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AVTECH Sweden

OM:AVT B
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVT B
OM
SEK86M
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

AVTECH Sweden AB (publ) develops products and services for digital air traffic management systems worldwide. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • AVTECH Sweden has significant price volatility in the past 3 months.
AVT B Share Price and Events
7 Day Returns
23.6%
OM:AVT B
2.5%
SE Aerospace & Defense
0.1%
SE Market
1 Year Returns
-41.1%
OM:AVT B
-34.9%
SE Aerospace & Defense
-13.2%
SE Market
AVT B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AVTECH Sweden (AVT B) 23.6% -24% -41.5% -41.1% -51% -85%
SE Aerospace & Defense 2.5% -27.2% -39.1% -34.9% -48% -15.4%
SE Market 0.1% -15.9% -23.2% -13.2% -14.8% -16.1%
1 Year Return vs Industry and Market
  • AVT B underperformed the Aerospace & Defense industry which returned -34.9% over the past year.
  • AVT B underperformed the Market in Sweden which returned -13.2% over the past year.
Price Volatility
AVT B
Industry
5yr Volatility vs Market

Value

 Is AVTECH Sweden 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 AVTECH Sweden 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 AVTECH Sweden.

OM:AVT B 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 4.4%
Perpetual Growth Rate 10-Year SE Government Bond Rate -0.4%

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 OM:AVT B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.82 (1 + (1- 22%) (0%))
0.879
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (0.879 * 5.44%)
4.36%

Discounted Cash Flow Calculation for OM:AVT B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AVTECH Sweden 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.

OM:AVT B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 4.36%)
2020 -1.00 Analyst x1 -0.96
2021 1.00 Analyst x1 0.92
2022 13.00 Analyst x1 11.44
2023 13.64 Est @ 4.93% 11.50
2024 14.09 Est @ 3.32% 11.38
2025 14.40 Est @ 2.2% 11.15
2026 14.61 Est @ 1.41% 10.83
2027 14.73 Est @ 0.86% 10.47
2028 14.80 Est @ 0.48% 10.08
2029 14.83 Est @ 0.21% 9.68
Present value of next 10 years cash flows SEK86.00
OM:AVT B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK14.83 × (1 + -0.42%) ÷ (4.36% – -0.42%)
SEK308.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK308.88 ÷ (1 + 4.36%)10
SEK201.54
OM:AVT B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK86.00 + SEK201.54
SEK287.54
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK287.54 / 56.48
SEK5.09
OM:AVT B Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK5.09
Current discount Discount to share price of SEK1.52
= -1 x (SEK1.52 - SEK5.09) / SEK5.09
70.1%

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

Current Discount
Amount off the current price AVTECH Sweden is available for.
Intrinsic value
>50%
Share price is SEK1.52 vs Future cash flow value of SEK5.09
Current Discount Checks
For AVTECH Sweden to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AVTECH Sweden's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AVTECH Sweden's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AVTECH Sweden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AVTECH Sweden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:AVT B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK0.01
OM:AVT B Share Price ** OM (2020-04-06) in SEK SEK1.52
Sweden Aerospace & Defense Industry PE Ratio Median Figure of 5 Publicly-Listed Aerospace & Defense Companies 20.08x
Sweden Market PE Ratio Median Figure of 356 Publicly-Listed Companies 14.58x

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

** Primary Listing of AVTECH Sweden.

OM:AVT B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.52 ÷ 0.01

107.31x

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

  • AVTECH Sweden is overvalued based on earnings compared to the SE Aerospace & Defense industry average.
  • AVTECH Sweden is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does AVTECH Sweden's expected growth come at a high price?
Raw Data
OM:AVT B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 107.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
55%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 1.25x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

OM:AVT B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 107.31x ÷ 55%

1.95x

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

  • AVTECH Sweden is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AVTECH Sweden's assets?
Raw Data
OM:AVT B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK0.51
OM:AVT B Share Price * OM (2020-04-06) in SEK SEK1.52
Sweden Aerospace & Defense Industry PB Ratio Median Figure of 7 Publicly-Listed Aerospace & Defense Companies 1.32x
Sweden Market PB Ratio Median Figure of 772 Publicly-Listed Companies 2.13x
OM:AVT B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.52 ÷ 0.51

2.97x

* Primary Listing of AVTECH Sweden.

