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CTT Systems

OM:CTT
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTT
OM
SEK2B
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

CTT Systems AB provides aerospace products for active humidity control worldwide. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • CTT Systems has significant price volatility in the past 3 months.
CTT Share Price and Events
7 Day Returns
-1.8%
OM:CTT
1.7%
SE Aerospace & Defense
1.1%
SE Market
1 Year Returns
3.4%
OM:CTT
-30.9%
SE Aerospace & Defense
-9.8%
SE Market
CTT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CTT Systems (CTT) -1.8% -25% -17.5% 3.4% -6.4% 264.3%
SE Aerospace & Defense 1.7% -23.2% -37.6% -30.9% -45.1% -10.6%
SE Market 1.1% -12.7% -20.4% -9.8% -11.4% -12.8%
1 Year Return vs Industry and Market
  • CTT outperformed the Aerospace & Defense industry which returned -30.9% over the past year.
  • CTT outperformed the Market in Sweden which returned -9.8% over the past year.
Price Volatility
CTT
Industry
5yr Volatility vs Market

CTT Value

 Is CTT 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 CTT 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 CTT Systems.

OM:CTT 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 4.5%
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:CTT
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 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.846 (1 + (1- 22%) (1.73%))
0.904
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (0.904 * 5.44%)
4.5%

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

The calculations below outline how an intrinsic value for CTT 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.

OM:CTT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 4.5%)
2020 60.00 Analyst x1 57.42
2021 83.00 Analyst x1 76.01
2022 103.00 Analyst x1 90.26
2023 109.45 Est @ 6.26% 91.78
2024 114.11 Est @ 4.26% 91.57
2025 117.36 Est @ 2.85% 90.12
2026 119.56 Est @ 1.87% 87.86
2027 120.97 Est @ 1.18% 85.07
2028 121.82 Est @ 0.7% 81.98
2029 122.27 Est @ 0.37% 78.73
Present value of next 10 years cash flows SEK830.00
OM:CTT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK122.27 × (1 + -0.42%) ÷ (4.5% – -0.42%)
SEK2,474.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK2,474.83 ÷ (1 + 4.5%)10
SEK1,593.66
OM:CTT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK830.00 + SEK1,593.66
SEK2,423.66
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK2,423.66 / 12.53
SEK193.44
OM:CTT Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK193.44
Current discount Discount to share price of SEK153.00
= -1 x (SEK153.00 - SEK193.44) / SEK193.44
20.9%

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

Current Discount
Amount off the current price CTT Systems is available for.
Intrinsic value
21%
Share price is SEK153 vs Future cash flow value of SEK193.44
Current Discount Checks
For CTT Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CTT Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CTT Systems'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 CTT Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CTT Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:CTT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK7.39
OM:CTT Share Price ** OM (2020-04-07) in SEK SEK153
Sweden Aerospace & Defense Industry PE Ratio Median Figure of 5 Publicly-Listed Aerospace & Defense Companies 20.3x
Sweden Market PE Ratio Median Figure of 357 Publicly-Listed Companies 15.01x

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

** Primary Listing of CTT Systems.

OM:CTT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 153 ÷ 7.39

20.7x

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

  • CTT Systems is overvalued based on earnings compared to the SE Aerospace & Defense industry average.
  • CTT Systems is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does CTT Systems's expected growth come at a high price?
Raw Data
OM:CTT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
18%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 1.33x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.7x ÷ 18%

1.15x

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

  • CTT Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CTT Systems's assets?
Raw Data
OM:CTT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK19.17
OM:CTT Share Price * OM (2020-04-07) in SEK SEK153
Sweden Aerospace & Defense Industry PB Ratio Median Figure of 7 Publicly-Listed Aerospace & Defense Companies 1.36x
Sweden Market PB Ratio Median Figure of 775 Publicly-Listed Companies 2.17x
OM:CTT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 153 ÷ 19.17

7.98x

* Primary Listing of CTT Systems.

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

  • CTT Systems is overvalued based on assets compared to the SE Aerospace & Defense industry average.
X
Value checks
We assess CTT 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 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. CTT Systems has a total score of 1/6, 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.

