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Zinzino

OM:ZZ B
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZZ B
OM
SEK1B
Market Cap
  1. Home
  2. SE
  3. Retail
Company description

Zinzino AB (publ), a direct sales company, engages in the sales of coffee, coffee machines and accessories; and research, development, manufacture, sale of functional food. The last earnings update was 96 days ago. More info.


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  • Zinzino has significant price volatility in the past 3 months.
ZZ B Share Price and Events
7 Day Returns
6.6%
OM:ZZ B
-0.6%
Europe Retail Distributors
0.4%
SE Market
1 Year Returns
371.9%
OM:ZZ B
20.2%
Europe Retail Distributors
21.6%
SE Market
ZZ B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zinzino (ZZ B) 6.6% 40% 79.5% 371.9% 287.1% 85%
Europe Retail Distributors -0.6% -4.4% 2.6% 20.2% 1.9% 17%
SE Market 0.4% 2.7% 10.1% 21.6% 16.7% 15.3%
1 Year Return vs Industry and Market
  • ZZ B outperformed the Retail Distributors industry which returned 20.2% over the past year.
  • ZZ B outperformed the Market in Sweden which returned 21.6% over the past year.
Price Volatility
ZZ B
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Zinzino's competitors could be found in our database.

ZZ B Value

 Is Zinzino 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 Zinzino 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 Zinzino.

OM:ZZ B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 4.4%
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:ZZ 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%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.818 (1 + (1- 22%) (3.44%))
0.893
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)
= -0.42% + (0.893 * 5.44%)
4.44%

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

The calculations below outline how an intrinsic value for Zinzino 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:ZZ B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 4.44%)
2020 30.59 Est @ -0.08% 29.29
2021 30.53 Est @ -0.18% 27.99
2022 30.45 Est @ -0.25% 26.74
2023 30.36 Est @ -0.3% 25.52
2024 30.26 Est @ -0.34% 24.36
2025 30.15 Est @ -0.36% 23.24
2026 30.04 Est @ -0.38% 22.17
2027 29.92 Est @ -0.39% 21.14
2028 29.80 Est @ -0.4% 20.16
2029 29.68 Est @ -0.41% 19.23
Present value of next 10 years cash flows SEK239.00
OM:ZZ B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK29.68 × (1 + -0.42%) ÷ (4.44% – -0.42%)
SEK608.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK608.53 ÷ (1 + 4.44%)10
SEK394.24
OM:ZZ B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK239.00 + SEK394.24
SEK633.24
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK633.24 / 32.58
SEK19.44
OM:ZZ B Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK19.44
Current discount Discount to share price of SEK42.00
= -1 x (SEK42.00 - SEK19.44) / SEK19.44
-116.1%

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

  • The current share price of Zinzino is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Zinzino's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zinzino's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:ZZ B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK0.20
OM:ZZ B Share Price ** OM (2020-02-19) in SEK SEK42
Europe Retail Distributors Industry PE Ratio Median Figure of 17 Publicly-Listed Retail Distributors Companies 13.21x
Sweden Market PE Ratio Median Figure of 351 Publicly-Listed Companies 20.08x

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

** Primary Listing of Zinzino.

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

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

= 42 ÷ 0.20

213.61x

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

  • Zinzino is overvalued based on earnings compared to the Europe Retail Distributors industry average.
  • Zinzino is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Zinzino's expected growth come at a high price?
Raw Data
OM:ZZ B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 213.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Retail Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 1.25x
Sweden Market PEG Ratio Median Figure of 231 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Zinzino, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zinzino's assets?
Raw Data
OM:ZZ B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK0.99
OM:ZZ B Share Price * OM (2020-02-19) in SEK SEK42
Europe Retail Distributors Industry PB Ratio Median Figure of 22 Publicly-Listed Retail Distributors Companies 1.56x
Sweden Market PB Ratio Median Figure of 766 Publicly-Listed Companies 2.93x
OM:ZZ B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 42 ÷ 0.99

42.34x

* Primary Listing of Zinzino.

