB Ratio Median Figure of 147 Publicly-Listed Commercial Services Companies 1.57x
Norway Market PB Ratio Median Figure of 238 Publicly-Listed Companies 1.13x
OB:TOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:TOM Share Price ÷ Book Value per Share (both in NOK)

= 258.6 ÷ 30.98

8.35x

* Primary Listing of Tomra Systems.

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

  • Tomra Systems is overvalued based on assets compared to the Europe Commercial Services industry average.
X
Value checks
We assess Tomra Systems'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Tomra Systems 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 Tomra Systems expected to perform in the next 1 to 3 years based on estimates from 3 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
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tomra Systems expected to grow at an attractive rate?
  • Tomra Systems's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • Tomra Systems's earnings growth is positive but not above the Norway market average.
  • Tomra Systems's revenue growth is expected to exceed the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:TOM Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:TOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 11.8%
OB:TOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.6%
Europe Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Europe Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Norway Market Earnings Growth Rate Market Cap Weighted Average 15.1%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
OB:TOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:TOM Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10,317 1,468 997 3
2020-12-31 9,687 1,279 880 3
2019-12-31 9,167 1,204 761 3
2019-09-14
OB:TOM Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-06-30 9,113 1,053 799
2019-03-31 8,922 1,134 772
2018-12-31 8,596 1,025 740
2018-09-30 8,170 1,035 665
2018-06-30 7,778 978 591
2018-03-31 7,623 1,021 602
2017-12-31 7,432 1,023 611
2017-09-30 7,157 1,056 645
2017-06-30 7,016 1,029 690
2017-03-31 6,814 1,099 707
2016-12-31 6,610 1,095 704
2016-09-30 6,660 1,049 753

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tomra Systems's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Tomra Systems's revenue is expected to grow by 5.6% 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
OB:TOM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

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

OB:TOM Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.73 7.04 6.48 3.00
2020-12-31 5.95 6.26 5.67 3.00
2019-12-31 5.14 5.26 5.06 3.00
2019-09-14
OB:TOM Past Financials Data
Date (Data in NOK Millions) EPS *
2019-06-30 5.41
2019-03-31 5.24
2018-12-31 5.01
2018-09-30 4.49
2018-06-30 4.01
2018-03-31 4.07
2017-12-31 4.14
2017-09-30 4.37
2017-06-30 4.67
2017-03-31 4.78
2016-12-31 4.76
2016-09-30 5.11

*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.
  • Tomra Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tomra Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tomra Systems has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Tomra Systems 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 Tomra Systems's growth in the last year to its industry (Commercial Services).
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.
  • Tomra Systems's year on year earnings growth rate has been positive over the past 5 years.
  • Tomra Systems's 1-year earnings growth exceeds its 5-year average (35.1% vs 11.1%)
  • Tomra Systems's earnings growth has exceeded the Europe Commercial Services industry average in the past year (35.1% vs 13%).
Earnings and Revenue History
Tomra Systems'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 Tomra Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:TOM Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 9,113.30 798.60 2,452.10
2019-03-31 8,922.10 772.20 2,372.10
2018-12-31 8,595.80 740.20 2,284.90
2018-09-30 8,169.60 664.60 2,295.20
2018-06-30 7,778.10 591.20 2,217.90
2018-03-31 7,622.60 601.70 2,094.80
2017-12-31 7,432.10 610.60 1,960.30
2017-09-30 7,157.00 645.30 1,854.40
2017-06-30 7,016.20 690.00 1,753.60
2017-03-31 6,814.10 707.00 1,680.20
2016-12-31 6,609.90 704.10 1,627.70
2016-09-30 6,659.60 753.20 1,582.70
2016-06-30 6,693.40 712.70 1,577.50
2016-03-31 6,395.50 643.50 1,522.50
2015-12-31 6,142.90 607.50 1,472.40
2015-09-30 5,727.80 540.90 1,374.40
2015-06-30 5,167.20 471.30 1,262.40
2015-03-31 4,834.10 418.30 1,213.40
2014-12-31 4,749.00 421.60 1,187.20
2014-09-30 4,395.70 368.10 1,078.20
2014-06-30 4,438.60 375.70 1,098.90
2014-03-31 4,476.90 380.90 1,089.80
2013-12-31 4,421.00 383.70 1,065.10
2013-09-30 4,561.80 428.30 1,125.90
2013-06-30 4,432.70 407.30 1,120.40
2013-03-31 4,203.10 419.90 1,066.00
2012-12-31 4,073.10 440.40 1,011.50
2012-09-30 3,820.00 399.80 991.90

*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.
  • Tomra Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tomra Systems used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Tomra Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tomra Systems'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 Commercial Services 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.
Tomra Systems 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.

