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Investor

OM:INVE A
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INVE A
OM
SEK391B
Market Cap
  1. Home
  2. SE
  3. Diversified Financials
Company description

Investor AB (publ) is a venture capital firm specializing in mature, buyouts and growth capital investments. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Investor is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
INVE A Share Price and Events
7 Day Returns
1.4%
OM:INVE A
1.3%
Europe Diversified Financial
0.5%
SE Market
1 Year Returns
32.2%
OM:INVE A
15.9%
Europe Diversified Financial
18.2%
SE Market
INVE A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Investor (INVE A) 1.4% 7.8% 16.5% 32.2% 66.5% 90.4%
Europe Diversified Financial 1.3% 7.3% 16.3% 15.9% 18.9% 48.6%
SE Market 0.5% 5.6% 14.4% 18.2% 17.9% 26.3%
1 Year Return vs Industry and Market
  • INVE A outperformed the Diversified Financial industry which returned 15.9% over the past year.
  • INVE A outperformed the Market in Sweden which returned 18.2% over the past year.
Price Volatility
INVE A
Industry
5yr Volatility vs Market

INVE A Value

 Is Investor 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 Investor 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 Investor.

OM:INVE A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= SEK439.68 * 10%
SEK44.01
Book Value of Equity per Share Median Book Value from the past 5 years. SEK439.68
Discount Rate (Cost of Equity) See below 5.7%
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:INVE A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 22%) (20.02%))
0.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.891 * 5.96%)
5.74%

Discounted Cash Flow Calculation for OM:INVE A using Excess Returns Model Model

The calculations below outline how an intrinsic value for Investor is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OM:INVE A Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 5.74%) * SEK439.68)
SEK18.76
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= SEK18.76 / (5.74% - 0.43%)
SEK353.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= SEK439.68 + SEK353.31
SEK792.99
OM:INVE A Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK792.99
Current discount Discount to share price of SEK506.00
= -1 x (SEK506.00 - SEK792.99) / SEK792.99
36.2%

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

Current Discount
Amount off the current price Investor is available for.
Intrinsic value
36%
Share price is SEK506 vs Future cash flow value of SEK792.99
Current Discount Checks
For Investor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Investor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Investor'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 Investor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Investor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:INVE A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK29.29
OM:INVE A Share Price ** OM (2019-11-14) in SEK SEK506
Europe Diversified Financial Industry PE Ratio Median Figure of 34 Publicly-Listed Diversified Financial Companies 15.88x
Sweden Market PE Ratio Median Figure of 352 Publicly-Listed Companies 18.14x

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

** Primary Listing of Investor.

OM:INVE A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 506 ÷ 29.29

17.28x

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

  • Investor is overvalued based on earnings compared to the Europe Diversified Financial industry average.
  • Investor is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Investor's expected growth come at a high price?
Raw Data
OM:INVE A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
33%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.98x
Sweden Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.28x ÷ 33%

0.52x

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

  • Investor is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Investor's assets?
Raw Data
OM:INVE A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK507.48
OM:INVE A Share Price * OM (2019-11-14) in SEK SEK506
Europe Diversified Financial Industry PB Ratio Median Figure of 51 Publicly-Listed Diversified Financial Companies 1.09x
Sweden Market PB Ratio Median Figure of 759 Publicly-Listed Companies 2.68x
OM:INVE A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 506 ÷ 507.48

1x

* Primary Listing of Investor.

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

  • Investor is good value based on assets compared to the Europe Diversified Financial industry average.
X
Value checks
We assess Investor'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Investor 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.

INVE A Future Performance

 How is Investor expected to perform in the next 1 to 3 years based on estimates from 2 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
33%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Investor expected to grow at an attractive rate?
  • Investor's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Investor's earnings growth is expected to exceed the Sweden market average.
  • Investor's revenues are expected to decrease over the next 1-3 years, this is below the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:INVE A Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:INVE A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 33%
OM:INVE A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -9.4%
Europe Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 21.5%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -1.1%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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:INVE A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:INVE A Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 43,507 38,007 2
2020-12-31 41,681 10,537 2
2019-12-31 42,438 19,573 2
2019-11-14
OM:INVE A Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 67,378 14,026 22,408
2019-06-30 71,803 13,235 27,398
2019-03-31 66,496 12,303 22,148
2018-12-31 40,477 11,934 -2,252
2018-09-30 82,201 12,087 41,835
2018-06-30 59,714 12,078 21,606
2018-03-31 53,849 10,609 18,323
2017-12-31 78,856 10,863 44,318
2017-09-30 86,279 11,200 54,508
2017-06-30 111,249 12,799 79,904
2017-03-31 103,356 9,644 73,760
2016-12-31 62,190 12,261 33,665

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Investor's earnings are expected to grow significantly at over 20% yearly.
  • Investor's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:INVE A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Investor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:INVE A Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 13.80 13.80 13.80 1.00
2019-12-31 13.60 13.60 13.60 1.00
2019-11-14
OM:INVE A Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 29.29
2019-06-30 35.81
2019-03-31 28.95
2018-12-31 -2.94
2018-09-30 54.70
2018-06-30 28.26
2018-03-31 23.96
2017-12-31 57.96
2017-09-30 71.29
2017-06-30 104.52
2017-03-31 96.54
2016-12-31 44.09

*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.
  • Investor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Investor'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Investor has a total score of 3/6, 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.