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

  • AVTECH Sweden is overvalued based on assets compared to the SE Aerospace & Defense industry average.
X
Value checks
We assess AVTECH Sweden'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. AVTECH Sweden has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is AVTECH Sweden 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
55%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AVTECH Sweden expected to grow at an attractive rate?
  • AVTECH Sweden's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • AVTECH Sweden's earnings growth is expected to exceed the Sweden market average.
  • AVTECH Sweden's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:AVT B Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:AVT B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 55%
OM:AVT B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 25%
Sweden Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Sweden Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.5%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
OM:AVT B 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.
OM:AVT B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 51 1
2022-12-31 36 12 6 1
2021-12-31 26 9 4 1
2020-12-31 19 6 2 1
2020-04-07
OM:AVT B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 21 1
2019-09-30 19 1
2019-06-30 18 1
2019-03-31 17 -1
2018-12-31 16 -2
2018-09-30 16 -2
2018-06-30 16 -3
2018-03-31 15 -3
2017-12-31 14 -3
2017-09-30 13 -6
2017-06-30 12 -7
2017-03-31 11 -10 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AVTECH Sweden's earnings are expected to grow significantly at over 20% yearly.
  • AVTECH Sweden's revenue is expected to grow significantly at over 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
OM:AVT B 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 AVTECH Sweden Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AVT B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.11 0.11 0.11 1.00
2021-12-31 0.07 0.07 0.07 1.00
2020-12-31 0.03 0.03 0.03 1.00
2020-04-07
OM:AVT B Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 0.01
2019-09-30 0.02
2019-06-30 0.01
2019-03-31 -0.02
2018-12-31 -0.03
2018-09-30 -0.04
2018-06-30 -0.05
2018-03-31 -0.05
2017-12-31 -0.06
2017-09-30 -0.10
2017-06-30 -0.13
2017-03-31 -0.15

*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.
  • AVTECH Sweden is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AVTECH Sweden'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 Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden 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.
AVTECH Sweden has a total score of 5/6, 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 AVTECH Sweden 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 AVTECH Sweden's growth in the last year to its industry (Aerospace & Defense).
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.
  • AVTECH Sweden has delivered over 20% year on year earnings growth in the past 5 years.
  • AVTECH Sweden has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • AVTECH Sweden has become profitable in the last year making it difficult to compare the Europe Aerospace & Defense industry average.
Earnings and Revenue History
AVTECH Sweden'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 AVTECH Sweden Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AVT B 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 21.20 0.80 5.40
2019-09-30 18.92 1.18 4.14
2019-06-30 17.82 0.58 4.04
2019-03-31 17.32 -0.92 4.14
2018-12-31 15.92 -1.92 3.94
2018-09-30 15.80 -2.27 4.36
2018-06-30 15.70 -2.97 4.86
2018-03-31 15.00 -3.07 4.56
2017-12-31 14.20 -3.47 4.36
2017-09-30 13.28 -5.78 4.14
2017-06-30 12.18 -7.18 3.74
2017-03-31 11.40 -8.50 4.20
2016-12-31 11.38 -11.48 6.04
2016-09-30 11.69 -12.89 7.75
2016-06-30 12.09 -12.99 9.25
2016-03-31 13.29 -13.89 10.85
2015-12-31 13.19 -12.99 10.25
2015-09-30 14.08 -10.64 9.89
2015-06-30 14.68 -9.14 9.19
2015-03-31 14.48 -7.14 8.49
2014-12-31 14.08 -5.74 7.99
2014-09-30 12.39 -6.40 7.51
2014-06-30 11.59 -7.40 8.21
2014-03-31 9.89 -9.80 8.91
2013-12-31 10.09 -10.40 9.81
2013-09-30 10.35 -9.90 10.67
2013-06-30 10.15 -10.30 10.77

*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.
  • AVTECH Sweden has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AVTECH Sweden used its assets less efficiently than the SE Aerospace & Defense industry average last year based on Return on Assets.
  • AVTECH Sweden has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess AVTECH Sweden'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 Aerospace & Defense 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.
AVTECH Sweden has a total score of 2/6, see the detailed checks below.

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

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

Health

 How is AVTECH Sweden'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 AVTECH Sweden's finances.

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

OM:AVT B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 28.90 0.00 13.30
2019-09-30 29.20 0.00 13.30
2019-06-30 28.60 0.00 13.30
2019-03-31 28.10 0.00 14.10
2018-12-31 28.11 0.00 15.74
2018-09-30 28.00 0.00 16.60
2018-06-30 28.20 0.00 17.40
2018-03-31 29.10 0.00 18.70
2017-12-31 30.03 0.00 20.42
2017-09-30 30.30 0.00 21.30
2017-06-30 31.10 0.00 22.30
2017-03-31 32.60 0.00 23.80
2016-12-31 33.50 0.00 25.19
2016-09-30 36.50 0.00 26.20
2016-06-30 38.60 0.00 29.20
2016-03-31 41.10 0.00 32.50
2015-12-31 45.42 0.62 30.10
2015-09-30 49.40 0.00 35.10
2015-06-30 55.70 0.00 43.30
2015-03-31 59.00 0.00 46.00
2014-12-31 62.44 3.74 47.01
2014-09-30 22.20 2.90 6.90
2014-06-30 23.00 2.90 9.70
2014-03-31 25.10 3.00 12.90
2013-12-31 15.90 3.59 1.53
2013-09-30 2.50 12.30 0.50
2013-06-30 1.80 10.60 0.30
  • AVTECH Sweden has no debt.
  • AVTECH Sweden has no debt compared to 5 years ago when it was 5.9%.
  • AVTECH Sweden has no debt, it does not need to be covered by operating cash flow.
  • AVTECH Sweden has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess AVTECH Sweden'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. AVTECH Sweden 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 AVTECH Sweden's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AVTECH Sweden dividends. Estimated to be 2.96% next year.
If you bought SEK2,000 of AVTECH Sweden shares you are expected to receive SEK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AVTECH Sweden's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AVTECH Sweden's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:AVT B 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
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.4%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 217 Stocks 4.1%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1%
Sweden Bottom 25% Dividend Yield 25th Percentile 2.1%
Sweden Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