CTT Future Performance

 How is CTT Systems 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
18%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CTT Systems expected to grow at an attractive rate?
  • CTT Systems's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • CTT Systems's earnings growth is expected to exceed the Sweden market average.
  • CTT Systems's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:CTT Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:CTT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 18%
OM:CTT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 14.9%
Sweden Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
Sweden Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.9%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:CTT 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:CTT Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 509 121 137 1
2021-12-31 400 97 106 1
2020-12-31 281 73 61 1
OM:CTT Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 356 109 93
2019-09-30 367 94 92
2019-06-30 365 84 85
2019-03-31 341 78 78
2018-12-31 320 61 70
2018-09-30 290 61 61
2018-06-30 270 56 52
2018-03-31 268 69 45
2017-12-31 276 90 47
2017-09-30 274 88 48
2017-06-30 270 73 44
2017-03-31 262 67 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CTT Systems's earnings are expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
  • CTT Systems's revenue is expected to grow by 14.9% 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
OM:CTT 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 CTT Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CTT Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 10.96 10.96 10.96 1.00
2021-12-31 8.45 8.45 8.45 1.00
2020-12-31 4.87 4.87 4.87 1.00
OM:CTT Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 7.39
2019-09-30 7.36
2019-06-30 6.78
2019-03-31 6.19
2018-12-31 5.56
2018-09-30 4.83
2018-06-30 4.18
2018-03-31 3.62
2017-12-31 3.78
2017-09-30 3.81
2017-06-30 3.50
2017-03-31 3.32

*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.
  • CTT Systems is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess CTT 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 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.
CTT Systems has a total score of 4/6, 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.

CTT Past Performance

  How has CTT 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 CTT Systems'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.
  • CTT Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • CTT Systems's 1-year earnings growth is less than its 5-year average (32.9% vs 33.6%)
  • CTT Systems's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (32.9% vs 7.6%).
Earnings and Revenue History
CTT 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 CTT Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CTT Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 356.30 92.60 131.90
2019-09-30 367.00 92.20 136.70
2019-06-30 365.10 84.90 135.50
2019-03-31 340.60 77.60 130.40
2018-12-31 319.70 69.70 122.90
2018-09-30 290.30 60.50 117.30
2018-06-30 270.10 52.40 113.90
2018-03-31 268.30 45.40 116.30
2017-12-31 276.30 47.40 118.90
2017-09-30 273.50 47.70 117.20
2017-06-30 269.90 43.80 115.50
2017-03-31 261.90 41.60 110.20
2016-12-31 251.60 37.50 103.80
2016-09-30 239.30 31.90 100.10
2016-06-30 224.30 26.00 96.90
2016-03-31 210.50 23.00 93.10
2015-12-31 200.50 21.60 91.20
2015-09-30 205.30 24.30 89.50
2015-06-30 213.90 29.30 90.00
2015-03-31 204.70 23.50 91.50
2014-12-31 196.80 1.30 101.40
2014-09-30 177.40 -6.90 93.90
2014-06-30 162.50 -13.50 94.60
2014-03-31 165.30 -12.70 92.60
2013-12-31 153.40 3.40 80.40
2013-09-30 162.80 0.90 82.00
2013-06-30 159.20 -0.30 80.00

*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.
  • CTT Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • CTT Systems used its assets more efficiently than the SE Aerospace & Defense industry average last year based on Return on Assets.
  • CTT Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CTT 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 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.
CTT Systems 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.

CTT Health

 How is CTT 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 CTT Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CTT Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CTT Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CTT 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 8x 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 CTT Systems Company Filings, last reported 3 months ago.

