Loading...

We've got a brand new version of Simply Wall St! Try it out

Avensia

OM:AVEN
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVEN
OM
SEK468M
Market Cap
  1. Home
  2. SE
  3. Software
Company description

Avensia AB (publ) provides e-commerce solutions. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
AVEN Share Price and Events
7 Day Returns
5.4%
OM:AVEN
7.7%
SE Software
-0.2%
SE Market
1 Year Returns
14.3%
OM:AVEN
63.6%
SE Software
19.3%
SE Market
AVEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Avensia (AVEN) 5.4% -3.2% -12% 14.3% 48.6% 161.5%
SE Software 7.7% 12.9% 24.5% 63.6% 115.8% 233.4%
SE Market -0.2% -0.6% 7.8% 19.3% 14.5% 23.9%
1 Year Return vs Industry and Market
  • AVEN underperformed the Software industry which returned 63.6% over the past year.
  • AVEN underperformed the Market in Sweden which returned 19.3% over the past year.
Price Volatility
AVEN
Industry
5yr Volatility vs Market

Value

 Is Avensia 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 Avensia 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 Avensia.

OM:AVEN 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 5.6%
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:AVEN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.129 (1 + (1- 22%) (4.75%))
1.115
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.42% + (1.115 * 5.44%)
5.64%

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

The calculations below outline how an intrinsic value for Avensia 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:AVEN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.64%)
2020 33.00 Analyst x1 31.24
2021 43.00 Analyst x1 38.53
2022 47.25 Est @ 9.89% 40.08
2023 50.47 Est @ 6.8% 40.52
2024 52.81 Est @ 4.63% 40.13
2025 54.45 Est @ 3.12% 39.17
2026 55.57 Est @ 2.06% 37.84
2027 56.30 Est @ 1.31% 36.29
2028 56.75 Est @ 0.79% 34.62
2029 56.99 Est @ 0.43% 32.91
Present value of next 10 years cash flows SEK371.00
OM:AVEN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK56.99 × (1 + -0.42%) ÷ (5.64% – -0.42%)
SEK935.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK935.96 ÷ (1 + 5.64%)10
SEK540.54
OM:AVEN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK371.00 + SEK540.54
SEK911.54
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK911.54 / 36.30
SEK25.11
OM:AVEN Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK25.11
Current discount Discount to share price of SEK13.60
= -1 x (SEK13.60 - SEK25.11) / SEK25.11
45.8%

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

Current Discount
Amount off the current price Avensia is available for.
Intrinsic value
46%
Share price is SEK13.6 vs Future cash flow value of SEK25.11
Current Discount Checks
For Avensia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Avensia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Avensia'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 Avensia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Avensia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:AVEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK0.50
OM:AVEN Share Price ** OM (2019-12-05) in SEK SEK13.6
Sweden Software Industry PE Ratio Median Figure of 15 Publicly-Listed Software Companies 44.06x
Sweden Market PE Ratio Median Figure of 354 Publicly-Listed Companies 18.56x

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

** Primary Listing of Avensia.

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

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

= 13.6 ÷ 0.50

27.18x

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

  • Avensia is good value based on earnings compared to the SE Software industry average.
  • Avensia is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Avensia's expected growth come at a high price?
Raw Data
OM:AVEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
35.9%per year
Sweden Software Industry PEG Ratio Median Figure of 9 Publicly-Listed Software Companies 2.04x
Sweden Market PEG Ratio Median Figure of 238 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.18x ÷ 35.9%

0.76x

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

  • Avensia is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Avensia's assets?
Raw Data
OM:AVEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK1.50
OM:AVEN Share Price * OM (2019-12-05) in SEK SEK13.6
Sweden Software Industry PB Ratio Median Figure of 39 Publicly-Listed Software Companies 6.03x
Sweden Market PB Ratio Median Figure of 755 Publicly-Listed Companies 2.7x
OM:AVEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.6 ÷ 1.50

9.07x

* Primary Listing of Avensia.

