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SJR in Scandinavia

OM:SJR B
Snowflake Description

Undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SJR B
OM
SEK193M
Market Cap
  1. Home
  2. SE
  3. Commercial Services
Company description

SJR in Scandinavia AB (publ) provides recruitment and consultancy services for IT, finance, HR, and supply chain sectors in Sweden. The last earnings update was 49 days ago. More info.


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  • SJR in Scandinavia has significant price volatility in the past 3 months.
SJR B Share Price and Events
7 Day Returns
9.9%
OM:SJR B
6.8%
SE Professional Services
1.1%
SE Market
1 Year Returns
-63.3%
OM:SJR B
-10.6%
SE Professional Services
-9.8%
SE Market
SJR B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SJR in Scandinavia (SJR B) 9.9% -33.5% -49.3% -63.3% -54% -48.8%
SE Professional Services 6.8% -24.7% -31.1% -10.6% -12.3% 15.6%
SE Market 1.1% -12.7% -20.4% -9.8% -11.4% -12.8%
1 Year Return vs Industry and Market
  • SJR B underperformed the Professional Services industry which returned -10.6% over the past year.
  • SJR B underperformed the Market in Sweden which returned -9.8% over the past year.
Price Volatility
SJR B
Industry
5yr Volatility vs Market

SJR B Value

 Is SJR in Scandinavia 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 SJR in Scandinavia 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 SJR in Scandinavia.

OM:SJR B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.3%
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:SJR B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.793 (1 + (1- 22%) (0.57%))
0.863
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (0.863 * 5.44%)
4.28%

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

The calculations below outline how an intrinsic value for SJR in Scandinavia 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:SJR B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 4.28%)
2020 9.00 Analyst x1 8.63
2021 34.00 Analyst x1 31.27
2022 37.00 Analyst x1 32.63
2023 38.97 Est @ 5.32% 32.96
2024 40.37 Est @ 3.6% 32.74
2025 41.34 Est @ 2.39% 32.15
2026 41.98 Est @ 1.55% 31.31
2027 42.38 Est @ 0.96% 30.31
2028 42.61 Est @ 0.54% 29.23
2029 42.72 Est @ 0.26% 28.10
Present value of next 10 years cash flows SEK289.00
OM:SJR B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK42.72 × (1 + -0.42%) ÷ (4.28% – -0.42%)
SEK905.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK905.59 ÷ (1 + 4.28%)10
SEK595.71
OM:SJR B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK289.00 + SEK595.71
SEK884.71
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK884.71 / 10.70
SEK82.68
OM:SJR B Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK82.68
Current discount Discount to share price of SEK18.62
= -1 x (SEK18.62 - SEK82.68) / SEK82.68
77.5%

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

Current Discount
Amount off the current price SJR in Scandinavia is available for.
Intrinsic value
>50%
Share price is SEK18.62 vs Future cash flow value of SEK82.68
Current Discount Checks
For SJR in Scandinavia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SJR in Scandinavia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SJR in Scandinavia'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 SJR in Scandinavia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SJR in Scandinavia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:SJR B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK1.72
OM:SJR B Share Price ** OM (2020-04-07) in SEK SEK18.62
Sweden Professional Services Industry PE Ratio Median Figure of 11 Publicly-Listed Professional Services Companies 18.88x
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 SJR in Scandinavia.

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

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

= 18.62 ÷ 1.72

10.84x

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

  • SJR in Scandinavia is good value based on earnings compared to the SE Professional Services industry average.
  • SJR in Scandinavia is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does SJR in Scandinavia's expected growth come at a high price?
Raw Data
OM:SJR B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20.6%per year
Sweden Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 0.71x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.84x ÷ 20.6%

0.53x

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

  • SJR in Scandinavia is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SJR in Scandinavia's assets?
Raw Data
OM:SJR B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK5.15
OM:SJR B Share Price * OM (2020-04-07) in SEK SEK18.62
Sweden Professional Services Industry PB Ratio Median Figure of 16 Publicly-Listed Professional Services Companies 1.75x
Sweden Market PB Ratio Median Figure of 775 Publicly-Listed Companies 2.17x
OM:SJR B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 18.62 ÷ 5.15

3.62x

* Primary Listing of SJR in Scandinavia.