OM:CTT Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 240.20 32.50 110.00
2019-09-30 220.80 34.10 80.80
2019-06-30 191.90 32.30 48.60
2019-03-31 216.30 32.30 84.90
2018-12-31 198.30 31.30 68.50
2018-09-30 179.30 24.80 48.20
2018-06-30 157.70 27.50 29.70
2018-03-31 173.10 27.50 61.30
2017-12-31 163.10 28.90 63.70
2017-09-30 153.20 30.80 54.40
2017-06-30 139.80 34.20 39.20
2017-03-31 154.00 38.80 45.70
2016-12-31 141.30 44.20 33.00
2016-09-30 131.10 43.70 15.40
2016-06-30 121.40 45.40 17.80
2016-03-31 121.50 54.40 25.80
2015-12-31 112.90 66.40 30.50
2015-09-30 107.70 70.50 28.40
2015-06-30 104.10 71.90 32.20
2015-03-31 99.50 72.60 34.00
2014-12-31 95.90 79.50 36.40
2014-09-30 58.70 80.30 3.20
2014-06-30 50.10 81.00 3.20
2014-03-31 49.00 84.20 1.60
2013-12-31 64.60 86.40 3.10
2013-09-30 65.70 85.50 0.10
2013-06-30 68.50 66.80 5.00
  • CTT Systems's level of debt (13.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (82.8% vs 13.5% today).
  • Debt is well covered by operating cash flow (334.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 74.9x coverage).
X
Financial health checks
We assess CTT 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. CTT Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

CTT Dividends

 What is CTT 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
3.53%
Current annual income from CTT Systems dividends. Estimated to be 3.79% next year.
If you bought SEK2,000 of CTT Systems shares you are expected to receive SEK71 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?
  • CTT Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (2.07%).
  • CTT Systems's dividend is below the markets top 25% of dividend payers in Sweden (6.02%).
Upcoming dividend payment

Purchase CTT Systems before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:CTT 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 3.2%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 217 Stocks 4%
Sweden Minimum Threshold Dividend Yield 10th Percentile 0.9%
Sweden Bottom 25% Dividend Yield 25th Percentile 2.1%
Sweden Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

OM:CTT Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 7.70 1.00
2021-12-31 6.20 1.00
2020-12-31 3.50 1.00
OM:CTT Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-07 5.400 2.970
2019-04-05 4.050 2.446
2019-02-06 4.050 2.648
2018-04-26 2.750 1.725
2017-04-11 2.100 1.377
2017-02-10 2.100 1.487
2016-04-15 0.700 0.871
2016-02-12 0.700 1.503
2015-03-02 0.400 0.912
2015-02-13 0.400 1.026

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

  • Whilst dividend payments have been stable, CTT Systems has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but CTT Systems only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of CTT Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess CTT Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 CTT Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CTT Systems has a total score of 3/6, see the detailed checks below.


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

CTT Management

 What is the CEO of CTT 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
Torbjörn Johansson
COMPENSATION SEK2,155,000
AGE 61
TENURE AS CEO 23.3 years
CEO Bio

Mr. Torbjörn Johansson has been Chief Executive Officer of CTT Systems AB since 1997 and served as its and President until 2019. Mr. Torbjörn served as Technical Director of CTT Systems AB from 1996 to 1997. He holds Master of Science in mechanical engineering at Linköping Institute of Technology. He completed Engineer’s education at SAAB aircraft division from 1982 to 1983. Development engineer on JAS39 Gripen, SAAB 1983–88. Development engineer/manager, EPI GmbH (now Telair), Germany 1988–91. Engi-neering Director, Elektrometall GmbH, Germany 1991–96.

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

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

4.3
Average Tenure
53
Average Age
  • The tenure for the CTT Systems management team is about average.
Management Team

Torbjörn Johansson

TITLE
Chief Executive Officer
COMPENSATION
SEK2M
AGE
61
TENURE
23.3 yrs

Daniel Ekstrand

TITLE
Chief Financial Officer
AGE
38
TENURE
4.3 yrs

Peter Landquist

TITLE
Vice President of Sales
AGE
61

Maria Wester

TITLE
Quality & Human Resources Manager
AGE
53

Tony Rosendal

TITLE
Head of CTT-Bribo Division
AGE
52
TENURE
3.3 yrs
Board of Directors Tenure

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

2.3
Average Tenure
55
Average Age
  • The average tenure for the CTT Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tomas Torlöf