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

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

Future Performance

 How is Avensia 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
35.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Avensia expected to grow at an attractive rate?
  • Avensia's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Avensia's earnings growth is expected to exceed the Sweden market average.
  • Avensia's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:AVEN Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:AVEN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 35.9%
OM:AVEN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 16.5%
Sweden Software Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Sweden Software Industry Revenue Growth Rate Market Cap Weighted Average 15.3%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
OM:AVEN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:AVEN Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 425 50 38 1
2020-12-31 370 40 31 1
2019-12-31 307 37 19 1
OM:AVEN Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 297 37 18
2019-06-30 289 34 19
2019-03-31 275 19 19
2018-12-31 250 26 16
2018-09-30 225 14 12
2018-06-30 208 11 10
2018-03-31 190 9 10
2017-12-31 169 13 6
2017-09-30 150 14 7
2017-06-30 142 16 11
2017-03-31 131 21 12
2016-12-31 124 15 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Avensia's earnings are expected to grow significantly at over 20% yearly.
  • Avensia's revenue is expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:AVEN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Avensia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AVEN Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.10 1.10 1.10 1.00
2020-12-31 0.80 0.80 0.80 1.00
2019-12-31 0.50 0.50 0.50 1.00
OM:AVEN Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 0.50
2019-06-30 0.53
2019-03-31 0.54
2018-12-31 0.46
2018-09-30 0.34
2018-06-30 0.27
2018-03-31 0.27
2017-12-31 0.17
2017-09-30 0.20
2017-06-30 0.30
2017-03-31 0.33
2016-12-31 0.31

*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.
  • Avensia is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Avensia'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.
Avensia 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.

Past Performance

  How has Avensia 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 Avensia's growth in the last year to its industry (Software).
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.
  • Avensia has delivered over 20% year on year earnings growth in the past 5 years.
  • Avensia's 1-year earnings growth exceeds its 5-year average (50.7% vs 31.5%)
  • Avensia's earnings growth has exceeded the SE Software industry average in the past year (50.7% vs -2.9%).
Earnings and Revenue History
Avensia'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 Avensia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:AVEN Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 297.02 17.95 35.00
2019-06-30 289.03 18.75 35.01
2019-03-31 274.61 19.14 34.14
2018-12-31 250.00 16.40 33.69
2018-09-30 224.95 11.91 31.22
2018-06-30 207.93 9.63 29.80
2018-03-31 189.76 9.52 27.31
2017-12-31 169.42 5.96 26.46
2017-09-30 150.41 7.16 25.15
2017-06-30 141.88 10.61 22.09
2017-03-31 131.25 11.56 19.71
2016-12-31 124.20 11.16 18.89
2016-09-30 119.50 12.04 16.83
2016-06-30 112.33 10.47 16.99
2016-03-31 105.81 5.42 19.42
2015-12-31 100.12 4.46 18.50
2015-09-30 92.17 1.32 18.34
2015-06-30 88.94 1.25 17.30
2015-03-31 84.95 4.39 9.13
2014-12-31 78.13 3.87 12.73
2014-09-30 80.67 4.81 18.24
2014-06-30 82.21 6.62 21.72
2014-03-31 82.58 7.72 29.78
2013-12-31 80.71 6.86 26.08
2013-09-30 73.27 5.73 19.72
2013-06-30 68.13 4.46 16.19
2013-03-31 63.82 3.38 12.57
2012-12-31 62.65 3.55 11.07

*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.
  • Avensia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Avensia used its assets more efficiently than the SE Software industry average last year based on Return on Assets.
  • Avensia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Avensia'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 Software 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.
Avensia has a total score of 5/6, see the detailed checks below.

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

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

Health

 How is Avensia'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 Avensia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Avensia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Avensia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Avensia'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.
  • Avensia has no debt, it does not need to be covered by short term assets.
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 Avensia Company Filings, last reported 2 months ago.

