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Indutrade

OM:INDT
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INDT
OM
SEK38B
Market Cap
  1. Home
  2. SE
  3. Capital Goods
Company description

Indutrade AB (publ) markets and sells components, systems, and services to various industries worldwide. The last earnings update was 41 days ago. More info.


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INDT Share Price and Events
7 Day Returns
-0.1%
OM:INDT
-0%
SE Trade Distributors
-0.2%
SE Market
1 Year Returns
49.9%
OM:INDT
42.5%
SE Trade Distributors
19.3%
SE Market
INDT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indutrade (INDT) -0.1% 3.8% 12.7% 49.9% 80.4% 209.8%
SE Trade Distributors -0% 0.2% 8.5% 42.5% 94% 180.7%
SE Market -0.2% -0.6% 7.8% 19.3% 14.5% 23.9%
1 Year Return vs Industry and Market
  • INDT outperformed the Trade Distributors industry which returned 42.5% over the past year.
  • INDT outperformed the Market in Sweden which returned 19.3% over the past year.
Price Volatility
INDT
Industry
5yr Volatility vs Market

INDT Value

 Is Indutrade 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 Indutrade 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 Indutrade.

OM:INDT 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 5.3%
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:INDT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 22%) (17.76%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (1.044 * 5.44%)
5.26%

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

The calculations below outline how an intrinsic value for Indutrade 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:INDT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.26%)
2020 2,051.00 Analyst x3 1,948.50
2021 2,146.67 Analyst x3 1,937.47
2022 2,207.01 Est @ 2.81% 1,892.39
2023 2,247.66 Est @ 1.84% 1,830.93
2024 2,273.81 Est @ 1.16% 1,759.66
2025 2,289.46 Est @ 0.69% 1,683.23
2026 2,297.60 Est @ 0.36% 1,604.80
2027 2,300.43 Est @ 0.12% 1,526.48
2028 2,299.51 Est @ -0.04% 1,449.61
2029 2,295.98 Est @ -0.15% 1,375.05
Present value of next 10 years cash flows SEK17,008.00
OM:INDT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK2,295.98 × (1 + -0.42%) ÷ (5.26% – -0.42%)
SEK40,249.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK40,249.77 ÷ (1 + 5.26%)10
SEK24,105.42
OM:INDT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK17,008.00 + SEK24,105.42
SEK41,113.42
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK41,113.42 / 120.86
SEK340.19
OM:INDT Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK340.19
Current discount Discount to share price of SEK315.00
= -1 x (SEK315.00 - SEK340.19) / SEK340.19
7.4%

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

Current Discount
Amount off the current price Indutrade is available for.
Intrinsic value
7%
Share price is SEK315 vs Future cash flow value of SEK340.19
Current Discount Checks
For Indutrade to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Indutrade's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Indutrade'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 Indutrade's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indutrade's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:INDT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK12.02
OM:INDT Share Price ** OM (2019-12-05) in SEK SEK315
Sweden Trade Distributors Industry PE Ratio Median Figure of 12 Publicly-Listed Trade Distributors Companies 15.24x
Sweden Market PE Ratio Median Figure of 354 Publicly-Listed Companies 18.56x

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

** Primary Listing of Indutrade.

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

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

= 315 ÷ 12.02

26.2x

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

  • Indutrade is overvalued based on earnings compared to the SE Trade Distributors industry average.
  • Indutrade is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Indutrade's expected growth come at a high price?
Raw Data
OM:INDT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.3%per year
Sweden Trade Distributors Industry PEG Ratio Median Figure of 8 Publicly-Listed Trade Distributors Companies 1.57x
Sweden Market PEG Ratio Median Figure of 238 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.2x ÷ 6.3%

4.14x

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

  • Indutrade is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Indutrade's assets?
Raw Data
OM:INDT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK57.32
OM:INDT Share Price * OM (2019-12-05) in SEK SEK315
Sweden Trade Distributors Industry PB Ratio Median Figure of 12 Publicly-Listed Trade Distributors Companies 2.51x
Sweden Market PB Ratio Median Figure of 755 Publicly-Listed Companies 2.7x
OM:INDT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 315 ÷ 57.32

5.5x

* Primary Listing of Indutrade.

