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Capacent Holding

OM:CAPAC
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAPAC
OM
SEK57M
Market Cap
  1. Home
  2. SE
  3. Commercial Services
Company description

Capacent Holding AB (publ) provides consulting services to industrial and service companies, B2B and B2C, private equity firms, financial institutions, and public sector entities. The last earnings update was 45 days ago. More info.


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  • Capacent Holding has significant price volatility in the past 3 months.
CAPAC Share Price and Events
7 Day Returns
10%
OM:CAPAC
1.6%
SE Professional Services
0.3%
SE Market
1 Year Returns
-61.3%
OM:CAPAC
-15.5%
SE Professional Services
-13.2%
SE Market
CAPAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capacent Holding (CAPAC) 10% -21.1% -49.3% -61.3% -53% -
SE Professional Services 1.6% -33.2% -33.3% -15.5% -15.2% 10.8%
SE Market 0.3% -19.3% -23.1% -13.2% -14.7% -16.1%
1 Year Return vs Industry and Market
  • CAPAC underperformed the Professional Services industry which returned -15.5% over the past year.
  • CAPAC underperformed the Market in Sweden which returned -13.2% over the past year.
Price Volatility
CAPAC
Industry
5yr Volatility vs Market

CAPAC Value

 Is Capacent Holding 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 Capacent Holding 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 Capacent Holding.

OM:CAPAC 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 6.3%
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:CAPAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.774 (1 + (1- 22%) (95.1%))
1.233
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (1.233 * 5.44%)
6.29%

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

The calculations below outline how an intrinsic value for Capacent Holding 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:CAPAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.29%)
2020 24.00 Analyst x1 22.58
2021 24.00 Analyst x1 21.24
2022 24.00 Analyst x1 19.99
2023 23.97 Est @ -0.13% 18.78
2024 23.92 Est @ -0.21% 17.63
2025 23.85 Est @ -0.28% 16.54
2026 23.78 Est @ -0.32% 15.52
2027 23.69 Est @ -0.35% 14.55
2028 23.61 Est @ -0.37% 13.64
2029 23.51 Est @ -0.39% 12.78
Present value of next 10 years cash flows SEK173.00
OM:CAPAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK23.51 × (1 + -0.42%) ÷ (6.29% – -0.42%)
SEK349.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK349.13 ÷ (1 + 6.29%)10
SEK189.75
OM:CAPAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK173.00 + SEK189.75
SEK362.75
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK362.75 / 2.72
SEK133.58
OM:CAPAC Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK133.58
Current discount Discount to share price of SEK20.90
= -1 x (SEK20.90 - SEK133.58) / SEK133.58
84.4%

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

Current Discount
Amount off the current price Capacent Holding is available for.
Intrinsic value
>50%
Share price is SEK20.9 vs Future cash flow value of SEK133.58
Current Discount Checks
For Capacent Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capacent Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capacent Holding'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 Capacent Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capacent Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:CAPAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK0.95
OM:CAPAC Share Price ** OM (2020-04-03) in SEK SEK20.9
Sweden Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 18.03x
Sweden Market PE Ratio Median Figure of 356 Publicly-Listed Companies 14.42x

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

** Primary Listing of Capacent Holding.

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

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

= 20.9 ÷ 0.95

21.98x

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

  • Capacent Holding is overvalued based on earnings compared to the SE Professional Services industry average.
  • Capacent Holding is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Capacent Holding's expected growth come at a high price?
Raw Data
OM:CAPAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
42%per year
Sweden Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 0.63x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.98x ÷ 42%

0.52x

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

  • Capacent Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Capacent Holding's assets?
Raw Data
OM:CAPAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK39.11
OM:CAPAC Share Price * OM (2020-04-03) in SEK SEK20.9
Sweden Professional Services Industry PB Ratio Median Figure of 16 Publicly-Listed Professional Services Companies 1.7x
Sweden Market PB Ratio Median Figure of 772 Publicly-Listed Companies 2.13x
OM:CAPAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.9 ÷ 39.11

0.53x

* Primary Listing of Capacent Holding.

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

  • Capacent Holding is good value based on assets compared to the SE Professional Services industry average.
X
Value checks
We assess Capacent Holding'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 Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Capacent Holding has a total score of 4/6, 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.