OM:AVEN Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 54.46 0.00 34.26
2019-06-30 52.05 0.00 30.88
2019-03-31 57.96 0.00 26.12
2018-12-31 47.58 0.00 30.36
2018-09-30 38.46 0.00 15.41
2018-06-30 35.20 0.00 12.15
2018-03-31 38.96 0.00 19.65
2017-12-31 31.52 0.00 14.00
2017-09-30 28.33 0.00 11.83
2017-06-30 28.28 0.00 11.94
2017-03-31 31.68 0.00 17.81
2016-12-31 28.47 0.00 8.89
2016-09-30 24.72 0.00 5.63
2016-06-30 21.53 0.00 3.48
2016-03-31 22.58 0.48 2.56
2015-12-31 20.08 1.69 1.60
2015-09-30 15.81 1.10 0.63
2015-06-30 14.57 0.00 6.04
2015-03-31 54.89 0.00 43.77
2014-12-31 25.03 0.00 3.20
2014-09-30 22.22 0.00 6.53
2014-06-30 18.90 0.00 8.49
2014-03-31 18.43 0.00 8.80
2013-12-31 15.94 0.80 3.69
2013-09-30 13.88 0.00 4.89
2013-06-30 10.89 0.00 5.48
2013-03-31 10.61 0.00 3.32
2012-12-31 10.45 2.87 4.38
  • Avensia has no debt.
  • Avensia currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Avensia has no debt, it does not need to be covered by operating cash flow.
  • Avensia has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Avensia'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. Avensia has a total score of 6/6, 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.

Dividends

 What is Avensia'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
1.69%
Current annual income from Avensia dividends. Estimated to be 3.68% next year.
If you bought SEK2,000 of Avensia shares you are expected to receive SEK34 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?
  • Avensia's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.66%).
  • Avensia's dividend is below the markets top 25% of dividend payers in Sweden (4.89%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:AVEN 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 260 Stocks 3.3%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.7%
Sweden Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

OM:AVEN Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.60 1.00
2020-12-31 0.50 1.00
2019-12-31 0.40 1.00
OM:AVEN Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.230 1.512
2019-02-14 0.230 1.378
2018-05-03 0.180 1.519
2018-02-16 0.180 2.110
2017-04-27 0.150 1.663
2017-02-17 0.150 1.488
2016-04-26 0.100 1.346
2016-02-18 0.100 1.802
2015-05-11 0.100 2.099
2015-02-16 0.100 1.559
2014-04-29 0.070 1.527
2014-02-14 0.070 2.539
2013-05-07 0.030 1.729
2013-02-15 0.030 2.935
2012-04-25 0.030 2.869
2012-02-21 0.030 2.589

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

  • Whilst dividend payments have been stable, Avensia has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Avensia only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Avensia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Avensia'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 Avensia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Avensia 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.

Management

 What is the CEO of Avensia'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
Niklas Johnsson
COMPENSATION SEK4,105,053
AGE 55
TENURE AS CEO 1.6 years
CEO Bio

Mr. Niklas Johnsson serves as Services Director at Microsoft Sweden AB. Mr. Johnsson has been Director of Avensia AB (publ) since 2013 and has been its Chief Executive Officer since May 2018.

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

Average tenure of the Avensia management team in years:

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

Niklas Johnsson

TITLE
CEO & Director
COMPENSATION
SEK4M
AGE
55
TENURE
1.6 yrs

Anders Ekdahl

TITLE
Chief Technical Officer
TENURE
1.9 yrs

Patrik Sundquist

TITLE
Sales Director
TENURE
1.9 yrs

Cecilia Granath

TITLE
Marketing Director
TENURE
1.9 yrs

Åsa Afshari

TITLE
HR Director
AGE
43
TENURE
0.2 yrs

Jörgen Bertilsson

TITLE
Executive Vice President of Global Business Development
TENURE
4.1 yrs

Johan Liljeros

TITLE
VP of Product Development & GM of North America
TENURE
4.1 yrs
Board of Directors Tenure

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

6.9
Average Tenure
58.5
Average Age
  • The tenure for the Avensia board of directors is about average.
Board of Directors