OM:AVT B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.06 1.00
2020-12-31 0.03 1.00
2020-04-07

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

  • Unable to perform a dividend volatility check as AVTECH Sweden has not reported any payouts.
  • Unable to verify if AVTECH Sweden's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AVTECH Sweden's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AVTECH Sweden has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess AVTECH Sweden's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 AVTECH Sweden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AVTECH Sweden has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of AVTECH Sweden'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
David Rytter
AGE 36
TENURE AS CEO 0.3 years
CEO Bio

Mr. David Rytter serves as Chief Executive Officer of AVTECH Sweden AB (publ) since January 1, 2020. Mr. Rytter was the Chief Technical Officer at AVTECH Sweden AB (publ) from March 31, 2016 until January 1, 2020. Mr. Rytter served as Technical Head within the Aventus NowCast Business Area at AVTECH. He holds MSC in aerospace engineering from Royal Institute of Technology.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the AVTECH Sweden management team in years:

3.8
Average Tenure
44
Average Age
  • The tenure for the AVTECH Sweden management team is about average.
Management Team

David Rytter

TITLE
Chief Executive Officer
AGE
36
TENURE
0.3 yrs

Britt-Marie Lodenius

TITLE
Chief Financial Officer
AGE
51
TENURE
3.8 yrs

Sören Skog

TITLE
Marketing Director
AGE
57
TENURE
3.3 yrs

Ryan Ellison

TITLE
Senior Vice President of Aventus Business Development and Customer Relations
AGE
37
TENURE
5.9 yrs

Anders Palm

TITLE
Consultant
AGE
44
TENURE
4.1 yrs
Board of Directors

Bo Redeborn

TITLE
Chairman of the Board

Lars Lindberg

TITLE
Founder & Director
AGE
60

Christer Fehrling

TITLE
Director
AGE
75
TENURE
13.3 yrs

Ingvar Zöögling

TITLE
Director
AGE
70

Jonny Olsson

TITLE
Director
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by AVTECH Sweden individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
31. Mar 20 Buy Bo Redeborn Individual 31. Mar 20 31. Mar 20 10,000 SEK1.20 SEK12,000
30. Mar 20 Buy Christer Fehrling Individual 28. Mar 20 30. Mar 20 25,000 SEK1.20 SEK28,334
12. Nov 19 Buy Christer Fehrling Individual 12. Nov 19 12. Nov 19 24,000 SEK2.47 SEK59,280
18. Oct 19 Buy Bo Redeborn Individual 18. Oct 19 18. Oct 19 10,000 SEK2.55 SEK25,500
18. Oct 19 Buy Christer Fehrling Individual 16. Oct 19 18. Oct 19 30,000 SEK2.55 SEK75,887
31. Jul 19 Buy Christer Fehrling Individual 30. Jul 19 31. Jul 19 20,000 SEK3.07 SEK61,289
30. Jul 19 Buy Christer Fehrling Individual 30. Jul 19 30. Jul 19 20,000 SEK3.05 SEK61,000
29. Jul 19 Buy Christer Fehrling Individual 29. Jul 19 29. Jul 19 40,000 SEK3.05 SEK121,000
04. Jul 19 Buy Christer Fehrling Individual 04. Jul 19 04. Jul 19 20,000 SEK2.90 SEK58,000
23. May 19 Buy Bo Redeborn Individual 23. May 19 23. May 19 10,000 SEK2.95 SEK29,500
14. May 19 Buy Christer Fehrling Individual 13. May 19 13. May 19 30,000 SEK2.64 SEK79,200
14. May 19 Buy Christer Fehrling Individual 14. May 19 14. May 19 10,000 SEK2.99 SEK29,900
X
Management checks
We assess AVTECH Sweden'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. AVTECH Sweden 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

Should You Worry About AVTECH Sweden AB (publ)’s (STO:AVT B) ROCE?

