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Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Havan Hanna

Equity Analyst

havan.hanna@redeye.se

+46854501330

Company Quality

  • 6.0
  • 8.0
  • 3.5
  • 3.5
  • 6.5

Leadership

Exclusive for members
AllTele har sedan en tid tillbaka en stabil lönsamhet men lider fortfarande av sviterna från det långa omstruktureringsfokuset sett till den negativa intäktstillväxten. För högre betyg behöver bolaget främst vända denna trend. Den nye VDn har ett gott track record i detta avseende och kompletteras av entreprenörer i styrelsen. Bolaget har en god kapitalallokering med fokus på utdelning men kommunikationen har varit lite sparsmakad.

Ownership

Exclusive for members

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Profit outlook

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Profitability

Exclusive for members

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Capital Strength

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Key Model Assumptions - The Bear Case

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

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Latest price

Exclusive for members

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Fair Value Range

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Telecom operator AllTele, in its new form, is a result of a reverse takeover of competitor Universal Telecom in spring 2013, after which owner Mark Hauschildt took control of the majority of votes. Hauschildt then changed the company’s management in order to tidy up after the numerous acquisitions (see investment case). AllTele was founded in 2002 and Universal Telecom in 1999. Read more...
Telecom operator AllTele, in its new form, is a result of a reverse takeover of competitor Universal Telecom in spring 2013, after which owner Mark Hauschildt took control of the majority of votes. Hauschildt then changed the company’s management in order to tidy up after the numerous acquisitions (see investment case). AllTele was founded in 2002 and Universal Telecom in 1999. AllTele is listed on the Small Cap list, now has around 70-80 employees and operates throughout Sweden. The company leases into the passive network infrastructure of other operators, allowing it to deliver fixed and mobile telephony, broadband, internet services, TV and switching solutions. AllTele has around one percent of the total market. In 2015 the company had sales of SEK 783 million and EBITDA of SEK 56 million, while EBIT was SEK -46 million after impairment.

The company’s focus is now beginning to shift to growth after a long period of multiple restructurings. AllTele also now wants to take an active role in market consolidation. The company intends to continue to grow organically, through new services and business areas. The idea is to find a niche in being small enough to quickly adapt to changing circumstances and new technology, yet large enough to have a more comprehensive offering than smaller players. Its biggest competitive disadvantage is the difficulty to differentiate itself from providers of similar size. This means that pricing, according to the company, is a common and important means of competition. Less...

TODAY

Day High
N/A
19.00
0.00
1.1%
Day Low
N/A
Day Open
19.20
Prev Close
19.00
VWAP
N/A
Volume
0K
Turnover
0.000M
Top Broker
VWAP
19.1
Avg Volume
8K
Avg Turnover
0.154M
Top Brokers
SWB/AVA

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
624.3M
Total Return
19.7%
Trailing P/E
16.3
Div Yield
4.7%
Shares Outstanding
32.9M
Next Earnings Date
9 May
Stock Exchange
NASDAQ Stockholm

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months 5.2%
Rel Price Chg 12 Months 0.5%
Volume Trend
Avg Vol 10 vs 60 Days -39.6%
Price vs...
52-Week High -5.0%
50-Day Moving Average 0.2%
200-Day Moving Average 12.5%

Historic pricing of AllTele

Last price: 19.00 SEK

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Johan Hellström (tilltr. 1 jan 2017), CEO
Annika Westberg, CFO

Executive Board

Thomas Nygren, Chairman of the board
Mark Hauschildt
Ola Norberg
Paul Moonga
Björn Fernström
Robert Charpentier

Last updated: 2017-03-03 Source: Redeye

Major Holders

Owner Equity Votes
 Mark Hauschildt 47.8%
47.8%
On Top Of It AB 8.4%
8.4%
Wilderness Consulting Sweden AB 8.4%
8.4%
Sfö Holding Söder AB 5.1%
5.1%
Öhman Fonder 3.1%
3.1%
Ola Norberg 3.0%
3.0%
Hans Hellspong 2.4%
2.4%
Thomas Nygren 1.6%
1.6%
Avanza Pension 1.4%
1.4%
Peter Bellgran 1.1%
1.1%

Last updated: 2017-03-03 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (SEK)
2015-12-15 Svensson, Sture ANB Sale + 92 34
2015-12-15 Svensson, Kim ANB Sale + 17 79
2015-12-15 Kvist, Malin ANB Sale + 68 190
2015-12-15 Kvist, Malin ANB Sale + 83 180
2015-12-15 Kvist, Sture ANB Sale + 9 93