Anders Cedevall

TITLE
Chairman
COMPENSATION
SEK26K
AGE
69

Per Wargéus

TITLE
Chairman
COMPENSATION
SEK187K

Niklas Johnsson

TITLE
CEO & Director
COMPENSATION
SEK4M
AGE
55
TENURE
6.9 yrs

Anders Wehtje

TITLE
Independent Director
COMPENSATION
SEK95K
AGE
55
TENURE
14.9 yrs

Monika Dagberg

TITLE
Independent Director
COMPENSATION
SEK95K
TENURE
6.9 yrs

Roland Vejdemo

TITLE
Independent Director
COMPENSATION
SEK95K
AGE
62
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Avensia individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
03. Sep 19 Buy Anders Wehtje Individual 02. Sep 19 02. Sep 19 869 SEK15.09 SEK13,113
04. Sep 19 Buy Anders Wehtje Individual 03. Sep 19 04. Sep 19 18,978 SEK15.90 SEK297,757
02. Sep 19 Buy Anders Wehtje Individual 30. Aug 19 30. Aug 19 1,548 SEK15.20 SEK23,530
30. Aug 19 Buy Anders Wehtje Individual 29. Aug 19 29. Aug 19 4,747 SEK14.97 SEK71,063
28. Aug 19 Buy Anders Wehtje Individual 27. Aug 19 27. Aug 19 3,170 SEK14.83 SEK47,011
27. Aug 19 Buy Anders Wehtje Individual 26. Aug 19 26. Aug 19 2,530 SEK14.50 SEK36,685
06. Sep 19 Buy Anders Wehtje Individual 06. Sep 19 06. Sep 19 11,257 SEK15.47 SEK174,146
05. Sep 19 Buy Anders Wehtje Individual 05. Sep 19 05. Sep 19 7,348 SEK15.96 SEK117,274
29. Aug 19 Buy Anders Wehtje Individual 28. Aug 19 28. Aug 19 253 SEK14.65 SEK3,706
26. Aug 19 Buy Anders Wehtje Individual 23. Aug 19 23. Aug 19 2,000 SEK14.50 SEK29,000
21. Aug 19 Buy Thomas Bergström Individual 21. Aug 19 21. Aug 19 9,000 SEK14.00 SEK126,000
21. Aug 19 Buy Anders Wehtje Individual 19. Aug 19 19. Aug 19 2,300 SEK13.00 SEK29,900
10. Jun 19 Sell Jörgen Bertilsson Individual 10. Jun 19 10. Jun 19 -500,000 SEK16.60 SEK-8,300,000
28. May 19 Sell Kristian Hagset Individual 28. May 19 28. May 19 -5,000 SEK17.00 SEK-85,000
22. May 19 Sell Kristian Hagset Individual 22. May 19 22. May 19 -8,916 SEK17.15 SEK-152,325
21. May 19 Sell Kristian Hagset Individual 21. May 19 21. May 19 -6,084 SEK18.30 SEK-109,837
01. Mar 19 Buy Johan Liljeros Individual 01. Mar 19 01. Mar 19 61,000 SEK0.15 SEK9,150
X
Management checks
We assess Avensia'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. Avensia 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.

News

Simply Wall St News

Is Avensia AB (publ)'s (STO:AVEN) 36% ROE Better Than Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Avensia: 36% = kr19m ÷ kr52m (Based on the trailing twelve months to June 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Avensia's Debt And Its 36% Return On Equity Avensia is free of net debt, which is a positive for shareholders. … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

Should Avensia AB (publ) (STO:AVEN) Be Part Of Your Dividend Portfolio?

Of the free cash flow it generated last year, Avensia paid out 27% as dividends, suggesting the dividend is affordable. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Avensia has grown its earnings per share at 21% per annum over the past five years. With high earnings per share growth in recent times and a modest payout ratio, we think this is an attractive combination if earnings can be reinvested to generate further growth. 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 -

Are Insiders Selling Avensia AB (publ) (STO:AVEN) Stock?