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

  • SJR in Scandinavia is overvalued based on assets compared to the SE Professional Services industry average.
X
Value checks
We assess SJR in Scandinavia'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. SJR in Scandinavia has a total score of 5/6, 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.

SJR B Future Performance

 How is SJR in Scandinavia 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
20.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SJR in Scandinavia expected to grow at an attractive rate?
  • SJR in Scandinavia's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SJR in Scandinavia's earnings growth is expected to exceed the Sweden market average.
  • SJR in Scandinavia's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:SJR B Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:SJR B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20.6%
OM:SJR B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.4%
Sweden Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Sweden Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
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:SJR B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:SJR B Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 472 40 37 1
2021-12-31 453 37 33 1
2020-12-31 431 34 29 1
OM:SJR B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 415 21 18
2019-09-30 407 27 19
2019-06-30 398 17 19
2019-03-31 397 24 25
2018-12-31 396 33 29
2018-09-30 397 27 32
2018-06-30 395 26 32
2018-03-31 392 20 32
2017-12-31 384 20 31
2017-09-30 374 25 31
2017-06-30 365 29 30
2017-03-31 356 36 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SJR in Scandinavia's earnings are expected to grow significantly at over 20% yearly.
  • SJR in Scandinavia's revenue is expected to grow by 4.4% 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:SJR B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from SJR in Scandinavia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SJR B Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.38 3.38 3.38 1.00
2021-12-31 3.08 3.08 3.08 1.00
2020-12-31 2.64 2.64 2.64 1.00
OM:SJR B Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 1.72
2019-09-30 1.79
2019-06-30 1.76
2019-03-31 2.40
2018-12-31 2.76
2018-09-30 3.03
2018-06-30 3.06
2018-03-31 3.05
2017-12-31 2.97
2017-09-30 2.92
2017-06-30 2.84
2017-03-31 2.76

*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.
  • SJR in Scandinavia is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess SJR in Scandinavia'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.
SJR in Scandinavia has a total score of 5/6, see the detailed checks below.

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

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

SJR B Past Performance

  How has SJR in Scandinavia 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 SJR in Scandinavia'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.
  • SJR in Scandinavia's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SJR in Scandinavia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SJR in Scandinavia's 1-year earnings growth is negative, it can't be compared to the SE Professional Services industry average.
Earnings and Revenue History
SJR in Scandinavia'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 SJR in Scandinavia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:SJR B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 414.70 18.20
2019-09-30 407.46 18.91 29.91
2019-06-30 397.66 18.61 29.91
2019-03-31 396.76 25.31 29.91
2018-12-31 395.96 29.01 29.91
2018-09-30 396.81 31.83 24.42
2018-06-30 395.31 32.13 24.42
2018-03-31 391.61 32.03 24.42
2017-12-31 383.91 31.23 24.42
2017-09-30 374.05 30.68 23.25
2017-06-30 364.75 29.78 23.25
2017-03-31 355.65 28.98 23.25
2016-12-31 341.15 27.68 23.25
2016-09-30 339.05 28.11 27.72
2016-06-30 333.65 27.61 27.72
2016-03-31 328.65 27.31 27.72
2015-12-31 328.05 27.11 27.72
2015-09-30 318.45 24.91 22.97
2015-06-30 313.85 24.21 22.97
2015-03-31 304.35 23.21 22.97
2014-12-31 297.05 22.91 22.97
2014-09-30 288.30 23.28 22.89
2014-06-30 272.70 21.28 22.89
2014-03-31 260.90 19.48 22.89
2013-12-31 246.30 16.78 22.89
2013-09-30 232.93 12.65 21.19
2013-06-30 228.73 12.45 21.19

*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.
  • SJR in Scandinavia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SJR in Scandinavia used its assets more efficiently than the SE Professional Services industry average last year based on Return on Assets.
  • SJR in Scandinavia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SJR in Scandinavia'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.
SJR in Scandinavia has a total score of 2/6, see the detailed checks below.