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

  • Zinzino is overvalued based on assets compared to the Europe Retail Distributors industry average.
X
Value checks
We assess Zinzino'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 Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. Zinzino has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

ZZ B Future Performance

 How is Zinzino expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zinzino has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.4%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zinzino expected to grow at an attractive rate?
  • Unable to compare Zinzino's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zinzino's earnings growth to the Sweden market average as no estimate data is available.
  • Unable to compare Zinzino's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:ZZ B Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Europe Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.6%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.5%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*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:ZZ B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:ZZ B Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 699 40 6
2019-06-30 649 22 8
2019-03-31 615 22 6
2018-12-31 586 20 6
2018-09-30 576 39 5
2018-06-30 560 39 7
2018-03-31 551 44 3
2017-12-31 540 38 -1
2017-09-30 530 32 4
2017-06-30 528 17 4
2017-03-31 496 13 6
2016-12-31 479 10 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zinzino is high growth as no earnings estimate data is available.
  • Unable to determine if Zinzino is high growth as no revenue estimate data is available.
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:ZZ B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zinzino Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ZZ B Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 0.20
2019-06-30 0.23
2019-03-31 0.19
2018-12-31 0.20
2018-09-30 0.16
2018-06-30 0.21
2018-03-31 0.08
2017-12-31 -0.03
2017-09-30 0.12
2017-06-30 0.14
2017-03-31 0.20
2016-12-31 0.28

*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.
  • Unable to establish if Zinzino will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Zinzino's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Zinzino's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. Zinzino's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zinzino'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.
Zinzino has a total score of 0/6, 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.

ZZ B Past Performance

  How has Zinzino 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 Zinzino's growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zinzino's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Zinzino's 1-year earnings growth exceeds its 5-year average (25.6% vs -42.2%)
  • Zinzino's earnings growth has exceeded the Europe Retail Distributors industry average in the past year (25.6% vs -0.3%).
Earnings and Revenue History
Zinzino'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 Zinzino Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ZZ B Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 699.00 6.41 115.07
2019-06-30 648.55 7.54 105.49
2019-03-31 614.57 6.11 99.64
2018-12-31 585.58 6.36 95.90
2018-09-30 575.61 5.10 90.09
2018-06-30 559.62 6.79 85.58
2018-03-31 551.38 2.59 83.03
2017-12-31 540.32 -1.12 80.52
2017-09-30 530.10 3.85 82.65
2017-06-30 527.61 4.39 80.12
2017-03-31 496.47 6.29 72.73
2016-12-31 478.92 8.70 70.47
2016-09-30 444.75 3.85 76.90
2016-06-30 427.73 4.15 71.15
2016-03-31 433.82 7.35 68.96
2015-12-31 432.13 8.20 65.80
2015-09-30 433.63 28.27 75.59
2015-06-30 420.99 32.67 68.93
2015-03-31 388.39 32.26 59.49
2014-12-31 354.93 29.94 50.06
2014-09-30 322.69 16.88 49.50
2014-06-30 299.05 14.24 45.22
2014-03-31 273.46 11.26 41.09
2013-12-31 251.98 9.03 35.17
2013-09-30 229.93 8.78 39.17
2013-06-30 223.19 8.15 26.74
2013-03-31 199.79 6.38 21.83

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

ZZ B Health

 How is Zinzino'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 Zinzino's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zinzino's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zinzino's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zinzino's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6249934115571E+16x 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 Zinzino Company Filings, last reported 4 months ago.

OM:ZZ B Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 40.09 0.00 56.23
2019-06-30 42.29 0.00 30.80
2019-03-31 58.36 0.00 55.80
2018-12-31 71.52 0.00 45.46
2018-09-30 72.86 0.00 49.87
2018-06-30 70.58 0.00 42.88
2018-03-31 83.98 0.00 58.66
2017-12-31 80.33 0.00 48.42
2017-09-30 83.85 0.00 38.31
2017-06-30 81.90 0.00 26.58
2017-03-31 90.52 0.00 29.04
2016-12-31 88.46 0.00 23.32
2016-09-30 83.44 0.00 18.14
2016-06-30 81.44 0.00 23.98
2016-03-31 88.33 0.00 31.12
2015-12-31 88.32 2.23 26.85
2015-09-30 93.68 0.00 39.58
2015-06-30 89.27 0.00 38.55
2015-03-31 94.20 0.00 49.88
2014-12-31 86.29 2.47 42.77
2014-09-30 45.10 0.00 49.29
2014-06-30 29.90 0.00 26.35
2014-03-31 22.88 0.40 10.92
2013-12-31 22.88 0.40 10.92
2013-09-30
2013-06-30 14.66 0.00 1.80
2013-03-31 12.86 0.00 16.47
  • Zinzino's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.1% vs 0% today).
  • Debt is well covered by operating cash flow (5.6872019044388E+17%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.8x coverage).
X
Financial health checks
We assess Zinzino'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. Zinzino 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.

