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

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

CTT Systems

CTT Systems

SEKm 2019 2020e 2021e
Sales 355 281 400
Sales growth (%) 12,5 -20,8 42,2
EBITDA 126 85 144
EBITDA margin (%) 35,6 30,1 36
EBIT adj 113 79 137
EBIT adj margin (%) 31,7 28 34,2
Pretax profit 118 78 136
EPS rep 7,39 4,87 8,45
EPS growth (%) 32,9 -34,2 73,7
EPS adj 6,84 4,87 8,45
DPS 5,4 3,5 6,2
EV/EBITDA (x) 16,9 22,3 12,9
EV/EBIT adj (x) 19 24 13,5
P/E (x) 23,9 32,1 18,5
P/E adj (x) 25,8 32,1 18,5
EV/sales (x) 6 6,7 4,6
FCF yield (%) 4,1 3,1 4,2
Dividend yield (%) 3,1 2,2 4
Net IB debt/EBITDA -0,6 -0,8 -0,8
SEKm 2019 2020e 2021e
Sales 355 281 400
COGS 0 0 0
Gross profit 355 281 400
Other operating items -229 -197 -256
EBITDA 126 85 144
Depreciation on tangibles -3 -3 -3
Depreciation on intangibles -4 -3 -4
EBITA 120 79 137
Goodwill impairment charges 0 0 0
Other impairment and amortisation 0 0 0
EBIT 120 79 137
Other financial items 0 0 0
Net financial items -2 -1 -1
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 118 78 136
Tax -25 -17 -30
Net profit 93 61 106
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 93 61 106
EPS 7,39 4,87 8,45
EPS Adj 6,84 4,87 8,45
Total extraordinary items after tax 6,9 0 0
Tax rate (%) -21,5 -22 -22
Gross margin (%) 100 100 100
EBITDA margin (%) 35,6 30,1 36
EBITA margin (%) 33,7 28 34,2
EBIT margin (%) 33,7 28 34,2
Pretax margin (%) 33,2 27,8 34
Net margin (%) 26,1 21,7 26,5
Growth rates Y/Y 2019 2020 2021
Sales growth (%) 12,5 -20,8 42,2
EBITDA growth (%) 31,2 -33 69,8
EBIT growth (%) 32,6 -34,2 73,9
Net profit growth (%) 32,9 -34,2 73,7
EPS growth (%) 32,9 -34,2 73,7
Profitability 2019 2020 2021
ROE (%) 42,2 25,7 40
ROE Adj (%) 39,1 25,7 40
ROCE (%) 47,6 29,2 46
ROCE Adj(%) 44,8 29,2 46
ROIC (%) 55,4 35,8 58,1
ROIC Adj (%) 52,2 35,8 58,1
Adj earnings numbers 2019 2020 2021
EBITDA Adj 119 85 144
EBITDA Adj margin (%) 33,6 30,1 36
EBITA Adj 113 79 137
EBITA Adj margin (%) 31,7 28 34,2
EBIT Adj 113 79 137
EBIT Adj margin (%) 31,7 28 34,2
Pretax profit Adj 111 78 136
Net profit Adj 86 61 106
Net profit to shareholders Adj 86 61 106
Net Adj margin (%) 24,2 21,7 26,5
SEKm 2019 2020e 2021e
EBITDA 126 85 144
Net financial items -2 -1 -1
Paid tax -14 -17 -30
Non-cash items -15 0 0
Cash flow before change in WC 96 67 113
Change in WC 13 6 -16
Operating cash flow 109 73 97
CAPEX tangible fixed assets -9 -5 -6
CAPEX intangible fixed assets -14 -8 -8
Acquisitions and disposals 5 0 0
Free cash flow 91 60 83
Dividend paid -51 -68 -44
Share issues and buybacks 0 0 0
Other non cash items -2 0 0
Decrease in net IB debt 40 -8 39
Balance Sheet (SEKm) 2019 2020 2021
Goodwill 0 0 0
Indefinite intangible assets 0 0 0
Definite intangible assets 55 60 64
Tangible fixed assets 45 47 50
Other fixed assets 2 2 2
Fixed assets 102 109 116
Inventories 76 67 84
Receivables 76 59 83
Other current assets 0 0 0
Cash and liquid assets 110 102 141
Total assets 363 338 424
Shareholders equity 240 233 296
Minority 0 0 0
Total equity 240 233 296
Long-term debt 33 33 33
Pension debt 0 0 0
Convertible debt 0 0 0
Deferred tax 0 0 0
Other long-term liabilities 8 8 8