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

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

SJR B Health

 How is SJR in Scandinavia'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 SJR in Scandinavia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SJR in Scandinavia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SJR in Scandinavia has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SJR in Scandinavia'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 92.4x 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 SJR in Scandinavia Company Filings, last reported 3 months ago.

OM:SJR B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 55.10 1.10 24.70
2019-09-30 50.70 6.60 18.10
2019-06-30 42.90 6.20 11.30
2019-03-31 74.10 0.00 34.00
2018-12-31 59.67 0.00 41.41
2018-09-30 54.60 0.00 24.30
2018-06-30 47.10 0.00 28.70
2018-03-31 70.00 0.00 50.30
2017-12-31 61.02 0.00 41.23
2017-09-30 53.20 0.00 30.70
2017-06-30 45.50 0.00 34.90
2017-03-31 64.80 0.00 58.90
2016-12-31 56.56 0.00 49.04
2016-09-30 49.20 0.00 34.60
2016-06-30 42.50 0.00 34.90
2016-03-31 61.70 0.00 51.10
2015-12-31 54.78 0.00 48.14
2015-09-30 47.10 0.00 36.70
2015-06-30 40.80 0.00 34.20
2015-03-31 56.10 0.00 48.00
2014-12-31 49.37 0.00 39.95
2014-09-30 43.90 0.00 29.90
2014-06-30 38.30 0.00 25.80
2014-03-31 48.60 0.00 38.30
2013-12-31 42.23 0.00 33.26
2013-09-30 35.60 0.00 25.90
2013-06-30 32.00 0.00 17.50
  • SJR in Scandinavia's level of debt (2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if SJR in Scandinavia's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (1881.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 249x coverage).
X
Financial health checks
We assess SJR in Scandinavia'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. SJR in Scandinavia 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.

SJR B Dividends

 What is SJR in Scandinavia'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
8.59%
Current annual income from SJR in Scandinavia dividends. Estimated to be 14.86% next year.
If you bought SEK2,000 of SJR in Scandinavia shares you are expected to receive SEK172 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?
  • SJR in Scandinavia's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (2.07%).
  • SJR in Scandinavia's dividend is above the markets top 25% of dividend payers in Sweden (6.02%).
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:SJR B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Sweden Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.2%
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:SJR B Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.10 1.00
2021-12-31 2.80 1.00
2020-12-31 2.40 1.00
OM:SJR B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-18 1.600 7.465
2019-03-29 3.000 8.684
2019-02-15 3.000 6.275
2018-03-29 2.900 5.952
2018-02-22 2.900 6.143
2017-02-22 2.550 6.001
2017-02-21 2.550 6.332
2016-02-19 2.467 6.731
2016-02-18 2.467 6.670
2015-05-06 2.067 5.990
2015-02-17 2.067 5.849
2014-02-26 1.500 5.229
2014-02-24 1.500 6.241
2013-03-28 1.167 6.192
2013-02-19 1.167 6.304
2012-02-29 1.600 9.342
2011-02-15 1.333 7.378
2010-03-31 0.250 2.093
2010-02-17 0.250 3.292

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 SJR in Scandinavia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess SJR in Scandinavia'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 SJR in Scandinavia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SJR in Scandinavia 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.

SJR B Management

 What is the CEO of SJR in Scandinavia'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
Per Ogunro
COMPENSATION SEK2,387,000
AGE 58
CEO Bio

Mr. Per Ogunro serves as the Chief Executive Officer of SJR In Scandinavia AB and has been its Director since 1993.

