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

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

SinterCast

SinterCast

SEKm 2021 2022e 2023e
Lease adj. FCF yield (%) 3 1,8 5,2
Lease adj. ND/EBITDA -0,9 -0,3 -0,3
Sales 107 119 160
Sales growth (%) 12,6 11,1 34,1
EBITDA 35 41 64
EBITDA margin (%) 32,8 34,7 39,9
EBIT adj 31 42 59
EBIT adj margin (%) 29,2 35,3 37,1
Pretax profit 29 31 56
EPS rep 4,64 4,86 8,53
EPS growth (%) 48,5 4,8 75,4
EPS adj 4,64 5,55 8,53
DPS 5 5,2 8,5
EV/EBITDA (x) 27,6 20,7 13,3
EV/EBIT adj (x) 30,9 20,4 14,3
P/E (x) 30,3 25,1 14,3
P/E adj (x) 30,3 22 14,3
EV/sales (x) 9 7,2 5,3
FCF yield (%) 3 2 5,4
Dividend yield (%) 3,6 4,3 7
Net IB debt/EBITDA -0,8 -0,2 -0,3
SEKm 2021 2022e 2023e
Depreciation and amortisation -4 -4 -4
Of which leasing depreciation -1 0 -1
EO items 0 -5 0
Impairment and PPA amortisation 0 0 0
EBITDA lease Adj 35 45 62
EBITDA lease Adj margin (%) 32,1 37,6 39
Sales 107 119 160
COGS -31 -31 -42
Gross profit 76 89 118
Other operating items -41 -47 -55
EBITDA 35 41 64
Depreciation on tangibles -1 -1 -1
Depreciation on intangibles -2 -2 -2
EBITA 31 37 59
Goodwill impairment charges 0 0 0
Other impairment and amortisation 0 0 0
EBIT 31 37 59
Other financial items 0 0 0
Net financial items -2 -6 -3
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 29 31 56
Tax 4 3 4
Net profit 33 34 60
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 33 34 60
EPS 4,64 4,86 8,53
EPS Adj 4,64 5,55 8,53
Total extraordinary items after tax 0 -4,9 0
Tax rate (%) 13,4 9,5 7,1
Gross margin (%) 70,9 74,3 74
EBITDA margin (%) 32,8 34,7 39,9
EBITA margin (%) 29,2 31,2 37,1
EBIT margin (%) 29,2 31,2 37,1
Pretax margin (%) 27 26,4 35,3
Net margin (%) 30,6 28,9 37,8
Growth rates Y/Y 2021 2022 2023
Sales growth (%) 12,6 11,1 34,1
EBITDA growth (%) 38,9 17,5 54,3
EBIT growth (%) 45 18,4 59,9
Net profit growth (%) 48,5 4,8 75,4
EPS growth (%) 48,5 4,8 75,4
Profitability 2021 2022 2023
ROE (%) 29,6 30,6 48,7
ROE Adj (%) 29,6 34,9 48,7
ROCE (%) 27,3 32,4 47,9
ROCE Adj(%) 27,3 36,7 47,9
ROIC (%) 42,9 43 56,9
ROIC Adj (%) 42,9 48,7 56,9
Adj earnings numbers 2021 2022 2023
EBITDA Adj 35 46 64
EBITDA Adj margin (%) 32,8 38,8 39,9
EBITA Adj 31 42 59
EBITA Adj margin (%) 29,2 35,3 37,1
EBIT Adj 31 42 59
EBIT Adj margin (%) 29,2 35,3 37,1
Pretax profit Adj 29 36 56
Net profit Adj 33 39 60
Net profit to shareholders Adj 33 39 60
Net Adj margin (%) 30,6 33 37,8
Leasing payments -1 -1 -1
SEKm 2021 2022e 2023e
Lease liability amortisation -1 -1 -1
Other intangible assets 6 5 5
Right-of-use asset 4 5 5
Total other fixed assets 53 52 56
Leasing liability 4 4 4
Total other long-term liabilities 0 0 0
Net IB debt excl. leasing -32 -12 -20
Net IB debt / EBITDA lease Adj (%) -92,3 -26,1 -31,8
Inventories 10 14 18
Receivables 29 39 49
Other current assets 0 0 0
Cash and liquid assets 27 8 16
Total assets 131 125 153
Shareholders equity 113 112 136
Minority 0 0 0
Total equity 113 112 136
Long-term debt 0 -4 -4