Short-term debt 0 0 0
Accounts payable 82 63 88
Other current liabilities 0 0 0
Total liabilities and equity 363 338 424
Net IB debt -78 -70 -109
Net IB debt excl. pension debt -78 -70 -109
Capital invested 171 172 195
Working capital 70 63 80
EV breakdown 2019 2020 2021
Market cap. diluted (m) 2215 1960 1960
Net IB debt Adj -78 -70 -109
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 2138 1890 1851
Capital efficiency (%) 2019 2020 2021
Total assets turnover (%) 104,1 80,3 104,9
Capital invested turnover (%) 209,3 163,9 217,6
Capital employed turnover (%) 141,3 104,4 134,6
Inventories / sales (%) 22 25,5 19
Customer advances / sales (%) 0 0 0
Payables / sales (%) 23,1 25,8 18,9
Working capital / sales (%) 21,4 23,6 17,9
Financial risk and debt service 2019 2020 2021
Net debt / equity (%) -32,3 -29,9 -36,7
Net debt / market cap (%) -3,9 -3,6 -5,5
Equity ratio (%) 66,2 69,2 69,6
Net IB debt adj. / equity (%) -32,3 -29,9 -36,7
Current ratio (%) 319,4 361,8 350,9
EBITDA / net interest (%) 7890,6 16929,1 14375,6
Net IB debt / EBITDA (%) -61,4 -82,5 -75,5
Interest cover (%) 7468,8 15729,1 13675,6
SEKm 2019 2020e 2021e
Shares outstanding adj. 13 13 13
Fully diluted shares Adj 13 13 13
EPS 7,39 4,87 8,45
Dividend per share Adj 5,4 3,5 6,2
EPS Adj 6,84 4,87 8,45
BVPS 19,17 18,64 23,59
BVPS Adj 14,82 13,87 18,49
Net IB debt / share -6,2 -5,6 -8,7
Share price 158,02 156,4 156,4
Market cap. (m) 1980 1960 1960
Valuation 2019 2020 2021
P/E 23,9 32,1 18,5
EV/sales 6,02 6,72 4,63
EV/EBITDA 16,9 22,3 12,9
EV/EBITA 17,9 24 13,5
EV/EBIT 17,9 24 13,5
Dividend yield (%) 3,1 2,2 4
FCF yield (%) 4,1 3,1 4,2
P/BVPS 9,22 8,39 6,63
P/BVPS Adj 11,93 11,27 8,46
P/E Adj 25,8 32,1 18,5
EV/EBITDA Adj 17,9 22,3 12,9
EV/EBITA Adj 19 24 13,5
EV/EBIT Adj 19 24 13,5
EV/cap. employed 7,8 7,1 5,6
Investment ratios 2019 2020 2021
Capex / sales 6,3 4,7 3,5
Capex / depreciation 330,4 220,2 199,9
Capex tangibles / tangible fixed assets 18,8 10,1 12
Capex intangibles / definite intangibles 25,3 14,1 12,5
Depreciation on intangibles / definite intangibles 6,7 5,4 5,9
Depreciation on tangibles / tangibles 6,9 5,9 6,4

Key Figure Counter

<p><span>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.</span></p>

Update

P/E

Learn more

<p><span>A common valuation multiple, the share price is divided by earnings per share.</span></p> <p>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.&nbsp;</p> <p>It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.</p>

18,5

EV/EBIT

Learn more

<p>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&nbsp;<span>total cash and cash equivalents.&nbsp;</span></p> <p><span>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.</span></p>

(
)
14,0

EV/Sales

Learn more

<p><span>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&nbsp;</span><span>total cash and cash equivalents. S is the company's total sales.</span></p>

(
)
4,8

P/BVPS

Learn more

<div class="inner"> <p>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.</p> <p>Companies with high return on equity are usually associated with high P/B ratios, and vice versa.&nbsp;</p> <p>&nbsp;</p> </div> <div class="formula-bar-wrapper"> </div>

(
)
6,9