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

  • Indutrade is overvalued based on assets compared to the SE Trade Distributors industry average.
X
Value checks
We assess Indutrade'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Indutrade 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.

INDT Future Performance

 How is Indutrade 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
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indutrade expected to grow at an attractive rate?
  • Indutrade's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Indutrade's earnings growth is positive but not above the Sweden market average.
  • Indutrade's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:INDT Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:INDT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.3%
OM:INDT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.9%
Sweden Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Sweden Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
OM:INDT 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 SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:INDT Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 19,879 2,483 1,700 3
2020-12-31 19,266 2,383 1,598 3
2019-12-31 18,510 1,977 1,511 3
2019-12-05
OM:INDT Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 17,994 1,784 1,453
2019-06-30 17,514 1,722 1,426
2019-03-31 17,317 1,524 1,425
2018-12-31 16,848 1,360 1,367
2018-09-30 16,334 1,279 1,170
2018-06-30 15,852 1,190 1,121
2018-03-31 15,211 1,234 1,060
2017-12-31 14,847 1,554 1,029
2017-09-30 14,414 1,497 1,106
2017-06-30 13,957 1,423 1,052
2017-03-31 13,525 1,424 1,008
2016-12-31 12,955 1,207 936

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indutrade's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • Indutrade's revenue is expected to grow by 3.9% 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:INDT 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 Indutrade Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:INDT Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 14.06 14.60 13.20 3.00
2020-12-31 13.21 13.69 12.70 3.00
2019-12-31 12.50 12.70 12.35 3.00
2019-12-05
OM:INDT Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 12.02
2019-06-30 11.80
2019-03-31 11.79
2018-12-31 11.31
2018-09-30 9.68
2018-06-30 9.28
2018-03-31 8.79
2017-12-31 8.54
2017-09-30 9.20
2017-06-30 8.76
2017-03-31 8.40
2016-12-31 7.80

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

INDT Past Performance

  How has Indutrade 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 Indutrade's growth in the last year to its industry (Trade Distributors).
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.
  • Indutrade's year on year earnings growth rate has been positive over the past 5 years.
  • Indutrade's 1-year earnings growth exceeds its 5-year average (24.2% vs 14.2%)
  • Indutrade's earnings growth has exceeded the SE Trade Distributors industry average in the past year (24.2% vs 9.7%).
Earnings and Revenue History
Indutrade'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 Indutrade Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:INDT Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 17,994.00 1,453.00 3,999.00 218.00
2019-06-30 17,514.00 1,426.00 3,880.00 214.00
2019-03-31 17,317.00 1,425.00 3,799.00 209.00
2018-12-31 16,848.00 1,367.00 3,731.00 204.00
2018-09-30 16,334.00 1,170.00 3,699.00 196.00
2018-06-30 15,852.00 1,121.00 3,592.00 188.00
2018-03-31 15,211.00 1,060.00 3,464.00 182.00
2017-12-31 14,847.00 1,029.00 3,360.00 178.00
2017-09-30 14,414.00 1,106.00 3,210.00 175.00
2017-06-30 13,957.00 1,052.00 3,133.00 173.00
2017-03-31 13,525.00 1,008.00 3,063.00 166.00
2016-12-31 12,955.00 936.00 2,974.00 156.00
2016-09-30 12,675.00 944.00 2,899.00 147.00
2016-06-30 12,535.00 947.00 2,841.00 140.00
2016-03-31 12,243.00 917.00 2,763.00 134.00
2015-12-31 11,881.00 893.00 2,684.00 133.00
2015-09-30 11,316.00 856.00 2,550.00 125.00
2015-06-30 10,692.00 798.00 2,447.00 119.00
2015-03-31 10,097.00 743.00 2,334.00 113.00
2014-12-31 9,746.00 704.00 2,247.00 107.00
2014-09-30 9,444.00 662.00 2,209.00 108.00
2014-06-30 9,180.00 624.00 2,144.00 106.00
2014-03-31 9,030.00 606.00 2,098.00 109.00
2013-12-31 8,831.00 587.00 2,054.00 110.00
2013-09-30 8,746.00 602.00 2,015.00 107.00
2013-06-30 8,586.00 583.00 1,993.00 104.00
2013-03-31 8,453.00 566.00 1,981.00 99.00
2012-12-31 8,384.00 569.00 1,958.00 95.00

