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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

Henrik Alveskog

Equity Analyst

henrik.alveskog@redeye.se

+46854501345

Company Quality

  • 7.0
  • 7.0
  • 6.0
  • 5.0
  • 4.0

Leadership

Exclusive for members
De målsättningar som sattes upp i samband med börsnoteringen har bolaget inte kunna infria. Orsakerna ligger dock i omvärldsfaktorer som bolaget inte kunnat påverka. Den löpande kommunikationen är balanserad och ledningen har god erfarenhet och hög trovärdighet. Vi uppfattar företagskulturen som dynamisk och relativt stark för ett så pass ungt bolag. VD-bytet som genomfördes i början av 2016 verkar ha gått smärtfritt både inom organisationen och externt.

Ownership

Exclusive for members

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Profit outlook

Exclusive for members

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Profitability

Exclusive for members

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Capital Strength

Exclusive for members

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Key Model Assumptions - The Bear Case

Exclusive for members

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Key Model Assumptions - The Bull Case

Exclusive for members

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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

Operations started in 2006 and the share was listed on Nasdaq Stockholms main market in 2010. Head office is in Halmstad and Arise employs a little over 30 people. In 2015 turnover amounted to SEK 508 million and profit before tax was minus SEK 164 million (including asset write downs of SEK 151 million. Read more...
Operations started in 2006 and the share was listed on Nasdaq Stockholms main market in 2010. Head office is in Halmstad and Arise employs a little over 30 people. In 2015 turnover amounted to SEK 508 million and profit before tax was minus SEK 164 million (including asset write downs of SEK 151 million.

Arise is an electric utility producing and selling renewable energy from its own wind farms. Since electricity is a standardized product, they have limited possibilities to niche their offering. The business is all about cost effective construction and operation and to some extent successful price hedging. Arise seems to have done well in these respects. Certainly when it comes to price hedging.

In addition to this, Arise also offers services for management and maintenance as well as building new wind farm projects for other owners. Hence they get better leverage on their organization and access to financially strong partners for certain large projects that otherwise would have been difficult to finance.
Less...

TODAY

Day High
18.70
18.60
0.10
+ 0.5%
Day Low
17.90
Day Open
19.70
Prev Close
18.50
VWAP
18.2
Volume
95K
Turnover
1.732M
Top Broker
AVA
VWAP
18.8
Avg Volume
70K
Avg Turnover
1.315M
Top Brokers
AVA/NON

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
618.4M
Total Return
8.8%
Trailing P/E
-4.0
Div Yield
0.0%
Shares Outstanding
33.4M
Next Earnings Date
4 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 -14.7%
Rel Price Chg 12 Months -6.0%
Volume Trend
Avg Vol 10 vs 60 Days -38.1%
Price vs...
52-Week High -16.2%
50-Day Moving Average -8.4%
200-Day Moving Average -3.3%

Historic pricing of Arise

Last price: 18.60 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

Daniel Johansson, CEO
Linus Hägg, CFO

Executive Board

Joachim Gahm, Chairman of the board
Jon Brandsar
Maud Olofsson
Peter Gyllenhammar

Last updated: 2017-01-18 Source: Redeye

Major Holders

Owner Equity Votes
Briban Invest 14.9%
14.9%
Johan Claesson med bolag 12.4%
12.4%
Tredje AP Fonden 10.0%
10.0%
Ernström Finans AB 4.5%
4.5%
Catella fonder 4.5%
4.5%
Peter Gyllenhammar 4.5%
4.5%
Peter Nygren fam o bolag 4.2%
4.2%
Leif Jansson m bolag 3.8%
3.8%
Nordea fonder 3.7%
3.7%
AB Traction 3.4%
3.4%

Last updated: 2017-01-18 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 Kvist, Sture ANB Sale + 73 69
2015-12-15 Svensson, Sture ANB Sale + 6 53
2015-12-15 Svensson, Malin ANB Sale + 83 93
2015-12-15 Kvist, Malin ANB Sale + 46 157
2015-12-15 Svensson, Sture ANB Sale + 59 192