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (SEK)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (SEKm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (SEKm)
  • Capital employed (SEKm)
  • Capital turnover rate
Previous year Next year
2014
  • 9.6%
  • 11.3%
  • 8.9%
  • 10.1%
  • 4.2%
  • 2.7%
  • 0.93
  • 0.93
  • 1.25
  • 2.24
  • 25.4M
  • 539.9
  • 20.5
  • 20.5
  • 0.5
  • 0.6
  • 6.0
  • 14.7
  • 2.0
  • 44.3%
  • 12.0%
  • 57
  • 304
  • 1.6
2015
  • -23.9%
  • -16.6%
  • -14.7%
  • 7.1%
  • -5.8%
  • -6.2%
  • -1.83
  • -1.83
  • 0.75
  • 2.49
  • 26.7M
  • 573.7
  • -10.4
  • -10.4
  • 0.6
  • 0.7
  • 10.3
  • -12.6
  • 3.1
  • 37.9%
  • 13.4%
  • 66
  • 233
  • 1.8
2016
  • 14.0%
  • 11.7%
  • 15.1%
  • 11.5%
  • 5.1%
  • 4.5%
  • 1.17
  • 1.17
  • 0.90
  • 2.07
  • 26.7M
  • 562.7
  • 16.3
  • 16.3
  • 0.7
  • 0.8
  • 7.1
  • 16.0
  • 1.8
  • 46.0%
  • 15.9%
  • 55
  • 336
  • 1.1
2017E
  • 18.6%
  • 16.2%
  • 17.7%
  • 13.0%
  • 7.1%
  • 6.3%
  • 1.67
  • 1.67
  • 0.90
  • 1.49
  • 32.9M
  • 673.4
  • 11.4
  • 11.4
  • 0.6
  • 0.8
  • 5.9
  • 10.8
  • 1.6
  • 48.9%
  • 12.6%
  • 49
  • 360
  • 1.4
2018E
  • 16.4%
  • 15.9%
  • 15.8%
  • 12.5%
  • 7.0%
  • 5.8%
  • 1.61
  • 1.61
  • 0.90
  • 0.51
  • 32.9M
  • 641.1
  • 11.8
  • 11.8
  • 0.7
  • 0.7
  • 5.7
  • 10.1
  • 1.9
  • 53.1%
  • 8.7%
  • 17
  • 351
  • 1.4
2019E
  • 14.5%
  • 17.3%
  • 14.8%
  • 12.5%
  • 7.0%
  • 5.3%
  • 1.53
  • 1.53
  • 0.90
  • -0.69
  • 32.9M
  • 601.6
  • 12.5
  • 12.5
  • 0.7
  • 0.6
  • 5.0
  • 9.0
  • 1.8
  • 56.4%
  • 3.7%
  • -23
  • 332
  • 1.5
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 886
  • -796
  • 90
  • -53
  • 0
  • 0
  • 37
  • 0
  • -6
  • 0
  • 30
  • -7
  • 24
2015
  • 783
  • -727
  • 56
  • -102
  • 0
  • -56
  • -46
  • 0
  • -4
  • 0
  • -49
  • 1
  • -49
2016
  • 694
  • -615
  • 80
  • -44
  • 0
  • 0
  • 35
  • 0
  • -4
  • 0
  • 31
  • 0
  • 31
2017E
  • 6
  • 8
  • 7
  • 7
  • 10
  • 9
  • 4
  • 0
  • 2
  • 10
  • 7
  • 0
  • 2
Q1E
  • 0
  • 0
  • 4
  • 0
  • 0
  • 8
  • 10
  • 7
  • 1
  • 4
  • 7
  • 9
  • 4
Q2E
  • 1
  • 5
  • 3
  • 3
  • 6
  • 3
  • 6
  • 4
  • 9
  • 9
  • 4
  • 4
  • 5
Q3E
  • 7
  • 3
  • 9
  • 2
  • 9
  • 5
  • 4
  • 0
  • 4
  • 0
  • 5
  • 5
  • 5
Q4E
  • 7
  • 1
  • 9
  • 3
  • 7
  • 1
  • 2
  • 8
  • 4
  • 0
  • 10
  • 3
  • 3
2017E
  • 3
  • 8
  • 10
  • 6
  • 0
  • 6
  • 5
  • 0
  • 4
  • 5