*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.
  • Indutrade has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Indutrade used its assets more efficiently than the SE Trade Distributors industry average last year based on Return on Assets.
  • Indutrade's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indutrade'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 Trade Distributors 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.
Indutrade 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.

INDT Health

 How is Indutrade'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 Indutrade's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indutrade is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indutrade's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indutrade'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 1.2x 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 Indutrade Company Filings, last reported 2 months ago.

OM:INDT Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6,939.00 6,725.00 700.00
2019-06-30 6,492.00 6,793.00 679.00
2019-03-31 6,660.00 5,251.00 465.00
2018-12-31 6,218.00 4,213.00 708.00
2018-09-30 5,906.00 4,855.00 531.00
2018-06-30 5,616.00 4,985.00 534.00
2018-03-31 5,654.00 4,589.00 511.00
2017-12-31 5,168.00 3,894.00 464.00
2017-09-30 4,900.00 4,150.00 375.00
2017-06-30 4,651.00 4,034.00 351.00
2017-03-31 4,664.00 4,020.00 546.00
2016-12-31 4,399.00 3,580.00 332.00
2016-09-30 4,065.00 4,310.00 318.00
2016-06-30 3,861.00 4,021.00 302.00
2016-03-31 3,911.00 3,519.00 368.00
2015-12-31 3,707.00 2,944.00 339.00
2015-09-30 3,527.00 3,716.00 431.00
2015-06-30 3,307.00 3,810.00 293.00
2015-03-31 3,399.00 3,209.00 344.00
2014-12-31 3,162.00 2,541.00 357.00
2014-09-30 2,923.00 2,951.00 279.00
2014-06-30 2,720.00 3,033.00 287.00
2014-03-31 2,757.00 2,539.00 214.00
2013-12-31 2,626.00 2,339.00 261.00
2013-09-30 2,405.00 2,858.00 244.00
2013-06-30 2,281.00 2,963.00 286.00
2013-03-31 2,342.00 2,665.00 210.00
2012-12-31 2,290.00 2,345.00 243.00
  • Indutrade's level of debt (95.4%) 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 (98.1% vs 95.4% today).
  • Debt is well covered by operating cash flow (27%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.8x coverage).
X
Financial health checks
We assess Indutrade'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. Indutrade 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.

INDT Dividends

 What is Indutrade'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
1.43%
Current annual income from Indutrade dividends. Estimated to be 1.77% next year.
If you bought SEK2,000 of Indutrade shares you are expected to receive SEK29 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?
  • Indutrade's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.66%).
  • Indutrade's dividend is below the markets top 25% of dividend payers in Sweden (4.89%).
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:INDT 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
Sweden Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 1.7%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 260 Stocks 3.3%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.7%
Sweden Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

OM:INDT Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 6.07 3.00
2020-12-31 5.57 3.00
2019-12-31 5.13 3.00
2019-12-05
OM:INDT Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-05-09 4.500 1.575
2018-03-20 3.750 1.629
2017-03-20 3.200 1.538
2016-03-21 3.000 1.744
2015-04-30 2.583 1.828
2014-03-20 2.350 2.271
2013-04-03 2.350 2.856
2012-03-26 2.250 3.398
2012-02-14 2.250 3.143
2011-03-21 1.700 2.758
2010-05-24 1.433 2.328
2009-05-05 2.133 4.864

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Indutrade's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Indutrade'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 Indutrade afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indutrade 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.