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 14 13 18
Other current liabilities 0 0 0
Total liabilities and equity 131 125 153
Net IB debt -28 -8 -16
Net IB debt excl. pension debt -28 -8 -16
Capital invested 85 104 120
Working capital 25 40 49
EV breakdown 2021 2022 2023
Market cap. diluted (m) 998 865 865
Net IB debt Adj -28 -8 -16
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 970 857 849
Capital efficiency (%) 2021 2022 2023
Total assets turnover (%) 82,9 93 114,8
Capital invested turnover (%) 117,7 133,4 150
Capital employed turnover (%) 83,9 95,1 107,1
Inventories / sales (%) 9,3 8,7 7,9
Customer advances / sales (%) 0 0 0
Payables / sales (%) 14,6 14,2 13,6
Working capital / sales (%) 22,7 27,1 27,7
Financial risk and debt service 2021 2022 2023
Net debt / equity (%) -24,6 -7,2 -12
Net debt / market cap (%) -2,7 -0,9 -1,9
Equity ratio (%) 86,2 89,5 88,5
Net IB debt adj. / equity (%) -24,6 -7,2 -12
Current ratio (%) 421,1 413 428,4
EBITDA / net interest (%) 1466,7 725,9 2128,6
Net IB debt / EBITDA (%) -79,2 -19,6 -25,5
Interest cover (%) 1308,3 652,2 1981,9
EBITDA 35 41 64
Net financial items -2 -6 -3
Paid tax 0 0 0
Non-cash items 0 0 0
Cash flow before change in WC 33 36 61
Change in WC 1 -15 -9
Operating cash flow 33 21 52
CAPEX tangible fixed assets -1 -2 -3
CAPEX intangible fixed assets -2 -2 -2
Acquisitions and disposals 0 0 0
Free cash flow 30 17 46
Dividend paid -28 -35 -37
Share issues and buybacks 0 0 0
Other non cash items -1 0 0
Decrease in net IB debt -3 4 6
Balance Sheet (SEKm) 2021 2022 2023
Goodwill 0 0 0
Indefinite intangible assets 0 0 0
Definite intangible assets 6 6 6
Tangible fixed assets 3 3 5
Other fixed assets 50 54 63
Fixed assets 65 65 71
SEKm 2021 2022e 2023e
Lease adj. FCF yield (%) 3 1,8 5,2
Shares outstanding adj. 7 7 7
Fully diluted shares Adj 7 7 7
EPS 4,64 4,86 8,53
Dividend per share Adj 5 5,2 8,5
EPS Adj 4,64 5,55 8,53
BVPS 15,97 15,83 19,16
BVPS Adj 15,13 15,11 18,49
Net IB debt / share -3,9 -1,1 -2,3
Share price 143,84 122 122
Market cap. (m) 1020 865 865
Valuation 2021 2022 2023
P/E 30,3 25,1 14,3
EV/sales 9,04 7,18 5,3
EV/EBITDA 27,6 20,7 13,3
EV/EBITA 30,9 23 14,3
EV/EBIT 30,9 23 14,3
Dividend yield (%) 3,6 4,3 7
FCF yield (%) 3 2 5,4
P/BVPS 8,82 7,71 6,37
P/BVPS Adj 9,31 8,07 6,6
P/E Adj 30,3 22 14,3
EV/EBITDA Adj 27,6 18,5 13,3
EV/EBITA Adj 30,9 20,4 14,3
EV/EBIT Adj 30,9 20,4 14,3
EV/cap. employed 8,3 7,6 6,2
Investment ratios 2021 2022 2023
Capex / sales 3 2,9 3,5
Capex / depreciation 97 91,1 143,7
Capex tangibles / tangible fixed assets 27,6 48,7 58,6
Capex intangibles / definite intangibles 40,5 35,4 50,8
Depreciation on intangibles / definite intangibles 39 52,6 57,7
Depreciation on tangibles / tangibles 34,1 33,2 21,4

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.

14,3

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.

(
)
14,2

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.

(
)
5,2

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. 

 

(
)
6,3