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
  • -2.1%
  • 3.2%
  • 3.5%
  • 68.4%
  • 31.7%
  • -8.7%
  • -0.75
  • -0.75
  • 0.00
  • 43.97
  • 33.4M
  • 2,091.8
  • -24.9
  • -24.9
  • 2.2
  • 7.3
  • 10.6
  • 22.9
  • 0.5
  • 39.7%
  • 74.8%
  • 1,470
  • 2,648
  • 0.1
2015
  • -13.8%
  • -2.1%
  • -2.1%
  • 37.9%
  • -11.4%
  • -30.8%
  • -4.68
  • -4.68
  • 0.00
  • 37.99
  • 33.4M
  • 1,891.8
  • -4.0
  • -4.0
  • 1.2
  • 3.7
  • 9.8
  • -32.8
  • 0.6
  • 39.4%
  • 71.0%
  • 1,270
  • 2,361
  • 0.2
2016E
  • -4.0%
  • 1.1%
  • 0.9%
  • 21.9%
  • 4.6%
  • -7.5%
  • -1.29
  • -1.29
  • 0.00
  • 30.61
  • 33.4M
  • 1,645.1
  • -14.4
  • -14.4
  • 1.1
  • 2.8
  • 13.0
  • 61.5
  • 0.6
  • 44.2%
  • 64.8%
  • 1,023
  • 2,071
  • 0.2
2017E
  • -3.7%
  • 1.7%
  • 1.7%
  • 22.6%
  • 7.2%
  • -7.6%
  • -1.14
  • -1.14
  • 0.00
  • 29.56
  • 33.4M
  • 1,610.1
  • -16.3
  • -16.3
  • 1.2
  • 3.2
  • 14.1
  • 44.6
  • 0.6
  • 44.9%
  • 63.2%
  • 988
  • 1,998
  • 0.2
2018E
  • 2.0%
  • 4.4%
  • 4.5%
  • 28.5%
  • 15.6%
  • 3.6%
  • 0.61
  • 0.61
  • 0.30
  • 26.88
  • 33.4M
  • 1,520.3
  • 30.5
  • 30.5
  • 1.1
  • 2.6
  • 9.3
  • 16.9
  • 0.6
  • 46.9%
  • 61.4%
  • 898
  • 1,929
  • 0.3
2019E
  • 1.6%
  • 4.1%
  • 3.2%
  • 68.3%
  • 36.1%
  • 7.7%
  • 0.51
  • 0.51
  • 0.00
  • 24.58
  • 33.4M
  • 1,443.5
  • 36.8
  • 36.8
  • 2.8
  • 6.6
  • 9.6
  • 18.2
  • 0.6
  • 50.8%
  • 58.0%
  • 822
  • 1,859
  • 0.1
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
  • 288
  • -91
  • 197
  • -106
  • 0
  • 0
  • 91
  • 0
  • -116
  • 0
  • -24
  • -1
  • -25
2015
  • 508
  • -315
  • 193
  • -250
  • 0
  • 0
  • -58
  • 0
  • -107
  • 0
  • -164
  • 8
  • -156
2016E
  • 7
  • 1
  • 7
  • 4
  • 8
  • 2
  • 6
  • 1
  • 9
  • 1
  • 7
  • 0
  • 7
Q1E
  • 3
  • 7
  • 4
  • 3
  • 0
  • 0
  • 0
  • 4
  • 1
  • 0
  • 7
  • 4
  • 8
Q2E
  • 5
  • 7
  • 8
  • 7
  • 2
  • 2
  • 9
  • 2
  • 1
  • 10
  • 9
  • 6
  • 4
Q3E
  • 9
  • 7
  • 5
  • 4
  • 4
  • 5
  • 5
  • 4
  • 7
  • 0
  • 5
  • 8
  • 7
Q4E
  • 3
  • 4
  • 2
  • 0
  • 0
  • 8
  • 5
  • 9
  • 10
  • 4
  • 1
  • 9
  • 5
2016E
  • 6
  • 8
  • 10
  • 10
  • 4
  • 2
  • 6
  • 9
  • 9
  • 3
  • 4
  • 6
  • 7
2017E
  • 3
  • 6
  • 1
  • 6
  • 10
  • 5
  • 2
  • 3
  • 0
  • 8
  • 2
  • 1
  • 2
Q1E
  • 9
  • 2
  • 6
  • 9
  • 1
  • 0
  • 6