INDT Management

 What is the CEO of Indutrade's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bo Annvik
COMPENSATION SEK10,342,000
AGE 54
TENURE AS CEO 2.7 years
CEO Bio

Mr. Bo Annvik, M. Sc. (Econ.), has been the Chief Executive Officer and President of Indutrade AB (publ) since he joined in April 26, 2017. Mr. Annvik has been a Director of SSAB since April 8, 2019. He has been the President of SKF Sealing Solutions of SKF since 2005. Mr. Annvik served as the Chief Executive Officer and President at Haldex AB from July 1, 2012 to February 28, 2017. He served as an Executive Vice President of Long Products Business Unit at Outokumpu Oyj since May 2010. He served as the Executive Vice President of Specialty Stainless of Outokumpu Oyj since June 1, 2007. Mr. Annvik was responsible for Avesta Works, Hot Rolled Plate, Thin Strip and OSTP business units. He served as Acting Executive Vice President of Group Sales and Marketing of Outokumpu Oyj from February 2009 to April 2010. He served as Vice President, Marketing of Volvo Car Corp. from November 1998 to August 2000; Vice President, Product Planning & Business Development at Volvo Car Corp. from April 1996 to November 1998; Act. Vice President, Business Strategy & Product Planning, Volvo Cars Corp. from November 1995 to April 1996; Business Strategy Director of Volvo Car Corp. from September 1994 to November 1995; Senior Manager and Co-founder of Arthur D. Little AB, Sweden/ Scandinavia from August 1992 to September 1994; Senior Manager and Partner of SEED Management AB from January 1991 to August 1992; Management Consultant at Cresentia AB from June 1990 to January 1991 and Vice President, Business Development, Automotive Division, SKF from December 2002 to February 2005. His portfolio in the Group Executive Committee supervises the business units of Avesta Works, Hot Rolled Plate, Thin Strip and OSTP. He has been a Director at Plastal Industri AB since September 22, 2015. Mr. Annvik holds Complimentary University Studies from Chalmers University of Technology, Gothenburg, Sweden (Market Analysis, International Marketing and Logistics) in 1990 and Bachelor of Science in Business and Economics from Gothenburg School of Economics, Sweden in 1990.

CEO Compensation
  • Insufficient data for Bo to compare compensation growth.
  • Bo's remuneration is lower than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Indutrade management team in years:

1.9
Average Tenure
54
Average Age
  • The average tenure for the Indutrade management team is less than 2 years, this suggests a new team.
Management Team

Bo Annvik

TITLE
CEO, President & Director
COMPENSATION
SEK10M
AGE
54
TENURE
2.7 yrs

Patrik Johnson

TITLE
Chief Financial Officer
AGE
49
TENURE
1.4 yrs

Frida Adrian

TITLE
Member of Group Management
AGE
42

Åsa Wirsenius

TITLE
Vice President of Group Human Resources
AGE
42
TENURE
1.3 yrs

Claes Hjalmarson

TITLE
Head of Acquisition & Business Development
AGE
65

Peter Eriksson

TITLE
Senior VP & Advisor to the CEO
AGE
66
TENURE
1.9 yrs

Juha Kujala

TITLE
Senior Vice President of Finland
AGE
52
TENURE
1.9 yrs

Göte Mattsson

TITLE
Senior Vice President of Fluids & Mechanical Solutions
AGE
64
TENURE
1.9 yrs

Susann Nyberg

TITLE
Head of Group Finance
AGE
56
TENURE
4.9 yrs

Patrik Stolpe

TITLE
Senior Vice President of Measurement & Sensor Technology
AGE
54
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Indutrade board of directors in years:

4.5
Average Tenure
59.5
Average Age
  • The tenure for the Indutrade board of directors is about average.
Board of Directors

Katarina Martinson

TITLE
Independent Chairwoman
COMPENSATION
SEK271K
AGE
38
TENURE
1.7 yrs

Bo Annvik

TITLE
CEO, President & Director
COMPENSATION
SEK10M
AGE
54
TENURE
2.7 yrs

Bengt Kjell

TITLE
Independent Vice Chairman
COMPENSATION
SEK433K
AGE
65
TENURE
6.3 yrs

Ulf Lundahl

TITLE
Independent Director
COMPENSATION
SEK331K
AGE
67
TENURE
13.9 yrs

Krister Mellvé

TITLE
Independent Director
COMPENSATION
SEK271K
AGE
70
TENURE
7.9 yrs

Lars Pettersson

TITLE
Independent Director
COMPENSATION
SEK298K
AGE
65
TENURE
6.3 yrs

Susanna Campbell

TITLE
Independent Director
COMPENSATION
SEK181K
AGE
46
TENURE
2.7 yrs

Anders Jernhall

TITLE
Independent Director
AGE
49
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess Indutrade'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. Indutrade 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.

INDT News

Simply Wall St News

Estimating The Intrinsic Value Of Indutrade AB (publ) (STO:INDT)

Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (SEK, Millions) SEK1.9b SEK2.0b SEK2.1b SEK2.2b SEK2.3b SEK2.3b SEK2.3b SEK2.4b SEK2.4b SEK2.4b Growth Rate Estimate Source Analyst x3 Analyst x3 Est @ 5.1% Est @ 3.7% Est @ 2.72% Est @ 2.04% Est @ 1.56% Est @ 1.22% Est @ 0.98% Est @ 0.82% Present Value (SEK, Millions) Discounted @ 6.46% SEK1.8k SEK1.8k SEK1.8k SEK1.7k SEK1.6k SEK1.6k SEK1.5k SEK1.4k SEK1.4k SEK1.3k ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= SEK15.8b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = kr2.4b × (1 + 0.4%) ÷ (6.5% – 0.4%) = kr40b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = SEKkr40b ÷ ( 1 + 6.5%)10 = SEK21.47b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is SEK37.28b.

Simply Wall St -

Is Indutrade AB (publ)'s (STO:INDT) 22% ROE Better Than Average?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Indutrade: 22% = kr1.4b ÷ kr6.5b (Based on the trailing twelve months to June 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … Combining Indutrade's Debt And Its 22% Return On Equity Indutrade clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 1.03.

Simply Wall St -

Did You Miss Indutrade's (STO:INDT) Impressive 169% Share Price Gain?

One great example is Indutrade AB (publ) (STO:INDT) which saw its share price drive 169% higher over five years. … There will continue to be wide discrepancies between price and value in the marketplace...' By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Indutrade achieved compound earnings per share (EPS) growth of 18% per year.

Simply Wall St -

Does Indutrade AB (publ) (STO:INDT) Have A Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … View our latest analysis for Indutrade What we can learn from INDT's beta value With a beta of 1.0, (which is quite close to 1) the share price of Indutrade has historically been about as voltile as the broader market. … What this means for you: Indutrade has a beta value quite close to that of the overall market.

Simply Wall St -

What To Know Before Buying Indutrade AB (publ) (STO:INDT) For Its Dividend

Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends. … Conclusion To summarise, shareholders should always check that Indutrade's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Have Investors Priced In Indutrade AB (publ)'s (STO:INDT) Growth?

Indutrade AB (publ) (STO:INDT) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of SEK295 is based on unrealistic expectations. … Indutrade is available at price-to-earnings ratio of 25.02x, showing us it is overvalued based on current earnings compared to the Trade Distributors industry average of 14.93x , and overvalued compared to the SE market average ratio of 16.73x. … But, to properly examine the value of a high-growth stock such as Indutrade, we must reflect its earnings growth into the valuation.