Health

 How is Tomra Systems'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 Tomra Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tomra Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tomra Systems's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tomra Systems'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 2x 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 Tomra Systems Company Filings, last reported 2 months ago.

OB:TOM Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,759.50 2,207.90 316.20
2019-03-31 5,221.50 1,543.30 475.70
2018-12-31 5,236.20 1,524.80 397.00
2018-09-30 4,732.20 1,486.60 285.50
2018-06-30 4,524.50 1,845.20 338.70
2018-03-31 4,636.30 1,668.20 596.80
2017-12-31 4,737.40 1,280.10 593.50
2017-09-30 4,500.30 1,213.50 474.00
2017-06-30 4,472.00 1,480.40 499.10
2017-03-31 4,485.00 1,173.70 526.40
2016-12-31 4,370.00 759.70 399.20
2016-09-30 4,098.00 979.60 334.10
2016-06-30 4,032.20 1,251.80 392.50
2016-03-31 4,080.80 1,139.50 345.40
2015-12-31 4,105.50 1,206.40 312.90
2015-09-30 3,783.90 1,439.30 395.50
2015-06-30 3,354.10 1,564.60 339.10
2015-03-31 3,447.00 1,358.50 293.30
2014-12-31 3,359.40 1,648.60 436.30
2014-09-30 2,880.90 1,565.10 172.40
2014-06-30 2,778.10 1,739.50 197.30
2014-03-31 2,817.40 1,493.50 79.00
2013-12-31 2,823.50 1,556.50 164.10
2013-09-30 2,657.00 1,654.30 146.90
2013-06-30 2,501.30 1,735.10 134.90
2013-03-31 2,493.40 1,560.90 153.30
2012-12-31 2,356.90 1,551.70 177.20
2012-09-30 2,221.40 1,640.60 95.90
  • Tomra Systems's level of debt (46.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (62.5% vs 46.4% today).
  • Debt is well covered by operating cash flow (47.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.9x coverage).
X
Financial health checks
We assess Tomra Systems'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. Tomra Systems has a total score of 4/6, 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 Tomra Systems'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
0.97%
Current annual income from Tomra Systems dividends. Estimated to be 1.25% next year.
If you bought NOK2,000 of Tomra Systems shares you are expected to receive NOK19 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?
  • Tomra Systems's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (2.49%).
  • Tomra Systems's dividend is below the markets top 25% of dividend payers in Norway (6.47%).
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
OB:TOM 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 3 Analyst Estimates (S&P Global) See Below
Europe Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 79 Stocks 3.1%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.5%

Industry and Market average data is calculated daily.

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

OB:TOM Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.56 3.00
2020-12-31 3.22 3.00
2019-12-31 2.90 3.00
2019-09-14
OB:TOM Past Annualized Dividends Data
Date (Data in NOK) Dividend per share (annual) Avg. Yield (%)
2019-02-21 2.500 0.964
2018-02-21 2.350 1.300
2017-02-23 2.100 1.890
2016-02-25 1.750 1.943
2015-04-24 1.450 1.847
2014-03-31 1.350 2.441
2014-02-19 1.350 2.397
2013-04-22 1.250 2.294
2012-04-27 1.050 2.150
2011-04-05 0.600 1.401
2011-02-18 0.600 1.434
2010-04-21 0.550 1.705
2009-04-01 0.500 1.905
2009-02-19 0.500 2.115

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

  • Tomra Systems is not paying a notable dividend for Norway, therefore no need to check if the payments are stable.
  • Tomra Systems is not paying a notable dividend for Norway, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Tomra Systems's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Tomra Systems's dividends as it is not paying a notable one for Norway.
Future Payout to shareholders
  • No need to calculate the sustainability of Tomra Systems's dividends in 3 years as they are not expected to pay a notable one for Norway.
X
Income/ dividend checks
We assess Tomra Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Tomra Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tomra Systems has a total score of 0/6, 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 Tomra Systems'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
Stefan Ranstrand
COMPENSATION NOK9,730,085
AGE 59
TENURE AS CEO 10.1 years
CEO Bio

Mr. Stefan Ranstrand has been the Chief Executive Officer and President at Tomra Systems ASA since joining in August 2009. Mr. Ranstrand served in various management positions at ABB Ltd., from 1991 to 2009. Mr. Ranstrand served as Sales Executive Industrial Markets at Data General AG from 1988 to 1991 and Ikea Lager und Service AG from 1985 to 1988. Mr. Ranstrand holds an M.Sc. in Industrial and Management Engineering from Linköping (Sweden) and Darmstadt (Germany).

