Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Clavister

Clavister

SEKm 2020 2021e 2022e
Sales 129 138 167
Sales growth (%) 4,6 7,1 21
EBITDA -19 -16 6
EBITDA margin (%) -15,1 -11,5 3,3
EBIT adj -56 -50 -25
EBIT adj margin (%) -43,8 -36,1 -15,3
Pretax profit -81 -73 -47
EPS rep -2,08 -1,33 -0,87
EPS growth (%) 72,6 36,1 35
EPS adj -2,08 -1,33 -0,87
DPS 0 0 0
EV/EBITDA (x) -18,4 -37,7 117,2
EV/EBIT adj (x) -6,4 -12 -25,4
P/E (x) -3,3 -5,6 -8,7
P/E adj (x) -3,3 -5,6 -8,7
EV/sales (x) 2,8 4,3 3,9
FCF yield (%) -11,1 -21 -9,3
Dividend yield (%) 0 0 0
Net IB debt/EBITDA -4,5 -11,8 42,8
Lease adj. FCF yield (%) -13,5 -22,7 -11
Lease adj. ND/EBITDA -2,7 -7,4 -148,8
SEKm 2020 2021e 2022e
Sales 129 138 167
COGS -18 -18 -22
Gross profit 111 120 145
Other operating items -130 -136 -139
EBITDA -19 -16 6
Depreciation and amortisation -9 -8 -9
Of which leasing depreciation -7 -7 -7
EBITA -28 -26 -3
EO items 0 0 0
Impairment and PPA amortisation -28 -24 -22
EBIT -56 -50 -25
Net financial items -24 -23 -22
Pretax profit -81 -73 -47
Tax 0 0 0
Net profit -81 -73 -47
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders -81 -73 -47
EPS -2,08 -1,33 -0,87
EPS Adj -2,08 -1,33 -0,87
Total extraordinary items after tax 0 0 0
Leasing payments -7 -7 -7
Tax rate (%) 0,5 -0,1 0
Gross margin (%) 86,2 87,2 87
EBITDA margin (%) -15,1 -11,5 3,3
EBITA margin (%) -21,9 -18,9 -2,1
EBIT margin (%) -43,8 -36,1 -15,3
Pretax margin (%) -62,9 -53,1 -28,5
Net margin (%) -63,1 -53 -28,5
Growth rates Y/Y 2020 2021 2022
Sales growth (%) 4,6 7,1 21
EBITDA growth (%) 50,2 18,5 134,9
EBIT growth (%) 35,3 11,7 48,8
Net profit growth (%) 58,3 10,1 35
EPS growth (%) 72,6 36,1 35
Profitability 2020 2021 2022
ROE (%) 210,4 298,8 56,1
ROE Adj (%) 137,2 201,8 30,1
ROCE (%) -24,6 -24,1 -15,8
ROCE Adj(%) -12,3 -12,6 -2,2
ROIC (%) -46,2 -43,8 -20
ROIC Adj (%) -46,2 -43,8 -20
Adj earnings numbers 2020 2021 2022
EBITDA Adj -19 -16 6
EBITDA Adj margin (%) -15,1 -11,5 3,3
EBITDA lease Adj -26 -23 -1
EBITDA lease Adj margin (%) -20,2 -16,7 -0,9
EBITA Adj -28 -26 -3
EBITA Adj margin (%) -21,9 -18,9 -2,1
EBIT Adj -56 -50 -25
EBIT Adj margin (%) -43,8 -36,1 -15,3
Pretax profit Adj -53 -49 -25
Net profit Adj -53 -49 -25
Net profit to shareholders Adj -53 -49 -25
Net Adj margin (%) -41,2 -35,8 -15,3
SEKm 2020 2021e 2022e
EBITDA -19 -16 6
Net financial items -24 -23 -22
Paid tax 0 0 0
Non-cash items 27 5 5
Cash flow before change in WC -16 -34 -11
Change in WC 40 -17 7
Operating cash flow 24 -51 -4
CAPEX tangible fixed assets 0 0 0
CAPEX intangible fixed assets -54 -36 -34
Acquisitions and disposals 0 0 0
Free cash flow -30 -86 -38
Dividend paid 0 0 0
Share issues and buybacks 185 0 0
Lease liability amortisation -6 -7 -7
Other non cash items -27 -5 -5
Balance Sheet (SEKm) 2020 2021 2022
Goodwill 52 52 52
Other intangible assets 120 129 139
Tangible fixed assets 0 0 0
Right-of-use asset 16 16 16
Total other fixed assets 0 0 0
Fixed assets 187 196 206
Inventories 7 8 8