Simply Wall St -

Indutrade AB (publ) (STO:INDT) Has Attractive Fundamentals

This indicates that INDT has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. … INDT appears to have made good use of debt, producing operating cash levels of 0.29x total debt in the prior year. … Dividend Income vs Capital Gains: Does INDT return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

Simply Wall St -

Estimating The Fair Value Of Indutrade AB (publ) (STO:INDT)

Today we will run through one way of estimating the intrinsic value of Indutrade AB (publ) (STO:INDT) by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (SEK, Millions) SEK1.61k SEK1.87k SEK2.06k SEK2.21k SEK2.32k SEK2.41k SEK2.48k SEK2.53k SEK2.57k SEK2.60k Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x3 Est @ 7.14% Est @ 5.13% Est @ 3.72% Est @ 2.73% Est @ 2.04% Est @ 1.56% Est @ 1.22% Present Value (SEK, Millions) Discounted @ 6.41% SEK1.52k SEK1.65k SEK1.71k SEK1.72k SEK1.70k SEK1.66k SEK1.60k SEK1.54k SEK1.47k SEK1.40k Present Value of 10-year Cash Flow (PVCF)= SEK15.97b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 0.4%.

Simply Wall St -

At kr283, Is Indutrade AB (publ) (STO:INDT) Worth Looking At Closely?

It’s trading around 13% below my intrinsic value, which means if you buy Indutrade today, you’d be paying a reasonable price for it. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … Will you have enough confidence to invest in the company should the price drop below its fair value?

Simply Wall St -

Is Indutrade AB (publ)'s (STO:INDT) Balance Sheet Strong Enough To Weather A Storm?

Today we will look at INDT’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Indutrade

Simply Wall St -

INDT Company Info

Description

Indutrade AB (publ) markets and sells components, systems, and services to various industries worldwide. The company operates through eight business areas: Benelux, DACH, Finland, Flow Technology, Fluids & Mechanical Solutions, Industrial Components, Measurement & Sensor Technology, and UK. It is involved in the sale of components, as well as the customization, combination, and installation of products from various suppliers. The company also offers components and systems for controlling, measuring, monitoring, and regulating flows. In addition, it provides hydraulic and mechanical components, as well as offers a range of components and systems for industrial production and maintenance, and medical technology equipment. Further, the company provides measurement instruments, measurement systems, sensors, control and regulating technology, and monitoring equipment. Additionally, it offers custom-manufactured niche products, design solutions, aftermarket and assembly services, and customization services. The company valves, hydraulic and industrial equipment, measurement and process technology, automation products, construction materials, service, filters, pipes and pipe systems, tools and transmission, industrial springs, water and wastewater fittings, steel profiles, compressors, folding and movable walls, product labelling, construction plastics, chemical technology, fasteners, electronics, vehicles, energy, springs, piston rings, press work, and valve channels. Indutrade AB (publ) was founded in 1978 and is headquartered in Stockholm, Sweden.

Details
Name: Indutrade AB (publ)
INDT
Exchange: OM
Founded: 1978
SEK37,875,957,000
120,855,000
Website: http://www.indutrade.se
Address: Indutrade AB (publ)
Raseborgsgatan 9,
Box 6044,
Stockholm,
Stockholm County, 164 06,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM INDT Share Capital OMX Nordic Exchange Stockholm SE SEK 05. Oct 2005
OTCPK IDDW.F Share Capital Pink Sheets LLC US USD 05. Oct 2005
DB I1M Share Capital Deutsche Boerse AG DE EUR 05. Oct 2005
LSE 0H30 Share Capital London Stock Exchange GB SEK 05. Oct 2005
BATS-CHIXE INDTs Share Capital BATS 'Chi-X Europe' GB SEK 05. Oct 2005
Number of employees
Current staff
Staff numbers
7,388
Indutrade employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:52
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/10/25
Last earnings reported: 2019/09/30
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.