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

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

SinterCast

SinterCast

SEKm 2019 2020e 2021e
Sales 116 128 136
Sales growth (%) 32,1 10 6,5
EBITDA 51 57 63
EBITDA margin (%) 44,2 44,4 46,5
EBIT adj 47 53 59
EBIT adj margin (%) 41 41,4 43,5
Pretax profit 47 53 59
EPS rep 7,05 7,9 8,79
EPS growth (%) 52,8 12,2 11,2
EPS adj 7,05 7,9 8,79
DPS 7 8 9
EV/EBITDA (x) 29,1 26,2 23,4
EV/EBIT adj (x) 31,4 28,1 25
P/E (x) 30,7 27,3 24,6
P/E adj (x) 30,7 27,3 24,6
EV/sales (x) 12,9 11,6 10,9
FCF yield (%) 3,1 3,7 4,1
Dividend yield (%) 3,2 3,7 4,2
Net IB debt/EBITDA -0,8 -0,8 -0,8
SEKm 2019 2020e 2021e
Sales 116 128 136
COGS -25 -27 -27
Gross profit 91 101 109
Other operating items -40 -44 -45
EBITDA 51 57 63
Depreciation on tangibles -3 -3 -3
Depreciation on intangibles 0 0 0
EBITA 47 53 59
Goodwill impairment charges 0 0 0
Other impairment and amortisation 0 0 0
EBIT 47 53 59
Other financial items 0 0 0
Net financial items -1 0 0
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 47 53 59
Tax 3 3 3
Net profit 50 56 62
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 50 56 62
EPS 7,05 7,9 8,79
EPS Adj 7,05 7,9 8,79
Total extraordinary items after tax 0 0 0
Tax rate (%) 6,8 6,1 5,4
Gross margin (%) 78,8 79,1 79,9
EBITDA margin (%) 44,2 44,4 46,5
EBITA margin (%) 41 41,4 43,5
EBIT margin (%) 41 41,4 43,5
Pretax margin (%) 40,3 41,4 43,5
Net margin (%) 43,1 43,9 45,9
Growth rates Y/Y 2019 2020 2021
Sales growth (%) 32,1 10 6,5
EBITDA growth (%) 62,2 10,5 11,6
EBIT growth (%) 61,4 11,3 11,9
Net profit growth (%) 52,8 12,2 11,2
EPS growth (%) 52,8 12,2 11,2
Profitability 2019 2020 2021
ROE (%) 46,9 47,9 50,7
ROE Adj (%) 46,9 47,9 50,7
ROCE (%) 43,9 44 46,9
ROCE Adj(%) 43,9 44 46,9
ROIC (%) 72,7 76,6 85,1
ROIC Adj (%) 72,7 76,6 85,1
Adj earnings numbers 2019 2020 2021
EBITDA Adj 51 57 63
EBITDA Adj margin (%) 44,2 44,4 46,5
EBITA Adj 47 53 59
EBITA Adj margin (%) 41 41,4 43,5
EBIT Adj 47 53 59
EBIT Adj margin (%) 41 41,4 43,5
Pretax profit Adj 47 53 59
Net profit Adj 50 56 62
Net profit to shareholders Adj 50 56 62
Net Adj margin (%) 43,1 43,9 45,9
SEKm 2019 2020e 2021e
Inventories 8 9 9
Receivables 32 37 39
Other current assets 0 0 0
Cash and liquid assets 44 50 55
Total assets 129 140 146
Shareholders equity 114 120 126
Minority 0 0 0
Total equity 114 120 126
Long-term debt 0 0 0
Pension debt 0 0 0
Convertible debt 0 0 0
Deferred tax 0 0 0
Other long-term liabilities 0 0 0
Short-term debt 0 0 0
Accounts payable 12 17 18
Other current liabilities 0 0 0
Total liabilities and equity 95 110 129
Net IB debt -41 -47 -52
Net IB debt excl. pension debt -41 -47 -52
Capital invested 73 73 73
Working capital 27 29 31
EV breakdown 2019 2020 2021
Market cap. diluted (m) 1531 1531 1531
Net IB debt Adj -41 -47 -52
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 1491 1485 1479
Capital efficiency (%) 2019 2020 2021
Total assets turnover (%) 96,9 94,9 94,9
Capital invested turnover (%) 166,1 174,2 185,4
Capital employed turnover (%) 107,3 106,3 107,8
Inventories / sales (%) 6,1 6,4 6,5
Customer advances / sales (%) 0 0 0
Payables / sales (%) 10,1 11,3 12,6
Working capital / sales (%) 20,6 21,9 22
Financial risk and debt service 2019 2020 2021
Net debt / equity (%) -35,7 -39 -41,7
Net debt / market cap (%) -4,4 -3,1 -3,4
Equity ratio (%) 88,1 86 85,9
Net IB debt adj. / equity (%) -35,7 -39 -41,7
Current ratio (%) 621,7 542,9 557,2
EBITDA / net interest (%) 7322,8 0 0
Net IB debt / EBITDA (%) -79,1 -82,6 -82,9
Interest cover (%) 6780 N/A N/A
EBITDA 51 57 63
Net financial items -1 0 0
Paid tax 3 3 3
Non-cash items 2 3 3
Cash flow before change in WC 55 63 70
Change in WC -6 -2 -2
Operating cash flow 49 61 68
CAPEX tangible fixed assets 0 0 0
CAPEX intangible fixed assets -2 -4 -4
Acquisitions and disposals 0 0 0
Free cash flow 47 57 63
Dividend paid -35 -50 -57
Share issues and buybacks 0 0 0
Other non cash items -3 0 0
Decrease in net IB debt 8 6 6
Balance Sheet (SEKm) 2019 2020 2021
Goodwill 0 0 0
Indefinite intangible assets 0 0 0
Definite intangible assets 7 8 9
Tangible fixed assets 2 2 2
Other fixed assets 35 32 28
Fixed assets 46 44 42
SEKm 2019 2020e 2021e
Shares outstanding adj. 7 7 7
Fully diluted shares Adj 7 7 7
EPS 7,05 7,9 8,79
Dividend per share Adj 7 8 9
EPS Adj 7,05 7,9 8,79
BVPS 16,04 16,94 17,73
BVPS Adj 15,11 15,82 16,42
Net IB debt / share -5,7 -6,6 -7,4
Share price 129,98 216 216
Market cap. (m) 922 1531 1531
Valuation 2019 2020 2021
P/E 30,7 27,3 24,6
EV/sales 12,87 11,64 10,89
EV/EBITDA 29,1 26,2 23,4
EV/EBITA 31,4 28,1 25
EV/EBIT 31,4 28,1 25
Dividend yield (%) 3,2 3,7 4,2
FCF yield (%) 3,1 3,7 4,1
P/BVPS 13,47 12,75 12,18
P/BVPS Adj 14,29 13,65 13,15
P/E Adj 30,7 27,3 24,6
EV/EBITDA Adj 29,1 26,2 23,4
EV/EBITA Adj 31,4 28,1 25
EV/EBIT Adj 31,4 28,1 25
EV/cap. employed 12,8 12 11,5
Investment ratios 2019 2020 2021
Capex / sales 1,4 3,2 3,2
Capex / depreciation 61,5 149,7 146,1
Capex tangibles / tangible fixed assets 0 0 0
Capex intangibles / definite intangibles 25,3 51,5 46,8
Depreciation on intangibles / definite intangibles 0 0 0
Depreciation on tangibles / tangibles 142,1 143,4 156,6

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>

24,6

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>

(
)
24,7

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>

(
)
10,7

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>

(
)
12,0