ZZ B Dividends

 What is Zinzino's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.19%
Current annual income from Zinzino dividends.
If you bought SEK2,000 of Zinzino shares you are expected to receive SEK24 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?
  • Zinzino's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.58%).
  • Zinzino's dividend is below the markets top 25% of dividend payers in Sweden (4.29%).
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:ZZ 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 0 Analyst Estimates (S&P Global) See Below
Europe Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.9%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 258 Stocks 3%
Sweden Minimum Threshold Dividend Yield 10th Percentile 0.9%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.6%
Sweden Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

OM:ZZ B Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.500 2.798
2019-02-28 0.500 4.387
2018-02-28 0.450 5.470
2017-05-03 0.250 2.528
2017-02-28 0.250 2.398
2016-04-29 0.250 1.931
2016-02-29 0.250 1.596
2015-04-17 0.250 1.222
2015-02-27 0.250 1.291
2014-04-25 0.100 0.696
2014-02-26 0.100 1.020

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

  • Whilst dividend payments have been stable, Zinzino has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Zinzino only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Zinzino's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zinzino'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 Zinzino afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zinzino has a total score of 0/6, see the detailed checks below.


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

ZZ B Management

 What is the CEO of Zinzino'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
Dag Pettersen
AGE 49
TENURE AS CEO 8.1 years
CEO Bio

Mr. Dag Bergheim Pettersen serves as the Chief Executive Officer at Zinzino AB since 2012. Mr. Bergheim has extensive experience in strategic leadership in growth companies.

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

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

6.9
Average Tenure
46
Average Age
  • The average tenure for the Zinzino management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dag Pettersen

TITLE
Chief Executive Officer
AGE
49
TENURE
8.1 yrs

Fredrik Nielsen

TITLE
Chief Financial Officer
AGE
42

Daniel Vennerstrand

TITLE
Chief Technology Officer
AGE
43

Michael Perry

TITLE
Chief Operating Officer of USA
AGE
66
TENURE
6.9 yrs

Geir Smolan

TITLE
Managing Director of Faun Pharma
AGE
58
TENURE
2.4 yrs

Katriin Laneep

TITLE
Head of Support
AGE
46

Henrik Hammargren

TITLE
Head of Business Control
AGE
39
Board of Directors Tenure

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

7.9
Average Tenure
49.5
Average Age
  • The tenure for the Zinzino board of directors is about average.
Board of Directors

Hans Jacobsson

TITLE
Chairman of the Board
AGE
52
TENURE
11.1 yrs

Staffan E. Hillberg

TITLE
Director
AGE
55
TENURE
13.1 yrs

Pierre Martensson

TITLE
Director
AGE
47
TENURE
4.8 yrs

Gabriele Helmer

TITLE
Director
AGE
42
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • Zinzino 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)
15. Jan 20 Sell Staffan E. Hillberg Individual 13. Jan 20 15. Jan 20 -45,000 SEK29.28 SEK-1,296,570
14. Jan 20 Sell Hans Jacobsson Individual 10. Jan 20 13. Jan 20 -17,466 SEK30.74 SEK-524,025
07. Jan 20 Buy Örjan Saele Individual 02. Jan 20 02. Jan 20 8,530 SEK23.82 SEK203,185
20. Nov 19 Sell Hans Jacobsson Individual 18. Nov 19 19. Nov 19 -15,000 SEK23.57 SEK-353,399
11. Oct 19 Sell Hans Jacobsson Individual 09. Oct 19 11. Oct 19 -14,250 SEK17.70 SEK-250,732
23. Sep 19 Sell Hans Jacobsson Individual 19. Sep 19 20. Sep 19 -6,758 SEK16.23 SEK-108,419
26. Jun 19 Buy Örjan Saele Individual 25. Jun 19 25. Jun 19 1,855 SEK12.80 SEK23,744
20. Jun 19 Buy Örjan Saele Individual 18. Jun 19 18. Jun 19 15 SEK13.25 SEK199
12. Jun 19 Sell Hans Jacobsson Individual 10. Jun 19 10. Jun 19 -13,000 SEK16.17 SEK-210,210
29. May 19 Sell Hans Jacobsson Individual 27. May 19 29. May 19 -22,909 SEK16.37 SEK-367,203
27. May 19 Buy Örjan Saele Individual 24. May 19 24. May 19 550 SEK15.60 SEK8,580
15. Apr 19 Buy Örjan Saele Individual 12. Apr 19 12. Apr 19 7,000 SEK12.72 SEK87,936
12. Apr 19 Buy Örjan Saele Individual 11. Apr 19 11. Apr 19 1,500 SEK11.70 SEK17,372
04. Mar 19 Buy Örjan Saele Individual 01. Mar 19 01. Mar 19 11,500 SEK9.38 SEK107,520
X
Management checks
We assess Zinzino'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. Zinzino 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.

ZZ B News

Simply Wall St News

Is Zinzino AB (publ) (STO:ZZ B) A Good Dividend Stock?