INVE A Past Performance

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

OM:INVE A 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 67,378.00 22,408.00 12,256.00
2019-06-30 71,803.00 27,398.00 12,128.00
2019-03-31 66,496.00 22,148.00 12,498.00
2018-12-31 40,477.00 -2,252.00 11,015.00
2018-09-30 82,201.00 41,835.00 11,577.00
2018-06-30 59,714.00 21,606.00 10,602.00
2018-03-31 53,849.00 18,323.00 9,893.00
2017-12-31 78,856.00 44,318.00 9,771.00
2017-09-30 86,279.00 54,508.00 8,648.00
2017-06-30 111,249.00 79,904.00 8,479.00
2017-03-31 103,356.00 73,760.00 8,076.00
2016-12-31 62,190.00 33,665.00 7,639.00
2016-09-30 67,784.00 39,195.00 7,427.00
2016-06-30 12,579.00 -14,401.00 7,216.00
2016-03-31 -505.00 -26,267.00 6,908.00
2015-12-31 41,782.00 17,433.00 6,583.00
2015-09-30 38,740.00 15,714.00 6,176.00
2015-06-30 74,648.00 52,515.00 5,993.00
2015-03-31 92,964.00 72,527.00 5,960.00
2014-12-31 70,565.00 50,656.00 5,906.00
2014-09-30 71,861.00 51,801.00 5,750.00
2014-06-30 73,238.00 56,128.00 5,569.00
2014-03-31 58,473.00 41,104.00 5,327.00
2013-12-31 62,014.00 45,165.00 5,050.00
2013-09-30 56,784.00 41,865.00 4,793.00
2013-06-30 50,726.00 32,997.00 4,601.00
2013-03-31 47,205.00 29,506.00 4,489.00
2012-12-31 42,007.00 24,226.00 4,521.00

*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.
  • Investor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Investor used its assets more efficiently than the Europe Diversified Financial industry average last year based on Return on Assets.
  • Investor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Investor'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 Diversified Financial 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.
Investor has a total score of 1/6, 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.

INVE A Health

 How is Investor'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 Investor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Investor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Investor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Investor'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 not covered by short term assets, assets are 0.5x 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 Investor Company Filings, last reported 1 month ago.

OM:INVE A Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 388,611.00 78,246.00 20,104.00
2019-06-30 366,509.00 75,707.00 15,995.00
2019-03-31 357,826.00 69,873.00 10,705.00
2018-12-31 327,690.00 67,651.00 14,215.00
2018-09-30 372,670.00 65,708.00 15,275.00
2018-06-30 348,017.00 66,408.00 13,786.00
2018-03-31 342,654.00 59,659.00 19,655.00
2017-12-31 336,326.00 57,722.00 20,716.00
2017-09-30 335,640.00 55,734.00 17,060.00
2017-06-30 331,302.00 56,419.00 19,065.00
2017-03-31 330,266.00 59,500.00 22,749.00
2016-12-31 300,141.00 54,944.00 16,390.00
2016-09-30 291,024.00 54,695.00 14,100.00
2016-06-30 259,300.00 52,267.00 16,534.00
2016-03-31 262,457.00 50,957.00 17,823.00
2015-12-31 271,977.00 52,395.00 15,095.00
2015-09-30 257,543.00 52,332.00 18,680.00
2015-06-30 279,598.00 51,654.00 15,890.00
2015-03-31 295,824.00 51,498.00 16,424.00
2014-12-31 260,993.00 51,193.00 16,338.00
2014-09-30 246,820.00 49,540.00 16,497.00
2014-06-30 232,519.00 45,848.00 13,220.00
2014-03-31 227,931.00 44,403.00 16,095.00
2013-12-31 215,966.00 42,119.00 11,865.00
2013-09-30 201,391.00 43,278.00 11,405.00
2013-06-30 183,241.00 47,452.00 7,100.00
2013-03-31 191,423.00 44,486.00 8,843.00
2012-12-31 175,106.00 46,418.00 10,481.00
  • Investor's level of debt (20.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20% vs 20.1% today).
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.3x coverage).
X
Financial health checks
We assess Investor'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. Investor has a total score of 3/6, 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.