Receivables 45 45 53
Other current assets 0 0 0
Cash and liquid assets 143 45 25
Total assets 383 294 292
Shareholders equity 12 -61 -108
Minority 0 0 0
Total equity 12 -61 -108
Long-term debt 205 205 235
Pension debt 0 0 0
Convertible debt 9 9 9
Leasing liability 17 17 17
Total other long-term liabilities 1 1 1
Short-term debt 0 0 0
Accounts payable 18 10 12
Other current liabilities 121 113 127
Total liabilities and equity 383 294 292
Net IB debt 88 186 237
Net IB debt excl. pension debt 88 186 237
Net IB debt excl. leasing 70 169 219
Capital invested 101 126 129
Working capital -87 -70 -77
EV breakdown 2020 2021 2022
Market cap. diluted (m) 271 411 411
Net IB debt Adj 88 186 237
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity 0 0 0
EV 358 598 648
Capital efficiency (%) 2020 2021 2022
Total assets turnover (%) 37,5 40,7 56,9
Working capital / sales (%) -42,5 -56,9 -44,2
Financial risk and debt service 2020 2021 2022
Net debt / equity (%) 728,6 -306 -218,2
Net debt / market cap (%) 20 45,3 57,5
Equity ratio (%) 3,2 -20,7 -37,1
Net IB debt adj. / equity (%) 728,6 -306 -218,2
Current ratio (%) 134,7 75,7 59,4
EBITDA / net interest (%) -79,5 -68 25,1
Net IB debt / EBITDA (%) -452,5 -1176,8 4278,7
Net IB debt / EBITDA lease Adj (%) -270,8 -736,5 -14882,1
Interest cover (%) -115,1 -112 -15,8
SEKm 2020 2021e 2022e
Shares outstanding adj. 39 55 55
Fully diluted shares Adj 39 55 55
EPS -2,08 -1,33 -0,87
Dividend per share Adj 0 0 0
EPS Adj -2,08 -1,33 -0,87
BVPS 0,31 -1,11 -1,98
BVPS Adj -4,1 -4,41 -5,45
Net IB debt / share 2,3 3,4 4,3
Share price 11,26 7,5 7,5
Market cap. (m) 439 411 411
Valuation 2020 2021 2022
P/E -3,3 -5,6 -8,7
EV/sales 2,79 4,34 3,89
EV/EBITDA -18,4 -37,7 117,2
EV/EBITA -12,7 -22,9 -186,6
EV/EBIT -6,4 -12 -25,4
Dividend yield (%) 0 0 0
FCF yield (%) -11,1 -21 -9,3
Lease adj. FCF yield (%) -13,5 -22,7 -11
P/BVPS 22,42 -6,75 -3,79
P/BVPS Adj -1,69 -1,7 -1,37
P/E Adj -3,3 -5,6 -8,7
EV/EBITDA Adj -18,4 -37,7 117,2
EV/EBITA Adj -12,7 -22,9 -186,6
EV/EBIT Adj -6,4 -12 -25,4
EV/cap. employed 1,5 3,5 4,2
Investment ratios 2020 2021 2022
Capex / sales 42,2 25,9 20,4
Capex / depreciation 2551,8 3567,2 1700
Capex tangibles / tangible fixed assets 0 0 0
Capex intangibles / definite intangibles 45,3 27,7 24,5
Depreciation on intangibles / definite intangibles 1,8 0,8 1,4
Depreciation on tangibles / tangibles 0 0 0

Key Figure Counter

It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.

Update

P/E

Learn more

A common valuation multiple, the share price is divided by earnings per share.

P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

- 8,6

EV/EBIT

Learn more

EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. 

EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.

(
)
- 26,0

EV/Sales

Learn more

EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. S is the company's total sales.

(
)
3,9

P/BVPS

Learn more

P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

(
)
- 3,8