  • 7
  • 0
  • 0
  • 9
  • 3
  • 3
Q2E
  • 9
  • 8
  • 4
  • 10
  • 1
  • 8
  • 4
  • 9
  • 8
  • 2
  • 9
  • 4
  • 7
Q3E
  • 0
  • 6
  • 2
  • 5
  • 6
  • 3
  • 8
  • 0
  • 8
  • 6
  • 8
  • 2
  • 7
Q4E
  • 8
  • 4
  • 6
  • 6
  • 1
  • 0
  • 0
  • 6
  • 6
  • 7
  • 4
  • 0
  • 9
2017E
  • 8
  • 1
  • 6
  • 7
  • 4
  • 9
  • 4
  • 2
  • 8
  • 10
  • 7
  • 3
  • 9
2018E
  • 4
  • 0
  • 9
  • 4
  • 5
  • 4
  • 7
  • 10
  • 3
  • 4
  • 0
  • 9
  • 6
2019E
  • 9
  • 9
  • 8
  • 2
  • 0
  • 6
  • 5
  • 8
  • 4
  • 0
  • 6
  • 7
  • 8
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
  • 157
  • 9
  • 20
  • 80
  • 266
  • 2,209
  • 0
  • 415
  • 0
  • 0
  • 0
  • 24
  • 2,648
  • 53
  • 2,967
  • 70
  • 28
  • 110
  • 208
  • 1,557
  • 0
  • 0
  • 1,765
  • 0
  • 24
  • 1,178
  • 0
  • 1,178
  • 2,967
2015
  • 203
  • 15
  • 62
  • 140
  • 420
  • 1,836
  • 0
  • 445
  • 0
  • 0
  • 0
  • 25
  • 2,306
  • 41
  • 2,767
  • 58
  • 72
  • 109
  • 239
  • 1,415
  • 0
  • 0
  • 1,654
  • 0
  • 22
  • 1,091
  • 0
  • 1,091
  • 2,767
2016E
  • 3
  • 6
  • 5
  • 4
  • 2
  • 9
  • 6
  • 8
  • 8
  • 10
  • 0
  • 0
  • 1
  • 7
  • 1
  • 3
  • 8
  • 2
  • 3
  • 1
  • 1
  • 10
  • 2
  • 9
  • 6
  • 7
  • 3
  • 9
  • 2
2017E
  • 7
  • 9
  • 8
  • 4
  • 3
  • 3
  • 7
  • 5
  • 1
  • 8
  • 8
  • 8
  • 2
  • 5
  • 9
  • 1
  • 3
  • 8
  • 4
  • 8
  • 4
  • 7
  • 6
  • 9
  • 5
  • 4
  • 1
  • 7
  • 8
2018E
  • 4
  • 10
  • 2
  • 0
  • 6
  • 1
  • 2
  • 1
  • 10
  • 3
  • 10
  • 2
  • 3
  • 10
  • 8
  • 1
  • 6
  • 8
  • 4
  • 0
  • 1
  • 3
  • 1
  • 3
  • 9
  • 4
  • 7
  • 5
  • 0
2019E
  • 5
  • 9
  • 2
  • 2
  • 10
  • 7
  • 1
  • 8
  • 0
  • 5
  • 7
  • 4
  • 9
  • 1
  • 2
  • 3
  • 5
  • 6
  • 1
  • 5
  • 10
  • 7
  • 2
  • 9
  • 7
  • 3
  • 3
  • 10
  • 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
  • 288
  • -91
  • -106
  • 91
  • 3
  • 94
  • 106
  • 200
  • -113
  • 64
  • 144
2015
  • 508
  • -315
  • -250
  • -58
  • 3
  • -55
  • 250
  • 196
  • -65
  • 92
  • 232
2016E
  • 1
  • 9
  • 1
  • 1
  • 0
  • 7
  • 5
  • 7
  • 2
  • 4
  • 10
2017E
  • 8
  • 1
  • 9
  • 4
  • 10
  • 0
  • 0
  • 8
  • 3
  • 2
  • 9
2018E
  • 6
  • 4
  • 3
  • 4
  • 1
  • 2
  • 8
  • 10
  • 1
  • 4
  • 10
2019E
  • 0
  • 8
  • 10
  • 3
  • 9
  • 5
  • 4
  • 1
  • 2
  • 8
  • 6
Previous year Next year
More