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

Per Ogunro

TITLE
CEO & Director
COMPENSATION
SEK2M
AGE
58

Marie Wiklund

TITLE
Chief Executive Officer

Elin Åkerlund

TITLE
Chief Financial Officer
AGE
39
TENURE
17.3 yrs

Kent Sangler

TITLE
Chief Operating Officer
AGE
56
TENURE
0.7 yrs

Michaela Björsell

TITLE
Head of HR

Anders Eklund

TITLE
Head of IT Department - SW In Scandinavia
AGE
36

Rebecca Dellborg

TITLE
Head of Gothenburg Region
AGE
53

Fredrik Lidberg

TITLE
Deputy Chief Executive Officer
COMPENSATION
SEK813K
AGE
54

Åsa Andersson

TITLE
Chief Financial Officer of SW in Scandinavia
AGE
46
Board of Directors Tenure

Average tenure and age of the SJR in Scandinavia board of directors in years:

13.8
Average Tenure
58
Average Age
  • The average tenure for the SJR in Scandinavia board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Björn Sprängare

TITLE
Chairman
COMPENSATION
SEK200K
AGE
79
TENURE
20.3 yrs

Per Ogunro

TITLE
CEO & Director
COMPENSATION
SEK2M
AGE
58
TENURE
27.3 yrs

Fredrik Lidberg

TITLE
Deputy Chief Executive Officer
COMPENSATION
SEK813K
AGE
54
TENURE
27.3 yrs

Ingrid Engström

TITLE
Director
COMPENSATION
SEK135K
AGE
61
TENURE
7.3 yrs

Claes Ruthberg

TITLE
Director
COMPENSATION
SEK135K
AGE
65

Richard Hellekant

TITLE
Director
COMPENSATION
SEK285K
AGE
48
TENURE
3.3 yrs

Anna Batra

TITLE
Director
AGE
49
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • SJR in Scandinavia 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)
17. Mar 20 Buy Per Ogunro Individual 16. Mar 20 16. Mar 20 7,500 SEK16.91 SEK126,825
21. Feb 20 Sell Per Ogunro Individual 19. Feb 20 21. Feb 20 -50,000 SEK32.60 SEK-1,610,376
21. Sep 19 Buy Per Ogunro Individual 18. Sep 19 18. Sep 19 10,000 SEK26.60 SEK266,000
04. Oct 19 Buy Per Ogunro Individual 02. Oct 19 02. Oct 19 17,500 SEK27.83 SEK476,975
22. Aug 19 Buy Claes Ruthberg Individual 22. Aug 19 22. Aug 19 5,000 SEK28.01 SEK140,050
27. Jun 19 Buy Björn Sprängare Individual 23. May 19 27. May 19 6,259 SEK37.30 SEK229,496
X
Management checks
We assess SJR in Scandinavia'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. SJR in Scandinavia 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.

SJR B News

Simply Wall St News

How Does SJR in Scandinavia's (STO:SJR B) P/E Compare To Its Industry, After The Share Price Drop?

In the long term, share prices tend to follow earnings per share, but in the short term prices bounce around in response to short term factors (which are not always obvious). … Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio (PE Ratio). … The recent drop in earnings per share would make investors cautious, the relatively strong balance sheet will allow the company time to invest in growth.

Simply Wall St -

Claes Ruthberg Is The Director of SJR in Scandinavia AB (publ) (STO:SJR B) And They Just Spent kr140k On Shares

See our latest analysis for SJR in Scandinavia SJR in Scandinavia Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the CEO & Director, Per Ogunro, sold kr4.5m worth of shares at a price of kr45.95 per share. … OM:SJR B Recent Insider Trading, August 27th 2019 Insider Ownership of SJR in Scandinavia Many investors like to check how much of a company is owned by insiders. … While recent transactions indicate confidence in SJR in Scandinavia, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions.

Simply Wall St -

What Can We Make Of SJR in Scandinavia AB (publ)’s (STO:SJR B) High Return On Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … 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 SJR in Scandinavia: 0.45 = kr33m ÷ (kr146m - kr72m) (Based on the trailing twelve months to March 2019.) Therefore, SJR in Scandinavia has an ROCE of 45%. … Do SJR in Scandinavia's Current Liabilities Skew Its ROCE?