INVE A Dividends

 What is Investor'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
2.57%
Current annual income from Investor dividends. Estimated to be 2.77% next year.
If you bought SEK2,000 of Investor shares you are expected to receive SEK51 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?
  • Investor's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.71%).
  • Investor's dividend is below the markets top 25% of dividend payers in Sweden (4.69%).
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:INVE A 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 2 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3%
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 4.7%

Industry and Market average data is calculated daily.

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

OM:INVE A Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 14.50 1.00
2020-12-31 14.00 1.00
2019-12-31 13.50 1.00
2019-11-14
OM:INVE A Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-29 13.000 2.883
2018-05-08 12.000 3.081
2017-05-03 11.000 2.878
2016-04-05 10.000 3.194
2015-04-01 9.000 2.972
2015-01-28 9.000 2.843
2014-05-07 8.000 3.161
2013-04-15 7.000 3.481
2012-03-16 6.000 4.113
2012-01-24 6.000 4.275
2011-03-14 5.000 3.850
2011-01-20 5.000 3.504
2010-03-15 4.000 3.056
2010-01-15 4.000 3.159
2009-03-09 4.000 3.374
2009-01-20 4.000 4.152

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Investor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Investor'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 Investor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Investor has a total score of 4/6, see the detailed checks below.


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

INVE A Management

 What is the CEO of Investor'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
Johan Forssell
COMPENSATION SEK20,270,000
AGE 48
TENURE AS CEO 4.5 years
CEO Bio

Mr. Johan Forssell, M.Sc., serves as Director at Patricia Industries since May 2015. He has been the Chief Executive Officer at Investor AB since May 12, 2015 and has been its Member of Management Group since 2006. He also serves as the Director at the firm. He served as the President at the firm since May 12, 2015 till March, 2018. He serves as a Director of EQT AB since joining the firm in August 2015. He served as Head of Core Investments at Investor AB until May 2015 and also served as its Managing Director since 2006. He served as the Head of Core Holdings Analysis & Valuation at Investor AB. He joined Investor AB in 1995 and was responsible for its Research and Analyst Department for Core Holdings since 2003. He has served as the Head of Research, Head of Capital Goods and Healthcare sector, Head of Capital Goods Sector at Investor AB. Mr. Forssell has been a Director of Wärtsilä Oyj Abp. since March 10, 2017. He has been a Director of Atlas Copco AB since April 2008. He serves as a Director at EQT Partners AB and EQT Holdings AB. He serves as a Director of Stockholm School of Economics. He has been Director of Epiroc AB (publ) since 2017. He served as a Project Director at Aleris. He served as an Independent Director of SAAB AB (publ.) since 2010 until April 5, 2017. He served on the board of Wärtsilä. Mr. Forssell holds an M.Sc in Economics and Business Administration from Stockholm School of Economics, Sweden.

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

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

4.5
Average Tenure
49.5
Average Age
  • The tenure for the Investor management team is about average.
Management Team

Johan Forssell

TITLE
CEO & Director
COMPENSATION
SEK20M
AGE
48
TENURE
4.5 yrs

Helena Saxon

TITLE
CFO & Member of Management Group
AGE
49
TENURE
4.7 yrs

Christian Cederholm

TITLE
Co-Head of Patricia Industries
AGE
41
TENURE
2.8 yrs

Daniel Nodhäll

TITLE
Head of Listed Companies & Member of the Management Group
AGE
41
TENURE
4.5 yrs

Petra Hedengran

TITLE
Head of Corporate Governance
AGE
55
TENURE
12.7 yrs

Noah Walley

TITLE
Co-Head of Patricia Industries & Member of the Extended Management Group
AGE
56
TENURE
2.8 yrs

Jessica Häggström

TITLE
Head of Human Resources & Member of Extended Management Board
AGE
50
TENURE
2.8 yrs

Viveka Hirdman-Ryrberg

TITLE
Head of Corporate Communication & Sustainability and Member of the Management Group
AGE
56
TENURE
1.2 yrs

Magnus Dalhammar

TITLE
Head of Investor Relations
TENURE
10.4 yrs

Catharina Thornell

TITLE
Head of Treasury
Board of Directors Tenure

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

9.2
Average Tenure
63
Average Age
  • The tenure for the Investor board of directors is about average.
Board of Directors

Jacob Wallenberg

TITLE
Independent Chairman of the Board
COMPENSATION
SEK3M
AGE
63
TENURE
14.6 yrs