CAPAC Future Performance

 How is Capacent Holding 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
42%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capacent Holding expected to grow at an attractive rate?
  • Capacent Holding's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Capacent Holding's earnings growth is expected to exceed the Sweden market average.
  • Capacent Holding's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:CAPAC Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:CAPAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 42%
OM:CAPAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.5%
Sweden Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 19.6%
Sweden Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 4%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.3%
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:CAPAC 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:CAPAC Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 309 30 13 1
2021-12-31 293 30 10 1
2020-12-31 283 29 7 1
OM:CAPAC Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 260 3 3
2019-09-30 265 11 5
2019-06-30 272 6 12
2019-03-31 271 18 10
2018-12-31 264 22 12
2018-09-30 253 12 13
2018-06-30 236 25 10
2018-03-31 222 9 9
2017-12-31 200 10 3
2017-09-30 172 -1 -1
2017-06-30 158 -2 1
2017-03-31 147 8 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capacent Holding's earnings are expected to grow significantly at over 20% yearly.
  • Capacent Holding's revenue is expected to grow by 5.5% 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:CAPAC 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 Capacent Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CAPAC Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 4.65 4.65 4.65 1.00
2021-12-31 3.70 3.70 3.70 1.00
2020-12-31 2.52 2.52 2.52 1.00
OM:CAPAC Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 0.95
2019-09-30 1.85
2019-06-30 4.35
2019-03-31 3.59
2018-12-31 4.24
2018-09-30 4.78
2018-06-30 3.56
2018-03-31 3.39
2017-12-31 1.24
2017-09-30 -0.28
2017-06-30 0.48
2017-03-31 1.66

*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.
  • Capacent Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capacent Holding'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.
Capacent Holding 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.

CAPAC Past Performance

  How has Capacent Holding 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 Capacent Holding's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Capacent Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Capacent Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Capacent Holding's 1-year earnings growth is negative, it can't be compared to the SE Professional Services industry average.
Earnings and Revenue History
Capacent Holding'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 Capacent Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CAPAC Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 259.68 2.58 55.52
2019-09-30 265.23 5.03 52.74
2019-06-30 272.04 11.80 52.81
2019-03-31 270.55 9.76 57.80
2018-12-31 263.84 11.51 59.29
2018-09-30 253.13 12.99 56.14
2018-06-30 235.68 9.68 49.31
2018-03-31 221.91 9.21 44.01
2017-12-31 200.40 3.35 41.99
2017-09-30 171.77 -0.74 34.42
2017-06-30 157.76 1.28 30.70
2017-03-31 146.55 4.40 25.93
2016-12-31 142.93 8.21 19.83
2016-09-30 150.77 11.90 20.23
2016-06-30 154.18 12.14 21.20
2016-03-31 156.31 13.48 21.04
2015-12-31 153.92 13.54 21.06
2015-09-30 144.62 10.90 20.62
2015-06-30 145.08 11.61 19.05
2015-03-31 138.59 9.83 19.35
2014-12-31 138.31 9.79 20.18
2013-12-31 120.64 -0.17 20.69

*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.
  • Capacent Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capacent Holding used its assets less efficiently than the SE Professional Services industry average last year based on Return on Assets.
  • Capacent Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Capacent Holding'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 Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Capacent Holding has a total score of 0/6, 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.

CAPAC Health

 How is Capacent Holding'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 Capacent Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capacent Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Capacent Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Capacent Holding'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.
  • Debt is covered by short term assets, assets are 3.8x 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 Capacent Holding Company Filings, last reported 3 months ago.

OM:CAPAC Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 106.79 17.31 4.68
2019-09-30 103.67 22.43 4.73
2019-06-30 110.11 13.02 8.55
2019-03-31 115.86 6.50 12.02
2018-12-31 114.22 7.18 14.82
2018-09-30 108.83 18.49 7.26
2018-06-30 110.78 6.98 10.83
2018-03-31 111.71 9.56 5.36
2017-12-31 104.91 14.03 5.64
2017-09-30 96.39 17.47 1.00
2017-06-30 100.53 15.89 1.01
2017-03-31 108.02 8.89 6.72
2016-12-31 104.69 2.00 6.37
2016-09-30 101.16 2.50 8.84
2016-06-30 101.87 3.00 11.64
2016-03-31 111.33 3.50 19.00
2015-12-31 108.13 4.00 19.61
2015-09-30 102.38 4.00 5.20
2015-06-30 102.29 4.00 4.81
2015-03-31 101.70 4.31 6.28
2014-12-31 101.70 4.31 6.28
2013-12-31 89.90 17.94 1.50
  • Capacent Holding's level of debt (16.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.2% vs 16.2% today).
  • Debt is not well covered by operating cash flow (15.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Capacent Holding'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. Capacent Holding has a total score of 2/6, 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.