  • 6
  • 9
  • 9
2018E
  • 2
  • 7
  • 0
  • 0
  • 2
  • 3
  • 4
  • 2
  • 9
  • 7
  • 3
  • 6
  • 2
Q1E
  • 3
  • 8
  • 7
  • 8
  • 0
  • 1
  • 9
  • 1
  • 5
  • 0
  • 7
  • 7
  • 1
Q2E
  • 0
  • 5
  • 7
  • 2
  • 9
  • 6
  • 10
  • 4
  • 4
  • 1
  • 6
  • 1
  • 7
Q3E
  • 3
  • 3
  • 4
  • 8
  • 1
  • 1
  • 9
  • 0
  • 9
  • 7
  • 10
  • 8
  • 2
Q4E
  • 8
  • 0
  • 0
  • 10
  • 5
  • 6
  • 9
  • 8
  • 1
  • 4
  • 1
  • 1
  • 3
2018E
  • 2
  • 2
  • 1
  • 2
  • 1
  • 5
  • 5
  • 8
  • 10
  • 5
  • 10
  • 1
  • 8
2019E
  • 4
  • 4
  • 3
  • 2
  • 8
  • 7
  • 3
  • 0
  • 2
  • 10
  • 2
  • 5
  • 2
Previous year Next year
    (SEKm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 13
  • 100
  • 6
  • 67
  • 185
  • 15
  • 0
  • 18
  • 126
  • 0
  • 208
  • 0
  • 367
  • 7
  • 558
  • 70
  • 82
  • 160
  • 311
  • 0
  • 0
  • 0
  • 311
  • 0
  • 0
  • 244
  • 3
  • 247
  • 559
2015
  • 0
  • 87
  • 4
  • 55
  • 145
  • 13
  • 0
  • 18
  • 70
  • 0
  • 185
  • 0
  • 285
  • 10
  • 441
  • 40
  • 106
  • 102
  • 247
  • 26
  • 0
  • 0
  • 274
  • 0
  • 0
  • 164
  • 3
  • 167
  • 440
2016
  • 32
  • 82
  • 7
  • 48
  • 169
  • 12
  • 0
  • 12
  • 232
  • 0
  • 164
  • 0
  • 420
  • 21
  • 610
  • 22
  • 92
  • 118
  • 233
  • 65
  • 0
  • 0
  • 298
  • 29
  • 3
  • 280
  • 0
  • 280
  • 610
2017E
  • 5
  • 2
  • 10
  • 5
  • 3
  • 3
  • 4
  • 5
  • 2
  • 3
  • 5
  • 10
  • 1
  • 9
  • 8
  • 9
  • 3
  • 7
  • 6
  • 10
  • 4
  • 0
  • 3
  • 4
  • 10
  • 4
  • 4
  • 3
  • 3
2018E
  • 5
  • 8
  • 4
  • 6
  • 1
  • 10
  • 6
  • 4
  • 2
  • 8
  • 4
  • 0
  • 3
  • 4
  • 8
  • 1
  • 10
  • 0
  • 5
  • 2
  • 6
  • 5
  • 0
  • 0
  • 10
  • 2
  • 8
  • 1
  • 6
2019E
  • 7
  • 3
  • 8
  • 9
  • 0
  • 2
  • 5
  • 5
  • 9
  • 9
  • 5
  • 7
  • 6
  • 2
  • 9
  • 4
  • 4
  • 10
  • 9
  • 9
  • 6
  • 5
  • 9
  • 5
  • 1
  • 1
  • 4
  • 0
  • 6
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 886
  • -796
  • -53
  • 37
  • -8
  • 28
  • 53
  • 82
  • -20
  • -16
  • 43
2015
  • 783
  • -727
  • -102
  • -46
  • -3
  • -45
  • 102
  • 57
  • -8
  • -20
  • 26
2016
  • 694
  • -615
  • -44
  • 35
  • 0
  • 35
  • 44
  • 80
  • -26
  • -18
  • 56
2017E
  • 8
  • 8
  • 8
  • 5
  • 0
  • 4
  • 0
  • 0
  • 9
  • 1
  • 6
2018E
  • 10
  • 7
  • 7
  • 0
  • 6
  • 6
  • 10
  • 1
  • 2
  • 6
  • 3
2019E
  • 7
  • 8
  • 0
  • 2
  • 1
  • 1
  • 2
  • 9
  • 1
  • 8
  • 0
Previous year Next year
More