Johan Forssell

TITLE
CEO & Director
COMPENSATION
SEK20M
AGE
48
TENURE
4.8 yrs

Marcus Wallenberg

TITLE
Independent Vice Chairman of the Board
COMPENSATION
SEK2M
AGE
63
TENURE
4.8 yrs

Grace Skaugen

TITLE
Independent Director
COMPENSATION
SEK975K
AGE
66
TENURE
13.6 yrs

Lena Torell

TITLE
Independent Director
COMPENSATION
SEK873K
AGE
73
TENURE
12.7 yrs

Lars Gunnar Brock

TITLE
Independent Director
COMPENSATION
SEK973K
AGE
69
TENURE
10.7 yrs

Tom Johnstone

TITLE
Independent Director
COMPENSATION
SEK873K
AGE
64
TENURE
9.8 yrs

Hans Stråberg

TITLE
Independent Director
COMPENSATION
SEK788K
AGE
62
TENURE
8.6 yrs

Magdalena Gerger

TITLE
Independent Director
COMPENSATION
SEK937K
AGE
55
TENURE
5.5 yrs

Sara Mazur

TITLE
Director
COMPENSATION
SEK696K
AGE
53
TENURE
1.5 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)
03. Jun 19 Buy Petra Hedengran Individual 03. Jun 19 03. Jun 19 500 SEK411.00 SEK205,500
31. May 19 Buy Christian Cederholm Individual 31. May 19 31. May 19 250 SEK412.20 SEK103,050
29. May 19 Buy Christian Cederholm Individual 29. May 19 29. May 19 450 SEK419.80 SEK188,910
X
Management checks
We assess Investor'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. Investor 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.

INVE A News

Simply Wall St News

INVE A Company Info

Description

Investor AB (publ) is a venture capital firm specializing in mature, buyouts and growth capital investments. It is operating through four business areas including core, private equity, operating, and financial investments. For core investments, the firm invests in health care, financial services, IT and fintech sectors and considers investments in listed companies in leading minority positions. The firm seeks to invest globally and acquire a board seat. For its operating investments, the firm seeks to focus on medium-sized to large companies headquartered in Northern Europe. It acquires controlling interest or minority position with significant influence in its portfolio companies within operating investments. The firm considers majority or minority investments in both listed and unlisted companies. Within private equity, the firm makes venture capital and buyout investments. For venture capital, it seeks investments through its subsidiary, Investor Growth Capital, which is focused on investments in the information technology, technology, engineering, financial services, and healthcare sectors in Northern Europe, the United States, and Asia. It seeks to invest in companies ranging from startups to companies that are about to enter an expansion stage and its investment commitment range between SEK 20 million ($2.94 million) and SEK 200 million ($29.43 million). In its venture capital investments, it acquires minority stakes in its portfolio companies and the ownership horizon varies from three to seven years. For buyouts, the firm makes fund investments through its subsidiary, EQT that makes buyout investments in medium-sized mature companies in Northern Europe and Greater China. The firm seeks to exit its private equity investments between three years and seven years. The firm seeks to take board membership in its portfolio companies. For financial investments, it acquires minority ownership in financial holdings for shorter horizon. Investor AB (publ) was founded in 1916 and is based in Stockholm, Sweden with additional offices in Amsterdam, Netherlands; Beijing, China; Menlo Park, California; Hong Kong, China; New York, New York; and Tokyo, Japan.

Details
Name: Investor AB (publ)
INVE A
Exchange: OM
Founded: 1916
SEK390,848,020,240
765,255,928
Website: http://www.investorab.com
Address: Investor AB (publ)
Arsenalsgatan 8C,
Stockholm,
Stockholm County, 103 32,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM INVE A Class A Shares OMX Nordic Exchange Stockholm SE SEK 02. Jan 1992
OTCPK IVSX.F Class A Shares Pink Sheets LLC US USD 02. Jan 1992
DB IVSA Class A Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NC5 Class A Shares London Stock Exchange GB SEK 02. Jan 1992
BATS-CHIXE INVEAS Class A Shares BATS 'Chi-X Europe' GB SEK 02. Jan 1992
OM INVE B Class B Shares OMX Nordic Exchange Stockholm SE SEK 17. Jan 1992
OTCPK IVSB.F Class B Shares Pink Sheets LLC US USD 17. Jan 1992
DB IVSB Class B Shares Deutsche Boerse AG DE EUR 17. Jan 1992
LSE 0NC6 Class B Shares London Stock Exchange GB SEK 17. Jan 1992
BATS-CHIXE INVEBS Class B Shares BATS 'Chi-X Europe' GB SEK 17. Jan 1992
Number of employees
Current staff
Staff numbers
21,162
Investor employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 20:45
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/10/21
Last earnings filing: 2019/10/18
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.