CAPAC Dividends

 What is Capacent Holding'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 Capacent Holding dividends. Estimated to be 13.08% next year.
If you bought SEK2,000 of Capacent Holding 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 Capacent Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Capacent Holding'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:CAPAC 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
Sweden Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.3%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 224 Stocks 4%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1%
Sweden Bottom 25% Dividend Yield 25th Percentile 2.1%
Sweden Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

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

OM:CAPAC Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.50 1.00
2021-12-31 2.80 1.00
2020-12-31 1.90 1.00
OM:CAPAC Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.000 0.000
2020-02-20 0.000 0.000
2019-03-21 3.000 6.629
2019-02-15 3.000 5.640
2018-03-22 1.000 2.092
2018-02-20 1.000 2.524
2017-03-10 3.000 8.041
2017-02-23 3.000 6.303
2016-04-07 5.000 9.594
2016-03-11 5.000 8.446

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

  • Unable to perform a dividend volatility check as Capacent Holding has not reported any payouts.
  • Unable to verify if Capacent Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Capacent Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Capacent Holding has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Capacent Holding'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 Capacent Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capacent Holding 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.

CAPAC Management

 What is the CEO of Capacent Holding'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
Edvard Björkenheim
COMPENSATION SEK1,987,000
AGE 49
CEO Bio

Mr. Edvard Björkenheim serves as Chief Executive Officer at Capacent Holding AB (publ) and has been it's President. He was Group Managing Director at since 2014. Mr. Björkenheim has been Managing Director of Capacent Finland since 2008. He was an Advisor at Abovo Consulting and Treasury Dealer at Fazer. He serves as Director at Berner Oy. He holds M.S. in Finance from Hanken Svenska Handelshögskolan in 1995.

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

Edvard Björkenheim

TITLE
President & CEO
COMPENSATION
SEK2M
AGE
49

Mattias Ek

TITLE
Chief Financial Officer
AGE
47
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Capacent Holding board of directors in years:

2.7
Average Tenure
55
Average Age
  • The average tenure for the Capacent Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Joakim Hörwing

TITLE
Chairman of the Board
AGE
54
TENURE
1.3 yrs

Per Lindholm

TITLE
Independent Director
COMPENSATION
SEK125K
AGE
75
TENURE
8.3 yrs

Per Granath

TITLE
Independent Director
COMPENSATION
SEK125K
AGE
65
TENURE
4.1 yrs

Cecilia Lager

TITLE
Independent Director
COMPENSATION
SEK125K
AGE
56
TENURE
4.1 yrs

Anna Gernandt

TITLE
Board Member
AGE
38
TENURE
1.3 yrs

Ilgi Duran

TITLE
Independent Director
AGE
32
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Capacent Holding individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
01. Apr 20 Buy Edvard Björkenheim Individual 27. Mar 20 27. Mar 20 10,000 SEK18.08 SEK180,800
30. Mar 20 Buy Joakim Hörwing Individual 27. Mar 20 27. Mar 20 30,000 SEK18.08 SEK542,400
21. May 19 Buy Edvard Björkenheim Individual 20. May 19 20. May 19 3,000 SEK46.00 SEK138,000
X
Management checks
We assess Capacent Holding'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. Capacent Holding 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.

CAPAC News

Simply Wall St News

Capacent Holding AB (publ) (STO:CAPAC): Can Growth Justify Its September Share Price?

Capacent Holding is poised for significantly high earnings growth in the near future. … A PE ratio of 12.72x and expected year-on-year earnings growth of 24% give Capacent Holding a very low PEG ratio of 0.53x. … So, when we include the growth factor in our analysis, Capacent Holding appears relatively cheap , based on the fundamentals.

Simply Wall St -

Here’s why Capacent Holding AB (publ)’s (STO:CAPAC) Returns On Capital Matters So Much

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 Capacent Holding: 0.11 = kr16m ÷ (kr216m - kr72m) (Based on the trailing twelve months to March 2019.) So, Capacent Holding has an ROCE of 11%. … 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. … What We Can Learn From Capacent Holding's ROCE Capacent Holding's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Should Capacent Holding AB (publ) (STO:CAPAC) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Capacent Holding AB (publ) (STO:CAPAC) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. Capacent Holding yields a solid 6.1%, although it has only been paying for three years. It's certainly an attractive yield, but readers are likely curious about its staying power. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Click the interactive chart for our full dividend analysis OM:CAPAC Historical Dividend Yield, August 9th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Looking at the data, we can see that 84% of Capacent Holding's profits were paid out as dividends in the last 12 months. It's paying out most of its earnings, which limits the amount that can be reinvested in the business. This may indicate limited need for further capital within the business, or highlight a commitment to paying a dividend. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Capacent Holding paid out 20% of its free cash flow as dividends last year, which is conservative and suggests the dividend is sustainable. It's positive to see that Capacent Holding's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Dividend Volatility From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. This company's dividend has been unstable, and with a relatively short history, we think it's a little soon to draw strong conclusions about its long term dividend potential. During the past three-year period, the first annual payment was kr5.00 in 2016, compared to kr3.00 last year. The dividend has fallen 40% over that period. When a company's per-share dividend falls we question if this reflects poorly on either external business conditions, or the company's capital allocation decisions. Either way, we find it hard to get excited about a company with a declining dividend. Dividend Growth Potential Given that dividend payments have been shrinking like a glacier in a warming world, we need to check if there are some bright spots on the horizon. Over the past five years, it looks as though Capacent Holding's EPS have declined at around 20% a year. A sharp decline in earnings per share is not great from from a dividend perspective, as even conservative payout ratios can come under pressure if earnings fall far enough. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … First, we think Capacent Holding has an acceptable payout ratio and its dividend is well covered by cashflow. … Ultimately, Capacent Holding comes up short on our dividend analysis.