Cash is slightly more important than profit from a dividend perspective, but given Zinzino's payments were not well covered by either earnings or cash flow, we are concerned about the sustainability of this dividend. … Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. Zinzino's earnings per share have shrunk at 11% a year over the past five years. With this kind of significant decline, we always wonder what has changed in the business. Dividends are about stability, and Zinzino's earnings per share, which support the dividend, have been anything but stable. 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. … Second, the company has not been able to generate earnings growth, and its history of dividend payments too short for us to thoroughly evaluate the dividend's consistency across an economic cycle.

Simply Wall St -

Should You Be Tempted To Sell Zinzino AB (publ) (STO:ZZ B) Because Of Its P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Zinzino: P/E of 67.22 = SEK12.6 ÷ SEK0.19 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … OM:ZZ B Price Estimation Relative to Market, August 8th 2019 Its relatively high P/E ratio indicates that Zinzino shareholders think it will perform better than other companies in its industry classification. … The Bottom Line On Zinzino's P/E Ratio With a P/E ratio of 67.2, Zinzino is expected to grow earnings very strongly in the years to come.

Simply Wall St -

Do Directors Own Zinzino AB (publ) (STO:ZZ B) Shares?

With a market capitalization of kr441m, Zinzino is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that institutions don't own shares in the company. … Insider Ownership Of Zinzino The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

If You Had Bought Zinzino (STO:ZZ B) Shares A Year Ago You'd Have Made 63%

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … We note that for Zinzino the TSR over the last year was 70%, which is better than the share price return mentioned above. … A Different Perspective We're pleased to report that Zinzino shareholders have received a total shareholder return of 70% over one year.

Simply Wall St -

Read This Before Buying Zinzino AB (STO:ZZ B) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Zinzino AB (STO:ZZ B). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Zinzino Zinzino Insider Transactions Over The Last Year There wasn't any very large single transaction over the last year, but we can still observe some trading. … It is good to see high insider ownership, but the insider selling leaves us cautious.

Simply Wall St -

What Investors Should Know About Zinzino AB's (STO:ZZ B) Financial Strength

On top of this, ZZ B has produced kr22m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 44%, meaning that ZZ B’s operating cash is sufficient to cover its debt. … For ZZ B, the ratio of 66.76x suggests that interest is comfortably covered, which means that lenders may be willing to lend out more funding as ZZ B’s high interest coverage is seen as responsible and safe practice. … Next Steps: ZZ B’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

What Does Zinzino AB’s (STO:ZZ B) 11% ROCE Say About The Business?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Zinzino: 0.11 = kr11m ÷ (kr276m - kr177m) (Based on the trailing twelve months to March 2019.) Therefore, Zinzino 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. … The Bottom Line On Zinzino's ROCE This ROCE is pretty good, but remember that it would look less impressive with fewer current liabilities.

Simply Wall St -

Is Zinzino AB's (STO:ZZ B) 9.6% ROE Better Than Average?

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every SEK1 worth of equity in the company, it was able to earn SEK0.096. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Insiders Own Lots Of Shares In Zinzino AB (STO:ZZ B)?

Generally speaking, as a company grows, institutions will increase their ownership. … Zinzino is a smaller company with a market capitalization of kr415m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Is Zinzino AB (STO:ZZ B) A Smart Choice For Dividend Investors?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Zinzino AB (STO:ZZ B) has paid a dividend to shareholders. … Let's take a look at Zinzino in more detail.

Simply Wall St -

ZZ B Company Info

Description

Zinzino AB (publ), a direct sales company, engages in the sales of coffee, coffee machines and accessories; and research, development, manufacture, sale of functional food. The company offers balance control, immunity control, weight control, and skin care products. It also provides espresso machines, coffee, tea, and accessories. The company markets and sells its products in Sweden, Norway, Denmark, Finland, Iceland, Estonia, Lithuania, Latvia, Germany, Austria, Switzerland, the Netherlands, Poland, Hungary, Romania, Spain, European Union, the United States, Canada, and Faun. Zinzino AB (publ) was founded in 2007 and is headquartered in Gothenburg, Sweden.

Details
Name: Zinzino AB (publ)
ZZ B
Exchange: OM
Founded: 2007
SEK1,368,361,050
32,580,025
Website: http://www.zinzino.com
Address: Zinzino AB (publ)
Hulda Mellgrens Gata 5,
Gothenburg,
Västra Götaland County, Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ZZ B Class B Shares OMX Nordic Exchange Stockholm SE SEK 20. Sep 2010
OTCPK ZNZN.F Class B Shares Pink Sheets LLC US USD 20. Sep 2010
Number of employees
Current staff
Staff numbers
135
Zinzino employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/19 22:09
End of day share price update: 2020/02/19 00:00
Last earnings filing: 2019/11/15
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.