TITLE
Chairman
COMPENSATION
SEK256K
AGE
52

Mats Lundin

TITLE
Director
COMPENSATION
SEK125K
AGE
60
TENURE
6.3 yrs

Annika Dalsvall

TITLE
Director
COMPENSATION
SEK140K
AGE
61
TENURE
7.3 yrs

Per Fyrenius

TITLE
Director
AGE
54
TENURE
2.3 yrs

Steven Buesing

TITLE
Director
AGE
45
TENURE
2.3 yrs

Björn Lenander

TITLE
Director
AGE
56
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • CTT 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 (SEK) Value (SEK)
18. Mar 20 Buy Peter Landquist Individual 17. Mar 20 17. Mar 20 215 SEK125.20 SEK26,918
15. Mar 20 Buy Peter Landquist Individual 13. Mar 20 13. Mar 20 310 SEK151.20 SEK46,872
12. Mar 20 Buy Peter Landquist Individual 10. Mar 20 11. Mar 20 150 SEK189.40 SEK28,277
21. Feb 20 Sell Torbjörn Johansson Individual 20. Feb 20 21. Feb 20 -4,000 SEK258.04 SEK-1,017,589
21. Feb 20 Buy Torbjörn Johansson Individual 20. Feb 20 21. Feb 20 4,000 SEK258.56 SEK1,020,508
11. Feb 20 Sell Torleif Nilsson Individual 11. Feb 20 11. Feb 20 -4,350 SEK226.00 SEK-983,100
11. Feb 20 Sell Torleif Nilsson Individual 11. Feb 20 11. Feb 20 -5,000 SEK227.00 SEK-1,135,000
13. Nov 19 Buy Per Fyrenius Individual 12. Nov 19 12. Nov 19 340 SEK165.00 SEK56,100
28. Oct 19 Buy Daniel Ekstrand Individual 28. Oct 19 28. Oct 19 500 SEK150.00 SEK75,000
28. Oct 19 Buy Torbjörn Johansson Individual 28. Oct 19 28. Oct 19 2,000 SEK150.45 SEK300,900
22. May 19 Buy Torbjörn Johansson Individual 22. May 19 22. May 19 400 SEK167.00 SEK66,800
13. May 19 Buy Peter Landquist Individual 08. May 19 08. May 19 457 SEK175.65 SEK80,272
12. May 19 Buy Tommy Ahlsved Individual 08. May 19 08. May 19 245 SEK175.65 SEK43,035
10. May 19 Buy Stefan Hammar Individual 08. May 19 08. May 19 291 SEK175.65 SEK51,114
10. May 19 Buy Torbjörn Johansson Individual 08. May 19 08. May 19 1,755 SEK175.65 SEK308,268
09. May 19 Buy Daniel Ekstrand Individual 08. May 19 08. May 19 354 SEK175.65 SEK62,181
09. May 19 Buy Per Gustafsson Individual 08. May 19 08. May 19 271 SEK175.65 SEK47,601
09. May 19 Buy Tony Rosendal Individual 08. May 19 08. May 19 372 SEK175.65 SEK65,342
09. May 19 Buy Torleif Nilsson Individual 08. May 19 08. May 19 319 SEK175.65 SEK56,033
09. May 19 Buy Maria Wester Individual 08. May 19 08. May 19 275 SEK175.65 SEK48,304
X
Management checks
We assess CTT 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. CTT 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.

CTT News

Simply Wall St News

Should We Worry About CTT Systems AB's (STO:CTT) P/E Ratio?

Looking at earnings over the last twelve months, CTT Systems has a P/E ratio of 23.73. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for CTT Systems: P/E of 23.73 = SEK161 ÷ SEK6.78 (Based on the trailing twelve months to June 2019.) Is A High Price-to-Earnings Ratio Good? … So based on this analysis we'd expect CTT Systems to have a high P/E ratio.