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 AVTECH Sweden:0.017 = kr450k ÷ (kr29m - kr3.0m) (Based on the trailing twelve months to June 2019.) Therefore, AVTECH Sweden has an ROCE of 1.7%. … How AVTECH Sweden's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … What We Can Learn From AVTECH Sweden's ROCE While that is good to see, AVTECH Sweden has a low ROCE and does not look attractive in this analysis.

Simply Wall St -

CEO & Director Christer Fehrling Just Bought Shares In AVTECH Sweden AB (publ) (STO:AVT B)

See our latest analysis for AVTECH Sweden The Last 12 Months Of Insider Transactions At AVTECH Sweden In fact, the recent purchase by CEO & Director Christer Fehrling was not their only acquisition of AVTECH Sweden shares this year. … OM:AVT B Recent Insider Trading, August 5th 2019 Insider Ownership of AVTECH Sweden Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … When combined with notable insider ownership, these factors suggest AVTECH Sweden insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Should You Take Comfort From Insider Transactions At AVTECH Sweden AB (publ) (STO:AVT B)?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for AVTECH Sweden AVTECH Sweden Insider Transactions Over The Last Year While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading. … OM:AVT B Recent Insider Trading, July 19th 2019 Insiders at AVTECH Sweden Have Bought Stock Recently There was some insider buying at AVTECH Sweden over the last quarter. … Insiders likely see value in AVTECH Sweden shares, given these transactions (along with notable insider ownership of the company).

Simply Wall St -

Why We Think AVTECH Sweden AB (publ) (STO:AVT B) Could Be Worth Looking At

In the case of AVTECH Sweden AB (publ) (STO:AVT B), there's is a company with impressive financial health as well as an optimistic growth outlook. … Excellent balance sheet with high growth potential Investors in search for stocks with room to flourish should look no further than AVT B, with its expected earnings growth of 94%. … The optimistic bottom-line growth is supported by an outstanding revenue growth of 73% over the same time period, which indicates that earnings is driven by top-line activity rather than purely unsustainable cost-reduction initiatives.

Simply Wall St -

AVTECH Sweden AB (publ)'s (STO:AVT B): From Cash To Ash?

AVTECH Sweden currently has kr16m in the bank, with negative free cash flow of -kr5.5m. … But according to my analysis, given the current level of cash reserves, AVTECH Sweden can continue to spend at the current rate and should not need to raise further capital for a few years. … Next Steps: Even if AVTECH Sweden continues to ramp up cash burn at its current high rate over the next few years, my analysis shows us it will still not need to raise capital or take on debt any time soon.

Simply Wall St -

Estimating The Fair Value Of AVTECH Sweden AB (publ) (STO:AVT B)

by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

AVTECH Sweden AB (publ)'s (STO:AVT B) Shift From Loss To Profit

AVTECH Sweden AB (publ)'s (STO:AVT B):. … AVTECH Sweden AB (publ) develops products and services for digital air traffic management systems worldwide. … View our latest analysis for AVTECH Sweden

Simply Wall St -

Investors Who Bought AVTECH Sweden (STO:AVT B) Shares Three Years Ago Are Now Down 52%

Given that AVTECH Sweden didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth. … Over three years, AVTECH Sweden grew revenue at 9.9% per year.

Simply Wall St -

These Factors Make AVTECH Sweden AB (publ) (STO:AVT B) An Interesting Investment

AVTECH Sweden AB (publ) (STO:AVT B) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of AVT B, it

Simply Wall St -

Company Info

Description

AVTECH Sweden AB (publ) develops products and services for digital air traffic management systems worldwide. It provides In-flight Cruise Profile Optimizer that optimizes the flight profile based on selected cost index, actual performance data, and current atmosphere; and proFLIGHT, which offers all flight related weather information. The company also offers Aventus NowCast system that provides aviation weather forecasting; Aventus SIGMA, a weather uplink service, which sends weather alerts directly to the cockpit; and Aventus AIR, a solution for sending FMS weather data to aircraft. It serves the air transport industry, including airline operators, airports, air navigation services providers, civil aviation authorities, aircraft manufacturers, and organizations, as well as local or global entities and research organizations. The company was founded in 1988 and is headquartered in Kista, Sweden.

Details
Name: AVTECH Sweden AB (publ)
AVT B
Exchange: OM
Founded: 1988
SEK85,848,932
56,479,561
Website: http://www.avtech.aero
Address: AVTECH Sweden AB (publ)
Farogatan 33,
24th Floor,
Kista,
Stockholm County, 164 51,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AVT B Series B Shares OMX Nordic Exchange Stockholm SE SEK 20. Feb 2012
Number of employees
Current staff
Staff numbers
9
AVTECH Sweden employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:30
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/02/19
Last earnings filing: 2020/02/12
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.