CEO Compensation
  • Stefan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stefan's remuneration is about average for companies of similar size in Norway.
Management Team Tenure

Average tenure and age of the Tomra Systems management team in years:

7.7
Average Tenure
55.5
Average Age
  • The average tenure for the Tomra Systems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stefan Ranstrand

TITLE
President & CEO
COMPENSATION
NOK10M
AGE
59
TENURE
10.1 yrs

Espen Gundersen

TITLE
Deputy CEO & CFO
COMPENSATION
NOK6M
AGE
55
TENURE
17.7 yrs

Volker Rehrmann

TITLE
Executive VP
COMPENSATION
NOK515K
AGE
58
TENURE
6.5 yrs

Harald Henriksen

TITLE
Executive VP & Head of Business Area Collection Solutions
COMPENSATION
NOK5M
AGE
56
TENURE
15.7 yrs

Heiner Bevers

TITLE
Senior VP & Head of North America Collection Solutions
COMPENSATION
NOK804K
AGE
59
TENURE
14.3 yrs

Elisabet Sandnes

TITLE
Senior VP & Head of Group Strategy
COMPENSATION
NOK2M
AGE
39

Tom Eng

TITLE
Senior VP & Head of TOMRA Sorting Solutions Recycling
COMPENSATION
NOK3M
AGE
54
TENURE
7.7 yrs

Ashley Hunter

TITLE
Senior VP & Head of Bulk Sorting TOMRA Food
COMPENSATION
NOK650K
AGE
60
TENURE
6.7 yrs

Frank Höhler

TITLE
Senior VP & Head of Central and Eastern Europe Collection Solutions
COMPENSATION
NOK319K
AGE
47
TENURE
2.9 yrs

Anneli Forsman

TITLE
Senior VP & Head of Northern Europe Collection Solutions
COMPENSATION
NOK4M
AGE
42
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Tomra Systems board of directors in years:

4.4
Average Tenure
59
Average Age
  • The tenure for the Tomra Systems board of directors is about average.
Board of Directors

Jan Svensson

TITLE
Chairman
COMPENSATION
NOK679K
AGE
63
TENURE
4.4 yrs

Pierre Couderc

TITLE
Director
COMPENSATION
NOK498K
AGE
60
TENURE
5.7 yrs

David Williamson

TITLE
Employee Elected Director
COMPENSATION
NOK1M
AGE
60
TENURE
11.7 yrs

Bente Traa

TITLE
Employee Elected Director
COMPENSATION
NOK2M
AGE
40
TENURE
2.3 yrs

Bodil Gallon

TITLE
Director
COMPENSATION
NOK498K
AGE
51
TENURE
6.4 yrs

Bjørn Matre

TITLE
Director
AGE
59
TENURE
0.3 yrs

Hege Skryseth

TITLE
Director
AGE
52
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Tomra Systems 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 (NOK) Value (NOK)
22. Jul 19 Buy Stefan Ranstrand Individual 22. Jul 19 22. Jul 19 3,500 NOK260.00 NOK910,000
22. Jul 19 Sell Volker Rehrmann Individual 22. Jul 19 22. Jul 19 -12,000 NOK261.00 NOK-3,132,000
14. Jun 19 Buy Pierre Couderc Individual 14. Jun 19 14. Jun 19 410 NOK276.00 NOK113,160
14. Jun 19 Buy Hege Skryseth Individual 14. Jun 19 14. Jun 19 483 NOK277.00 NOK133,791
14. Jun 19 Buy Bjørn Matre Individual 14. Jun 19 14. Jun 19 3,686 NOK277.00 NOK1,021,022
14. Jun 19 Buy Bodil Gallon Individual 14. Jun 19 14. Jun 19 550 NOK276.00 NOK151,800
25. Feb 19 Buy Pierre Couderc Individual 25. Feb 19 25. Feb 19 500 NOK226.50 NOK113,250
11. Jan 19 Buy Linda Bell Individual 11. Jan 19 11. Jan 19 257 NOK207.00 NOK53,199
X
Management checks
We assess Tomra Systems'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. Tomra Systems 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

Who Has Been Selling Tomra Systems ASA (OB:TOM) Shares?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Tomra Systems The Last 12 Months Of Insider Transactions At Tomra Systems Over the last year, we can see that the biggest insider sale was by the Executive VP, Volker Rehrmann, for kr3.1m worth of shares, at about kr261 per share. … OB:TOM Recent Insider Trading, September 2nd 2019 Insiders at Tomra Systems Have Sold Stock Recently Over the last three months, we've seen notably more insider selling, than insider buying, at Tomra Systems. … Insider Ownership of Tomra Systems I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Tomra Systems ASA (OB:TOM) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Tomra Systems: 0.13 = kr1.2b ÷ (kr11b - kr1.4b) (Based on the trailing twelve months to June 2019.) So, Tomra Systems has an ROCE of 13%. … How Tomra Systems's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

With 35% Earnings Growth, Did Tomra Systems ASA (OB:TOM) Outperform The Industry?