Simply Wall St -

Why Fundamental Investors Might Love CTT Systems AB (STO:CTT)

OM:CTT Income Statement, August 18th 2019 Next Steps: For CTT Systems, I've compiled three relevant aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for CTT’s future growth? … Take a look at our free research report of analyst consensus for CTT’s outlook. … The intrinsic value infographic in our free research report helps visualize whether CTT is currently mispriced by the market.

Simply Wall St -

Should We Be Delighted With CTT Systems AB's (STO:CTT) ROE Of 44%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for CTT Systems: 44% = kr85m ÷ kr192m (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does CTT Systems Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

How Much Of CTT Systems AB (STO:CTT) Do Insiders Own?

CTT Systems is a smaller company with a market capitalization of kr2.0b, so it may still be flying under the radar of many institutional investors. … See our latest analysis for CTT Systems OM:CTT Ownership Summary, July 20th 2019 What Does The Institutional Ownership Tell Us About CTT Systems? … We can see that CTT Systems does have institutional investors; and they hold 33% of the stock.

Simply Wall St -

Should You Like CTT Systems AB’s (STO:CTT) High Return On Capital Employed?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for CTT Systems: 0.39 = kr100m ÷ (kr343m - kr87m) (Based on the trailing twelve months to March 2019.) Therefore, CTT Systems has an ROCE of 39%. … 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. … Our Take On CTT Systems's ROCE Low current liabilities and high ROCE is a good combination, making CTT Systems look quite interesting.

Simply Wall St -

Is CTT Systems (STO:CTT) A Risky Investment?

OM:CTT Historical Debt, July 2nd 2019 A Look At CTT Systems's Liabilities Zooming in on the latest balance sheet data, we can see that CTT Systems had liabilities of kr86.6m due within 12 months and liabilities of kr40.0m due beyond that. … CTT Systems may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case CTT Systems has kr53m in net cash and a decent-looking balance sheet.

Simply Wall St -

Imagine Holding CTT Systems (STO:CTT) Shares While The Price Zoomed 650% Higher

To wit, the CTT Systems AB (STO:CTT) share price has soared 650% over five years. … Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. … We can see that the CTT Systems share price is up 157% in the last three years.

Simply Wall St -

Does The CTT Systems AB (STO:CTT) Share Price Fall With The Market?

Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Since CTT Systems has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Despite Its High P/E Ratio, Is CTT Systems AB (STO:CTT) Still Undervalued?

View our latest analysis for CTT Systems How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for CTT Systems: P/E of 26.38 = SEK163.4 ÷ SEK6.19 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Earnings growth means that in the future the 'E' will be higher.

Simply Wall St -

Only 3 Days Left To Cash In On CTT Systems AB (STO:CTT) Dividend

If you are interested in cashing in on CTT Systems AB's (STO:CTT) upcoming dividend of kr4.05 per share, you only have 3 days left to buy the shares before its ex-dividend date, 08 May 2019, in time for dividends payable on the 14 May 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine CTT Systems's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

CTT Company Info

Description

CTT Systems AB provides aerospace products for active humidity control worldwide. The company offers Zonal Drying system that prevents condensation in aircrafts, as well as Cabin Humidification system, including CAIR Intro. It also provides Crew Humidifiers, which offers humidified fresh air to the crew bunks, as well as Cair VIP humidification system. The company offers its products for non-condensation in the fuselage; and humidification of cockpit, crew rest, and cabins areas. CTT Systems AB is headquartered in Nyköping, Sweden.

Details
Name: CTT Systems AB
CTT
Exchange: OM
Founded:
SEK1,879,416,450
12,529,443
Website: http://www.ctt.se
Address: CTT Systems AB
Brukslagarvägen 5,
Nyköping,
Södermanland County, 611 31,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CTT Share Capital OMX Nordic Exchange Stockholm SE SEK 12. Mar 1998
LSE 0GUO Share Capital London Stock Exchange GB SEK 12. Mar 1998
BATS-CHIXE CTTS Share Capital BATS 'Chi-X Europe' GB SEK 12. Mar 1998
Number of employees
Current staff
Staff numbers
0
CTT Systems employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:32
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/07
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.