Simply Wall St -

Should You Be Worried About Capacent Holding AB (publ)'s (STO:CAPAC) 8.4% Return On Equity?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Capacent Holding: 8.4% = kr9.8m ÷ kr116m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Capacent Holding Have A Good Return On Equity? … Combining Capacent Holding's Debt And Its 8.4% Return On Equity While Capacent Holding does have a tiny amount of debt, with debt to equity of just 0.056, we think the use of debt is very modest.

Simply Wall St -

We Think Capacent Holding (STO:CAPAC) Can Stay On Top Of Its Debt

You can click the graphic below for the historical numbers, but it shows that Capacent Holding had kr6.50m of debt in March 2019, down from kr9.56m, one year before However, its balance sheet shows it holds kr12.0m in cash, so it actually has kr5.52m net cash. … While Capacent Holding has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … During the last three years, Capacent Holding generated free cash flow amounting to a very robust 83% of its EBIT, more than we'd expect.

Simply Wall St -

Is Capacent Holding AB (publ)'s (STO:CAPAC) P/E Ratio Really That Good?

We'll apply a basic P/E ratio analysis to Capacent Holding AB (publ)'s (STO:CAPAC), to help you decide if the stock is worth further research. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Capacent Holding: P/E of 13.72 = SEK49.3 ÷ SEK3.59 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … OM:CAPAC Price Estimation Relative to Market, July 15th 2019 Its relatively low P/E ratio indicates that Capacent Holding shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

How Much Are Capacent Holding AB (publ) (STO:CAPAC) Insiders Spending On Buying Shares?

Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. … Capacent Holding insiders own about kr70m worth of shares (which is 51% of the company). … Once you factor in the high insider ownership, it certainly seems like insiders are positive about Capacent Holding.

Simply Wall St -

Could The Capacent Holding AB (publ) (STO:CAPAC) Ownership Structure Tell Us Something Useful?

With a market capitalization of kr125m, Capacent Holding is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Capacent Holding OM:CAPAC Ownership Summary, June 17th 2019 What Does The Lack Of Institutional Ownership Tell Us About Capacent Holding? … Insider Ownership Of Capacent Holding The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Are Capacent Holding AB (publ)’s (STO:CAPAC) Returns On Investment Worth Your While?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Capacent Holding AB (publ) (STO:CAPAC) A Smart Pick For Income Investors?

Is Capacent Holding AB (publ) (STO:CAPAC) a good dividend stock? … With a four-year payment history and a 5.2% yield, many investors probably find Capacent Holding intriguing. … There are a few simple ways to reduce the risks of buying Capacent Holding for its dividend, and we'll go through these below.

Simply Wall St -

CAPAC Company Info

Description

Capacent Holding AB (publ) provides consulting services to industrial and service companies, B2B and B2C, private equity firms, financial institutions, and public sector entities. Its services include strategy and organization, finance and performance management, operations excellence, working capital management, market and customer excellence, pricing and revenue management, and business analytics. The company was formerly known as ABB Financial Consulting. Capacent Holding AB (publ) is headquartered in Stockholm, Sweden.

Details
Name: Capacent Holding AB (publ)
CAPAC
Exchange: OM
Founded:
SEK56,756,040
2,715,600
Website: http://capacent.com
Address: Capacent Holding AB (publ)
Hamngatan 15,
PO Box 7715,
Stockholm,
Stockholm County, 103 95,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CAPAC Common Shares OMX Nordic Exchange Stockholm SE SEK 02. Oct 2015
Number of employees
Current staff
Staff numbers
0
Capacent Holding employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 01:58
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/26
Last earnings filing: 2020/02/20
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.