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.' Check out our latest analysis for Avensia The Last 12 Months Of Insider Transactions At Avensia The Executive Vice President of Global Business Development, Jörgen Bertilsson, made the biggest insider sale in the last 12 months. … OM:AVEN Recent Insider Trading, August 6th 2019 Insiders at Avensia Have Sold Stock Recently Over the last three months, we've seen significant insider selling at Avensia. … Insider Ownership of Avensia For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Announcing: Avensia (STO:AVEN) Stock Increased An Energizing 145% In The Last Five Years

While Avensia AB (publ) (STO:AVEN) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 10% in the last quarter. … During five years of share price growth, Avensia achieved compound earnings per share (EPS) growth of 19% per year. … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

A Look At Avensia AB (publ)'s (STO:AVEN) Exceptional Fundamentals

Outstanding track record with flawless balance sheet One reason why investors are attracted to AVEN is its earnings growth potential in the near future of 32% which is expected to flow into an impressive return on equity of 49% over the next couple of years. … The strong earnings growth is reflected in impressive double-digit 33% return to shareholders, which paints a buoyant picture for the company. … OM:AVEN Past and Future Earnings, July 8th 2019 AVEN is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Avensia AB (publ) (STO:AVEN)

We'll look at Avensia AB (publ)'s (STO:AVEN) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Avensia: P/E of 30.75 = SEK16.55 ÷ SEK0.54 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … How Growth Rates Impact P/E Ratios P/E ratios primarily reflect market expectations around earnings growth rates.

Simply Wall St -

Should You Be Excited About Avensia AB (publ)'s (STO:AVEN) 34% Return On Equity?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Avensia: 34% = kr16m ÷ kr48m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Avensia Have A Good Return On Equity? … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry.

Simply Wall St -

Avensia AB (publ)'s (STO:AVEN) 1.3% Dividend Yield Looks Pretty Interesting

Is Avensia AB (publ) (STO:AVEN) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … Investors might not know much about Avensia's dividend prospects, even though it has been paying dividends for the last seven years and offers a 1.3% yield.

Simply Wall St -

Here's Why We Think Avensia (STO:AVEN) Is Well Worth Watching

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. … How Quickly Is Avensia Increasing Earnings Per Share. … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing.

Simply Wall St -

If You Had Bought Avensia (STO:AVEN) Shares Five Years Ago You'd Have A Total Return Of 753%

For example, the Avensia AB (publ) (STO:AVEN) share price is up a whopping 560% in the last half decade, a handsome return for long term holders. … During five years of share price growth, Avensia achieved compound earnings per share (EPS) growth of 18% per year. … This EPS growth is slower than the share price growth of 46% per year, over the same period.

Simply Wall St -

Company Info

Description

Avensia AB (publ) provides e-commerce solutions. The company offers Episerver Commerce, an e-commerce platform; inRiver Product Information Management platform, which enables omni-channel commerce professionals to create, manage, and distribute product information to various sales channels in various languages; and Apptus eSales platform for the management of various aspects of customer experience in search, navigation, and recommendations. It also provides Riversand, a cloud SaaS platform to enhance business agility and collaboration across the enterprise; and Voyado, a customer loyalty platform that integrates various customer data with analysis and communication tools. In addition, the company offers omni-channel, information management, strategy, search and relevance, and design services. It serves customers in sports, fashion, and manufacturing industries in B2B and B2C markets. The company was formerly known as InXL Innovation AB (publ) and changed its name to Avensia AB (publ) in June 2015. Avensia AB (publ) is based in Lund, Sweden.

Details
Name: Avensia AB (publ)
AVEN
Exchange: OM
Founded:
SEK468,293,529
36,301,824
Website: http://www.avensia.com
Address: Avensia AB (publ)
Vävaregatan 21,
Lund,
Skåne County, 222 36,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM AVEN Class B Shares OMX Nordic Exchange Stockholm SE SEK 19. Apr 2007
Number of employees
Current staff
Staff numbers
0
Avensia employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:44
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/10/27
Last earnings filing: 2019/10/25
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.