Simply Wall St -

Is SJR in Scandinavia AB (publ)'s (STO:SJR B) Growth Strong Enough To Justify Its August Share Price?

This tells us the stock is undervalued relative to the current SE market average of 16.03x , and undervalued based on its latest annual earnings update compared to the Professional Services average of 14.89x. … However, to be able to properly assess the value of a high-growth stock such as SJR in Scandinavia, we must incorporate its earnings growth in our valuation. … A PE ratio of 14.89x and expected year-on-year earnings growth of 17% give SJR in Scandinavia a low PEG ratio of 0.85x.

Simply Wall St -

Is SJR in Scandinavia AB (publ) (STO:SJR B) A Strong Dividend Stock?

SJR in Scandinavia paid out 147% of its free cash flow last year, suggesting the dividend is poorly covered by cash flow. … SJR in Scandinavia has grown its earnings per share at 8.5% per annum over the past five years. … Second, earnings per share have been essentially flat, and its history of dividend payments is chequered - having cut its dividend at least once in the past.

Simply Wall St -

Have Insiders Been Selling SJR in Scandinavia AB (publ) (STO:SJR B) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in SJR in Scandinavia AB (publ) (STO:SJR B). … OM:SJR B Recent Insider Trading, July 24th 2019 SJR in Scandinavia Insiders Bought Stock Recently There was some insider buying at SJR in Scandinavia over the last quarter. … Overall, we'd prefer see a more sustained buying from directors, but with a significant insider holding and more recent purchases, SJR in Scandinavia insiders are reasonably well aligned, and optimistic for the future.

Simply Wall St -

The SJR in Scandinavia (STO:SJR B) Share Price Is Up 45% And Shareholders Are Holding On

Over half a decade, SJR in Scandinavia managed to grow its earnings per share at 5.3% a year. … This EPS growth is slower than the share price growth of 7.7% per year, over the same period. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

Simply Wall St -

Is SJR in Scandinavia AB (publ)'s (STO:SJR B) 34% ROE Better Than Average?

Does SJR in Scandinavia Have A Good Return On Equity? … SJR in Scandinavia's Debt And Its 34% ROE One positive for shareholders is that SJR in Scandinavia does not have any net debt! … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Should You Be Concerned About SJR in Scandinavia AB (publ)'s (STO:SJR B) Historical Volatility?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … 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: One potential advantage of owning low beta stocks like SJR in Scandinavia is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

A Spotlight On SJR in Scandinavia AB (publ)'s (STO:SJR B) Fundamentals

Looking at the company as a whole, as a potential stock investment, I believe SJR B has a lot to offer. … Flawless balance sheet and undervalued Investors seeking high cash growth potential should consider SJR B, with forecasted operating cash flow growth of 73%. … This indicates that SJR B has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company.

Simply Wall St -

SJR B Company Info

Description

SJR in Scandinavia AB (publ) provides recruitment and consultancy services for IT, finance, HR, and supply chain sectors in Sweden. SJR in Scandinavia AB (publ) was founded in 1993 and is based in Stockholm, Sweden.

Details
Name: SJR in Scandinavia AB (publ)
SJR B
Exchange: OM
Founded: 1993
SEK192,600,000
10,700,000
Website: http://sjr.se
Address: SJR in Scandinavia AB (publ)
Humlegårdsgatan 20,
Stockholm,
Stockholm County, 114 46,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM SJR B Class B Shares OMX Nordic Exchange Stockholm SE SEK 07. Mar 2007
OM SJR B SHS OMX Nordic Exchange Stockholm SE SEK 07. Apr 2020
Number of employees
Current staff
Staff numbers
0
SJR in Scandinavia employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:41
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/02/19
Last earnings filing: 2020/02/18
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.