Investors with a long-term horizong may find it valuable to assess Tomra Systems ASA's (OB:TOM) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … See our latest analysis for Tomra Systems Were TOM's earnings stronger than its past performances and the industry? … You should continue to research Tomra Systems to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for TOM’s future growth?

Simply Wall St -

Here's What We Think About Tomra Systems ASA's (OB:TOM) CEO Pay

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for Tomra Systems How Does Stefan Ranstrand's Compensation Compare With Similar Sized Companies? … We examined companies with market caps from kr18b to kr56b, and discovered that the median CEO total compensation of that group was kr8.3m.

Simply Wall St -

What Kind Of Shareholder Appears On The Tomra Systems ASA's (OB:TOM) Shareholder Register?

View our latest analysis for Tomra Systems OB:TOM Ownership Summary, July 11th 2019 What Does The Institutional Ownership Tell Us About Tomra Systems? … We can see that Tomra Systems does have institutional investors; and they hold 53% of the stock. … OB:TOM Income Statement, July 11th 2019 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.

Simply Wall St -

Does The Hype Around Tomra Systems ASA's (OB:TOM) Growth Justify Its July Share Price?

Tomra Systems is trading at price-to-earnings (PE) ratio of 53.53x, this tells us the stock is overvalued compared to the NO market average ratio of 13.27x , and overvalued based on current earnings compared to the Commercial Services industry average of 17x. … OB:TOM Price Estimation Relative to Market, July 1st 2019 We understand TOM seems to be overvalued based on its current earnings, compared to its industry peers. … So, when we include the growth factor in our analysis, Tomra Systems appears overvalued , based on its fundamentals.

Simply Wall St -

Tomra Systems ASA (OB:TOM) Delivered A Better ROE Than Its Industry

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Tomra Systems: 16% = øre772m ÷ øre5.2b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Tomra Systems's Debt And Its 16% Return On Equity Although Tomra Systems does use debt, its debt to equity ratio of 0.50 is still low. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Should You Be Tempted To Sell Tomra Systems ASA (OB:TOM) Because Of Its P/E Ratio?

Tomra Systems has a price to earnings ratio of 50.59, based on the last twelve months. … Check out our latest analysis for Tomra Systems How Do I Calculate Tomra Systems's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Tomra Systems: P/E of 50.59 = NOK265 ÷ NOK5.24 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Do Tomra Systems ASA’s (OB:TOM) Returns On Capital Employed Make The Cut?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Tomra Systems: 0.11 = øre1.1b ÷ (øre11b - øre788m) (Based on the trailing twelve months to March 2019.) Therefore, Tomra Systems has an ROCE of 11%. … How Tomra Systems's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Why I Like Tomra Systems ASA (OB:TOM)

Help shape the future of investing tools and you could win a $250 gift card! … Tomra Systems ASA (OB:TOM) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Company Info

Description

Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through Collection Solutions and Sorting Solutions segments. The Collection Solutions segment develops, produces, sells, leases, and services automated recycling systems, including data administration systems that monitor the volume of collected materials and associated deposit transactions. It is also involved in picking up, transporting, and processing empty beverage containers on behalf of beverage producers/fillers. This segment offers its solutions to the food retail industry in Europe and the United States. The Sorting Solutions segment provides sorting and processing technology for the fresh and processed food industries; sorting systems for waste and metal material streams; and ore sorting systems for the mining industry. Tomra Systems ASA was founded in 1972 and is headquartered in Asker, Norway.

Details
Name: Tomra Systems ASA
TOM
Exchange: OB
Founded: 1972
NOK38,244,546,657
147,890,745
Website: http://www.tomra.com
Address: Tomra Systems ASA
Drengsrudhagen 2,
Asker,
Akershus, 1385,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB TOM Ordinary Shares Oslo Bors NO NOK 01. Jan 1992
OTCPK TMRA.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1992
DB TMR Ordinary Shares Deutsche Boerse AG DE EUR 01. Jan 1992
LSE 0KV7 Ordinary Shares London Stock Exchange GB NOK 01. Jan 1992
BATS-CHIXE TOMO Ordinary Shares BATS 'Chi-X Europe' GB NOK 01. Jan 1992
OTCPK TMRA.Y SPON ADR NEW Pink Sheets LLC US USD 08. Sep 1993
Number of employees
Current staff
Staff numbers
4,000
Tomra Systems employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/14 20:45
End of day share price update: 2019/09/13 00:00
Last estimates confirmation: 2019/08/05
Last earnings filing: 2019/07/19
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.